Anil Ambani scores major victory as SECI withdraws debarment notice to..

Reliance Power said in a press release that the company and its subsidiaries Reliance NU BESS Limited are eligible to participate in all tenders issued by SECI. 

Reliance Power on Tuesday said that Solar Energy Corporation of India Limited (SECI)’s debarment notice issued to the company has been withdrawn with immediate effect. The SECI notified the same, stating that the action of withdrawal is without prejudice. 

Reliance Power said in a press release that the company and its subsidiaries Reliance NU BESS Limited are eligible to participate in all tenders issued by SECI. 

On November 26, the Delhi High Court stayed clean energy agency SECI’s decision to bar Anil Ambani group firm Reliance Power Ltd from participating in auctions for three years.

The Solar Energy Corporation of India (SECI) had barred Reliance Power and its units from participating in auctions for three years over allegations of submitting a fake bank guarantee to support its bid for a recent battery storage tender.

“High Court of Delhi, in its hearing held today, has granted stay on notice of debarment and public notice issued by SECI against the company, including all its subsidiaries except Reliance NU BESS Limited (formerly known as Maharashtra Energy Generation Limited),” the firm said in a stock exchange filing.




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