SECI's power trading volume jumps over 59% in FY23; revenue crosses Rs10,000 cr
02 May 2023
Solar Energy Corporation of India Limited (SECI) has traded over 35 billion units (BU) of renewable power, a jump of over 59 per cent in trading volume during FY 2022-23 over the previous year. Revenue from power trading also crossed Rs10,000 crore for the first time since its inception.
“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 the prime minister. Entire team of employees and management of SECI is tirelessly working towards this goal,” Suman Sharma, MD, said.
Solar Energy Corporation of India Limited is a Miniratna Category-I central public sector enterprise (CPSE) incorporated in the year 2011. It is the primary implementing agency of the ministry of new and renewable energy for renewable energy schemes/projects towards fulfillment 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 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.