CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: EDF India and NTPC Limited, a Maharatna company of India have signed a non-binding Term Sheet and collaborated to develop pumped storage project(s), potentially integrated with Renewable Energy projects.
Subsequent to the signing of the term sheet on 23rd February 2025, during Elecrama 2025, NTPC and EDF India propose to form a JVC with 50:50 Partnership after requisite approval from the Government of India.
This JVC will undertake such Project(s) on its own and / or may create JV and Subsidiaries (“Project SPV”) for undertaking such Project(s) within India. Considering their domain expertise and resources, both NTPC & EDF India are poised to contribute significantly to India’s renewable energy landscape, driving innovation and fostering environmental stewardship and will leverage its expertise for tailor made offers, drive the decarbonization and global performance of electrical systems.
About NTPC
NTPC is India’s largest integrated power company, dedicated to lighting every corner of the country and building a sustainable future for all. As a leader in the power sector NTPC is committed to generating efficient and affordable power, aiming to achieve 130 GW by 2032. Embrace a diverse fuel mix, integrating fossil fuels, gas, hydro, nuclear, and renewable sources to minimize carbon footprint.
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