India, March 6 -- Rajesh Power Projects, a wholly-owned subsidiary of Rajesh Power Services (RPSL), has signed a Battery Energy Storage Purchase Agreement (BESPA) with state-run Gujarat Urja Vikas Nigam (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.Under the BESPA, the project will operate under a 12-year agreement from the date of commissioning at a contracted tariff of Rs 1.89 lakh per MW per month. The project involves a 65 MW battery system with a stora...