NVVN Invites Bids for 500 MW BESS in Rajasthan

03 Mar 2025 CW Team

NTPC Vidyut Vyapar Nigam (NVVN) has issued a request for selection to develop a 500 MW/1,000 MWh standalone battery energy storage system (BESS) in Rajasthan under a build-own-operate model.

Bids are due by March 31, 2025, and will be opened on April 1. Bidders must submit an earnest money deposit of Rs 682,000 per MW, along with a tender document fee of Rs 22,500 and a processing fee of Rs 1.5 million. Successful bidders will need to provide a performance bank guarantee of Rs 1.7 million.

The selected bidders will qualify for viability gap funding (VGF) for a cumulative BESS capacity of 2,000 MWh, awarded in multiple tranches. VGF support is capped at Rs 2.7 million per MWh or 30% of the project’s capital cost, whichever is lower.

The project scope includes setting up the BESS, integrating it with the state transmission utility network, and constructing the substation bay. Developers must ensure the BESS is available to NVVN for charging and discharging on demand and obtain all necessary approvals and permits.

Bidders must demonstrate a minimum net worth of $6.8 million per MW and an annual turnover of Rs 227,000 per MW of the quoted capacity.

In a related development, NVVN recently sought bids for a 250 MW/1,000 MWh interstate transmission system-connected BESS and awarded Solarium Green Energy a contract to install 6,929 kW of grid-connected rooftop solar projects for central armed forces and government departments in Uttar Pradesh.

(Mercom)

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..