Published by Global Banking & Finance Review®
Posted on February 23, 2025
1 min readLast updated: February 27, 2026
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Coal India and EDF form a joint venture to develop renewable energy projects in South Asia, focusing on hydropower and energy distribution.
NEW DELHI (Reuters) -India's state-run Coal India will establish a joint venture with an arm of France's EDF to build renewable power plants in South Asian countries, it said on Sunday.
The joint venture between Coal India and EDF India, will set up pumped-storage hydropower projects and other renewable energy projects in India and neighbouring countries, Coal India said in a stock exchange announcement.
The two companies have signed a non-binding shareholders agreement to form the joint venture, it said.
EDF also signed a joint venture agreement with state-run Indian power company NTPC to set up hydropower projects and explore opportunities in power distribution, an NTPC statement said.
The 50-50 joint venture will set up projects within India and neighbouring countries, the statement said.
(Reporting by Sarita Chaganti SinghEditing by Tom Hogue and David Goodman)
The joint venture aims to build renewable power plants, including pumped-storage hydropower projects, in India and neighboring countries.
They have signed a non-binding shareholders agreement to form the joint venture.
EDF has also signed a joint venture agreement with NTPC to set up hydropower projects and explore opportunities in power distribution.
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