The Madhya Pradesh Power Management Company Limited (MPPMCL), on behalf of Madhya Pradesh distribution companies and Uttar Pradesh Power Corporation Limited (UPPCL), has issued a tender to procure 500 MW of energy storage capacity from pumped storage projects (PSPs). The capacity will be procured from PSPs that are connected to the interstate transmission system.
According to the tender guidelines, the scope of work is to provide energy storage from PSPs on a demand-based basis for 40 years, on a build, own, and operate model. It also includes covering the maintenance of the transmission system up to the delivery point. Additionally, the scope also entails bearing all costs related to transmission, development, and operation until the interconnection point. Furthermore, according to the tender guidelines, the bidders are required to furnish an earnest money deposit of Rs 1.2 million per MW. They are also required to submit a performance bank guarantee of Rs 3 million per MW. Moreover, the bids can be submitted by October 27, 2025.
Furthermore, discharge of up to 6 hours must be provided by the PSPs, with a maximum of four hours of continuous discharge. The projects are required to begin supplying power within 72 months of inking the pumped storage project agreement (PSPA). The supply of the full contracted capacity must start no later than 10 years from the date of inking the PSPA.
