Gensol Engineering Limited has emerged as the lowest bidder for a partial capacity of 70 MW/140 MWh for a 250 MW/500 MWh battery energy storage system (BESS).
The project will be developed by Gensol under a tariff-based global competitive bidding model to provide energy storage capacity to Gujarat Urja Vikas Nigam Limited (GUVNL) in Gujarat on-demand basis. The project once commissioned will provide electricity on an on-demand basis to Gujarat state’s discoms during the peak and off-peak hours. The project will deliver 70 MW/140 MWh energy for two charge/discharge cycles a day. The project will contribute Rs 4.50 billion to Gensol’s revenue over the period of contract.