Mahasamruddhi Invites Bids for Purchase of 164 MW Solar Power

Panasonic Exits Solar and Battery Storage Business

Ather Energy’s ₹31 Billion IPO Oversubscribed By 1.43 Times

TNERC Approves ₹0.10/kWh Additional Surcharge for Open Access Power Consumers

First Solar Misses EPS Expectations in Q1, Scales Down 2025 Guidance

Jharkhand Issues Rate Contract Tender for O&M of 3.9 MW Solar Projects

Telangana Approves Procurement of 4 GW Solar Power Under PM-KUSUM

Multi Infrastructure & Engineering Wins SECI’s 4.12 MW Solar Auction

Daily News Wrap-Up: UPNEDA Invites Bids to Set Up 110 MW Solar Projects

Funding and M&A Roundup: Exowatt Closes $70 Million Series A Funding


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2025/03/amazon_polly_77784.mp3?version=1743051295">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><a href="https://bondada.net/" target="_blank" rel="noopener">Bondada Engineering</a>, <a href="https://orianapower.com/" target="_blank" rel="noopener">Oriana Power</a>, and <a href="https://www.pacedigitek.com/" target="_blank" rel="noopener">Pace Digitek</a> have won Telangana Power Generation Corporation’s (<a href="https://tggenco.com/TGGENCO" target="_blank" rel="noopener">TGGENCO</a>) auction to set up 250 MW/500 MWh standalone battery energy storage systems (BESS) in Telangana.</p>
<p>Bondada Engineering and Oriana Power won 50 MW/100 MWh each at a tariff of ₹240,347 (~$ 2,804.84)/MW/month and ₹245,152 (~$ 2,860.92)/MW/month, respectively.</p>
<p>Pace Digitek won 125 MW/250 MWh at a tariff of ₹245,153 (~$ 2,860.93)/MW/month.<a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/TGENECO-auction-1.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-77791 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/TGENECO-auction-1.png" alt="" width="633" height="274" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/TGENECO-auction-1.png 633w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/TGENECO-auction-1-300x130.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/TGENECO-auction-1-624x270.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/TGENECO-auction-1-600x260.png 600w" sizes="(max-width: 633px) 100vw, 633px" /></a></p>
<p>Out of the total capacity of 250 MW, only 225 MW was awarded. The remaining 25 MW was not awarded as the minimum bid size must be at least 100 MWh, i.e., 50 MW X 2 hours.</p>
<p>The tender was <a href="https://www.mercomindia.com/telangana-500-mwh-standalone-bess" target="_blank" rel="noopener">floated</a> in January 2025.</p>
<p>Successful bidders must set up the projects using their chosen battery technology and connect them to the state transmission network.</p>
<p>However, the BESS projects must employ commercially established and operational technologies to minimize technology risks and achieve timely project commissioning.</p>
<p>They must make the BESS available for two operational cycles per day. They must also guarantee a minimum system availability of 95% annually.</p>
<p>The projects must draw power from the state distribution companies (DISCOMs) for charging. They will supply power to the DISCOM network per the dispatch instructions from the state load dispatch center.</p>
<p>Successful bidders can avail viability gap funding (VGF) of ₹2.7 million (~$32,114)/MWh or 30% of the project’s capital cost, whichever is lower.</p>
<p>Telangana aims to <a href="https://mercomindia.com/telangana-aims-for-20-gw-renewable-energy-capacity-additions-by-2030" target="_blank" rel="noopener">achieve</a> 3,805 MW and 7,917 MW of BESS and pumped storage project capacity by the financial year 2030 and 2035, respectively.</p>
<p>Recently, the Ministry of Power <a href="https://www.mercomindia.com/government-enhances-bess-capacity-target" target="_blank" rel="noopener">directed</a> all states and implementing agencies to award all BESS contracts by June 2025 to enable the VGF program to be completed by May 2027. Due to a decline in BESS prices in the recent past, a higher BESS capacity of 13,200 MWh, up from 4,000 MWh, is envisaged as part of the VGF program.</p>
<p>Subscribe to Mercom’s <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of real-time tender activity.</p>


Bondada, Oriana and Pace Win Telangana’s 250 MW/500 MWh BESS Auction


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2025/02/amazon_polly_76694.mp3?version=1740142807">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>The Telangana Power Generation Corporation (<a href="https://tggenco.com/TGGENCO" target="_blank" rel="noopener">TGGENCO</a>) has invited bids to prepare a detailed project report (DPR) for solar projects with a cumulative capacity of 56 MW.</p>
<p>Bids must be submitted by March 21, 2025. Bids will be opened on the same day.</p>
<p>The project’s estimated contract value is ₹1.3 million (~$15,002).</p>
<p>Bidders must submit a transaction fee of 0.03% of the contract value with a cap of ₹10,000 (~$115.39) for a quoted value of ₹500 million (~$5.7 million). Transaction fee for works with a value above ₹500 million (~$5.7 million) is ₹25,000 (~$288.49).</p>
<p>They must submit a security deposit of 2.5% of the contract value.</p>
<p>Bidders must also submit an earnest money deposit of ₹6,480 (~$74.77) and a permanent fixed deposit of ₹250,000 (~$2,884.97).</p>
<p>Successful bidders must submit a corpus fund of 0.04% of the contract value with a cap of ₹10,000 (~$115.39) for all works valued up to ₹500 million (~$5.7 million). The corpus requirement for works above ₹500 million (~$5.7 million) is ₹25,000 (~$288.49).</p>
<p>The scope of work entails preparing a detailed report for the following projects:</p>
<ul>
<li>A 15 MW floating solar project on a raw water reservoir at Yadadri Thermal Power Station</li>
<li>A 28 MW ground-mounted solar power project on empty land at Kakatiya Thermal Power Project</li>
<li>A 13 MW floating solar project on a raw water reservoir at Kakatiya Thermal Project</li>
</ul>
<p>Bidders must have prior experience providing consultancy services for feasibility study and preparing DPRs. They must also have executed works for at least one floating solar power project and one ground-mounted solar power project anywhere in India in the last five financial years.</p>
<p>Bidders must have a minimum annual financial turnover of ₹388,800 (~$4,486.71) for at least two of the last three financial years.</p>
<p>Last month, Telangana <a href="https://mercomindia.com/telangana-aims-for-20-gw-renewable-energy-capacity-additions-by-2030#:~:text=Telangana%20Aims%20for%2020%20GW%20Renewable%20Energy%20Capacity%20Additions%20by%202030,-TGGENCO%2FTGREDCO%20will&amp;text=Telangana%20has%20finalized%20its%20renewable,draft%20version%20of%20the%20policy." target="_blank" rel="noopener">finalized</a> its renewable energy policy for 2025, planning to add 20,000 MW of renewable energy and storage capacity additions by 2030. The policy will be valid until 2035.</p>
<p>In 2024, the Northern Power Distribution Company of Telangana <a href="https://www.mercomindia.com/telangana-discom-floats-tenders-for-3-mw-solar-power-projects" target="_blank" rel="noopener">issued</a> two tenders for 3 MW ground-mounted solar power projects in Karimnagar and Sircilla districts. The project must be completed within six months.</p>
<p>Subscribe to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of real-time tender activity.</p>


Telangana Invites Bids for DPR of 56 MW Solar Projects


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2025/01/amazon_polly_75670.mp3?version=1737717978">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Telangana Power Generation Corporation (<a href="https://tggenco.com/TGGENCO" target="_blank" rel="noopener">TGGENCO</a>) has invited bids to set up a pilot project of 250 MW/500 MWh standalone battery energy storage systems (BESS) in Telangana.</p>
<p>Developers will be eligible for viability gap funding of ₹2.7 million (~$32,114)/MWh or 30% of the project’s capital cost, whichever is lower.</p>
<p>Bids must be submitted by February 21, 2025. Bids will be opened on February 25.</p>
<p>Bidders must submit a document fee of ₹29,500 (~$342) and a document processing fee of ₹10,000/MW (~$115.94).</p>
<p>They must also submit an earnest money deposit of ₹432,000 (~$5,011)/MW and a performance bank guarantee for ₹1.08 million (~$12,528)/MW.</p>
<p>The minimum bid size will be 100 MWh, i.e., 50 MW x 2 hours.</p>
<p>Developers must commission the BESS within 18 months of signing the battery energy storage purchase agreement, valid for 12 years from the date of full project commissioning.</p>
<p>They must set up the project using their chosen battery technology and connect it to the state transmission network.</p>
<p>The project will draw power from the state distribution companies (DISCOMs) for charging. It will supply power to the DISCOM network per the dispatch instructions from the state load despatch center. DISCOMs will provide the required charging power.</p>
<p>Developers must make the BESS available for two operational cycles per day. They must guarantee a minimum system availability of 95% annually.</p>
<p>They must also guarantee an 85% monthly AC to AC roundtrip efficiency.</p>
<p>Successful bidders will receive the necessary land on lease on a right-to-use basis and with zero charges through a suitable agreement with TGGENCO.</p>
<p>They must employ commercially established and operational technologies to minimize technology risks and achieve timely project commissioning.</p>
<p>Bidders must have a minimum net worth of ₹4.32 million (~$50,118)/MW of the quoted capacity as of the end of the last financial year or seven days before the bid submission deadline.</p>
<p>Recently, NHPC <a href="https://www.mercomindia.com/nhpc-125-mw-500-mwh-standalone-bess/">issued</a> a tender to develop 125 MW/500 MWh standalone BESS connected to the intrastate transmission system in Kerala (Tranche I).</p>
<p>Gujarat Urja Vikas Nigam has also <a href="https://www.mercomindia.com/gujarat-standalone-bess-phase-vi/">invited</a> bids to set up 500 MW/1000 MWh standalone BESS under tariff-based competitive bidding (Phase VI).</p>


Telangana Invites Bids for 250 MW/500 MWh Standalone BESS

tggenco

Get the most relevant India solar and clean energy news.

RECENT POSTS