IndiGrid Secures 20 MW BESS Project in Delhi
POWER & RENEWABLE ENERGY

IndiGrid Secures 20 MW BESS Project in Delhi

IndiGrid 2, a wholly-owned subsidiary of India Grid Trust, has secured a letter of award, in partnership with Amperehour Solar Technology, from BSES Rajdhani Power (BRPL) for a 20 MW/40 MWh Battery Energy Storage Systems (BESS) project in Delhi. The consortium will develop, own, operate, and transfer the project for 12 years, aiming for an annual revenue of ?20 million (~$240,392). Global Energy Alliance for People and Planet (GEAPP) will finance 70% of the capital investment cost through debt financing.

The BESS technology and total contract cost have not been disclosed. The project, with a one-year construction timeline, will primarily serve energy time-shift and ancillary services. IndiGrid is focused on BESS projects due to the growing energy storage needs resulting from renewable energy expansion. The company recently reported a profit of ?1.07 billion (~$13 million) for the first quarter of the financial year 2024, reflecting a 28.8% year-over-year increase. IndiGrid's portfolio includes 17 operating power projects, 46 transmission lines, 13 substations, and 676 MWdc of solar generation capacity, with assets under management exceeding ?270 billion ($3.24 billion).

In September, the Union Cabinet approved viability gap funding (VGF) for the BESS program, with an initial allocation of ?94 billion (~$1.1 billion), including budgetary support of ?37.6 billion (~$452 million), potentially offsetting up to 40% of the project's capital costs.

IndiGrid 2, a wholly-owned subsidiary of India Grid Trust, has secured a letter of award, in partnership with Amperehour Solar Technology, from BSES Rajdhani Power (BRPL) for a 20 MW/40 MWh Battery Energy Storage Systems (BESS) project in Delhi. The consortium will develop, own, operate, and transfer the project for 12 years, aiming for an annual revenue of ?20 million (~$240,392). Global Energy Alliance for People and Planet (GEAPP) will finance 70% of the capital investment cost through debt financing. The BESS technology and total contract cost have not been disclosed. The project, with a one-year construction timeline, will primarily serve energy time-shift and ancillary services. IndiGrid is focused on BESS projects due to the growing energy storage needs resulting from renewable energy expansion. The company recently reported a profit of ?1.07 billion (~$13 million) for the first quarter of the financial year 2024, reflecting a 28.8% year-over-year increase. IndiGrid's portfolio includes 17 operating power projects, 46 transmission lines, 13 substations, and 676 MWdc of solar generation capacity, with assets under management exceeding ?270 billion ($3.24 billion). In September, the Union Cabinet approved viability gap funding (VGF) for the BESS program, with an initial allocation of ?94 billion (~$1.1 billion), including budgetary support of ?37.6 billion (~$452 million), potentially offsetting up to 40% of the project's capital costs.

Next Story
Infrastructure Urban

Canal Water Boost for Mudki

In a significant push for public health and urban development, MLA Rajneesh Dahiya has announced a Rs.280 million canal water supply project for Mudki town in the Ferozepur Rural constituency. The initiative aims to provide clean drinking water to every household within Mudki’s municipal limits. Speaking about the development, Dahiya said the project falls under the Centre’s AMRUT (Atal Mission for Rejuvenation and Urban Transformation) scheme and is being carried out with the support of Punjab Chief Minister Bhagwant Singh Mann and Local Government Minister Dr. Inderbir Nijjar. “This ..

Next Story
Infrastructure Transport

6 Tunnel Boring Machines Idle in Chennai

Six tunnel boring machines (TBMs) deployed by the Chennai Metro Rail Limited (CMRL) are currently lying idle beneath city roads, stuck in limbo due to delayed construction of underground stations at Moolakadai, Perambur, and Mandaveli. The TBMs, launched as part of Corridor 3 of the Phase II Metro project from Madhavaram to SIPCOT, have reached their designated stations but are unable to proceed as the station boxes are incomplete. Without a completed diaphragm wall or station box, the machines cannot break through or be dismantled for reuse. According to CMRL officials, the root of the dela..

Next Story
Infrastructure Transport

Mumbai Metro 3 Nears Launch

The Mumbai Metro Rail Corporation shared a sneak peek of the newly completed Acharya Atre Chowk station on Metro Line 3 (Aqua Line) this Sunday, drawing both praise and impatience from the public. Located on the 9.77 km stretch between Bandra Kurla Complex (BKC) and Worli, the underground station is part of a long-anticipated corridor that promises to ease traffic and boost east-west connectivity. The social media update, posted by the handle @MumbaiMetro3, featured images of the station’s sleek new interiors. But the post quickly sparked a flurry of comments, with several users demanding c..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?