Kundan Green Energy Secures LOI from BSPGCL for 10 MW / 40 MWh BESS Project in Bihar
The project provides a monthly tariff of INR 4,44,000 / MW, and VGF is stipulated at INR 27,00,000 / MWh, leading to a financially viable long-term proposition.
June 25, 2025. By News Bureau
This project is critical for the state's next step toward a robust, efficient, and clean energy grid. The BESS will allow four hours of discharge within one daily cycle, permitting the balancing of user-end electricity needs and grid-level operations.
The BESS project has been granted to Kundan Green Energy through a competitive tariff-based reverse auction process, reaffirming its commitment to providing cheap and clean energy. The project provides a monthly tariff of INR 4,44,000 / MW, and VGF is stipulated at INR 27,00,000 / MWh, leading to a financially viable long-term proposition.
During the 12-year operational period, the project is expected to generate gross revenues of around INR 64 crore. The signing of the Battery Energy Storage Purchase Agreement (BESPA) is the next major step in the project, expected by July 2025.
Udit Garg, Managing Director & CEO, Kundan Green Energy, said, “We are honored to be collaborating with Bihar State Power Generation Company on this ground-breaking Battery Energy Storage System project. This is an important step in augmenting Bihar’s power infrastructure and allowing better access to renewable energy. At Kundan Green energy, we continue to provide innovative and sustainable energy solutions that solve not just for grid reliability, but for enabling the consumer to have cleaner, more reliable power. This initiative is a testimony of our commitment to fast-tracking India’s energy transitions, leveraging technology and full execution.”
The BESS will be a key enabler for reinforcing Bihar’s power infrastructure with enhanced grid stability, improved renewable integration, reduced T&D losses, and deferment of capital-intensive distribution system investment. On the consumer side, it will improve power reliability, particularly in rural areas; help to promote microgrid construction and offer a cost-saving formula for commercial and industrial users through peak shaving.
The project will also help promote energy independence for rooftop solar households and catalyze the acceptance of clean energy, as Bihar moves towards a decentralized and resilient energy system.
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