Latest news with #BatteryEnergyStorageSystems
Time of India
2 days ago
- Business
- Time of India
NIRL, MAHAPREIT forge green energy alliance for 2000 MW projects in Maharashtra
NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited, on Thursday, signed a joint venture agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) in Mumbai. This partnership aims to develop up to 2000 MW of diverse renewable energy projects across Maharashtra, with ambitions to scale up to 5000 MW. The agreement, building upon a Memorandum of Understanding signed on April 16, 2025, establishes a joint venture (JV) with an equity structure of 74 per cent held by NIRL and 26 per cent by MAHAPREIT. The JV will initially focus on developing 500 MW in Phase I, encompassing a wide range of renewable energy sources, including solar, wind, hybrid, floating solar, Battery Energy Storage Systems (BESS), pumped storage, and solar parks. Under the terms of the agreement, MAHAPREIT will play a crucial role in identifying and facilitating land allotment for the projects, as well as supporting the development of power evacuation systems to the grid. NIRL, on its part, will be responsible for preparing detailed project reports, arranging financing, and undertaking the development of these renewable energy projects. "The signing of this joint venture agreement between NIRL and MAHAPREIT is a demonstration of the government's commitment to fostering collaborative partnerships that accelerate the country's transition to green energy." said Vikram Dev Dutt, Secretary, Ministry of Coal. He further added that Maharashtra's immense renewable potential, coupled with NIRL's proven execution expertise and MAHAPREIT's regional strength, positions this JV as a 'catalyst for sustainable growth and energy security.'
India Gazette
3 days ago
- Business
- India Gazette
Spot power prices dropped to zero in India on May 25, reflecting risk of 'Solar Maximum': Report
New Delhi [India], May 28 (ANI): In an unprecedented development, India's spot power prices fell to zero on May 25 because of the subdued weekend demand, says a report by IIFL Capital. The situation came due to the twin impact of early monsoon rains and a huge 25-gigawatt solar capacity addition over the past year. According to the IIFL Capital report, the situation was further compounded by limited thermal power backup, which created a rare surplus that sent prices on the power exchange tumbling to the bottom. The situation arises because India has not created a sufficient pumped or battery power storage system to store the surplus power generation. The IIFL report analysed the impact of the incident on various parts of the energy ecosystem. In India, we need both Pumped Storage Projects and Battery Energy Storage Systems that will benefit from surplus renewable energy (RE) supply available at very low prices. The situation is positive for the Commercial and Industrial (C&I) storage players, especially those with access to captive demand (TPWR, JSWEL, etc.), allowing RE capacity addition irrespective of grid-level supply constraints. The current situation is also beneficial for the exchanges as higher liquidity and lower prices equate with higher exchange volumes. The government is also actively promoting energy storage solutions, including both Pumped Storage Projects (PSPs) and Battery Energy Storage Systems (BESS), to improve grid stability and harness renewable energy sources. Specifically, the Ministry of Power and the Central Electricity Authority (CEA) are involved in approving Detailed Project Reports (DPRs) for PSPs and formulating schemes for BESS, like the Viability Gap Funding scheme. The report says green hydrogen and centres will sustain future growth. 'In addition to increased dependence on pumped storage and battery projects, we expect accelerated forays into adjacencies like green hydrogen, centres, and electricity-intensive manufacturing processes to sustain growth and enhance value capture.' It adds that the increasing requirement for adding larger storage capacities to RE projects will firm up supply and forward integration into adjacencies for enhanced value capture. It will also materially drive up capex per MW. Recent government data suggests India added a total power-generating capacity of 13,495 megawatts (MW) in the first quarter (1Q) of 2025, in which renewables accounted for 78.9 per cent of all new capacity additions. Solar power was the main contributor to this growth, accounting for 57.7 per cent of the total capacity addition. (ANI)
Business Standard
4 days ago
- Business
- Business Standard
Bondada Engg gains on bagging Rs 204-cr LoA from TGGENCO
Bondada Engineering rose 3.73% to Rs 485 after the company announced that it has secured a Letter of Award (LOA) worth Rs 204.20 crore from Telangana Power Generation Corporation (TGGENCO) for setting up of Battery Energy Storage Systems (BESS). The order involves the setting up of a 100 MWh (50 MW x 2 hours) Battery Energy Storage System in Telangana for on-demand usage. This project falls under tariff-based global competitive bidding with viability gap funding (VGF) and will follow a build-own-operate (BOO) model at Shankarpally, near the 400/220 KV substation of TGTRANSCO. The total order value is Rs 204.20 crore and the project is to be completed within 18 months from the execution of the Power Purchase Agreement (PPA). The company clarified that the contract does not involve any related party transactions. It also confirmed that neither the promoter, the promoter group, nor any group companies have any interest in the awarding entity. Bondada Engineering is an infrastructure company that provides engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services, to customers in the telecom and solar energy industries throughout India. On a full-year basis, the company's consolidated net profit surged 167.2% to Rs 44.73 crore on a 116.1% jump in revenue from operations to Rs 800.72 crore in FY24 over FY23.
Business Upturn
4 days ago
- Business
- Business Upturn
Bondada Engineering receives order worth Rs 204.20 crore for battery energy storage systems from TGGENCO
By Aman Shukla Published on May 27, 2025, 13:41 IST Bondada Engineering Limited has received a Letter of Award (LOA) from Telangana Power Generation Corporation Limited (TGGENCO) for the establishment of Battery Energy Storage Systems (BESS) in the state of Telangana. This marks the company's entry into the BESS business segment. The project involves the development of a 100 MWh (50 MW x 2 hours) Battery Energy Storage System at Shankarpally, Telangana, located near the 400/220 kV substation operated by TGTRANSCO. The system is intended for 'on demand' energy usage and will be developed under a tariff-based global competitive bidding process. The structure of the project includes Viability Gap Funding (VGF) and will be implemented under the Build Own Operate (BOO) model. The order has been awarded by a domestic entity, TGGENCO, and the execution timeline is set at 18 months from the date of signing the Power Purchase Agreement (PPA). The total value of the contract is approximately Rs. 204.20 crores, inclusive of GST, and the duration of the agreement spans 12 years. Bondada Engineering Limited, headquartered in Hyderabad, will be responsible for the complete execution of the project as per the specified terms. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
India Gazette
22-05-2025
- Business
- India Gazette
Gujarat achieves 35.16 GW renewable energy capacity
Gandhinagar (Gujarat) [India], 22 May (ANI): Prime Minister Narendra Modi has announced a nationwide target to achieve net zero by 2070, and Gujarat has made remarkable progress toward this goal by becoming the top state in India for renewable energy installation. As of April 30, 2025, Gujarat's total installed renewable energy capacity stands at 35.16 GW, according to data from the Ministry of New and Renewable Energy (MNRE). This milestone reflects the state's strong commitment to sustainability and green growth. Under the leadership of Chief Minister Bhupendra Patel, Gujarat ranks first in several RE segments: 1st in Total Installed Renewable Energy Capacity (35.16 GW); 1st in Installed Wind Power Capacity (13.51 GW); 2nd in Installed Solar Power Capacity (19.42 GW); 1st in Rooftop Solar Installation (5.31 GW); also, Gujarat contributes 15.72 per cent to India's total installed RE capacity. Gujarat's diverse RE mix includes wind, solar, small and large hydropower, and bioenergy. Of the total 35.16 GW capacity, 13,514.68 MW comes from wind, 19,421.8 MW from solar, 106.64 MW from small hydro, 1,990 MW from large hydro, and 129.85 MW from bio power sources. Gujarat Urja Vikas Nigam Limited (GUVNL) is playing a pivotal role in advancing energy storage solutions and promoting seamless integration of renewable energy into the grid. GUVNL has already secured agreements for Battery Energy Storage Systems (BESS) with a cumulative capacity of 1,192 MW / 4,777 MWh. The state is also exploring Pumped Storage Projects with an estimated potential of over 32 GW. A key innovation under this strategy is the 35 MW Solar PV project with 57 MWh BESS at Kutch Lignite Thermal Power Station (KLTPS). This co-located project optimizes existing evacuation infrastructure and land availability to improve solar deployment and grid reliability--representing Gujarat's forward-looking approach to clean energy. During FY 2024-25, Gujarat generated nearly 32,790 million units (MU) of power through renewable sources--accounting for more than 22% of the state's total power consumption of 1,46,467 MU. This contribution underscores the state's accelerating clean energy transition and its impact on sustainable power availability. The state added over 5.9 GW of new RE capacity during the same period, increasing from 27.46 GW to 33.39 GW. This includes 4.95 GW from solar and 954.76 MW from wind, strengthening Gujarat's energy diversification. GUVNL's forward-thinking initiatives are also making renewable energy accessible and cost-effective for Gujarat's industrial hubs and GIDC estates--boosting industrial efficiency without compromising sustainability goals. With visionary leadership, stable policies, and strong infrastructure, Gujarat continues to lead the nation in building a clean, resilient, and future-ready energy ecosystem. With clear policy direction from Prime Minister Shri Narendra Modi and on-ground execution led by Chief Minister Bhupendra Patel, Gujarat has firmly established itself as the growth engine of India's renewable energy journey. By combining scale, innovation, and inclusivity, the state is not only powering its industries and communities but also contributing meaningfully to the nation's clean energy vision and the larger goal of Viksit Bharat. As Gujarat accelerates its clean energy transition, it continues to inspire other states to adopt bold, future-ready energy strategies. (ANI)
