Telangana Power Generation Corp.’s tender for 500 MWh (250 MW x two hours) of standalone battery energy storage, connected with the state grid, has yielded a lowest price of INR 2.40 lakh ($2,808)/MW/month from Bondada Engineering.
Bondada Engineering secured its bid capacity of 50 MW at INR 2.40 lakh/MW/month. Pace Digitek was allocated 125 MW and TrueRE-Oriana Power 50 MW at INR 2.45 lakh/MW/month.
The successful bidders will develop their BESS on a build-own-operate basis. The projects are eligible for viability gap funding (VGF).
Telangana Power Generation Corp will enter into a 12-year battery energy storage purchase agreement with the successful bidders. It seeks to utilize the energy storage systems on an on-demand basis, suited to the requirements of state Discoms during peak and off-peak hours. The developers must make the BESS available for two complete charging/discharging cycles per day.
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