India’s Reliance Power, a subsidiary of the Reliance Group, has announced that it will legally challenge a three-year ban by state-owned Solar Energy Corporation of India Limited (SECI) from participating in its clean energy project tenders. According to SECI, Reliance Power, a coal power generator, was banned after its endorsement of a bank guarantee was found to be fake. However, Reliance Power has defended itself by saying it’s simply a victim of fraud. “The Company and its subsidiaries acted bonafidely and have been a victim of…
