Mumbai, Aug. 20 -- Under the agreement, the company will set up a 150MW/300 MWh standalone BESS at the 400kV Doni Substation in Gadag District, Karnataka.

The project will be executed on a build, own, operate (BOO) basis with a VGF (State Component) under a tariff-based global competitive bidding process.

For this 12-year contract, the company will receive a monthly rental of Rs 2.54 lakh per MW, which amounts to a yearly rental of Rs 45.72 crore for the 150MW/300 MWh system.

Additionally, the company will receive VGF funding of Rs 27 lakh per MWh or 30% of the BESS capital cost, whichever is lower.

Prostram Info Systems is a power solutions provider specializing in UPS systems, inverters, lithium-ion battery packs, and solar EPC proj...