NTPC, EDF Power form joint venture to develop low-carbon energy projects | Details here

State-run power utility National Thermal Power Corporation (NTPC) Limited and EDF Power Solutions India Private Limited, a wholly owned arm of the French power firm EDF, entered into a 50:50 joint venture to build and operate low-carbon energy infrastructure.According to a release, the agreement focuses on the development, ownership, and operation of pumped storage assets, hydroelectric installations, other renewable energy facilities, and electricity distribution operations.All you need to know about the dealThe newly created entity holds a mandate to execute…