0.10 (0.03%) NTPC has received approval from Cabinet Committee on Economic Affairs to invest up to Rs 20000 crore in NTPC Green Energy (NGEL), a subsidiary company and subsequently, NGEL investing in NTPC Renewable Energy (NREL) and its other Joint Ventures/ subsidiaries for Renewable Energy (RE) capacity addition to achieve 60 GW Renewable Energy Capacity by 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.
NTPC is the flagship company of the NTPC Group. It is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.