New Delhi: The Solar Energy Corporation of India (SECI) has banned Anil Ambani Company and its subsidiaries and Reliance NU BESS Ltd from participating in the state-owned company’s tenders for three years, dealing a setback to Reliance Power’s green energy plans.
SECI said in a press release on Thursday that the ban was in response to Anil Ambani’s submission of allegedly false documents in a tender issued by SECI in June seeking bids for the establishment of 1,000 MW/2,000 MWh independent BESS projects. Subsequently, the tender process was eventually cancelled.
SECI said that after examining the documents submitted by Maharashtra Energy Power Generation Limited (now known as Reliance NU BESS Ltd), it was found that the bank guarantee endorsement on the earnest money deposit issued by a foreign bank was forged.
“The bidder is a subsidiary of M/s Reliance Power Limited and has leveraged the strength of its parent company to meet the financial qualification requirements. After a detailed examination of the matter, we find that the logical conclusion is that all the commercial and strategic decisions taken Bidder acquisitions are fundamentally driven by the parent company.
Reliance Power did not immediately respond to Mint’s query.
Business Standard reported on November 4 that the tender had been canceled due to false documents submitted by a Reliance Power subsidiary.
This development is important given that SECI is inviting tenders for solar, wind and hybrid power projects from renewable energy companies and is expected to tender 20 GW of projects this financial year and the government has set a target of tendering 50 GW of green power capacity. significance.
Reliance Power has assets in the coal, gas, hydro and renewable energy sectors with a commissioned portfolio of 5,300 MW.
On November 6, Reliance Power subsidiary Rosa Power Supply Company Ltd announced that it had prepaid $Loan of Rs 485 crore to Singaporean lender Varde Partners to achieve zero debt status. In early September, Rosa Power had paid an advance of Rs. 833 crore to Varde Partners.
