logo
Renewable energy push sees NTPC get nod to invest Rs 20,000 crore in green arms

Renewable energy push sees NTPC get nod to invest Rs 20,000 crore in green arms

Time of India17-07-2025
Representative image
NEW DELHI: In a big push for green energy, the Cabinet on Wednesday granted approval to state-run NTPC to invest up to Rs 20,000 crore in its green energy subsidiaries, a sharp rise from the earlier cap of Rs 7,500 crore.
It also allowed NLC India Ltd to invest Rs 7,000 crore in NLC India Renewables Ltd, its wholly owned subsidiary.
I&B minister Ashwini Vaishnaw said work is in progress to increase NTPC's green energy capacity from 6GW at present to 26GW, with the target for 2032 being 60GW. Wednesday's decisions will "facilitate accelerated development of renewable projects in the country," he added.
The relaxation in investment limit for NTPC will enable it to infuse capital into NTPC Green Energy Ltd, which, in turn, will support investments by NGEL in NTPC Renewable Energy and other JVs & subsidiaries for scaling up renewable energy capacity.
On X, home minister Amit Shah said: "Increasing investment limits of NTPC & NGEL in the sector to Rs 20,000 crore will speed up our journey towards achieving the goal of producing 60GW green energy by 2032.... On the other hand, special exemption to NLC India Ltd will enable it to invest Rs 7,000 crore in green energy, standing out as our firm commitment to creating a greener Bharat and healthier planet."
Vaishnaw said India has achieved a key milestone by ensuring that non-fossil fuel sources account for 50% of its installed electricity capacity, which was achieved five years ahead of its Nationally Determined Contributions target under Paris Agreement.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Beyond Text Generation: An AI Tool That Helps You Write Better
Grammarly
Install Now
Undo
The target now is to increase non-fossil fuel generation capacity to 500 GW by 2030 and achieve net zero emissions by 2070.
On the decision for NLCIL, the government said it would enable the government-owned entity to invest Rs 7,000 crore in NIRL and lead to NIRL investing in various projects directly or through formation of joint ventures, without the requirement of prior approval under the existing delegation of powers.
The decision is expected to reinforce India's position as a green energy leader by reducing dependence on fossil fuels, lowering coal imports and enhancing reliability of 24x7 power supply across country.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Officials: UPSIDA purifying waste water at treatment plants for reuse
Officials: UPSIDA purifying waste water at treatment plants for reuse

Indian Express

time13 minutes ago

  • Indian Express

Officials: UPSIDA purifying waste water at treatment plants for reuse

The Uttar Pradesh State Industrial Development Authority (UPSIDA), through sewage treatment plants (STPs), waste water treatment plants, and common effluent treatment plants, is purifying and reusing wastewater keeping in mind environmental protection and industrial efficiency, officials said. The Surajpur waste water treatment plant (Gautam Budh Nagar) is being upgraded to SBR technology with a capacity of 6 MLD at a cost of Rs 899 lakh, targeted for completion by June 2026. The EPIP Kasna waste water treatment plant (3.6 MLD) is being upgraded with SBR technology at a cost of Rs 678.59 lakh. The Loni STP in Ghaziabad, based on MBBR technology, is operating at full capacity (5 MLD). Meanwhile, the Loni common effluent treatment plant dedicated to dyeing and textile waste is set for a major upgrade—from 6 MLD to 16 MLD—with a Rs 42 crore DPR already prepared. UPSIDA is integrating solar energy solutions into water purification plants and industrial areas. Rooftop solar panels are being installed at plant sites, leading to a significant reduction in energy costs and carbon emissions.

Lokesh urges NRIs to be partner in AP's development
Lokesh urges NRIs to be partner in AP's development

Time of India

time27 minutes ago

  • Time of India

Lokesh urges NRIs to be partner in AP's development

1 2 Vijayawada: HRD and IT minister Nara Lokesh called upon the Singapore-based Telugu diaspora to promote investment opportunities in Andhra Pradesh. He described Non-Resident Indians (NRIs) as Most-Reliable Indians (MRIs) as their role in the development of the homeland is significant. Speaking at the Telugu diaspora meeting organised by APNRT in Singapore on Sunday, Minister Lokesh emphasised that foreign investments are crucial to India's economy. He said that India received a total of Rs 6.73 lakh crore in foreign direct investments during the 2024-25 fiscal year, with approximately Rs 1.24 lakh crore coming from Singapore. He said that this accounts for 19% of the total FDI. "The global trust in Chandrababu Naidu is our investment. CBN (Chandrababu Naidu) is our brand. Let's promote the opportunities in our state to attract investments," Lokesh urged. Lokesh lauded the Telugu community's influence abroad, stating that NRIs are India's brand ambassadors. He urged all NRIs to partner in the state's development. "If a significant portion of the investments come to Andhra Pradesh, our state will become another Singapore," said Lokesh. He also praised the Telugu people for their resilience and support during challenging times, including the recent Pahalgam attack where a state soldier was martyred. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Live Comfortably: 60m2 prefabricated bungalow for the elderly in Esperanza Pre Fabricated Homes | Search Ads Search Now Undo Reflecting on the legacy of Lee Kuan Yew, Lokesh remarked, "One of my favourite and inspiring leaders is Lee Kuan Yew, who transformed a small fishing village into a global economic powerhouse during his 31 years as Prime Minister." He encouraged NRIs to leverage their expertise and invest in Andhra Pradesh's burgeoning sectors, highlighting the state's extensive coastline, infrastructure, and emerging Quantum Valley as key attractions. Lokesh outlined the state's commitment to creating 20 lakh jobs through new industrial policies and skill development programmes aimed at harnessing global opportunities. "We are implementing new industrial policies, taking Singapore as a role model for the speed of doing business. Our Andhra Pradesh state has immense resources," he added. The minister also announced the launch of APNRT 2.0, aimed at providing enhanced support to NRIs. He called for collective efforts to achieve a healthy, prosperous, and happy Andhra Pradesh, reinforcing the vision of a double-engine govt working under the leadership of Narendra Modi at the centre and Chandrababu Naidu in the state.

Uttar Pradesh secures ₹12,031 crore under PMAY-Urban 2.0
Uttar Pradesh secures ₹12,031 crore under PMAY-Urban 2.0

Time of India

timean hour ago

  • Time of India

Uttar Pradesh secures ₹12,031 crore under PMAY-Urban 2.0

LUCKNOW: In a major push towards ' Housing for All ', the Uttar Pradesh government has secured financial approval of Rs 12,031 crore under the Pradhan Mantri Awas Yojana (Urban) Mission 2.0 to provide pucca houses to the urban poor, according to a statement released on Saturday. Chief Minister Yogi Adityanath has directed officials to ensure transparency and quality in construction, the statement said. Following this, geo-tagging and photographic documentation of each house will be mandatory under PMAY (Urban), enabling real-time monitoring at every stage of construction. All houses will also be equipped with disaster-resilient features to safeguard against earthquakes, floods, and other calamities, making safety an integral component of the scheme, it said. The cost of construction under the scheme is being shared between the Centre and the state government in a 60:40 ratio. Each eligible beneficiary will receive Rs 2.5 lakh in assistance to build a permanent (pucca) house. Launched on September 1, 2024, the PMAY (Urban) Mission 2.0 aims to ensure pucca houses for all families by the set deadline. The scheme is being closely monitored by officials at both the state and district levels to guarantee timely and quality construction. The initiative not only provides social security to the urban poor but also promotes integrated urban development across Uttar Pradesh, the statement added.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store