Khargone, April 29 (IANS) Chief Minister Mohan Yadav on Wednesday termed the Jalood Solar Power Plant in Khargone a “national achievement”, saying it marks a major step in clean energy generation and public participation in Madhya Pradesh.

Inaugurating the 60-megawatt solar plant at Jalood near Maheshwar in Khargone district, he said that the inauguration of the Jalood Solar Power Plant holds significance not only for Madhya Pradesh but for the entire nation, adding that the project shows how sunlight can be converted into electricity for public benefit.

Built at a cost of around Rs 271 crore under the Public-Private Partnership model, the project has been funded through Green Bonds, allowing citizens to invest directly.

The Chief Minister said that through the Green Bond Scheme, citizens of the country have been made partners in this project, adding that this is the first plant of its kind, and the credit for this achievement goes to Madhya Pradesh.

Highlighting investment benefits, Yadav said individuals can purchase up to 10 bonds of Rs 1 lakh each and earn around 8 per cent annual returns over 20 years.

He added that the bonds can also be sold if needed, making it a flexible investment option.

The Chief Minister said the project will provide electricity to the Indore Municipal Corporation and help reduce carbon emissions.

He said the plant offers dual benefits, power generation and environmental protection, calling it a best-in-class approach to green energy.

He further noted that the project is financially viable, with the cost expected to be recovered within 10 years, after which it will generate profit.

Referring to the state’s power sector, Yadav said Madhya Pradesh has moved from power shortages to providing affordable electricity.

He also recalled that the foundation stone of the project was laid by Prime Minister Narendra Modi in 2023.

During the event, the Chief Minister also highlighted the state’s initiatives in science and heritage, including the development of the ‘Vedic Clock’ and its installation in Ujjain and Varanasi.

–IANS

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