Reliance Power to legally challenge Indian clean energy agency's ban
Reliance Power said on Thursday that it will legally challenge a three-year ban by the country's top renewable energy agency from participating in its clean energy project tenders.
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Solar Energy Corporation of India Limited (SECI) said on Wednesday that it had banned Reliance Power and its units after the state-owned agency found the endorsement of a bank guarantee to be fake while scrutinising a bid for a tender.
The ban comes as Reliance Power, a coal power generator, is looking to expand into the domestic and overseas renewable energy sector.
«The Company and its subsidiaries acted bonafidely and have been a victim of fraud, forgery and cheating conspiracy,» Reliance Power said in a statement.
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