SECI debars Reliance Power from future tenders for the next three years

Quick Summary:

Since this discrepancy was discovered subsequent to the e-reverse auction, SECI was constrained to annul the tendering process,” SECI’s notice stated.

R-Power had submitted a bank guarantee of Philippines-based FirstRand Bank, which it claimed had an endorsement from a Delhi-based branch of State Bank of India.

In June, SECI issued a request for selection (RfS) for bids on 1 gigawatt (Gw) of solar power with 2 Gw of standalone battery storage.

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Article Details

Category: BusinessFinance

Markets: IndiaPhilippines

Topics: Solar energy corporation SECI action on Reliance Power Reliance Power Ministry of new and renewable energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 15:24:55 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 556 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23460076

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