Gensol Engineering luggage ₹1,340 crore BESS challenge from Gujarat Urja Vikas Nigam

Gensol Engineering Ltd has emerged as a profitable bidder for 250 MW/500 MWh standalone Battery Power Storage Programs (BESS) challenge from Gujarat Urja Vikas Nigam Restricted (GUVNL) value ₹1,340 crore.

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The challenge will provide electrical energy on an “On-Demand” foundation to Gujarat State’s DISCOMs throughout peak and off-peak hours, thereby extending renewable power availability past photo voltaic hours, fulfilling Power Storage Buy Obligations, and enhancing grid resilience. The challenge will ship 250 MW/500 MWh power for 2 cost/discharge cycles per day. There’s a greenshoe possibility of awarding second tranche of 250 MW/500 MWh on the discretion of GUVNL on the identical phrases and circumstances; in case of train of greenshoe possibility the challenge might attain 500 MW / 1000 MWh, probably producing a complete income of roughly ₹2,680 Crore over the 12-year Battery Power Storage Buy Settlement (BESPA) tenure, said an official launch right here.

Expressing his optimism about the way forward for BESS in India and Gensol’s pivotal position in propelling the expansion of this sector, Anmol Singh Jaggi, Managing Director, Gensol Engineering Restricted mentioned, “It’s a proud second for Gensol. This landmark for the GUVNL BESS challenge not solely highlights Gensol’s experience and reliability within the renewable power sector but in addition units a transparent route for our future endeavors. It aligns with Gensol’s dedication to supporting India’s power transition targets by revolutionary and sustainable options. The BESS market in India is poised for exponential progress, and Gensol is on the forefront, prepared to steer this transformation. Securing this challenge allows us to make a major affect on the Indian power market whereas solidifying our place as a number one business participant within the renewable power panorama, propelling the way forward for BESS in India.”

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Battery power storage is more and more deployed worldwide for renewable power integration and managing grid uncertainties. As a part of this challenge, Gensol will present state-of-the-art power storage options mixed with superior power administration programs, guaranteeing compliance with rigorous availability and effectivity requirements. This challenge underscores the corporate’s capability to ship dependable and energy-efficient storage options that meet the rising world demand. Being one of many first main initiatives of standalone BESS within the nation, the potential for BESS is ready to expertise substantial progress, fueled by sturdy coverage backing from the Authorities, said the discharge.