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Torrent Power Secures 2,700 Cr. Order for Round-The-Clock RE Supply

Torrent Power has secured an order from Railway Energy Management Company Limited (REMCL) to develop grid-connected Renewable Energy (RE) projects for the supply of Round-The-Clock (RTC) power to REMCL. These projects will be set up at an estimated cost of Rs. 2,700 crore.

As per the contract, Torrent Power will establish 325 MW of RE projects (wind or solar) with or without the installation of Battery Energy Storage Systems (BESS). These projects are required to supply 100 MW of RTC RE to REMCL for 25 years at a tariff rate of Rs. 4.25 per unit.

Completion period for this project has been specified as 24 months following the execution of the Power Purchase Agreement (PPA).