Successful bid price of NMC battery storage project in India 2026

RK Singh, India’s minister for Power and New & Renewable Energy, shared that a SECI auction for the installation of a 500 MW/1000 MWh battery energy storage system (BESS) has yielded a capacity charge of minimum INR 10.83 lac/MW/month, or INR 10.18 ($0.12)/kWh.
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Cost of energy storage discovered in bid is 10.18 rupees per

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