en.Wedoany.com Reported - The Maharashtra state cabinet in India recently approved a renewable energy integration plan named MAGESTIC, aiming to increase the share of renewable energy in the state's energy mix from the current 17% to 50% by 2030. This plan, with a total investment of ₹123.03 billion, has received support from the World Bank, with approximately 70% of the funds (₹86.16 billion) to be raised through World Bank loans, and the remaining 30% to be borne by relevant power companies.

The full name of the MAGESTIC plan is "Maharashtra Accelerated Green Energy and Storage Technology Integration in the Interconnected Grid." Its core measures include constructing 40 new substations, expanding transmission capacity, installing high-efficiency conductors, modernizing the existing transmission network, and deploying battery energy storage systems with a total capacity of 16,000 megawatt-hours. Additionally, the state government plans to provide phased equity support of ₹13.77 billion to the power company Mahavitaran between 2026 and 2031 to facilitate the smooth implementation of the plan.

The implementation of this plan will significantly enhance the level of renewable energy utilization in Maharashtra while reducing dependence on fossil fuels. By introducing advanced energy storage technology, the MAGESTIC plan is expected to enhance grid stability and set a benchmark for sustainable energy development in the region.

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