Prostarm Info Systems receives LOA from Bihar State Power Generation Company
The LOA is for setting up of 30MW/120 MWh standalone Battery Energy Storage System
Prostarm Info Systems has received a final Letter of Award (LOA) from Bihar State Power Generation Company for setting up of 30MW/120 MWh standalone Battery Energy Storage System (BESS) at rental of Rs 4.44 lakh/MW/Month (yearly rental of Rs 15.98 crore on 30MW/120 MWh) under Tariff Based Competitive Bidding (TBCB) mode at different GSS location of BSPTCL in Bihar with Viability Gap Funding (VGF) Support under BOOT model for 12 years.
Earlier on June 16, the company had received a Letter of Intent (LoI) for the same.
Prostarm Info Systems is engaged in designing, manufacturing, assembling, sale, service and supply of Energy Storage Equipment and Power Conditioning Equipment (Power Solution Products) in India.
