{"id":32479,"date":"2016-01-20T05:09:13","date_gmt":"2016-01-20T04:09:13","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=32479"},"modified":"2016-01-20T05:20:23","modified_gmt":"2016-01-20T04:20:23","slug":"32479","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/32479\/","title":{"rendered":"India to Build World’s Largest Solar Plant"},"content":{"rendered":"

Madhya Pradesh government has inked a pact with IFC, member of the World Bank Group, to set up the world’s largest solar energy plant with a capacity of 750 MW.<\/span><\/p>\n

The Rewa Ultra-Mega Solar Power Project will be set up in Gurh tehsil of Rewa district over an area of 1,500 hectares at an estimated cost of Rs 4,500 crore.<\/p>\n

The project will be the largest single-site solar power project in the world, a release said.<\/p>\n

The Memorandum of Understanding (MoU) was signed between Madhya Pradesh Renewable Energy Development Corporation and IFC.<\/p>\n

“Successful implementation of the Rewa Ultra-Mega Power project will be a key milestone for Madhya Pradesh’s outstanding efforts and leadership in renewable energy and the Centre’s remarkable vision on solar power,” the state’s Energy Minister Rajendra Shukla said.<\/p>\n

IFC, which is working with the Union government to assist in meeting its large-scale solar energy generation goals, is also supporting the state government for the project.<\/p>\n

Moreover, IFC will extend its global expertise to structure and implement the transaction to help attract private investments of about USD 750 million.<\/p>\n

Madhya Pradesh Urja Vika Nigam Limited (MPUVN) and the Solar Energy Corporation of India have created a joint venture company — Rewa Ultra-Mega Solar Power Limited — to implement the project.<\/p>\n

“With this project, India can demonstrate to the world that innovative business models and partnerships to build scale can help achieve challenging goals.<\/p>\n

“IFC is privileged to be part of India’s and Madhya Pradesh’s determined approach to build a sustainable future,” IFC’s Regional Director for South Asia Mengistu Alemayehu said.<\/p>\n

\"Solar<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Madhya Pradesh government has inked a pact with IFC, member of the World Bank Group, to set up the world’s largest solar energy plant with a capacity of 750 MW. The Rewa Ultra-Mega Solar Power Project will be set up … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-32479","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t