Following the historic results of achieving low tariff of `1.38 per unit in its Renewable Energy Service Company (RESCO) I & II rooftop solar tender last year, MPUVNL has now invited bids for 25 MW solar rooftop projects under RESCO mode for industries in Madhya Pradesh.
700 industries in Mandideep industrial area close to Bhopal have been identified for the project. The project is being implemented jointly with MP Industrial Development Corporation (MPIDC), which has provided land on lease to the industries. MPIDC will be a co-signatory to the Power Purchase Agreement (PPA) and is offering payment assurance for the developer.
