Madhya Pradesh Power Management Company to Launch a 750MW Solar Power Project

Three entities viz. Madhya Pradesh Power Management Company Limited(MPPM), Delhhi Metro Rail Corporation(DMRC) and International Finance Corporation(IFC) have come together to announce a tender for a 3 X 250 MW solar project in Rewa, Madhya Pradesh. MPPM, which holds all power distribution companies in the state of Madhya Pradesh, will buy most of the power generated by the proposed project, but quite interestingly DMRC will benefit around 363 million units of power per year from the proposed project, through an open access route. Major Highlights  Largest long-term procurement of open access solar power by a bulk power consumer in India heralding the case for economic viability of solar power Attractive opportunity for large international developers because of its large size and ready solar park infrastructure availability ...
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