Industry majors including Tata Power, Adani Power, Torrent Power, SoftBank Group, ReNew Power and Waaree Energies will invest a whopping Rs 1.30 lakh crore in generation (thermal, gas, solar and wind), transmission and distribution. They are collectively expected to add over 10,000 MW of power generation in the state. The state undertakings — including MahaGenco, the Maharashtra State Electricity Distribution Company (MahaVitaran) and the Maharahstra State Transmission Company (MahaTransco) — will sign MoUs with Tata Power, Adani Power, Torrent Power, SoftBank Group, ReNew Power and Waaree Energies, on the occasion of Magnetic Maharashtra summit, starting February 18. Torrent Power, which is currently engaged in power distribution in the powerloom town Bhiwandi, is also keen to further invest in the distribution sector. Besides, Waaree Energies plans to set up solar power project in the state.

Source: dna February 11, 2018 23:48 UTC