Cabinet approves ₹20,000 crore investment plan for NTPC's renewable energy expansion
NTPC
Limited's
renewable energy
ventures, permitting the Maharatna PSU to invest up to ₹20,000 crore in its subsidiary NTPC
Green Energy Limited
(NGEL) and, in turn, NGEL's investments in NTPC Renewable Energy Limited (NREL) and other joint ventures or subsidiaries.
The revised delegation enhances NTPC's earlier approved investment ceiling of ₹7,500 crore, and is aimed at enabling the company to accelerate renewable energy capacity addition to achieve 60 GW by 2032.
According to the government, the approval is expected to facilitate the rapid development of renewable projects and support India's broader goal of providing reliable and round-the-clock electricity access across the country.
As of June 2025, NGEL has a renewable energy portfolio of around 32 GW, which includes approximately 6 GW of operational capacity, 17 GW of contracted or awarded projects, and a development pipeline of about 9 GW. Organic growth is being implemented primarily through NGEL's wholly owned subsidiary NREL. In addition, NGEL has formed strategic partnerships with various state governments and CPSEs for renewable energy project development.
India recently achieved 50% of its installed
electricity capacity
from
non-fossil fuel sources
, five years ahead of its target under its Nationally Determined Contributions (NDCs) to the Paris Agreement. The country aims to install 500 GW of non-fossil fuel capacity by 2030, and reach net zero emissions by 2070.
The government said the renewable energy expansion by NTPC is expected to generate both direct and indirect employment during the construction and operations phases. It is also expected to create demand for local enterprises, MSMEs, and suppliers, and contribute to socio-economic development.
NTPC, the country's largest power utility, is a Central Public Sector Enterprise under the Ministry of Power. NGEL, a listed subsidiary of NTPC Group, is the primary vehicle for its renewable energy growth through both organic and inorganic routes.
The
Cabinet approval
grants NGEL the flexibility to invest beyond the earlier prescribed limits, with the aim of expediting green capacity development to meet national targets.
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