ONGC Tripura Power Company Limited (OTPC) and Assam Power Distribution Company Limited (APDCL) have entered into a memorandum of understanding (MoU) to develop a battery energy storage system (BESS) project with a capacity of up to 250MW/500MWh in Assam.

The parties plan to develop the BESS project in Assam in a phased manner by establishing a joint venture and investing INR 2,000 crores.

During the construction and operation phases of the BESS project, substantial direct and indirect jobs will also be created, said Oil and Natural Gas Corporation (ONGC), the parent company of OTPC.

Sanil C. Namboodiripad OTPC Managing Director said: “OTPC, a reliable energy supplier for Assam since 2014, is keen to be the partner of Assam 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 overall socio-economic development in Assam.”

  Assam, Assam Power Distribution Company, India, Oil and Natural Gas Corporation, ONGC, ONGC Tripura Power Company