Advait Energy Transitions Ltd received a Letter of Intent from GUVNL for a 150MW/300MWh Standalone Battery Energy Storage System project in Gujarat.
The order is under Tariff-Based competitive bidding Phase-VIII with Viability Gap Funding via PSDF followed by E-RA mechanism.
Contract consideration is Rs 2,10,000 per MW per month inclusive of taxes, to be executed within 18 months of signing the BESA.