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SECI Witnesses 59 Percent Jump in RE Power Trading During FY 2022-23

The revenue from power trading has crossed INR 10,000 crore mark for the first time since its inception.

April 25, 2023. By Anurima Mondal

Solar Energy Corporation of India Limited (SECI) has traded over 35 billion units, a jump of over 59 percent in its renewable energy power trading volume during FY 2022-23 over the previous year. Likewise, the revenue from power trading has crossed INR 10,000 crore mark for the first time since its inception.

Speaking on the achievement, Suman Sharma, Managing Director, SECI said, “India is witnessing an energy transition towards sustainable sources at an unprecedented pace and SECI is striving hard to have the maximum contribution in nation’s journey towards 500 GW of non-fossil fuel by 2030, as announced by Honourable Prime Minister. Entire team of employees and management of SECI is tirelessly working towards this goal.”

Incorporated in the year 2011, SECI is the primary implementing agency of the Ministry of New and Renewable Energy for renewable energy schemes and projects towards fulfilment of India's international commitments.

Till date, SECI has awarded renewable energy project capacities of over 56 GW. SECI is also active in setting up of projects through its own investments as well as for other public sector entities as Project Management Consultant (PMC). SECI enjoys highest credit rating of AAA by ICRA.

Earlier this month, SECI was accorded the status of Miniratna Category-I Central Public Sector Enterprise (CPSE).

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solar energy solutions

Renewable energy power trading

Solar in India

Ministry of New and Renewable Energy