Reliance NU Suntech bags 930 MW solar project, 465 MW battery projects from SECI
New Delhi: Reliance Power on Tuesday said its subsidiary, Reliance NU Suntech, has secured a 930 MW solar project and a 465 MW battery energy storage system (BESS) from the Solar Energy Corporation of India (SECI).
According to the company’s statement, the project will mark the second-largest deployment of grid storage batteries at a single site in Asia, following China.
Reliance NU Suntech Private Ltd, a subsidiary of Reliance Power, received a Letter of Award from SECI for the proposed 930 MW solar and 465 MW/1,860 MWh BESS projects.
The competitive tariff, which ensures peak power supply for 4 hours daily, will provide relief to DISCOMs that have been forced to purchase power during peak hours from exchanges at a capped rate of Rs 10 per unit.
Reliance NU Suntech won the contract for the 930 MW solar project during an e-reverse auction held on December 9, 2024. As per the tender conditions, the company will establish a minimum storage capacity of 465 MW/1,860 MWh, powered by solar energy.
Reliance NU Suntech secured the largest individual share of the total 2,000 MW of Inter State Transmission System (ISTS)-connected solar projects with 1,000 MW/4,000 MWh energy storage systems, which were contested by five companies.
SECI will sign a 25-year power purchase agreement with Reliance NU Suntech, and the solar energy procured will be supplied to multiple DISCOMs across India. The project will be developed on a build-own-operate model.
Reliance Power, part of the Reliance Group, is among India’s leading private power generation companies. Its operational portfolio stands at 5,300 MW, including the 3,960 MW Sasan Power Ltd, the world’s largest integrated coal-based power plant.
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