Deals4 Jan 2025, 03:48 pm
H.G. Infra Engineering Ltd Receives LOI from Gujarat Urja Vikas Nigam Ltd for 250 MW/500 MWH Standalone Battery Energy Storage Systems Project
AI Summary
H.G. Infra Engineering Limited (HGINFRA) has announced the receipt of a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Ltd for a 250 MW/500 MWH Standalone Battery Energy Storage Systems project in Gujarat. The project, which is part of Tariff-Based Global Competitive Bidding (Phase-IV) with Viability Gap Funding Support, has a project completion period of 18 months.
Key Highlights
- HGINFRA received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Ltd for a 250 MW/500 MWH Standalone Battery Energy Storage Systems project.
- The project is part of Tariff-Based Global Competitive Bidding (Phase-IV) with Viability Gap Funding Support.
- The project completion period is 18 months.
- The project is for setting up of 500 MW/1000 MWh Standalone Battery Energy Storage Systems in Gujarat.
- This announcement follows HGINFRA's earlier announcement dated November 30, 2024.