The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved enhanced delegation of powers to NTPC Limited, allowing it to invest up to Rs 200 billion in its subsidiary NTPC Green Energy Limited (NGEL). This move exceeds the earlier approved limit of Rs 75 billion and enables NGEL to further invest in NTPC Renewable Energy Limited (NREL) and other joint ventures and subsidiaries.

The approval aims to accelerate renewable energy capacity addition, contributing to NTPC’s target of developing 60 GW of green energy by 2032. This aligns with India's broader commitment to build 500 GW of non-fossil energy capacity by 2030 and achieve Net Zero emissions by 2070.

The enhanced investment freedom is expected to fast-track project implementation, improve power infrastructure, and ensure 24x7 reliable electricity access nationwide. It will also spur direct and indirect employment during both construction and operation phases, benefiting local enterprises, MSMEs, and encouraging entrepreneurship.

India recently reached a key milestone by achieving 50 per cent of its installed electricity capacity from non-fossil fuel sources—five years ahead of its Nationally Determined Contribution under the Paris Agreement.

NGEL, the NTPC Group’s flagship subsidiary for green energy expansion, is spearheading this transition through both organic and inorganic growth. Organic capacity addition is primarily being undertaken by NREL, NGEL’s wholly owned subsidiary.

NGEL has built a portfolio of approximately 32 GW in renewable capacity, including 6 GW of operational assets, 17 GW under contract or awarded, and another 9 GW in the pipeline. It is also collaborating with various State Governments and Central Public Sector Enterprises to implement large-scale renewable energy projects across the country.

This strategic decision is poised to reinforce NTPC’s leadership in India’s green transition and solidify its role in meeting the nation’s long-term energy and climate goals.