Advait Infratech Limited has received a letter of intent (LoI) from Gujarat Urja Vikas Nigam Limited for 50 MW out of the 500 MW/1,000 MWh standalone battery energy storage systems (BESS) project in Gujarat.
The project is part of the tariff-based global competitive bidding (Phase-IV) initiative with viability gap funding support. The project is expected to be completed within 18 months.