NTPC to set up 2,500 MW solar park in JV with Maharashtra state PSU

Maharatna power PSU NTPC is going to set up a 2,500 MW solar park in a joint venture with the state-run Mahanirmiti company

PSU Watch Bureau

Published:7th Apr, 2022 at 9:45 PM

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.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

NTPC to set up 2,500 MW solar park in JV with Maharashtra state PSU

Maharatna power PSU NTPC is going to set up a 2,500 MW solar park in a joint venture with the state-run Mahanirmiti company

Also Read

GAIL eyes 134 MMSCMD volumes by FY27, plans to bolster LNG infra through terminal tie-ups & Dhabol expansion

Dr. Lal PathLabs, NRDC ink pact to boost indigenous diagnostic innovations

SBI Q2 net profit jumps 10% at Rs 20,160 crore

Govt allows cancellation of LoAs for RE projects with minimal PSA prospects to clear backlog

SBI Q2 net jumps 6.84% on Yes Bank stake sale, ups FY'26 credit growth target