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Gensol Engineering wins GUVNL’s 70 MW Battery Energy Storage Project

11 Mar 2024 Evaluate

Gensol Engineering has emerged as L1 attaining an unassailable position for 70 MW / 140 MWh out of 250 MW/500 MWh standalone Battery Energy Storage Systems (BESS) project. The project will be developed by Gensol under a Tariff-Based Global Competitive Bidding model to provide energy storage capacity to Gujarat Urja Vikas Nigam (GUVNL) in Gujarat on-demand basis.

The project once commissioned will provide electricity on an ‘On-Demand’ basis to Gujarat State's DISCOMs during the peak and off-peak hours. The project will deliver 70 MW / 140 MWh energy for two charge/discharge cycles a day. The project will contribute Rs 450 crore to Gensol’s revenue over the period of contract.

Gensol will provide state-ofthe-art energy storage solutions integrated with advanced energy management systems while meeting stringent availability and efficiency performance metrics. This reflects Gensol's capability to execute projects that meet the growing demand for reliable and efficient energy storage solutions worldwide.

Gensol Engineering is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.


Peers
Company Name CMP
Larsen & Toubro 3871.00
Kalpataru Projects 1390.20
NCC 132.85
Rail Vikas Nigam 206.90
KEC International 396.50
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