Reliance Power subsidiary wins 750 MW FDRE project from SJVN

Reliance Power Limited’s wholly-owned subsidiary, Reliance NU Energies Private Limited, has received a Letter of Award from SJVN Limited for a 750 MW / 3,000 MWh Firm and Dispatchable Renewable Energy (FDRE) project. The award, issued on November 10, 2025, marks the largest single allocation under SJVN’s 1,500 MW / 6,000 MWh FDRE tender.

The project was secured through a competitive online auction and will integrate around 900 MWp of solar capacity with over 3,000 MWh of Battery Energy Storage System (BESS). The tariff for the dispatchable power has been set at ₹6.74 per kWh.

With this award, the Reliance Group’s renewable portfolio now exceeds 4 GWp of solar and 6.5 GWh of BESS capacity across four tenders won in the past ten months.

Reliance NU Energies has also undergone key leadership changes, with Chief Executive Officer Mayank Bansal and Chief Operating Officer Rakesh Swaroop stepping down less than a year after the company’s formation in December 2024.