The Cabinet Committee on Economic Affairs has approved enhanced delegation of power to NTPC Limited for investing in its subsidiary NTPC Green Energy Limited (NGEL) and for NGEL’s further investment in NTPC Renewable Energy Limited (NREL) and other joint ventures or subsidiaries. The approved delegation has increased NTPC’s investment limit from Rs 7.5 billion to Rs 20 billion for renewable energy capacity addition.
This step is aimed at helping NTPC achieve its target of adding 60 GW renewable energy capacity by 2032, contributing to India’s broader goal of 500 GW non-fossil energy capacity by 2030. NGEL acts as NTPC Group’s lead subsidiary for renewable energy growth through both organic and inorganic routes. Organic capacity addition will primarily be carried out through NGEL’s wholly owned subsidiary, NREL.
NGEL has existing partnerships with various state governments and central public sector undertakings for renewable project development. Its current renewable energy portfolio stands at approximately 32 GW, which includes around 6 GW operational capacity, 17 GW contracted or awarded capacity, and a pipeline of 9 GW under development.
