The Delhi Electricity Regulatory Commission (DERC) has granted regulatory approval for India's inaugural commercial standalone Battery Energy Storage System (BESS) project. This pioneering endeavor, backed by The Global Energy Alliance for People and Planet (GEAPP), entails a concessional loan covering 70% of the total project cost.
Will India's first battery energy storage system be regulated in 2024?
New Delhi | 08 May 2024 — In a significant step forward for India's energy transition, the Delhi Electricity Regulatory Commission (DERC) has granted regulatory approval of India's first commercial standalone Battery Energy Storage System (BESS) project.
The agreement pertains to establishing a 20 MW/40 MWh battery energy storage project at the 33/11 kV Kilokari grid substation, intended for storing, charging, and discharging electricity for BRPL.
It owns 37 power projects, consisting of 46 transmission lines with more than ~8,468 ckms length, 13 substations with ~17,550 MVA transformation capacity and ~855 MWAC (~1.1 GWp) of solar generation capacity. IndiGrid has assets under management (AUM) of over ~₹ 282 billion (~USD 3.4 billion).