Rajesh Power Inks BESPA with GUVNL for 65 MW/130 MWh Standalone BESS Project in Gujarat
Rajesh Power Projects, a wholly-owned subsidiary of Rajesh Power Services, has signed a 12-year Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam (GUVNL) for a 65 MW/130 MWh standalone BESS project at Virpore, Gujarat.
March 06, 2026. By Mrinmoy Dey
The agreement establishes the long-term framework for the development and operation of the battery storage facility and marks Rajesh Power's formal entry into the utility-scale battery energy storage segment, the company stated.
Under the BESPA, the project will operate under a 12-year agreement from the date of commissioning at a contracted tariff of INR 1.89 lakh/MW/month. The project involves a 65 MW battery system with a storage capacity of 130 MWh, capable of supplying power for up to two hours. It is expected to be commissioned within 18 months from the date of signing of the agreement, the company stated.
Commenting on the development, Kurang Panchal, Managing Director, Rajesh Power Services, said, “The signing of the BESPA with GUVNL marks an important milestone for Rajesh Power as we enter the utility-scale battery storage segment. As renewable energy capacity continues to grow, battery energy storage systems will play a critical role in ensuring grid flexibility and reliability. This project reflects our commitment to supporting India’s evolving power infrastructure through high-quality execution and long-term operational capability.”
The project was awarded to the company earlier this year under tariff-based competitive bidding as part of GUVNL's 'Request for Selection for setting up of Standalone BESS - Phase VII', supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).
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