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EDF India Collaborates with CIL & NTPC for PSP and Renewable Energy Opportunities.

Economy Business | Dated: 27 Feb 2025

In February 2025, New Delhi (Delhi)-based EDF India Private Limited, a fully-owned subsidiary of France-based Électricité de France SA (EDF), signed the Non-Binding Shareholder Agreement (SHA) term sheet with Kolkata (West Bengal, WB)-based Coal India Limited (CIL), an Indian 'Maharatna' Central Public Sector Undertaking (CPSU).

🎯 Key Highlights:

- The agreement aims to establish a Joint Venture (JV) to develop Pumped Storage Projects (PSP) alongside other Renewable Energy (RE) projects in India and neighboring countries.
- EDF India also signed the SHA term sheet with NTPC Limited (formerly known as National Thermal Power Corporation Limited), a New Delhi-based 'Maharatna' CPSU under the Ministry of Power (MoP), to jointly develop, own, and operate PSPs and hydro projects integrated with RE initiatives, while also exploring opportunities in the distribution sector.

💡 Other Important Facts:

(i) Under the agreement, NTPC and EDF will establish a Joint Venture Company (JVC) with a 50:50 partnership, subject to receiving the necessary approvals from the Government of India (GoI).
(ii) The JVC will independently undertake projects or may establish additional joint ventures and subsidiaries to execute such projects within India and its neighboring countries.
(iii) NTPC Limited contributes one-fourth of India's power requirements with an installed capacity of over 77 gigawatts (GW). The company is committed to achieving 60 GW of renewable energy capacity by 2032.

📚 Test Your Knowledge:

Which company recently signed an agreement with CIL and NTPC for PSP and RE projects?

Correct Answer: EDF India

🚀 Quick Recap:

About EDF India Private Limited

CEO : Federico D'Amico
Headquarters : New Delhi