NTPC Partners with French Utility for PSPs & Renewable Ventures
POWER & RENEWABLE ENERGY

NTPC Partners with French Utility for PSPs & Renewable Ventures

NTPC, a state-owned power utility, has signed a non-binding Term Sheet with EDF India to jointly develop, own, operate, and maintain pumped storage projects (PSPs). The partnership extends to hydro projects integrated with other renewable energy installations and potential opportunities in the distribution sector.

EDF India is a subsidiary of Électricité de France, a multinational electric utility owned by the French government. Under the agreement, NTPC and EDF will establish a joint venture company (JVC) with equal ownership, pending necessary approvals from the Government of India. The JVC will independently undertake projects and may also create joint ventures or subsidiaries to execute projects within India and neighbouring countries.

Leveraging their expertise and resources, NTPC and EDF aim to contribute significantly to India’s renewable energy sector. The collaboration is expected to drive innovation, enhance decarbonisation efforts, and improve the overall efficiency of electrical systems.

NTPC, designated as a Maharatna company, is India's largest integrated power utility, supplying approximately one-fourth of the country’s electricity needs. The company has an installed capacity of over 77 gigawatts (GW), with an additional 29.5 GW under construction, including 9.6 GW of renewable energy capacity. It has set a target of achieving 60 GW of renewable energy capacity by 2032. With a diversified portfolio spanning thermal, hydro, solar, and wind power, NTPC remains committed to ensuring reliable, affordable, and sustainable electricity for India’s growing energy demands.

News source: Businessline

NTPC, a state-owned power utility, has signed a non-binding Term Sheet with EDF India to jointly develop, own, operate, and maintain pumped storage projects (PSPs). The partnership extends to hydro projects integrated with other renewable energy installations and potential opportunities in the distribution sector. EDF India is a subsidiary of Électricité de France, a multinational electric utility owned by the French government. Under the agreement, NTPC and EDF will establish a joint venture company (JVC) with equal ownership, pending necessary approvals from the Government of India. The JVC will independently undertake projects and may also create joint ventures or subsidiaries to execute projects within India and neighbouring countries. Leveraging their expertise and resources, NTPC and EDF aim to contribute significantly to India’s renewable energy sector. The collaboration is expected to drive innovation, enhance decarbonisation efforts, and improve the overall efficiency of electrical systems. NTPC, designated as a Maharatna company, is India's largest integrated power utility, supplying approximately one-fourth of the country’s electricity needs. The company has an installed capacity of over 77 gigawatts (GW), with an additional 29.5 GW under construction, including 9.6 GW of renewable energy capacity. It has set a target of achieving 60 GW of renewable energy capacity by 2032. With a diversified portfolio spanning thermal, hydro, solar, and wind power, NTPC remains committed to ensuring reliable, affordable, and sustainable electricity for India’s growing energy demands. News source: Businessline

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?