Advait Energy and H.G. Infra sign BESS deals with GUVNL
Author: PPD Team Date: May 29, 2025
Author: PPD Team Date: May 29, 2025
Advait Energy and H.G. Infra Engineering have signed battery energy storage purchase agreements with Gujarat Urja Vikas Nigam Limited (GUVNL). The agreements cover standalone battery energy storage systems (BESS) backed by viability gap funding from the central government.
These deals are part of GUVNL’s Phase IV tender, which targets 500 MW/1,000 MWh of BESS capacity. The Gujarat Electricity Regulatory Commission recently approved tariffs for the projects.
Advait Energy will set up a 50 MW/100 MWh facility at the 220 kV Radhanpur substation. This project is expected to generate revenue of around Rs 1.6 billion.
Both projects fall under the Ministry of Power’s state component scheme. They support Gujarat’s energy storage obligation, which mandates 4 per cent storage by 2029–30.
Author: PPD Team Date: February 12, 2025 Bharat Heavy Electricals Limited (BHEL) posted a net profit of Rs 1.35 billion for the quarter ending December 2024, marking a 125 per cent increase from Rs 0.60 billion in the same quarter last year. The company’s total income rose by 31.87 per cent to Rs 73.85 billion, compared to Rs 56 billion in the corresponding period of the previous year. Reliance Power Limited reported a net profit…
Author: PPD Team Date: November 13, 2025 Power Exchange India Limited (PXIL) has appointed Vivek Singla as its Managing Director and Chief Executive Officer. Singla brings over 35 years of experience across the power sector, including generation, transmission, distribution, renewable energy, and green hydrogen. An alumnus of the Delhi Institute of Technology, Faculty of Management Studies (FMS) at Delhi University, and the Indian School of Business (ISB) Hyderabad, Singla is known for his strategic leadership…
Author: PPD Team Date: November 21, 2024 The U.S. Department of Energy (DOE) has announced $15 million in funding for nine projects designed to boost hydropower’s role in stabilizing the grid amid rising renewable energy adoption. Hydropower, currently contributing 27% of U.S. renewable electricity, offers critical flexibility for balancing supply and demand. Notable projects include: Hydropower-Hydrogen Integration: DRG Technical Solutions will produce hydrogen at a Colorado facility to store energy for later grid use or…
Author: PPD Team Date: October 29, 2024 AMPIN Energy Transition has signed an agreement with Varroc Group for an additional 27 MWp solar power project in Maharashtra, building on earlier solar installations across Maharashtra, Karnataka, Uttar Pradesh, and Tamil Nadu. This new capacity brings Varroc’s total contracted solar power with AMPIN to over 60 MWp, enabling the Group to source around 70% of its energy needs from renewable sources. The shift is expected to reduce…
Author: PPD Team Date: December 23, 2024 Ganesh Green Bharat Limited has secured a Rs 571.2 million contract from Kirloskar Solar Technologies Private Limited for developing 40 MW solar power projects across multiple states, including Maharashtra. The contract, awarded on December 19, 2024, involves the supply of non-DCR monocrystalline PERC solar photovoltaic modules for the projects.
Author: PPD Team Date: July 24, 2025 The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has installed over 4 lakh time of day (TOD) electricity meters in the Pune circle, reported The Indian Express. These meters are being provided free of charge to all categories of consumers. The TOD meters are postpaid and digitally transmit electricity usage data. This allows MSEDCL to issue timely and accurate bills without manual readings. The meters are tested for…