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Rajesh Power Projects Pvt. Ltd, a wholly-owned subsidiary of Rajesh Power Services Ltd (RPSL), 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.
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.
At 12.10 pm, Rajesh Power Services Ltd was trading at Rs. 909, up by 2.13%, with a volume of 0.12 lakh shares on the BSE.
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