Deals28 May 2025, 06:27 pm
H.G. Infra Engineering Ltd Receives LOI from Gujarat Urja Vikas Nigam Ltd for 300 MW Standalone Battery Energy Storage Systems
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 the setup of 300 MW/600 MWh Standalone Battery Energy Storage Systems in Gujarat. This project is part of a larger 500 MW/1000 MWh project, which was bid under Tariff-Based Competitive Bidding (Phase-VI). The completion period for this project is 24 months.
Key Highlights
- HGINFRA receives LOI for 300 MW/600 MWh Standalone Battery Energy Storage Systems from Gujarat Urja Vikas Nigam Ltd.
- The project is part of a larger 500 MW/1000 MWh project under Tariff-Based Competitive Bidding (Phase-VI).
- The completion period for the project is 24 months.
- This development marks HGINFRA's entry into the Standalone Battery Energy Storage Systems sector.
- The project is set to boost the renewable energy storage capacity in Gujarat.