NTPC and EDF Power Solutions India Sign 50:50 Joint Venture for Pumped Storage and Hydropower Projects

Exam-focused facts from the 30 September 2026 current affairs briefing.

Key facts

State-owned NTPC and EDF Power Solutions India, a wholly-owned subsidiary of French utility EDF (Électricité de France), signed a 50:50 joint venture agreement on September 25, 2026, in the presence of NTPC CMD Gurdeep Singh and EDF chairman and CEO Bernard Fontana.
The joint venture will develop, own and operate pumped storage, hydropower and other renewable energy projects, and undertake the distribution business in India and neighbouring countries.
The partnership will also work on low-carbon power generation, flexibility solutions and transmission assets to support decarbonisation of electricity systems.
The tie-up aligns with India's target of 100 GW of installed pumped storage capacity by 2036.