ACME Solar Holdings (NSE:ACMESOLAR, BOM:544283) has been declared the winning bidder for a tender floated by NHPC (NSE:NHPC, BOM:533098) for a cumulative capacity of 275 MW/550 MWh standalone battery energy storage system (BESS) projects in Andhra Pradesh, India, according to a Thursday filing to the Indian bourses.
The bids were for two of NHPC's projects at Kuppam and Ghani in Andhra Pradesh, India.
The company's winning bid for the Kuppam project was at a tariff of 210,000 Indian rupees per MW per month with a capacity of 50 MW/100 MWh. Meanwhile, the winning bid for the Ghani project was at a tariff of 222,000 rupees per MW per month with a capacity of 225 MW/450 MWh.
Under the terms of the tender, ACME Solar will receive viability gap funding of 27,000 rupees per MWh or 30% of the total project cost, whichever is lower.
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