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Madhya Pradesh launches a unique 750 MW solar PV project

Madhya Pradesh Power Management Company Limited (MPPM), Delhi Metro Rail Corporation (DMRC) and International Finance Corporation (IFC) have announced a tender for

a 3 x 250 MW solar photovoltaic (PV) project in Rewa, Madhya Pradesh.

MPPM, a holding company for all power distribution companies in the state, will buy most of the solar power from the proposed project, and DMRC will procure 363 million kWh annually, equivalent to 210 MW, from this project through open access route.

This is the largest long-term procurement of open access solar power by a bulk power consumer in India heralding the case for economic viability of solar power. The Rewa 750 MW project has been in development for almost two years now. The original plan was that it will be developed by Solar Energy Corporation of India (SECI) and funded with concessional World Bank financing alongside participation of private developers as minority shareholders.

 

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Thursday, 18 July 2019 10:30