– globalbihari bureau
New Delhi: Prime Minister Narendra Modi dedicated Asia’s largest power project – the Rewa Ultra Mega Solar Power project — to the Nation via video conference on Friday.
Developed by the Rewa Ultra Mega Solar Limited (RUMSL), a Joint Venture Company of Madhya Pradesh Urja Vikas Nigam Limited (MPUVN), and Solar Energy Corporation of India (SECI), a Central Public Sector Undertaking, the 750 MW Solar Project set up at Rewa, Madhya Pradesh.
A Central financial assistance of Rs. 138 crore had been provided to RUMSL for development of the Park.
The project comprises of three solar generating units of 250 MW each located on a 500 hectare plot of land situated inside a Solar Park (total area 1500 hectare). These three units were developed by Mahindra Renewables Private Ltd., ACME Jaipur Solar Power Private Ltd., and Arinsun Clean Energy Private Ltd were selected by RUMSL through reverse auction for developing them.
The Rewa Solar Project was the first solar project in the country to break the grid parity barrier. Compared to prevailing solar project tariffs of approximately Rs. 4.50/unit in early 2017, the Rewa project achieved a first year tariff of Rs. 2.97/unit with a tariff escalation of Rs. 0.05/unit over 15 years and a levelized rate of Rs. 3.30/unit over the term of 25 years.
This project is expected to reduce carbon emission equivalent to approx. 15 lakh ton of CO2 per year.
Speaking on the occasion the Prime Minister said the Rewa project will make the entire region a major hub for pure and clean energy in this decade. The Prime Minister praised the effort in that it will also supply power to the Delhi Metro, along with the entire region surrounding Rewa.
He said very soon Madhya Pradesh would be the main centre of Solar Energy in India, as such major projects are in progress in Neemuch, Shajapur, Chattarpur and Omkareshwar.