New Delhi, March 19 The homegrown power giant, NTPC, has signed an agreement with UK-based Octopus Energy Group to explore business opportunities in various segments, including electricity distribution and storage.
The memorandum of understanding (MoU) was signed by Jatinder Singh Chandok, Head of International Business Development, NTPC, and Chris Fitzgerald, Group Director, International Affairs, Octopus Energy, on the sidelines of the Bharat Electricity Summit 2026 in the national capital.
The collaboration will explore opportunities across India, the UK, and other mutually agreed geographies, with a focus on enhancing efficiency, affordability, reliability, and the adoption of clean energy, NTPC said.
The MoU establishes a non-binding framework for cooperation aimed at identifying, assessing, and pursuing opportunities in electricity distribution and retail, renewable energy and storage, electric vehicle (EV) charging infrastructure, digital energy platforms, innovation, research & development, and capacity building.