Ayana Renewable Power, a company sponsored by the National Investment and Infrastructure Fund, claimed to have won the bid to supply REMCL, a joint venture between the Ministry of Railways and RITES, with renewable energy around-the-clock on a build-own-operate basis. Project Nine Renewable Energy, a fully owned
subsidiary of Ayana, won the competitive bidding process for the 300 MW capacity. "The project is a first-of-its-kind, with a high degree of availability and dispatchability, and will add installed capacity of about one gigawatt of renewables through solar and wind to Ayana's portfolio with third party storage arrangements," it stated. The project will increase Ayana's total capacity for operation, maintenance, and development to more than 5 GW, according to the press release.
"RTC is the future of renewables, and we are proud to be the first in the country to undertake the challenge of this tender which has stringent requirements on availability and dispatchability along with a 15-min block settlement, making it a truly unique tender, and breaking new ground on reliable and firm renewable power," said Shivanand Nimbargi, MD & CEO of Ayana Renewable Power. The project would deliver reliable renewable energy for 25 years, the company stated, with an annual availability of over 85%.
