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NTPC’s JV signs agreement with Noida Authority to install EV charging stations

10 Jul 2020 Evaluate

Energy Efficiency Services (EESL), a joint venture of four PSUs including NTPC, Power Finance Corporation, Rural Electrification Corporation & Power Grid Corporation, has signed an agreement with Noida Authority to promote electric vehicles (EVs) and install public EV charging stations and related infrastructure.

The partnership will also facilitate the creation of an infrastructural ecosystem to accelerate e-mobility uptake as the nation emerges from the lockdown post COVID-19 pandemic. EESL will make an upfront investment on services pertaining to the agreement along with operation and maintenance of public charging infrastructure by qualified manpower.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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