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

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..