By: ENS Economic Bureau , Edited by Defined Desk | New Delhi |
Up to date: July 11, 2020 2:08:26 pm
A view of 750 MW Photo voltaic Energy Plant Challenge, inaugurated by Prime Minister Narendra Modi through video conferencing, in Rewa. (PTI Picture)
The 750- megawatt Rewa photo voltaic Energy Plant in Madhya Pradesh was devoted to the nation by Prime Minister Narendra Modi on Friday (July 10). The photo voltaic plant was arrange by the Rewa Extremely Mega Photo voltaic Restricted, a three way partnership between Madhya Pradesh Urja Vikas Nigam Restricted and the Centre’s Photo voltaic Vitality Company of India (SECI). The challenge has additionally acquired Rs 138 crore monetary help from the central authorities.
The plant consists of three solar energy producing items which can be positioned on a 500-hectare plot of land inside a 1,500-hectare photo voltaic park. Mahindra Renewables Pvt, Arinsun Clear Vitality Pvt, and ACME Jaipur Photo voltaic Energy Pvt are the three firms that bagged the mandate to construct the three producing items, with a bulk of the tools for it coming from China.
Is it the most important photo voltaic plant in Asia?
The 750-MW photo voltaic plant is sort of massive by way of scale, and is anticipated to scale back the nation’s emission drastically, by an quantity equal to 15 lakh tonne of carbon dioxide yearly. However whereas it is without doubt one of the largest single-site solar energy crops in India, it isn’t the most important in Asia.
The excellence of the world’s second largest photovoltaic energy station goes to the Bhadla Photo voltaic Park, with a capability of two,245 MW, in Jodhpur district in Rajasthan, and the Pavagada Photo voltaic Park in Tumkur district, Karnataka, which has a capability of two,050 MW. In keeping with information from Bloomberg New Vitality Finance, there are 9 photo voltaic crops which can be greater than the one at Rewa.
📢 Specific Defined is now on Telegram. Click on here to join our channel (@ieexplained) and keep up to date with the most recent
The Rewa solar energy plant will provide energy to Madhya Pradesh in addition to the Delhi Metro. (PTI Picture)
What are the elements of the plant?
The challenge has three items of 250 MW every. The method of reverse public sale in bidding for tasks was tried for first time in India for this challenge, with Mahindra Renewables, ACME Photo voltaic Holdings, and Solengeri Energy rising because the winners for the challenge’s three items at tariffs of Rs 2.979, Rs 2.970, and Rs 2.974, respectively, for the primary 12 months.
Worldwide Finance Company, a World Financial institution group firm, has invested near $440 million or Rs 2,800 crore within the challenge and Energy Grid Company of India has developed the 220/400 KV inter-state transmission system underneath inexperienced hall to facilitate evacuation of energy from the challenge web site to shoppers.
The challenge has three items of 250 MW every. (PTI Picture)
Who will purchase energy from the challenge?
That is the primary photo voltaic challenge in India the place totally different classes of shoppers have contracted to purchase energy — Madhya Pradesh Energy Administration Firm Restricted (which is able to get 76 per cent of the ability from the plant) and the Delhi Metro Rail Company (DMRC being an open entry shopper). It is usually the primary challenge to get funding from The World Financial institution and Clear Know-how Fund in India.
📣 The Indian Specific is now on Telegram. Click on here to join our channel (@indianexpress) and keep up to date with the most recent headlines
© The Indian Specific (P) Ltd