**Indore’s 60-MW Solar Power Plant Nears Completion; Operations to Begin by November**
Indore Municipal Corporation (IMC) is set to commission its 60-megawatt solar power plant located at Jalud in Khargone district by November. The Rs 308-crore project, spread over 220 acres, was inaugurated by Prime Minister Narendra Modi in December 2022 and is now in its final stages of completion.
This groundbreaking initiative is being financed through green bonds, with IMC successfully raising Rs 244 crore via a public issue. This makes it the country’s first renewable energy unit funded through such a mechanism, marking a significant milestone in sustainable project financing.
During a recent project review meeting, Mayor Pushyamitra Bhargav highlighted the plant’s dual purpose: promoting renewable energy and reducing electricity costs for the Narmada water project. “The plant is almost ready. Final charging tests are about to begin, and transmission line issues will soon be resolved. From November, Indore will start receiving electricity from this facility,” she stated.
Currently, IMC incurs an expenditure of approximately Rs 25 crore every month to pump water from the Narmada river at Jalud, nearly 80 km away, to Indore for domestic use. With the solar power plant operational, the civic body expects to save nearly Rs 5 crore per month in energy costs.
Mayor Bhargav further emphasized IMC’s pioneering role as the first urban local body in India to establish a renewable energy project funded through green bonds. “This initiative sets a new benchmark for civic-driven sustainability efforts,” she said.
The project not only underscores Indore’s commitment to clean energy but also exemplifies innovative financing models that can be replicated by other municipalities aiming for a greener future.
https://www.freepressjournal.in/topnews/indore-news-60-mw-solar-power-plant-at-jalud-to-begin-operating-by-november
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