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New Delhi: In a major push to renewables, the Government of India on July 16, 2025 accorded delegation powers to the two significant power sector PSUs, viz., NTPC Limited and NLC India Limited. The move is expected to generate and increase the renewable power capacity in India.
NTPC is set to invest Rs 20000 crore for its green energy pursuits. The said investment is expected to boost its renewable energy portfolio to achieve its target of 60 GW capacity by 2032. Prime Minister Narendra Modi chaired the Cabinet Committee on Economic Affairs, where he delegated the power, permitting NTPC to invest more than the earlier mandated investment of Rs 7500 crore.
Information and Broadcasting Minister Ashwini Vaishnaw shared the details about the decision taken at the CCEA meeting chaired by PM Modi on Wednesday, 16th July 2025.
He said CCEA has delegated the power to NTPC Limited to invest in its green energy arm, NTPC Green Energy Limited (NGEL), which will further invest in NTPC Renewable Energy Limited (NREL) and its other JVs and subsidiaries up to Rs 20000 crore for the addition of capacity of the renewable energy portfolio of the company. The company intends to achieve 60 GW renewable energy capacity by the year 2032.
"The enhanced delegation given to NTPC and NGEL will facilitate accelerated development of renewable projects in the country. This move will also play a vital role in strengthening power infrastructure and ensuring investment in providing reliable, round-the-clock electricity access across the nation," said an official release.
The move is set to play a crucial role in quantifying power infrastructure in the country while simultaneously ensuring reliable and round-the-clock electricity supply, said the statement
On the other hand, the Cabinet Committee on Economic Affairs (CCEA) has given an investment approval to NLC India Limited (NLCIL). The special privilege is accorded to the Navratna CPSE for an investment worth Rs 7000 crore for pursuing its renewable energy pursuits. Post the approval, NLCIL is set to invest the said amount in its renewable energy arm NIRL (NLC India Renewables Limited). NIRL will further invest in various renewable projects through its JVs without the need for further approval provided under the current delegational powers
NLCIL intends to achieve 10.11 GW of renewable energy capacity by the year 2030 and wishes to further expand this target to 32 GW by 2047. The approval was given to the company considering the commitment India made at CoP26 to achieve sustainable development. The country has pledged to add 500 GW of non-fossil fuel energy by 2030.
The Navratna CPSE operates seven renewable facilities with a total installed capacity of 2 GW. Pursuant to approval, these facilities are set to be transferred to NIRL. NIRL is the renewable arm of NLCIL and is currently leading the renewable energy pursuits of the company.
The approval aims to reinforce India's position as a green energy leader by reducing reliance on fossil fuels while simultaneously lowering coal imports.
The initiative is expected to produce significant employment opportunities in both the direct and indirect realms, thereby benefiting local communities and supporting economic growth.
