Rajesh Power Projects signs BESPA with GUVNL for 65 MW/130 MWh standalone battery energy storage system project
Type: Development · Technology: Storage · Country: India · Capacity: 65 MW · Announced: 2026-03-06
Rajesh Power Projects signed a battery energy storage purchase agreement (BESPA) with GUVNL for the development of a 65 MW/130 MWh standalone battery energy storage system project in Gujarat.
Analysis
The 65 MW/130 MWh standalone battery energy storage system (BESS) project in Gujarat, secured by Rajesh Power Projects through a Battery Energy Storage Purchase Agreement (BESPA) with GUVNL, directly addresses grid flexibility requirements for the state of Gujarat. Announced on March 6, 2026, this development-stage deal sees GUVNL, the state-owned utility holding company overseeing Gujarat's integrated power sector, procuring 130 MWh of energy storage capacity. The standalone configuration of the BESS indicates GUVNL's focus on utilizing the asset for broader grid support functions, distinct from co-located generation. For Rajesh Power Projects, an Indian infrastructure development and EPC company with experience across thermal, hydro, solar, and wind power generation, this agreement expands its portfolio into dedicated grid-scale storage. GUVNL, managing power generation, transmission, and distribution across Gujarat, India, gains a critical 65 MW asset to enhance grid stability and reliability. This procurement directly supports GUVNL's mandate for integrated power sector management within Gujarat. Rajesh Power Projects, an Indian developer with a track record in general infrastructure and various power generation technologies, diversifies its project pipeline by developing this specialized battery storage facility. The undisclosed value of the BESPA means specific financial terms for this 2026 development remain private for both the developer and the state utility. This transaction demonstrates a clear utility-driven demand for dedicated energy storage infrastructure within India's state-level power sector.
Key points
- 65 MW / 130 MWh standalone battery energy storage system.
- BESPA signed by Rajesh Power Projects with state-owned utility GUVNL.
- Project located in Gujarat, India.
- Announced on March 6, 2026.
- Rajesh Power Projects, an Indian infrastructure developer, diversifies into standalone storage.
Counterparties
- Rajesh Power Projects (Developer)