Solar Energy Corp of India (SECI) has allocated 1 GW/2 GWh of standalone battery energy storage capacity at an average price of INR 3.81 lakh ($4,551.33)/MW/month.
JSW Neo Energy secured 500 MW by quoting the lowest tariff of INR 3.81 lakh/MW/month. Reliance Power was allocated the balance 500 MW at the second-lowest tariff, against its bid quantity of 1,000 MW.
SECI will enter into a battery energy storage purchase agreement (BESPA) with the successful bidders for providing energy storage facility to the buying entities as per the terms, conditions and provisions of the tender and BESPA.
Developers selected by SECI will set up the BESS on a build-own-operate basis at the locations identified by them.
SECI will procure energy storage facility from these energy storage systems on behalf of the different buying entities of India.
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