NTPC Green Energy Limited (NGEL) has signed a Joint venture Agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) for development of Renewable Energy Parks in the state of Maharashtra.

MOUs and Agreement

NTPC Green Energy Limited (NGEL) has signed a Joint venture Agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) for development of Renewable Energy Parks in the state of Maharashtra. The company to be set up under the joint venture will develop GW-scale renewable energy parks and undertake projects of this scale in a phased manner. The agreement aligns with the green energy objectives of NTPC and is another step in the Government of India’s efforts towards energy transition. The Joint Venture Agreement was signed at NTPC headquarters in New Delhi by Director (Projects), MAHAGENCO, Abhay Harne and CGM (NGEL), V V Sivakumar.


      NTPC Group has ambitious plans of attaining 60 GW of renewable energy capacity by the year 2032.

      MAHAGENCO has an installed capacity of about 13,170 MW including 9,540 MW Thermal, 2,580 MW Hydro, 672 MW Gas and 378 MW Solar-based Power Plant capacity.

     

 

     


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