NTPC Green Energy Limited Wins 80MW/320MWh Battery Energy Storage Project in Kerala

NTPC Green Energy Limited (NGEL) has successfully emerged as the winning bidder in the e-reverse auction conducted by NHPC Limited on May 21, 2025. NGEL secured a cumulative capacity of 80MW/320MWh under the competitive bidding process.

The auction was part of NHPC's tender for the "Selection of Battery Energy Storage System (BESS) Developers for setting up of 125MW / 500MWh InSTS-connected standalone BESS in the state of Kerala under Tariff-Based Competitive Bidding (TBCB) with Viability Gap Funding (VGF) support."

NGEL has been secured two key projects under the initiative:

40MW/160MWh at Pothencode Substation at a tariff of Rs 4,57,000/MW/month

40MW/160MWh at Sreekantapuram Substation at a tariff of Rs 4,34,000/MW/month

Letter of award from NHPC is awaited.

Shares of NTPC Green Energy Limited was last trading in BSE at Rs. 112.20 as compared to the previous close of Rs. 105.35. The total number of shares traded during the day was 6085754 in over 32373 trades.

The stock hit an intraday high of Rs. 117.80 and intraday low of 110.85. The net turnover during the day was Rs. 691908654.00.

Source : Equity Bulls

Keywords

INE0ONG01011 NTPCGreenEnergy PowerGeneration WinningBidder eReverseAuction NHPC