Maharashtra Powers Ahead: Surplus Energy, Stable Tariffs & Green Transition

Maharashtra CM Devendra Fadnavis announced the state is power surplus, ready to meet industrial demands, with stable tariffs and a focus on green energy. The state plans to generate 52% of energy from renewable sources by 2030 and aims to stabilize the grid with large-scale storage projects.

Maharashtra Chief Minister Devendra Fadnavis declared the state's power surplus status on Tuesday, reassuring that electricity tariffs will remain stable as demand rises from industry and data centers.

Addressing the assembly, Fadnavis highlighted 'Mahavitaran', a leading power distribution utility, with annual revenues exceeding Rs 1 lakh crore. He revealed an updated Time-of-Day tariff structure, offering up to 25% concessions during solar energy peak hours.

Fadnavis detailed a green energy roadmap, projecting 52% electricity from renewables by 2030 and 65% by 2035, with new battery and pumped storage projects planned. Focused on reliability and affordability, tariffs are poised to attract further investment.

(With inputs from agencies.)