Tata Power Renewable Energy Ltd secures 120 MWh BESS Battery Energy Storage Purchase Agreement from NHPC Ltd for Kerala State Electricity Board Ltd

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, one of India's leading renewable energy players, has signed its first Battery Energy Storage Purchase Agreement (BESPA) with NHPC Limited (NHPC).

The project, secured under NHPC's BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Limited being the end user of the Battery Energy Storage System (BESS) asset, involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Area code, Kerala.

The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala. It is part of NHPC's broader initiative to develop 125 MW / 500 MWh of standalone battery storage capacity in the state of Kerala, under a Tariff-Based Competitive Bidding framework supported by Viability Gap Funding.

The initiative supports the Government of India's goal of achieving 500 GW of non-fossil fuel capacity by 2030. Implemented under Ministry of Power guidelines, the project will operate under a 12-year BESPA. The project is slated for commissioning within 15 months, positioning storage as a key enabler of roundthe-clock renewable power and grid resilience.

In addition to this upcoming project, TPREL is already operating a Solar and BESS project in Rajnandgaon, Chhattisgarh. This project comprises a 100 MW solar photovoltaic plant integrated with a 120 MWh utilityscale BESS, developed under an EPC contract awarded by the Solar Energy Corporation of India Limited.

The project with NHPC marks TPREL's first win in the standalone BESS segment, reinforcing its commitment to delivering cutting-edge, dispatchable, and sustainable energy solutions. With this addition, TPREL's total renewable capacity now stands at approximately 10.9 GW, including 5.6 GW of operational projects, comprising 4.6 GW of solar and 1 GW of wind, and 5.3 GW under various stages of development.

Shares of Tata Power Company Limited was last trading in BSE at Rs. 408.00 as compared to the previous close of Rs. 413.25. The total number of shares traded during the day was 385462 in over 4397 trades.

The stock hit an intraday high of Rs. 414.30 and intraday low of 406.40. The net turnover during the day was Rs. 157850457.00.

Source : Equity Bulls

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TataPowerCompany INE245A01021 TataPowerRenewableEnergy BESPA NHPC