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)

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..