Coal news and updates

Cabinet okays enhanced investment by NTPC in RE arm

 Cabinet Committee on Economic Affairs has granted enhanced delegation of power to NTPC from the extant guidelines of delegation of power to Maharatna CPSEs for making investment in NTPC Green Energy Limited (NGEL) and subsequently, NGEL investing in NTPC Renewable Energy Limited (NREL) and its other JVs/ subsidiaries, according to an official release.

As per the enhanced delegation given to NTPC and NGEL, beyond earlier approved prescribed limit of Rs 7,500 crore up to an amount of Rs 20,000 crore for renewable energy (RE) capacity addition to achieve 60 GW Renewable Energy Capacity by 2032.

This 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.