Deals & Growth
The Economic Times26 Sept 2026, 2:34 pm IST
NTPC and EDF form joint venture for renewable energy projects
What happened
- NTPC and EDF Power Solutions India have created a joint venture to work on renewable energy projects.
- The partnership will focus on pumped storage, hydropower, and distribution projects in India and nearby countries.
- Both companies will own an equal 50% share in the new business.
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 type of hydroelectric energy storage that uses two water reservoirs at different heights to generate electricity
- renewable energy
- energy from sources that do not run out, such as wind, sun, or water
Original source
The Economic Times
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