Maharashtra explores tokenizing 40%-50% of power transmission lines

  • Maharashtra is preparing to tokenize selected electricity transmission assets.
  • Maharashtra could tokenize 40% to 50% of a transmission line.
  • Maharashtra is drafting the DELTA Act for blockchain-based property tokenization.

Maharashtra is preparing policies to tokenize 40% to 50% of selected electricity transmission assets, allowing investors to receive a share of revenue generated by Maharashtra State Electricity Transmission Company, or Maharashtra Transco. Proceeds would be directed toward new transmission capacity and solar-energy storage, addressing a grid bottleneck that leaves surplus solar power unavailable during periods of peak demand. Praveen Pardeshi, chief economic adviser to Maharashtra Chief Minister Devendra Fadnavis and CEO of the Maharashtra Institution for Transformation, presented the concept at The Box Launch in Mumbai. The state is also drafting the Maharashtra Digital and Land Token Asset Trading Act, or DELTA Act, to establish rules for blockchain-based property tokenization. Key details, including eligible assets, investor access, tokenholder rights, revenue-distribution arrangements, blockchain infrastructure and sale timing, have not been announced.

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