Maharashtra State Power Generation Company (MAHAGENCO) will form an equal joint venture with state-run NTPC Ltd to set up an ultra mega solar park in Maharashtra with 2500 MW generation capacity, the state said today.
The proposal to form a joint venture company was approved in the cabinet meeting held today, chaired by Chief Minister Uddhav Thackeray.
“National Thermal Power Corporation Limited (or its subsidiary / subsidiary) and Maharashtra State Power Generation Company (Mahanirmiti) will have a capital investment of 50:50, respectively, for the development of Ultramega Renewable Solar Park with a capacity of 2500 MW in the State,” Chief Minister’s Office said in a statement.
For the venture the State Energy Department has been declared the nodal agency and has been entrusted with the responsibility of complying with the provisions of the unconventional energy policy of the…