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 Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..