French power group to work on low-carbon opportunities in India
In a significant development for the power sector, Électricité de France S.A. (EDF), one of the world’s leading power sector companies headquartered in Paris, and NTPC Ltd, India’s largest energy integrated company, have signed a Memorandum of Understanding (MoU) to explore potential power project development opportunities in the Middle East, Asia, Europe and Africa.
The two companies will also collaborate for knowledge sharing, R&D, technical services and consultancy assignments globally, said NTPC in a release on 7 Oct 2021.
NTPC has expressed optimism about its collaboration with EDF, underlining that “the 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.”
On the same note, EDF added “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.’
EDF and NTPC will jointly consider the possibility of pursuing pilot programmes in the clean energy sector together.
The MOU was signed by Ujjwal Kanti Bhattacharya, Director (Projects) for NTPC and Harmanjit Singh Nagi, CEO & Country President – EDF India. #tenders #projects #investment /fiinews.com
