To ensure viability of its ultra mega solar energy park at Rewa, the Madhya Pradesh government will extend a state guarantee to the flagship project.
Billed as the world’s largest contiguous solar park, the project entails an investment of Rs 7,500 crore.
The guarantee would ensure against a default in payment to Rewa Ultra Mega Solar (RUMS), a joint venture of the state’s Urja Vikas Nigam and the Union government’s Solar Energy Corporation of India.
The state Cabinet is likely to approve the guarantee this week. The park is expected to have a capacity of 750 Mw.