Maharashtra Regulator Approves 5,991 MW of Solar Power Procurement

25 Sep 2024 CW Team

The Maharashtra Electricity Regulatory Commission (MERC) has given the green light for the Maharashtra State Electricity Distribution (MSEDCL) to procure an additional 5,991 MW of solar power through competitive bidding. The decision aims to meet the state’s Renewable Purchase Obligation (RPO) and provide daytime power to farmers across Maharashtra. The procurement is part of the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0), a government initiative to solarize at least 30% of agricultural feeders by December 2025. The program is designed to help MSEDCL meet its RPO targets, reduce overall power procurement costs, and improve the quality of electricity supplied to agricultural consumers during the day. The competitive bidding process will be conducted through MSEB Solar Agro Power (MSAPL), a subsidiary of MSEB Holding Company. The procurement will be split into two categories: 5,745 MW under Open Tender & 246 MW in Cluster Tender The additional solar capacity is expected to replace the nighttime supply from conventional sources, potentially leading to significant reductions in overall power purchase costs. This transition will also help improve coal stock management by reducing reliance on thermal power plants during peak daytime hours. The procurement will assist MSEDCL in meeting its increasing RPO targets, which are set to rise from 29.91% in 2024-25 to 43.33% by 2029-30. The distributed RPO component is slated to increase from 1.50% to 4.50% during this period. The solar power procurement will allow MSEDCL to rationalize its dependence on the Koyna hydroelectric power plant, reserving its limited capacity for peak loads and emergencies. This is expected to enhance Maharashtra’s energy security. In May, the Commission approved MSEDCL’s proposal to procure 150 MW of solar power at ?3.3 (~$0.040)/kWh from projects under MSKVY 2.0.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..