India's state-run power utility NTPC Limited and EDF Power Solutions India, a subsidiary of French energy firm EDF, have signed a 50:50 joint venture agreement to develop, own, and operate low-carbon energy infrastructure. The partnership will focus on pumped storage assets, hydroelectric plants, other renewable facilities, and electricity distribution operations, with projects planned both domestically and in neighboring countries. The agreement was formally executed on September 25, with NTPC's Chairman Gurdeep Singh and EDF's CEO Bernard Fontana present. The move aligns with India's push to expand clean energy capacity and improve grid flexibility, especially through pumped storage to support variable renewables. Details on specific projects, investment amounts, and timelines were not disclosed in the initial announcement.
