NTPC’s arm invites bids for setting up of ISTS connected energy storage facility

NTPC’s clean energy arm -- NTPC Renewable Energy (NREL) has invited bids for selection of developers for inter-state transmission system (ISTS)-connected energy storage facility of 3,000 MW capacity at any location in India to meet round-the-clock requirement of renewable energy.

The capacity shall be installed under a Capex mode through Global Competitive Bidding Process (conducted online followed by reverse auction). After the conclusion of the bidding process, NREL shall enter into an energy storage service agreement on an annual fixed charge basis with the selected bidders for a period of 25 years. The project size will be of minimum 600 MWhr with 100 MW (min) capacity.

The bidders can quote capacities in different combinations like manner 600 MWh with 100 MW (min) capacity or 1200 MWh with 200 MW (min) capacity or 1800 MWh with 300 MW (min) capacity or 2400 MWh with 400 MW (min) capacity or 3000 MWh with 500 MW (min) capacity.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.