Madhya Pradesh Chief Minister Dr. Mohan Yadav on Wednesday, 1 July 2026, participated virtually from Bhopal in a pre-bid meeting held in New Delhi for a new 24-hour renewable energy project by Rewa Ultra Mega Solar Ltd., engaging directly with prospective investors on the state's investment climate.

Addressing investors, Dr. Yadav said the Rewa Ultra Mega Solar Project had established India's lowest solar tariff at the time of its bidding, giving the country a new global identity in clean energy. 'रीवा अल्ट्रा मेगा सोलर परियोजना ने देश में सबसे कम सौर टैरिफ स्थापित कर भारत को वैश्विक स्तर पर नई पहचान दिलाई है' ('The Rewa Ultra Mega Solar Project established the country's lowest solar tariff and gave India a new global identity'), he stated.

Context

The Rewa Ultra Mega Solar Power Project — a 750 MW park in eastern Madhya Pradesh — was bid in 2017 at a then-record-low tariff of ₹2.97 per unit, supplying power to Delhi and Madhya Pradesh electricity distribution companies under a tripartite agreement. The project, executed through a special purpose vehicle, became a benchmark for competitive solar procurement in India.

The new initiative under Rewa Ultra Mega Solar Ltd. targets round-the-clock renewable energy supply, a more complex proposition that typically requires storage or a hybrid generation mix. The 1 July 2026 pre-bid meeting in New Delhi marks an early stage in the procurement process, inviting investor interest before formal bids are submitted.

Policy Backdrop

India's National Solar Mission has set a target of 500 GW of non-fossil fuel capacity by 2030, pushing state governments to develop large-scale renewable parks and attract green investment. Madhya Pradesh has positioned itself as a preferred destination by offering transparent bidding processes, single-window clearances, and supporting transmission infrastructure.

Dr. Yadav reiterated that the Madhya Pradesh government is providing investors with a transparent policy framework, swift decision-making, superior infrastructure, and an industry-friendly environment — 'पारदर्शी नीति, त्वरित निर्णय, उत्कृष्ट अधोसंरचना तथा उद्योग-अनुकूल वातावरण' — as key planks of its pitch to the renewable energy sector.

Stakeholders and Impact

Renewable energy investors, power developers, and storage technology firms are the primary audience for the new project. Madhya Pradesh electricity distribution companies stand to benefit from a firm, round-the-clock renewable power supply that reduces dependence on conventional thermal generation.

A successful bidding outcome could reinforce Rewa's status as a hub for utility-scale solar investment in central India, with downstream benefits for local employment and grid stability in the state.

What's Next

The pre-bid meeting is a consultative step; the formal request for proposal and bid submission timelines are yet to be announced publicly. Investors and analysts will watch closely for the final tariff discovered through competitive bidding, the capacity and storage specifications of the project, and any power purchase agreements that follow.

The outcome will be a key indicator of whether Madhya Pradesh can replicate — and surpass — the precedent set by the original Rewa project in India's evolving 24-hour renewable energy market.