“Solar energy is going to be a major medium of energy needs not only today but in the 21st century. Because solar energy is sure, pure and secure.”
These were the words from Prime Minister Narendra Modi on 10th of July, while he inaugurated Asia’s largest, Rewa Ultra Mega Solar Power Project in Madhya Pradesh’s Rewa by video conferencing.
The project exemplifies India’s commitment to attaining the target of 175 GW of installed renewable energy capacity by 2022. It will not just benefit the state but the entire world as a secure foundation for a clean environment, the PM added. The 750-megawatt ultra mega solar power plant will help in cutting emission equivalent to approximately 15 lakh tonne of carbon dioxide every year, to the nation through video conferencing.
“As we are launching large projects of renewable energy, we are also making sure that our determination towards clean energy is seen in every aspect of life. We are trying that its benefits reach every corner of the country, every section of society, every citizen”, PM added.
What is the Rewa Project?
The Rewa Ultra Mega Solar Limited (RUMSL), a joint venture of state-owned Solar Energy Corporation of India (SECI) and Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL), comprises three solar generating units of 250MW each located on a 500-hectare plot of land inside a solar park with a total area of 1500 hectare.
Central financial assistance of Rs 138 crore has been provided to RUMSL for the development of the park.
Mahindra Renewables Private Ltd, ACME Jaipur Solar Power Private Ltd and Arinsun Clean Energy Private Ltd were selected by RUMSL through a reverse auction for developing the three solar generating units.
The project is the first renewable energy project to supply to an institutional customer outside the state, the Delhi Metro Rail Corporation (DMRC). It will get 24 per cent of energy from the project with the remaining 76 per cent being supplied to the state discoms of Madhya Pradesh. It is India’s first such solar project to break the grid parity barrier. In comparison to the tariffs of prevailing solar project in early 2017 of around Rs 4.50 per unit, the Solar project in Rewa achieved the first year tariff of Rs 2.97 per unit. Moreover, it showed a tariff escalation of Rs 0.05 per unit over the period 15 years and a levelled rate of Rs 3.30 per unit over a period of 25 years.
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