Rajesh Power Services’ wholly-owned subsidiary -- Rajesh Power Projects has signed a Battery Energy Storage Purchase Agreement (BESPA) with state-run Gujarat Urja Vikas Nigam (GUVNL) for the development of a 65 MW/ 130 MWh standalone Battery Energy Storage System (BESS) project at Virpore in Gujarat.

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. Under the BESPA, the project will operate under a 12-year agreement from the date of commissioning at a contracted tariff of Rs 1.89 lakh per MW per 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.

Rajesh Power Services (RPSL) is amongst the largest players in the country, firmly established in the underground power transmission and infrastructure EPC space.