27 March 2025
Telangana Power Generation Corporation Limited (TGGENCO) has completed an auction for a 250 MW/500 MWh standalone Battery Energy Storage System (BESS) in Telangana. The auction resulted in a competitive tariff, setting a benchmark with a discovered rate of Q.403 per kWh. The tariffs in the auction ranged from Q.40 to Q.45 per kWh, reflecting strong developer interest and competitiveness in India's renewable energy sector. TGGENCO 250 MW/500 MWh standalone Battery Energy Storage System (BESS) Auction Results Bidder Name Bondada Engineering Oriana Power Pace Digitek Tariff Total Capacity (MWI 2.40 2.45 2.45 Source: SolarQuarter Research Three companies secured contracts for a total capacity of 225 MW. Pace Digitek won the largest share, securing 125 MW at ?2.45153 per kWh. Bondada Engineering was awarded 50 MW at ?2.403 per kWh, while Oriana Power secured 50 MW at ?2.45152 per kWh. Their tariff bids led to the allocation of only 225 MW capacity out of the 250 MW available.TGGENCO had issued the tender under a global competitive bidding process for the development of energy storage solutions under a Build, Own, and Operate (BOO) model. The project is backed by Central Financial Assistance under the Viability Gap Funding (VGF) scheme, providing financial support of lakh per MWh or 30% of the capital cost, whichever is lower. The initiative aims to enhance energy storage capabilities in the state.
Telangana Power Generation Corporation Limited (TGGENCO) has completed an auction for a 250 MW/500 MWh standalone Battery Energy Storage System (BESS) in Telangana. The auction resulted in a competitive tariff, setting a benchmark with a discovered rate of Q.403 per kWh. The tariffs in the auction ranged from Q.40 to Q.45 per kWh, reflecting strong developer interest and competitiveness in India's renewable energy sector. TGGENCO 250 MW/500 MWh standalone Battery Energy Storage System (BESS) Auction Results Bidder Name Bondada Engineering Oriana Power Pace Digitek Tariff Total Capacity (MWI 2.40 2.45 2.45 Source: SolarQuarter Research Three companies secured contracts for a total capacity of 225 MW. Pace Digitek won the largest share, securing 125 MW at ?2.45153 per kWh. Bondada Engineering was awarded 50 MW at ?2.403 per kWh, while Oriana Power secured 50 MW at ?2.45152 per kWh. Their tariff bids led to the allocation of only 225 MW capacity out of the 250 MW available.TGGENCO had issued the tender under a global competitive bidding process for the development of energy storage solutions under a Build, Own, and Operate (BOO) model. The project is backed by Central Financial Assistance under the Viability Gap Funding (VGF) scheme, providing financial support of lakh per MWh or 30% of the capital cost, whichever is lower. The initiative aims to enhance energy storage capabilities in the state.
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