APTRANSCO awards 1,000 MW BESS tender with VGF support
Author: PPD Team Date: December 3, 2025
Author: PPD Team Date: December 3, 2025
The Transmission Corporation of Andhra Pradesh Limited (APTRANSCO) has announced the winners of its VGF tender for 1,000 MW and 2,000 MWh standalone BESS projects. The tender was issued in August 2025 under a single-stage, two-envelope system that required both technical and financial bids.
SVR Electro Projects secured 25 MW and 50 MWh at a tariff of Rs 148,000 per MW per month. Ecoren Energy won 275 MW and 550 MWh, Bhagwati Group took 75 MW and 150 MWh, and Legion Energy Products received 25 MW and 50 MWh. These bidders quoted tariffs of Rs 150,000 per MW per month. Bondada Engineering won 225 MW and 450 MWh, and Power Grid Corporation of India secured 150 MW and 300 MWh, both at Rs 164,000 per MW per month. Ecoren Energy also added 225 MW and 450 MWh at Rs 165,000 per MW per month.
Projects will be developed on a build, own and operate basis. VGF support will be capped at Rs 1.8 million per MWh and will be released in three phases. Developers will sign a Battery Energy Storage Purchase Agreement with APTRANSCO and the state distribution companies. Sites span several substations, including Hindupur, Talaricheruvu, Kalikiri, Pampanuruthanda, Maradam, Simhachalam, and Gajuwaka.
Below is a table summarising winners and capacities:
The featured photograph (Source: Envision Energy) is for representation only.
Author: PPD Team Date: March 28, 2025 India’s transition to clean energy and sustainable financing gained momentum today with three significant developments across the solar, electric vehicle (EV), and renewable power sectors. Luminous Power Technologies partnered with the State Bank of India (SBI) to enhance solar financing access, Shriram Finance Limited secured a $150 million loan from the Asian Development Bank (ADB) to expand EV financing, and Oil and Natural Gas Corporation Limited (ONGC) committed…
Author: PPD Team Date: November 21, 2024 Masdar and SOCAR Green have achieved financial close for two solar projects in Azerbaijan: the 445MW Bilasuvar plant and the 315MW Neftchala plant, with a combined capacity of 760MW. The total investment for the projects exceeds $600 million, funded by the European Bank for Reconstruction and Development, the Asian Development Bank, and the Asian Infrastructure and Investment Bank. The financial agreements were signed during the COP29 conference in…
Author: PPD Team Date: June 19, 2025 China’s National Energy Administration (NEA) has unveiled a nationwide pilot programme to scale hydrogen production, infrastructure, and end-use by 2035, Hydrogen Insight reported. The plan follows a related initiative released on December 31, 2024, by the Ministry of Industry and Information Technology (MIIT), which focused on accelerating low-carbon hydrogen adoption in key industrial sectors. The NEA programme outlines 11 categories of pilot projects—three for production, two for storage…
Author: PPD Team Date: September 24, 2025 ACWA Power has signed a memorandum of understanding (MoU) with Larsen & Toubro’s (L&T) renewables division for the development of the renewables and grid components of the Yanbu green ammonia project in Saudi Arabia. The project is planned as a fully integrated hub powered entirely by solar and wind energy. The MoU covers multiple facilities, including solar photovoltaic plants, wind projects, battery energy storage systems, substations, and transmission…
Author: PPD Team Date: September 16, 2025 NTPC Green Energy Limited (NGEL) has announced that 100 MW (Lot-6) of capacity from IRCON Renewable Power Limited’s (IRPL) 500 MW project has been declared under commercial operation, effective 17 September 2025. With this addition, IRPL has reached 400 MW of cumulative commissioned capacity. IRPL is a joint venture in which Ayana Renewable Power Private Limited holds a 24 per cent stake. Ayana is a wholly owned subsidiary…
Author: PPD Team Date: September 19, 2025 TVS Motor Company has signed a Memorandum of Understanding (MoU) with ALT Mobility to lease and deploy up to 3,000 electric three-wheelers, both passenger and cargo, in the financial year 2025-26. Under the agreement, TVS Motor will supply the vehicles, while ALT Mobility will manage procurement, leasing, and financing through its network. The companies will jointly decide the models, variants, and specifications to align with customer needs. The…