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 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..