IndiGrid Wins Bid to Develop 180 MW Battery Energy Storage System in Gujarat
The 180 MW BESS project, awarded through a TBCB mechanism, will be developed on a build, own, and operate (BOO) basis for a period of 12 years.
March 15, 2024. By Abha Rustagi
This project forms part of a larger initiative by GUVNL to enhance the state's energy storage capacities and facilitate the provision of renewable energy during both peak and off-peak hours.
The 180 MW BESS project, awarded through a tariff-based competitive bidding (TBCB) mechanism, will be developed on a build, own, and operate (BOO) basis for a period of 12 years, with the possibility of further extension on a mutually agreeable basis.
IndiGrid emerged as the second lowest bidder in the reverse auction process conducted by GUVNL, securing the project by quoting a fixed tariff of INR 449,996 per MW per month, equivalent to an annual tariff of over INR 97 crore.
Harsh Shah, Chief Executive Officer, and Whole Time Director of IndiGrid, expressed his satisfaction with the win, stating, “In India’s journey to achieve 500 GW of renewable capacity by 2030, Battery Energy Storage Systems are emerging as a need of the hour to counter the intermittent nature of renewable sources." He further highlighted IndiGrid's commitment to developing and managing BESS projects, citing previous investments and pilot projects undertaken by the company.
This victory marks the second BESS win for IndiGrid in the last 6 months, signaling the company's growing expertise and capability in the renewable energy storage sector. Shah emphasized IndiGrid's positioning to capitalize on the anticipated growth in the BESS landscape in India, affirming the company's readiness to contribute to India's renewable energy goals.
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