Oriana Power Secures ₹270 Million VGF for Rajasthan Battery Storage Project

Image Source : Wire & Cable India

Oriana Power Ltd has taken a major step forward in India’s clean energy transition by securing a Letter of Award (LoA) for a 50 MW/100 MWh standalone Battery Energy Storage System (BESS) in Rajasthan. The project will be developed at the Heerapura Sub-Station in Jaipur under a build-own-operate model, with viability gap funding (VGF) support of ₹27 crore.

Key Highlights

- The BESS will be deployed by Oriana’s subsidiary, Truere Knight Pvt Ltd
- The system is designed for two charge-discharge cycles per day, enabling on-demand power availability
- Scheduled commissioning is within 18 months of the BESPA signing

Project Scope and Financials

- The 12-year Battery Energy Storage Purchase Agreement (BESPA) is signed with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL)
- Total revenue expected over the contract period is ₹188.61 crore
- The VGF of ₹27 crore will help bridge the financial viability gap and accelerate deployment

Strategic Significance

- The Heerapura BESS will enhance grid flexibility and support renewable energy integration in Rajasthan
- Oriana Power’s win follows its recent success in Tamil Nadu’s 500 MW/1,000 MWh BESS auction, where it secured a 50 MW/100 MWh project
- The company’s growing portfolio positions it as a key player in India’s energy storage ecosystem

This development reflects both state and central government commitment to battery storage as a critical enabler of India’s renewable energy goals.

Sources: pv magazine India, Saur Energy, The Battery Magazine, Mercom India, DSIJ India