IANS | 17 Mar, 2023
The Cabinet Committee on Economic Affairs (CCEA) on Friday granted
exemption to NTPC Ltd for making investment in NTPC Green Energy Ltd
(NGEL), it's wholly-owned subsidiary.
The CCEA also
exempted NGEL's investment in NTPC Renewable Energy Ltd (NREL) and its
other joint ventures and subsidiaries, subject to a ceiling of 15 per
cent of its net worth beyond the monetary ceiling of Rs 5,000 crore to
Rs 7,500 crore, towards achieving a target of 60 GW renewable energy
(RE) capacity by NTPC Ltd, official sources said.
The exemption given to NTPC will help in improving India's global image as a green economy.
It
will also decrease India's dependency on conventional sources of energy
by diversifying India's energy generation and will also decrease the
country's coal import bills.
