India to build the world’s largest 750 MW solar power project

The
State Government of Madhya Pradesh has approved the construction of a 750MW
solar power station in Gudh region of Rewa district in India. Madhya Pradesh
Government spokesperson Narottam Mishra said the state cabinet approved the
proposal to develop the world’s largest solar power station at Gudh.

The
state’s Ministry of New and Renewable Energy Department will provide land to
set up the Rs45bn (approximately $710m) green power generation station,
reported Press Trust of India. The centre and the state governments have
established a joint venture company to commission the project.

State-owned
Power Grid Corporation of India will lay the transmission line for the project.
Madhya Pradesh Power Management Company will transfer 40% of power generated
from the project to the state government. 

Madhya Pradesh New and Renewable
Energy additional chief secretary Mohanty told that plant will be developed in
three segments of 250MW each. The project is likely to be completed by March
2017. He said cost of project is around Rs 5,000 crore. The expected cost of
power production will be around Rs 5.50 per unit.

“We
have to sign a joint venture agreement between state-run PSU Urja Vikas Nigam
and Solar Energy Corporation of India and a detailed project report will be
prepared.  “Preliminary reports are
already prepared and we will complete formalities by April and we will be in a
position to invite tenders.”

Being
developed as part of Indian Government’s Ultra Mega Power Plants project, the
solar plant is expected to source photovoltaic modules from domestic market. The
government is seeking loan from the World Bank to finance the plant.

America’s
550-MW Desert sunlight solar project in California which was commissioned in
February this year is the biggest solar project, as of now. Once commissioned
in 2017, MP’s project will be the biggest in the world. 
(Source: CTBR)

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