The Madhya Pradesh Energy Development Corporation and the Solar Energy Corporation of India have signed a memorandum of understanding to accelerate the pace of construction of the world's largest ultra mega solar power plant of 750 MW capacity at Rewa in the presence of Union Minister of State for Energy Piyush Goyal and Madhya Pradesh Energy and Public Relations Minister Rajendra Shukla in New Delhi on Friday.
The agreement was signed by Principal Secretary Manu Shrivastava on behalf of the Madhya Pradesh Energy Development Corporation and Managing Director Ashwini Kumar on behalf of the Solar Energy Corporation of India for setting up a joint venture company.
Describing Madhya Pradesh as a pioneer State in solar energy sector, Goyal said Chief Minister Shivraj Singh Chouhan is a leader with foresight. Goyal said that investments are being made at a rapid pace in Madhya Pradesh. In view of agriculture and industrial prospects in future, additional power will be required for which planned and praiseworthy efforts are being made in State. He also congratulated Energy Minister Shukla for concrete efforts in this regard.
Shukla said that 1500 hectare land has been selected for the mega solar plant designed to generate 750 MW power. It will give employment to 1500 to 2000 workers. He said that the Power Grid Corporation of India will undertake transmission line work of the project. The Madhya Pradesh Power Management Company limited will purchase 40 per cent of power to be generated by the project, which will be completed by March 2017.
World Bank Country Director Onno Ruhl, Chairman of Power Grid Corporation RN Nayak, Joint Directors Tarun Kapoor and Raj Kumar and Director SN Shrivastava were present on the occasion.