&w=3840&q=100)
NTPC Green looks to develop RE, battery storage projects in Bihar
Press Trust of India New Delhi
State-owned NTPC Green Energy Limited has plans to set up renewable energy and battery energy storage projects (BESS) in Bihar, a move which will increase the company's portfolio and presence in the clean energy space.
The company has signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) to take forward its plans.
The MoU with BSPGCL aims for development of Battery Energy Storage Projects and Renewable Energy Project for decarbonisation and energy transition in Bihar, NTPC Green Energy Limited (NGEL) said in a statement on Saturday.
The agreement was signed between Sarit Maheswari, CEO (NGEL), and Abdesh Kumar Singh, Director Technical (BSPGCL), in the presence of Minister of Energy, Planning & Development of Government of Bihar Bijendra Prasad Yadav and other senior officials from the state government.
NGEL is an umbrella company for the green business initiatives of NTPC and it undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC's green energy journey to achieve the ambitious target of 60 gugawatt (GW) by FY32.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
3 hours ago
- Time of India
India's battery storage operations become profitable for 1st time in 2024: Report
India's battery energy storage systems (BESS) operating without fixed contracts - known as merchant BESS - turned profitable for the first time in 2024 and new battery projects commissioned in 2025 could deliver internal rates of return (IRR) of 17 per cent by operating in power exchanges, due to potential fall in upfront costs, a report said on Tuesday. Falling battery costs and higher earnings from volatile power markets drove this shift, Ember, an energy think tank, said in its report. According to the report, battery costs have declined by around 80 per cent over the past decade to ₹1.7 million per megawatt-hour (MWh) in 2025 from ₹7.9 million/MWh in 2015. At the same time, potential revenues from market participation have increased fivefold in the same period to ₹2.4 million/MWh in 2025 from INR 0.5 million/MWh in 2015. As a result, in 2024, merchant BESS revenues surpassed costs for the first time, making it a bankable electricity grid asset, the report stated. "Merchant BESS has often been viewed as a low-return investment. But the changing dynamics of the wholesale power market, with rising price volatility, coupled with falling battery costs, have made it a commercially viable investment opportunity today," said Duttatreya Das, energy analyst at Ember. "Battery systems charge when power is cheap and abundant -- typically during sunny hours -- and sell electricity back to the grid when demand surges and prices peak, making it well-suited to manage price volatility and generate handsome revenues while doing so," he added. As per the report, the peak prices are reaching new highs in the day-ahead market (DAM) segment of power exchanges, while troughs are getting deeper. This increased price volatility in the day-ahead market in recent years has created more opportunities for merchant batteries to create value. As the electricity prices nearly hit the current cap of ₹10/kilowatt-hour (kWh) in one out of every six hours between 2022 and 2024. Similarly, average midday power prices fell nearly 20 per cent from 2022 to 2024 during the summer months, the report highlighted. According to the report, the power prices are likely to move on the exchanges, forecasting that by participating in DAM alone, merchant BESS investments can offer an internal rate of return of up to 17 per cent from an investment made in 2025. "There are multiple use cases for batteries: participation in the merchant market is one that's been somewhat under-appreciated till now," said Satyadeep Jain, Director - Equity Research at Ambit Private Limited
Time of India
5 hours ago
- Time of India
India identifies over 200 GW pumped hydro storage potential, 8 GW under construction
New Delhi: India has identified a pumped storage potential of more than 200 gigawatts (GW) across the country, with approximately 8 GW currently under construction and 61 GW in various stages of planning and development, the Ministry of Power said. The update was shared during a Consultative Committee meeting of the Ministry of Power, chaired by Union Minister for Power and Housing Affairs Manohar Lal. The meeting, held on August 4, focused on India's energy storage roadmap and future energy security. It was attended by Minister of State for Power and New & Renewable Energy Shripad Yesso Naik, MPs from the Lok Sabha and Rajya Sabha, senior ministry officials, Central PSUs, and experts from the Central Electricity Authority. According to the Ministry, India already has an installed capacity of about 6.4 GW of pumped storage projects (PSPs). The Minister said the development of PSPs is being supported through various policy measures including full waiver of Inter-State Transmission System (ISTS) charges for projects whose construction is awarded by June 2028. The Ministry also highlighted that under its Viability Gap Funding (VGF) scheme, ₹9,160 crore has been earmarked to support 43 GWh of Battery Energy Storage Systems (BESS). This is being positioned as one of the largest BESS initiatives globally. The Minister said that promoting renewable energy with energy storage systems is necessary to ensure reliable supply by storing excess renewable generation for use during peak demand. He added that the government is committed to reducing the emissions intensity of GDP by 45 per cent from 2005 levels and achieving 50 per cent of installed capacity from non-fossil fuel sources by 2030. Members of the committee appreciated the VGF scheme and the role of smart meters in improving service and reducing losses. They also praised the use of BESS for storing surplus renewable energy for use at other times of the day. The Union Minister instructed officials to take necessary steps to incorporate the suggestions made by members. In his closing remarks, Minister of State Shripad Yesso Naik said India had already achieved 50 per cent of its installed electricity capacity from non-fossil sources, five years ahead of the 2030 target. He emphasized the role of Energy Storage Systems (ESS) in enabling a reliable and flexible power system across generation, transmission, distribution, ancillary services, and electric mobility.
Time of India
a day ago
- Time of India
Nod for KSEB's energy storage plan
T'puram: Kerala State Electricity Regulatory Commission (KSERC) approved KSEB's plan to set up a major Battery Energy Storage System (BESS) at the Mylatti substation in Kasargod. Tired of too many ads? go ad free now The board plans to set up a 125 MW/500 MWh battery storage system, which could play a key role in managing the peak hour power demand in north Kerala to a considerable extent. As renewable energy penetration increases across the grid, challenges associated with managing fluctuations in demand and supply have become increasingly difficult, especially during evening and morning peak hours when renewable energy, particularly solar power, is unavailable. This necessitates additional power dispatch to maintain grid stability, the board pointed out at the outset of the petition. The BESS under consideration was selected as an initial initiative to assess the feasibility and operational effectiveness of the system. The installation is expected to ensure a daily energy availability of 0.5 Mu (four hours of storage). The project performance will be evaluated for potential scalability in the future. Govt of India allotted Rs 135 crore as Viability Gap Fund for the development of BESS in Kerala. KSEB engaged Solar Energy Corporation of India Ltd as the BESS implementing agency. After completing the bidding process, JSW Neo Energy Ltd emerged as the lowest bidder, quoting the capacity charge of Rs 4.41 lakh/MW/Month. KSEB submitted that the proposed BESS project does not require any upfront capital investment from the licensee. Tired of too many ads? go ad free now Payments will commence only after one month of the commercial operation date and will be offset by savings in peak power purchase costs. The project, therefore, offers a financially sustainable solution for addressing state's peak demand challenges while augmenting internal power storage capacity.
