NGEL and MAHAGENCO Partner to Develop Renewable Energy Parks in Maharashtra
| Aspect | Details |
|---|---|
| Parties Involved | NTPC Green Energy Limited (NGEL) and Maharashtra State Power Generation Company Limited (MAHAGENCO) |
| Initiative | Development of Renewable Energy Parks in Maharashtra |
| Agreement Signed | February 28, 2024, at NTPC headquarters, New Delhi |
| Scope of Joint Venture | Establishment of a company to develop GW-scale renewable energy parks |
| NGEL's Focus | Renewable Energy Parks, Green Hydrogen, Energy Storage Technologies, Round-the-Clock renewable energy solutions |
| NGEL's Target | Achieve 60 GW of renewable energy capacity by 2032 |
| MAHAGENCO's Installed Capacity | Approximately 13,170 MW (Thermal, Hydro, Gas, and Solar-based Power Plants) |
| Objective | Support India's energy transition goals and sustainable energy development in Maharashtra |