NTPC Renewable Energy Secures 500 MW Hybrid Power Project from REMCL

NTPC Renewable Energy Ltd. (NTPC-REL), a subsidiary of NTPC Green Energy Ltd. (NGEL), has won a 500 MW solar–wind hybrid power project. The company has won this project from Railway Energy Management Company Limited (REMCL). REMCL is a Joint Venture (JV) of Ministry of Railways and Rail India Technical and Economic Service (RITES) Ltd.

NTPC-REL has secured 500 MW capacity through a competitive bidding process for a total of 900 MW. The company will supply round-the-clock (RTC) green energy to REMCL. Power Purchase Agreement (PPA) with NTPC-REL for 500 MW will be signed by ministry of railways for 25 years.