Cabinet approves enhanced investment powers for NTPC to ramp up renewable energy to 60 GW by 2032
On July 16, 2025, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved enhanced delegation of powers to NTPC Ltd. to invest up to ₹20,000 crore through its subsidiaries in renewable energy capacity addition — a significant boost from the earlier limit of ₹7,500 crore.
The approval allows NTPC and its subsidiary NTPC Green Energy Ltd. (NGEL) to invest in NTPC Renewable Energy Ltd. (NREL) and other JVs/subsidiaries to achieve the group's target of 60 GW renewable energy capacity by 2032, aligning with India's commitment to 500 GW of non-fossil fuel capacity by 2030 and Net Zero by 2070.
Currently, NGEL — NTPC's flagship renewable energy arm — has a portfolio of about 32 GW, which includes ~6 GW operational, ~17 GW contracted/awarded, and ~9 GW in the pipeline. NGEL plans to achieve growth both organically, via NREL, and through partnerships with state governments and other central PSUs.
The Cabinet highlighted that this move will not only accelerate India's clean energy transition but also create employment opportunities at construction and operation stages, benefit MSMEs, foster entrepreneurship, and strengthen the country's power infrastructure.
India has already achieved 50% of its installed electricity capacity from non-fossil fuel sources — five years ahead of its Paris Agreement commitments — and continues to lead global efforts in sustainable energy.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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