The Kerala State Electricity Regulatory Commission (KSERC) has given its nod to the Kerala State Electricity Board Limited’s (KSEBL) plan to install a 125 MW/500 MWh battery energy storage system (BESS) across four substations in Kerala. The location, along with the respective capacities, are: Sreekantapuram (40 MW/160 MWh), Mulleria (15 MW/60 MWh), Areacode (30 MW/120 MWh), and Pothencode (40 MW/160 MWh).
Furthermore, the KSERC has approved tariffs that range from Rs 434,000 per MW per month to Rs 457,000 per MW per month. It also approved a trading margin of Rs 0.07 per kWh. The project will be executed through tariff-based competitive bidding, with viability gap funding (VGF). The VGF will be provided by a central public sector undertaking under the Ministry of Power.
Earlier this month, the KSERC approved a tariff of Rs 441,000 per MW per month for KSEBL’s 125 MW/ 500 MWh BESS project at the Mylatti substation in Kasargod.
