Government Boosts Renewable Energy Investment: NTPC to Add 60 GW by 2032

In a significant move to bolster renewable energy, the Indian government has approved NTPC's investment of Rs 20,000 crore aimed at achieving a capacity of 60 GW by 2032. This decision, revealed by I&B Minister Ashwini Vaishnaw, enhances NTPC's financial authority and is expected to accelerate the development of renewable projects across the nation. The initiative is set to strengthen the power infrastructure and ensure reliable electricity access for all citizens. Discover more about this pivotal investment and its implications for India's energy future.
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Government Boosts Renewable Energy Investment: NTPC to Add 60 GW by 2032

Significant Investment in Renewable Energy


New Delhi: On Wednesday, the government authorized NTPC, a state-owned enterprise, to allocate up to Rs 20,000 crore for expanding its renewable energy capacity, aiming for a total of 60 GW by the year 2032.


Information and Broadcasting Minister Ashwini Vaishnaw disclosed this decision, which was made during a meeting of the Cabinet Committee on Economic Affairs (CCEA) led by Prime Minister Narendra Modi.


The CCEA has increased the financial authority granted to NTPC Ltd, allowing it to invest in NTPC Green Energy Ltd (NGEL), which will in turn invest in NTPC Renewable Energy Ltd (NREL) and its various joint ventures and subsidiaries, with a total investment limit of Rs 20,000 crore for renewable energy capacity expansion.


Previously, NTPC's investment cap was set at Rs 7,500 crore.


This expanded authority for NTPC and NGEL is expected to expedite the development of renewable energy projects throughout the country, according to an official statement.


This initiative is also anticipated to significantly enhance the power infrastructure and ensure consistent electricity access across the nation.


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