A Memorandum of Understanding (MoU) for the development of a battery energy storage system (BESS) project with a capacity of up to 250 MW/500 MWh in Assam has been signed by ONGC Tripura Power Company Limited (OTPC) and Assam Power Distribution Company Limited (APDCL).
According to an OTPC statement, the project would be developed through the incorporation of a joint venture company. The Tripura government, ONGC, GAIL, and India Infrastructure Fund II are partners in the joint venture.
Transition To Decarbonized Energy Mix
The project will be developed with a total investment of Rs. 2,000 crores. Sanil C. Namboodiripad, Managing Director, OTPC, said, "OTPC is eager to support Assam in its transition to a decarbonized energy mix." OTPC has been a dependable energy supplier to Assam since 2014. "The energy storage project will bring in multiple avenues of employment, boost local businesses, improve utilization of green energy, reduce carbon emissions, and contribute to overall socio-economic development in Assam," he added.
He further highlighted that the project will aid the state in boosting grid reliability, increasing the amount of power available during times of high demand, and improving the integration of renewable energy generation.
Nandita Gorlosa, Assam's minister of power, said in a speech at the event that the development would help the state achieve its goal of becoming a global leader in the transition to green energy.
Battery Storage System: A Modern Need
According to Rakesh Kumar, MD of APDCL, battery energy storage projects are essential for the successful integration of future solar power projects because the state is implementing significant solar energy capacity.
25% of the energy needs of all seven North-Eastern states are met by OTPC's 726 MW gas-based combined-cycle power plant, which it owns and runs. According to a statement from the company, OTPC, a strategic and dependable energy partner, intends to play a crucial part in the country's transition to clean energy by installing energy storage systems across India for better integration of renewable energy with the current electric power system.
By 2030, India wants to have 500 GW of renewable energy capacity, and by 2070, it wants to have no carbon emissions at all. In order to store energy for times of peak demand and to maintain grid stability as renewable energy sources are developed, battery storage systems will become increasingly important. Other states are also working to improve their energy storage infrastructure.
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