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NTPC Green Energy wins 80MW battery storage project in Kerala auction
Press Trust of India New Delhi
State-owned NTPC Green Energy on Thursday said it has bagged a battery energy storage project in Kerala in an auction conducted by NHPC.
The 80MW/320MWh battery energy storage project will provide power back-up or supply of 80MW for four hours.
NTPC Green Energy Ltd (NGEL) emerged as the winning bidder in the e-reverse auction conducted by NHPC on May 21, 2025, a regulatory filing said.
The auction was part of NHPC's tender for the selection of Battery Energy Storage System (BESS) developers for setting up of 125MW / 500MWh ISTS-connected standalone BESS in Kerala.
NGEL has secured two key projects under the initiative.
Letter of award from NHPC is awaited, it stated.
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NTPC Renewable Energy has also won a 1,000 MW solar PV power project auction from Uttar Pradesh Power Corporation Ltd. As of April, the company had a competitive tariff-based bid order book for the construction of 3.5 GW of continuously operational hybrid projects, 0.2 GW of wind projects, and 9.8 GW of solar projects. By 2032, the NTPC group intends to use NGEL to boost its renewable energy capacity to 60 GW. Risk factor: NTPC Green Energy is exposed to timing and cost overruns in these under-construction assets: around 13.5 GW of capacity is under construction in NGEL and its subsidiaries, around 1.9 GW is under construction in Ayana, and another 1.8 GW in other joint ventures. The company's primary method of project execution is engineering, procurement, and construction, and includes mechanisms for obtaining liquidated damages for commissioning delays. It is still exposed to cost increases for projects not yet awarded. 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It is currently working on 9,897 MW of projects, including 1,383 MW of solar and 8,514 MW of hydro. In India, NHPC accounts for 16% of the installed hydroelectric capacity. Of the 47,928 MW of hydroelectric power in India, NHPC has a capacity of 7,771 MW. In April, the Parbati-II hydroelectric project (800 MW) was fully commissioned by NHPC. The company's largest operational power plant is now the Parbati-II power station. NHPC is also building pumped storage projects in Andhra Pradesh, Odisha, Madhya Pradesh, Chhattisgarh, Gujarat, Tripura, Punjab, Rajasthan, and Maharashtra. Risk factors: Given NHPC's exposure to state distribution utilities and departments with a moderate-to-weak credit profile, the company is subject to counterparty credit risk. Debtors have accumulated in the past, particularly from Jammu and Kashmir Power Corporation Ltd. The company is exposed to project execution and funding-related concerns when contemplating major capital expenditure plans in the hydro and renewable segment because it has already experienced cost and schedule overruns for the 2,000-MW Subansiri Lower and 800-MW Parbati II projects. Market recap — 2 July The Nifty 50 began Wednesday's trading session on a slightly positive note at 25,588.30, but spent the majority of the day in a bearish trend, closing at 25,453.40, down 88.40 points, or 0.35%. At 61.34, the RSI was well below the 70-point overbought level. On the daily chart, the index ended above the 20, 50, 100, and 200-day moving averages. The BSE Sensex had a similar pattern, opening at 83,790.72 and falling 287.60 points, or 0.34%, to close at 83,409.69, after reaching an intraday low of 83,150.77. The Sensex's RSI was 60.16, and it continued to be above each of the four primary EMAs. Investor attitude on Wednesday was conflicted due to the impending US tariff deadline. While macroeconomic factors like PMI, inflation, the repo rate decrease, and government spending are bolstering market resilience, investors are turning their focus to the impending first-quarter corporate earnings results. On Wednesday, several sectoral indices saw negative finishes. One of the worst losers was the Nifty Realty index, which dropped 1.44% or 14.15 points, closing at 970.05. Stocks like Phoenix Mills, which fell 3.32%, Brigade Enterprises, which fell 3.25%, Prestige Estate Projects, and Anant Raj, which both fell by more than 2%, were the main causes of the downturn. Among the worst losers was the Nifty Finance index, which closed Wednesday at 26,861 after dropping 0.97%, or 262.50 points. Profit-booking and increased valuation worries caused stocks such as Bajaj Finserv, HDFC Life Insurance, Shriram Finance, and Cholamandalam Investment to drop by over 2%. Stocks of Bank of Maharashtra (which fell by more than 2.14%), Bank of Baroda, and Bank of India (which fell by 1.81% and 1.51%, respectively), caused the Nifty PSU Bank index to close at 7,193.65, down 0.83% or 59.95 points. The Nifty Metal index was one of the biggest winners on Wednesday, rising 134.65 points, or 1.41%, to close at 9,699.2. Tata Steel, SAIL, JSW Steel, and Welspun Corp. saw the biggest gains, rising more than 2.5%. The Nifty Consumer Durable index also finished higher, closing at 38,908 after rising 399.95 points, or 1.04%. With gains of almost 3%, Dixon Technologies, Blue Star, PG Electroplast, and Kajaria Ceramics were among the top gainers. Asian markets ended Wednesday with mixed results. At 3,075.06, South Korea's Kospi fell 14.59 points, or 0.47%. The Nikkei 225 in Japan closed at 39,762.48 after falling 223.85 points, or 0.56%. At 24,221.41, the Hang Seng Index ended the day up 149.13 points, or 0.62%. Dow Jones Futures were up 138.19 points, or 0.31%, at 44,631.14 as of 4:50 pm. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
