RUMSL issues LoA for the construction of 1,500 MW of solar projects in Madhya Pradesh

Rewa Ultra Mega Solar Limited (RUMSL) issued the letters of award (LoA) for the construction of 1,500 MW of solar projects at the Agar Solar Park, Shajapur Solar Park and Neemuch Solar Park in Madhya Pradesh. All the three auctions were held between July and August 2021. Under a 25-year power purchase agreement (PPA), power from 1,500 MW solar parks would be sent to Indian Railways (195 MW) in eight states via the national grid. The remaining 1,305 MW will be procured by Madhya Pradesh Power Management Company Limited (MPPMCL).

TP Saurya and AIJomaih Energy and Water Company were named the winners of RUMSL’s auction for 500 MW of project at the Neemuch Solar Park. TP Saurya won a capacity of 170 MW with a quoted tariff of Rs 2.14 per kWh as well as 160 MW at a quoted tariff of  Rs 2.149 per kWh. AlJomaih Energy and Water company won 170 MW at  a quoted tariff of Rs 2.15 per kWh. The auction for 450 MW of projects in the Shajapur Solar Park was won by NTPC Renewables and Talettutayi Solar Projects Nine (SolarArise). NTPC Renewables had won a capacity of 105 MW with a quoted tariff of Rs 2.35 per kWh, as well as a capacity of 220 MW quoting Rs 2.33 per kWh. Talettutayi Solar Projects Nine (SolarArise) won a capacity of 125 MW quoting Rs 2.339 per kWh. RUMSL’s auction for 550 MW projects in the Agar Solar Park was won by Avaada Energy and O2 Power. Avaada Energy had won a capacity of 200 MW with a quoted tariff of Rs 2.459 per kWh, while O2 Power had won a capacity of 350 MW at 2.444 per kWh.

In August 2021, RUMSL had also issued a tender of 600 MW floating solar projects to evaluate socio-environment impact on the Kaveri branch reservoir at Omkareshwar dam in Madhya Pradesh. The study would be carried out in accordance with the policies and regulations of the central and state governments, applicable local laws and the requirements of the Asian Development Bank. The bid submission deadline for the same is September 13, 2021.

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