SECI Crosses 50 GW in Power Sale Agreements
The latest PSAs signed stands at 50,292.64 MW now, positioning SECI as an Intermediary Procurer. It has signed a PSA of 690 MW wind power and 500 MW solar power with UPPCL and TANGEDCO respectively.
October 23, 2023. By Anurima Mondal
SECI has signed a PSA of 690 MW wind power and 500 MW solar power (under ISTS Solar Tranche VIII) with Uttar Pradesh Power Corporation Limited and Tamil Nadu Generation and Distribution Corporation Limited respectively.
The State-run PSU also entered into a much-awaited Power Usage Agreement with Gujarat Urja Vikas Nigam Limited, for 700 MW solar power under CPSU Scheme.
SECI is engaged in promotion and development of various renewable energy (RE) resources, RE-based storage systems, trading of power, R&D and RE-based products like green hydrogen, green ammonia and RE-powered electric vehicles.
One of the nodal agencies for implementation of a number of schemes of the Ministry, SECI has a Category 1 power trading license and is active in this domain through trading of solar, wind, hybrid, RTC and BSESS power from projects set up under the schemes being implemented by it.
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