Ayana Renewable Power Secures Landmark Tender to Deliver 300MW Round-the-Clock Renewable Energy to REMCL

National Investment and Infrastructure Fund (NIIF) backed Ayana Renewable Power Private Limited (Ayana) has bagged the tender on BOO basis to provide round-the-clock supply of renewable energy to REMCL a Joint Venture company of Ministry of Railways and RITES Ltd. The 300MW capacity is won by its subsidiary, Project Nine Renewable Energy, in the competitive bidding process.

The project is a first-of-its-kind, with a high degree of availability and dispatchability, and will add installed capacity of approximately 1 GW of renewables through solar, wind to Ayana’s portfolio with third party storage arrangements. This takes Ayana’s cumulative capacity in operation, maintenance, and development to over 5GW positioning it as one of the largest IPPs (Independent Power Producer) in India.

With an annual availability of over 85%, the project will provide firm renewable energy for 25 years and showcases the potential of RTC to enable baseload, rather than managing peak-load as has been traditionally done. Shivanand Nimbargi, MD & CEO of Ayana Renewable Power, commented, “RTC is the future of renewables, and we are proud to be first in the country to undertake the challenge of this tender which has stringent requirements on availability and dispatchability along with a 15min block settlement, making it a truly unique tender, and breaking new ground on reliable and firm renewable power. It also showcases the farsightedness of our government and policy makers who are ready to take up the challenge of RTC and a sign of a maturing industry and market that India now is, setting not only national but global benchmarks.”