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HG Infra Engineering received a Letter of Intent to establish a 250 MW/500 MWh battery energy storage system in Gujarat. The project is part of a larger 500 MW/1000 MWh initiative, with completion expected in 18 months.
HG Infra Engineering Limited has secured a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited to set up a 250 MW/500 MWh standalone battery energy storage system in Gujarat. This project forms part of a broader 500 MW/1000 MWh energy storage programme under Phase-IV of GUVNL’s Tariff-Based Global Competitive Bidding initiative. The project benefits from Viability Gap Funding and is expected to significantly enhance Gujarat’s renewable energy infrastructure.
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Project involves 250 MW/500 MWh battery energy storage system.
Completion timeline is 18 months from project initiation.
Part of a larger 500 MW/1000 MWh energy storage initiative.
Supported by Viability Gap Funding to bolster renewable energy capacity.
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The 250 MW/500 MWh battery energy system will play a critical role in improving energy storage capabilities in Gujarat. HG Infra has committed to completing this project within 18 months from its start date, showcasing its ability to execute large-scale infrastructure projects efficiently. This initiative reinforces the company’s position in the renewable energy sector and aligns with India’s goal to expand sustainable energy solutions.
Project Details | Specifications |
Project Scope | 250 MW/500 MWh Battery Energy Storage System |
Location | Gujarat |
Completion Timeline | 18 months from initiation |
Part of Larger Initiative | 500 MW/1000 MWh Programme |
This development highlights HG Infra’s capabilities in handling advanced renewable energy projects, strengthening its portfolio in the sector. The announcement positively impacts the HG Infra Engineering share price, reflecting the company’s growing credibility in the infrastructure and energy markets.
HG Infra’s new project in Gujarat marks a significant step towards advancing India’s energy storage capabilities, further cementing its reputation in renewable energy infrastructure.
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