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SECI to Supply 600 MW Wind Power to GRIDCO under Power Sale Agreement

The aggregate capacity of 600 MW is likely to be installed by developers based in Gujarat, Karnataka and Maharashtra. Till date, SECI has awarded Renewable Energy project capacity of over 58 GW.

June 12, 2023. By Anurima Mondal

Solar Energy Corporation of India Limited (SECI) has signed a Power Sale Agreement (PSA) with GRIDCO, Government of Odisha under which GRIDCO will purchase 600 MW of wind power from SECI under Tranche – XIII of Inter State Transmission System (ISTS) Connected Wind Power Projects Scheme. Under the ISTS scheme of the Ministry of New & Renewable Energy, power generated from states rich in renewable energy resources could be transmitted to states deficient in renewable energy resources.

The agreement between SECI and GRIDCO was signed in Bhubaneshwar in the presence of N.B. Dhal, Additional Chief Secretary, Department of Energy, Government of Odisha.

Odisha Electricity Regulatory Commission has already given in-principle approval for procurement of 600 MW wind power by GRIDCO. Power is scheduled to be commissioned within 24 months from the date of signing the Power Purchase Agreement (PPA) with Project Developers.

The aggregate capacity of 600 MW is likely to be installed by developers based in Gujarat, Karnataka and Maharashtra.

Till date, SECI has awarded Renewable Energy project capacity of over 58 GW. SECI is also active in setting up of projects through its own investments as well as for other public sector entitites as a Project Management Consultant (PMC). SECI enjoys an ICRA credit rating of AAA.

GRIDCO Limited is presently engaged in bulk purchase and bulk sale of power to the four Distribution Companies inside the State of Odisha and trading of surplus power through traders to promote exchange of power with neighbouring States in the country.

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Wind Power

Solar Energy Corporation of India

Clean energy transition