Power Packed: Oriana Secures ₹4.65 Billion Battery Storage Deal to Energize India’s Grid

Oriana Power Ltd has clinched a major milestone in India’s clean energy transition by receiving a Letter of Award (LoA) for a 125 MW/250 MWh battery energy storage system (BESS) project. The order, valued at approximately ₹4.65 billion, marks one of the company’s largest standalone energy storage wins to date and positions Oriana as a key player in India’s grid modernization efforts.

 

Project Scope and Strategic Significance

The awarded project is part of Rajasthan Rajya Vidyut Utpadan Nigam Ltd’s (RVUNL) 500 MW/1,000 MWh standalone BESS tender. Oriana Power will be responsible for designing, engineering, supplying, installing, and commissioning the 125 MW/250 MWh system, which will support grid balancing, renewable integration, and peak load management.

 

Key highlights of the project include:

Technology and Funding Structure

The BESS will utilize advanced lithiumion battery technology with modular scalability and remote monitoring capabilities. The project is eligible for viability gap funding (VGF) of up to ₹2.7 million per MWh or 30% of capital cost, disbursed in five tranches. Oriana will also bear the cost of interconnection infrastructure, including transmission lines and maintenance.

 

Market Impact and Future Outlook

This win reinforces Oriana’s growing presence in India’s energy storage sector, following earlier successes in Telangana and the Middle East. With battery storage emerging as a critical enabler for renewable energy integration, Oriana is expected to play a pivotal role in supporting India’s 500 GWh storage target by 2030.

 

Sources: Mercom India, Renewable Watch, Oriana Power Corporate Filings, Energy Storage News