Andhra Government to purchase 7,000 MW solar electricity from SECI
POWER & RENEWABLE ENERGY

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

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

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

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?