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NTPC Awards BESS 500 MW/3000 MWh Tender To Greenko Energies At Tariff Rs 2.79 Million/MWh/year

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Greenko Group to Set Up 11 GWh Pumped Storage Project in Madhya Pradesh

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NTPC Renewable Energy Limited (NTPC REL) has revealed the winner of their ISTS-connected energy storage system tender of 3,000 MWh capacity and a minimum 500 MW capacity, with a final price of Rs 2.79 Million/MWh/year.

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Greenko Energies Pvt Ltd won the entire capacity of above tender by quoting the minimum price.

The offer was issued by NTPC REL in January this year. The minimum bidding capacity was set at 100 MW/600 MWh. Bidders were allowed to offer proposals of 100 MW/600 MWh; 200 MW/1,200 MWh; 300 MW/1,800 MWh; 400 MW/2,400 MWh; and 500 MW/3,000 MWh.

These systems can be installed anywhere in India.

Other companies participated in the auction includes IndiGrid 1, JSW Neo Energy, Enel Green and Hinduja Renewables.

Hinduja Renewables quoted the highest tariff of Rs. 10.1 Million where as the second lowest bid was from HES Infra at Rs. 3.77 Million.

There is a big difference between the winning bid and the second most competitive bid.

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According to the tender guidelines, the project is planned on a build, own, and operate basis. NTPC will now enter into a 25-year energy storage service agreement with Greenko Energies on an annual fixed cost basis.

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