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Rajesh Power Services secures LoI from Gujarat Urja Vikas Nigam
Jan-05-2026

Rajesh Power Services has received Letter of Intent (LoI) from Gujarat Urja Vikas Nigam (GUVNL) for the development of 65 MW / 130 MWh Standalone Battery Energy Storage System (BESS) at Virpore in Gujarat under Tariff-Based Competitive Bidding (Phase -VII) with Viability Gap Funding supported through Power System Development Fund (PSDF), subject to execution of Battery Energy Storage Purchase Agreement (BESPA) and regulatory approvals. The order is to be executed within 18 months from the date of signing of BESPA.

Rajesh Power Services (RPSL) is amongst the largest players in the country, firmly established in the underground power transmission and infrastructure EPC space.


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