8SEPTEMBER, 2024GENSOL ENGINEERING SECURES ANOTHER BESS PROJECT FROM GUVNLHEATWAVES CONTRIBUTING TO MAJOR ENERGY CONSUMPTIONGensol Designing added that it has secured an extra 250 MW/500 MW Battery Energy Storage System Project (BESS) from GUVNL, taking its order book to Rs 3,100 crore in the sector. Gujarat Urja Vikas Nigam Limited (GUVNL) had prior granted the organization a BESS project in a comparable limit."It has been allotted the greenshoe option of 250 MW/500 MWh by GUVNL to reach the 500 MW/1000 MWh BESS project. This takes its total BESS order book to over Rs 3,100 crore," Gensol Engineering said in an exchange filing.The 500 MW/1,000 MW energy storage system means that 500 MW of battery power can provide power backup for more than an hour, resulting in a 1,000 MW total output. It added that the project, which includes the first and second tranches, will bring in Rs 2,685 crore in revenue over the 12-year Battery Energy Storage Purchase Agreement (BESPA) period.It will supply Gujarat state's discoms with electricity "On-Demand" during peak and off-peak hours, fulfilling Energy Storage Purchase Obligations and enhancing grid resilience by extending renewable energy availability beyond solar hours.The undertaking, once commissioned at two Gujarat Energy Transmission Company (GETCO) substations, will convey 500 MW/1000 MWh energy for two charge/release cycles each day. Gensol Designing is a main player in the renewable energy sector, gaining practical experience in solar power engineering, procurement and construction (EPC) administrations, alongside electric mobility solutions. India's northern plains experienced a record peak demand for power on Monday as the region endured a prolonged heatwave. According to the government, the peak demand for power reached 89 gigawatts (GW), marking the highest ever for the northern region. This surge in energy consumption has been ongoing since May 17 and has presented significant challenges for the country's power infrastructure.The India Meteorological Department (IMD) has predicted above-normal temperatures for June in the northwest and central parts of the country, contributing to one of the longest heatwave spells on record. The heatwave has had severe impacts, with nearly 25,000 suspected cases of heat stroke and 56 reported deaths from March to May.In the national capital, Delhi, temperatures reached around 44 degrees Celsius (111.2 Fahrenheit) late Monday afternoon, with the IMD indicating that it felt like 49.2 degrees Celsius. Delhi has faced a persistent water shortage, and temperatures have remained above 40 degrees Celsius (104 Fahrenheit) since May 12, with relief expected only after June 26.To cope with the high power demand, India's power ministry has been importing 25-30 percent of its energy needs from neighboring regions and has urged utilities to minimize forced outages. This summer, the country has seen a record peak demand of 250 GW nationwide, driven by the increased use of air conditioners and cooling appliances.Despite the sweltering heat, the IMD anticipates some respite beginning Thursday, although the monsoon season has delivered 20 percent less rain than usual so far. The government continues to implement various measures to manage the high energy consumption and mitigate the impact of the ongoing heatwave. TOP STORIES
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