DVC inks JV agreement with NTPC for renewable energy projects

01 Apr 2022 CW Team

Damodar Valley Corporation (DVC) announced on Wednesday that it has inked a joint venture (JV) agreement for renewable energy projects in its command area with NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Limited.

DVC will own 49% of the JV company, while NTPC Renewable will own 51%. The JV will implement renewable energy parks and projects, including those approved under the Ultra Mega Renewable Energy Power Parks Plan and the Central Public Sector Undertaking (CPSU) scheme.

According to the media, this JV will work on projects with a GW scale.

The JV with NTPC was unrelated to a memorandum of understanding (MoU) signed by DVC with another state-owned business, Satluj Jal Vidyut Nigam (SJVN) Limited, to harness potential solar energy of roughly 2000 MW in the DVC Command Area.

Damodar Valley Corporation is an Indian government agency that operates in the Damodar River basin in the Indian states of West Bengal and Jharkhand. Under the Ministry of Power of the Government of India, the corporation operates both thermal and hydel power plants.

NTPC Limited is an Indian statutory corporation. It was involved in the generation of power as well as other related operations. It is a statutory corporation that was established under the Companies Act of 1956 and is owned by the Ministry of Power of the Government of India. The company's headquarters are located in New Delhi. The generation and distribution of power to India's State Electricity Boards is the fundamental role of NTPC.

Image Source

Also read: DVC invites bids for 12 MW solar project in Jharkhand

Infrastructure Transport

29 Oct 2025

Railways approves major upgrade for Telangana traction lines

The Ministry of Railways has approved the upgradation of the electric traction system in two crucial railway sections — Medchal–Mudkhed (225 km) and Mahbubnagar–Dhone (184 km). The projects, costing Rs 1.93 billion and Rs 1.23 billion respectively, will enhance the electric traction capacity from 1X25 KV to 2X25 KV. The work includes modifications to circuit breakers and switching stations, along with the installation of additional conductors. These routes serve as vital links between Northern and Southern India via Hyderabad. Once completed, the upgraded system will reduce voltage dro..

Adani to invest Rs 425 billion more in Maharashtra’s Dighi Port

The Adani Group has committed to invest an additional Rs 425 billion in the Dighi Port project, located along Maharashtra’s coastal Konkan belt, government officials announced on Monday. Adani Ports and Special Economic Zone (APSEZ)-run Dighi Ports signed a memorandum of understanding (MoU) with the Maharashtra government to undertake the expansion of the port and related infrastructure. This new commitment comes as part of a broader investment initiative by the state. Chief Minister Devendra Fadnavis said the agreement is among 15 MoUs worth over Rs 560 billion signed during the opening d..

HUDCO, JNPA sign Rs 50 billion deal for port development

In a strategic move, the Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) for an investment of Rs 50 billion to revamp and develop port infrastructure. The non-binding agreement is intended to strengthen cooperation on both existing and upcoming infrastructure projects, with a focus on development, financing, and refinancing of port facilities at the Jawaharlal Nehru Port. The MoU was formalised with the signatures of Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and Unmesh Shar..