Madhya Pradesh approves third tranche of the payment guarantee mechanism for Rewa solar park

The Madhya Pradesh government has approved the third tranche of the payment guarantee mechanism for project developers of the Rewa Ultra Mega Solar Park. Under this, the state government will compensate for the unpaid amount in case of payment delays by the off-takers. In a recent auction, the 750 MW solar park tenders attracted solar tariff bids of as low as Rs 3.30 per kWh.

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