HG Infra Engineering Acquires 300 MW/600 MWh Battery Storage Project in Gujarat

HG Infra Engineering Ltd has been made a qualified bidder by Gujarat Urja Vikas Nigam Ltd. (GUVNL) for a 300 MW/600 MWh battery energy storage system (BESS) project. The project comes under Phase-IV of GUVNL's tariff-based global competitive bidding, with Viability Gap Funding (VGF) support to improve grid stability and renewable energy integration.

 

Key Highlights:

 

✅ Project Scope: HG Infra will build a 300 MW/600 MWh stand-alone battery storage facility, aiding Gujarat's renewable transition.

✅ Competitive Bidding: The project came through GUVNL's Phase-IV competitive bidding, providing cost-efficient energy storage.

✅ Viability Gap Funding: The project features government-sponsored financial support, enhancing the economic viability of battery storage.

✅ Infrastructure Growth: HG Infra strengthens its position in India's power sector by diversifying into battery storage and grid solutions.

✅ Project Timeline: The project is set to be completed in 18 months, further bolstering India's clean energy ambitions.

 

With this strategic victory, HG Infra Engineering is set to shape the energy storage infrastructure of Gujarat and maintain proper power management and grid stability.

 

Source: Energetica India, Business Standard, HG Infra Investor Relations