NHPC Awards 1.2 GW Solar-Plus-Storage Projects to Reliance, SAEL, JBM, PNC, and Navayuga – EQ
In Short : Reliance, SAEL, JBM, PNC, and Navayuga have won NHPC’s 1.2 GW solar-plus-storage auction (Tranche-XI) at a tariff of ₹3.13/kWh. The projects include 600 MW of solar with 2,400 MWh of storage. Reliance won 390 MW, PNC and SAEL 300 MW each, JBM 150 MW, and Navayuga 60 MW, marking a major step in India’s hybrid renewable push.
In Detail : Reliance Infrastructure, SAEL Industries, JBM Renewables, PNC Infratech, and Navayuga Engineering have emerged as winners in NHPC’s latest solar-plus-storage auction. The auction was for 1.2 GW of Interstate Transmission System (ISTS)-connected projects with an integrated energy storage component. This marks a major development in India’s push toward hybrid renewable energy infrastructure.
The auction was conducted under NHPC’s Tranche-XI and witnessed highly competitive bidding. The finalized tariff for all the awarded projects stood at ₹3.13 per kWh, indicating a strong market response and growing investor confidence in hybrid energy solutions. This tariff includes both solar power and storage services.
Reliance Infrastructure secured the largest share in the auction, winning a capacity of 390 MW. The company has been steadily expanding its renewable portfolio, and this win further strengthens its position in the hybrid power segment.
PNC Infratech and SAEL Industries each secured 300 MW, highlighting their growing presence in India’s clean energy sector. Both companies are expected to develop integrated solar projects with storage systems that can deliver dispatchable power and improve grid reliability.
JBM Renewables, part of the JBM Group, was awarded 150 MW. JBM has been active in multiple renewable verticals, and this project will likely support its broader vision of sustainable energy development across India.
Navayuga Engineering, which won 60 MW, will also play a role in delivering clean and reliable power as part of this auction. Though its capacity share is smaller, it represents the diversification of participants contributing to India’s renewable expansion.
The auction mandates include 600 MW of solar power generation capacity paired with 2,400 MWh of energy storage. This configuration ensures four-hour daily storage capability, enabling consistent energy delivery even when sunlight is unavailable, especially during evening peak hours.
This large-scale hybrid tender by NHPC is a significant step toward integrating renewables into the mainstream grid. It not only supports India’s renewable targets but also addresses intermittency issues, helping ensure a stable and clean power supply across the country.
