India's clean energy agency withdraws ban on Reliance Power after court directive

India’s top renewable energy agency said on Tuesday it withdrew its ban prohibiting Reliance Power from participating in tenders for clean energy projects after a court directive.

Last month, the Solar Energy Corporation of India (SECI) had barred Reliance Power from bidding for its tenders for three years and was weighing criminal proceedings against the company after a bank guarantee turned out to be a fake endorsement.

The High Court of Delhi had granted a stay last week on the notice of debarment after the Anil Ambani-owned company challenged the ban, saying it was a victim of ”fraud, forgery and cheating conspiracy”.

Reliance Power, a coal power producer, aims to expand in the domestic and overseas renewable energy sector and the ban withdrawal removes a key overhang.