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NTPC Green Energy has won a total 80MW/320MWh battery storage bid under NHPC’s 125MW Kerala auction. It secured two key sites at tariffs of Rs.4.57 lakh and Rs.4.34 lakh per MW/month. NTPC Green Energy share price ended at Rs.112.05.
NTPC Green Energy Ltd. has been declared the winning bidder in NHPC Ltd.'s e-reverse auction for battery energy storage projects in Kerala. The company secured 80MW/320MWh out of the 125MW/500MWh total capacity on offer, marking a significant stride in India’s energy storage and renewable integration efforts.
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NTPC Green Energy wins 80MW/320MWh BESS capacity in Kerala
Projects located at Pothencode and Sreekantapuram substations
Tariffs awarded at Rs.4.57 lakh and Rs.4.34 lakh per MW/month
Company awaits official Letter of Award from NHPC
NTPC Green Energy share price rose 5.5% post announcement
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The awarded battery energy storage system (BESS) projects are part of NHPC’s initiative to improve intra-state grid reliability in Kerala. These systems will store renewable power during off-peak hours and release it during high demand, supporting a stable and efficient grid.
Location | Capacity (MW/MWh) | Tariff (Rs./MW/month) |
Pothencode | 40MW / 160MWh | 4.57 lakh |
Sreekantapuram | 40MW / 160MWh | 4.34 lakh |
Total | 80MW / 320MWh | — |
The selection was carried out under a tariff-based competitive bidding model supported by viability gap funding, aimed at enabling cost-effective battery deployments across Indian states.
On the same day as the project announcement, NTPC Green Energy also declared its Q4 FY25 results. The company reported a 22.5% year-on-year increase in revenue to Rs.622.3 crore, and a 28.3% rise in EBITDA. The EBITDA margin expanded by 400 basis points, demonstrating operational efficiency.
Following the dual news of the project win and financial results, the NTPC Green Energy share price surged over 10% intraday before settling at Rs.112.05, up 5.5%. The NTPC Green Energy share price now remains above its IPO price of Rs.108, reflecting growing investor confidence in the company’s future.
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Source: CNBCTV18
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