Mumbai, Sept. 21 -- The company will develop a 150 MW/300 MWh BESS project with viability gap funding (VGF) support. The project is scheduled to be commissioned within 18 months from the date of signing of the Battery Energy Storage Purchase Agreement (BESPA).

Under the project, the tariff has been fixed at Rs 2,38,000 per MW per month, translating into annual revenue of Rs 42.84 crore, excluding GST. The revenue will accrue for a period of 15 years from the commencement of commercial operations.

GK Energy is one of India's leading decentralised renewable energy infrastructure execution companies specializing in decentralized clean energy solutions, including solar-powered agricultural pumping systems, rooftop solar installations, and d...