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

To obtain the contracted capability of 930 MW, the venture will deploy greater than 1,700 MWp of put in photo voltaic era capability, the corporate stated.
| Photo Credit: Sunil Kataria

Reliance Power Ltd’s subsidiary, Reliance NU Suntech Private Ltd. stated it has signed a 25-year long-term energy buy settlement (PPA) with the Solar Energy Corporation of India (SECI), a Central Public Sector Enterprise. 

Reliance NU Suntech will develop and fee an built-in photo voltaic and battery power storage system (BESS) venture throughout the subsequent 24 months. The venture entails a capital funding of as much as ₹10,000 crore.

Reliance NU Suntech’s signed Power Purchase Agreement with SECI includes provide of 930 MW of solar energy built-in with 465 MW/1,860 MWh Battery Energy Storage System (BESS), at a aggressive fastened tariff of ₹3.53 per kWh. 

To obtain the contracted capability of 930 MW, the venture will deploy greater than 1,700 MWp of put in photo voltaic era capability, the corporate stated.