Maharashtra gets Rs 1.30 lakh cr investment in power sector
Maharashtra, with an installed generation capacity of 13,602 MW, is set to become power surplus. Industry majors including Tata Power, Adani Power, Torrent Power, SoftBank Group, ReNew Power and Waaree Energies will invest a whopping Rs 1.30 lakh crore in generation (thermal, gas, solar and wind), transmission and distribution. They are collectively expected to add over 10,000 MW of power generation in the state.
Besides, the state-run Maharashtra State Power Generation Company (Mahagenco), in joint venture with oil companies such as Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), will develop a 2,000 MW petcoke-based power generation project at the proposed refinery in Rajapur taluka, Ratnagiri district of Maharashtra. The power generated from the proposed project will be used for captive use.
The state undertakings — including MahaGenco, the Maharashtra State Electricity Distribution Company (MahaVitaran) and the Maharahstra State Transmission Company (MahaTransco) — will sign MoUs with Tata Power, Adani Power, Torrent Power, SoftBank Group, ReNew Power and Waaree Energies, on the occasion of Magnetic Maharashtra summit, starting February 18.