Maharashtra State Power Generation Company (Mahanirmiti) recorded a combined financial loss of ₹2,480.07 crore across its thermal power centres in 2025-26, according to data compiled by the Maharashtra Electricity Regulatory Commission (MERC). The figures have raised questions about operational efficiency and accountability at the state-owned utility.
Among the four centres reviewed, Koradi Thermal Power Station near Nagpur suffered the highest loss at ₹908.88 crore, followed by Khaparkheda (over ₹362 crore), Chandrapur (₹206.96 crore), and Bhusawal (₹245.63 crore).
Experts attributed the losses to below-capacity power generation, rising coal and fuel costs, internal transmission inefficiencies, and unplanned outages. Staffing costs have also added to Mahanirmiti’s financial burden, they said.
Energy sector analysts stressed the need for better fuel planning, stricter maintenance schedules, and improved staffing to prevent further losses. Without structural reforms, they warned, the losses could worsen and ultimately be passed on to consumers.
Questions sent to Mahanirmiti’s Managing Director and senior officials on May 20 and June 26 went unanswered at the time of publication.
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