Reliance Power arm signs 25-year long-term PPA with SECI


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.

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.
| Photo Credit: Sunil Kataria

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.



Source link

  • Related Posts

    Lupin, China’s SUP ink pact for COPD drug Tiotropium DPI

    Lupin has signed a license and supply agreement with Sino Universal Pharmaceuticals (SUP) for commercialisation of chronic obstructive pulmonary disease drug Tiotropium Dry Powder Inhaler, 18 mcg/capsule, in the Chinese…

    Continue reading
    India to export 150 locomotives to Africa worth over ₹3,000 crore

    “These locomotives are fitted with Distributed Power Wireless Control System, or DPWCS, for synchronised operations and superior freight handling,” a Railways Ministry spokesperson said. Photo: https://www.wabteccorp.com/ India will supply 150…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *