PNC Infratech Ltd announced on July 16, 2025, that it has been declared as one of the L1 (lowest) bidders by NHPC Limited for setting up a 300 MW ISTS-connected solar power project along with a 150 MW / 600 MWh Energy Storage System (ESS) anywhere in India.
The tender was part of NHPC’s bid for 1,200 MW ISTS solar power projects with 600 MW / 2,400 MWh ESS, awarded under Tariff-Based Competitive Bidding (TBCB) with a green shoe option.
PNC secured the allocation at a quoted tariff of ₹3.13/kWh through an online reverse auction held on July 15, 2025.
Key details of the project:
Awarding agency: NHPC Limited, acting as the intermediary procurer / Renewable Energy Implementing Agency (REIA).
Capacity awarded to PNC: 300 MW solar + 150 MW / 600 MWh ESS.
Project type: ISTS (Inter State Transmission System) connected.
Location: Anywhere in India.
Execution timeline: Supply to commence within 24 months from the effective date of the Power Purchase Agreement (PPA).
Operation period: PPA for 25 years from the scheduled commencement date.
Project value (tariff): ₹3.13/kWh.
Domestic project: Yes.
Promoter/related party interest: None.
This win further strengthens PNC Infratech’s renewable energy portfolio and reflects its commitment to participating in India’s energy transition.
