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

06 Dec 2024 CW Team

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.

Infrastructure Energy

09 Jan 2026

Green Power International Wins 384 TKM Rail Electrification Deal

Green Power International has secured a 384 track kilometre (TKM) overhead electrification contract from South-Eastern Railway for the Adra Division, further strengthening its presence in India’s railway electrification segment. The project involves upgrading the existing electric traction system from 1x25 kV to 2x25 kV on key routes within the division.Under the contract, Green Power International will undertake the design, supply, erection, testing and commissioning of the upgraded traction system for the Asansol–Adra–Bhojudih–Dhanbad section. The scope of work will be executed in ac..

Teknovace, Remmers Forge Rs 3 Bn Deal for Global Coatings Hub

Teknovace has entered into a strategic global partnership with Germany-based Remmers Gruppe SE to build a large-scale, export-oriented wood coatings manufacturing platform in India. As part of the alliance, Remmers will make a strategic equity investment of Rs 3 billion to acquire a 50.01 per cent stake in Teknovace in two tranches, marking one of the largest foreign strategic investments in India’s wood coatings sector.The partnership comes at a time when India’s wood coatings market, valued at around $1.3 billion (Rs 100 billion), is growing at an estimated 11% annually, driven by demand..

Jyoti Structures Commissions Galvanisation at Second Nashik Unit

Jyoti Structures has commissioned galvanisation operations at its second tower manufacturing unit in Nashik, strengthening its in-house capabilities across critical stages of power transmission infrastructure production. The listed Engineering, Procurement and Construction (EPC) company operates globally and has delivered projects for customers across more than 50 countries.The second Nashik unit, with an annual manufacturing capacity of 36,000 metric tonnes, has become operational following the completion of installation, testing and readiness of the new galvanising facilities. With this deve..