New Launch27 May 2025, 01:37 pm
Bondada Engineering Secures First-of-its-kind 100 MWh BESS Order from TGGENCO
AI Summary
Bondada Engineering Ltd has received a Letter of Award (LOA) from Telangana Power Generation Corporation Limited (TGGENCO) for setting up a 100 MWh Battery Energy Storage Systems (BESS) project. This is the first order for the company in the BESS business line, marking a significant step towards its Vision-2030. The project, valued at approximately Rs. 204.20 Crores, is to be executed within 18 months from the execution of the Power Purchase Agreement.
Key Highlights
- Bondada Engineering secures first-of-its-kind 100 MWh BESS order from TGGENCO.
- The project is valued at approximately Rs. 204.20 Crores and is in line with the company's Vision-2030.
- The BESS project is to be set up in Telangana near a 400/220KV substation of TGTRANSCO for 'on demand' usage under Tariff-based Global Competitive Bidding with Viability Gap Funding (VGF) under Build Own Operate (BOO).
- The project is expected to be completed within 18 months from the execution of the Power Purchase Agreement.
- This marks a significant step for Bondada Engineering in the BESS business line.