Rajesh Power Services Limited has received a letter of intent (LoI) from Gujarat Urja Vikas Nigam Limited for setting up a 65 MW/130 MWh standalone battery energy storage system (BESS) project at Virpore in Gujarat.
The project has been awarded under tariff-based competitive bidding with viability gap funding support through the power system development fund. The project is scheduled to be executed within 18 months from the date of signing of the battery energy storage purchase agreement. The project forms part of Gujarat’s plan to develop 2,000 MW/4,000 MWh of battery energy storage capacity across the state to support peak demand management, grid stability and renewable energy integration.