Railway Energy Management Co. Ltd (REMCL), a JV company of Indian Railways and RITES Ltd, has concluded its tender for 1 GW of round-the-clock (RTC) power from renewable energy projects backed with or without energy storage at a price of INR 4.35/kWh.
Six developers placed the winning bid of INR 4.35/kWh. Winners include ReNew Solar Power (200 MW), Bhalki Solar Power (200 MW), Purvah Green Power (180 MW), Jindal Green (150 MW), Ayana Renewable (140 MW), and ACME Solar (130 MW).
The winning developers will set up renewable energy projects, with or without energy storage, to supply the contracted power to Indian Railways, the end user. The projects can be located anywhere in India and must connect to the interstate transmission system.
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