NTPC and EDF collaborate to develop hydro and PSPs

NTPC Limited and EDF India Private Limited have signed a non-binding term sheet to collaborate on the development of pumped storage projects and hydro projects integrated with renewable energy initiatives. The partnership will also explore opportunities in the power distribution sector. As part of this collaboration, the two companies plan to establish a joint venture with equal ownership, subject to approval from the government of India. The joint venture will be responsible for executing hydro…