SECI crosses milestone of signing Power Sale Agreements
SECI is also marching on the path of power trading, touching new heights as the largest renewable energy trader in the country.
![SECI crosses milestone of signing Power Sale Agreements](https://www.psuconnect.in/sdsdsd/seci_crosses_milestone_of_signing_power_sale_agreements.jpg)
New Delhi: Solar Energy Corporation of India (SECI), a Miniratna Category-I Central Public Sector Enterprise under the Ministry of New & Renewable Energy, has today surpassed the milestone of 50 GW aggregate capacity of agreements signed under Power Sale Agreements (PSAs). The latest quantum of PSAs signed stands at 50,292.64 MW now, where SECI is the trader as an Intermediary Procurer.
Recently, SECI signed a PSA of 690 MW Wind Power with Uttar Pradesh Power Corporation Limited and PSAs of 500 MW Solar Power under ISTS Solar Tranche VIII with Tamil Nadu Generation and Distribution Corporation Limited. SECI also entered into a much-awaited Power Usage Agreement with Gujarat Urja Vikas Nigam Limited, for 700 MW Solar Power under CPSU Scheme.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYSECI is also marching on the path of power trading, touching new heights as the largest renewable energy trader in the country.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsSolar Energy Corporation of India Limited (SECI) is engaged in promotion and development of various renewable energy (RE) resources, especially solar energy, wind energy, RE-based storage systems, trading of power, R&D as well as renewable energy RE-based products like green hydrogen, green ammonia and RE-powered electric vehicles.
The company is one of the nodal agencies for implementation of a number of schemes of the Ministry of New & Renewable Energy. The company 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.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh