Economy
NTPC and EDF Sign Joint Venture Agreement for Renewable Energy Projects
The Hindu7h
THE BRIEF
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State-owned NTPC and EDF Power Solutions India signed a 50:50 joint venture agreement on September 25 to develop and operate renewable energy projects in India and neighbouring countries.
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The partnership aims to build low-carbon power plants, pumped storage projects, hydropower developments, and transmission assets.
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The collaboration supports India's target of achieving 100 gigawatts of installed pumped storage capacity by 2036.