NTPC Renewable Energy wins 500 MW renewable energy project from REMCL

NTPC Limited’s arm, NTPC Renewable Energy Limited (NTPC REL), has received letter of acceptance for  500 MW renewable energy round-the-clock (RE-RTC) power from REMC Limited (REMCL).

The capacity has been won in a competitive bidding process, out of a total 900 MW RE-RTC on offer. Power purchase agreement (PPA) will be signed with REMCL for 25 years. The project would supply RE-RTC power to REMCL through a combination of solar and wind power. The project assumes significance as Indian Railways plans to use this green energy for their decarbonisation trajectory.