NVVN allocates 500 MW/1,000 MWh battery storage with VGF at INR 2.37 lakh/MW/month

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NTPC Vidyut Vyapar Nigam (NVVN) Ltd has allocated standalone battery energy storage capacity of 500 MW/ 1000 MWh with viability gap funding support at an average price of INR 2.37 lakh ($2,824.46)/MW/month.

Indigrid secured 250 MW and Kintech Synergy 65 MW by quoting a winning price of INR 2.37 lakh/MW/month. HG Infra Engineering was allocated the balance 185 MW at INR 2.38 lakh/MW/month.

The winners will install battery energy storage systems with the primary objective of making these available to NVVN for two-cycle charging/discharging operation on an “on demand” basis.

NVVN will enter into a battery energy storage purchase agreement (BESPA) with the successful bidders, to avail the energy storage facility.

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