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.