H.G. Infra Engineering secures Letter of Intent for 300 MW/600 MWh battery storage project in Gujarat

H.G. Infra Engineering Ltd has secured a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Ltd (GUVNL) for the development of a 300 MW/600 MWh standalone battery energy storage system in Gujarat.

May 30, 2025 Uma Gupta

Image: Goran Tek-en, Wikimedia Commons

H.G. Infra Engineering Ltd announced this week that it has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Ltd (GUVNL) for the development of a 300 MW/600 MWh standalone battery energy storage system (BESS) in Gujarat. The project was awarded under GUVNL’s Phase VI auction for 500 MW/1,000 MWh of BESS capacity through a tariff-based competitive bidding process.

The project has a completion timeline of 24 months. The tariff is set at INR 2,85,600 per megawatt, with a contract duration of 12 years. The total project cost is estimated to be around INR 670 crore, plus taxes. Commissioning is scheduled by October 27.

This latest development follows H.G. Infra Engineering’s earlier success in securing a Battery Energy Storage Purchase Agreement (BESPA) with GUVNL for a 250 MW/500 MWh BESS project, awarded under GUVNL’s Phase IV tender. That project is supported by the Viability Gap Funding (VGF) scheme.

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