About Solar Energy Corporation of India Limited (SECI)

About Solar Energy Corporation of India Limited (SECI)

 

• SECI is a Central Public Sector Undertaking (CPSU) under the administrative control of the Ministry of New and Renewable Energy (MNRE).
• It was set up on 20th September 2011 to facilitate the implementation of the National Solar Mission (NSM) and the achievement of targets set therein.
• It is the only CPSU dedicated to the renewable energy sector.
• Vision: To build ‘Green India’ through harnessing abundant solar radiation and to achieve energy security for the country.
• Mission:
  • To become the leader in the development of large-scale solar installations, solar plants and solar parks and to promote and commercialize the use of solar energy to reach the remotest corner of India.
  • To become a leader in exploring new technologies and their deployment to harness solar energy.
• It was originally incorporated as a section-25 (not-for-profit) company under the Companies Act, 1956.
• However, through an amendment by the Government of India, the company was converted into a Section-3 company, in 2015, under the Companies Act, 2013.
• The mandate of the company has also been broadened to cover the entire renewable energy domain.
• The company is one of the nodal agencies for the implementation of a number of schemes of MNRE. In addition, SECI has ventured into solar project development on a turnkey basis for several PSUs/Government departments.
• The company also has a power trading license and is active in this domain through trading of solar power from projects set up under the schemes being implemented by it.

 

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Q1) What is the National Solar Mission (NSM)?

The National Solar Mission (NSM) was launched on 11th January, 2010. NSM is a major initiative of the Government of India with active participation from States to promote ecological sustainable growth while addressing India’s energy security challenges. It will also constitute a major contribution by India to the global effort to meet the challenges of climate change. The Mission’s objective is to establish India as a global leader in solar energy by creating the policy conditions for solar technology diffusion across the country as quickly as possible. The Mission targets installing 100 GW grid-connected solar power plants by the year 2022.

Source: SECI invites bids for 4 GW renewable energy power