Latest News | NTPC Arm Gets 500 MW Renewable Energy Project from REMCL

New Delhi, Apr 27 (PTI) State-owned power giant NTPC on Thursday said its arm NTPC Renewable Energy Ltd (NTPCREL) has bagged a 500 MW renewable energy round-the-clock (RE-RTC) project.

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The work has been awarded by REMCL, which is a joint venture (JV) company of the Ministry of Railways and RITES Ltd, NTPC said in a statement.

"NTPC REL, a wholly-owned subsidiary of NGEL which in turn is a subsidiary of NTPC Limited, received Letter of Acceptance for 500 MW RE-RTC power from REMCL," it said.

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The capacity has been won in a competitive bidding process for a total 900 MW RE-RTC on offer, NTPC said, adding a power purchase agreement (PPA) will be signed with Indian Railways for 25 years.

Through a combination of solar and wind power, the project would supply round-the-clock green energy to REMCL.

NTPC, under the Ministry of Power, is the country's largest power producing company.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)