IndiGrid Commissions Rajasthan Battery Energy Storage Project

Revenue target exceeds INR 71 crore annually; 250 MW/500 MWh BESS project capacity.

Reader Takeaway: New revenue stream activated via BESS commissioning; simplified ownership structure expected following partner buyouts.

What just happened

IndiGrid Infrastructure Trust has officially achieved the Commercial Operation Date (COD) for its standalone Battery Energy Storage System (BESS) located in Rajasthan. The project, executed under the SPV Rajasthan BESS Private Limited (RBPL), is now fully operational with a capacity of 250 MW / 500 MWh. The facility operates under a Build-Own-Operate (BOO) model spanning a 12-year concession period.

Why this matters

The commissioning of this asset marks a significant addition to IndiGrid’s infrastructure portfolio, diversifying its energy storage capabilities. The trust estimates that this single project will contribute over INR 71 crore in annual revenue, providing a stable, long-term cash flow stream consistent with the investment objectives of an Infrastructure Investment Trust (InvIT).

Ownership Consolidation

RBPL was initially developed through a partnership with British International Investment (BII) and KNI India AS (a joint vehicle of Norfund and KLP). With the project now operational, IndiGrid intends to acquire the minority stakes held by these partners. This buyout, which aligns with existing Share Purchase Agreements and InvIT regulations, will consolidate 100% control of the asset within the trust.

What to track next

Investors should look for the formal disclosure regarding the completion of the buyout transaction. Once finalized, this will eliminate minority leakage and simplify the asset's reporting structure for unitholders.