India is all set to achieve a significant milestone in harnessing solar energy with the inauguration of Asia’s most significant 750 MW ultra-mega solar power project in Rewa, Madhya Pradesh by Prime Minister Narendra Modi on July 10, 2020. It is one of the largest single-site solar power plants in India and the world developed on 1,590 hectares of land in Gurh tehsil of Rewa district. The project will have three units of 250 MW each.
All you need to know about the 750 MW Rewa Solar Plant
- Named as Rewa Ultra Mega Solar Ltd, the solar project is a joint venture of Madhya Pradesh Urja Vikas Ltd and SECI is the implementation agency for the project under MNRE.
- International Finance Corporation (IFC), part of the World Bank Group, has invested close to Rs. 2,800 crore in the project.
- The solar project would prevent approximately 15.4 lakh tonnes of carbon dioxide emissions in the environment every year.
- Power Grid Corporation of India has developed the 220/400 KV inter-state transmission system under the green corridor to facilitate the evacuation of power from the project site to consumers.
- It is the first project to harness solar power in India consisting of two different categories of off-takers, Madhya Pradesh Power Management Company Limited MPP MCL, and Delhi Metro Rail Corporation (DMRC) with Discoms being the licensed utilities. MPP MCL will be getting 76 per cent of the power produced from the plant. DMRC will get 24 per cent of the energy produced and would cater to almost 90 per cent of its daily requirements.
- It is also the first solar park in the country to get funding from The World Bank and Clean Technology Fund in India.
- The solar power plant aims to substantially increase the distribution of solar energy in India as the demand for the transition to renewable energy has been on the rise in the recent years to cater to the residential and commercial consumption.
- The solar energy sector in India holds immense potential, and the Rewa solar power plant will assist in removing roadblocks in India’s massive adoption of clean electricity by making energy distribution companies profitable.
- India has a target of achieving 175 GW by 2022, and the Rewa solar power plant will contribute effectively in making this target by supporting Prime Minister Narendra Modi’s vision of Atma Nirbhar Bharat.
- While dedicating the 750MW Rewa project in Madhya Pradesh to the nation, Prime Minister Narendra Modi reiterated that solar energy would power aspirational India in the 21st century and the country was emerging as the most attractive market for clean energy because of the excellent progress made in this field.
- With Rewa solar power plant in Madhya Pradesh becoming fully operational, it has become India’s leading centre of solar energy with similar large projects in progress in Neemuch, Shajapur, Chattarpur, and Omkareshwar. The state’s weak, middle-class, tribals, and farmers would be the biggest beneficiaries of this project.
- Rewa solar energy plant is the first project in India to be supplying power to an inter-state open access customer, Delhi Metro. It is also the first project in India where solar power would be used for railway traction.
- Rewa solar plant is a step towards bringing down the solar energy prices in India. It is an initiative by the state rather than federal companies as the state of Madhya Pradesh floated the largest solar power tender not led by CPSUs. The solar plant demonstrated that solar energy can become viable on economic principles and does not need a subsidy.
- Innovative Payment Security Fund (PSF) for Rewa solar power plant was developed along with Indian Renewable Energy Development Agency (IREDA), based on economic principles rather than budgetary allocation.
- The reverse auction bidding process was tried for the first time in India with Rewa solar power project. Mahindra Renewables, ACME Solar Holdings, and Solengeri Power emerged as the winners of the bidding and were mandated to build 250 MW each.
- The success of Rewa and its uniqueness for supplying power to the Delhi Metro Rail Corporation has inspired others to contemplate similar projects. Indian Railways is considering setting up a similar solar power park in Madhya Pradesh to power its traction requirements.
- Rewa Ultra Mega Solar Ltd solar project opens up an entirely new chapter in the utilization of renewable energy in the country, where large institutional open access consumers can start procuring it inexpensively.
- Rewa solar power project has many unique features, and it is bound to encourage other Indian states to follow its model of producing clean energy at much lower rates.