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.
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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.