IFC Invests Rs 4.60 Bn in India's Biggest Battery Storage Project

04 Jul 2025 CW Team

IFC, a member of the World Bank Group, has committed Rs 4.60 billion to IndiGrid for the development of India’s largest standalone battery energy storage system (BESS) project in Gujarat. The project is expected to significantly contribute to the state's clean energy ambitions by enhancing grid stability and ensuring dependable power supply during peak demand periods.

The financing involves a long-term investment of approximately Rs 4.60 billion through a subscription to listed non-convertible debentures. This includes 38.5 million from IFC’s own account and $16.5 million in concessional support from the Clean Technology Fund, which operates under the World Bank-hosted Climate Investment Funds framework.

The initiative aims to improve access to reliable and affordable electricity, which is central to development goals in emerging markets. Battery energy storage is being recognised as essential for diversifying India's energy portfolio and ensuring the availability of clean power during high-demand periods.

IndiGrid has previously collaborated with IFC on sustainable and inclusive infrastructure projects in India. The current investment aligns with Gujarat’s target of achieving 100 GW of renewable capacity by 2030 and offers a scalable model for other states to follow.

India’s power sector is currently undergoing a significant transformation as the country progresses toward its national target of 500 GW of clean energy capacity by 2030. The integration of solar and wind power into the grid presents challenges related to stability, peak load handling, and dispatch reliability.

Utility-scale battery storage is increasingly viewed as a critical tool for addressing these issues, enabling smoother integration of renewable energy sources. The new BESS project in Gujarat is seen as a strategic step towards building future-ready, clean, and resilient energy infrastructure.

News source: Money Rediff

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..