The Union Government has authorized NTPC Ltd to invest up to ₹20,000 crore in expanding its renewable energy portfolio, marking a major step towards achieving its target of 60 GW green energy capacity by 2032. The decision was announced by Union Minister for Information and Broadcasting, Ashwini Vaishnaw, following a Cabinet Committee on Economic Affairs (CCEA) meeting chaired by Prime Minister Narendra Modi.
As per the approval, the investment will flow through NTPC Green Energy Ltd (NGEL), which will in turn channel funds into NTPC Renewable Energy Ltd (NREL) and associated joint ventures or subsidiaries. This move significantly increases NTPC’s earlier investment limit of ₹7,500 crore, providing a major boost to India’s clean energy ambitions.
According to the official statement, this enhanced financial autonomy will accelerate the rollout of large-scale renewable energy projects across the country. It is also expected to bolster energy infrastructure, ensuring more reliable and continuous power supply for all. The initiative underscores the government’s continued focus on transitioning to a low-carbon economy while empowering public sector enterprises to lead the charge in clean energy development.
NTPC Limited, formerly known as National Thermal Power Corporation, is India’s largest power utility, established in 1975 under the Ministry of Power, Government of India. The company is primarily engaged in the generation and sale of electricity to state-owned and private sector utilities.
NTPC operates a vast network of thermal, hydro, and renewable energy plants across India, with a total installed capacity of over 68,000 MW. The company’s commitment to providing affordable and sustainable energy plays a significant role in the country’s economic development by ensuring reliable power supply to industries, businesses, and households alike.
NTPC is also actively working towards reducing its carbon footprint by increasing its focus on renewable energy sources. The company has set ambitious targets to diversify its energy mix, including wind, solar, and hydroelectric power.
As part of its commitment to sustainability, NTPC aims to become a leader in clean energy solutions, with plans to achieve a significant share of its capacity from non-fossil fuel sources in the coming years. Furthermore, NTPC continues to invest in modernizing its operations with cutting-edge technology, ensuring efficient energy production and contributing to India’s energy security.
