India, July 16 -- The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi, has granted enhanced delegation of power to NTPC Limited from the extant guidelines of delegation of power to Maharatna CPSEs for making investment in NTPC Green Energy Limited (NGEL), a Subsidiary Company and subsequently, NGEL investing in NTPC Renewable Energy Limited (NREL) and its other JVs/ subsidiaries beyond earlier approved prescribed limit of Rs.7,500 crore upto an amount of Rs.20,000 crore 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...