Kintech, H.G Infra, Bhilwara, and Advait Win GUVNL's BESS Auction
POWER & RENEWABLE ENERGY

Kintech, H.G Infra, Bhilwara, and Advait Win GUVNL's BESS Auction

Kintech Synergy, H.G Infra Engineering, Bhilwara Energy (LNJ Bhilwara Group), and Advait Infratech emerged victorious in Gujarat Urja Vikas Nigam Limited’s (GUVNL) Phase IV standalone Battery Energy Storage Systems (BESS) auction.

This project was awarded following the introduction of Viability Gap Funding (VGF) support and an increase in capacity to 500 MW/1000 MWh from the initial 400 MW/800 MWh tender issued in October 2024.

H.G Infra Engineering secured 250 MW with a quoted tariff of Rs 225,985 ($2670.59) per MW per month. Kintech Synergy and Bhilwara Energy each secured 100 MW at tariffs of Rs 225,985 ($2670.59) and Rs 225,993 ($2670.68) per MW per month, respectively. Advait Infratech won 50 MW at a tariff of Rs 226,000 ($2670.76) per MW per month.

Under the revised tender, VGF is capped at Rs 2.7 million ($32,114) per MWh, or 30% of the project's capital cost, whichever is lower. Developers are required to submit a certificate verifying the capital cost within six months of the project's Commercial Operation Date (COD).

VGF disbursements will be made in five tranches: 10% at financial closure, 45% at COD, and the remaining 45% over the next three years, subject to certification by the Central Electricity Authority.

Kintech Synergy, H.G Infra Engineering, Bhilwara Energy (LNJ Bhilwara Group), and Advait Infratech emerged victorious in Gujarat Urja Vikas Nigam Limited’s (GUVNL) Phase IV standalone Battery Energy Storage Systems (BESS) auction. This project was awarded following the introduction of Viability Gap Funding (VGF) support and an increase in capacity to 500 MW/1000 MWh from the initial 400 MW/800 MWh tender issued in October 2024. H.G Infra Engineering secured 250 MW with a quoted tariff of Rs 225,985 ($2670.59) per MW per month. Kintech Synergy and Bhilwara Energy each secured 100 MW at tariffs of Rs 225,985 ($2670.59) and Rs 225,993 ($2670.68) per MW per month, respectively. Advait Infratech won 50 MW at a tariff of Rs 226,000 ($2670.76) per MW per month. Under the revised tender, VGF is capped at Rs 2.7 million ($32,114) per MWh, or 30% of the project's capital cost, whichever is lower. Developers are required to submit a certificate verifying the capital cost within six months of the project's Commercial Operation Date (COD). VGF disbursements will be made in five tranches: 10% at financial closure, 45% at COD, and the remaining 45% over the next three years, subject to certification by the Central Electricity Authority.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code