India RE Navigator
NTPC has issued a tender to develop ISTS connected storage projects of 500 MW/ 3,000 MWh capacity anywhere in India.
| Storage capacity | 500 MW/ 3,000 MWh | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RE capacity | - | ||||||||||||||||||||||||||||
| Tender scope | BOO | ||||||||||||||||||||||||||||
| Tendering authority | NTPC | ||||||||||||||||||||||||||||
| Offtaker | NTPC | ||||||||||||||||||||||||||||
| BESPA tenure | 25 years | ||||||||||||||||||||||||||||
| Allocation basis | Tariff bid | ||||||||||||||||||||||||||||
| Technology | Storage | ||||||||||||||||||||||||||||
| Bid size |
100 - 500 MW |
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| Minimum CUF | - | ||||||||||||||||||||||||||||
| Minimum system availability | 95% | ||||||||||||||||||||||||||||
| Round trip efficiency | 75% | ||||||||||||||||||||||||||||
| Required bank guarantees | EMD: INR 1.2 million/ MW |
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| Technical criteria |
Experience in commercially established and operational technologies |
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| Financial criteria | Minimum net worth: INR 22.8 million/ MW |
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| Commissioning timeline | 24 months | ||||||||||||||||||||||||||||
| Notes |
|
Results announced
| Tender release | 24 January 2022 |
| Bid submission | 02 November 2022 |
| Bid result | 08 December 2022 |
| Estimated PPA signing | June 2023 |
| Estimated COD | June 2025 |
| Developer | Capacity | Location | Technology | Status |
COD/ (SCOD) |
Tender/ scheme name |
Primary offtaker  Secondary offtaker
|
Tariff INR | Transmission connectivity | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MW | MWh | Substation | kV | LTA date | ||||||||
1. This data includes grid connected projects above 1 MW.
2. All project and tender capacities are specified in AC unless noted otherwise.
3. Pipeline includes projects that have been allocated to developers but not yet commissioned. For some of these projects, execution of PPAs and/or regulatory approval may still be pending.
4. Scheduled COD is estimated based on time allowed for construction plus six months for execution of PPA and regulatory approval.
5. Commissioning status for the last 2 quarters is updated progressively, as more data becomes available.
6. Where projects have been subject to M&A transaction(s), name of current owner is shown as developer.
7. For solar-wind hybrid projects, capacity shown refers to (estimated) solar capacity only.
Source: BRIDGE TO INDIA research
