In a stock exchange filing later today, Reliance Power said it will take all legal steps to challenge SECI’s action that bars the company from participation in future government tenders for three years.
Reliance Power and its arm have been barred by SECI from participating in government tenders for three years after submitting what SECI described as “fake” financial documents as part of a SECI battery energy storage tender. Reliance Power’s arm Reliance NU BESS had bid for a slice of a tender for 1 GW/2 GWh of standalone battery energy storage systems (BESS), under the name Maharashtra Energy Generation Ltd.
In its notice for three-year ban, SECI gave the reason that while submitting a bid to SECI, Reliance NU BESS [Maharashtra Energy Generation Ltd] had submitted fake endorsement of the bank guarantee against earnest money deposit.
In a stock exchange filing later in the day, Reliance Power said that the bank endorsement was arranged by a third party. “The Company and its subsidiaries acted bonafidely and have been a victim of fraud, forgery and cheating conspiracy [by the third party],” it stated.
The company said it had already lodged a criminal complaint with the economic offence wing of the Delhi Police against the third party on Oct. 16, 2024.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.