Rewa project MoUs signed: CM says MP would be leading state in the field of solar energy

Senior Correspondent

NewsBits.in

Bhopal: Chief minister Shivraj Singh Chouhan has said solar energy is the energy of the future and MP would be a leading state in this field.

The CM was speaking on the occasion of signing of memorandums of understanding (MoUs) with developers of the Rewa Ultra Mega Solar Project on Monday. The 750 MW project is touted to be one of the biggest in the world.

Union urban development minister Venkaiah Naidu and union minister of state for renewable energy Piyush Goyal were present on the occasion. Goyal said Rewa Project has been accepted as the ideal standard of solar energy in the country.

Chouhan said MP Pradesh is committed and will leave no stone unturned in fulfilling its dream target of one lakh MW Solar energy. Venkaiah Naidu said the participation of six international organizations including France, Japan, Italy, Singapore in the auction of the Rewa Ultra Mega Solar Project is a significant achievement.

Goyal informed that availability of renewable energy has increased more than 370 percent in three years. Currently, 12,200 MW of renewable energy is available in the country compared to 2600 MW in the year 2014. By the end of 2017, the availability will be 20,000 MW which will be five times the earlier fixed target.

International Finance Corporation representative Isabelle Chatterton termed the Rewa project as an effective effort for stable development.

Rewa Ultra Mega Solar Limited Chairman Manu Shrivastava said to secure investment there have been innovations like state government guarantee, making Rewa to be made distribution point and increase in state government role.

As a result of transparent processes, financial and institutionalized innovations, the lowest rate of Rs 2.97 per unit of solar energy has been attained, he said.

In all, Seventeen agreements were signed between representatives of Mahindra Renewable Private Limited, MP Power Management Company Limited, Delhi Metro Rail Corporation, NRE Finance Department M.P Government, Mahindra Solenergy Agri Power Limited linked with Rewa Ultra Mega Solar Project.

State industry and mineral resources Minister Rajendra Shukla, energy minister Paras Jain, Energy Development Corporation Chairman VS Sisodia were also present.