Reliance Power arm signs 25-year long-term PPA with SECI
The Hindu
Reliance NU Suntech signs 25-year PPA with SECI for 930 MW solar power and BESS project.
Reliance Power Ltd’s subsidiary, Reliance NU Suntech Private Ltd. said it has signed a 25-year long-term power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI), a Central Public Sector Enterprise.
Reliance NU Suntech will develop and commission an integrated solar and battery energy storage system (BESS) project within the next 24 months. The project entails a capital investment of up to ₹10,000 crore.
Reliance NU Suntech’s signed Power Purchase Agreement with SECI comprises supply of 930 MW of solar power integrated with 465 MW/1,860 MWh Battery Energy Storage System (BESS), at a competitive fixed tariff of ₹3.53 per kWh.
To achieve the contracted capacity of 930 MW, the project will deploy more than 1,700 MWp of installed solar generation capacity, the company said.
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