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.
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Counterparts (1)
Developer
Rajesh Power Projects
company · 1 deals
Rajesh Power Projects is an Indian infrastructure development and EPC company specializing in power generation (thermal, hydro, solar, wind), transmission & distribution, and general infrastructure (roads, bridges, buildings, water supply). They offer comprehensive solutions from concept to commissioning, focusing on engineering, procurement, and construction services across India.
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Deal 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.
- 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.
- Value of the development deal remains undisclosed.
Source Intelligence
KEY DETAILS
The project involves a 65 MW battery system with a storage capacity of 130 MWh, capable of supplying power for up to two hours. 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 project was awarded to the company earlier this year through tariff-based competitive bidding under GUVNL’s Phase VII tender for setting up a standalone BESS, supported by viability gap funding (VGF) through the Power System Development Fund (PSDF).
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Capacity
Rajesh Power Projects has signed a battery energy storage purchase agreement (BESPA) with state-run Gujarat Urja Vikas Nigam Ltd (GUVNL) for the development of a 65 MW/130 MWh standalone battery energy storage system (BESS) project at Virpore in Gujarat.
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Location
at Virpore in Gujarat
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PPA Details
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 per MW per month.
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Announcement
March 6, 2026
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Signing
Rajesh Power Projects has signed a battery energy storage purchase agreement (BESPA)
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COD
It is expected to be commissioned within 18 months from the date of signing of the agreement.
PARTIES MENTIONED IN SOURCE
R
Rajesh Power Projects
developer
"Rajesh Power Projects has signed a battery energy storage purchase agreement (BESPA)"
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Gujarat Urja Vikas Nigam Ltd (GUVNL)
buyer
"state-run Gujarat Urja Vikas Nigam Ltd (GUVNL)"
high quality
Enriched Mar 9, 2026
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