PM Modi to Dedicate 750 MW Rewa Solar Project to the Nation

• PM Narendra Modi will dedicate to the nation the 750 MW Solar Project established at Rewa, Madhya Pradesh on July 10, 2020.

Head Of State Narendra Modi will commit to the country the 750 MW Solar Project set up at Rewa, Madhya Pradesh on July 10, 2020. The Rewa Ultra Mega Solar Park in Madhya Pradesh comprises of three solar generating units of 250 MW each situated on a 500-hectare story of land located inside a Solar Park (complete location 1500 hectare).

The Solar Park was developed by the Rewa Ultra Mega Solar Limited (RUMSL), a Joint Venture firm of Madhya Pradesh UrjaVikas Nigam Limited (MPUVNL), and the Solar Energy Corporation of India (SECI). A Central Financial Assistance (CFA) of Rs 138 crore has been provided to RUMSL for the advancement of the park.

Mahindra Renewables, ACME Jaipur Solar an SPV of ACME Solar, as well as Arinsun Clean Energy were chosen by RUMSL with an e-reverse auction for establishing the three solar producing devices of 250 MW each inside the solar park.

The projects constructed in the park were the very first in the country to damage the grid parity barrier. Contrasted to dominating solar project tolls of around Rs. 4.50/ system in very early 2017, the projects achieved historical results: first-year toll of Rs. 2.97/ device with a tariff escalation of Rs. 0.05/ device over 15 years and a levelised price of Rs. 3.30/ device over the regard to 25 years.

The 3 projects are anticipated to lower carbon discharge comparable to roughly 15 lakh tonnes of CO2 per year.

The project has actually been acknowledged in India as well as abroad for its durable project structuring and developments. Its settlement safety and security mechanism for reducing risks to power designers has actually been advised as a model to other states by MNRE. It has actually additionally gotten the World Bank Group President's Award for innovation and also excellence.

The project is also the first renewable energy project to provide to an institutional client outside the State, i.e. Delhi Metro, which will get 24 percent of power from the project with the continuing to be 76 percent being supplied to the state Discoms of Madhya Pradesh.

According to a press statement, the solar park exhibits India's commitment to acquiring the target of 175 GW of installed renewable energy capability by the year 2022, including 100 GW of solar mounted ability.