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 Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..