Business Update13 May 2026, 12:03 pm
Ceigall India to set up 50 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 50 MW Standalone Battery Energy Storage System (BESS) in Punjab. The project was awarded through tariff-based global competitive bidding. The project cost is approximately ₹125 Cr and the tariff is set at ₹2.99/KWh. The contract includes an 18-month work execution period and a 12-year operational period under a Battery Energy Storage Purchase Agreement (BESPA).
Key Highlights
- Ceigall India will set up a 50 MW Battery Energy Storage System in Punjab.
- The project was awarded by Punjab State Power Corporation Limited (PSPCL).
- The project involves a cost of approximately ₹125 Cr.
- The tariff for the project is set at ₹2.99/KWh.
- The operational period for the project is 12 years.
Price Impact
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