India News | Ultra-mega Solar Power Project with 2,500 MW Generation Capacity to Be Set Up in Maharashtra

Mumbai (Maharashtra) [India], April 7 (ANI): Maharashtra government on Thursday approved a joint venture between state-run MahaGenco and India's largest power generator NTPC which will set up an ultra-mega solar power park with a total generation capacity of 2,500 MW.

"National Thermal Power Corporation Limited (or its subsidiary) and Maharashtra State Power Generation Company (Mahagenco) will have a capital investment of 50:50, respectively, for the development of Ultramega Renewable Solar Park," reads the official statement.

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The state energy department has been appointed as a nodal agency for project development.

The Chief Minister's Office said that the JV has been bestowed with the responsibility of adhering to the state's renewable energy policy during the implementation of the proposed solar park.

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The state government has waived a one-time fee and annual operation and maintenance fee from the solar park operator as per the recent guidelines issued by the central government. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)