Delhi Metro to sign agreement for Rewa Solar Power

Delhi Metro to sign agreement for Rewa Solar Power
17/04/2017 , by , in ALLIED

Delhi Metro Railways Corporation and Madhya Pradesh Power Management Company will sign a power purchase agreements with Rewa Ultra Mega Solar Limited, the implementing agency for the “world’s largest single-site solar project”, here.

The 750 MW solar park that will produce cheapest solar power has recently completed its first phase. Signing of power purchase agreement between the developers, MPPMCL (Madhya Pradesh Power Management Company Limited), DMRC (Delhi Metro Rail Corporation), RUMSL (Rewa Ultra Mega Solar Limited), NRED (New and Renewable Energy Department) and PGCIL (Power Grid Corporation of India Limited), will mark the commercial closure of the first phase of the development of the project.

“These agreements will be signed in Bhopal on April 17 in the presence of chief minister Shivraj Singh Chouhan, Union minister of urban development M Venkaiah Naidu, Union minister of power Piyush Goyal,” principal secretary, new and renewable energy and managing director of Madhya Pradesh Urja Vikas Nigam, Manu Shrivastav, told TOI. He further informed that the 750 MW Rewa Ultra Mega Solar Project had achieved historic results with a record low first year tariff of Rs 2.97 per unit of electricity and a levelised tariff of Rs 3.30 over the term of 25 years, in the enthusiastic online auction, which lasted 33 hours and was completed on February 10.

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