New Delhi: Maharatna power PSU National Thermal Power Corporation (NTPC) will set up a 2,500 MW solar park in a joint venture with the state-run Mahanirmiti company. The Maharashtra cabinet gave the approval for the same on Thursday. As per a statement issued by the Maharashtra chief minister's secretariat, both the companies will infuse 50 percent of funds each.

Mahanirmiti, a public sector undertaking of the state government, will build 21 projects with a capacity of 17,360 MW by March 2025, of which 12,930 MW of power will be generated in solar projects.

Maharashtra has 9,305 MW energy projects, of which 2,123 MW power is generated in solar plants, the statement read.

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