Maharashtra, India’s richest state, is drafting a policy to tokenize part of its electricity transmission infrastructure and use the proceeds to build new transmission lines and energy storage facilities, according to CoinDesk. Praveen Pardeshi, head of the state policy body MITRA, said a portion of transmission assets — even 40% or 50% — could be tokenized, with token holders receiving a share of transmission company revenue. He said the capital raised could help expand the grid and add solar-linked storage capacity to address the state’s mismatch between strong solar power generation and insufficient grid capacity. Pardeshi also pointed to the tokenized REIT example of Mumbai’s Express Towers commercial property, calling it a “win-win” for original owners and token investors. He said tokenization should not be viewed as privatization of public assets, but as a way to widen citizen participation in building public infrastructure. Separately, the state’s chief minister in July directed officials to draft the DELTA Act, a dedicated blockchain real estate tokenization bill. If passed, it would make Maharashtra the first Indian state with such legislation, though the bill remains in draft form.
Maharashtra, India’s richest state, is drafting a policy to tokenize electricity transmission infrastructure and channel the proceeds into new transmission lines and energy storage facilities, according to CoinDesk.
Plan centers on partial tokenization of transmission assets
Praveen Pardeshi, head of the state policy body MITRA, said part of the transmission asset base could be tokenized, "even 40% or 50%." Token holders would receive a share of revenue from the transmission company, while the funds raised could be used to expand grid capacity and build solar-related storage facilities.
He said the proposal is meant to address a local imbalance: the state has a large solar power surplus, but grid capacity is not sufficient.
Official says tokenization is not privatization
Pardeshi also cited the tokenized REIT example tied to Mumbai’s Express Towers commercial real estate. He described the structure as a "win-win" for both the original asset owners and investors holding the tokens.
He added that tokenization should not be treated as privatization of state assets, but as a way to let more citizens participate in building public assets.
DELTA Act remains at the drafting stage
Separately, the state’s chief minister in July directed officials to draft the DELTA Act, a dedicated law for blockchain-based real estate tokenization. If enacted, Maharashtra would become the first state in India to pass legislation of this kind. The bill is still being drafted.
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