Indian Railways signs first bilateral PPA to cut energy costs

By Sudheer Pal Singh  www.business-standard.com

Indian Railways on Thursday signed its first ever bilateral Power Purchase Agreement (PPA) with an electricty producer. This was yet another step implemented by the rail ministry to address the core of the transporter’s financial woes – rising energy bills.
Under the agreement, North Central Railway will buy 50 Megawatt power (Mw) from state-owned Damodar Valley Corporation (DVC), that operates power plants in West Bengal and Jharkhand, at Auraiya Grid sub-station in Uttar Pradesh.
The purchase will be facilitated by Railways Energy Management Company under the aegis of Indian Railways. More info
Author: admin
Tags