REMC Ltd., a subsidiary of RITES, has entered into a Memorandum of Understanding (MoU) with Indian Railway Finance Corporation (IRFC) Limited. This collaboration aims to explore innovative financing solutions for power projects that cater to the energy needs of Indian Railways.
Under the agreement, REMC and IRFC will work together in key areas such as Transaction Advisory, Project Management services, Detailed Project Report (DPR) reviews, and consultancy or advisory services. The focus will be on power projects with backward and forward linkages to Indian Railways, excluding those already awarded by REMC Ltd.
A significant highlight of this MoU is the provision to finance thermal, nuclear, and renewable power projects under the captive model. These projects may be developed through joint ventures between Indian Railways and other entities, further strengthening the Railways’ commitment to sustainable energy solutions.
