Coal India Limited has signed a non-binding Term Sheet with EDF India Pvt. Ltd., a subsidiary of the French multinational electric utility company Électricité de France SA (EDF).
This collaboration aims to form a Joint Venture Company to develop, own, operate, and maintain Pumped Storage Projects (PSP) and other Hydro -Projects and marks a significant step toward India’s transition to a cleaner and more sustainable energy future.
The Term Sheet was signed by our Director (Business Development), Shri Debasish Nanda and Mr. Federico D’Amico, Chief Executive Officer & Director, EDF India, in the presence of Shri Mohammad Afzal, Joint Secretary, Ministry of Power, and Mr. Luc Rémont, Chairman & Chief Executive Officer, EDF. Other senior officials from both companies were present on the occasion.
