India, Nov. 11 -- Reliance Power Limited's wholly owned subsidiary, Reliance NU Energies Pvt. Ltd., has received the Letter of Award (LoA) for securing the largest allocation in the 1,500 MW / 6,000 MWh Firm and Dispatchable Renewable Energy (FDRE) ISTS tender issued by SJVN Limited, a Navratna PSU.
Reliance NU Energies bagged 750 MW / 3,000 MWh capacity — the biggest share under the tender — at a tariff of Rs 6.74 per kWh, setting a new benchmark in India's renewable energy market. The tender, oversubscribed 3.3 times with participation from 14 qualified bidders, marks a major leap toward round-the-clock renewable power supply through hybrid and storage-based systems.
With this win, the Reliance Group has solidified its posit...