Mumbai, July 16 -- According to an exchange filing, the tender involves setting up 1200 MW ISTS-connected solar power projects integrated with 600 MW/2400 MWh Energy Storage Systems (ESS) under a Tariff Based Competitive Bidding (TBCB) framework, featuring a Green Shoe Option. PNC Infratech quoted a competitive tariff of Rs 3.13 per kWh.

Out of the total capacity, PNC Infratech has been awarded a 300 MW ISTS solar power project paired with a 150 MW/600 MWh ESS at the quoted price. The selection was made through an electronic reverse auction held on 15 July 2025.

The project timeline includes a Scheduled Commencement of Supply Date (SCSD) set at 24 months from the effective date of the Power Purchase Agreement (PPA), with the PPA operati...