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Tata Power signs its first battery energy storage purchase agreement with NHPC
18 Jul 2025, 11:13AM

Tata Power Renewable Energy Ltd (TPREL), a subsidiary of The Tata Power Company Ltd, has signed its first Battery Energy Storage Purchase Agreement (BESPA) with NHPC.

The project, secured under NHPC's BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Limited being the end user of the Battery Energy Storage System (BESS) asset, involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Area code,
Kerala.

The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala. It is part of NHPC’s broader initiative to develop 125 MW / 500 MWh of standalone battery storage capacity in the state of Kerala, under a Tariff-Based Competitive Bidding framework supported by Viability Gap Funding.

At 11.05 am, The Tata Power Company Ltd was trading at Rs. 408.05, down by 1.26%, with a volume of 1.12 lakh shares on the BSE.

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