RITES Limited’s subsidiary Railway Energy Management Company Ltd. (REMCL) has secured its largest mandate from Indian Railways for managing tendering, installation supervision and coping with strength deliver from three GW sun energy vegetation to be set-up on vacant Indian Railway Land.
The task may be divided into 3 levels of one GW every. First and 0.33 phase of 1 GW every could be on PPP basis under Design, Build, Finance, Operate and Transfer version. Second phase of the mission (1 GW) can be on ownership version of REMCL, so that you can be eligible for capital subsidy underneath CPSE investment scheme. The Railways
have already identified appropriate land to be leased to REMCL on nominal hire lease.
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