NTPC Renewable Energy, SJVN Green Energy, and Hinduja Renewables Energy have emerged victorious in the Rewa Ultra Mega Solar’s (RUMSL) latest auction.
The auction pertains to the development of a 300 MW floating solar park, marking Phase II of the project and located at the Omkareshwar reservoir in Madhya Pradesh. SJVN Green Energy secured a substantial 90 MW capacity at an impressive ₹3.79 per kWh. NTPC Renewable Energy secured 80 MW at a rate of ₹3.80 per kWh., while Hinduja Renewables Energy secured an additional 80 MW with a tariff of ₹3.89 per kWh.
The tender was floating in the April this year. The floating solar park, projected to encompass a total of 300 MW, is comprised of three interconnected units of grid-connected floating solar photovoltaic projects. Upon selection, the winning bidders are obligated to enter into a 25-year power purchase agreement with the Madhya Pradesh Power Management Company (MPPMCL), acting on behalf of the state’s three distribution companies. As per the terms of the agreement, the winning bidders will undertake the projects on a Build-Own-Operate basis. RUMSL will facilitate the essential power evacuation infrastructure, ensuring seamless interconnection of the projects up to the delivery point.
In the month of May this year Rewa Ultra Mega Solar (RUMSL), a collaboration between Madhya Pradesh Urja Vikas Nigam (MPUVN) and Solar Energy Corporation of India (SECI), has initiated a request for proposal (RFP) to select a developer for pumped hydro storage (PHS) projects totaling 13.8 GW. These projects are distributed across various sites in the state of Madhya Pradesh.