changeadminSolar Energy Corporation of India Limited (SECI), a Navratna Central Public Sector Undertakings (CPSU) under the Ministry of New & Renewable Energy, has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh for setting up 200 MW Solar Project in Dhar under the CPSU Scheme and a 1000 MWh Battery Storage Project in the state.
The 200 MW Solar Project is part of a 500 MW Agreement which was executed in 2023 with MP Power Management Company Limited (MPPMCL) for 25 years under which SECI will supply the electricity to the state.
SECI has proposed a phase-wise capital expenditure of Rs 2500 Cr for the expansion and development of Renewable Energy in the state of Madhya Pradesh.
The MoU was signed at the two-day Global Investors Summit 2025 in Bhopal, the capital of Madhya Pradesh.
The two-day Global Investors Summit (GIS) 2025 is organised by the Government of Madhya Pradesh and was inaugurated by the Prime Minister of India Narendra Modi today.
In his address, Mr Modi remarked that India has achieved remarkable progress in green energy, which was once unimaginable. Over the past 10 years, more than $70 billion (over Rs 5 trillion) has been invested in the renewable energy sector, and this investment has created over 10 lakh jobs in the clean energy space last year alone, he added.
The Prime Minister noted that Madhya Pradesh has greatly benefited from this boom in the energy sector. He said MP is a power surplus with a power generation capacity of around 31,000 MW, of which 30 per cent is clean energy. He highlighted that Rewa Solar Park is one of the largest in the country, and recently, a floating solar plant was inaugurated in Omkareshwar.
The Global Investors Summit serves as an important platform to establish Madhya Pradesh as a global investment hub. Representatives from over 60 countries, officials from various international organizations, over 300 prominent Industry leaders from India and policymakers among others are participating in the Summit.
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