ReNew Power set to solarise Indian Railways

ReNew Power Ventures has announced that it has become the first company to get solar rooftop allocation of 5 MW, pan-India, from the Indian Railways. The company will be investing close to Rs 35 crore in these projects. Power Purchase Agreements for sale to the Indian Railways have been signed for a term of 25 years. Out of the total 5 MW allocation under various zones, 1 MW has been allocated by North Central Railway division for Allahabad and Kanpur; 1 MW by South Western Railway division for Bengaluru and Hubli; another 1 MW by East Coast Railway division for Vishakhapatnam; and 2 MW by South Eastern Railway division for Kharagpur, Adra, Chakradharpur, Jamshedpur etc. This is the first set of allocations by Indian Railways to any company under PPA mode.