NTPC forms joint ventures for pumped storage, solar projects

NTPC's board of directors approved the formation of a 50:50 joint venture company with EDF Power Solutions India Private Limited. This India-based venture will focus on developing pumped storage plants.

Concurrently, NTPC will establish a wholly-owned subsidiary in Mauritius. This new entity is tasked with developing various power projects, including floating solar photovoltaic projects, within Mauritius.

These approvals are contingent upon obtaining necessary clearances from the Ministry of Power, DIPAM, and other relevant statutory authorities.