IndiGrid, an infrastructure investment trust (InvIT) specializing in energy projects, has secured a groundbreaking initiative in Gujarat, India. The project involves the development of a 180 MW/360 MW battery energy storage system (BESS), awarded by Gujarat Urja Vikas Nigam (GUVNL), marking a significant milestone in the country’s energy landscape.
This comprehensive contract includes testing, installation, commissioning, and ongoing operation and maintenance of the BESS project. Located at the Gujarat Energy Transmission Corporation (GETCO) sub-station, the project aims to seamlessly integrate with the grid, ensuring reliable and efficient energy storage solutions.
The company’s success in the competitive bidding process, where it emerged as the second lowest bidder, underscores its commitment to delivering value in the energy sector. The project’s fixed tariff of Rs 4,49,996 per MW per month highlights IndiGrid’s cost-effective approach, ensuring sustainable and affordable energy solutions for consumers.
Developed on a build, own, and operate (BOO) basis for 12 years, this venture showcases IndiGrid’s strategic vision and operational excellence in the energy sector. With a robust portfolio of 36 power projects and 13 substations, spanning extensive transmission lines, IndiGrid reaffirms its position as a leading player in India’s energy sector, driving innovation and sustainability in the industry.
IndiGrid, or the India Grid Trust, is a leading infrastructure investment trust (InvIT) in India, specializing in energy projects. Established in 2016, IndiGrid focuses on owning, operating, and maintaining a portfolio of power transmission assets. With a primary objective of providing stable and sustainable returns to its unitholders, the company has emerged as a key player in India’s energy sector.
IndiGrid’s portfolio includes 36 power projects and 13 substations, covering extensive transmission lines across India. The trust’s strategic focus on energy projects aligns with India’s growing energy needs and the government’s emphasis on renewable energy sources. The company’s success lies in its ability to secure and execute significant projects, such as the recent 180 MW/360 MW BESS initiative in Gujarat.
This project, awarded by Gujarat Urja Vikas Nigam (GUVNL), highlights IndiGrid’s commitment to innovation and sustainability in the energy sector. Overall, IndiGrid’s strong portfolio, strategic vision, and commitment to delivering value make it a trusted and reliable partner in India’s energy scene.
