Reliance Industries Limited has issued an expression of interest for the procurement of renewable energy under a short-term basis from April 1, 2019, to March 31, 2020.
The company intends to procure 55 MW of solar power and 90 MW from other renewable power sources for its various industries in Gujarat and Maharashtra.
The last date for the submission of bids is March 25, 2019.
According to the EoI document- “Successful bidder will be responsible for getting all the requisite open access permissions as per the latest open access guidelines and will be responsible for day to day scheduling of the energy.”
Recently, Mercom reported that in a Bombay Stock Exchange (BSE) filing, Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly-owned subsidiary of Reliance Industries Limited, announced that it has entered into a binding agreement with Kanoda Energy Systems Private Limited (KESL) for the acquisition of equity shares for a cash consideration not exceeding ₹750 million (~$10.8 million).
In January 2019, Vedanta Limited, a diversified natural resources company, had invited Expression of Interest for the procurement of solar power under short or medium term basis from solar power generators, state electricity boards, and utilities, independent power producers and traders.
In December 2018, Mumbai Metro One, promoted by Reliance Infrastructure, commissioned a 612-kW rooftop solar power installation at its D.N. Nagar depot, located in Andheri West.
In May 2018, Reliance Energy announced that the company had commissioned Mumbai’s first Bharat EV protocol compliant DC fast charging station on the company’s premises for its fleet of vehicles.
In October 2017, the Indian Renewable Energy Development Agency provided a loan to the tune of ₹3 billion (~$45.7 million) to Reliance Money, a brand by Reliance Commercial Finance Limited, a subsidiary of Reliance Capital Limited, for renewable energy and energy efficiency projects.