NTPC invests ₹5,822 crore in battery storage project
after close1 source ↓written by the desknot a recommendation
- investment
- ₹5,821.90 crore
- was made
- ₹3,173.67 crore
- joint venture
- ₹5,000 crore
NTPC Limited's board has approved a ₹5,821.90 crore investment for a 4.70 GWh Battery Energy Storage System, enhancing its grid-scale storage capabilities. Additionally, an equity commitment of ₹3,173.67 crore was made for the Meja Super Thermal Power Project Stage-II, raising NTPC's total equity in the joint venture to ₹5,000 crore. This strategic move supports renewable energy integration and strengthens NTPC's position in India's power sector. ⚡
• Investment in battery storage: ₹5,821.90 crore
• Equity commitment for Meja JV: ₹3,173.67 crore
• Total equity in JV: ₹5,000 crore
Immediate implications include potential boosts in operational efficiency and market competitiveness for NTPC.
Not investment advice. For informational purposes only.