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PM Narendra Modi inaugurates Rewa Solar Power Project in MP

Rewa Solar Power Project: The Prime Minister in his inaugural address said that the solar plant will not only provide electricity to the industries in Rewa and but also to metro rail in Delhi.

Jul 10, 2020 13:10 IST
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Prime Minister Narendra Modi inaugurated the 750 MW Rewa Ultra Mega Solar Power Project in Madhya Pradesh through video conferencing on July 10, 2020. Madhya Pradesh Governor Anandiben Patel was also present in the virtual programme along with MP CM Shivraj Singh Chouhan and Power and Union Renewable Energy Minister RK Singh.

The Prime Minister in his inaugural address said that the solar plant will not only provide electricity to the industries in Rewa and but also to metro rail in Delhi. Besides Rewa, solar power plants are also being developed at Shajapur, Chhatarpur and Neemuch. PM Modi said that when all these projects are ready, Madhya Pradesh will become a hub of cheap and clean electricity, benefiting the poor, middle-class families, tribals and farmers of the state.

PM Modi said that solar energy will be a medium of energy needs of the 21st century because solar power is pure and secure. 

Rewa Solar Power Project

Prime Minister Modi dedicated the 750 MW Rewa solar project to the nation at 11 am through virtual meeting at Rewa in Madhya Pradesh. Spread over 1,590 acres of land, it is one of the largest single-site solar power plants in Asia. 

The ultra-mega solar power project comprises three solar units of 250 megawatt each on a 500 hectare plot inside the Solar Park. It is expected to help reduce carbon emission equivalent to about 15 lakh ton of CO2 per year. 

The project will be the first renewable energy project to supply institutional customers outside the state, including Delhi Metro. 

As per reports, around 24 percent of the power generated by the Rewa Ultra Mega Solar Plant will go to Delhi Metro Rail Services. The remaining 76 per cent will be supplied to the state distribution companies of Madhya Pradesh.

The solar project was developed by Rewa Ultra Mega Solar Limited (RUMSL). The company is a joint venture of Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam Limited.

The total cost of the project is expected to be around Rs 4000 crore. In January 2018, the World Bank had approved USD 30 million loan for the internal infrastructure of the project.

The centre had provided financial assistance worth Rs 138 crore to RUMSL for the development of the solar park. 

Significance

The Rewa project is being acknowledged for its robust structuring and innovations. Its payment security mechanism is expected to reduce risks to power developers and has been recommended as a model to other states by the Renewable Energy Ministry.

Background

The Rewa Solar Project is first solar project in the country to break the grid parity barrier. Prime Minister Narendra Modi has set the national goal to achieve 100 GW of solar power generation capacity by 2022 when India will complete 75 years of its Independence from British rule. The inauguration of the mega solar power plants will be a forward step for India in realising this goal and shifting dependence on more environment-friendly and renewable energy sources.

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