Indian Railways eyes power from 1,050MW solar park in Madhya Pradesh

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The Railways aims to increase its electricity procurement in order to reduce its reliance on diesel. Credit: Belur Ashok

Solar Energy Corporation of India (SECI) could auction a solar park of 1,050MW capacity in the state of Madhya Pradesh, from which Indian Railways plans to purchase the power generated.

A note from the state-owned transport giant said that the park would be spread across three districts in Madhya Pradesh. Indian Railways has been enticed by the decline in solar power tariffs, which remained low in the two major auctions from Bhadla at the end of 2017, prompting independent consultant Jasmeet Khurana to say that low tariffs are here to stay.

The Railways was also buoyed by the success of the 750MW Rewa solar park auction in the same state, which not only drew record low tariffs at the time, but also saw Delhi Metro Rail Corporation (DMRC) agree to purchase power from 180MW of the park, despite being an urban rail network located 800 kilometres north of the power plant.

With Madhya Pradesh the most central state in India, the Railways sees it as a suitable solar park location from which to draw electricity to various regions pan-India. The Railways aim to increase its electricity procurement in order to reduce its reliance on diesel is also a major driver, along with the potential for reduced power costs. The firm also has a state-allocated Renewable Purchase Obligation (RPO) to fulfil.

Indian Railways plans to set up 5GW of rooftop and utility-scale solar in coming years. Back in December, Indian Railways Finance Corporation issued its inaugural green bond on behalf of Indian Railways — the world’s fourth largest rail network.

Read Next

October 13, 2021
Reliance New Energy Solar (RNES) has invested US$29 million in German wafer technology company NexWafe’s Series C financing round as it looks to establish wafer production facilities in India.
October 11, 2021
A subsidiary of Indian conglomerate Reliance Industries has acquired solar module manufacturer REC Group and a 40% stake in EPC and O&M solutions provider Sterling and Wilson.
October 6, 2021
Indian solar manufacturer Emmvee has signed a memorandum of understanding with the government of Karnataka to set up a 3GW cell and module production plant in the state.
September 28, 2021
Indian solar manufacturer Premier Energies has secured an INR 2 billion (US$27 million) investment from private equity firm GEF Capital Partners to support its planned increases in cell and module production.
September 27, 2021
A new support scheme from India’s government to boost the domestic manufacture of PV modules has seen 18 bidders submit 54.8GW of applications, according to consultancy JMK Research & Analytics.
September 20, 2021
A subsidiary of Indian utility Tata Power has received a letter of intent to set up a 250MW grid-connected solar project in the state of Maharashtra.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021