Mahesh Makhija: Director, Business Development and Commercial (Renewables), Apraava Energy Private Limited

Director, Business Development and Commercial (Renewables), Apraava Energy Private Limited

Mahesh Makhija Director, Business Development and Commercial (Renewables), Apraava Energy Private Limited

As director, business development and commercial (renewables) at Apraava En­er­gy, Mahesh Makhija is res­ponsible for developing the company’s renewable energy business and ensuring that its projects meet business ta­r­ge­ts. Prior to joining Apraa­va Energy, Makhi­ja worked with Enercon India and Arthur Andersen & Co.

Makhija believes that the Indian pow­er sector is evolving at a rapid pace, continually redefining the industry outlook. “The government’s focus on achieving pow­er for all has accelerated capacity addition. We ha­ve witnessed a massive transformation in India’s renewable sector, making it a front runner in the renewable energy spa­ce. The sector’s growth is forecasted to att­ract investments worth $128.24 billion-$135.37 billion between 2018-19 and 2022-23,” rema­rks Makhija. India’s climate vision is am­bitious and needs a fra­me­wo­rk that enables its ti­mely ac­hie­vement. Accord­i­ng to Ma­khi­ja, the challenges with res­pect to land, RoW, and state appro­vals co­n­­tinue to impact project implementation. Non-CTU connected state-level renewable energy projects continue to face financial challenges due to payment de­­lays by many state utilities.

Talking about the company, Makhija notes that it embarked on a transfor­ma­ti­onal journey with the unveiling of its new corporate identity, Apraava Energy, in Oc­to­ber 2021. “As a step towards stre­ngthening this growth, CDPQ and the CLP Gr­oup agreed to the sale of a 10 per cent stake in Apraava Energy by CLP to CDPQ, bringing their respective stakes in the company to 50 per cent,” says Makhi­ja. “We also recently concluded the ac­qui­sition of 49 per cent equity of Kohima-Mariani Transmission Limited from Kal­pataru Power Transmission Li­mited and Techno-Electric and Enginee­ring Com­pa­ny Limited. The remaining 51 per cent stake will be acquired as per the terms of the transmission service agreement,” he says.

Makhija recalls his most memorable assignment as the execution of a 113 MW wind project, spread across six hills of Ma­harashtra. The project involved de­vi­sing innovative approaches for de­velopment, construction, financing and operations. Ma­khija is results oriented and be­lie­ves in providing flexibility and freedom to his team to achieve individual and collective results.

A qualified chartered accountant and a lawyer, Makhija also has an MBA from the Melbourne Business School. Talking ab­out personal interests, he says he is pa­ssionate about culinary arts.