The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has granted state-run power giant NTPC Limited approval to invest up to Rs 20,000 crore in its renewable energy ventures. 

This significant enhancement in investment authority, a substantial increase from the previous limit of Rs 7,500 crore, is set to accelerate NTPC's ambitious goal of achieving 60 gigawatts (GW) of renewable energy capacity by 2032.

The decision underscores the government's strategic vision to empower public sector undertakings (PSUs) to lead the charge in the nation's green energy transition. 

Union Minister for Information and Broadcasting, Ashwini Vaishnaw, highlighted that this enhanced financial delegation will primarily flow through NTPC's green energy subsidiaries: NTPC Green Energy Ltd (NGEL) and its wholly-owned arm, NTPC Renewable Energy Ltd (NREL), as well as their joint ventures and other subsidiaries.

"The enhanced delegation given to NTPC and NGEL will facilitate accelerated development of renewable projects in the country," an official statement emphasized. 

"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."