Ceigall India Ltd today announced that it has secured a 50 MW standalone battery energy storage system (BESS) project in Punjab. The project was awarded through a tariff-based competitive bidding process conducted by Punjab State Power Corp. Ltd for 1,000 MWh battery storage capacity.
Under the project, Ceigall India will set up, operate, and maintain the standalone BESS facility in Punjab and supply power for 12 years under a long-term battery energy storage purchase agreement (BESPA). The BESS tariff is INR 2.99/kWh.
The project cost is estimated at about INR 125 crore.
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