Mumbai, June 24 -- Valued at Rs 836 crore, the project is the largest BESS order in Bondada's history and will be executed under the Build-Own-Operate (BOO) model. The facilities will provide two full cycles of charging and discharging per day, aimed at improving grid stability, managing peak power demand, and facilitating renewable energy integration in the state.

The company expects the project to be completed within 18 months from the execution of the energy storage purchase agreement. Revenues from the order will be recognized over a 12-year period.

Bondada emerged as the winning bidder through a tariff-based competitive bidding process conducted by TNGECL, supported by the Viability Gap Funding (VGF) mechanism under the state compo...