12) Rewa Solar plant

Question 1

Where is it located ?

Answer 1

Madhya Pradesh

Question 2

Capacity ?

Answer 2

750 MW

Question 3

Developed by ?

Answer 3

Rewa Ultra Mega Solar Ltd (RUMSL) – A joint venture company of MP Urja Vikas Nigam Ltd and Solar Energy Corp of India (SECI) , a Central sector PSU

Question 4

What is its significance ?

Answer 4

It has been named as Asia’s largest solar power project. However there is still doubt about it

Its the 1st solar park of India to get funding from World Bank and Clean Technology Fund of India

It is the 1st solar project in the country to break the “Grid parity barrier”

It will be the 1st solar park that will provide energy to another state apart from where it is located

Question 5

What is Grid parity ?

Answer 5

It occurs when an alternative energy source can generate power at a cost of electricity that is less than or equal to the price of power from the electricity grid

Question 6

Details of Clean Technology Fund (CTF) ?

Answer 6

1) It is one of the 2 funds under Climate Investment Funds , the other being Strategic Climate Fund
2) It is to provide scaled up financing to contribute the demonstration, deployment and transfer of low carbon technologies with a significant potential for long term GHGs emission savings
3) World Bank is the Trustee and the Administrating unit of CTF