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May 13,2025

BESS Developer Subsidiary Reliance gets in trouble with the standalone BESS tenders

The trouble of tenders begins with the floating of tender on 26 June, 2024 involved in the development of a 1,000MW/2,000MWh stand-alone battery energy storage system (BESS) under tariff-based competitive bidding. Reliance Power, through its subsidiary Reliance NU BESS, allegedly submitted forged bank guarantees citing the State Bank of India (SBI) as a guarantor.

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