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Deal▲ Bullish for NTPC
NTPC and EDF form 50:50 JV for low-carbon energy projects in India
The brief
- NTPC and EDF Power Solutions India established a joint venture to develop renewable energy projects
- The JV will target pumped storage, hydroelectric and other renewable projects
- The agreement was signed on September 25
- The partnership adds project opportunities for NTPC and supports growth in India’s renewable and storage sectors
- France seeks bigger role in India’s nuclear push with European reactor localisation
- India and EDF discuss EPR reactor deployment and pumped hydro projects