NTPC Plans Rs 80,000 Cr Investments In TG's Renewable Energy Sector, CMD Meets CM Revanth

Hyderabad: Chief Minister A. Revanth Reddy on Saturday welcomed a proposal by the National Thermal Power Corporation (NTPC) to invest Rs 80,000 crore in wind and solar energy projects in the state. He said Telangana was committed to becoming a leader in green energy production and would extend all support to facilitate NTPC’s projects, including providing clearances and infrastructure support on priority.

The Chief Minister was speaking with a NTPC delegation led by its chairman and managing director Gurdeep Singh on Friday. Both sides agreed to form a joint working group to expedite project planning and implementation.

Highlighting the state’s potential in clean energy production, the NTPC team pointed out that Telangana had the capacity to generate around 6,700 MW of power through floating solar projects alone. Such projects could play a crucial role in meeting the state’s growing energy needs while supporting India’s national renewable energy targets.

Telangana’s recently released policy aims to add 20,000 MW of renewable energy and storage capacity additions by 2030. The state targets installing 30.54 gigawatts (GW) of renewable energy from solar, wind, energy storage, and distributed sources by FY 2030 and 47.06 GW by FY 2035. The state also plans to install 6,000 electric vehicle charging stations by FY 2030 and 12,000 EVCS by FY 2035.

The state currently generates 7,889 MW of solar energy, with the target for 2030 set at 19,874 MW. In wind energy, the state generates 128MW and hopes to achieve 4,330 MW in five years.

The discussions also touched upon the strategic advantages that Telangana offers for renewable energy investments, such as abundant sunlight, favourable wind conditions, and the availability of reservoirs suitable for floating solar installations.

Officials from the Chief Minister’s Office (CMO) and senior NTPC executives were present during the meeting. NTPC’s proposed projects would boost Telangana’s renewable energy capacity, and could create thousands of jobs, and contribute to the state’s long-term sustainable development goals, official sources said.

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on July 17, approved enhanced delegation of powers to NTPC Limited, allowing it to invest up to Rs 20,000 crore in its subsidiary NTPC Green Energy Limited (NGEL). This move exceeds the earlier approved limit of Rs 7,500 crore and enables NGEL to further invest in NTPC Renewable Energy Limited (NREL) and other joint ventures and subsidiaries.

The approval aims to accelerate renewable energy capacity addition, contributing to NTPC’s target of developing 60 GW of green energy by 2032. This aligns with India’s broader commitment to build 500 GW of non-fossil energy capacity by 2030 and achieve Net Zero emissions by 2070.

The enhanced investment freedom is expected to fast-track project implementation, improve power infrastructure, and ensure 24×7 reliable electricity access nationwide. It will also spur direct and indirect employment during both construction and operation phases, benefiting local enterprises, MSMEs, and encouraging entrepreneurship.

In November 2024, the NTPC Board approved investment proposals worth about ` 80,000 crore for thermal projects across the country totalling 6,400 MW. The board of directors has accorded investment approval for Telangana Super Thermal Power Project, Phase-II (3×800 MW) at an appraised current estimated cost of Rs 29,344.85 crore.