Latest news with #BESPA
Time of India
a day ago
- Business
- Time of India
Battery storage TN closer to reality, as three firms bag tender for 1000MWh systems
Chennai: Tamil Nadu moved a step closer to achieving the storage of excess green power, as three companies won the tender floated by TN Green Energy Corporation Ltd (TNGECL) to set up a 1,000 MWh battery storage system in the state. NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), was awarded a 500 MWh battery energy storage system . Bondada Engineering Ltd won the bid to set up a 400 MWh battery system, while Oriana Power will set up a 100 MWh battery system. These companies can store 1 lakh million units of electricity to release it in two cycles when the power demand peaks. TNGECL MD Aneesh Sekhar said that the winning bidders should connect the fully developed battery systems to the grid in 18 months. NLC India Limited (NLCIL) said that their project involves the development of three standalone battery storage systems with a combined capacity of 250 MW / 500 MWh. These systems will be established at the 400/230/110 kV substations in Ottapidaram, Anuppankulam, and Kayathar, all located in the state. The battery energy storage systems will be implemented under the Build-Own-Operate (BOO) model and were awarded through a tariff-based competitive bidding process as part of the state component of the Viability Gap Funding (VGF) scheme. Tamil Nadu has an installed capacity of nearly 19,000 MW of wind and solar energy, making battery storage a viable option. TNPDCL officials said the battery storage system will help store excess renewable energy during off-peak hours and discharge when the power demand peaks. This will reduce grid instability, prevent blackouts, and enhance the efficiency of Tamil Nadu's clean energy network, said an official. TNPDCL will procure energy storage services from NIRL through a long-term Battery Energy Storage Purchase Agreement (BESPA) for a period of 12 years. NLC India Limited earlier commissioned an 8 MWh BESS integrated with a 20 MW solar project in the Andaman Islands. That project played a key role in reducing diesel consumption and improving power reliability in the region, the firm said.
Time of India
a day ago
- Business
- Time of India
Battery storage TN closer to reality, as three firms bag tender for 1000MWh systems
Chennai: Tamil Nadu moved a step closer to achieving the storage of excess green power, as three companies won the tender floated by TN Green Energy Corporation Ltd (TNGECL) to set up a 1,000 MWh battery storage system in the state. NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), was awarded a 500 MWh battery energy storage system . Bondada Engineering Ltd won the bid to set up a 400 MWh battery system, while Oriana Power will set up a 100 MWh battery system. These companies can store 1 lakh million units of electricity to release it in two cycles when the power demand peaks. TNGECL MD Aneesh Sekhar said that the winning bidders should connect the fully developed battery systems to the grid in 18 months. NLC India Limited (NLCIL) said that their project involves the development of three standalone battery storage systems with a combined capacity of 250 MW / 500 MWh. These systems will be established at the 400/230/110 kV substations in Ottapidaram, Anuppankulam, and Kayathar, all located in the state. The battery energy storage systems will be implemented under the Build-Own-Operate (BOO) model and were awarded through a tariff-based competitive bidding process as part of the state component of the Viability Gap Funding (VGF) scheme. Tamil Nadu has an installed capacity of nearly 19,000 MW of wind and solar energy, making battery storage a viable option. TNPDCL officials said the battery storage system will help store excess renewable energy during off-peak hours and discharge when the power demand peaks. This will reduce grid instability, prevent blackouts, and enhance the efficiency of Tamil Nadu's clean energy network, said an official. TNPDCL will procure energy storage services from NIRL through a long-term Battery Energy Storage Purchase Agreement (BESPA) for a period of 12 years. NLC India Limited earlier commissioned an 8 MWh BESS integrated with a 20 MW solar project in the Andaman Islands. That project played a key role in reducing diesel consumption and improving power reliability in the region, the firm said.
Time of India
2 days ago
- Business
- Time of India
Battery storage TN closer to reality, as three firms bag tender for 1000MWh systems
Chennai: Tamil Nadu moved a step closer to achieving the storage of excess green power, as three companies won the tender floated by TN Green Energy Corporation Ltd (TNGECL) to set up a 1,000 MWh battery storage system in the state. NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), was awarded a 500 MWh battery energy storage system. Bondada Engineering Ltd won the bid to set up a 400 MWh battery system, while Oriana Power will set up a 100 MWh battery system. These companies can store 1 lakh million units of electricity to release it in two cycles when the power demand peaks. TNGECL MD Aneesh Sekhar said that the winning bidders should connect the fully developed battery systems to the grid in 18 months. NLC India Limited (NLCIL) said that their project involves the development of three standalone battery storage systems with a combined capacity of 250 MW / 500 MWh. These systems will be established at the 400/230/110 kV substations in Ottapidaram, Anuppankulam, and Kayathar, all located in the state. The battery energy storage systems will be implemented under the Build-Own-Operate (BOO) model and were awarded through a tariff-based competitive bidding process as part of the state component of the Viability Gap Funding (VGF) scheme. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sólo 1 vaso antes de acostarte y perderás hasta 10 kg en 1 mes NEWSCASA Undo T amil Nadu has an installed capacity of nearly 19,000 MW of wind and solar energy, making battery storage a viable option. TNPDCL officials said the battery storage system will help store excess renewable energy during off-peak hours and discharge when the power demand peaks. This will reduce grid instability, prevent blackouts, and enhance the efficiency of Tamil Nadu's clean energy network, said an official. TNPDCL will procure energy storage services from NIRL through a long-term Battery Energy Storage Purchase Agreement (BESPA) for a period of 12 years. NLC India Limited earlier commissioned an 8 MWh BESS integrated with a 20 MW solar project in the Andaman Islands. That project played a key role in reducing diesel consumption and improving power reliability in the region, the firm said.
Business Standard
17-06-2025
- Business
- Business Standard
Prostarm Info Systems gains on securing 30 MW BESS project from BSPGCL
Prostarm Info Systems advanced 2.39% to Rs 115.90 after the firm has received a letter of intent (LoI) from Bihar State Power Generation Company (BSPGCL) for setting up a 30 MW/120 MWh standalone battery energy storage system (BESS). The project, to be executed under the tariff based competitive bidding (TBCB) route, will be implemented at various GSS locations of BSPTCL in Bihar under the build-own-operate-transfer (BOOT) model with viability gap funding (VGF) support for 12 years. Prostarm will receive a rental of Rs 4.44 lakh/MW/month, translating into an annual rental of Rs 15.98 crore for the 30 MW capacity. The project is scheduled to be fully commissioned within 18 months from the effective date of the battery energy storage purchase agreement (BESPA). The company stated that no, the promoter/promoter group/group companies have no interest in the entity that awarded the contract. The contract does not fall under related party transactions and is not applicable under the arms length criteria. Prostram Info Systems, founded in 2008, is a power solutions provider specializing in UPS systems, inverters, lithium-ion battery packs, and solar EPC projects. The company designs, manufactures, and assembles products in-house and via partners in India and China. It serves sectors like healthcare, IT, defense, and energy through direct sales and a nationwide distributor network. The company operates three units in Maharashtra and has strengthened its tech capabilities through strategic acquisitions and licensing agreements. On a full-year basis, the company's consolidated net profit jumped 16.6% to Rs 23.31 crore on an 11.9% increase in revenue to Rs 257.87 crore in FY25 over FY24. Prostram Info Systems made a debut on the stock exchanges on 03 June 2025, with its shares listing at Rs 125, a 19.05% premium to the issue price of Rs 105. The company's initial public offering (IPO), which closed on 29 May 2025, was subscribed 97.20 times. The IPO was priced within a band of Rs 95 and 105 per share.
