Oriana Power Ltd has received a significant Letter of Award (LOA) from Karnataka Power Transmission Corporation Limited (KPTCL) to set up a standalone Battery Energy Storage System (BESS) project with a cumulative capacity of 50 MW/100 MWh. The project, located at the Shahapur Taluk Yadagir substation in Karnataka, will be implemented under the Build-Own-Operate (BOO) model.
This ₹212.31 crore project (inclusive of GST) will be executed over a 12-year period from its scheduled commissioning date. Oriana Power is expected to complete the project within 15 months of signing the Battery Energy Storage Purchase Agreement (BESPA). It will also receive a Viability Gap Funding (VGF) of ₹27 crore, based on the current estimated project cost.
The BESS installation is designed for two-cycle daily charge-discharge operations and will help enhance grid stability, reduce blackout risks, and improve power efficiency in the region. The contract was awarded through a tariff-based competitive bidding process.
This project marks a key step in Oriana Power’s expansion into India’s clean energy storage segment and reflects its commitment to sustainable power solutions.
