Oriana Power’s wholly-owned subsidiary, Truere Knight, has signed a battery energy storage purchase agreement (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to develop a 50 MW/100 MWh standalone battery energy storage system (BESS) at Heerapura, Jaipur Substation in Rajasthan.

The project, aimed at improving grid reliability and energy efficiency, will be implemented under the build-own-operate (BOO) model. This grid-scale BESS project will support demand-supply balancing and reduce blackout risks, enhancing grid stability. The total order value stands at Rs 188.61 crore with expected viability gap funding (VGF) of Rs 27 crore, based on current cost estimates. The project must be completed within 18 months of the BESPA signing.

The agreement underscores Oriana Power’s continued commitment to clean energy solutions and leadership in the battery storage segment. The company clarified that the promoter group has no financial interest in RVUNL, and the deal is not classified as a related party transaction.