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NTPC Green Energy, MAHAGENCO to Jointly Develop Renewable Energy Parks in Maharashtra

NTPC Green Energy Limited (NGEL) has signed an agreement for establishing a Joint Venture (JV) with Maharashtra State Power Generation Company Limited (MAHAGENCO). This information was given by NTPC Ltd. in a press release dated 28th February 2024.

The Joint Venture company thus established through this agreement will undertake the development of GW-scale Renewable Energy (RE) parks and execute projects of this scale in a phased manner.

Currently, NTPC Group comprises an installed RE capacity of 3.4 GW with an additional 22 GW under construction. MAHAGENCO, on the other hand, comprises a total installed capacity of approximately 13.17 GW, including 9,540 MW thermal, 2,580 MW hydro, 672 MW gas, and 378 MW solar-based power plant capacity.