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 5, 2025 Art-PV, incubated at IIT Bombay, has received a USD 10 million grant from the Ministry of New and Renewable Energy (MNRE) to establish a manufacturing plant for high-efficiency tandem solar cells. The company’s innovative tandem cell achieves 29.8 per cent sunlight-to-electricity conversion, surpassing the 23 per cent efficiency of conventional solar cells. This technology combines silicon with cadmium telluride (CdTe) and a perovskite-structured material to absorb a broader…
Author: PPD Team Date: June 20, 2025 Three companies—NTPC Limited, Oben Electric, and Avaana Capital—have announced fundraises aligned with infrastructure, clean mobility, and sustainability-linked investments. NTPC raises Rs 40 billion via NCDs NTPC Limited has raised Rs 40 billion through the private placement of unsecured, non-convertible debentures (NCDs). The debentures carry a coupon rate of 6.89 per cent per annum and a tenor of 10 years and 1 day. This is the third issuance under…
Author: PPD Team Date: July 14, 2025 The World Bank has approved a $134 million operation to support the green hydrogen strategy of the Pecém Industrial and Port Complex Company (CIPP) and the Government of Ceará. Located in Northeastern Brazil, CIPP is one of the country’s most advanced logistics and industrial zones and is emerging as a key site for green hydrogen development. The financial package is structured under the World Bank’s Investment Project Financing…
Author: PPD Team Date: September 30, 2025 The World Bank has approved the Indonesia Electricity Network Transformation (I-ENET) Program, a $500 million operation to upgrade electricity distribution in Java, Madura, and Bali. The initiative is designed to improve the integration of renewable energy and accelerate the digitalisation of Indonesia’s grid. Indonesia’s rising electricity demand has so far been met mainly through fossil fuels. With the country targeting high-income status by 2045 and net-zero emissions by…
Author: PPD Team Date: March 3, 2025 A national survey suggests China’s thorium reserves may be far larger than estimated, potentially transforming global energy production. A recently declassified report details findings from a survey that concluded in 2020, indicating that China’s thorium reserves, already the largest in the world, may be far greater than previously estimated. Mining waste from just five years of operations at an iron ore site in Inner Mongolia contains enough thorium…
Author: PPD Team Date: November 3, 2025 NTPC Limited reported a slight increase in its consolidated net profit for the second quarter of FY25, even as its revenue declined year-on-year. The company’s net profit stood at Rs 4,653 crore in Q2 FY25, up 0.11% from Rs 4,648 crore in the same quarter last year. Revenue from operations fell 2.9% to Rs 39,166 crore compared to Rs 40,337 crore in the corresponding period of the previous…