Indian State Maharashtra Eyes Tokenized Power Grid Funding
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6 Articles
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Cryptocurrency News | Cryptocurrency Prices | Market CapIndian state Maharashtra eyes tokenized power grid funding
India’s Maharashtra state has begun preparing policies to tokenize up to 50% of selected electricity transmission assets to finance new power lines and solar energy storage facilities. Maharashtra considers tokens tied to power revenue Praveen Pardeshi, chief economic adviser to…
Maharashtra analyses tokenizing between 40% and 50% of assets selected from its transmission network to capture resources destined for new power lines and solar storage centers, although it still does not define the rights, regulation or timing of an eventual offer.
Maharashtra Plans Blockchain Tokenization of State Assets
Maharashtra is developing a policy to tokenize government assets on blockchain, potentially using its electricity transmission infrastructure to raise capital for new power lines and energy storage projects. Praveen Pardeshi, CEO of the Maharashtra Institution for Transformation (MITRA) and chief economic advisor to the chief minister, said the state wants to establish a regulatory framework that supports government asset tokenization. He outlin…
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