H.G. Infra Engineering (HGINFRA) recently informed exchanges that the company has been declared a qualified bidder for a 185 MW/370 MWh battery energy storage project by NTPC Vidyut Vyapar Nigam Limited.
The project, which was awarded following a competitive bidding procedure, will be executed in India with viability gap funding support. The order is valued at INR 238,000 per MW per month.
Key Details of the Contract
As per the announcement, here are the significant details regarding the awarded contract:
- Entity Awarding the Contract: NTPC Vidyut Vyapar Nigam Limited
- Nature of order: Tariff-based Battery Storage System
- Execution Timeframe: The project is set to be completed within 1.5 years.
- Contract Size: The awarded capacity is 185 MW/370 MWh, with a tariff rate of ₹238,000 per MW per month.
TOPICS:
H.G. Infra Engineering