Anil Ambani’s Reliance Power debarred from participating in SECI’s tenders for three years

Solar Energy Corp of India (SECI) has debarred Reliance Power and its arm Reliance NU BESS from participating in its future tenders until three years from the issuance of the debarment notice.

The debarment follows the submission of a fake document by Maharashtra Energy Generation Ltd (the ‘bidder’), now known as Reliance NU BESS Ltd, in response to SECI’s tender for setting up 1 GW/2 GWh standalone battery energy storage (BESS) projects under tariff based competitive bidding.

“Upon the examination of documents submitted by Maharashtra Energy Generation Ltd (the “bidder”), now known as Reliance NU BESS Ltd, under the above RfS, it was discovered that as per the tender requirements, the endorsement of the Bank Guarantee against earnest money deposit (issued by a foreign Bank), as submitted by the bidder, was fake. Since the above discrepancy was discovered subsequent to the e-Reverse Auction, SECI was constrained to annul the tendering process,” stated SECI.

As per the tender conditions, the above submission of a fake document in response to the RfS rendered Reliance NU BESS Ltd eligible for debarment from future tenders issued by SECI.

The bidder, being a subsidiary of Reliance Power Ltd, had met the financial qualification requirements using the strength of its parent company. Upon detailed examination of the matter, SECI concluded that all the commercial and strategic decisions undertaken by the bidder were fundamentally driven by the parent company. Thus, SECI debarred the parent company, i.e., Reliance Power Ltd, from participating in its future tenders.

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