NTPC forms joint venture to enhance renewable energy capacity
after close1 source ↓written by the desknot a recommendation
- with EDF Power
- 50:50 joint venture
NTPC Limited approved a 50:50 joint venture with EDF Power Solutions India to develop Pumped Storage Plants (PSPs) aimed at bolstering India's renewable energy infrastructure. Additionally, a wholly-owned subsidiary will be established in Mauritius to focus on Floating Solar Projects. This strategic expansion is expected to enhance NTPC's international presence and support grid stability.
Not investment advice. For informational purposes only.