Agartala: In a bid to promote a clean energy source for the transport sector, ONGC Tripura Power Company Limited (OTPC) and Assam Power Distribution Company Limited (APDCL) on Thursday signed an MoU for developing a 250 MW capacity battery energy storage system.
OTPC Managing Director, Sanil C Namboodiripad, and APDCL Managing Director Rakesh Kumar have signed the agreement on behalf of the companies in presence of Assam minister of Power, Cooperation, Mines and Minerals, Indigenous & Tribal Faith and Cultural Department, Nandita Gorlosa at Guwahati.
Namboodiripad said the proposed project would be an important milestone in fulfilling the vision of Assam to make the State a leader in green energy transition, as they have been implementing significant solar energy capacity and battery energy storage projects are key for the successful integration of upcoming solar power projects.
Highlighting the benefits of the project, Namboodiripad said that it will help the state in improving power availability during peak load hours, improve integration of renewable energy generation with the electricity grid, and enhance grid reliability.
An investment of Rs 2,000 Cr will be made for developing the project and during the operation stages of the project, significant direct and indirect employment opportunities will also be generated.
“OTPC, a reliable energy supplier for Assam since 2014, is keen to be a partner in its transition towards decarbonized energy mix. The energy storage project will bring in multiple avenues of employment, boost local businesses, improve utilization of green energy, carbon emission reduction and socio-economic development of Assam,” Namboodiripad attributed.
The OTPC owns and operates a 726 MW gas-based combined cycle power plant Palatana in the Gomati district of Tripura which caters to 25% of the energy demand across the northeast.
As a strategic and reliable energy partner, OTPC plans to play a vital role in the clean energy transition of the nation by setting up energy storage systems on a Pan India basis for better integration of green energy with the existing electric power system.