NTPC Green Energy Limited has informed the Exchange about Cabinet approves enhanced delegation of power to NTPC Limited for investing in NTPC Green Energy Limited, a subsidiary Company, for Renewable Energy Capacity addition - Press Release
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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), raising the investment cap from Rs. 7,500 crore to up to Rs. 20,000 crore. This funding will flow through NGEL into NTPC Renewable Energy Limited (NREL) and other JVs/subsidiaries to support the target of 60 GW of renewable energy capacity by 2032. NGEL currently has a portfolio of approximately 32 GW, including 6 GW operational, 17 GW contracted/awarded, and 9 GW in the pipeline. India has already reached 50% of its installed electricity capacity from non-fossil sources, five years ahead of its Paris Agreement target, and aims for 500 GW of non-fossil energy by 2030.
This is a positive development for NGEL shareholders, as it provides a clear and significantly larger funding pathway from its parent NTPC to accelerate renewable energy project execution. The enhanced capital access supports the company's growth pipeline and aligns with India's broader clean energy transition goals, potentially driving long-term revenue and capacity expansion.