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NTPC signs MoU with Power Grid to set up NEDCL
Jun-24-2019

NTPC has signed a memorandum of understanding (MoU) with Power Grid Corporation of India to set up the National Electricity Distribution Company (NEDCL). NEDCL will be a joint venture (JV) of the two on 50:50 equity basis. The main aim of this JV is to undertake business for distribution of electricity in distribution circles of India and related activities.

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.

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