Andhra Government to purchase 7,000 MW solar electricity from SECI

03 May 2022 CW Team

The Andhra Pradesh government has decided to purchase 7,000 MW of solar electricity from the Solar Energy Corporation of India (SECI) for 2.49 per unit against the current market exchange price of 12-16 as part of its long-term planning, enduring the coal problem and future energy demands.

The SECI will begin providing 3,000 MW in the first phase in September 2024, 3,000 MW in the second phase in September 2025, and 1,000 MW in the third tranche in September 2026.

Peddireddi Ramachandra Reddy, state Energy Minister, told the media that the state government has opted to purchase power from SECI at a more cost-effective rate compared to market pricing.

Reddy said that this is to ensure that the agriculture industry, economy's backbone, has access to power.

He said that their ultimate goal is to deliver reliable electricity 24 hours a day, seven days a week. Simultaneously, the state would boost the electricity sector for the state's overall economic growth.

The expense of obtaining this power will be met by the state government, thus there will be no hardship on discoms.

If the project is located outside of the state, Andhra Pradesh will not be responsible for the costs of power evacuation, substation network construction, and so on.

SECI is a firm of the Ministry of New and Renewable Energy, Government of India. It is set up to enable the execution of the National Solar Mission.

Image Source

Also read: SECI floats tender for Standalone Battery Energy Storage System

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..