NTPC Limited’s Board approved the formation of a joint venture company with EDF Power Solutions India Private Limited for developing Pumped Storage Plants (PSP) in India. The board also approved the formation of a wholly-owned subsidiary in Mauritius to develop power projects including Floating Solar Photovoltaic (FSPV) projects. The decision was made during a board meeting on December 23, 2025.
Joint Venture for Pumped Storage Plants
NTPC Limited has secured approval for a joint venture company with EDF Power Solutions India Private Limited (50:50). The primary focus of this joint venture will be the development of Pumped Storage Plants (PSP) across India, marking a significant step in enhancing the nation’s energy storage capabilities.
Subsidiary in Mauritius for Power Projects
The Board has also approved the formation of a wholly-owned subsidiary in Mauritius. This subsidiary will concentrate on developing various power projects, including Floating Solar Photovoltaic (FSPV) projects, leveraging Mauritius’ strategic location and investment-friendly environment.
Key Dates
The decisions regarding both the joint venture and the subsidiary were made during the Board of Directors meeting held on December 23, 2025. Further details regarding the projects and related disclosures will be intimated in due course, with an initial disclosure targeted for November 11, 2024.
Source: BSE