EDF Eyes Renewable Partnerships with NTPC, CIL, and Actis

28 Feb 2025 CW Team

EDF India has signed non-binding term sheets with NTPC, Coal India Ltd (CIL), and global investor Actis to advance renewable energy projects in India. Under this collaboration, NTPC will develop, own, and operate pumped storage projects (PSPs), standalone hydropower, and hybrid renewable energy projects. EDF has proposed a 50:50 joint venture with NTPC and a separate JV with CIL to pursue PSPs and renewable projects in India and neighboring countries.聽

India鈥檚 National Electricity Plan 2023 estimates a need for 74 GW/411 GWh of energy storage systems by 2031-32, including 27 GW/175 GWh from PSPs and 47 GW/236 GWh from battery energy storage systems. The Ministry of Power has introduced competitive bidding guidelines for energy procurement from PSPs, while the government has allocated Rs 124.6 billion to support hydroelectric and PSP projects through 2031-32.聽

EDF also signed an agreement with Actis to establish a platform for advanced metering infrastructure (AMI) service provider concessions. This aligns with India鈥檚 national smart metering initiative under the revamped distribution sector program, aimed at boosting operational efficiency and reducing technical and commercial losses. In December 2024, PFC Consulting invited bids to empanel AMI service providers for smart prepaid metering implementation.聽

(Mercom)聽聽聽

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..