State-owned NTPC today said it had formed a joint venture with the Asian Development Bank (ADB) and Kyuden International Corporation to develop clean energy projects in India in the next three years.
The JV, Pan Asian Renewables Pvt Ltd, has been incorporated among NTPC, ADB and Kyuden International Corporation to develop renewable energy projects over a period of three years, NTPC said in a filing to the Bombay Stock Exchange.