Rajasthan Completes Auction For 500 MW/2,000 MWh Battery Project
POWER & RENEWABLE ENERGY

Rajasthan Completes Auction For 500 MW/2,000 MWh Battery Project

Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) has successfully completed the auction for a major standalone battery energy storage project, marking a significant step forward for India’s energy-storage sector. The 500 MW/2,000 MWh project, tendered in August 2025, drew strong interest from multiple developers, underscoring the rising demand for large-scale storage to support on-demand electricity needs and balance peak and off-peak power requirements in the state.

The auction was conducted through a tariff-based competitive bidding process. Six bidders participated, including Patanjali Ayurved, which bid for 250 MW/1,000 MWh, while Ultravibrant Solar Energy, Rama Reflection India, MEC Power Solutions, Bhagwati Lacto Vegetarian Exports and Diwakar Renewable & Infra each bid for 50 MW/200 MWh. The lowest tariff discovered was Rs 285,000 per MW per month, reflecting both competitive pricing and strong sectoral interest.

The project will be developed under a Build, Own, Operate model and will receive Viability Gap Funding (VGF) to promote competitive participation. According to the Request for Selection, VGF will be released in three phases: 20 per cent after financial closure, 50 per cent at the Commercial Operation Date and the remaining 30 per cent one year after commissioning. Developers must also furnish a bank guarantee to ensure timely execution and sustained operation. This phased funding structure is designed to support on-schedule delivery and reliable long-term performance of the storage system, which will play a crucial role in grid stability and demand management across Rajasthan.

The initiative reflects India’s continued push to scale up energy-storage capacity alongside its expanding renewable-energy footprint, ensuring more efficient, reliable power delivery in high-demand states.

Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) has successfully completed the auction for a major standalone battery energy storage project, marking a significant step forward for India’s energy-storage sector. The 500 MW/2,000 MWh project, tendered in August 2025, drew strong interest from multiple developers, underscoring the rising demand for large-scale storage to support on-demand electricity needs and balance peak and off-peak power requirements in the state. The auction was conducted through a tariff-based competitive bidding process. Six bidders participated, including Patanjali Ayurved, which bid for 250 MW/1,000 MWh, while Ultravibrant Solar Energy, Rama Reflection India, MEC Power Solutions, Bhagwati Lacto Vegetarian Exports and Diwakar Renewable & Infra each bid for 50 MW/200 MWh. The lowest tariff discovered was Rs 285,000 per MW per month, reflecting both competitive pricing and strong sectoral interest. The project will be developed under a Build, Own, Operate model and will receive Viability Gap Funding (VGF) to promote competitive participation. According to the Request for Selection, VGF will be released in three phases: 20 per cent after financial closure, 50 per cent at the Commercial Operation Date and the remaining 30 per cent one year after commissioning. Developers must also furnish a bank guarantee to ensure timely execution and sustained operation. This phased funding structure is designed to support on-schedule delivery and reliable long-term performance of the storage system, which will play a crucial role in grid stability and demand management across Rajasthan. The initiative reflects India’s continued push to scale up energy-storage capacity alongside its expanding renewable-energy footprint, ensuring more efficient, reliable power delivery in high-demand states.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement