New Delhi: NTPC Green Energy Ltd (NGEL) has emerged as the successful bidder in the e-reverse auction conducted by West Bengal State Electricity Distribution Company Ltd (WBSEDCL) for the development of standalone Battery Energy Storage System (BESS) projects in West Bengal.
Under the tender, NTPC Green Energy secured 200 MW/800 MWh of BESS capacity at a discovered tariff of ₹4.35 lakh per MW per month.
The e-reverse auction was concluded on August 7, 2026, as part of West Bengal’s efforts to expand battery storage capacity and strengthen its power system.
NTPC Green Energy Secures 200 MW/800 MWh Capacity
The tender was floated by WBSEDCL for the development of a total 500 MW/2,000 MWh standalone BESS capacity in West Bengal through a Tariff-Based Competitive Bidding (TBCB) process.
Key Project Details
- Successful Bidder: NTPC Green Energy Ltd
- BESS Capacity Secured: 200 MW/800 MWh
- Total Tender Capacity: 500 MW/2,000 MWh
- Discovered Tariff: ₹4.35 lakh per MW per month
- Tendering Agency: WBSEDCL
- Bidding Process: Tariff-Based Competitive Bidding
- Auction Date: August 7, 2026
The award gives NGEL a significant position in West Bengal’s emerging battery storage market.
Read also: NTPC Green Energy to Raise ₹2,500 Crore Through NCD Issue to Accelerate Renewable Energy Growth
BESS Project to Support Renewable Energy Integration
The project is significant for West Bengal as the state looks to expand battery storage infrastructure to manage peak electricity demand and support the integration of renewable energy.
Battery Energy Storage Systems can store electricity when demand is relatively low and release it during periods of higher demand, helping improve grid flexibility and reliability.
For NGEL, the project further expands its presence in the energy storage segment alongside its growing portfolio of solar and hybrid renewable energy projects.
NTPC Green Energy Expands Storage Portfolio
The latest BESS win adds another major project to NTPC Green Energy’s expanding clean energy portfolio.
The company has increasingly focused on battery storage and hybrid renewable energy projects, indicating that energy storage is becoming an important growth area alongside its traditional focus on renewable power generation.
The West Bengal project also highlights NGEL’s approach of securing sizeable storage capacity at a commercially viable tariff rather than simply competing for the lowest possible bid.
NGEL Reports 38.3% Rise in June Quarter Net Profit
NTPC Green Energy also reported strong financial performance for the quarter ended June 2026.
The company’s net profit increased 38.3% year-on-year, supported by strong growth in revenue.
Q1 Financial Highlights
- Revenue from operations: ₹1,106.9 crore
- Year-ago revenue: ₹680.2 crore
- Year-on-year revenue growth: 62.7%
- Net profit growth: 38.3% year-on-year
The strong revenue growth reflects the company’s expanding renewable energy operations and growing project portfolio.
NTPC Green Energy to Increase Stake in AP NGEL Harit Amrit
The company’s Board has also given in-principle approval for an investment of up to ₹28.78 lakh in AP NGEL Harit Amrit Ltd, a 50:50 joint venture between NTPC Green Energy and the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd.
Following the proposed investment, NTPC Green Energy’s holding in the joint venture will increase to 51%.
As a result, AP NGEL Harit Amrit will become a subsidiary of NTPC Green Energy, subject to the necessary statutory and regulatory approvals.
The subsidiary structure is also expected to facilitate subsequent stake dilution for captive or group captive arrangements serving commercial and industrial customers, subject to applicable approvals.
NTPC Green Energy Share Price
Shares of NTPC Green Energy Ltd closed at ₹91.50 on the BSE on August 7, 2026.
The stock gained ₹0.19, or 0.21%, during the trading session.
About NTPC Green Energy
NTPC Green Energy Limited (NGEL) is a subsidiary of NTPC focused on developing renewable energy projects, including solar and wind power. The company plays a key role in India’s clean energy expansion and supports the nation’s target of increasing green energy capacity through large-scale sustainable projects.
Read also: NTPC Green Energy Adds 50 MW Solar Capacity in Rajasthan, Total Capacity Rises to 10,671.40 MW
