NLC & MAHAPREIT JV to Develop 5 GW Renewable Energy in Maharashtra
POWER & RENEWABLE ENERGY

NLC & MAHAPREIT JV to Develop 5 GW Renewable Energy in Maharashtra

NLC India Renewables (NIRL), a subsidiary of the state-owned coal mining company NLC India, has formed a joint venture agreement with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT), an entity under the Maharashtra government, to collaboratively develop renewable energy projects in Maharashtra.

The newly established joint venture company plans to develop 5 GW of renewable energy capacity within the state, initially targeting 2 GW. Its projects will encompass ground-mounted solar, wind, hybrid systems, floating solar, battery energy storage systems (BESS), and pumped hydro storage.

NIRL will hold a 74 per cent stake in the joint venture, while MAHAPREIT will own the remaining 26 per cent.

MAHAPREIT will be responsible for facilitating the identification and allocation of land for these projects, as well as supporting the development of the power evacuation system to connect to the grid. On the other hand, NIRL will handle the preparation of detailed project reports, arranging financing, and the overall development of the renewable energy projects.

The electricity generated by these projects will be sold via both regulated and competitive mechanisms, in accordance with Sections 62 or 63 of the Electricity Act, to distribution companies (discoms), government agencies, and commercial and industrial consumers.

NLC India holds the distinction of being the first central public sector undertaking (CPSU) in India to establish 1 GW of renewable energy projects. The company aims to reach a renewable energy capacity of 10 GW by 2030, aligning with the country's goals for decarbonisation and energy security.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

NLC India Renewables (NIRL), a subsidiary of the state-owned coal mining company NLC India, has formed a joint venture agreement with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT), an entity under the Maharashtra government, to collaboratively develop renewable energy projects in Maharashtra.The newly established joint venture company plans to develop 5 GW of renewable energy capacity within the state, initially targeting 2 GW. Its projects will encompass ground-mounted solar, wind, hybrid systems, floating solar, battery energy storage systems (BESS), and pumped hydro storage.NIRL will hold a 74 per cent stake in the joint venture, while MAHAPREIT will own the remaining 26 per cent.MAHAPREIT will be responsible for facilitating the identification and allocation of land for these projects, as well as supporting the development of the power evacuation system to connect to the grid. On the other hand, NIRL will handle the preparation of detailed project reports, arranging financing, and the overall development of the renewable energy projects.The electricity generated by these projects will be sold via both regulated and competitive mechanisms, in accordance with Sections 62 or 63 of the Electricity Act, to distribution companies (discoms), government agencies, and commercial and industrial consumers.NLC India holds the distinction of being the first central public sector undertaking (CPSU) in India to establish 1 GW of renewable energy projects. The company aims to reach a renewable energy capacity of 10 GW by 2030, aligning with the country's goals for decarbonisation and energy security.

Next Story
Infrastructure Urban

List of Fastest Growing Construction Companies in India released! MMRDA, MMRCL Leaders reveal MMR transformation plan at India Construction Festival

Mumbai Metro Line 3 is all set to start,” said Ashwini Bhide, Principal Secretary to the Chief Minister of Maharashtra and Managing Director, Mumbai Metro Rail Corporation (MMRC), during her fireside chat with Pratap Padode, Founder, ASAPP Info Global Group & Author of Tarmac to Towers – India’s Infrastructure Story at the 23rd Construction World Global Awards (CWGA) 2025. Her announcement and the journey that she elaborated in course of completing this project, struck a chord with the audience, resonating with what Dr Sanjay Mukherjee, Commissioner of the Mumbai Metropolitan Region ..

Next Story
Infrastructure Urban

Hindustan Zinc Cuts Freshwater Use by 28%, Saves 71 Billion Litres

Hindustan Zinc, India’s only and the world’s largest integrated zinc producer, has reduced its freshwater use by 28 per cent over the past decade, recycling 71 billion litres of treated sewage water between FY2016 and FY2025. This volume could meet Udaipur’s water needs for more than 500 days. Operating in water-stressed Rajasthan, the company has achieved 3.32 times water positivity by treating and reusing all process water in operations. In partnership with the Government of Rajasthan, Hindustan Zinc pioneered Udaipur’s first Sewage Treatment Plant (STP) in 2014 under a PPP mode..

Next Story
Technology

Atlassian Expands India Presence with New R&D Centre in Bengaluru

Atlassian, a leading provider of team collaboration and productivity software including Jira, Confluence, and Loom, announced the opening of its new R&D Centre in Bengaluru. Spanning over 2 lakh sq ft, the facility is four times larger than its previous office and designed to accommodate more than 1,000 employees, reinforcing India’s position as a strategic hub for the company’s global R&D efforts. Since entering India in 2018 with a 60-member team, Atlassian has grown to employ over 2,500 people, its largest workforce outside Australia and the US. Nearly 75 per cent of its In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?