NTPC Limited ( (IN:NTPC) ) just unveiled an update.
NTPC Limited and EDF India Private Limited have signed a non-binding Term Sheet to collaborate on developing, owning, operating, and maintaining pumped storage and hydro power projects, along with exploring renewable energy and distribution opportunities. This collaboration aims to form a joint venture company with a 50:50 partnership, subject to government approval, which will focus on projects within India and neighboring countries, leveraging both companies’ expertise to contribute significantly to India’s renewable energy landscape and drive decarbonization and environmental stewardship.
More about NTPC Limited
NTPC Limited is India’s largest integrated power utility, providing one-fourth of the country’s power needs. With an installed capacity of over 77 GW and an additional 29.5 GW under construction, including 9.6 GW from renewable sources, NTPC is committed to reaching 60 GW of renewable capacity by 2032. The company operates a diverse portfolio of thermal, hydro, solar, and wind power plants, emphasizing the delivery of reliable, affordable, and sustainable electricity, alongside a commitment to clean energy technologies.
YTD Price Performance: -1.53%
Average Trading Volume: 458,252
Current Market Cap: 3160.6B INR
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