Overview
- MSEDCL signed a $1 billion loan agreement with the Asian Infrastructure Investment Bank to finance the solar-for-farmers expansion.
- The state announced plans to create India’s first separate electricity company for farmers to extend solar supply to every farmer by the end of next year.
- Officials set targets of roughly 10.45–10.50 lakh pumps statewide and a goal of 16,000 MW by moving agricultural feeders onto solar power.
- Implementation measures include a new online portal for farmer registrations and vendor service levels requiring grievance resolution within three days with escalation to MSEDCL.
- Leaders said expanded solar generation could allow a 3% annual reduction in electricity tariffs for other consumers.