Reliance Power: Reliance NU Energies Pvt Ltd, a subsidiary of Anil Ambani-led company Reliance Power, has achieved a big success. Actually, the company has received an order from SJVN Limited. The company said that it has received an order of 750 MW/3000 MWh under the Firm and Dispatchable Renewable Energy (FDRE) scheme on November 10, which is 50 percent of the tender allotment.
The tender was oversubscribed 3.3 times, which shows the interest of companies in renewable energy projects. The objective of this project is to generate renewable energy 24 hours with the help of hybrid and storage based solutions. Let us tell you that in this e-auction, Reliance NU Energies emerged as the biggest winner with a minimum tariff of Rs 6.74 per kilowatt hour.
Relief to Anil Ambani
After this deal, Reliance Group has emerged as the largest player in the solar-plus-storage segment. The company currently has four tenders, work on which is going on. Its total capacity is more than 4 gigawatt per hour (GWp) of solar energy and 6.5 gigawatt per hour (BESS). The company has achieved this milestone in less than a year. For Anil Ambani, who is facing difficulties in money laundering and loan fraud cases, this news is no less than a relief that his company is continuously moving forward in the renewable energy segment.
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