HG Infra, Bhilwara Energy, Kintech Synergy and Advait Infratech Win GUVNL’s 500 MW/1000 MWh BESS Auction
HG Infra Engineering, Bhilwara Energy, Kintech Synergy, and Advait Infratech have secured contracts in GUVNL’s 500 MW/1000 MWh BESS auction, which achieved an L1 tariff of INR 2.259 lakh per MW per month.
November 30, 2024. By Mrinmoy Dey
HG Infra Engineering Ltd. and Kintech Synergy Pvt. Ltd. quoted a tariff of INR 2.259 lakh per MW per month and have won 250 MW and 100 MW, respectively. Bhilwara Energy Ltd. won 100 MW at the same tariff. Advait Infratech Ltd. has won 50 MW at a tariff of INR 2.26 lakh per MW per month.
The introduction of Viability Gap Funding (VGF) has been instrumental in reducing tariffs for these projects. Implemented under the Build-Own-Operate (BOO) model, developers were chosen through global competitive bidding based on tariffs.
The tender for this was issued in August 2024.
Originally, the tender was issued for 400 MW/800 MWh with a greenshoe option for an additional 400 MW/800 MWh. It was later amended to expand the total capacity to 500 MW/1000 MWh, supported by VGF.
please contact: contact@energetica-india.net.
Aman Mehtani
Founder & Group CEO
ADM Group Offers Smart, Sustainable Solutions for Global Automotive Industry
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix