Deals & Growth
NewsData.io26 Sept 2026, 4:39 am ISTDelayed
NTPC and EDF form joint venture for energy projects
What happened
- NTPC and EDF signed a 50:50 joint venture agreement.
- The venture will develop low-carbon energy projects like pumped storage and hydropower.
Key terms explained
Financial terms from this story, in everyday words.
- Joint venture
- A business arrangement where two or more parties agree to pool their resources for a specific task.
- Pumped storage
- A method of storing energy by moving water between reservoirs at different elevations.
Original source
NewsData.io
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