Stories
NTPC, EDF Form Joint Venture for Low-Carbon Energy Projects in India and Beyond
- •NTPC Limited and EDF Power Solutions India Private Limited have formed a 50:50 joint venture to develop and operate low-carbon energy infrastructure.
- •The partnership will focus on pumped storage assets, hydroelectric installations, other renewable energy facilities, and electricity distribution operations.
- •The newly formed entity is mandated to execute power projects within India and in neighboring nations.
- •The agreement aligns with India's energy transition targets, supporting the government's goal of 100 gigawatts of installed pumped storage capacity by 2036.
- •Both companies will combine technical and operational resources to drive decarbonization and contribute significantly to India's renewable energy market.
Key Questions Answered
NTPC Limited and EDF Power Solutions India Private Limited formed a 50:50 joint venture pact on September 25 to develop, own, and operate low-carbon energy infrastructure including pumped storage assets, hydroelectric installations, renewable energy facilities, and electricity distribution operations.
The strategic partnership aligns its project pipeline with India's long-term energy transition goals, specifically supporting the government target of reaching 100 gigawatts of installed pumped storage capacity by the year 2036.
NTPC Limited signed a non-binding Memorandum of Understanding with Electricite de France to explore cooperation in developing new nuclear power projects in India, including evaluating EDF's EPR technology and assessing feasibility and collaboration approaches.
