Gujarat Urja Vikas Nigam Ltd’s Phase-IV standalone battery energy storage (BESS) tender for 500 MW/1,000 MWh with viability gap funding (VGF) has discovered the lowest price of INR 2.26 lakh/MW/month. This is 4.6% less than INR 2.37 lakh/MW/month discovered in NTPC Vidyut Vyapar Nigam’s standalone BESS tender for 500 MW/ 1000 MWh with VGF support in October this year.
Winners include HG Infra Engineering (250 MW), Bhilwara Energy (100 MW), Kintech Synergy (100 MW), and Advait Infratech (50 MW).
GUVNL will enter into a battery energy storage purchase agreement (BESPA) with the successful bidders.
BESS developers selected by GUVNL will set up the BESS on a build-own-operate (BOO) basis to offer facility to GUVNL to charge and discharge the BESS on an “on demand” basis.
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