Latest news with #CCEA
Hans India
17-07-2025
- Business
- Hans India
Centre allows NTPC to invest up to `20k cr in renewable energy
New Delhi: The government on Wednesday permitted state-run NTPC to invest up to Rs20,000 crore for renewable energy capacity addition to achieve 60 GW capacity by 2032. I&B Minister Ashwini Vaishnaw shared details about the decision taken at the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. The CCEA has enhanced delegation of power to NTPC Ltd to invest in NTPC Green Energy Ltd (NGEL) and subsequently, NGEL investing in NTPC Renewable Energy Ltd (NREL) and its other JVs/subsidiaries up to Rs20,000 crore for Renewable Energy (RE) capacity addition to achieve 60 GW Renewable Energy Capacity by 2032. The earlier approved prescribed limit for NTPC was Rs 7,500 crore. The enhanced delegation given to NTPC and NGEL will facilitate accelerated development of renewable projects in the country, an official release said. The 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, it said.
Hans India
16-07-2025
- Business
- Hans India
Cabinet eases investment rules for NLCIL to fast-track green energy drive
New Delhi: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved a special exemption for NLC India Limited (NLCIL) from the prevailing investment guidelines applicable to Navratna Central Public Sector Enterprises. This strategic decision enables NLCIL to invest Rs.7,000 crore in its wholly-owned subsidiary, NLC India Renewables Limited (NIRL) and, in turn, NIRL investing in various projects directly or through formation of Joint Ventures, without the requirement of prior approval under the existing delegation of powers, according to an official statement issued after the CCEA meeting. This investment is further exempted from the 30 per cent net worth ceiling stipulated by the Department of Public Enterprises (DPE) for overall investment by Central public sector enterprises (CPSEs) in JVs and subsidiaries providing NLCIL and NIRL greater operational and financial flexibility, the statement explained. The exemptions aim to support NLCIL's ambitious target of developing 10.11 GW of Renewable Energy (RE) capacity by 2030 and expanding this to 32 GW by 2047. The approval aligns with India's commitments made during COP26 for transition toward a low-carbon economy and achieve sustainable development. The country has pledged to build 500 GW of non-fossil fuel energy capacity by 2030 as part of the 'Panchamrit' goals and its long-term commitment to achieve Net Zero emissions by 2070, the statement said. As a significant power utility and Navratna CPSE, NLCIL is playing a pivotal role in this transition. Through this investment, NLCIL seeks to substantially expand its renewable energy portfolio and contribute meaningfully to national and global climate action objectives. At present, NLCIL operates seven renewable energy assets with a total installed capacity of 2 GW, which are either operational or close to commercial operation. These assets will be transferred to NIRL pursuant to this Cabinet approval. NIRL, envisioned as the flagship platform for NLCIL's green energy initiatives, is actively exploring fresh opportunities across the renewable energy sector, including participation in competitive bidding for new projects. The approval is expected to reinforce India's position as a green energy leader by reducing dependence on fossil fuels, lowering coal import, and enhancing reliability of 24x7 power supply across the country. Beyond the environmental impact, this initiative is projected to generate significant employment—both direct and indirect—during the construction and operation phases, thereby benefiting local communities and supporting inclusive economic growth, the statement added.
NDTV
16-07-2025
- Business
- NDTV
Cabinet Eases Investment Rules For NLC India To Fast-Track Green Energy Drive
New Delhi: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved a special exemption for NLC India Limited (NLCIL) from the prevailing investment guidelines applicable to Navratna Central Public Sector Enterprises. This strategic decision enables NLCIL to invest Rs.7,000 crore in its wholly-owned subsidiary, NLC India Renewables Limited (NIRL) and, in turn, NIRL investing in various projects directly or through formation of Joint Ventures, without the requirement of prior approval under the existing delegation of powers, according to an official statement issued after the CCEA meeting. This investment is further exempted from the 30 per cent net worth ceiling stipulated by the Department of Public Enterprises (DPE) for overall investment by Central public sector enterprises (CPSEs) in JVs and subsidiaries providing NLCIL and NIRL greater operational and financial flexibility, the statement explained. The exemptions aim to support NLCIL's ambitious target of developing 10.11 GW of Renewable Energy (RE) capacity by 2030 and expanding this to 32 GW by 2047. The approval aligns with India's commitments made during COP26 for transition toward a low-carbon economy and achieve sustainable development. The country has pledged to build 500 GW of non-fossil fuel energy capacity by 2030 as part of the "Panchamrit" goals and its long-term commitment to achieve Net Zero emissions by 2070, the statement said. As a significant power utility and Navratna CPSE, NLCIL is playing a pivotal role in this transition. Through this investment, NLCIL seeks to substantially expand its renewable energy portfolio and contribute meaningfully to national and global climate action objectives. At present, NLCIL operates seven renewable energy assets with a total installed capacity of 2 GW, which are either operational or close to commercial operation. These assets will be transferred to NIRL pursuant to this Cabinet approval. NIRL, envisioned as the flagship platform for NLCIL's green energy initiatives, is actively exploring fresh opportunities across the renewable energy sector, including participation in competitive bidding for new projects. The approval is expected to reinforce India's position as a green energy leader by reducing dependence on fossil fuels, lowering coal import, and enhancing reliability of 24x7 power supply across the country. Beyond the environmental impact, this initiative is projected to generate significant employment-both direct and indirect-during the construction and operation phases, thereby benefiting local communities and supporting inclusive economic growth, the statement added.
Time of India
25-06-2025
- Business
- Time of India
Cabinet OKs revised Jharia Master Plan for fire-control, Pune Metro Phase-II
The CCEA has approved the revised Jharia Master Plan with ₹5,940.47 crore outlay to tackle underground fires and rehabilitate affected families in Jharia coalfields. The plan prioritizes fire control, land stabilization, and sustainable rehabilitation, including livelihood generation. Additionally, the cabinet approved the second phase of the Pune Metro Rail Project for ₹3,626. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the revised Jharia Master Plan (JMP) that will address issues of underground fires land subsidence , and the rehabilitation of affected families in Jharia coalfields in Dhanbad, revised plan involves a total outlay of ₹5,940.47 implementation will follow a phased approach, prioritising fire control, land stabilisation, and relocation efforts in the most vulnerable areas of the coalfield that has been burning for over a century, since 1916. The updated plan places a stronger focus on sustainable rehabilitation, with a key emphasis on livelihood generation for the displaced families, officials said."The first phase of current Jharia Master Plan is for three years," information and broadcasting minister Ashwini Vaishnaw told the original JMP 2009, active fire zones in the coalfield, spread across about 450 square km, shrunk significantly and the affected area has come down to about 1.8 sq km from about 17.32 sq km. The original first phase allocation was ₹7,112 crore, officials the new plan, the government will roll out targeted skill development programmes and create income-generating opportunities for rehabilitated legal and non-legal title holder families will receive a 'livelihood grant' of ₹1 lakh, along with credit support of up to ₹3 lakh through institutional lending resettlement sites will get infrastructure and amenities such as roads, electricity, drinking water supply, sewage systems, schools, hospitals and skill centres, among others. A Jharia Alternative Livelihoods Rehabilitation Fund will be created to promote employment-oriented activities, with skill-building cabinet on Wednesday also approved the second phase of the Pune Metro Rail Project for Rs 3,626.24 crore. It comprises two elevated corridors spanning 12.75 km with a total of 13 stations. The cost will be shared by the Centre, Maharashtra government and external agencies, an official statement project aims to strengthen East-West mass transit in Pune and is expected to be completed within four cabinet also gave its nod for setting up the South Asia regional centre of International Potato Centre (CIP) in Agra at an estimated cost of ₹111.5 crore.
Hans India
12-06-2025
- Business
- Hans India
CCEA green-flags railway projects worth Rs 6,405 cr
New Delhi: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved two multi-tracking projects across the Indian Railways network, entailing an investment of Rs. 6,405 crore. The first project relates to the doubling of the 133 km Koderma–Barkakana railway line, which passes through a major coal-producing area of Jharkhand. It also serves as the shortest and efficient rail link between Patna and Ranchi. The second project involves doubling of the 185 km Ballari–Chikjajur railway line, which traverses through Ballari and Chitradurga districts of Karnataka and Anantapur district of Andhra Pradesh. The two projects covering seven districts across the states of Jharkhand, Karnataka, and Andhra Pradesh will increase the existing network of Indian Railways by about 318 km and are expected to generate direct employment for about 108 lakh human-days during construction, the official statement said.
