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SECI debars Reliance Power and subsidiaries from tenders over fake documents

India, News

The Solar Energy Corporation of India (SECI) has barred Reliance Power (R-Power) and its subsidiaries from participating in its tenders for three years, following the submission of a fake document by R-Power for a SECI tender issued in June.  The notice, released on November 6, under the Ministry of New and Renewable Energy (MNRE), specifies that entities, including Reliance NU BESS Limited and other subsidiaries of Reliance Power, are prohibited from SECI tenders until 2027….

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Reliance (Anil Ambani) to develop green energy projects in Bhutan

India, News

Anil Ambani-led Reliance Group has announced plans to collaborate with Druk Holding & Investments Ltd (DHI), the commercial arm of the Royal Government of Bhutan, to develop green energy projects, focusing on solar and hydropower initiatives. The partnership will also explore innovative green technologies to support Bhutan’s net-zero goals. Reliance Group has launched a new flagship company, Reliance Enterprises, jointly promoted by Reliance Infrastructure Ltd and Reliance Power Ltd, to promote investments in Bhutan’s renewable…

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Reliance Power settles Rs 38.72 billion guarantee for VIPL

India, News

Reliance Power Ltd has announced that it had fully settled its Rs 38.72 billion obligation as a guarantor for Vidarbha Industries Power (VIPL). The settlement has resulted in the release of all corporate guarantees, undertakings, and obligations linked to the outstanding debt. As part of the agreement, 100% of VIPL’s shares have been pledged to CFM Asset Reconstruction, relieving Reliance Power of its corporate guarantee commitments. The company also confirmed it is now debt-free with…

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Reliance Power wins 500 MW Battery Energy Storage contract from SECI

India, News

Reliance Power has secured a contract from the Solar Energy Corporation of India (SECI) to establish a 500 MW/1000 MWh Battery Energy Storage System (BESS). Awarded through a tariff-based competitive bidding (TBCB) process, the standalone BESS will operate on a build, own, and operate (BOO) model for ‘on demand’ usage, marking the company’s entry into the renewable energy and storage sector. Reliance Power will oversee the entire project, including land identification, installation, approvals, and interconnection…

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Reliance among four bidders for Jamnagar ISTS project

India, News

Reliance Industries Ltd is one of four bidders shortlisted for the interstate transmission system (ISTS) project in Gujarat, managed by Jamnagar Transmission Ltd. This marks a potential entry for Reliance into interstate power transmission development. Competing alongside seasoned players Adani Energy Solutions Ltd, Power Grid Corporation of India Ltd, and Sterlite Power, the project is seen as a key development in Gujarat’s power infrastructure. The Jamnagar transmission scheme, known as the “Network expansion scheme in…

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Reliance Industries awarded 10-GWh battery storage plant under PLI scheme

India, News

The government has awarded Reliance Industries Limited (RIL) a 10-GWh Advanced Chemistry Cell (ACC) battery storage plant under the Production-Linked Incentive (PLI) scheme, selected through a quality and cost-based selection (QCBS) mechanism. Under the scheme’s terms, RIL has to ensure at least 25 per cent domestic value addition, increasing to 60 per cent within five years, and make a mandatory investment of Rs 2.25 billion per GWh for the committed capacity within two years. According…

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Adani in talks to acquire 600 MW Butibori thermal project from Reliance 

India, News

Adani Power Ltd is in advanced discussions to acquire the 600 MW Butibori thermal power project in Nagpur, previously owned by the now-insolvent Reliance Power Ltd, according to a report by Mint. The deal is expected to be valued between Rs 24 billion and Rs 30 billion, which translates to approximately Rs 4 crore to Rs 5 crore per MW. The Butibori project, operated by Vidarbha Industries Power Ltd, a subsidiary of Reliance Power, has…

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Reliance to commission first solar giga-factory by FY25

India, News

Reliance Industries Ltd plans to commission its first solar giga-factory by the end of the 2024-25 fiscal year as part of its goal to achieve net zero carbon emissions by 2035. The factory will begin with 20 GW of solar photovoltaic (PV) manufacturing and scale up in phases through 2026. Located in Jamnagar, Gujarat, the facility will produce PV modules, cells, wafers, ingots, polysilicon, and glass at a single site. Reliance is also targeting sodium-ion…

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Field Energy acquires 200MW Hartmoor battery storage project in the UK

Global, News

Renewable infrastructure developer Field Energy has acquired the 200MW Hartmoor battery storage project from Clearstone Energy, expanding its 11GW portfolio of battery storage projects across Europe. Located near Hartlepool, County Durham, the Hartmoor facility can store 800MWh of electricity, enough to power 500,000 homes for four hours when fully charged. The Hartmoor project will play a critical role in balancing electricity supply and demand, stabilizing the grid, and supporting the UK’s increasing reliance on renewable…

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Trump nominates Doug Burgum as energy council chair

Global, News

President-elect Donald Trump has nominated North Dakota Governor Doug Burgum as U.S. Secretary of the Interior and chairman of the newly created National Energy Council. Burgum expressed gratitude for the nomination, emphasizing the importance of balancing resource development with environmental stewardship while strengthening relationships with tribal nations, landowners, and energy developers. As chairman of the National Energy Council, Burgum will lead efforts to coordinate federal energy policies, focusing on innovation and the expansion of U.S….