Advait Energy wins 150 MW/300 MWh BESS LoI from GUVNL
Advait Energy Transitions Limited has received a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for a 150 MW/300 MWh standalone battery energy storage system (BESS) project in Gujarat. The LoI confirms the company’s selection as the lowest (L1) bidder under GUVNL’s Tariff-Based Competitive Bidding Phase-VIII at a tariff of Rs 2.10 lakh per MW per month, inclusive of taxes. The contract is domestic in nature and does not involve related-party transactions….