MSRTC To Generate 300 MW Solar Power, Save Rs 10 Billion Annually
POWER & RENEWABLE ENERGY

MSRTC To Generate 300 MW Solar Power, Save Rs 10 Billion Annually

In a major move towards sustainability and financial independence, the Maharashtra State Road Transport Corporation (MSRTC) has unveiled plans to establish large-scale solar energy projects across its vacant land and building rooftops throughout the state.

The initiative aims to generate 300 megawatts (MW) of electricity annually — power valued at nearly Rs 10 billion (Rs 1,000 crore) — helping MSRTC significantly reduce costs and its dependence on external power supply.

The plan was announced by Transport Minister and MSRTC Chairman Pratap Sarnaik during a high-level meeting at the corporation’s headquarters on Monday. The meeting was attended by Vice Chairman and Managing Director Dr Madhav Kusekar and other senior officials.

Sarnaik described the upcoming ‘Solar Energy Hub’ as an ambitious model project that could become a benchmark for other state undertakings. Under the scheme, solar panels will be installed not only on the rooftops of depots, workshops, and bus stands, but also across large tracts of unused MSRTC land. If required, additional barren government land will be leased at nominal rates to expand capacity.

Currently, MSRTC consumes around 15 MW of electricity per year, incurring annual expenses of Rs 250–300 million (Rs 25–30 crore) paid to the Maharashtra State Electricity Distribution Company Ltd (MSEDCL). However, with the planned deployment of thousands of electric buses, its power demand is expected to increase sharply to about 280 MW.

By generating its own solar power, MSRTC anticipates savings of nearly Rs 10 billion annually, transforming the corporation’s financial outlook and reducing reliance on state subsidies.

The project will be executed under a public–private partnership (PPP) model, leveraging funding from central and state renewable energy programmes.

“This initiative will not only make MSRTC energy self-sufficient but also set a strong example for renewable energy adoption across Maharashtra,” said Sarnaik, highlighting the corporation’s commitment to sustainability, innovation, and long-term economic stability.

In a major move towards sustainability and financial independence, the Maharashtra State Road Transport Corporation (MSRTC) has unveiled plans to establish large-scale solar energy projects across its vacant land and building rooftops throughout the state. The initiative aims to generate 300 megawatts (MW) of electricity annually — power valued at nearly Rs 10 billion (Rs 1,000 crore) — helping MSRTC significantly reduce costs and its dependence on external power supply. The plan was announced by Transport Minister and MSRTC Chairman Pratap Sarnaik during a high-level meeting at the corporation’s headquarters on Monday. The meeting was attended by Vice Chairman and Managing Director Dr Madhav Kusekar and other senior officials. Sarnaik described the upcoming ‘Solar Energy Hub’ as an ambitious model project that could become a benchmark for other state undertakings. Under the scheme, solar panels will be installed not only on the rooftops of depots, workshops, and bus stands, but also across large tracts of unused MSRTC land. If required, additional barren government land will be leased at nominal rates to expand capacity. Currently, MSRTC consumes around 15 MW of electricity per year, incurring annual expenses of Rs 250–300 million (Rs 25–30 crore) paid to the Maharashtra State Electricity Distribution Company Ltd (MSEDCL). However, with the planned deployment of thousands of electric buses, its power demand is expected to increase sharply to about 280 MW. By generating its own solar power, MSRTC anticipates savings of nearly Rs 10 billion annually, transforming the corporation’s financial outlook and reducing reliance on state subsidies. The project will be executed under a public–private partnership (PPP) model, leveraging funding from central and state renewable energy programmes. “This initiative will not only make MSRTC energy self-sufficient but also set a strong example for renewable energy adoption across Maharashtra,” said Sarnaik, highlighting the corporation’s commitment to sustainability, innovation, and long-term economic stability.

Related Stories

Gold Stories

Next Story
Real Estate

Anshul Singhal launches Vantrock with Rs 42 billion development plan

Real estate professional Anshul Singhal has launched Vantrock Real Assets Private Limited (VRAPL), a Mumbai-headquartered platform focused initially on warehousing, industrial and logistics parks. The company plans to develop approximately 11.5 million sq ft of assets, with an estimated gross development value (GDV) of Rs 42 billion (approximately USD 434 million) on completion.The first phase will cover around 3 million sq ft across the National Capital Region (NCR), Bengaluru and Pune, with an estimated development value of Rs 11 billion (approximately USD 113 million). Construction is sched..

Next Story
Infrastructure Transport

Afcons wins CII award for biodiversity management

Afcons Infrastructure has received the Confederation of Indian Industry (CII) National Award for Environmental Best Practices 2026 in the Biodiversity Management category for its work on the Mumbai-Ahmedabad High Speed Rail Project’s C-2 package.The award was presented at a ceremony in Chennai on 9 October 2026. It was received by Mihir Mishra, Vice-President, CPE, and Sumon Paul, Assistant General Manager, HSE, along with the Afcons team.The project adopted several resource recovery and waste management practices. These included recycling concrete washout waste to recover sand, aggregates a..

Next Story
Technology

Indian businesses lead globally in planned AI investment, says Autodesk

Indian organisations are moving towards deeper integration of artificial intelligence (AI), digital technologies and sustainability into business operations, according to Autodesk’s 2026 State of Design & Make report. The fourth edition of the annual study highlights growing AI adoption, measurable outcomes from digital transformation and the role of sustainability in long-term business growth.The report found that 64 per cent of Indian organisations are approaching or have achieved their current AI goals. While 88 per cent believe AI will enhance their industry, up from 78 per cent in 2..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code