To recover losses, MahaGenco to sell electricity in open market

Mumbai | Tuesday | 18th September, 2018

Summary:

Due to this, Maharashtra State Electricity Generation Company Limited (MSEGCL) or MAHAGENCO has been permitted to sell electricity in the open market. MahaGenco is looking at exploiting this unused electricity and sell it in the open market. MONEY GAMERs 40,000 crore: Losses of MSEDCLRs 24,000 crore: Amount owed by farmersRs 10,000 crore: MSEDCL owes to MahaGenco We intend to sell around 10-15 per cent of electricity generated in the open market," said Bipin Shrimali, Chairman and Managing Director, MSEGCL. However, it has now got trading license from relevant authorities to sell electricity outside..