Reliance Power bags 500 MW battery energy storage contract through auction

Reliance Power on Monday announced that it has secured a battery storage contract of 500 MW through the e-reverse auction (eRA) conducted by the Solar Energy Corporation of India (SECI).

The auction, held on September 11, 2024, is part of SECI's initiative to enhance energy storage capabilities across the country.

The contract involves the installation of a total of 1,000 MW of standalone BESS units, awarded on a build-own-operate (BOO) model for "On Demand" usage under a tariff-based competitive bidding process.

Reliance Power has secured 500 MW MWh of this capacity, marking a significant entry into the renewable energy and storage sector, a company spokesperson said.

The competitive bidding saw Reliance Power submitting a tariff bid of Rs 3.81999 lakh/MW/month.

This new tariff benchmark represents one of the lowest rates for BESS tenders at the 400 KV level in India to date.

The delivery point for the project shall be 400 kV Fatehgarh(ATL) PS, Rajasthan. The scheduled commissio