Advait Energy Transitions Limited has secured a Letter of Intent (LoI) for setting up a 150 MW / 300 MWh standalone Battery Energy Storage System (BESS) project in Gujarat. The project has been awarded by Gujarat Urja Vikas Nigam Limited under a tariff-based competitive bidding process.
The project falls under Phase-VIII of the BESS program and includes Viability Gap Funding (VGF) support through the Power System Development Fund (PSDF), followed by an e-reverse auction mechanism.
According to the company’s regulatory filing, the project is to be executed within 18 months from the date of signing the Battery Energy Storage Purchase Agreement. The contract value is structured at ₹2,10,000 per MW per month, inclusive of taxes.
This development marks a significant step for Advait Energy Transitions in strengthening its position in India’s fast-growing energy storage segment. The deployment of standalone BESS projects is expected to play a crucial role in enhancing grid stability and supporting the integration of renewable energy sources.
The order has been awarded by a domestic entity, and the company has confirmed that it does not fall under related party transactions.
With increasing focus on energy storage solutions, such projects are set to become a key enabler in India’s transition towards a more resilient and sustainable power infrastructure.
