Wind Power Seci Auction

Adani bribe row: If no takers, bidders can cut tariff suo motu, says SECI

Communication between SECI and some states suggest tariff was lowered by Adani and Azure after it became tough to find buyers at a price considered expensive

Delhi HC stays clean energy agency's ban on Ambani's firm Reliance Power

The Delhi High Court has stayed clean energy agency SECI's decision to bar Anil Ambani group firm Reliance Power Ltd from participating in auctions for three years, the company said on Tuesday. The Solar Energy Corporation of India (SECI) had earlier this month barred Reliance Power and its units from participating in auctions for three years over allegations of submitting a fake bank guarantee to support its bid for a recent battery storage tender. "High Court of Delhi, in its hearing held today, has granted stay on notice of debarment and public notice issued by SECI against the company, including all its subsidiaries except Reliance NU BESS Limited (formerly known as Maharashtra Energy Generation Limited)," the firm said in a stock exchange filing. Reliance NU BESS had submitted a bank guarantee purportedly issued by the FirstRand Bank through its branch supposed to be located in Manila City, Manila, the Philippines. Upon detailed investigation, it was confirmed by the Indian ..

Reliance Power shares drop 5% after it gets debarred from SECI for 3 yrs

Shares of Reliance Power Ltd fell by 5 per cent on Friday as the company and Reliance NU BESS Ltd have been debarred from participating in Solar Energy Corporation of India Ltd (SECI) tenders for three years for allegedly submitting "fake documents". The stock tanked 4.99 per cent to Rs 41.47 -- its lower circuit limit -- on the BSE. On the NSE, shares of the firm dropped 5 per cent to hit the lowest trading permissible limit for the day at Rs 41.58. In a note, SECI said, "Based on the examination of documents submitted by Maharashtra Energy Generation, now known as Reliance NU BESS (for a project), it was discovered that as per the tender requirements, the endorsement of the Bank Guarantee against EMD (issued by a foreign Bank), as submitted by the Bidder, was fake." The issue is related to the RfS issued by SECI for setting up 1000 MW/2000 MWh Standalone BESS Projects under tariff-based competitive bidding. Since the above discrepancy was discovered subsequent to the e-reverse .

SECI major solar power project hits roadblock as bidding goes awry

SECI detected the irregularities only after the bidding was done, forcing it to cancel the tender at an advanced stage

Amp Energy to set up 1 GW capacity under PLI scheme for manufacturing

Amp Energy India on Wednesday said it has bagged 1 GW capacity for integrating cell and module manufacturing under the government's performance-linked incentive (PLI) scheme. Solar Energy Corporation of India Limited (SECI) is a nodal agency of the central government for auctioning renewable energy projects. In a statement, Amp Energy India said subsidiary company AMPIN Solar One has won 1 GW capacity for integrating cell and module manufacturing under tranche II of PLI scheme for integrating cell and module (CM) manufacturing. "SECI declared the winners who would be eligible to receive a total of Rs 139.4 billion under tranche II of the programme to manufacture 39.6 GW of solar modules. Amp Energy India (AMPIN Solar One) has won 1GW for basket 3 (CM) and would be eligible to receive a maximum incentive of Rs 1.4 billion/Rs 140 crore," it said. "Our foray into manufacturing is a strategic move that will enable us to achieve backward integration and enhance our control over the supp

Wind energy has huge potential in India, to cost less by 2026: GWEC

The agency analyses the factors that can reduce the levelised cost of energy over the next few years.

ReNew Power raises $1 billion through ECB for battery-enabled project

Gurgaon-based ReNew Power has raised a $1-billion project loan through external commercial borrowings, tying up with 12 international banks for the finance.

Torrent Power bags Rs 2,600-cr wind energy project in Karnataka from SECI

Torrent Power has bagged a 300 MW wind energy project worth Rs 2,600 crore in Karnataka from Solar Energy Corporation of India (SECI), according to a regulatory filing

Covid-19 crisis: ACME cancels pact to supply power at record low tariff

Files petition with CERC to prevent SECI and Power Grid Corp from encashing bank guarantee and letter of comfort submitted for project

Wind power tariff firms at Rs 2.5/unit in Solar Energy Corporation auction

Wind power tariff is firming up after dropping to all-time low of Rs 2.43 per unit