Advait Energy Transitions Limited (AETL), through its subsidiary Advait BESS Bhesaan Private Limited, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a 150 MW/300 MWh Standalone Battery Energy Storage System (BESS) project in Gujarat. The agreement was executed following GUVNL's tariff-based competitive bidding process under Phase VIII, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).

The project will be developed in the vicinity of the 220 kV Bhesan AIS substation of Gujarat Energy Transmission Corporation (GETCO) and will be designed to provide reliable, dispatchable energy storage capacity to support Gujarat's evolving power infrastructure. Under the terms of the agreement, Advait BESS Bhesaan Private Limited will develop, own, and operate the project and make the contracted storage capacity available to GUVNL on a long-term basis. The BESPA has a tenure of 12 years from the effective date of signing.