NTPC Ltd Approves Formation of Joint Venture with EDF Power Solutions India for Pumped Storage Plants and Wholly Owned Subsidiary in Mauritius

NTPC Ltd, in its meeting held on 23rd December 2025, has approved the formation of a joint venture company with EDF Power Solutions India Private Limited for the development of Pumped Storage Plants (PSP) in India. The joint venture will be a 50:50 partnership. Additionally, the company has also approved the formation of a wholly owned subsidiary in Mauritius for developing Power Project(s) including Floating Solar Photovoltaic (FSPV) Project. The details of these developments will be disclosed as per the Securities and Exchange Board of India Master Circular dated 11 November 2024. The Board Meeting commenced at 05:45 PM and concluded at 07:45 PM.