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Maharashtra splits power utility to manage debt and fund modernization.
Maharashtra’s cabinet approved splitting its power distribution company, Mahavitaran, into two entities to address a massive debt load.
One will focus on industrial and commercial consumers and is set for an IPO, while the other will handle agricultural power with a focus on solar expansion.
The state will issue bonds to manage the debt and fund modernization efforts.
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Maharashtra divide el servicio de energía para administrar la deuda y financiar la modernización.