The Maharashtra government has approved a joint venture (JV) between the Maharashtra State Power Generation Company (Mahagenco) and SJVN. The JV is formed with an objective to develop renewable energy projects with a total capacity of 5,000 MW. This follows a MoU inked between the two entities in June 2023, under which they agreed to develop pumped storage hydro, solar-wind hybrid, floating solar, and green hydrogen-based projects.
Furthermore, in the first phase, projects with a combined capacity of 735 MW will be rolled out. These will comprise the 125 MW Ghatghar Phase-2 project, a 105 MW floating solar plant at Irai, and the 505 MW Nimnawardha floating solar project. Additionally, SJVN will hold a 51 per cent stake in the JV, while Mahagenco will retain the remaining 49 per cent.
Earlier this month, SJVN issued a tender to procure power from 600 MW interstate transmission system-connected wind projects.
Furthermore, in August 2025, SJVN Green Energy Limited, a wholly owned subsidiary of SJVN, issued an engineering procurement and construction tender for 500 MW solar projects.
