Maharashtra cabinet clears 2 solar plant proposals, housing redevelopment in Mumbai
The Maharashtra cabinet on Wednesday approved two proposals for setting up multiple solar power plants with total capacity of over 550 MW with financial help from a German bank, and also cleared a mega housing redevelopment project in Mumbai.
The first proposal, involving 187 MW capacity, envisages setting up solar units near the sites of existing thermal power plants, an official release issued after the state cabinet meeting said. These solar power plants will be funded by Germany’s state development bank KfW which will provide Rs 588.21 crore, while Mahagenco power firm of the state government will raise Rs 158.29 crore through share capital as well as other sources, it said. KFW has already funded a similar project in Dhule district of Maharashtra.
