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NTPC Green and MAHAPREIT form JV for 10,000 MW renewable projects

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NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) have formed a joint venture (JV) to develop 10,000 megawatts (MW) of renewable energy projects. The JV, named NTPC-MAHAPREIT Green Energy Limited, was established on April 8, 2025. NGEL holds a 74 percent equity stake in the JV, while MAHAPREIT holds the remaining 26 percent. The JV will set up renewable energy parks,…

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NTPC Green and MAHAPREIT form JV for 10 GW renewable energy projects

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NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has signed a joint venture agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to develop 10 GW of renewable energy (RE) projects in Maharashtra and other states. The joint venture aims to establish renewable energy parks and projects, aligning with NTPC’s goal of achieving 60 GW of RE capacity by FY32.