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					</table><p><a href="https://www.kintechsynergy.com/" target="_blank" rel="noopener">Kintech Synergy</a>, <a href="https://www.hginfra.com/" target="_blank" rel="noopener">H.G Infra Engineering</a>, Bhilwara Energy (<a href="https://www.lnjbhilwara.com/" target="_blank" rel="noopener">LNJ Bhilwara Group</a>) and <a href="https://advaitgroup.co.in/" target="_blank" rel="noopener">Advait Infratech</a> have won Gujarat Urja Vikas Nigam’s (<a href="https://www.guvnl.com/" target="_blank" rel="noopener">GUVNL</a>) Phase IV standalone Battery Energy Storage Systems (BESS) auction.</p>
<p>The project was awarded following the introduction of Viability Gap Funding (VGF) support and an increase in capacity to 500 MW/1000 MWh.</p>
<p>The initial tender was <a href="https://www.mercomindia.com/gujarat-invites-bids-for-400-mw-800-mwh-standalone-bess/" target="_blank" rel="noopener">issued</a> for 400 MW/800 MWh with a greenshoe option of 400 MW/800 MWh. It was <a href="https://mercomindia.com/guvnl-battery-storage-tender-vgf/" target="_blank" rel="noopener">amended</a> in October 2024.</p>
<p>H.G Infra Engineering secured 250 MW with a quoted tariff of ₹225,985 (~$2670.59)/ MW per month</p>
<p>Kintech Synergy and Bhilwara Energy secured 100 MW each at a tariff of ₹225,985 (~$2670.59)/ MW per month and ₹225,993 (~$2670.68)/ MW per month respectively.</p>
<p>Advait Infratech secured 50 MW at a tariff of ₹226,000 (~$2670.76)/ MW per month.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-73242 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/TABLE.png" alt="" width="795" height="301" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/TABLE.png 795w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/TABLE-300x114.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/TABLE-768x291.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/TABLE-650x246.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/TABLE-624x236.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/TABLE-600x227.png 600w" sizes="(max-width: 795px) 100vw, 795px" /></p>
<p>&nbsp;</p>
<p>Under the revised tender, VGF is capped at ₹2.7 million (~$32,114)/MWh or 30% of the project’s capital cost, whichever is lower. Developers must submit a statutory auditor-certified certificate verifying the capital cost for the allocated project capacity within six months of the Commercial Operation Date (COD).</p>
<p>The VGF will be granted under the state component and allocated separately for each project based on the capacity outlined in the Battery Energy Storage Project Agreement (BESPA).</p>
<p>Disbursements will be milestone-based, divided into five tranches:</p>
<ul>
<li>10% at financial closure, upon submission of a bank guarantee</li>
<li>45% at COD</li>
<li>15% at the end of the first year after COD</li>
<li>15% at the end of the second year</li>
<li>15% at the end of the third year</li>
</ul>
<p>Each milestone must be certified by the Central Electricity Authority before GUVNL releases funds, which will only occur after receiving them from the Government of India and the developer providing a bank guarantee of ₹1.25 million (~$14,867)/MW/project.</p>
<p>If the developer fails to commission the project on time,  GUVNL can recover the disbursed VGF with interest at SBI-MCLR (1 Year) plus 5% from the disbursement date. For reduced capacity, recovery will be proportional.</p>
<p>If the BESPA is terminated within three years post-COD due to developer-related issues, GUVNL can recover pre-COD VGF disbursements with interest. In case of project transfer or sale, the new owner must issue a fresh bank guarantee.</p>
<p>Recently, the GUVNL had <a href="https://www.mercomindia.com/guvnl-issues-tender-to-procure-500-mw-of-solar-power-with-greenshoe-option" target="_blank" rel="noopener">invited</a> bids to purchase power from 500 MW of grid-connected solar power projects (Phase XXV), with a greenshoe option of an additional 500 MW.</p>
<p>In June 2024, Gensol Engineering <a href="https://www.mercomindia.com/gensol-guvnl-500-mwh-bess-auction" target="_blank" rel="noopener">won</a> GUVNL’s auction to set up pilot projects of 250 MW/500 MWh standalone BESS in Gujarat under tariff-based global competitive bidding (Phase III).</p>


Kintech, H.G Infra, Bhilwara and Advait Win GUVNL’s 500 MW/1000 MWh BESS Auction


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					</table><p><a href="https://www.gensol.in/" target="_blank" rel="noopener">Gensol Engineering</a> and IndiGrid 2 (<a href="https://www.indigrid.co.in/" target="_blank" rel="noopener">IndiGrid</a>) have won Gujarat Urja Vikas Nigam’s (<a href="https://www.guvnl.com/" target="_blank" rel="noopener">GUVNL</a>) auction to set up pilot projects of 250 MW/500 MWh standalone battery energy storage systems (BESS) in Gujarat under tariff-based global competitive bidding (Phase-II).</p>
<p>Gensol won 70 MW/140 MWh, quoting ₹448,996 (~$5,424)/MW/month, and IndiGrid won the remaining 180 MW/360 MWh, quoting ₹449,996 (~$5,436)/MW/month.</p>
<p>The tariff quoted in the auction was 58.43% lower than the ₹1.08 million (~$13,045)/MW/month <a href="https://www.mercomindia.com/jsw-renew-energy-wins-seci-tender-1gwh-bess" target="_blank" rel="noopener">quoted</a> by JSW Energy for the Solar Energy Corporation of India’s auction to set up 500 MW/1,000 MWh BESS projects in August 2022.</p>
<p>The other participants who failed to qualify in the financial bid opening are JSW Neo Energy, Hero Solar Energy, NTPC Renewable Energy, ACME Solar Holdings, SJVN Green Energy, and Vent Renewables.</p>
<p><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-64094" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/GUVNL-500-MWh-BESS-Auction-Result.png" alt="GUVNL 500 MWh BESS Auction Result" width="807" height="223" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/GUVNL-500-MWh-BESS-Auction-Result.png 807w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/GUVNL-500-MWh-BESS-Auction-Result-300x83.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/GUVNL-500-MWh-BESS-Auction-Result-768x212.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/GUVNL-500-MWh-BESS-Auction-Result-650x180.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/GUVNL-500-MWh-BESS-Auction-Result-624x172.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/GUVNL-500-MWh-BESS-Auction-Result-600x166.png 600w" sizes="(max-width: 807px) 100vw, 807px" /></p>
<p>GUVNL had <a href="https://www.mercomindia.com/guvnl-500-mwh-battery-energy-storage" target="_blank" rel="noopener">floated</a> the tender for projects in November 2023.</p>
<p>The projects must be developed under a build, own, and operate model. GUVNL seeks to utilize energy storage systems on an on-demand basis, suited to the requirements of the state distribution companies during peak and off-peak hours.</p>
<p>The projects must be completed within 18 months from the effective date of the battery energy storage purchase agreement (BESPA).</p>
<p>The power rating of the project capacity of 500 MWh (250 MW x 2 hours) BESS will be 250 MW, i.e., the maximum value of the active output and input power at the delivery point. The system’s energy rating of 500 MWh will be the dispatchable capacity measured at the metering point.</p>
<p>The BESS will be charged by drawing power from the <a href="https://www.getcogujarat.com/getco_newsite/index.php" target="_blank" rel="noopener">Gujarat Energy Transmission Corporation</a> network per the dispatch instructions issued by the state load despatch center. Charging and discharging of the system will be under the scope of GUVNL.</p>
<p>Gensol and IndiGrid will be responsible for the maintenance of the transmission system up to the interconnection point. They must also bear the entire infrastructure construction cost from the project up to the interconnection point. They must guarantee a minimum system availability of 95% annually.</p>
<p>The tender had specified that commercially established and operational technologies must be used in the project to minimize technology risks and comply with the codes and standards specified in the guidelines.</p>
<p>The companies have not specified the BESS technology that they will deploy.</p>
<p>In October last year, Uttar Pradesh Power Corporation <a href="https://www.mercomindia.com/tender-issued-for-five-bess-projects-in-uttar-pradesh" target="_blank" rel="noopener">issued</a> bids to set up five standalone BESS of 10 MW/40 MWh each in Uttar Pradesh.</p>


Gensol and IndiGrid Win GUVNL’s 500 MWh BESS Auction at Record-Low Tariffs


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					</table><p>Gujarat Urja Vikas Nigam Limited (<a href="https://www.guvnl.com/" target="_blank" rel="noopener">GUVNL</a>) has invited bids to set up pilot projects of 1 GWh (500 MW x 2 hours) standalone battery energy storage systems (BESS) in Gujarat for ‘on-demand usage’ under tariff-based competitive bidding (Phase-I).</p>
<p>The projects will be developed under a build, own, and operate model. GUVNL seeks to utilize energy storage systems on an “On-Demand” basis, suited to the requirements of the state distribution companies during the peak and off-peak hours.</p>
<p>The last date to submit the bids is September 15, 2022. Bids will be opened on September 22.</p>
<p>Bidders are required to submit a document fee of ₹29,500 (~$370.26) and a document processing fee of ₹1.5 million (~$18,826) plus 18% goods and services tax (GST) for the total project capacity quoted.</p>
<p>Bidders will have to submit ₹740,000 (~$9,310) per MW as an earnest money deposit. The successful bidder will have to furnish ₹1.11 million (~$13,966) per MW as a performance bank guarantee.</p>
<p>The minimum bid size swill be 80 MWh (40 MW x 2 hours).</p>
<p>GUVNL will enter into a battery energy storage purchase agreement (BESPA) with the successful bidders for providing an energy storage facility to GUVNL as per the terms, conditions, and provisions of the request for selection and BESPA.</p>
<p>The project must be completed within 18 months from the effective date of BESPA.</p>
<p>Further, the project developer should adopt commercially established and operational technologies to minimize technology risks and comply with the codes and standards specified in the guidelines.</p>
<p>The BESS will be charged by drawing power from the Gujarat Energy Transmission Corporation (GETCO) network per the dispatch instructions issued by the state load despatch center. Charging and discharging of the system will be under the scope of GUVNL.</p>
<p>The maintenance of the transmission system up to the interconnection point will be the project developer&#8217;s responsibility, to be undertaken entirely at their cost and expense. The project developer will bear the entire infrastructure construction cost from the project up to the interconnection point.</p>
<p>The power rating of the project capacity of 1000 MWh (500 MW x 2 hours) BESS will be 500 MW, i.e., the maximum value of the active output and input power at the delivery point. The system&#8217;s energy rating of 1,000 MWh will be the dispatchable capacity measured at the metering point.</p>
<p>The battery energy storage system developer must guarantee a minimum system availability of 95% on an annual basis.</p>
<p>GUVNL had proposed to promote only commercially established and operational technologies to minimize the technology risk and to achieve timely commissioning of the projects.</p>
<p>The net worth of the bidders should be equal to or greater than ₹7.4 million (~$93,109)/MW of the quoted capacity (in MW) as on the last date of the previous financial year or seven days prior to the bid submission deadline.</p>
<p>Any bidder from a country that shares a land border with India will be eligible to bid.</p>
<p>In April this year, NTPC Renewable Energy <a href="https://mercomindia.com/ntpc-tender-250-mw-500-mwh-battery-storage-rajasthan/" target="_blank" rel="noopener">issued</a> an invitation for bids for the design, engineering, manufacturing, supply, installation, and commissioning of a 250 MW/500 MWh grid-connected standalone BESS near Fatehgarh-III interstate transmission system (ISTS) substation in Rajasthan.</p>
<p>Earlier, the Solar Energy Corporation of India had <a href="https://mercomindia.com/seci-invites-bids-for-1-gwh-standalone-battery-energy-storage/" target="_blank" rel="noopener">issued</a> a request for selection to set up pilot projects of 500 MW/1000MWh standalone BESS under a build, own, operate, and transfer model.</p>
<p>Subscribe to Mercom&#8217;s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> for timely updates on all solar tenders issued by various agencies in India.</p>


GUVNL Invites Bids for 1 GWh of Standalone Battery Energy Storage Systems

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