India's energy storage sector set to grow with 15,800 MW of BESS projects
Battery Energy Storage System
(BESS) projects are in the pipeline and that about 12,500 MW of BESS projects are now in the bidding process.
Prasad shared the data today at the
India Energy Storage
Week, organised by the India Energy Storage Alliance (IESA).
He said that the projects in the pipeline are expected to culminate in roughly 8,500 MWh of storage within the next two years, while the projects under bidding represent 42,000 MWh capacity.
While acknowledging that India's current BESS capacity is 'very meagre' at around 205 MW (506 MWh), the senior official emphasised the nation's ambitious plans for the future, which include integrating more renewable energy sources into its grid.
Furthermore, the government is also heavily focused on
hydropumped storage projects
(PSP). This year, the target is to add 3,000 MW of hydro PSP capacity, with the long-term goal of increasing this to 50 GW or more within the next five to six years.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
2 hours ago
- Business Standard
Oriana Power surges after bagging Rs 212-cr BESS project from KPTCL
Oriana Power jumped 4.70% to Rs 2,408 after the company secured an order worth Rs 212.31 crore from Karnataka Power Transmission Corporation (KPTCL) for setting up 50 MW/100 MWh standalone Battery Energy Storage Systems (BESS). The project will install standalone grid-scale BESS facilities with a total capacity of 50 MW/100 MWh at Shahapur Taluk Yadagir, Karnataka. This BESS initiative aims to improve grid stability by balancing supply and demand, lowering the risk of blackouts, and boosting overall grid efficiency. The project will follow a build-own-operate model and will include Rs 27 crore in Viability Gap Funding. The execution timeline is 15 months, with revenue generation expected over a period of 12 years. Oriana Power is engaged in two main business verticals: providing EPC and operations of solar power projects and offering solar energy solutions on a BOOT (build, own, operate, transfer) basis. On a full-year basis, the company's net profit surged 192.1% to Rs 158.54 crore on a 157.8% rise in net sales to Rs 987.17 crore in FY25 over FY24.
Economic Times
6 hours ago
- Economic Times
US copper tariff may impact Indian electronics, chip plans
Agencies President Donald Trump last week announced a steep 50% tariff on copper imports into the US, triggering an alarm across global supply chains and raising concerns in India's electronics and semiconductor the measure is primarily aimed at boosting domestic copper production in the US, Indian executives said the ripple effects could to some extent disturb India's chip and electronics manufacturing efforts under its semiconductor mission. India's reliance on imported high-purity copper materials could become a serious bottleneck as global trade barriers proliferate and disrupt the supply chain, said industry leaders. They urge the Indian government to move swiftly — not just by streamlining import procedures and BIS certifications but also by investing in the domestic production of high-grade copper alloys and materials essential to the electronics and chip value chain. Indirect blow 'Copper is critical for chip wiring, PCBs, interconnects, and power systems,' said Ashok Chandok, president of SEMI India and the India Electronics and Semiconductor Association (IESA). 'India imports a large share of its refined copper and concentrates. Even gold-plated copper wires used in outsourced semiconductor assembly and test units are facing procedural hurdles.'Copper is a critical raw material in electronic manufacturing, widely used in printed circuit boards (PCBs), capacitors, resistors, connectors, relays, and wiring for semiconductor packaging and assembly. Domestic suppliers like Hindustan Copper, Sterlite, and Hindalco do not currently produce the semiconductor-grade copper needed at scale, the IESA president pointed out. Global supply issues and costlier components will increase the manufacturing cost and slow down cost-sensitive semiconductor projects, he said. 'India must not just incentivise fabs but also build upstream resilience — through domestic refining, free trade agreements, and even strategic reserves.'Semiconductors aren't directly hit by tariffs, said Kunal Chaudhary, partner and co-leader of the Inbound Investment Group at EY India. 'But disruptions in copper, critical for chip wiring, are pushing up costs and shifting policy focus. This is slowing India's chip momentum and making things more expensive for global supply chains." Though India has copper smelting and refining capacity, high-purity copper and specialty alloys required for advanced electronics and chipmaking are largely imported, often from countries like China, which offer competitive pricing and advanced processing capabilities. India's own steps, like requiring quality certification on imports, could also affect the industry.'India does not manufacture high-purity copper materials or the special alloys like strips, wires, or sheets required for semiconductors,' said Rajoo Goel, secretary general of the Electronic Industries Association of India. 'These are imported and supplied by a few specialised global manufacturers, many of them in China. Imposing trade barriers like tariffs, Quality Control Orders, or Bureau of Indian Standards certifications without enabling alternatives can disrupt this fragile but essential supply chain,' Goel semiconductor momentum is in its early stages and blocking imports through regulatory or pricing hurdles could discourage foreign investment and slow the growth, Goel said. 'We need to remove hurdles, not add new ones. Strengthening domestic copper processing will take time — and until then, strategic imports must be facilitated, not impeded,' he reportedly exported $2 billion worth of copper and copper products in 2024-25, including $360 million, or 17%, to the US. The US is India's third-largest market for copper exports after Saudi Arabia (26%) and China (18%). Any decline in US demands following new tariffs is likely to be absorbed by the domestic industry.'The semiconductor race is not just about fabs,' Chandok said. 'It's about the entire ecosystem — and that begins with secure, affordable, and quality raw materials like copper.' Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. The 10-second mystery: Did the Air India crash report hide more than what it revealed? Can Indian IT's 'pyramid' survive the GenAI shake-up? Zee promoters have a new challenge to navigate. And it's not about funding or Sebi probe. The deluge that's cooling oil prices despite the Iran conflict Stock Radar: Natco Pharma stock showing signs of momentum after falling over 30% from highs – what should investors do? In mid-caps, 'just hold' often creates wealth: 10 mid-cap stocks from different sectors with upside potential up to 44% F&O Talk | Foreign outflows, IT drag pull nifty lower; next support at 24,500: Rahul Ghose How to use dividend yield in volatile times: 6 stocks where this strategy has a high chance of giving much better returns
Time of India
10 hours ago
- Time of India
US copper tariff may impact Indian electronics, chip plans
Academy Empower your mind, elevate your skills ETtech President Donald Trump last week announced a steep 50% tariff on copper imports into the US, triggering an alarm across global supply chains and raising concerns in India's electronics and semiconductor the measure is primarily aimed at boosting domestic copper production in the US, Indian executives said the ripple effects could to some extent disturb India's chip and electronics manufacturing efforts under its semiconductor reliance on imported high-purity copper materials could become a serious bottleneck as global trade barriers proliferate and disrupt the supply chain, said industry leaders. They urge the Indian government to move swiftly — not just by streamlining import procedures and BIS certifications but also by investing in the domestic production of high-grade copper alloys and materials essential to the electronics and chip value chain.'Copper is critical for chip wiring, PCBs, interconnects, and power systems,' said Ashok Chandok, president of SEMI India and the India Electronics and Semiconductor Association (IESA). 'India imports a large share of its refined copper and concentrates. Even gold-plated copper wires used in outsourced semiconductor assembly and test units are facing procedural hurdles.'Copper is a critical raw material in electronic manufacturing, widely used in printed circuit boards (PCBs), capacitors, resistors, connectors, relays, and wiring for semiconductor packaging and suppliers like Hindustan Copper , Sterlite, and Hindalco do not currently produce the semiconductor-grade copper needed at scale, the IESA president pointed supply issues and costlier components will increase the manufacturing cost and slow down cost-sensitive semiconductor projects, he said. 'India must not just incentivise fabs but also build upstream resilience — through domestic refining, free trade agreements, and even strategic reserves.'Semiconductors aren't directly hit by tariffs, said Kunal Chaudhary, partner and co-leader of the Inbound Investment Group at EY India. 'But disruptions in copper, critical for chip wiring, are pushing up costs and shifting policy focus. This is slowing India's chip momentum and making things more expensive for global supply chains."Though India has copper smelting and refining capacity, high-purity copper and specialty alloys required for advanced electronics and chipmaking are largely imported, often from countries like China, which offer competitive pricing and advanced processing capabilities. India's own steps, like requiring quality certification on imports, could also affect the industry.'India does not manufacture high-purity copper materials or the special alloys like strips, wires, or sheets required for semiconductors,' said Rajoo Goel, secretary general of the Electronic Industries Association of India. 'These are imported and supplied by a few specialised global manufacturers, many of them in China. Imposing trade barriers like tariffs, Quality Control Orders, or Bureau of Indian Standards certifications without enabling alternatives can disrupt this fragile but essential supply chain,' Goel semiconductor momentum is in its early stages and blocking imports through regulatory or pricing hurdles could discourage foreign investment and slow the growth, Goel said. 'We need to remove hurdles, not add new ones. Strengthening domestic copper processing will take time — and until then, strategic imports must be facilitated, not impeded,' he reportedly exported $2 billion worth of copper and copper products in 2024-25, including $360 million, or 17%, to the US. The US is India's third-largest market for copper exports after Saudi Arabia (26%) and China (18%). Any decline in US demands following new tariffs is likely to be absorbed by the domestic industry.'The semiconductor race is not just about fabs,' Chandok said. 'It's about the entire ecosystem — and that begins with secure, affordable, and quality raw materials like copper.'
