NTPC Green Wins 80MW Battery Project in Kerala

27 May 2025 CW Team

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has won a cumulative 80 megawatt (MW) / 320 megawatt-hour (MWh) battery energy storage project in Kerala. The win follows an e-reverse auction conducted by NHPC Limited on May 21, 2025, under tariff-based competitive bidding with viability gap funding support.

NGEL has secured two standalone battery energy storage system (BESS) projects:

40MW / 160MWh at the Pothencode Substation at a tariff of Rs 457,000 per MW per month
40MW / 160MWh at the Sreekantapuram Substation at a tariff of Rs 434,000 per MW per month

These projects are part of NHPC鈥檚 tender to develop 125MW / 500MWh interstate transmission system (InSTS)-connected BESS in Kerala. The initiative aims to enhance grid stability and support renewable energy integration in the region.

The letter of award for both projects is currently awaited. NGEL鈥檚 success reinforces its leadership in utility-scale energy storage and further supports India鈥檚 energy transition goals.

Source:Press release issued by NTPC Green Energy Limited

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..