PM Modi inaugurates Asia’s largest solar plant, says India most attractive global market for clean energy

NewsBharati    10-Jul-2020 09:22:30 AM
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New Delhi, July 10: Prime Minister Narendra Modi inaugurated the 750 MW Solar Project set up at Rewa, Madhya Pradesh on Friday.  He said the project will make the entire region a major hub for pure and clean energy in this decade and India is being considered as the most attractive market of clean energy as this project aims to reduce carbon emission equivalent to approx. 15 lakh ton of CO2 per year.
 
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Speaking on the occasion, PM Modi said very soon Madhya Pradesh would be the main center of Solar Energy in India, as such major projects are in progress in Neemuch, Shajapur, Chattarpur, and Omkareshwar. The poor, the middle class, the tribals, and the farmers of Madhya Pradesh will be benefitted the most from this project he added. Further, he added that India’s exemplary progress in the field of Solar Energy would be a major source of interest to the World. He said owing to such major steps, India is being considered as the most attractive market of clean energy.
 
 
Prime Minister said Solar Energy would be a major medium for providing the energy needs of an aspirational India in the 21st Century. Describing the Solar Energy as one which is ‘Sure, Pure & Secure’, he said it is because of the continuous supply of Energy from the Sun, Pure as it is environment friendly and Secure because it is a secure source for our energy needs. He batted for Aatmanirbhar Bharat as Solar Energy projects are a true representation of self-reliant India.
 
 
Referring to the regular dilemma of whether to focus on Economy or Ecology, Prime Minister said India resolved such dilemmas by focussing on Solar Energy Projects and other environmentally friendly measures.He said Economy and Ecology are not contradictory but complementary to each other. He said the economy is an important aspect of self-reliance and progress.
 
This project comprises of three solar generating units of 250 MW each located on a 500-hectare plot of land situated inside a Solar Park (total area 1500 hectare).
 
 
 
The solar park was developed by the Rewa Ultra Mega Solar Limited (RUMSL), a Joint Venture Company of Madhya Pradesh UrjaVikas Nigam Limited (MPUVN), and Solar Energy Corporation of India (SECI), a Central Public Sector Undertaking. The government has provided Central Financial Assistance of Rs. 138 crore h to RUMSL for development of the park.
 
Referring to the ongoing crisis owing to the pandemic COVID-19, the Prime Minister said for either the Government or the society, compassion and vigilance are the greatest motivators to tackle this difficult challenge. He said right from the beginning of the Lockdown the Government ensured that the poor and needy are assured of supply of food and fuel. He said with the same spirit, the Government decided to continue the free supply of food and LPG till November this year, even during the phase of unlockdown. 
 
The project was the first solar project in the country to break the grid parity barrier. It will reduce carbon emission equivalent to approx. 15 lakh ton of CO2 per year. It is an example of the excellent results that can be achieved if there is a synergy between Central and State Governments.
 
The Rewa project has been acknowledged in India and abroad for its robust project structuring and innovations. Its payment security mechanism for reducing risks to power developers has been recommended as a model to other States by MNRE. It has also received World Bank Group President’s Award for innovation and excellence and was included in the book “A Book of Innovation: New Beginnings” released by Prime Minister.
 
"The project is also the first renewable energy project to supply to an institutional customer outside the State, i.e. Delhi Metro, which will get 24% of energy from the project with the remaining 76% being supplied to the State DISCOMs of Madhya Pradesh. It also exemplifies India’s commitment to attaining the target of 175 GW of installed renewable energy capacity by the year 2022, including 100 GW of solar installed capacity," the statement from release read.