Rajesh Power Projects Private Limited, a wholly-owned subsidiary of Rajesh Power Services Limited, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL).
The agreement covers the development of a 65 MW / 130 MWh standalone battery energy storage system at Virpore in Gujarat.
Under the agreement, the project will operate for 12 years from commissioning at a tariff of ₹1.89 lakh per MW per month. The facility will be capable of supplying power for up to two hours.
The project was awarded through tariff-based competitive bidding as part of GUVNL’s Standalone BESS – Phase VII program and is expected to be commissioned within 18 months.
