New Delhi, Feb. 24 -- NTPC Limited, India's largest integrated power utility, and EDF India Private Limited, a subsidiary of the French energy giant EDF, have signed a non-binding Term Sheet to collaborate on developing pumped storage projects, hydro power projects, and hybrid hydro-renewable energy initiatives through Joint Venture Company (JVC).

This new entity will spearhead the development of hydro and pumped storage projects across India and neighboring countries. The JVC may also create subsidiaries or form additional joint ventures for specific project implementations.

The agreement was formalized during Elecrama 2025 on February 23, with Federico D'Amico, CEO of EDF India, and J C Kakoti, GM-Hydro Engineering of NTPC, signing th...