Big win for Anil Ambani, this company receives letter of award for project of…, from…

Reliance Power announced on Wednesday that its subsidiary, Reliance NU Energies, has secured a letter of award from SJVN for a 350 MW solar power project integrated with a 175 MW/700 MWh Battery Energy Storage System (BESS). 

Once completed, the project will enhance Reliance Power’s portfolio with an additional 600 MW of solar DC capacity and 700 MWh of BESS capacity will make it a leader in new energy solutions, according to a company statement.

The company’s total clean energy pipeline now stands at 2.4 GW of Solar DC capacity and over 2.5 GWH of BESS capacity, making it India’s largest player in the integrated Solar and BESS segment, it stated.

Reliance NU Energies had earlier emerged as the successful bidder in the competitive auction conducted by SJVN, securing the project at a fixed tariff of Rs 3.33/kWh for a period of 25 years.

The project was part of a larger 1,200 MW solar and 600 MW/2,400 MWh BESS tender, which attracted participation from 19 developers, with 18 qualifying for the final e-reverse auction.

The tender was oversubscribed by more than 4 times, reflecting heightened industry interest in dispatchable renewable energy solutions.

The company has an operating portfolio of 5,305 megawatts, that includes 3,960 megawatts Sasan Power Ltd — world’s largest integrated coal based power plant. 

(With Inputs From PTI)

News