Power Grid Shares Rise After Winning 2,000 MWh Battery Storage Project

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Stock Price Movement
Power Grid Corporation of India shares rose 1.38% to ₹263.90 after the company announced it emerged as a successful bidder for a large battery storage project.

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Project Overview
The project involves setting up 2,000 MWh battery energy storage capacity, structured as 1,000 MW with a two-hour storage duration for on-demand power usage.

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Execution Model & Support
The project will be implemented under the build-own-operate model and supported by Viability Gap Funding through the Power System Development Fund.

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Andhra Pradesh Installation
Power Grid will set up a 150 MW/300 MWh standalone battery storage system at the 400/220 kV Kalikiri substation in Chittoor district, Andhra Pradesh.

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Strategic Importance
The battery storage system will enhance grid flexibility, support renewable energy integration, and strengthen overall transmission reliability in Andhra Pradesh.

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With Our Subscription Plans

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Power Grid Shares Rise After Winning 2,000 MWh Battery Storage Project

Stock Price MovementPower Grid Corporation of India shares rose 1.38% to ₹263.90 after the company announced it emerged as a successful bidder for a large battery storage project.

Project OverviewThe project involves setting up 2,000 MWh battery energy storage capacity, structured as 1,000 MW with a two-hour storage duration for on-demand power usage.

Execution Model & Support The project will be implemented under the build-own-operate model and supported by Viability Gap Funding through the Power System Development Fund.

Andhra Pradesh InstallationPower Grid will set up a 150 MW/300 MWh standalone battery storage system at the 400/220 kV Kalikiri substation in Chittoor district, Andhra Pradesh.

Strategic Importance The battery storage system will enhance grid flexibility, support renewable energy integration, and strengthen overall transmission reliability in Andhra Pradesh.