A cabinet meeting chaired by the Chief Minister of India’s Madhya Pradesh, Mr Shivraj Singh, has approved the proposal for commissioning the world’s largest solar power plant in the Rewa District.
As per projects announced until now, once commissioned the proposed Solar Park would be the world’s largest solar PV power plant, with a total solar installed capacity of 750 MW. Acquisition of 1,500 hectares of land for the Rs45 billion ($750 million) project is said to be close to completion.
Slowly but steadily, Madhya Pradesh has been upping its game by creating a solar friendly investment climate, currently placed third after Gujarat and Rajasthan in terms of solar power installed capacity. Earlier we’d reported on how the project had received a pledge of low cost financing support from the World Bank, to an extent of 49% of the project cost.
The state government has floated a joint venture with the Solar Energy Corporation of India (SECI), to develop the power plant as a solar park. The entire capacity will be completed in three tranches of 250 MW each. In fact, SECI has plans to inaugurate the plant just in time for the 2016 Independence Day celebrations in India.
Once completed, the project is expected to generate about 1.25 billion units of electricity every year, offsetting about 1 million tonnes of CO2 emissions.
With the work on land acquisition complete, and laying of transmission lines under way (by Power Grid Corporation of India), SECI would be looking to start the tender process for the solar park in the very near future. A part of the plant capacity is expected to be reserved for domestic manufacturers.
Currently, the solar park at Charanka, Gujarat, is India’s largest solar power project (with over 210 MW capacity).