Bondada Engineering has secured letter of award (LoA) from Telangana Power Generation Corporation (TGGENCO) for setting up of 100 MWh battery energy storage systems (BESS) in Telangana.
The contract has been awarded under tariff-based global competitive bidding (TBCB) process with viability gap funding (VGF) for setting up of 100 MWh (50MW x 2 hrs) BESS for “on demand usage” on build, own, operate (BOO) basis, near 400/220KV substation of TGTRANSCO at Shankarpally.
Valued at Rs 204.20 crore, the work is proposed to be executed within 18 months from the execution of the power purchase agreement (PPA).