DVC enters into agreements for Renewable Energy bundling – EQ
In Short – DVC’s entry into agreements for Renewable Energy bundling demonstrates its commitment to sustainability. By combining renewable sources with conventional energy, DVC aims to enhance energy efficiency and reduce carbon footprint, contributing positively to India’s renewable energy goals.
In Details – DVC is one of the pioneers to enter into a Power Purchase Agreement (PPA) for RE bundling with its thermal power to thrive for sustainability by significantly reducing the carbon footprint.
New Delhi: Damodar Valley Corporation signed a PPA with Solar Power Developer (SPD), ReNew Samir Shakti Private Limited on 23rd April 2024 at DVC Headquarters, Kolkata towards procurement of 200 MW of solar power. DVC is one of the pioneers to enter into a Power Purchase Agreement (PPA) for RE bundling with its thermal power to thrive for sustainability by significantly reducing the carbon footprint.
Adoption of the “Flexibility in generation and scheduling of thermal/hydro power stations to facilitate bundling of renewable energy by substituting part of costlier thermal energy” scheme by DVC will enable the organization to supply green power to its beneficiaries at a cheaper rate against the existing PPA and will also help them to comply with the Renewable Purchase Obligation (RPO).
DVC has also signed an MoU with RITES Ltd. for Project Management Consultancy beginning from concept to commissioning, in connection with the upgradation/renovation and new rail connectivity for DVC’s existing and new power plant areas/Captive Coal Mining areas including construction and installation of Rapid Loading System etc.
