India, Nov. 24 -- ACME Solar Holdings Limited has emerged as the winning bidder for 130 MW in the e-reverse auction conducted under REMC Limited's 1,000 MW Round-the-Clock (RTC) Renewable Energy project. The company secured the bid at a tariff of ?4.35 per unit.
The power procured under this tender will be supplied directly to Indian Railways, which requires a consistent power supply throughout the day to meet its unique load demands. Indian Railways will sign a direct Power Purchase Agreement (PPA) with the selected developers, without an intermediary. The tariff discovered in this auction highlights the growing competitiveness of renewable energy in delivering high-capacity utilisation factor (CUF) power round the clock through an optima...