The Energy and Resources Institute (TERI) has invited bids for battery energy storage systems (BESS) on turnkey basis under the U.S.-India Collaborative for Smart Distribution System with Storage (UI-ASSIST) initiative with the BSES Rajdhani Power Limited (BRPL) in the national capital territory of Delhi.
The scope of work includes the design, supply, testing, installation, commissioning, and the comprehensive annual maintenance of the battery energy storage systems at identified locations within the BRPL license area for five years.
The last date for the submission of bids is January 17, 2020. The estimated bid price is ₹20 million for 400 kW of cumulative capacity at three locations. Interested bidders are to pay an earnest money deposit (EMD) amounting to 3% of the bid cost.
To be eligible to take part in the competitive bidding process, parties should have at least three years of experience in executing similar projects across the globe, with a turnover of at least ₹100 million annually in the last three years.
Eligible bidders must have also successfully installed and operated at least 125 kW of BESS systems that can run for 2 hours or longer. The tender added that at least one of these grid-interactive battery systems should have been 50 kW or higher with the ability to run for over two hours.
Earlier, Central Electronics Limited (CEL), a public-sector enterprise of the government of India (GoI), floated an expression of interest (EoI). The EoI invited engineering, procurement, construction (EPC) contractors to empanel for installing BESS on a turnkey basis in India using various battery technologies.
According to a recently released report from Mercom Capital Group, global VC funding (venture capital, private equity, and corporate venture capital) for battery storage, smart grid, and efficiency companies in the first nine months (9M) of 2019 was 54% higher with over $2 billion compared to the $1.3 billion raised during the same period in 2018.
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Nithin Thomas is a staff reporter at Mercom India. Previously with Reuters News, he has covered oil, metals and agricultural commodity markets across global markets. He has also covered refinery and pipeline explosions, oil and gas leaks, Atlantic region hurricane developments, and other natural disasters. Nithin holds a Masters Degree in Applied Economics from Christ University, Bangalore and a Bachelor’s Degree in Commerce from Loyola College, Chennai. More articles from Nithin.