# 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.

- Type: Partnership
- Announced: 2019-06-21
- Where: New Delhi, India
- Status: announced
- Products: electricity distribution
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [NTPC Limited](https://endata.com/companies/883.md) (partner)
- [PowerGrid Corp Ltd](https://endata.com/companies/34711.md) (partner)

## Sources

- [electricalindia.in](https://www.electricalindia.in/powergrid-ntpc-mou-to-set-up-pan-india-power-distribution-venture/), 2019-07-05: "The main aim is to undertake the business for distribution of electricity in distribution circles of India and related activities."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.