Rewa Actis

completed

Solenergi Power Private Limited (SPPL) has won, through international competitive bidding, a 250MW solar power project (“the project”) within the 750MWac Rewa Ultra Mega Solar Park (solar park) in the Rewa district of Madhya Pradesh, India.  The solar park is being developed by Rewa Ultra Mega Solar Limited (RUMSL), via a transaction advised on by IFC’s Public Private Partnership team.  RUMSL is a joint venture company promoted by Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) – a Madhya Pradesh State Government agency and the Solar Energy Corporation of India (SECI) - a Government of India controlled parastatal.     The solar park is equally divided into 3 units, each of which will have a 250 MW solar power plant.  SPPL won project development rights for Unit III of the park.  The solar park is proposed on 1500 hectares (ha) of land purchased by RUMSL across five villages, namely, Badwar, Barsaita Desh, Barsaita Pahad, Etar Pahad and Ramnagar Pahad under Gurh Tehsil in Rewa District.  The entire solar park site lies on plateau lands which form part of the larger Vindhyan plateau.  The entire solar park site is devoid of vegetation cover and covered with rocky sandstone and minimal topsoil. The solar park is drained by two natural drainage channels that traverse the site diagonally from north east to south west. Though the solar park land is spread across five villages, no residential settlements or hamlets of these villages are located close to the solar park boundary. The nearest residential settlement is few kilometers away from the park boundary. The entire perimeter of the project site will be fenced to a height of around 6 feet and entry to the project site will be regulated.     SPPL has incorporated a special purpose vehicle – M/s Arinsun Clean Energy Private Limited (the “company” / “SPV”) for project ownership.  During the project execution, the SPV will enter into a turnkey EPC contract to execute the construction of the project as well as undertake Operations & Maintenance (O&M).