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Time of India
5 days ago
- Business
- Time of India
Tata Power secures first battery energy storage purchase agreement from NHPC
Tata Power Renewable Energy Limited ( TRPEL ), a subsidiary of Tata Power has signed its first 30 MW Battery Energy Storage Purchase Agreement (BESPA) with NHPC . This project involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation for Kerala State Electricity Board Ltd. Explore courses from Top Institutes in Select a Course Category Project Management Management PGDM Data Analytics MBA Others Public Policy CXO others Technology Design Thinking Leadership MCA Degree Healthcare Finance Data Science healthcare Product Management Digital Marketing Operations Management Data Science Artificial Intelligence Cybersecurity Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala, the company said in a release. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Do you have a mouse? Desert Order Undo 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. This purchase agreement, implemented under Ministry of Power guidelines, will operate under a 12-year BESPA. The battery storage system is slated for commissioning within 15 months, positioning storage as a key enabler of round-the-clock renewable power and grid resilience. Live Events This project marks TPREL's first purchase agreement in the standalone BESS segment. 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. The company is already operating a Solar and BESS project in Rajnandgaon, Chhattisgarh, with 100 MW solar photovoltaic plant integrated with a 120 MWh battery energy storage system, developed under an EPC contract awarded by the Solar Energy Corporation of India Limited.
Business Upturn
5 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.
Business Upturn
7 days ago
- Business
- Business Upturn
PNC Infratech share jump 5% after winning NHPC's 300 MW solar energy project
PNC Infratech shares surged 5% in morning trade on July 17 after the company announced a significant win in the renewable energy space. As of 9:26 AM, the shares were trading 5.86% higher at Rs 329.50. On July 16, the company said it had emerged as one of the lowest bidders (L1) for a major solar power project floated by NHPC Limited. The project involves setting up a 300 MW ISTS-connected solar plant along with a 150 MW / 600 MWh energy storage system (ESS), to be developed anywhere in India. This contract was part of NHPC's larger bid for 1,200 MW of solar capacity with storage, offered under the Tariff-Based Competitive Bidding route. PNC secured its allocation at a tariff of ₹3.13 per kilowatt-hour, following an online reverse auction held a day prior to the announcement. The company will have 24 months from the signing of the Power Purchase Agreement to begin supply, and the agreement will run for a 25-year term. This development marks another key milestone for PNC in its renewable journey and signals its growing focus on clean energy projects. Investors responded positively, pushing the stock higher as the deal adds strength and visibility to its green energy portfolio. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash 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
