JSW Energy, Reliance Power bags 1 GW, 2GWh storage tender
JSW Neo Energy won 500 MW, while Reliance Power secured the balance of 500 MW at the second-lowest tariff, against a bid quantity of 1 GW.
SECI has allocated 1 GW/2 GWh of standalone battery energy storage capacity at a monthly average price of $4,551.33/MW. The tender has been invited through a bidding process.
JSW Neo Energy won 500 MW, while Reliance Power secured the balance of 500 MW at the second-lowest tariff, against a bid quantity of 1 GW.
SECI will sign battery energy storage purchase agreements (BESPA) with successful bidders to provide energy storage facilities to buyers based on the tender's terms and conditions.
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Developers selected by SECI will establish battery energy storage systems (BESS) on a build-own-operate basis at their chosen locations. SECI will procure energy storage from these systems on behalf of various Indian buyers.
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