Indian Railways to set up Rs 200 cr solar plant in Bhilai

Through Railway Energy Management Company Limited (REMCL), the Indian Railways is planning to set up a solar power plant in Bhilai (Chhattisgarh).

According to a report in BusinessLine,the project cost of the 50 MW plant is estimated at Rs 200 crore. Of the total cost, 20 per cent will be borne by the Railways, while the remaining 80 per cent will be raised through debt.

It said the Railways will bear Rs 40 crore of the construction cost, while the power will be purchased through a developer model, wherein the developers will be asked to operate and maintain the solar project.

Funds mobilisation for the Rs 200 crore project, estimated at Rs 160 crore, could be raised from firms, such as Power Finance Corporation and Rural Electrification Corporation, it quoted an official as saying.

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Research Desk

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