Can Kerala's 2,000 MWh battery storage project transform its clean energy future?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Kerala State Electricity Board, NTPC, and NGEL signed a pact to build a 2,000 MWh battery storage project in Kayamkulam.
- ✓This system will store solar and wind energy to use when demand peaks.
- ✓Kerala also secured 300 MW from NTPC’s Sinnar plant at Rs 5.18 per unit to reduce power cuts.
Story at a Glance
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- MARKET
- Reported By
- Financial Express
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- 5 Minute(s)
- Market Focus
- India Economy
The three entities -- Kerala State Electricity Board (KSEB), NTPC and NGEL -- signed a Memorandum of Understanding (MoU) to implement the project, Chief Minister VD Satheesan said after a meeting in Delhi with NTPC CMD Gurdeep Singh.
Alongside the big battery project, the state has also secured an immediate power arrangement: up to 300 MW from NTPC's Sinnar thermal project in Maharashtra at a tariff of Rs 5.18 per unit, and a willingness from NTPC to sign a Power Purchase Agreement (PPA) to supply additional power from its Ramagundam plant.
The decisions aim to reduce power cuts now and improve energy security in the long run, while keeping costs and funding in focus.
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