Uploaded on Jul 14, 2020
PPT on Asia's Largest Rewa Ultra Mega Solar Park Project
Asia's Largest Rewa Ultra Mega Solar Park Project
Asia's Largest Rewa Ultra Mega Solar Park Project Introduction • The Rewa Ultra Mega Solar is the country's first solar plant to crack the barrier to grid parity. It is an active solar park spread over an area of 1,590 acres (6.4 sq.km) in the Gurh tehsil of Madhya Pradesh district Rewa. • The project was commissioned in December 2019, with a capacity of 750 MW. Source: News Chant Joint Agencies • The project's implementing entity, Rewa Ultra Mega Solar Limited (RUMSL), is a joint venture between Madhya Pradesh Urja Vikash Nigam Limited (MPUVNL) and the Solar Energy Corporation of India (SECI). • RUMSL was established in July 2015 with Manu Srivastava, Chief Secretary, New & Renewable Energy, Government of Madhya Pradesh as its Chairperson, and continued as its Chairperson until the project was completed. Source: India.com Target • The solar plant in Rewa exemplifies India's commitment to achieving the target of 175 gigawatt (GW) of renewable energy capacity installed by 2022. • The solar power plant would also minimize emissions equivalent to about 15 lakh tons of carbon dioxide annually. Source: Hindustan Times Record-Winning Bid • The project attracted global attention by landing in the country in 2017 through smart risk distribution a record low-winning bid of some 2.97 per kilowatt-hour (kWh). • It has since become an anthem for the clean-energy evangelists from India. Source: NDTV Tariff • It is the first such solar project by India to break the barrier to grid parity. The Solar project in Rewa achieved the first year tariff of Rs 2.97 per unit compared with the tariffs of the prevailing solar project in early 2017 of about Rs 4.50 per unit. • This also revealed a tariff increase of Rs 0.05 per unit over a 15-year period, and a levelized Rs 3.30 per unit over a 25-year period. Source: Pixabay Total Expenses • The developer has to pay Rs 5.4 crore land fees for each 250 MW unit, Rs 3.57 crore maintenance fees for every six months for the first 10 years for each 250 MW unit, Rs 75 lakh administrative fees for each 250 MW unit, Rs 5 crore local area fees (in two installments), 2.5 crore registration fees have to be charged beforehand. Source: NDTV Acknowledgement • It was known for its robust project structuring and developments in India as well as abroad. • As a model, the New and Renewable Energy Ministry has proposed other states its payment protection system to reduce the risks to power developers. Source: Pixabay Individuals Involved • The Rewa solar project has been accredited to two individuals – then Managing Director of MPUVNL Manu Shrivastava and former Joint Secretary at MNRE Tarun Kapoor, who have helped to develop the venture. • Kapoor also won the tag for the Rewa project as India's 'solar man' Source: NDTV PM’s View on the Project • As per, PM Modi will be a medium of 21st century energy needs not just for the present, since solar power is safe, pure and secure. The idea behind 'One World, One Sun, One Grid' is to satisfy the energy needs of the planet's many smaller nations. • Indian replicas of the Rewa solar plant in Shajapur, Neemuch and Chhatarpur are also under development, the Prime Minister noted. Source: The Statesman Conclusion • The Rewa Solar Power project has received the World Bank Group President's Award for its innovation and excellence. • The project also featured in the PM's "A Book of Innovation: New Beginnings." Source: The Economic Times
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