GUVNL invites bids for battery energy storage systems

05 Dec 2023 CW Team

Gujarat Urja Vikas Nigam (GUVNL) has invited bids to set up pilot projects of 250 MW/500 MWh standalone battery energy storage systems (BESS) in Gujarat under tariff-based global competitive bidding (Phase-II).

The last day to submit the bids is January 6, 2023. Bids will be opened on January 10. Bidders must submit a bid processing fee of Rs 1.5 million ($17,993) and an earnest money deposit of Rs 740,000 ($8876)/ MW.

Selected bidders must furnish Rs 50,000 ($6,000)/ MW as a performance bank guarantee before signing the battery energy storage purchase agreement (BESPA).

The projects will be developed under a build, own, and operate model. GUVNL seeks to utilize energy storage systems on an on-demand basis, suited to the requirements of the state distribution companies during peak and off-peak hours.

The project must be completed within 18 months from the effective date of BESPA. The minimum bid size must be 140 MWh (70 MW x 2 hours)

Real Estate

07 May 2026

Knight Frank–NAREDCO Index Signals Cautious Real Estate Outlook

India’s real estate sector entered a phase of cautious recalibration in Q1 2026, with the Knight Frank–NAREDCO Real Estate Sentiment Index reflecting moderation in stakeholder confidence amid rising global uncertainties.The Current Sentiment Score declined sharply to 49 in Q1 2026 from 60 in Q4 2025, slipping into pessimistic territory, while the Future Sentiment Score moderated to a neutral 50 from 61 in the previous quarter. According to the report, higher crude oil prices, inflationary pressures, tighter financial conditions and geopolitical uncertainties weighed on sentiment across the..

Sattva Group Launches Rs 55 Billion Mumbai Redevelopment Project

Sattva Group has launched its first residential project in Mumbai, Sattva Sumera, in Parel with a gross development value (GDV) of around Rs 55 billion. The project marks the company’s entry into Mumbai’s redevelopment-led residential market.Spread across a two-acre land parcel, the development will comprise twin high-rise towers with a total development potential of over 2 million sq ft. The first tower will house around 500 residences, including two- and three-bedroom apartments with Jodi configurations. Unit sizes range between 760 sq ft and 1,400 sq ft.Located in Parel, the project is ..

Godrej Enterprises Strengthens India’s Aero Engine Capabilities

Godrej Enterprises Group is strengthening India’s aero engine and aerospace manufacturing capabilities through precision engineering, advanced manufacturing and partnerships with global aerospace OEMs.The company said its aerospace business has recorded nearly 25 per cent year-on-year growth, while exports have risen by over 30 per cent, supported by partnerships with Boeing, Safran Aircraft Engines, GE Aerospace, Rolls Royce and RTX. Godrej stated that it remains the only private company in India with the capability to manufacture all modules of an aero engine.The company plans to invest ar..