The order has been awarded by Telangana Power Generation Corporation Limited for developing a 750 MWh battery energy storage system (BESS) at Choutuppal.
The project, which will have a capacity of 187.5 MW for four hours, is estimated to cost Rs 1,057.09 crore.
“Coal India Limited has received a Letter of Award (LOA) from Telangana Power Generation Corporation Limited for Setting up of 750 MWh (187.5 MW for 4 hours) BESS Plant at Choutuppal,” it said in its regulatory filing.
The company said the project will be completed within 18 months from the signing of the Battery Energy Storage Purchase Agreement (BESPA).
As part of the deal, Coal India will supply power at a tariff of Rs 3.14 lakh per MW per month.
CIL will also need to submit performance bank guarantees and other required documents within 15 days, after which the formal agreement will be signed.
