TAG: "Reliance Power"

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Reliance Power Appoints Neeraj Parakh as Executive Director and CEO

Reliance Power has appointed Neeraj Parakh as its new Executive Director and Chief Executive Officer (CEO), effective January 20,2025. The company’s Board of Directors approved his 3-year term at the role.

Reliance Power | January 21, 2025 | By Mrinmoy Dey |  594

Sasan Power Repays USD 150 Million Debt, Strengthening Reliance Power’s Financial Stability

Sasan Power, a Reliance Power subsidiary, repaid USD 150 million to IIFCL, strengthening its debt coverage, liquidity, and credit rating. This repayment supports Reliance Power’s strategic shift towards renewable energy, with a recent capital raise of INR 1,525 crore enhancing its growth prospects.

Reliance Power | January 02, 2025 | By EI News Network |  733

Reliance Power Expands into Renewables with Reliance NU Energies

Reliance Power unveils Reliance NU Energies to spearhead solar, wind, hybrid systems, and energy storage innovations. Industry leaders Mayank Bansal and Rakesh Swaroop, formerly of ReNew Power, appointed CEO and COO, respectively, to lead the initiative.

Reliance Power | December 11, 2024 | By EI News Network |  859

NREL, Hero, Sembcorp, Blupine and Reliance Power Win SECI’s 2 GW Solar 1 GW/4 GWh BESS Auction

SECI’s Tranche XVII auction for 2,000 MW ISTS-connected solar projects with 1,000 MW/4,000 MWh energy storage systems closes at a tariff of INR 3.52/kWh. NTPC Renewable Energy, Hero Future Energies, Sembcorp Green Infra, Blupine Energy and Reliance Power have emerged as winners.

Reliance Power | December 10, 2024 | By Mrinmoy Dey |  1368

SECI Withdraws Debarment Notice to Reliance Power

Solar Energy Corporation of India (SECI) has lifted the debarment against Reliance Power, enabling the company to participate in future tenders while reserving the right to pursue legal action regarding the alleged submission of fake documents.

Reliance Power | December 04, 2024 | By Mrinmoy Dey |  708

SECI Bars Reliance Power for 3 Years Over Fake Document

SECI has barred Reliance Power Ltd. and its subsidiaries from participating in future tenders for 3 years due to alleged submission of a fraudulent bank guarantee. In response to this, Reliance Power claims it acted in good faith, was victimised by fraud, and has filed a criminal complaint against the third party.

Reliance Power | November 07, 2024 | By EI News Network |  819

Reliance Group Partners with Druk Holding to Develop 1270 MW RE Projects in Bhutan

Reliance Group has partnered with Bhutan’s Druk Holding to jointly develop a 500 MW solar plant and a 770 MW hydropower plant in Bhutan. This marks the largest FDI by a private company in the renewable energy sector in Bhutan.

Reliance Power | October 03, 2024 | By Mrinmoy Dey |  750

JSW Neo Energy and Reliance Power Win SECI’s 1000 MW/2000 MWh BESS Auction

Solar Energy Corporation of India has declared the result of its 1 GW/2 GWh BESS auction. JSW Neo Energy and Reliance Power have won an equal capacity of 500 MW/1000 MWh.

Reliance Power | September 16, 2024 | By Mrinmoy Dey |  1066

Reliance Power Transfers 45 MW Vashpet Wind Project to JSW Renewable Energy

The Wind Power Project, located at Jath, Sangli in Maharashtra, is a key asset engaged in the generation of power using renewable energy sources.

Reliance Power | April 15, 2024 | By Abha Rustagi |  2485

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