DVC inks JV agreement with NTPC for renewable energy projects
POWER & RENEWABLE ENERGY

DVC inks JV agreement with NTPC for renewable energy projects

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code