About Solar Energy Corporation of India Limited (SECI)

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Overview:

The Solar Energy Corporation of India (SECI) recently invited bids for developing more than 4 gigawatt (GW) of renewable energy, including wind power.

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.

 


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