India is aggressively pursuing a plan to install “ultra mega solar power plants” in order to support a 750 MW power plant that is sure to be the world’s largest solar power plant.
At the moment, money is being raised for the project which will cost an estimated $1.3 billion (Rs 8,000 crore).
The Indian media recently reported the project received a pledge of financing support from the World Bank, meaning it would represent one of the very first power plants to garner financial support from the current government.
India’s new solar power plant will be located in the state of Madhya Pradesh, be set up by India’s largest power-generating company, NTPC Limited, and have an installed capacity of 750 MW, 200 MW more than the current largest solar power plant in the world.
A total of 25 ultra mega solar power plants (UMPPs), each with a minimum generation capacity of 500 MW, will be commissioned in India over the next five years and all are expected to source domestically manufactured solar PV modules.
In addition to setting up the site in Madhya Pradesh, NTPC Limited and the company’s pipeline of 3.5 GW of solar power capacity will spearhead setting up UMPPs in Telangana, Andhra Pradesh, Uttar Pradesh, and Odisha.