NTPC Limited announced on December 23, 2025, that its Board of Directors has approved the formation of a joint venture company with EDF Power Solutions India Private Limited. This 50:50 JV will focus on the development of Pumped Storage Plants (PSP) in India. Additionally, the Board has approved the formation of a wholly-owned subsidiary in Mauritius. This subsidiary will be responsible for developing power projects, including Floating Solar Photovoltaic (FSPV) projects, within Mauritius. These approvals are subject to the necessary clearances from the Ministry of Power, DIPAM, and other applicable statutory authorities. The Board Meeting for these approvals commenced at 5:45 PM and concluded at 7:45 PM on December 23, 2025.