JIRE secures 300 MW solar plus storage project under NHPC’s ISTS Tranche-VIII

Jindal India Renewable Energy (JIRE), a subsidiary of Jindal Power Limited (JPL), has received a Letter of Acceptance (LoA) for 300 MW of solar plus storage capacity at a tariff of Rs 3.09 per kWh. 

The award falls under NHPC Limited’s 1,200 MW Inter-State Transmission System (ISTS)-connected solar power projects with a 600 MW/1,200 MWh energy storage system (ESS) and an additional greenshoe capacity of 1,200 MW anywhere in India under Tranche-VIII. The LoA was issued on March 24, 2025.

NHPC invited bids in September 2024 for the selection of solar power developers (SPDs) to set up the 1,200 MW ISTS-connected solar power projects with ESS. The project will be developed on a build, own, and operate (BOO) basis, requiring developers to establish a dedicated transmission network up to the delivery point. Each 1 MW of solar capacity must be paired with 0.5 MW/1 MWh of ESS.

SPDs will be responsible for land acquisition, installation, ownership, connectivity, and regulatory approvals. NHPC will sign a 25-year power purchase agreement (PPA) with the successful bidder. The Scheduled Commencement of Supply Date (SCSD) is set for 24 months from the PPA signing date.