PNC Infratech Limited has been declared the lowest bidder (L1) by NHPC Limited for setting up a 300 MW Inter-State Transmission System (ISTS) connected solar power project with a 150MW/600MWh Energy Storage System (ESS). The project was secured through a tariff-based competitive bidding process at a quoted price of ₹3.13/kWh.
| Particulars | Details |
|---|---|
| Name of the Entity Awarding the Order/Contract | NHPC Limited |
| Nature of Order | Setting up of 300 MW ISTS Connected Solar Power Project with 150MW/600MWh Energy Storage Systems (ESS) |
| Order Type | Domestic |
| Scheduled Commencement of Supply Date (SCSD) | 24 months from the Effective Date of PPA |
| PPA Operation Period | 25 years from the SCSD |
| Quoted Price | ₹3.13/kWh |
The project involves setting up a 300 MW ISTS-connected solar power project along with a 150MW/600MWh ESS. This project was part of a larger tender floated by NHPC for 1200 MW ISTS solar power projects with 600MW/2400MWh ESS on an anywhere-in-India basis. PNC Infratech secured this project through a tariff-based competitive bidding (TBCB) process, utilizing an electronic (online) reverse auction mechanism held on July 15, 2025. Project Timeline
The Scheduled Commencement of Supply Date (SCSD) is set for 24 months from the effective date of the Power Purchase Agreement (PPA). The PPA will have an operational period of 25 years from the SCSD, ensuring a long-term revenue stream for PNC Infratech. Additional Information
PNC Infratech has confirmed that neither the promoter, promoter group, nor group companies have any interest in NHPC Limited. The order does not fall within related party transactions and is being conducted at arm's length. Insider Trading Regulations
In compliance with the company's code of conduct for the prohibition of insider trading and SEBI regulations, the trading window for dealing in the company's securities by designated employees, immediate relatives, specified persons, and connected persons is closed. This closure will remain in effect until 48 hours after the declaration of the financial results for the quarter ended June 30, 2025.
