Govt Enhances Investment Limit Of NTPC To Rs 20,000 cr

New Delhi:On Wednesday, he cleaned the offer to increase the investment limit to the 20,000 RS National Thermal Power Corporation Limited (NTPC) and allowed Lignite Corp India Limited (NLCIL) to pump 7,000 CRORE in the green or renewable energy industry and increased the non -fosil -free fuel capacity option.

Thanks to this investment, renewable energy companies are expected to significantly expand their energy portfolios and significantly contribute to national and global climate action goals. “In order to increase non -fossil fuel capacity, NTPC can invest in up to 20,000 RS in NTPC Green Energy Limited (NGEL), while NLC India, operated by the state, will invest 7,000 RS in NİRL to increase its renewable energy capacity in the country.” He said.

In the press briefing, I & B Minister Ashwini Vaishnaw shared the details of the decision taken at the Cabinet Committee (CCEA), headed by Prime Minister Narendra Modi. “Beyond the environmental impact, this initiative is expected to create significant employment directly and indirectly during the construction and operation stages and thus will benefit from local communities and support inclusive economic growth.” He said.

The advanced power delegation will allow NTPC to achieve 60 GW renewable energy capacity by 2032. The current investment limit for the renewable energy of Maharatna Company is 7,500 RS. “India has achieved a turning point in the energy transition journey five years before the target, consisting of national contributions to the Paris Agreement – from non -fossil fuel resources to 50 percent of its established electrical capacity,” Vaishnaw said.

As for NTPC, the power company will invest in NGEL, the side organization. In addition, NGEL will invest in NTPC renewable energy limited (Nrel) and other JVs and subsidiaries. “The improved delegation to NTPC and NGEL will facilitate the accelerated development of renewable projects in the country.

India aims to reach non -500 GW fossil energy capacity by 2030. This movement will also play a vital role in strengthening the power infrastructure and providing a reliable, day -to -day electrical access investment. “He said.

NTPC, a central public sector enterprise (CBSE) and India’s leading energy service, aims to add 60 GW renewable energy capacity until 2032 to help the country reach its target and to progress towards the purpose of having a ‘net zero’ emission until 2070.