The Centre, along with state-run power entities National Thermal Power Corporation Limited (NTPC), Rural Electrification Corporation (REC) and Power Finance Corporation Limited (PFC), will soon launch a 2 billion dollar clean energy equity fund to support the government's ambitious target of adding 175 GW renewable energy generation capacity by 2022.<br/>A senior official said, New and Renewable Energy Ministry has already processed the proposal and sent it to the Finance Ministry to initiate a 2 billion dollar clean energy equity fund to push renewable energy capacity addition as envisaged by the central government.<br/><br/>Ahead of the Paris climate talks in November last year, Power, Coal, New and Renewable Energy Minister Piyush Goyal had said that the central government is planning a 1 billion dollar private equity fund for the renewable energy sector. "The government is also seeking to collect 4 billion dollar per year in the next 3-4 years for a clean energy fund," he had said.<br/><br/>The official further said, initial seed funding will be done by the central government to set up this fund from the National Investment and Infrastructure Fund.