The rise of SECI, the little-known miniratna PSU – Times of India
Solar Energy Corporation of India NEW DELHI: Thirteen-year-old Solar Energy Corporation of India (SECI), the little known miniratna PSU, has seen a massive growth over the last 10 years.From an awarded generation capacity of 0.75 gigawatts (750MW) in 2014-15, it has seen the combined capacity soar to 65.3GW, according to data on its website. Over 60% or more than 40GW was solar energy, where India has seen rapid growth, followed by 16.3GW of wind and the remaining 9-odd GW being hybrid.The model is simple - SECI procures power from "successful developers" who bid for its contracts and sells to power distribution companies through long-term power purchase agreements and power sale agreements. As a result, it traded in some 43,000 million units of power last year. It has also set up its own ...