Rewa solar power project will achieve commercial closure soon: IFC official


Rewa solar power project will achieve commercial closure soon: IFC official

The 750 MW Rewa solar project in Madhya Pradesh, which boasts of a three-tier payment security mechanism and optimal power scheduling arrangement, is expected to achieve commercial closure soon.

Power purchase agreements (PPAs) for one of the “world’s largest single-site solar project” are set to be signed next week, a senior official of the International Finance Corporation (IFC), which is the lead transaction adviser, said.

The project is being implemented by Rewa Ultra Mega Solar Power Ltd — a joint venture between Madhya Pradesh Urja Vikas Nigam Ltd (MPUVN) and the Solar Energy Corporation of India. Read More…

 

Credit By : Eenergy.economictimes.indiatimes

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