Deals & Growth
Mint26 Sept 2026, 1:10 pm IST
NTPC and EDF Power form joint venture for low-carbon energy projects
What happened
- NTPC and EDF Power Solutions India have created a 50:50 joint venture.
- The partnership will develop and operate renewable energy, hydroelectric, and pumped storage projects.
- The new entity will work on power projects in India and neighboring countries.
Key terms explained
Financial terms from this story, in everyday words.
- joint venture
- a business arrangement where two companies pool resources to accomplish a specific task
- pumped storage
- a way to store energy by moving water between two reservoirs at different heights
- low-carbon energy
- energy sources that produce little to no greenhouse gas emissions during operation
Original source
Mint
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