On Monday, Madhya Pradesh Power Management Company and the Delhi Metro Railways Corporation are expected to sign an agreement regarding the power purchase plan from Rewa Ultra Mega Solar Ltd. Rewa is by far the “world’s largest single-site solar project”.
Rewa Ultra, 750 megawatt solar park, promised to produce the cheapest solar power. The project has recently finished its first phase. The signing of the solar power purchase agreement among the developers, Delhi Metro Rail Corporation (DMRC), Madhya Pradesh Power Management Company Ltd (MPPMCL), Rewa Ultra Mega Solar Limited (RUMSL), Power Grid Corporation of India Limited (PGCIL) and New and Renewable Energy Department (NRED) will depict the commercial conclusion of the very 1st phase of the set-up of the project.
“These agreements will be signed in Bhopal on April 17 in the presence of chief minister Shivraj Singh Chouhan, Union minister of urban development M Venkaiah Naidu, Union minister of power Piyush Goyal,” said the principal secretary of new & renewable energy and MD (Managing Director) of Madhya Pradesh, Urja Vikas Nigam and Manu Shrivastav.
The achievements of the 750 megawatts Rewa Ultra Solar Project was explained by him. He said that the projects had achieved a historic result with an all-new record for the 1st year tariff of about Rs 2.97/unit of electricity and a levelised tariff of INR 3.30 over the term period of 25 years during the enthusiastic auction that took place online. The online auction had lasted for a complete 33 hours and was completed on 10th February.
The solar power park that is being set up by Rewa Ultra Mega Solar Ltd is a joint venture between Solar Energy Corp. of India and the Madhya Pradesh Urja Vikas Nigam (MPUVN).
It was reported that the 750-megawatt solar park would be developed in three separate segments of 250 megawatts each, which would be spread over an area of 1,500 hectares of property in Gurh-Tehsil of Rewa. This project is estimated to cover 5 villages of Barseta.
On the completion of project, Rewa Power Plant will generate clean energy. This would overtake the 648-megawatt solar power plant in the state of Tamil Nadu at Kamuthi, which at present is the largest solar plant in India.
The power produced from the Rewa Solar Power Park will suffice 90 percent of daytime prerequisite of Delhi Metro. Meanwhile, the remaining power would be bought from the state govt. of Madhya Pradesh.