Power Grid emerges successful bidder for 150 MW battery energy storage project in Andhra Pradesh

Power Grid has emerged as 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
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Power Grid emerges successful bidder for 150 MW battery energy storage project in Andhra Pradesh
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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.

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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.

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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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