Google News-EN | Google News-KN | Telegram |
New Delhi: 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 NTPC Green Energy Ltd’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.
Read more:
NTPC pays interim dividend of over Rs 3,800 cr for FY22
NTPC RE Ltd signs PPAs for 325 MW Solar Projects
“Ambitious emissions targets will help Indian fossil fuel giants”
Google News-EN | Google News-KN | Telegram |
Azad Times.
Disclaimer: This story is auto-aggregated by a Syndicated Feed and has not been created or edited By Azad Times Staff.