In a major push for clean energy, the government allowed two central public sector enterprises to invest up to ₹270 billion (~$3.14 billion) in their renewable energy subsidiaries. The decision by the Cabinet Committee on Economic Affairs (CCEA) is expected to facilitate the acceleration of India’s renewable energy project development and ensure investments in reliable, round-the-clock electricity across the country. The CCEA authorized NTPC to invest up to ₹200 billion (~$2.32 billion) in its renewable energy subsidiaries, NTPC Green Energy and NTPC Renewable Energy, as well as other joint ventures. The earlier investment cap was ₹75 billion (~$873.38 million).