Contract Details
Advait BESS Bhesaan Private Limited, a subsidiary of Advait Energy Transitions Limited, executed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) on June 1, 2026.
The agreement is for development of a Standalone Battery Energy Storage System Project with aggregate capacity of 150 MW/300 MWh.
Project Specifications
The project will be developed, owned, and operated by Advait BESS Bhesaan Private Limited in the vicinity of 220kV Bhesan AIS S/S (150 MW/300 MWh) substation of GETCO in the State of Gujarat. The contracted battery energy storage capacity will be made available to GUVNL on a long-term basis.
Bidding Process
The BESPA was executed pursuant to tariff-based competitive bidding process conducted by GUVNL under Phase-VIII, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).
Additional SEBI Circular Compliance Details
| Particular | Detail |
| Entity awarding contract | Gujarat Urja Vikas Nigam Limited (GUVNL) |
| Significant terms | Battery Energy Storage Purchase Agreement for Development of 150 MW/300 MWh Standalone BESS Project under GUVNL Phase-VIII tender |
| Awarding entity type | Domestic Entity |
| Nature of contract | Battery Energy Storage Purchase Agreement (BESPA) |
| Contract scope | Domestic |
| Execution timeframe | 12 years from the effective date of signing of the BESPA |
| Contract size | 150 MW/300 MWh Standalone Battery Energy Storage Purchase Agreement |
| Promoter/group interest in awarding entity | No |
| Related party transaction | No |