Khargone's 60 MW Jalood Solar Plant inaugurated, MP CM calls it national achievement
Synopsis
Madhya Pradesh has inaugurated a first-of-its-kind 60 MW solar plant in Khargone, financed through Green Bonds that let ordinary citizens invest directly and earn 8% annual returns over 20 years. It's a rare model that turns a public infrastructure project into a citizen investment vehicle — and CM Mohan Yadav says the credit belongs entirely to MP.
Key Takeaways
MP CM Mohan Yadav inaugurated the 60 MW Jalood Solar Power Plant in Khargone on 29 April 2025 .
The plant was built at a cost of approximately ₹271 crore under a Public-Private Partnership model.
Financed through Green Bonds , citizens can invest up to ₹10 lakh (10 bonds of ₹1 lakh each) and earn around 8% annual returns over 20 years .
The plant will supply electricity to the Indore Municipal Corporation and help reduce carbon emissions.
Project costs are expected to be recovered within 10 years , after which it will generate profit.
Foundation stone was laid by PM Narendra Modi in 2023 .
Madhya Pradesh Chief Minister Mohan Yadav on Wednesday, 29 April 2025, inaugurated the 60-megawatt Jalood Solar Power Plant in Khargone district, calling it a "national achievement" and a landmark step in clean energy generation and public participation. The plant, located near Maheshwar, was built at a cost of approximately ₹271 crore under a Public-Private Partnership (PPP) model and is the first of its kind to be financed through Green Bonds.
Key Features of the Jalood Solar Project
The 60 MW plant at Jalood is designed to supply electricity to the Indore Municipal Corporation, directly benefiting urban consumers while reducing the city's carbon footprint. Chief Minister Yadav described the project as offering "dual benefits" — power generation and environmental protection — calling it a best-in-class approach to green energy in the country.
The project is projected to recover its costs within 10 years, after which it is expected to generate surplus returns, according to state officials. Notably, the foundation stone for the project was laid by Prime Minister Narendra Modi in 2023.
Citizens as Investors: The Green Bond Model
What sets the Jalood plant apart is its citizen-investment structure. Funded through Green Bonds, the project allows individuals across the country to directly invest in the plant. Under the scheme, citizens can purchase up to 10 bonds of ₹1 lakh each, earning approximately 8% annual returns over a 20-year period.
Chief Minister Yadav emphasised that the bonds can also be sold if required, making it a flexible and accessible investment option. "Through the Green Bond Scheme, citizens of the country have been made partners in this project," he said, adding that the credit for pioneering this model belongs to Madhya Pradesh.
MP's Shift from Power Deficit to Clean Surplus
Yadav used the occasion to highlight Madhya Pradesh's broader energy transformation, noting that the state has moved from chronic power shortages to a position of providing affordable electricity to its residents. This comes amid India's accelerating push toward its renewable energy targets, with states increasingly competing to attract green infrastructure investment.
The Jalood plant adds to a growing portfolio of solar projects in the Nimar region of western Madhya Pradesh, an area with high solar irradiance levels that makes it well-suited for utility-scale generation.
Other Highlights from the Inauguration Event
During the event, Chief Minister Yadav also spotlighted the state's broader cultural and scientific initiatives, including the development of the Vedic Clock and its installation in Ujjain and Varanasi. He framed these alongside the solar project as part of Madhya Pradesh's identity as a state that bridges heritage and modernity.
With the Jalood plant now operational, attention will turn to whether the Green Bond model can be replicated across other renewable projects in the state and nationally.
Point of View
Which could drive real citizen uptake. The harder question is governance: who audits the returns, and what recourse do bondholders have if the plant underperforms? The model's replicability depends entirely on transparency mechanisms that have not yet been publicly detailed. If those are robust, Madhya Pradesh may have quietly pioneered a template for democratising green infrastructure finance in India.
NationPress
1 May 2026
Frequently Asked Questions
What is the Jalood Solar Power Plant in Khargone?
The Jalood Solar Power Plant is a 60-megawatt solar facility located near Maheshwar in Khargone district, Madhya Pradesh. Built at approximately ₹271 crore under a Public-Private Partnership model, it was inaugurated by Chief Minister Mohan Yadav on 29 April 2025 and will supply electricity to the Indore Municipal Corporation.
How can citizens invest in the Jalood Solar Plant through Green Bonds?
Citizens can purchase up to 10 Green Bonds of ₹1 lakh each, earning approximately 8% annual returns over a 20-year period. The bonds can also be sold if needed, making them a flexible investment option, according to Chief Minister Yadav.
Who laid the foundation stone of the Jalood Solar Power Plant?
Prime Minister Narendra Modi laid the foundation stone of the Jalood Solar Power Plant in 2023. The plant was subsequently completed and inaugurated by Madhya Pradesh Chief Minister Mohan Yadav in April 2025.
What makes the Jalood Solar Plant unique in India?
The Jalood plant is reportedly the first solar project of its kind in India to be financed through Green Bonds that allow direct citizen investment. Chief Minister Yadav credited Madhya Pradesh with pioneering this citizen-partnership model for public infrastructure.
When will the Jalood Solar Plant recover its construction costs?
According to state officials, the project's cost of approximately ₹271 crore is expected to be recovered within 10 years of operation, after which the plant is projected to generate profit.
