Reliance Power's wholly-owned subsidiary, Reliance NU Energies, has secured the largest allocation in a competitive bidding round floated by SJVN.

The tender, aimed at expanding inter-state transmission system (ISTS)-connected solar and battery energy storage systems (BESS), witnessed Reliance NU Energies winning 350 MW of solar capacity coupled with 175 MW/700 MWh of BESS. This integrated project, among the largest of its kind, was awarded at a discovered tariff of Rs 3.33/kWh, fixed for 25 years. It requires a minimum four-hour discharge period each day to ensure dependable peak-hour supply to state distribution companies and will be developed under the build-own-operate model as per Ministry of Power norms.

BC Jindal Group’s renewable energy subsidiary, Jindal India Renewable Energy (JIRE), has also secured a 300-MW solar-plus-storage project from SJVN, tender, which includes up to 600 MW/2400 MW of battery energy storage systems (BESS). The project was awarded at a tariff of Rs 3.32/kWh the work is to be completed within 24 months of signing the power purchase agreement (PPA). 

As per contract conditions, JIRE is required to install an energy storage system (ESS) of at least 0.5 MW/2 MWh for every one MW of contracted capacity. The project, part of a 1,200 MW solar and 600 MW/2,400 MWh BESS scheme, drew strong interest from the sector, with 19 companies bidding and 18 qualifying for the reverse e-auction.