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Rajasthan’s First 1GW/2GWh BESS Tender Cleared at Record Rs 1.775 Lakh/MW
Rajasthan’s Rajya Vidyut Utpadan Nigam Ltd (RVUNL) has awarded its first 1 GW/2 GWh standalone Battery Energy Storage System (BESS) tender under the second Viability Gap Funding (VGF) Scheme at a new record-low tariff of Rs 1.775 lakh/MW/month.This represents approximately a 15% drop from the previous RVUNL BESS tender.
RVUNL awarded its latest tender to 11 bidders at varied tariffs ranging from Rs 1.775 lakh/MW/month to Rs 1.78 lakh/MW/month. According to the tender results, five bidders secured projects at Rs 1.775 lakh/MW/month: Stockwell Solar (200 MW/400 MWh), Oswal Cables (100 MW/200 MWh), Micromax Informatics (50 MW/100 MWh), Patanjali Renewables (100 MW/200 MWh), and RCRS Innovations (50 MW/100 MWh).
Meanwhile, four bidders won at Rs 1.78 lakh/MW/month for 100 MW/200 MWh each: Galaxy Mining & Royalty, Manda Project, and Viviana Power Tech. Mineralia Impex secured a 50 MW/100 MWh project at the same tariff. The remaining bids were allocated at Rs 1.785 lakh/MW/month: 100 MW/200 MWh to Onward Solar and 50 MW/100 MWh to ST Electricals.
Tender Results
| Name | Tarrif | Capacity Won |
| 1. Stockwell Solar | Rs. 1.775/MW/Month | 200 MW/400 MWh/Month |
| 2. Oswal Cables | Rs. 1.775/MW/Month | 100 MW/200MWh/Month |
| 3. Micromax Informatics | Rs. 1.775/MW/Month | 50 MW/100MWh/Month |
| 4. Patanjali Renewables | Rs. 1.775/MW/Month | 100 MW/200MWh/Month |
| 5. RCRS Innovations | Rs. 1.775/MW/Month | 50 MW/100 MWh/Month |
| 6. Viviana Power Tech | Rs. 1.78/MW/Month | 100 MW/200 MWh/Month |
| 7. Galaxy Mining & Royalties | Rs. 1.78/MW/Month | 100 MW/200 MWh/Month |
| 8. Manda Projects | Rs. 1.78/MW/Month | 100 MW/200 MWh/Month |
| 9. Mineralia Impex | Rs. 1.78/MW/Month | 50 MW/100MWh |
| 10. Onward Solar | Rs. 1.785/MW/Month | 100 MW/200MWh |
| 11. ST Electrical | Rs. 1.785/MW/Month | 50 MW/100 MWh |
About The Tender
This new BESS project comes with Rs 9 lakh/MWh less VGF support (Rs 18 lakh/MWh), with land under the developer’s scope, connected to 220 kV, in an environment where BESS costs have remained stable over the past few months despite fears of rising costs.
A total of approximately 33 players now have standalone BESS projects in their portfolio. All eyes should now be on the implementation of these projects. It is time to see how quickly this portfolio of 48 GWh of standalone BESS projects comes to life on the ground.
Previously, the lowest BESS project was awarded at Rs 2.16 lakh/MW/month by NVVN to Solar19 Cleantech Ltd for a 50 MW project. Other winning bidders included Rays Power Experts, which secured a 50 MW project at Rs 2.187 lakh/MW/month, and Stockwell Solar Services, which won the largest share of 225 MW at Rs 2.19 lakh/MW/month. Oriana Power and INOX Renewable Energy each secured 225 MW. According to the tender results, INOX Renewables secured the project at Rs 2.19 lakh/MW/month, while Oriana Power won the bid at Rs 2.19 lakh/MW/month.