Mumbai, June 3 -- The agreement pertains to the development of a standalone Battery Energy Storage System (BESS) project with a capacity of 150 MW/300 MWh. The project was awarded under GUVNL Phase-VIII through a tariff-based competitive bidding process.

The project is backed by Viability Gap Funding (VGF) from the Power System Development Fund (PSDF). Under the agreement, Advait BESS Bhesaan will develop, own, and operate the BESS facility near the 220 kV Bhesan AIS substation of GETCO in Gujarat. The company will provide the contracted energy storage capacity to GUVNL on a long-term basis. The agreement is valid for 12 years from the effective date of signing.

Advait Energy Transitions said the contract has been awarded by a domestic ...