Latest news with #BESSTranche-I
Business Standard
3 days ago
- Business
- Business Standard
Tata Power Renewable Energy inks its maiden BESPA with NHPC
Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power Company, has signed its first Battery Energy Storage Purchase Agreement (BESPA) with NHPC. The project, secured under NHPC's BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Limited being the end user of the Battery Energy Storage System (BESS) asset, involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Area code, Kerala. The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala. It is part of NHPC's broader initiative to develop 125 MW / 500 MWh of standalone battery storage capacity in the state of Kerala, under a Tariff-Based Competitive Bidding framework supported by Viability Gap Funding. The initiative supports the Government of India's goal of achieving 500 GW of non-fossil fuel capacity by 2030. Implemented under Ministry of Power guidelines, the project will operate under a 12-year BESPA. The project is slated for commissioning within 15 months, positioning storage as a key enabler of round the-clock renewable power and grid resilience. In addition to this upcoming project, TPREL is already operating a Solar and BESS project in Rajnandgaon, Chhattisgarh. This project comprises a 100 MW solar photovoltaic plant integrated with a 120 MWh utility scale BESS, developed under an EPC contract awarded by the Solar Energy Corporation of India. The project with NHPC marks TPREL's first win in the standalone BESS segment, reinforcing its commitment to delivering cutting-edge, dispatchable, and sustainable energy solutions. With this addition, TPREL's total renewable capacity now stands at approximately 10.9 GW, including 5.6 GW of operational projects, comprising 4.6 GW of solar and 1 GW of wind, and 5.3 GW under various stages of development.
Business Standard
3 days ago
- Business
- Business Standard
Tata Power's subsidiary inks battery energy storage purchase agreement from NHPC
Tata Power Company said that Tata Power Renewable Energy (TPREL) has signed its first battery energy storage purchase agreement (BESPA) with NHPC. Tata Power Renewable Energy is a subsidiary of The Tata Power Company. The project, secured under NHPCs BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Limited being the end user of the battery energy storage system (BESS) asset, involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Area code, Kerala. The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala. It is part of NHPCs broader initiative to develop 125 MW / 500 MWh of standalone battery storage capacity in the state of Kerala, under a tariff-based competitive bidding framework supported by viability gap funding. In addition to this upcoming project, TPREL is already operating a solar and BESS project in Rajnandgaon, Chhattisgarh. This project comprises a 100 MW solar photovoltaic plant integrated with a 120 MWh utility-scale BESS, developed under an EPC contract awarded by the Solar Energy Corporation of India. With the addition of the NHPC project, TPREL's total renewable capacity now stands at approximately 10.9 GW, including 5.6 GW of operational projects, comprising 4.6 GW of solar and 1 GW of wind, and 5.3 GW under various stages of development. Tata Power Company is a leading integrated power company. The company's consolidated net profit jumped 16.49% to Rs 1,042.83 crore on a 7.88% increase in revenue from operations to Rs 17,095.88 crore in Q4 FY25 over Q4 FY24. The scrip fell 1.11% to currently trade at Rs 408.65 on the BSE.
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Business Standard
3 days ago
- Business
- Business Standard
Tata Power RE bags 30 MW/120MWh battery energy storage project from NHPC
Tata Power Renewable Energy Ltd (TPREL) has bagged a 30 MW/120 MWh battery energy storage project from state-owned NHPC. The project has been secured under NHPC's BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Ltd -- the end-user of the Battery Energy Storage System (BESS) asset, TPREL said in a statement on Friday. The project involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Kerala. This means 30 MW of storage can provide back up of up to four hours. This is its first Battery Energy Storage Purchase Agreement (BESPA), TPREL said. It will operate under a 12-year BESPA. The project is slated for commissioning within 15 months, positioning storage as a key enabler of round-the-clock renewable power and grid resilience. The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala. It is part of NHPC's broader initiative to develop 125 MW / 500 MWh of standalone battery storage capacity in the state of Kerala, under a Tariff-Based Competitive Bidding framework supported by Viability Gap Funding. With this addition, TPREL's total renewable capacity now stands at approximately 10.9 GW, including 5.6 GW of operational projects, 4.6 GW of solar and 1 GW of wind, and 5.3 GW under various stages of development.
News18
3 days ago
- Business
- News18
Tata Power Renewable bags 30 MW/120MWh battery energy storage project from NHPC
Last Updated: New Delhi, Jul 18 (PTI) Tata Power Renewable Energy Ltd (TPREL) has bagged a 30 MW/120 MWh battery energy storage project from state-owned NHPC. The project has been secured under NHPC's BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Ltd — the end-user of the Battery Energy Storage System (BESS) asset, TPREL said in a statement on Friday. The project involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Kerala. This means 30 MW of storage can provide back up of up to four hours. This is its first Battery Energy Storage Purchase Agreement (BESPA), TPREL said. It will operate under a 12-year BESPA. The project is slated for commissioning within 15 months, positioning storage as a key enabler of round-the-clock renewable power and grid resilience. The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala. It is part of NHPC's broader initiative to develop 125 MW / 500 MWh of standalone battery storage capacity in the state of Kerala, under a Tariff-Based Competitive Bidding framework supported by Viability Gap Funding. With this addition, TPREL's total renewable capacity now stands at approximately 10.9 GW, including 5.6 GW of operational projects, 4.6 GW of solar and 1 GW of wind, and 5.3 GW under various stages of development. PTI ABI DRR view comments First Published: July 18, 2025, 13:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
3 days ago
- Business
- Business Upturn
Tata Power Renewable Energy secures 120 MWh battery energy storage deal with NHPC in Kerala
By Aditya Bhagchandani Published on July 18, 2025, 10:09 IST Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed its first Battery Energy Storage Purchase Agreement (BESPA) with NHPC Limited to set up a 30 MW / 120 MWh battery storage system at a 220 kV substation in Kerala. The project was secured through competitive bidding under NHPC's BESS Tranche-I tender and will serve the Kerala State Electricity Board Limited. The battery energy storage system will help address peak power demand, improve grid flexibility, and enable better integration of renewable energy in Kerala. This initiative is part of NHPC's broader plan to develop 125 MW / 500 MWh of standalone battery storage capacity in the state under a Tariff-Based Competitive Bidding framework supported by Viability Gap Funding. The project, aligned with India's target of achieving 500 GW of non-fossil fuel capacity by 2030, will operate under a 12-year BESPA and is expected to be commissioned within 15 months. This marks TPREL's debut in the standalone battery storage segment, further strengthening its renewable energy portfolio, which now stands at approximately 10.9 GW, including 5.6 GW operational capacity and 5.3 GW under development. The company already operates a 100 MW solar plant integrated with a 120 MWh battery storage system in Chhattisgarh. Tata Power, with a total portfolio of 15.7 GW spanning generation, transmission, distribution, and storage, continues to spearhead India's clean energy transition with a commitment to achieve carbon neutrality before 2045. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
