NTPC Limited and EDF India have entered into a non-binding agreement to collaborate on developing pumped storage projects, potentially integrated with renewable energy initiatives. This partnership, signed on February 23, 2025, during Elecrama 2025, paves the way for both companies to jointly establish a 50:50 joint venture company (JVC), pending necessary approvals from the Indian government.
The proposed JVC will manage and undertake pumped storage projects, either directly or by forming additional joint ventures and subsidiaries for specific project execution within India. Both NTPC and EDF India bring extensive expertise and resources to this collaboration, aiming to enhance India’s renewable energy capacity, promote environmental sustainability, and advance innovation in the energy sector.
NTPC, India’s largest integrated power company, is focused on providing affordable and efficient energy while contributing to the nation’s transition towards a sustainable future. The company plans to reach 130 GW of capacity by 2032, incorporating a balanced energy mix that includes fossil fuels, gas, hydro, nuclear, and renewable sources to reduce its carbon footprint.
EDF Group, a global leader in low-carbon energy, is committed to the energy transition through its wide-ranging activities in power generation, distribution, energy services, and sales. With a substantial portion of its generation based on nuclear and renewable sources, EDF is at the forefront of driving the shift to net-zero energy solutions.
The company, which serves 41.5 million customers and posted consolidated sales of €118.7 billion in 2024, continues to invest in new technologies to support the global energy transformation. This partnership between NTPC and EDF India is a significant step forward in the nation’s renewable energy journey, offering a strategic approach to achieving a more sustainable and decarbonized power system.
