Deals Counterparts

Uttar Pradesh Power Corp. Ltd awards 1,500 MWh standalone BESS contracts to KCC Buildcon, Agastya Energy Industries, and MKC Infrastructure at INR 6.45-6.46/kWh

Ppa Storage announced India May 4, 2026
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375 MW
Capacity

Uttar Pradesh Power Corp. Ltd (UPPCL) awarded 1,500 MWh (375 MW × 4 hours) of standalone battery energy storage system (BESS) capacity to three developers—KCC Buildcon (187.5 MW), Agastya Energy Industries (62.5 MW), and MKC Infrastructure (125 MW)—at a tariff of INR 6.45-6.46/kWh through a reverse auction. The 15-year contracts require developers to supply stored power on demand, with each BESS supporting one full charge-discharge cycle per day. UPPCL will handle discharging operations, while developers must independently arrange charging power, primarily from renewable energy sources. The projects are eligible for central financial assistance under the Power System Development Fund (PSDF) via viability gap funding (VGF). Developers are responsible for land identification and project setup anywhere in Uttar Pradesh, with no specified location constraints.

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Counterparts (4)

Developer
KCC Buildcon
company · 1 deals
Indian construction company specializing in roads, highways, runways, and structures, with over two decades of experience executing large-scale infrastructure projects across multiple Indian states.
M
MKC Infrastructure
company · 1 deals
Indian civil engineering and construction company specializing in roads, highways, bridges, railways, and building projects with over 60 years of operations and a strong presence in Gujarat.
Agastya Energy Industries
company · 1 deals
Noida-based solar energy manufacturer and EPC developer focused on utility-scale and commercial solar projects in India, with 175 MW of commissioned or awarded capacity across Uttar Pradesh and Gujarat.
Offtaker
U
Uttar Pradesh Power Corp. Ltd
company · 1 deals

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Timeline

Announced
May 4, 2026
Signed
Closed

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