Rays Power secures 200 MW RTC project from REMC

Rays Power Infra Limited has secured a mandate to develop and construct a 200 MW round-the-clock (RTC) renewable energy project to supply firm green power to Railway Energy Management Corporation Limited (REMC), a joint venture between Indian Railways and Rail India Technical and Economic Service (RITES). 

The project will be executed through Rays Power’s subsidiary, Bhalki Solar Power Private Limited. The company stated that the project is scheduled for commissioning by June 2028 and will add about Rs 5,000 crore to its order book. 

The project will integrate over 700 MW of combined solar and wind capacity, supported by more than 1,000 MWh of battery energy storage system (BESS).  

Rays Power said the project will deploy solar modules manufactured using cells from its upcoming facility in Madhya Pradesh, being developed through its subsidiary Rays Green Energy. The company indicated that the RTC model could create opportunities in green hydrogen, green ammonia, artificial intelligence (AI) data centres, and other energy-intensive sectors.

Ketan Mehta, Managing Director of Rays Power Infra, said the project builds on development work initiated two years ago, when the company began establishing co-located solar-wind hybrid sites to optimise evacuation infrastructure and reduce the levelised cost of energy (LCOE). Vaibhav Roongta, Chief Business Officer, said the RTC framework supports grid stability by enabling firm renewable power supply during non-solar hours.

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