Page 49 - Policy Economic Report - July 2025

July 2025 POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

clusters in the initial phase. He also stressed the need for a supportive policy and financing framework to
empower MSMEs as key drivers of climate action.

In his special address, Shri A.K. Singh, Additional Chief Secretary (Energy), Government of Haryana,
emphasized the need to reduce dependence on fossil fuels, particularly coal-based power generation. He
urged MSMEs to actively participate in the ADEETIE scheme to address their energy efficiency needs and
transition toward cleaner, more sustainable energy solutions.

Shri Akash Tripathi, Additional Secretary & Director General, BEE, highlighted that the scheme will offer
both technical and financial handholding to MSMEs, backed by a budgetary outlay of ?1000 crore,
including ?875 crore for interest subvention, ?50 crore for energy audits, and ?75 crore for
implementation support. He stated that the scheme is expected to mobilize ?9000 crore in investments,
including ?6750 crore of prospective lending from MSMEs. Emphasizing the importance of
competitiveness, he noted that as India focuses on export-oriented industries, energy efficiency must be
central to that growth - both to enhance productivity and reduce emissions.

The event was also attended by Shri Krishna Lal Panwar, Cabinet Minister of Panchayats & Development,
and Mines & Geology, Government of Haryana, and Smt. Priyanka Soni, Director, Department of New &
Renewable Energy, Government of Haryana. The event also witnessed the distribution of appreciation
certificates to MSME units for their early participation and DPR approval, and signing of MoUs with major
industrial associations. In addition, two MSME representatives shared testimonials about their experience
with energy audits and technology adoption, showcasing early success stories under the pilot phase.

The launch concluded with a Vote of Thanks by BEE. The ADEETIE roll-out stands as a milestone initiative
under India’s energy efficiency mission, empowering MSMEs to adopt cleaner technologies, enhance
productivity, and contribute to a greener industrial ecosystem.

Cabinet approved enhanced delegation of power to NTPC Ltd for investing in NTPC Renewable Energy
Ltd. and its other JVs/ subsidiaries to set up Renewable Energy Capacity

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi, has
granted enhanced delegation of power to NTPC Limited from the extant guidelines of delegation of power
to Maharatna CPSEs for making investment in NTPC Green Energy Limited (NGEL), a Subsidiary Company
and subsequently, NGEL investing in NTPC Renewable Energy Limited (NREL) and its other JVs/ subsidiaries
beyond earlier approved prescribed limit of Rs.7,500 crore upto an amount of Rs.20,000 crore for
Renewable Energy (RE) capacity addition to achieve 60 GW Renewable Energy Capacity by 2032.

The enhanced delegation given to NTPC and NGEL will facilitate accelerated development of renewable
projects in the country. This move will also play a vital role in strengthening power infrastructure and
ensuring investment in providing reliable, round-the-clock electricity access across the nation.

Renewable Energy projects will also generate direct and indirect employment opportunities to the local
people at construction stage as well as during O&M Stage. This shall provide boost to local suppliers, local
enterprises/ MSMEs and shall encourage the entrepreneurship opportunities within the country besides
promoting employment and socio-economic development of the country.

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