NEW DELHI (Reuters) – India’s state-run Coal India Ltd on Sunday said it will establish a joint venture with an arm of France’s EDF to build renewable power plants in South Asian countries.
The joint venture between Coal India and EDF India, will set up pumped-storage hydropower projects and other renewable energy projects in India and neighbouring countries, Coal India said in a stock exchange announcement.
The two companies have signed a non-binding shareholders agreement to form the joint venture, it said.
(Reporting by Sarita Chaganti Singh; Editing by Tom Hogue)
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