Business Update20 Jun 2024, 12:38 am
Gensol Engineering Ltd Secures 250 MW Additional Allotment from GUVNL, Total BESS Order Book Over INR 3100 Crore
AI Summary
Gensol Engineering Ltd has been allotted an additional 250 MW (500 MWh) for GUVNL’s Battery Energy Storage System (BESS) project, taking its total BESS order book to over INR 3100 Crore. The project, once commissioned, will generate a total revenue of INR 2685 Crore over the 12-year Battery Energy Storage Purchase Agreement (BESPA) tenure. The company is committed to supporting India's energy transition goals through innovative and sustainable solutions.
Key Highlights
- Gensol Engineering Ltd secures an additional 250 MW (500 MWh) allotment from GUVNL for Battery Energy Storage System (BESS) project.
- The total BESS order book of Gensol Engineering Ltd now exceeds INR 3100 Crore.
- The project will generate a total revenue of INR 2685 Crore over the 12-year Battery Energy Storage Purchase Agreement (BESPA) tenure.
- The project will supply electricity on an ‘On-Demand’ basis to Gujarat State's DISCOMs during peak and off-peak hours.
- Gensol Engineering Ltd is committed to supporting India's energy transition goals through innovative and sustainable solutions.