New Delhi: Power Grid Corporation of India Ltd (PGCIL) has been declared the successful bidder under the tariff-based competitive bidding (TBCB) process for setting up a standalone battery energy storage system (BESS) project in Andhra Pradesh, the company said in a regulatory filing on Tuesday.
The project involves the development of a 150 MW/300 MWh battery energy storage system at the 400/220 kV Kalikiri substation in Chittoor district under the build-own-operate (BOO) model. The project is part of a larger initiative for selection of battery energy storage developers for a cumulative capacity of 2,000 MWh in selected substations of APTRANSCO.
The bidding process is supported through viability gap funding under the Power System Development Fund (PSDF) and is aimed at enabling on-demand usage of stored energy.
Power Grid has received the letter of award for the project on December 29. This information was shared by the power transmission giant in a regulatory filing to the stock exchanges on Tuesday.
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