Amp Energy India has announced that it has signed a power purchase agreement with Rewa Ultra Mega Solar Ltd (RUMSL) in Madhya Pradesh, for 100 mw capacity.
RUMSL is a joint venture of Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam Ltd. It has been designated as a solar power park developer by the Ministry of New and Renewable Energy for the state of Madhya Pradesh.
RUMSL is planning a 600-mw floating solar park at the Omkareshwar Reservoir, which is India’s largest and one of the world’s largest floating solar projects. The project will be developed in a phase wise manner, with 300 mw each to be developed in Phase-1 and Phase-2 at pre-identified locations at the Omkareshwar reservoir.
The project is under BOOT model for a fixed tariff of 25 years, will generate about 198 million kwh per year and will also help mitigate about 85,654 tonnes of CO2 per annum.
RUMSL has identified land for the development of the project on the reservoir and will lease space for the development of this floating solar park from NHDC.
SJVN also in pact
It may be mentioned that Central PSU SJVN Ltd, through its subsidiary SJVN Green Energy Ltd has also won the development rights of 90 mw at the Omkareshwar floating solar project.
The project was won at a tariff of Rs.3.26 per kwh on BOO basis, under a 25-year concession period. Estimated to cost Rs.585 crore, the project is scheduled for commissioning in 15 months and will generate 194 million kwh of green electricity annually.
Also read: Amp Energy India Appoints Singhi As Senior Director
The PPA for this project was signed on August 4, 2022 between SGEL, Madhya Pradesh Power Management Company Ltd and RUMSL.
Featured photograph is for representation only
