NTPC Renewable Energy Secures 500 MW Hybrid Power Project from REMCL

May 1, 2023May 23, 2023Indian Railways, NTPC, Orders, Power Plant, Renewable Energy, Solar Power, Wind Power

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.

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