Rewa project is a living example of transparency that Madhya Pradesh Government believes in.
The bidding for the project was conducted online for as long as the bidders were interested, 33 hours without stop. The project made possible an investment of over Rs 4,000 crore in the state said Chief Minister Shivraj Singh Chauhan.
He said that the environmental impact of the project is like planting 2.6 crore trees.
He added that the project has started producing merely 17 months from the historical bidding in February 2017, which has been possible because of the support of the entire State Government.
The RUMS is unique in various ways. It would provide 750 MW Project to meet 90% of Day Demand of Delhi Metro, first Solar Project in India having different Categories of Off-take Customers, project would lead to of CO2 avoidance of 15.4 lac tonnes annually, which would need planting of 2.6 crore trees, only project with World Bank & CTF loan and claimed World Bank President’s Award for transaction structure.
Rewa Ultra Mega Solar limited (RUMS), today announced that power supply from the Rewa Solar Power Project has commenced from midnight of July 6, 2018.
Minister for New & Renewable Energy Narayan Singh Kushwaha, said that “it is a matter of happiness that the project would give environmentally friendly power to the state at an extremely low rate of Rs. 2.97 per unit, which is even less than our average power procurement cost. It is also a matter of happiness that, after meeting the requirement of Madhya Pradesh, the power would also be supplied to Delhi Metro and Delhi Metro would run on MP’s power.”
The Rewa Solar plant is India’s first and till now the only solar project to get funding from Clean Technology Fund (CTF), which is available at a rate of 0.25% for a 40-year period. It is also the first and the only solar park in India to get a concessional loan from the World Bank. The project was included in the Prime Minister’s “A Book of Innovation: New Beginnings”. The project is an expression of commitment of Madhya Pradesh to fulfill the promises made by India to the world community and to the next generation of developing 100 GigaWatt solar energy by 2022.