Fri Nov 08 02:05:22 UTC 2024: ## Reliance Power Banned From Solar Tenders for Three Years
**New Delhi:** Reliance Power Ltd., owned by Anil Ambani, and its subsidiaries have been barred from participating in solar energy tenders for the next three years. This decision was made by the Solar Energy Corporation of India Ltd. (SECI) following the discovery of fake bank guarantees submitted by the company.
According to NDTV, SECI found that Reliance Power had submitted forged bank guarantees to secure contracts in solar energy projects. This move by SECI signifies a serious crackdown on fraudulent practices in the renewable energy sector. The ban will impact the company’s future participation in solar energy projects in India.
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