Indian Railway Company Wants To Buy Madhya Solar Park

- Jan 06, 2018-

Indian solar energy company (SECI) is to auction 1,050 megawatts of solar power park in madhya pradesh, and the Indian railway company plans to buy the solar project from the company.

It is understood that the park will be distributed in three regions of madhya pradesh.India's railways have been affected by the drop in solar power prices, and solar energy prices have remained low during two major auctions of Bhadla at the end of 2017.

In addition, the 750MW Rewa solar park auction in the same state was successfully held.Although it is an urban rail network 800 km north of the power plant, the Delhi metro corporation (DMRC) has agreed to buy electricity from 180MW park.

The central state of madhya pradesh, India's most central state, says it is a suitable solar power station that can deliver electricity to all parts of India.The aim is to increase electricity purchases to reduce reliance on diesel and to reduce electricity costs.The company also has a national allocation of renewable energy procurement obligations.

Indian railway plans to build 5GW of rooftop and utility solar power in the next few years.India's railway finance corporation issued its first green bond on behalf of Indian railways in December, marking the world's fourth largest rail network.