SECI Current Affairs

CCEA approves doubling of solar power capacity to 40000 MW

The Cabinet Committee on Economic Affairs (CCEA) has approved the enhancement of capacity from 20,000 MW to 40,000 MW of the Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects.

The capacity of the solar park scheme was enhanced after considering the demand for additional solar parks from the States.

Key Facts
  • The enhanced capacity will ensure setting up of at least 50 solar parks each with a capacity of 500 MW and above in various parts of the country. All the States/UTs are eligible for benefits under the scheme.
  • Under this scheme, smaller parks will also be considered in Himalayan and other hilly States where contiguous land may be difficult to acquire in view of the difficult terrain.
  • The Solar Parks and Ultra Mega Solar Power Projects will be set up by 2019-20 with Union Government’s financial support of 8100 crore rupees.
  • These plants after becoming operational will generate total 64 billion units of clean electricity per year. It will lead to abatement of around 55 million tonnes of CO2 per year over its life cycle.
  • It will also contribute to long term energy security of the country and promote ecologically sustainable growth by reduction in carbon emissions and carbon footprint.
  • It will also generate large direct and indirect employment opportunities in solar and allied industries like heavy industrial equipment, glass, metals etc.
  • The solar parks will also provide productive use of abundant uncultivable lands which in turn facilitate development of the surrounding areas.
  • Under the scheme, solar parks will be developed in collaboration with States/UTs. The States/UTs are required to select the Solar Power Park Developer (SPPD) for developing and maintaining the solar parks.
  • Solar Energy Corporation India (SECI) will administer the scheme under the direction of Ministry of New and Renewable Energy (MNRE). SECI will release the approved grant.

About SECI

SECI is a not-for-profit company established in 2011 under Section-25 of the Companies Act 1956. It is a facilitation and implementation institution dedicated to Solar Energy sector under the aegis of Union Ministry of New and Renewable Energy.

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Union Cabinet gives nod to rename SECI as Renewable Energy Corporation of India

Union Cabinet has given nod to rename Solar Energy Corporation of India (SECI) as the Renewable Energy Corporation of India (RECI).

Apart from this decision, Union Cabinet also gave approval to SECI to convert into Section 3 Company by applying to the Registrar of Companies (ROC) from a Section 8 Company under the Companies Act, 2013.

This decision will help SECI or renamed entity RECI

  • To be a self-sustaining and self-generating organisation.
  • Engage in owning solar power plants for generating and selling power.
  • Engage in various other segments of solar sector activities including manufacturing of solar products and materials.

Background

This decision was taken after Union Government had decided to enlarge the scope of SECI to cover all renewable energy sources. It was decided in order to provide optimized and comprehensive solutions for generation of renewable energy and integrating various renewable energy sources.

About Solar Energy Corporation of India (SECI)

  • SECI is a not-for-profit company under Section-25 of the Companies Act 1956.
  • Established: 2011 as a facilitation and implementation institution dedicated to Solar Energy sector.
  • Operates under: the aegis of Union Ministry of New and Renewable Energy,
  • Objective: To develop Solar Technologies and ensuring inclusive solar power development throughout India.
  • Functions: Facilitate implementation of Jawaharlal Nehru National Solar Mission (JNNSM) and achieve the targets set therein.

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