Gurugram, India (Urban Transport News): REMC Ltd, a joint venture of Ministry of Railways and RITES Ltd, signed a Memorandum of Understanding (MoU) with The Energy and Resources Institute (TERI) today to collaborate on capacity building and development of renewable energy projects for the Indian Railways.
The collobration will open up new area of research and capacity building. REMC Ltd has been working towards the clean energy solutions and efficiency improvement in the Railway sector. The MoU will further the decarbonisation initiative," commented Dr. Vibha Dhawan, Director General, TERI on the signing of the MOU.
"In its endeavour of energy transition and to achieve the set targets of Indian Railways on decarbonisation, a net zero cabon emitter by 2030, the association and competency of TERI with their research and analytical work would certainly merit us for deliverance with proficiency," said Ajay Kumar Singhal, CEO, REMC Ltd.
The REMC Ltd has been formed to tap the business potential in the energy sector including green energy, power trading etc by setting up of renewable energy wind power projects, synergizing the technical resource base of both the organizations i.e. Ministry of Railway and RITES Limited.
The Energy and Resources Institute (TERI) is a New Delhi-based research institute that specializes in the fields of energy, environment and sustainable development. Established in 1974, it was formerly known as the Tata Energy Research Institute.