Business Update13 May 2026, 11:55 am
Ceigall India to Set Up 100 MW Battery Storage in Punjab
AI Summary
Ceigall India Limited (CIL) has been selected by Punjab State Power Corporation Limited (PSPCL) to set up a 100 MW Standalone Battery Energy Storage System (BESS) in Punjab. The selection was made through tariff-based global competitive bidding. The project involves setting up a 100 MW battery storage plant and operating it for 12 years under a Battery Energy Storage Purchase Agreement (BESPA). The tariff is ₹3,44,000/MW/Month and the project cost is approximately ₹250 Cr.
Key Highlights
- Ceigall India wins contract to set up 100 MW BESS in Punjab.
- Project awarded by Punjab State Power Corporation Limited (PSPCL).
- Tariff is set at ₹3,44,000/MW/Month for 12 years.
- The project cost is estimated at approximately ₹250 Cr.
- Project execution timeline is 18 months followed by 12 years of operation.