{
  "id": 9915516,
  "title": "NTPC And EDF Join Forces On Low-Carbon Energy, New Venture Sets Sights On Cleaner Power Projects",
  "url": "https://urgent.news/2026/09/26/ntpc-and-edf-join-forces-on-low-carbon-energy-new-venture-sets-sights",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-26T04:39:01.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/ntpc-and-edf-join-forces-on-low-carbon-energy-new-venture-sets-sights-on-cleaner-power-projects"
  },
  "original_language": "en",
  "account": "New Delhi witnessed the signing of a 50:50 joint venture agreement between NTPC Limited and EDF Power Solutions India on September 25. The collaboration aims to develop low-carbon energy projects across India and neighboring nations. The partnership's focus spans pumped storage, hydropower, renewable energy facilities, and potential ventures in electricity distribution, transmission, and balancing supply as more renewables integrate into the grid. This alliance was witnessed by NTPC Chairman and Managing Director Gurdeep Singh and EDF SA Chairman and CEO Bernard Fontana.\n\nThe two entities intend to amalgamate their technical and operational competencies to design, construct, own, and operate projects. They are set to explore opportunities within India and across neighboring markets. An integral aspect of their joint venture is pumped storage, which involves storing energy by raising water in a reservoir during periods of low demand and releasing it to generate power when required. This mechanism aids grid stability, particularly with the intermittent nature of solar and wind power.\n\nThe partnership underscores India's commitment to transitioning towards cleaner energy sources. Their objective aligns with a government target of achieving 100 gigawatts of pumped storage capacity by 2036. Beyond pumped storage, the venture will also focus on low-carbon power plants and infrastructure to bolster the flexibility of electricity systems. They aim to tailor solutions to meet the specific requirements of various markets while accelerating renewable capacity additions. However, the partners have not disclosed any specific projects, investment amounts, or a timeline for the commencement of their first venture.",
  "summary": "New Delhi: NTPC Limited and EDF Power Solutions India have signed a 50:50 joint venture agreement to develop low-carbon energy projects in India and neighbouring countries. The partnership will focus on pumped storage, hydropower and other renewable energy facilities. It may also take up electricity distribution, transmission and projects that help balance power supply as more renewable energy…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}