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NTPC and POWERGRID to form joint venture for pan-India power distribution · Endata

◂ Announcements

Power Generation Equipmentworld trade 2024+2.1% 5Y CAGR

Jun 21, 2019PARTNERSHIPNew Delhi, India

NTPC and POWERGRID to form joint venture for pan-India power distribution

NTPC Limited and POWERGRID signed an MoU on 21 June 2019 to set up National Electricity Distribution Company Ltd. (NEDCL) as a 50:50 joint venture for electricity distribution across India.

Status

Announced

Productselectricity distribution

CompaniesNTPC Limited partner PowerGrid Corp Ltd partner

Sectors#Power Generation Equipment

“The main aim is to undertake the business for distribution of electricity in distribution circles of India and related activities.”electricalindia.in

1 source
electricalindia.inPOWERGRID, NTPC MoU to set-up pan-India power distribution venture | Electrical India MagazineEditor, Chary PublicationsJul 5, 2019

Summarized from public sources; check the original articles before acting on it.

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