NTPC, EDF India collaborate for PSP, hydro projects, to explore avenues in distribution
pumped hydro storage and hydro projects bundled with renewable energy projects, and explore opportunities in the distribution business. NTPC and EDF India have signed a non-binding term sheet to develop, own, operate and maintain pumped storage projects and any other hydro-power projects, a statement said.
Trump-Modi Meet
The mega MIGA, MAGA plans of India's Modi and US' Trump
Trump says India has more tariffs than others
Trump's 'golden rule' for imposing reciprocal tariffs
Under the agreement signed by the two entities on Sunday, NTPC and EDF propose to form a JVC with 50: 50 Partnership after requisite approval from the Government of India.
This JV company will undertake such projects on its own or may create JV and subsidiaries for undertaking such projects within India and neighbouring countries, the statement said. The JV will also develop hydro projects bundled with other Renewable Energy projects and explore opportunities in the distribution business…
NTPC Ltd is India's largest integrated power utility, contributing one-fourth of India's power requirements and has an installed capacity of over 77 GW. EDF India is owned by Electricite de France SA, a French multinational electric utility company owned by the Government of France
(You can now subscribe to our Economic Times WhatsApp channel)
Read more on economictimes.indiatimes.com
