Power Grid Corporation of India Limited has informed the Exchange about POWERGRID declared as successful bidder under TBCB.
POWERGRID · price
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Power Grid Corporation of India has been declared the successful bidder under Tariff Based Competitive Bidding (TBCB) for setting up a Battery Energy Storage System (BESS) project in Andhra Pradesh. The project involves a capacity of 150 MW/300 MWh at the 400/220kV SS Kalikiri sub-station in Chittoor District, under the Build-Own-Operate model. It is part of a larger 2,000 MWh cumulative BESS tender floated by APTRANSCO for 'on Demand' usage, with Viability Gap Funding support through PSDF. The Letter of Award was received by POWERGRID on 29th December 2025.
This is a positive development for POWERGRID as it expands the company's footprint in the energy storage segment, a key growth area as India ramps up renewable energy integration. While the individual project value was not disclosed, the win reinforces POWERGRID's role in building critical grid infrastructure and signals continued order flow momentum.