ANIET Year-end Special Reads
The competitive tariff with an assured supply of peak power for 4 hours daily will be a relief for DISCOMs that have had to consistently buy power from the power exchanges during peak hours at the cap of Rs 10 per unit.
Reliance NU Suntech won the 930 MW solar energy contract in an e-reverse auction held on December 9, 2024.
As per the terms of the tender, Reliance NU Suntech will also install a minimum storage capacity of 465 MW/1,860 MWh charged by solar power.
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The company, among India's leading power generators, secured the largest individual allocation out of the five companies vying for a total quoted capacity of 2,000 MW of Inter State Transmission System (ISTS) connected solar power projects with 1,000 MW/4,000 MWh energy storage systems.
SECI will enter into a power purchase agreement with Reliance NU Suntech for 25 years and the solar power procured will be sold to multiple discoms in India. Reliance NU Suntech will develop the project on a build-own-operate basis.
Reliance Power Limited, part of the Reliance Group, is one of India's leading private sector power generation companies.
The company has an operating portfolio of 5,300 MW, which includes 3,960 MW Sasan Power Ltd - the world's largest integrated coal-based power plant).
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