Mahagenco

India | Generation | News

NTPC and MAHAGENCO to acquire Simar Thermal Power project
By December 1, 2025December 1, 2025

A consortium of NTPC Limited and Maharashtra State Power Generation Company Ltd has secured approval from the National Company Law Tribunal in Delhi to take over Simar Thermal Power Limited, which is undergoing insolvency proceedings. NTPC confirmed the order in a regulatory filing on November 28, 2025. The acquisition centers on STPL’s 1350 MW coal based plant in Simar, Nashik. The facility consists of five units of 270 MW each. The asset is expected to…

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India | Generation | News

Mahagenco signs MoU with NPCIL for nuclear power projects
By November 19, 2025November 19, 2025

Maharashtra State Power Generation Company (Mahagenco) has signed a memorandum of understanding with Nuclear Power Corporation of India Limited (NPCIL) to jointly develop nuclear power projects in the state. Maharashtra is the first state to partner with the central government under its nuclear based power initiative. The agreement aims to support Maharashtra’s shift toward clean and reliable baseload power. It covers the design, development, and commissioning of a nuclear plant that meets AERB and DAE…

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India | News

NTPC Green Energy and MAHAGENCO form JV for renewable energy parks
By November 26, 2024November 26, 2024

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and Maharashtra State Power Generation Company Limited (MAHAGENCO) have established a joint venture company, MAHAGENCO NTPC Green Energy Private Limited (MNGEPL). The JV was incorporated on November 25, 2024. MNGEPL is a 50:50 partnership focused on developing, operating, and maintaining renewable energy parks in Maharashtra under the Ultra Mega Renewable Energy Power Parks (UMREPP) program.

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India | News

Saatvik Green wins 200 MW solar module contract from MAHAGENCO
By October 15, 2024October 15, 2024

Saatvik Green Energy has secured a contract with Maharashtra State Power Generation Co. Ltd (MAHAGENCO) to supply 200 MW of n-type TOPCon 580 Wp modules to various locations across Maharashtra. The total value of the order is estimated at INR 30.2 billion. With a module manufacturing capacity of 3.8 GW as of FY24-25, Saatvik is strategically expanding and developing PV modules with advanced zero-busbar and 24-busbar technology. The company is also exploring investments in electrolyser…

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