Business Standard

Thursday, December 26, 2024 | 12:33 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Indian Railways proposes to harness 1000 Mega Watt (MW) solar and 150 MW wind energy by the year 2020

Image

Capital Market
Indian Railways proposes to harness 1000 Mega Watt (MW) solar and 150 MW wind energy by the year 2020.

A total of about 50 MW renewable energy capacity has been installed till date including approximately 11 MW solar power & 37 MW wind power. In addition, installation of 6.5 MW is in progress and for about 50 MW solar capacities, Request For Qualification (RFQ) has been issued by Zonal Railways.

For harnessing renewable energy sources for Railway requirements, the mechanism put in place include signing of Memorandum of Understanding (MoU) between Ministry of Railways and Ministry of New & Renewable Energy (MNRE), finalisation of Model Bid documents for rooftop solar power plants etc. with the financial support of MNRE. Based on these Model Bid Documents, Zonal Railways have floated tender documents for installation of solar rooftop plants at Railways premises.

 

Such renewable energy plants are being put up in Railways in an economical manner to reduce the cost of energy with Viable Gap Funding (VGF) from Ministry of New & Renewable Energy.

Powered by Capital Market - Live News

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 27 2016 | 5:30 PM IST

Explore News