HG Infra Engineering Limited (HGINFRA) announced on January 4, 2025, the receipt of a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL). This prestigious project involves setting up a 250 MW/500 MWh Standalone Battery Energy Storage System in Gujarat under Phase-IV of the Tariff-Based Global Competitive Bidding initiative. The project benefits from Viability Gap Funding support.
The project involves the establishment of a 250 MW/500 MWh Battery Energy Storage System in Gujarat. This initiative is part of a larger 500 MW/1000 MWh energy storage program and aims to enhance the region’s renewable energy infrastructure. The completion timeline for this ambitious project is set at 18 months from its initiation, reflecting HG Infra’s commitment to timely and efficient execution.
Key Project Details:
- Scope: Setting up of 250 MW/500 MWh Battery Energy Storage Systems.
- Location: Gujarat.
- Project Size: Part of the larger 500 MW/1000 MWh energy storage initiative.
- Completion Timeline: 18 months from initiation.
The LOI follows an earlier announcement made by the company on November 30, 2024. This project reinforces HG Infra’s capabilities in delivering cutting-edge infrastructure in the renewable energy sector.
