SECI pays Rs 4.33 bn to wind, solar developers for power purchase

20 May 2021 CW Team

Solar Energy Corporation of India (SECI) under the Ministry of New and Renewable Energy (MNRE) has paid around Rs 4.33 billion to solar and wind developers for the power purchase in March 2021, according to the nodal agency data.

These expenditures were estimated at 70.5% of the total amount expended by the agency during the month.

SECI spent around Rs 6.13 billion in March to procure solar and wind power, subsidies, reimbursements to developers, duties, and tax reimbursements, between other charges.

The company had paid about Rs 4.08 billion to solar and wind generators in February. The expenses amounted to almost 90% of its disbursements through the month.

Wardha Solar in Maharashtra, Clean Solar in Bhadla, and SB Energy were receiving the most payouts for power purchases in February 2021. Under the viability gap funding program, SECI paid Rs 393 million in terms of subsidies. Under the rooftop solar program in March 2021, the nodal agency expended nearly Rs 201 million as subsidies. Solar Quest Energy, ReNew Solar Energy, and Bosch Ltd were the topmost beneficiaries under the rooftop segment of subsidies.

At the end of March 2021, Distribution Companies (discoms) indebted Rs 120.25 billion to renewable energy generators in overdue payments beyond 283 pending invoices.

Image Source

Also read: SECI extends bid deadline for 50 MW Tamil Nadu solar tender again

Also read: Adani, ReNew, JSW, others invest Rs 1.67 lakh cr in Raj

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..