State-run NTPC and EDF Power Solutions have signed a 50:50 joint venture agreement to develop low-carbon energy projects across India and neighboring countries. The JV will focus on pumped storage, hydroelectric plants, other renewable energy facilities, and electricity distribution operations, aiming to support India's target of 100 GW of installed pumped storage capacity by 2036. Both companies plan to combine technical and operational resources to deliver flexibility solutions and transmission assets. The partnership aligns with India's long-term energy transition goals and is expected to contribute regular additions to renewable capacity. No specific project pipeline or investment figures were disclosed in the announcement.
