Promonique
Promonique
TCI
TCI
EPR Subscription Banner
EPR Subscription Banner
Home » News » IndiGrid secures 180MW battery storage project in Gujarat

IndiGrid secures 180MW battery storage project in Gujarat

By EPR Magazine Editorial March 15, 2024 1:53 pm

IndiGrid secures 180MW battery storage project in Gujarat
.

This project is part of a larger 250 MW / 500 MWh BESS envisioned by GUVNL.

IndiGrid (BSE: 540565 | NSE: INDIGRID), India’s first and largest listed power sector infrastructure investment trust (InvIT), announced today that it has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) to Design, Supply, Test, Install, Commission, Operate, and Maintain a 180 MW / 360 MWh Battery Energy Storage System (BESS) in Gujarat.

This project is part of a larger 250 MW / 500 MWh BESS envisioned by GUVNL to enhance the overall energy storage capacities of the state and supply renewable energy during both peak and off-peak hours. According to the Ministry of Power circular 23/26/2021 – R&R dated 29th January 2022, Energy Storage Systems (ESS) will be granted status based on their application and location. Given that this project will be grid-connected and co located in the GETCO sub-station, it will be classified as part of the transmission system.

IndiGrid emerged as the second lowest bidder in the reverse auction process conducted by GUVNL, securing 180 MW / 360 MWh by quoting a fixed tariff of INR 449,996 per MW per month, equivalent to an annual tariff of over INR 97 crore. The project is awarded through a tariff-based competitive bidding (TBCB) mechanism and will be developed on a build, own, and operate (“BOO”) basis for a 12-year period. Further extension of the project is possible on a mutually agreeable basis.

Advertising

EPR Android App Banner

Commenting on the win, Harsh Shah, Chief Executive Officer, and Whole Time Director of IndiGrid, said, “In India’s journey to achieve 500 GW of renewable capacity by 2030, Battery Energy Storage Systems are emerging as a need of the hour to counter the intermittent nature of renewable sources.

Over the last year, IndiGrid has made investments to strengthen its expertise in developing and managing BESS projects by undertaking pilot projects at our own sites. This is the second BESS win for us in the last 6 months – a great achievement for our entire team and a testament of our capability.

We believe that the BESS landscape in India is slated to witness accelerated growth going forward and IndiGrid is positioned well to participate in this upswing.”

 

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Android App
Android App
EPR EMagazine November 2024
eMagazine November 2024
eMagazine November 2024

Events

Global Sustainability Expo & Conference
Global Sustainability Expo & Conference
Elecxpo
Elecxpo
India Smart Utility Week
India Smart Utility Week
RenewX
RenewX

Our Sponsors

CPRI
CPRI
Wika
Wika
Mahindra Powerol
Mahindra Powerol
NangalaWala
NangalaWala
Ramelex
Ramelex
Ambionics India
Ambionics India
Vasundhara Earthing
Vasundhara Earthing
Voltaredox
Voltaredox
Jayashree
Jayashree
Rayzon Solar Pvt Ltd
Rayzon Solar Pvt Ltd
Om Technical Solutions
Om Technical Solutions
Akansha
Akansha
NBC Bearings
NBC Bearings
Harting
Harting
Doble Engineering
Doble Engineering
Kusam Meco
Kusam Meco
Nirmal
Nirmal
Apar Industries
Apar Industries
Aramco Asia
Aramco Asia
Fluke
Fluke
Emka India Panel Accessories
Emka India Panel Accessories
KEI Industries Limited
KEI Industries Limited
Meco Instruments Pvt Ltd
Meco Instruments Pvt Ltd
Godrej Boyce
Godrej Boyce
Icon Solar-En Power
Icon Solar-En Power
ZIEHL ABEGG
ZIEHL ABEGG
Novasys
Novasys
Ramanuj Industries
Ramanuj Industries
Testo India
Testo India
Paras Wires
Paras Wires
Dirak India
Dirak India
Fronius India
Fronius India
Gloster Cables Limited
Gloster Cables Limited
K-Lite Industries
K-Lite Industries
Newtech Switchgear
Newtech Switchgear
Rectifiers & Electronics
Rectifiers & Electronics
Elev8 Lift
Elev8 Lift
Power trac Group
Power trac Group
flir system
flir system
Omicron
Omicron
Dhash
Dhash
CAT
CAT
Electrical Research Development Association
Electrical Research Development Association
Schneider Electric
Schneider Electric
Triveni Turbine ltd
Triveni Turbine ltd
Kirloskar Pumps
Kirloskar Pumps
Polycab
Polycab
Electrotherment
Electrotherment
Aeron Composite Pvt Ltd
Aeron Composite Pvt Ltd
Powerica LTD
Powerica LTD