Reliance Power Limited's wholly owned subsidiary, Reliance NU Energies Private Limited, has secured the largest allocation in SJVN Limited's groundbreaking 1500 MW/6000 MWh Firm and Dispatchable Renewable Energy (FDRE) ISTS tender. The company received a Letter of Award (LOA) on November 10, 2025, for MW 750 MW/3,000 MWh capacity, representing 50% of the total tender allocation, at a tariff of INR 6.74 per kWh.

Record-Breaking Tender Win

Reliance NU Energies emerged as the largest winner in what the company describes as the first-of-its-kind FDRE ISTS tender issued by SJVN Limited, a leading Navratna enterprise. The competitive bidding process saw significant industry participation, with the tender oversubscribed 3.3 times and 14 bidders qualifying for the reverse online auction.

The project will feature an installed capacity of 900 MWp of solar power integrated with over 3,000 MWh of Battery Energy Storage System (BESS). This hybrid configuration is designed to supply dispatchable renewable peaking power to DISCOMs across the country, marking what the company calls a pioneering step in India's energy transition.

Reliance Group's Market Leadership

With this latest win, the Reliance Group has positioned itself as India's largest player in the Solar and Battery Energy Storage System segment. The group now maintains a cumulative portfolio exceeding 4 GWp of solar and 6.5 GWh of BESS capacity across four tenders with Navratna enterprises, all secured within a 10-month timeframe. This achievement demonstrates the group's rapid execution capabilities and commitment to India's energy transition and decarbonization goals.

The SJVN FDRE tender represents the first structured initiative to supply renewable peaking power to DISCOMs nationwide, serving as a key enabler in achieving India's renewable energy targets.

Strategic Market Impact

The landmark FDRE tender represents a major advancement toward enabling round-the-clock renewable power supply through hybrid and storage-based energy solutions. Reliance NU Energies secured its capacity at a competitive tariff of INR 6.74 per kWh, which the company states sets a new benchmark in India's evolving renewable energy market. The project reinforces Reliance Power's strategic commitment to renewable energy leadership while ensuring sustainable value creation across stakeholders.

According to the company's disclosure, this marks a significant milestone in its long-term vision to transition to cleaner energy sources and to play a pivotal role in shaping India's sustainable energy future.

Company Background

Reliance Power Limited, part of the Reliance Group, is one of India's leading private-sector power generation companies. The company maintains an operating portfolio of 5,305 megawatts, including the 3,960 megawatts of Sasan Power Limited, described as the world's largest integrated coal-based power plant. For the past 7 years, Sasan Power has consistently ranked as the best-operating power plant in India.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Company Secretary Ramandeep Kaur on November 11, 2025.

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