NTPC Green Energy Wins 80MW BESS Project in Kerala

NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, has emerged as the winning bidder in NHPC Limited’s recent e-reverse auction held on May 21, 2025. This marks a significant development in India’s push toward energy storage and renewable integration.

Auction Details and Project Capacity

The auction was conducted under NHPC’s tender for the selection of Battery Energy Storage System (BESS) developers. The objective is to set up a total capacity of 125MW/500MWh standalone InSTS-connected BESS projects in Kerala. This initiative falls under the Tariff-Based Competitive Bidding (TBCB) model with Viability Gap Funding (VGF) support.

NGEL successfully secured a cumulative capacity of 80MW/320MWh, making it the top bidder in the process.

Project Locations and Tariffs

NGEL will develop two key battery storage projects under this tender:

• Pothencode Substation: 40MW/160MWh at a tariff of ₹4,57,000 per MW per month
• Sreekantapuram Substation: 40MW/160MWh at a tariff of ₹4,34,000 per MW per month

These strategically located projects will play a crucial role in enhancing grid stability and supporting renewable energy deployment in Kerala.

Financial Performance in FY25

For the quarter ended March 31, 2025, the company reported a total income of ₹751.50 crore, marking an increase from ₹553.06 crore in the same quarter last year. Compared to the previous quarter (Q3 FY25), income also grew significantly from ₹581.46 crore, showcasing quarter-on-quarter momentum.

The profit for Q4 FY25 stood at ₹233.21 crore, nearly tripling from ₹80.95 crore reported in Q4 FY24. For the full year ended March 31, 2025, the company reported a net profit of ₹474.12 crore, up from ₹342.86 crore in FY24.

NTPC Green Energy Share Price Performance

On May 22, 2025, NTPC Green Energy share price (NSE: NTPCGREEN) opened at ₹111.50 and closed at ₹112.05, up by 5.55%. The stock price touched its day’s high at ₹117.64.

Also Read: NTPC Green Energy Activates Another 75 MW at IRPL!

Conclusion

With this win, NTPC Green Energy continues to strengthen its position in India’s clean energy sector. The letter of award (LoA) from NHPC is awaited, and project development is expected to commence soon after. The projects align with NTPC’s broader goal of achieving 60 GW of renewable energy capacity by 2032, reaffirming its commitment to sustainable growth.

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