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HomeBusinessCurtain raiser: PM to unveil 750 MW Rewa Solar Park on July 10

Curtain raiser: PM to unveil 750 MW Rewa Solar Park on July 10

08 July 2020: The Madhya Pradesh Chief Minister Shivraj Singh Chouhan has informed the media that Prime Minister Narendra Modi will dedicate to the nation Asia’s largest 750 MW Rewa Ultra-Mega Solar plants in Madhya Pradesh via video conferencing on 10th July 2020. Spread over 1,590 acres of land, the Rs 4000 crore Rewa Ultra Mega Solar project is located in Rewa district of Vindhya region of Madhya Pradesh. It is said to be one of the largest single-site solar power plants in Asia. When the new Rewa Ultra Mega Solar Park becomes operational, about 24 percent of energy from the park will be sold directly to Delhi Metro, meeting roughly 80 percent of its daytime energy requirements.

A joint venture company by the name of Rewa Ultra Mega Solar Limited (RUMSL) was set up by the Solar Energy Corporation of India (SECI) and Madhya Pradesh Urja Vikash Nigam Limited (MPUVNL) for the successful implementation of the project.

The World Bank and the IFC are helping India establish large-scale solar parks and supporting the government of India’s plans to install 100 gigawatts (GW) of solar power out of a total renewable-energy target of 175 GW by 2022. Towards this end, in January 2018, the World Bank had approved USD 30 million loan for the internal infrastructure of the project. The World Bank and the Clean Technology Fund are helping to de-risk and buy down the cost of the solar park infrastructure as part of a $100 million financing package to support solar parks in India.

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