Mahatrastra to ubgrade Electricity Distribution netwrok of the state: Scouting for fund

The Maharashtra state cabinet approved to upgrade Maharashtra State Electricity Distribution Company Ltd (MSEDCL) with an investment of Rs 5,200-crore.

The cabinet has allocated Rs 1,300-crore from its kitty for the project, which will take four years to complete. The state also allowed MSEDCL to raise the remaining amount through bank loans. However, consumers might have to pay an additional 15 paise per unit after the project is completed.

Part of the up gradation 412 new substations, 37,000 new transformers and advanced meters will also be installed