NHPC Ltd has given a Letter of Award to PNC Infratech Ltd to set up a 300 MW ISTS (Inter State Transmission System) connected Solar Power Plant with 150 MW/600 MWh Energy Storage Systems (ESS).

NHPC had a organized a Tariff Based Competitive Bidding process wherein PNC, as one of the bidders, managed to secure the contract. The project is expected to take 24 months to complete and the plant is expected to operate for 25 years. 

Shares of NHPC Ltd were closed at Rs 82.10, down by 3.54% at BSE.