Image Source: www.rajeshpower.com
Rajesh Power Services Ltd clinched a 65 MW / 130 MWh battery storage project in Gujarat under a 12-year agreement at ₹189,000 per MW per month. The Virpore-based project, awarded by GUVNL, strengthens grid reliability, supports renewable integration, and positions Rajesh Power as a key player in India’s energy storage market.
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Key Highlights & Market Impact
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Project Scale: A 65 MW / 130 MWh standalone BESS will be built at Virpore, Gujarat.
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Contract Terms: Operates under a 12-year agreement with fixed tariff of ₹189,000 per MW per month.
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Awarding Authority: Project awarded by Gujarat Urja Vikas Nigam Ltd (GUVNL) via competitive bidding.
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Funding Support: Backed by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).
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Strategic Entry: Marks Rajesh Power’s first utility-scale battery storage project, diversifying beyond transmission.
Why This Matters
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Grid Reliability: Enhances Gujarat’s power stability during peak demand and renewable fluctuations.
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Energy Transition: Supports India’s renewable integration goals and self-reliance in power infrastructure.
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Investor Confidence: Positions Rajesh Power as a front-runner in India’s emerging storage sector.
Sources: Reuters (RTRS), Electrical & Power Review (EPR), Industrial Automation News
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