Reliance Power Subsidiary Wins Largest Allocation in 1500 MW FDRE ISTS Tender by SJVN Limited
Reliance Power Limited's wholly-owned subsidiary, Reliance NU Energies Private Limited, has emerged as the largest winner in the first-of-its-kind 1500 MW / 6000 MWh Firm and Dispatchable Renewable Energy (FDRE) ISTS tender issued by SJVN Limited, a leading Navratna enterprise. Reliance NU Energies secured a capacity of 750 MW / 3,000 MWh, representing the largest single share of allocation under the tender. 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 project will supply dispatchable renewable peaking power to DISCOMs from a hybrid configuration comprising nearly 900 MWp of solar generation coupled with over 3,000 MWh of BESS capacity. Reliance NU Energies secured this capacity at a competitive tariff of ¥6.74 per kWh, setting a new benchmark in India’s evolving renewable energy market.
Key Highlights
- Reliance NU Energies secured 750 MW / 3000 MWh, representing 50% of total tender allocation in a competitive bid online auction process.
- Reliance Group emerges as India’s largest player in Solar + Battery Energy Storage System (BESS) with 4 GWp solar + 6.5 GWh BESS capacity across 4 tenders with Navratna Enterprises.
- The project will feature an installed capacity of 900 MWp of solar power integrated with over 3,000 MWh of BESS.
- Reliance NU Energies has successfully secured a tariff of Rs 6.74 per KWh through a competitive bidding online auction process.
- The project will supply dispatchable renewable peaking power to DISCOMs from a hybrid configuration comprising nearly 900 MWp of solar generation coupled with over 3,000 MWh of BESS capacity.