Coal India forms joint venture with French subsidiary company for renewable energy projects

ANI February 23, 2025 291 views

Coal India Limited, a major state-owned coal producer, has strategically partnered with EDF India to enter the renewable energy sector. The collaboration aims to develop pumped storage projects and explore sustainable energy opportunities across India and neighboring countries. This joint venture represents a significant shift for Coal India, signaling its commitment to diversifying beyond traditional coal-based energy. The partnership with EDF, a global energy solutions provider, positions Coal India to leverage international expertise in green energy development.

"A strategic joint venture to diversify into sustainable energy solutions" - Coal India Spokesperson
New Delhi, February 23: Coal India Limited signed an agreement with EDF India Private Limited to form a joint venture.

Key Points

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Coal India forms strategic renewable energy partnership

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EDF India subsidiary joins PSP project collaboration

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Joint venture targets India and neighboring markets

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Demonstrates state-owned enterprise's green energy transition

The joint venture will undertake PSP projects along with other renewable energy projects in India and neighbouring countries, Coal India said in a stock exchange filing.

EDF India Private Limited is a wholly-owned subsidiary of Electricite de France SA (EDF). Electricite de France SA is an energy solutions providing company.

The two firms - Coal India and EDF India -- have executed the Non-Binding Shareholders Agreement (SHA) term sheet on Sunday, the Indian PSU company informed stock exchanges in the filing.

Tags:
Coal India EDF Renewable Energy Joint Venture Green Energy India Power Sector
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