H.G. Infra Engineering Limited (HGINFRA), a leading infrastructure company, has recently been declared a qualified bidder by Gujarat Urja Vikas Nigam Ltd (GUVNL) for a significant energy project.
The project involves setting up 250 MW/500 MWh of standalone Battery Energy Storage Systems (BESS) as part of the 500 MW/1000 MWh capacity being developed in Gujarat under the Tariff-Based Global Competitive Bidding (Phase-IV), with Viability Gap Funding (VGF) support.
Key Contract Details:
- Awarding Entity: The order is awarded by Gujarat Urja Vikas Nigam Ltd.
- Significant terms and conditions of order: Setting up of Projects of 500 MW/1000 MWh Standalone Battery Energy Storage Systems in Gujarat under Tariff-Based Global Competitive Bidding (Phase-IV) with Viability Gap Funding Support.
- Timeline: The project must be completed within 18 months.
- Significance for H.G. Infra: With this win, H.G. Infra Engineering Limited expands its footprint in the renewable energy sector