NTPC Limited has announced key strategic decisions aimed at strengthening its renewable energy portfolio and expanding its international footprint. In a board meeting held on December 23, 2025, the company approved proposals for forming a joint venture in India and setting up a new overseas subsidiary, subject to regulatory approvals.
The board of NTPC Limited has approved the formation of a 50:50 joint venture with EDF Power Solutions India Private Limited. The proposed joint venture will focus on the development of pumped storage plants (PSPs) in India. Pumped storage projects are increasingly seen as critical infrastructure for grid stability, especially as renewable energy capacity continues to rise across the country.
Alongside the domestic joint venture, NTPC has also approved the incorporation of a wholly owned subsidiary in Mauritius. This new subsidiary will be tasked with developing power projects in the island nation, including floating solar photovoltaic (FSPV) projects. Floating solar installations are gaining traction globally due to their efficient land use and potential to reduce water evaporation, making them particularly suitable for island and water-scarce regions.
Both proposals are subject to approvals from the Ministry of Power, the Department of Investment and Public Asset Management (DIPAM), and other statutory authorities, wherever applicable. NTPC has clarified that detailed disclosures in line with the Securities and Exchange Board of India’s Master Circular dated November 11, 2024, will be shared at a later stage.
