The Maharashtra Electricity Regulatory Commission approved the Maharashtra State Electricity Distribution Company’s (MSEDCL) petition to procure 250 MW/500 MWh battery storage capacity with an additional 500 MW/1,000 MWh greenshoe capacity at a tariff of ₹219,001 (~$2,560)/MW/month for 12 years. The energy procured from these projects will contribute to MSEDCL’s energy storage obligation. MSEDCL has been directed to execute the battery energy storage purchase agreement with the successful bidder within 30 days.