The Centre has asked the state governments to speed up the process of tying up with central public sector undertakings (CPSUs) and identifying land parcels to set up ultra mega renewable energy power parks (UMREPPs).
To this end, Gujarat will form separate special purpose vehicles (SPVs) with Solar Energy Corporation of India (SECI) and NTPC for two 5,000-mega watt (MW) UMREPPs and Rajasthan will form SPVs with Power Finance Corporation (PFC) for 3,000 MW, SECI for 5,000 MW and NTPC for 10,000 MW.
