Mumbai, June 26 -- The auction was part of a tender issued by NHPC in February 2025 to enhance energy storage capacity in Andhra Pradesh.

The BESS capacity is spread across two projects at Kuppam and Ghani.

The company's winning bid for Kuppam project was at a tariff of Rs 210,000 per MW per month with a capacity of 50 MW / 100 MWh.

Its winning bid for Ghani project was at a tariff of Rs 222,000 per MW per month with a capacity of 225 MW / 450 MWh.

The project requires system availability for two full operational cycles of two hours each every day.

As part of the project, ACME Solar will receive viability gap funding of Rs 27 lakh per MWh or 30% of the total project cost, whichever is lower.

The company stated that this project will...