Anil Ambani-led Reliance Infrastructure has secured a Letter of Award (LoA) from NHPC, a Public sector power company, for 390 MW inter state transmission system (ISTS) – connected solar power project coupled with Battery Energy Storage
System (BESS). The project was awarded at a tariff of Rs 3.13 per kWh, placing it among the most competitive offerings in India’s renewable energy landscape.
The tender had drawn strong interest, with 15 entities participating and 14 qualifying for the e-reverse auction. NHPC’s tender was oversubscribed by almost four times, signalling growing demand for dispatchable renewable energy.
Reliance Infra adding 780 MWhr of battery storage capacity
The project will include 700 MWp of solar DC capacity along with 780 MWhr of battery energy storage system (BESS). Once commissioned, it will make Reliance Group the country’s largest integrated player in the solar plus storage segment, with a total portfolio of more than 3 GWp of solar and 3.5 GWhr of storage capacity.
Reliance Infra’s renewable pipeline crosses 3 GW solar, 3.5 GWhr storage
Reliance Power, another listed entity of the Reliance Group, already operates nearly 2.5 GWp of solar capacity and 2.5 GWhr of storage. With this fresh award, the group’s renewable energy pipeline now stands at over 3 GWp of solar and 3.5 GWhr of BESS.
In the regulatory filing, the company said the win marks a major milestone in its strategy to transition towards clean energy. “This successful bid underscores Reliance Group’s continued progress and commitment to becoming a leading player in India’s renewable energy sector,”
Reliance Infrastructure share price
The Shares price of Reliance Infrastructure have seen a significant drop in the past months, declining 29.85 per cent in the previous month.
Reliance Infrastructure is one of India’s largest infrastructure firms with a presence in power, roads, metro rail, defence and utility distribution. Through its subsidiaries and special purpose vehicles, it has executed projects including metro rail in Mumbai and multiple road corridors across the country.