The Maharashtra Electricity Commission (MERC) has instructed Tata Power s distribution arm in Mumbai to extend its power purchase agreement (PPA) with the company s generating units for an additional five years. The decision allows for the continued generation from Tata Power s units in suburban Trombay.
Chief Minister Uddhav Thackeray, who was present for 1 hour 10 minutes during the presentation of the budget by Pawar, said that the implementation of Panchasutri will help the state become a $1 trillion economy.