This joint venture will focus on pursuing PSP projects as well as other renewable energy initiatives in India and its neighboring countries, as stated by Coal India in a filing to the stock exchange. EDF India Private Limited operates as a wholly-owned subsidiary of Electricite de France SA (EDF), a company that specializes in energy solutions.
On Sunday, the two companies, Coal India and EDF India, finalized the Non-Binding Shareholders Agreement (SHA) term sheet, as reported by the Indian public sector undertaking in its stock exchange communication.