SECI to supply almost 1.3 GW of clean power through deals signed in the last four weeks

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The Solar Energy Corporation of India (SECI) has signed deals to supply almost 1.3 GW of renewable energy in just four weeks after yesterday signing a contract to sell 680 MW of clean power to Rajasthan Urja Vikas Nigam Limited.

The national solar power agency announced the latest agreement on its Twitter account, having signed a 150 MW supply deal related to the Rihand Dam floating solar project last week. Renew Solar Power Private Limited will generate 100 MW and Shapoorji Pallonji Infrastructure Private Limited 50 MW from the Rs750 crore project, which is set to be operational in June 2021. UP Power Corp will be offtaker for the power, paying Rs3.36/kWh under a 25-year agreement.

In the same week, SECI signed a 100 MW wind power supply deal with the Kerala State Electricity Board Limited.

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A recent 40 MW wind power supply agreement signed with the Chandigarh administration marked the first time the union territory had signed a power deal with SECI and the corporation also signed two power supply deals with the Grid Corporation of Odisha in New Delhi on August 22. One was for 200 MW of solar electricity and another for 50 MW of wind.

The federal body also recently inked a contract to supply 50 MW of wind power to Goa.

In a separate development, minister for power and new and renewable energy Raj Kumar Singh tweeted a new tariff policy could be in the offing.

“New tariff policy is coming soon,” wrote the minister on his social media account. “As per this policy, everyone will get 24×7 power supply. If any power cut happens, [the relevant] power distribution company will be fined and this fine money will go into the account of affected consumers.”