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NTPC, NEGL Get Approval for Rs 200 billion Renewable Energy Investment

The Cabinet Committee on Economic Affairs (CCEA) has approved an increase in the investment limit for NTPC Ltd, enhancing its ability to invest in renewable energy projects. The new limit allows NTPC to invest up to Rs 200 billion, a significant increase from the previous limit of Rs 75 billion.

This decision is part of the broader strategy to accelerate the development of renewable energy projects in India. NTPC aims to achieve a renewable energy capacity of 60 GW by 2032, aligning with the country's goal of 500 GW of non-fossil energy capacity by 2030.

NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, is at the forefront of this initiative. NGEL plans to expand its renewable energy portfolio through both organic and inorganic growth, leveraging partnerships with state governments and other public sector enterprises.

The enhanced investment capacity will support NGEL's projects, including those under its wholly-owned subsidiary, NTPC Renewable Energy Ltd (NREL). NGEL currently manages a renewable energy portfolio of approximately 32 GW, including 6 GW of operational capacity and a pipeline of 9 GW.

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