News Brief
NTPC Signs Pact With EDF To Explore Power Project Development Opportunities In Middle-East, Asia, Europe And Africa
Swarajya Staff
Oct 07, 2021, 02:08 PM | Updated 02:08 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
In a significant development for the power sector, the state-run NTPC Limited has signed a memorandum of understanding (MoU) with the Électricité de France (EDF) to explore potential power project development opportunities in the Middle East, Asia, Europe and Africa.
EDF is one of the world's leading power sector companies and has its headquarters in Paris, the capital city of France.
"The MoU will bear witness to the cooperation between EDF, France and India’s largest power major NTPC for exploring power project development opportunities around regions of mutual interest like Middle-East, Europe and Africa," the Power Ministry said in a statement on Thursday (7 October).
The two companies will also collaborate for knowledge sharing, research and development, technical services and consultancy assignments globally.
NTPC expressed optimism about its collaboration with EDF and said, "NTPC’s collaboration with EDF will further increase our competitiveness in the international markets. NTPC aims to expand its portfolio of power generation assets globally. This MoU supports our roadmap for the development of clean energy projects worldwide. We believe this alliance will bring multiple mutually constructive investment opportunities in the global markets", the statement said.
On the same note, EDF said, "We are excited to join forces with NTPC and work on low-carbon energy opportunities in India and other growth markets. Now operating in around 25 countries, EDF has a global track record and we look forward to unlocking further collaboration opportunities with NTPC", it added.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.