Mumbai, June 17 -- The project, to be executed under the tariff based competitive bidding (TBCB) route, will be implemented at various GSS locations of BSPTCL in Bihar under the build-own-operate-transfer (BOOT) model with viability gap funding (VGF) support for 12 years.

Prostarm will receive a rental of Rs 4.44 lakh/MW/month, translating into an annual rental of Rs 15.98 crore for the 30 MW capacity.

The project is scheduled to be fully commissioned within 18 months from the effective date of the battery energy storage purchase agreement (BESPA).

The company stated that no, the promoter/promoter group/group companies have no interest in the entity that awarded the contract. The contract does not fall under related party transactions ...