Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

NTPC and EDF India Announce Strategic Partnership to Develop Pump Storage Projects in India

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... NTPC and EDF India Announce Strategic Partnership to Develop Pump Storage Projects in India
PTI News
Dated:- 27-2-2025
PTI
New Delhi, Delhi, India (NewsVoir) EDF India and NTPC Limited, a Maharatna company of India have signed a non-binding Term Sheet and collaborated to develop pumped storage project(s), potentially integrated with Renewable Energy projects. Subsequent to the signin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... g of the term sheet on 23rd February 2025, during Elecrama 2025, NTPC and EDF India propose to form a JVC with 50:50 Partnership after requisite approval from the Government of India. This JVC will undertake such Project(s) on its own and / or may create JV and Subsidiaries (“Project SPV”) for undertaking such Project(s) within India. Considering their domain expertise and resources, both NTPC & .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... EDF India are poised to contribute significantly to India's renewable energy landscape, driving innovation and fostering environmental stewardship and will leverage its expertise for tailor made offers, drive the decarbonization and global performance of electrical systems. About NTPC NTPC is India’s largest integrated power company, dedicated to lighting every corner of the country and buildin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... g a sustainable future for all. As a leader in the power sector NTPC is committed to generating efficient and affordable power, aiming to achieve 130 GW by 2032. Embrace a diverse fuel mix, integrating fossil fuels, gas, hydro, nuclear, and renewable sources to minimize carbon footprint. About EDF The EDF Group is a key player in the energy transition, as an integrated energy operator engaged in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... all aspects of the energy business: power generation, distribution, trading, energy sales and energy services. The Group is a world leader in low-carbon energy, with a low carbon output of 490TWh (1), and a diverse generation mix based mainly on nuclear and renewable energy (including hydropower). It is also investing in new technologies to support the energy transition. EDF’s raison d’etre is to .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group supplies energy and services to approximately 41.5 million customers (2) and generated consolidated sales of €118.7 bn in 2024. (1) See EDF’s 2023 URD sections 1.2.3, 1.3.2 and 3.1 (2) The customer portfolio consists of electrici .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ty, gas and recurring services contracts. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates