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Infrastructure investment trust (InvIT) IndiGrid has won a 180 MW/360 MW battery energy storage system (BESS) project in Gujarat. The letter of intent (LoI) for the project has been awarded by Gujarat Urja Vikas Nigam (GUVNL).
The contract includes testing, installation, commissioning, operation and maintenance of the project. It will be grid-connected and collocated in the Gujarat Energy Transmission Corporation (GETCO) sub-station.
IndiGrid emerged as the second lowest bidder in the reverse auction process conducted by GUVNL, by quoting a fixed tariff of Rs 4,49,996 per MW per month. The project was awarded through tariff-based competitive bidding (TBCB) mechanism and will be developed on a build, own, and operate (BOO) basis for 12 years.
IndiGrid owns 36 power projects, consisting of 46 transmission lines with more than 8,468 circuit km length, and 13 substations. |
