SECI Secures Rs 10 Billion Term Loan for 300 MW Solar Project
POWER & RENEWABLE ENERGY

SECI Secures Rs 10 Billion Term Loan for 300 MW Solar Project

The Solar Energy Corporation of India (SECI) has successfully secured a substantial term loan of Rs 10 billion for the expansion of a 300 MW solar project, signalling a major push towards the augmentation of India's renewable energy capacity. The funding is earmarked to facilitate the development, construction, and integration of additional solar infrastructure, contributing to the country's commitment to sustainable and clean energy sources.

This financial milestone underscores SECI's strategic efforts to accelerate the growth of solar power projects in India. The 300 MW expansion is poised to make a meaningful impact on the nation's energy landscape, fostering increased reliance on eco-friendly alternatives while reducing the carbon footprint.

The term loan infusion is expected to play a crucial role in expediting the timeline for the completion of the solar project, ensuring its timely integration into the power grid. With India's growing emphasis on renewable energy as a key component of its energy portfolio, SECI's initiative aligns with the national agenda of achieving ambitious renewable energy targets.

As SECI propels forward with this substantial term loan, the 300 MW solar project expansion stands as a testament to India's commitment to sustainable energy solutions and marks a noteworthy step towards a cleaner and greener future.

The Solar Energy Corporation of India (SECI) has successfully secured a substantial term loan of Rs 10 billion for the expansion of a 300 MW solar project, signalling a major push towards the augmentation of India's renewable energy capacity. The funding is earmarked to facilitate the development, construction, and integration of additional solar infrastructure, contributing to the country's commitment to sustainable and clean energy sources. This financial milestone underscores SECI's strategic efforts to accelerate the growth of solar power projects in India. The 300 MW expansion is poised to make a meaningful impact on the nation's energy landscape, fostering increased reliance on eco-friendly alternatives while reducing the carbon footprint. The term loan infusion is expected to play a crucial role in expediting the timeline for the completion of the solar project, ensuring its timely integration into the power grid. With India's growing emphasis on renewable energy as a key component of its energy portfolio, SECI's initiative aligns with the national agenda of achieving ambitious renewable energy targets. As SECI propels forward with this substantial term loan, the 300 MW solar project expansion stands as a testament to India's commitment to sustainable energy solutions and marks a noteworthy step towards a cleaner and greener future.

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?