New Delhi, India: EDF India and Coal India Limited (CIL), a Maharatna company under the Ministry of Coal, have signed a Term Sheet to form a Joint Venture Company (JVC) aimed at developing pumped storage projects, potentially integrated with renewable energy initiatives.
Under the terms of the agreement, both companies will move towards the formation of a 50:50 Joint Venture, which may operate independently or through special purpose vehicles (SPVs) for executing projects within India and internationally. This collaboration aligns with India’s clean energy goals, marking a crucial step in the country’s renewable energy transition.
Coal India Limited: Powering the Nation’s Energy Needs
Coal India Limited (CIL), headquartered in Kolkata, West Bengal, is the world’s largest coal producer. Operating across eight Indian states, CIL manages 313 active mines, including 131 underground, 168 opencast, and 14 mixed mines.EDF: A Global Leader in Low-Carbon Energy
EDF Group is a key player in the global energy transition, engaged in power generation, distribution, trading, and energy services. With a low-carbon energy output of 490TWh, EDF’s diversified energy mix includes nuclear, hydropower, and renewable energy sources. The company caters to 41.5 million customers worldwide and generated €118.7 billion in revenue in 2024.This strategic partnership between EDF India and CIL is expected to drive innovation in sustainable energy, reinforcing India's commitment to environmental responsibility and economic development.
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