top of page

Green Giants Join Forces: NTPC and MAHAGENCO Team Up for Mega Renewable Energy Parks in Maharashtra

29 Feb 2024

Maharashtra Gears Up for Clean Energy Revolution with Landmark Joint Venture

Maharashtra set for a clean energy boost as NTPC Green Energy Limited (NGEL) and Maharashtra State Power Generation Company Limited (MAHAGENCO) join hands in a landmark joint venture. 

This collaboration aims to develop massive gigawatt-scale renewable energy parks across the state, marking a significant step towards India's energy transition goals.

Key Highlights:

  • NTPC Green, a subsidiary of India's largest power utility NTPC, joins forces with MAHAGENCO for renewable energy development in Maharashtra.

  • The joint venture will focus on establishing large-scale renewable energy parks, driving the state's clean energy adoption.

  • This collaboration aligns with NTPC's ambitious target of reaching 60 GW of renewable energy capacity by 2032.

  • NTPC Green is actively expanding its green portfolio, venturing into areas like green hydrogen and round-the-clock renewable energy solutions.

The big picture: This partnership is a major win for Maharashtra's clean energy ambitions. The state, currently with a mix of thermal, hydro, gas, and solar power generation, is poised for a significant shift towards renewable energy sources. This collaboration between industry leaders like NTPC and MAHAGENCO paves the way for large-scale renewable energy projects, contributing to India's overall decarbonization goals.

Stay tuned: As this joint venture progresses, we can expect exciting developments in the renewable energy landscape of Maharashtra. This collaboration has the potential to be a game-changer, not only for the state but also for India's clean energy future.

bottom of page