The PM has inaugurated the 750 MW Solar Project set up at Rewa, Madhya Pradesh.

Try this question from CSP 2017:

Q. The term ‘Domestic Content Requirement’ is sometimes seen in the news with reference to-

(a) Developing solar power production in our country

(b) Granting licences to foreign T.V. channels in our country

(c) Exporting our food products to other countries

(d) Permitting foreign educational institutions to set up their campuses in our country

Rewa Solar Project

• This project comprises of three solar generating units of 250 MW each located on a 500-hectare plot of land situated inside a Solar Park (total area 1500 hectare).
• The Solar Park was developed by the Rewa Ultra Mega Solar Limited (RUMSL), a Joint Venture Company of Madhya Pradesh Urja Vikas Nigam Limited (MPUVN), and Solar Energy Corporation of India (SECI), a PSU.
• The Project was the first solar project in the country to break the grid parity barrier.
• This project will reduce carbon emission equivalent to approx. 15 lakh ton of CO2 per year.

Tariff management

• Compared to prevailing solar project tariffs of approx. Rs. 4.50/unit in early 2017, the Rewa project achieved historic results.
• It has a first-year tariff of Rs. 2.97/unit with a tariff escalation of Rs. 0.05/unit over 15 years and a levelized rate of Rs. 3.30/unit over the term of 25 years.

Significance of the project

• The project is also the first renewable energy project to supply to an institutional customer outside the State.
• The Delhi Metro will get 24% of energy from the project with the remaining 76% being supplied to the State DISCOMs of Madhya Pradesh.
• The Project also exemplifies India’s commitment to attaining the target of 175 GW of installed renewable energy capacity by the year 2022; including 100 GW of solar installed capacity.

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