Mumbai, Aug. 21 -- The project will be established at the 400 kV Doni substation (220 kV voltage level) in Gadag District, Karnataka, with viability gap funding (VGF) under tariff based global competitive bidding and on build own operate basis.

The company will receive a rental of Rs 2.54 lakh/MW/month (i.e. yearly rental of Rs. 45.72 crore on 150MW/300 MWh) for period of 12 years along with VGF funding of Rs 27 lakh per MWh or 30% of capital cost for BESS, whichever is lower.

Prostarm Info Systems is engaged in the design, manufacture, assembly, sale, and service of energy storage and power conditioning equipment under its own brand in India. Its product portfolio includes UPS systems, inverters, lift inverters, solar hybrid inverters,...