Moneycontrol
HomeNewsBusinessEconomyBig Story | India now has Asia's largest solar power plant
Trending Topics

Big Story | India now has Asia's largest solar power plant

This Rs 4,500 crore solar project is India's first project to receive funding from the World Bank and Clean Technology Fund

July 10, 2020 / 22:23 IST
Story continues below Advertisement

Prime Minister Narendra Modi has inaugurated Asia's largest solar power plant in Madhya Pradesh on July 10. The 750 mw ultra mega solar power plant, which is spread over 1,590 acres of land, is developed by Rewa Ultra Mega Solar.

This Rs 4,500 crore solar project is India's first project to receive funding from the World Bank and Clean Technology Fund. The Rewa solar project was also the first solar project in the country to break the grid parity barrier. The process of reverse auction in bidding for projects was tried for the first time in India under this project. Here's is all you need to know about the newly inaugurated solar project.

Story continues below Advertisement
Moneycontrol News
first published: Jul 10, 2020 10:23 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!