Cabinet Ups NTPC, NLCIL Green Investment Limit

The government has granted enhanced financial autonomy to NTPC Limited and NLC India Limited (NLCIL), two major central public sector enterprises (CPSEs) to give a boost to renewable energy projects in the country.

- ENS ECONOMIC BUREAU @ New Delhi

The Cabinet on Wednesday approved relaxation of existing investment guidelines to allow NTPC to increase its investment in NTPC Green Energy Limited (NGEL), a wholly owned subsidiary. This move raises the previous investment ceiling from ₹7,500 crore to ₹20,000 crore. The decision is aimed at facilitating NTPC's goal of achieving 60 GW of renewable energy capacity by 2032. It is expected to expedite the development of renewable projects, reinforce the national power infrastructure, and help ensure reliable, round-the-clock electricity supply across the country.