Reliance Power secured a 500 MW Battery Storage contract through SECI's e-reverse auction on September 11, 2024. This contract, part of SECI's Energy Storage Initiative, involves installing 1,000 MW of BESS units on a build-own-operate model. Reliance Power's bid of Rs 3.82 lakh/MW/month sets a new tariff benchmark, enhancing competition and efficiency in India’s Renewable Energy Sector.
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