ONGC Tripura Power Company Ltd (OTPC) has signed a pact to develop battery energy storage project in Assam at an investment of Rs 2,000 crore, the firm said in a statement.
The memorandum of understanding (MoU) was signed with Assam Power Distribution Company Limited (APDCL) at Guwahati “to develop battery energy storage system project of capacity up to 250 MW / 500 MWh in phased manner in Assam by incorporating a joint venture company,” it said.
“An investment of Rs 2,000 crore will be made in the state for developing the project,” the statement added without giving a time frame.
OTPC is a joint venture of Oil and Natural Gas Corporation (ONGC), gas utility GAIL (India) Ltd, Government of Tripura and India Infrastructure Fund-II.
