Reliance NU Energies Private Limited has been awarded a Letter of Award (LOA) from SJVN Limited, a prestigious Navratna Central Public Sector company. The LOA includes a solar power project of 350 MW that is linked to the ISTS grid, teamed with a flexible 175 MW/700 MWh BESS.
This important project will greatly bolster Reliance Power’s portfolio of clean energy projects. When completed, the platform will provide 600 MW of solar DC energy and 700 MWh of energy storage, keeping Reliance Power ahead in the developing sector for new energy technology, as explained by the company. As a result, the clean energy pipeline at the company now totals 2.4 GW of solar DC capacity and more than 2.5 GWh of BESS capacity.
Previously, Reliance NU Energies won the SJVN auction for the project. The company obtained the project at a set cost of ₹3.33 per kWh for 25 years, showing it is a top contender in renewable energy.
This project was part of an ambitious 1,200 MW solar and 600 MW/2,400 MWh BESS tender. Eighteen of the nineteen companies that bid were chosen to be included in the final e-reverse auction. Interest in dispatchable renewable energy solutions was evident in the fact that the tender was oversubscribed by more than four times. This project highlights the trend towards more integrated use of renewable energy in India.
Reliance Power Limited is a part of the Reliance Group, one of India’s largest business houses. The energy sector companies include Reliance Power and Reliance Infrastructure.
Reliance Power has been established to develop, construct, and operate power projects both in India and internationally. The company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation and capacity under development.
The power projects are going to be diverse in terms of geographic location, fuel type, fuel source, and off-take, and each project is planned to be strategically located near an available fuel supply or load center. The company has close to 6000 MW of operational power generation assets. The projects under development include three coal-fired projects to be fueled by reserves from captive mines and supplies from India and elsewhere; one gas-fired projects; and twelve hydroelectric projects
