NTPCREL to supply round-the-clock green energy to REMCL through solar and wind power
According to a statement by NTPC, its subsidiary, NTPC Renewable Energy Ltd (NTPCREL), has secured a 500 MW renewable energy round-the-clock (RE-RTC) project from REMCL.
REMCL is a joint venture between the Ministry of Railways and RITES Ltd. NTPCREL received a letter of acceptance for the project, which was won through a competitive bidding process for a total 900 MW RE-RTC on offer.
The project, which will supply round-the-clock green energy to REMCL, will be a combination of solar and wind power.
A power purchase agreement will be signed with Indian Railways for 25 years. NTPC, which is under the Ministry of Power, is the largest power producing company in the country.