India’s Power PSUs Go Green: NTPC, PFC, REC to Invest Rs 1.5 Lakh Crore in Renewable Projects by 2027

New Delhi:
In a landmark shift toward clean energy, India’s top power sector PSUs — NTPC, Power Finance Corporation (PFC), and REC Ltd. — have announced a combined investment of over Rs 1.5 lakh crore to be deployed in renewable energy and green hydrogen projects by 2027.

The announcement comes amid the government’s aggressive push to meet its Net Zero by 2070 commitment and aligns with India’s updated National Electricity Plan (NEP). The investments will target solar parks, wind corridors, battery storage plants, and green hydrogen electrolysers across states like Gujarat, Rajasthan, Tamil Nadu, and Maharashtra.

NTPC, the country’s largest power generator, plans to expand its renewable portfolio to 60 GW by 2032, while PFC and REC will provide financing to state utilities and private developers adopting clean tech.

A senior ministry official stated, “The public sector is taking the lead in India's energy transition. These projects will also create over 3 lakh green jobs.”

The Ministry of Power is also drafting a special scheme to fast-track environmental clearance, land acquisition, and grid connectivity for PSU-led clean energy projects.

Industry observers say this aggressive push will not only decarbonize India’s power supply but also enhance the global ESG ratings of these PSUs, making them attractive to both investors and climate-conscious partners.

 Key Highlights:

•  Investment Size: Rs 1.5 lakh crore

•  Focus Areas: Solar, Wind, Battery, Green Hydrogen

•  Jobs Generated: 3+ lakh green jobs

•  Targets: 60 GW renewable capacity by 2032 (NTPC)

•  PSUs Involved: NTPC, PFC, REC Ltd.

•  Locations: Gujarat, Rajasthan, Tamil Nadu, Maharashtra