NTPC Renewable Energy Limited (NTPC REL) has invited bids from eligible bidders to participate in a global competitive bidding process for the selection of developers for interstate transmission system (ISTS) connected energy storage solutions in India.
The energy storage solution should have a minimum capacity of 1,500 MW and a total energy storage capacity of 9,000 MWh, with a project size of at least 600 MWh and 100 MW capacity. The developer will set up the project on build own operate (BOO) basis, and the selected bidder will enter into an energy storage service agreement with NTPC REL on an annual fixed charge basis for a period of 25 years. The bidding process will have two envelopes: techno-commercial bid and price bid. The bidding process will be followed by an e-reverse auction.