Maharashtra’s power generation utility has inked a deal with NTPC Ltd to set up a 2,500 MW green power facility in the state.
The weekly Cabinet meeting presided over by chief minister Uddhav Thackeray gave a seal of approval to the solar power project of Maharashtra State Power Generation Co Ltd (MAHAGENCO) and NTPC project.
Work on the Rs 1,727-crore project will start this year, according to the Chief Minister’s Office.
As per the plans, the NTPC or its subsidiary and MAHAGENCO joint venture will have a capital investment 50 per cent each for developing the facility and the Energy Department will be the state nodal agency.
