NTPC arm wins 500 MW renewable vitality venture from REMCL

NEW DELHI : State-run energy main NTPC on Thursday introduced that its arm NTPC Renewable Power (NTPCREL) has bagged a 500 MW renewable vitality round the clock (RE-RTC) venture.

The work has been awarded by REMCL, which is a three way partnership (JV) firm of the Ministry of Railways and RITES Ltd, the corporate stated in a press launch.

‘’NTPC REL, a wholly-owned subsidiary of NGEL which in flip is a subsidiary of NTPC Restricted, acquired Letter of Acceptance for 500 MW RE-RTC energy from REMCL,‘’ it added.

The received capability in aggressive bidding is main share of whole 900 MW RE-RTC on supply and PPA will probably be signed with REMCL for 25 years.

By means of mixture of photo voltaic and wind, this venture would provide round the clock inexperienced vitality and can add 1.8 GW to NTPC RE portfolio.

In line with the corporate, this venture is one among its type when it comes to excessive diploma of availability and dispatchability. The venture assumes significance as Indian Railways plans to make use of this inexperienced vitality for his or her de- carbonization trajectory. Additionally, it’s a primary for NTPC to win and provide RE-RTC energy.

NTPC group already has operational capability of three.2 GW and with above RTC venture, the full capability beneath pipeline has exceeded 20 GW.

To diversify its RE portfolio, NTPC goals to enter hydrogen and vitality storage options in an enormous approach. To this impact, lately, work for Hydrogen Hub at Pudimadka in Andhra Pradesh is initiated. Additionally, a storage tender for 9000 Mwh has been floated.

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Up to date: 27 Apr 2023, 08:50 PM IST