NTPC’s arm, DVC sign joint venture agreement for renewable power projects
31st Mar 2022

Damodar Valley Corporation (DVC) has signed joint venture agreement with NTPC’s wholly owned subsidiary -- NTPC Renewable Energy for renewable power projects in its command area. DVC will hold 49 per cent and NTPC Renewable will hold 51 per cent in the JV company to implement renewable energy parks and projects including those approved under Ultra Mega Renewable Energy Power Parks Scheme and CPSU scheme. This JV might execute GW size projects.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.