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Torrent Power Gets New Round-The-Clock RE Project Worth Rs 2,700 Cr

By PTI March 02, 2024

The 325 MW of renewable capacity includes wind, solar, and battery storage

Torrent Power Gets New Round-The-Clock RE Project Worth Rs 2,700 Cr
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Torrent Power said it has received a Letter of Award (LoA) from the Railway Energy Management Company Ltd. (REMCL) for a grid-connected, round-the-clock renewable power project.

The project shall be commissioned within 24 months from the signing of the Power Purchase Agreement (PPA), Torrent Power said in a statement.

"The project cost is approximately Rs 2,700 crore for installing about 325 MW of renewable capacity for the supply of 100 MW of RE-RTC power. The tender requires that we maintain a minimum annual capacity utilisation factor of 75 percent in the first 3 years and 85 percent from the fourth year onwards," Torrent Power said.

The 325 MW of renewable capacity includes wind, solar, and battery storage, the company said.

The project has been secured at a tariff of Rs 4.25/Kwh for a period of 25 years.

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