Cabinet Approves ₹20,000 Crore Plan to Power NTPC’s Green Energy Ambitions – EQ
In Short : The Union Cabinet has approved a ₹20,000 crore investment plan for NTPC Ltd. to expand its renewable energy portfolio. The funds will be utilized through its subsidiaries and joint ventures to accelerate green energy projects across India. This move supports the nation’s clean energy goals and strengthens NTPC’s role in leading the energy transition.
In Detail : The Union Cabinet has approved a substantial ₹20,000 crore investment plan for NTPC Ltd. aimed at accelerating its renewable energy expansion. This move is part of the government’s broader strategy to transition towards a cleaner, more sustainable energy future.
NTPC will channel this investment through its subsidiaries and joint ventures, particularly NTPC Renewable Energy Ltd., to implement various green energy projects across the country. The focus will be on increasing solar, wind, and hybrid energy capacities.
This approval grants NTPC greater financial autonomy and flexibility, enabling it to make swift investment decisions in the fast-evolving renewable sector. It is expected to significantly boost the pace of clean energy project implementation.
The government sees NTPC’s expansion in renewables as critical to achieving India’s ambitious target of 500 GW non-fossil fuel capacity by 2030. The initiative also aligns with India’s commitments under international climate agreements like the Paris Accord.
Beyond environmental benefits, the investment is also expected to generate employment, create green infrastructure, and stimulate economic activity in the renewable energy value chain. It will also reduce dependency on fossil fuels and lower carbon emissions in the power sector.
With this push, NTPC continues to strengthen its position as a key player in India’s energy transition. The Cabinet’s support underscores the importance of enabling public sector enterprises to lead in the clean energy revolution.
