Reliance Power shares hit a 5% upper circuit following its subsidiary, Reliance NU Suntech Private Limited, securing a landmark project to develop a 930 MW solar energy plant integrated with a 1,860 MWh Battery Energy Storage System (BESS). The project, awarded by the Solar Energy Corporation of India (SECI) during an e-reverse auction on December 9, 2024, establishes Reliance NU Suntech as the largest individual awardee in SECI’s Tranche XVII auction.
Key Highlights:
- Project Size: 930 MW solar power + 1,860 MWh BESS.
- Winning Tariff: ₹3.53/kWh.
- Duration: 25-year Power Purchase Agreement (PPA) with SECI.
- Daily Supply: 4-hour peak power to India’s Inter-State Transmission System (ISTS).
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