Reliance Power has entered the renewable energy and storage sector as it has bagged a tender from the Solar Energy Corporation of India (SECI) to set up a 500 MW/1000 MWh battery energy storage system (BESS). This project was awarded through SECI’s e-Reverse Auction (eRA), held on September 11, according to sources familiar with the development.
The overall contract involves setting up 1,000 MW/2,000 MWh of standalone BESS units, awarded on a build, own, and operate (BOO) basis, designed for “on-demand” usage under a tariff-based competitive bidding process. Reliance Power won half of the total capacity, securing 500 MW/1000 MWh, while the remaining 500 MW/1000 MWh was awarded to a subsidiary of JSW Energy, the sources added.
Reliance Power’s bid of ₹3.81999 lakh/MW/month has set a new benchmark as one of the lowest tariffs for BESS tenders at the 400 KV level in India. A spokesperson for Reliance Power confirmed their participation and success in the bid, though JSW Energy was unavailable for comment.
The auction is part of SECI’s initiative to enhance energy storage capabilities across the country.
The delivery point for the project is set at the 400 kV Fatehgarh (ATL) PS, Rajasthan, with the full capacity scheduled to be commissioned within 24 months from the effective date of the Battery Energy Storage Purchase Agreement (BESPA).
The eRA process was held on September 9, for which the bids were closed on August 12, included participation from several key industry players.
Battery storage systems are picking up as renewable energy sources are intermittent, meaning they cannot produce power consistently. Tata Power, JSW Energy, Adani group have been focusing on this segment.
From: financialexpress
Financial News
