NTPC Green Energy (NGEL) has successfully emerged as the winning bidder in the e-reverse auction conducted by NHPC 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.