Reliance Power awarded 750 MW/3,000 MWh in SJVN’s FDRE tender

Reliance Power Ltd’s wholly-owned subsidiary, Reliance NU Energies, has emerged as the largest winner in the 1,500 MW/6,000 MWh firm and dispatchable renewable energy (FDRE) tender issued by SJVN Ltd. It secured a capacity of 750 MW/3,000 MWh, representing the largest allocation under the tender, by quoting a competitive tariff of INR 6.74 per kWh.

Reliance Power stated that it will develop the project to supply firm and dispatchable renewable power to DISCOMs during peak hours from a hybrid configuration comprising nearly 900 MWp of solar generation coupled with over 3,000 MWh of battery energy storage system (BESS) capacity.

“With this addition, the Reliance Group has consolidated its position as India’s largest player in the Solar + BESS segment, with a cumulative portfolio exceeding 4 GWp of solar and 6.5 GWh of BESS across four tenders, under development and implementation” stated Reliance Power–part of the Reliance Group. “This achievement, accomplished in just 10 months, highlights the Group’s rapid execution capabilities and its commitment to India’s energy transition and decarbonization goals.”

The landmark FDRE tender marks a major step towards enabling round-the-clock renewable power supply through hybrid and storage-based energy solutions. The online auction witnessed strong industry participation, being oversubscribed 3.3 times, with 14 bidders qualifying for the reverse online auction process.