IndiGrid, Kintech and H.G. Infra win NVVN’s BESS auction
Author: PPD Team Date: October 28, 2024
Author: PPD Team Date: October 28, 2024
IndiGrid, Kintech Synergy, and H.G. Infra Engineering have emerged as winners in NTPC Vidyut Vyapar Nigam’s (NVVN) auction to develop 500 MW/1,000 MWh standalone battery energy storage systems (BESS) with Viability Gap Funding (VGF) support.
NVVN, a subsidiary of NTPC, allocated 250 MW to IndiGrid 2 at a tariff of Rs 236,999 per MW per month. Kintech Synergy received 65 MW at Rs 237,490/MW/month, and H.G. Infra was awarded 185 MW at Rs 238,000/MW/month.
According to the tender guidelines, the BESS capacity must connect to either the 765 kV Bhadla-111 PS in Rajasthan or the 400 kV Banaskantha (Radhanesda) PS (GIS) in Gujarat. The selected BESS developers are responsible for establishing and interconnecting the BESS with the ISTS network and maintaining the transmission system up to the interconnection point.
Previously, in August 2024, NVVN issued a tender for a 7.131 MW grid-connected rooftop solar project across various locations in Bihar and Jharkhand.
Author: PPD Team Date: February 7, 2025 RMC Switchgears Limited has won a Rs 192.4 million contract from Maharashtra State Power Generation Company Limited (MSPGCL) for setting up 10 MW decentralised solar photovoltaic (PV) power projects under the “Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0” scheme in Maharashtra. The contract was awarded on February 5, 2025. The project, located at the 33/11 kV Sakali substation in Yawal taluka, Jalgaon district, will be implemented on an…
Author: PPD Team Date: January 7, 2025 The European Commission (EC) has approved the joint control acquisition of EEW Offshore Wind EU by EEW Holding and Sumitomo under the EU Merger Regulation. The collaboration involves German and Japanese entities producing large steel tubes for offshore wind farms. The EC concluded the acquisition would not raise competition concerns, as the market structure remains largely unaffected. Last year, Sumitomo announced plans to acquire a stake in EEW…
Author: PPD Team Date: June 4, 2025 India’s coal production rose to 86.24 million tonnes (MT) in May 2025, up from 83.96 MT in May 2024, reflecting steady growth in the sector. The Ministry of Coal attributed this to its focus on ensuring stable supply and operations. Captive and commercial mines produced 16.93 MT during May 2025, a sharp increase from 13.83 MT in the same period last year. This growth signals a stronger contribution…
Author: PPD Team Date: February 12, 2026 CleanMax Enviro Energy Solutions has raised Rs 15 billion in a pre-initial public offering (IPO) funding round led by Temasek Holdings and Bain Capital, ahead of its planned market debut expected later this month. The pre-IPO placement also saw participation from Steadview Capital, 360One and Steinberg India Emerging Opportunities Fund. Several family offices joined the round, including those linked to the Dalmia group, as well as the Jaisinghani…
Author: PPD Team Date: June 10, 2025 The Ministry of Mines (MoM) has launched a mining dashboard, a centralised digital platform to monitor the operational status of auctioned mineral blocks and track statutory clearances nationwide. According to the ministry, the dashboard will improve transparency, efficiency, and accountability in the mineral sector. So far, 500 mineral blocks have been auctioned across 16 states, with 64 blocks already operational. The dashboard is expected to act as a…
Author: PPD Team Date: July 11, 2025 Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited (CIL), has restarted coal production at its legacy PB Project in Jharkhand. This is the first operational project under the mine developer and operator (MDO) model in the CIL ecosystem. The PB Project has been awarded to Eagle Infra India Limited for a 25-year term. It is expected to produce 52 million tonnes of coal during its…