Maharashtra Govt and SJVN Form JV for 5,000 MW Renewable Projects

19 Sep 2025 CW Team

The Maharashtra government has approved the formation of a joint venture (JV) between Maharashtra State Power Generation Company (Mahagenco) and SJVN to develop 5,000 MW of renewable energy projects. The decision was cleared at a cabinet meeting chaired by Chief Minister Devendra Fadnavis.

The initiative supports Maharashtra’s renewable energy roadmap—targeting 50% clean power by 2030 and 75 per cent by 2047—in line with India’s net-zero 2070 goal. Currently, Mahagenco generates 428 MW of renewable power.

Under the JV, SJVN will hold 51 per cent equity, while Mahagenco will hold 49 per cent, with a debt-equity ratio of 70:30 or 80:20. Mahagenco will fund its equity contribution. Governance will include a board of 6–10 directors with equal representation. The chairperson will be nominated by SJVN for the first three years, while the CEO will come from SJVN, CFO from Mahagenco, and COO will rotate.

In the first phase, projects totalling 735 MW will be developed, including Ghatghar Phase-2 Lift Hydro (125 MW), Irai Floating Solar (105 MW), and Nimnawardha Floating Solar (505 MW). The JV will also explore solar-wind hybrids, floating solar, pumped hydro, and green hydrogen-linked projects.

News source: The Week

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..