Maharashtra to Invest ₹1.5 Lakh Crore for Power Transmission Line Overhaul
Maharashtra State Electricity Transmission Company (MSETCL) plans to invest ₹1.5 lakh crore over the next seven years to modernize its power grid. Initial projects worth ₹25,000 crore to ₹30,000 crore are expected to commence within six months. MSETCL has allocated ₹7,000 crore and aims to generate an additional ₹3,000 crore by FY26. The state aims to increase the renewable energy share from 30% to 60% by 2030 and implement 24x7 renewable power with a capacity of 2.5 GW, requiring ₹30,000 crore from private investors.
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Maharashtra State Electricity Transmission Company (MSETCL) announced a ₹1.5 lakh crore investment plan for power grid enhancements over the next seven years. Initial projects worth ₹25,000 crore to ₹30,000 crore will begin within six months.
MSETCL currently has ₹7,000 crore allocated and plans to generate an additional ₹3,000 crore by the end of FY26. The state aims to increase renewable energy's share from 30% to 60% by 2030. Additionally, a new 2.5 GW renewable power capacity will be developed, requiring ₹30,000 crore from private investors through competitive bidding.
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