NTPC Approves Joint Venture With EDF And Mauritius Subsidiary To Expand Renewable Energy Projects

In a strategic move to expand its footprint both domestically and internationally, NTPC Limited, a leading Government of India enterprise, approved two major corporate initiatives during its board meeting on December 23, 2025. The meeting was conducted in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The first key decision involves the formation of a Joint Venture Company (JVC) with EDF Power Solutions India Private Limited. The proposed partnership will be established on an equal 50:50 basis in India. The primary focus of this new joint venture is to develop Pumped Storage Plants (PSPs), which are expected to play a crucial role in strengthening the country’s renewable energy infrastructure and supporting grid stability.

The second major approval relates to the establishment of a wholly-owned subsidiary in Mauritius. This subsidiary aims to develop power projects in the region, with a particular focus on Floating Solar Photovoltaic (FSPV) projects. These initiatives reflect NTPC’s strategic intent to expand its clean energy portfolio beyond India, tapping into the potential of solar energy in international markets.

Both projects are still subject to further approvals from relevant authorities, including the Ministry of Power and the Department of Investment and Public Asset Management (DIPAM), along with other statutory bodies. NTPC has indicated that while the core decisions have been finalized, additional details as required under the SEBI Master Circular dated November 11, 2024, will be disclosed at an appropriate time.

The official communication regarding these developments was signed by Ritu Arora, the Company Secretary and Compliance Officer of NTPC. The notice has been formally submitted to both BSE Limited and the National Stock Exchange of India Limited to ensure transparency and keep investors and the public informed about these strategic steps. These moves demonstrate NTPC’s continued commitment to expanding its renewable energy operations and pursuing international growth opportunities.

The combination of domestic joint ventures and overseas subsidiaries highlights NTPC’s focus on innovation, clean energy solutions, and strategic partnerships, which are expected to contribute significantly to the company’s long-term growth and sustainability objectives.