NTPC Shares in Focus; Strengthens Ties With EDF France to Develop Hydro, Renewable Energy Projects

NTPC strengthens its partnership with EDF France to develop hydro and renewable energy projects in India. This collaboration aims to enhance India’s green energy capacity and drive sustainable growth, the company said in a press release on the stock exchanges.

Renewable Energy and Hydro Power Ambitions

In a significant move towards strengthening India’s renewable energy sector, NTPC Limited, a Maharatna company of India, and EDF India Private Limited, a subsidiary of the French multinational electric utility Électricité de France (EDF), have signed a non-binding term sheet to collaborate on pumped storage, hydro power projects, and other renewable energy opportunities.

A Strategic Collaboration for Energy Transition

Under this partnership, NTPC and EDF will jointly develop, own, operate, and maintain pumped storage projects, hydro power ventures, and bundled renewable energy solutions. The collaboration also extends to exploring distribution business opportunities.

Following the signing of the term sheet, the companies propose to establish a Joint Venture Company (JVC) with a 50:50 partnership, subject to approvals from the Government of India. This JVC will independently undertake projects or create Special Purpose Vehicles (SPVs) for executing hydro and renewable energy projects across India and neighbouring countries.

NTPC’s Growing Green Energy Portfolio

NTPC, which contributes nearly one-fourth of India’s power supply, currently has an installed capacity exceeding 77 GW, with an additional 29.5 GW under construction, including 9.6 GW dedicated to renewable energy projects.

The company has set an ambitious target of achieving 60 GW of renewable energy capacity by 2032.

NTPC Share Price Performance

NTPC Limited’s share price stood at ₹322.85 as of February 24, 2025, reflecting a decline of ₹3.40 (-1.04%) at 10:00 AM on the NSE, from its previous close of ₹326.25. The stock opened at ₹322.10 and reached an intraday high of ₹324.10 before hitting a low of ₹321.00. The volume-weighted average price (VWAP) for the session was ₹322.49.

Conclusion

NTPC’s collaboration with EDF France marks a significant step toward strengthening India’s renewable energy sector. By focusing on hydro and pumped storage projects, this partnership aligns with NTPC’s long-term vision of achieving 60 GW of renewable energy capacity by 2032.

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