NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Limited, and Maharashtra State Power Generation Company Limited (MAHAGENCO) have formed a joint venture (JV) named MAHAGENCO NTPC Green Energy Private Limited (MNGEPL) to develop renewable energy parks in Maharashtra.
The JV is established as a 50:50 partnership, will focus on developing, operating, and maintaining renewable energy parks under the ultra mega renewable energy power parks scheme.