Reliance Power subsidiary wins largest tender by a Leading Navratna PSU

New Delhi: Reliance Power Limited (Reliance Power) subsidiary, Reliance NU Energies Private Limited (Reliance NU Energies), wins the largest allocation in SJVN’s tariff-based competitive bidding process, securing an allocation of 350 MW of solar generation capacity coupled with 175 MW/700 MWh of battery energy storage system (BESS).

Once commissioned, the platform will add 600 MWp of installed solar PV capacity, and 700 MWh of energy storage to Reliance Power’s portfolio, consolidating its leadership in new energy solutions. The company’s total clean energy pipeline now stands at 2.5 GWp solar and >2.5 GWhr BESS, making it India’s largest player in the integrated Solar + BESS segment. The winning tariff was discovered at INR 3.33/kWh, fixed for a 25-years, positioning the project among the most competitively priced offerings in India’s energy transition landscape. The Letter of Award (LoA) from SJVN is currently awaited.

This allocation represents a material step-up in Reliance Power’s strategic pivot toward renewable power. The project is part of a broader 1,200 MW solar + 600 MW / 2,400 MWh BESS ISTSconnected tender floated by SJVN, one of the leading Navratna Public Sector Enterprise which saw participation from 19 entities, with 18 qualifying for the e-reverse auction. The tender was oversubscribed by more than 4 times, reflecting heightened industry interest in dispatchable renewable energy solutions.

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The awarded project requires a minimum four-hour daily discharge window, effectively enabling assured peak power delivery to state distribution utilities(Discoms), and will be developed under a build-own-operate (BOO) framework following the standard bidding guidelines prescribed by the Ministry of Power.

This successful bid underscores Reliance Power’s continued progress and commitment to becoming a leading player in India’s renewable energy sector. It marks a significant milestone in the company’s strategic vision to transition toward cleaner energy sources and play a pivotal role in shaping the country’s sustainable energy future.

Reliance Power’s, 100% subsidiary Reliance NU Suntech Private Limited, has recently signed a definitive 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) to develop Asia’s largest integrated Solar and Battery Energy Storage System (BESS) project.

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The transformational project will have a solar power capacity of 930 MW, paired with 465 MW/1860 MWh BESS, and will have an investment outlay of up to INR 10,000 crore. The project
will operate at a competitive fixed tariff of INR 3.53/ kWh for the full PPA term of 25 years, providing long-term revenue visibility.

Positioned as Asia’s largest Solar + BESS installation, the project reinforces Reliance Power’s strategic commitment to renewable energy leadership, while delivering sustainable value creation across stakeholders.

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