NTPC receives govt approval to set up renewable energy unit

State-run power generation behemoth NTPC said on Friday that it has received the go-ahead from approval of the Department of Investment and Public Asset Management and Niti Aayog to set up a separate renewable energy unit.

The decision of setting up a subsidiary for renewable energy comes at a time when the company, by name and predominantly a thermal player, plans to increase the share of renewable energy in its generation portfolio.