NEW DELHI: The Delhi High Court on Tuesday stayed the Solar Energy Corporation of India’s (SECI) decision to bar Reliance Power Ltd, part of the Anil Ambani group, from participating in auctions for three years. However, Reliance Power has denied the accusations, claiming it was a victim of fraud and forgery. SECI, a body under the Ministry of New and Renewable Energy (MNRE), had earlier issued a notice barring all Reliance Power subsidiaries from participating in its tenders. In June, SECI issued a Request for Selection (RfS) for bids related to 1 GW of solar power and 2 GW of standalone battery storage. Reliance Power, through its subsidiary Maharashtra Energy Generation Limited, was one of the successful bidders, quoting one of the lowest rates for battery storage—Rs 3.81 per unit.

Source: Indian Express November 26, 2024 16:15 UTC