SECI pays solar and wind developers Rs 7.91 billion in November
POWER & RENEWABLE ENERGY

SECI pays solar and wind developers Rs 7.91 billion in November

For the electricity acquired in November 2022, the Solar Energy Corporation of India (SECI) has released Rs 7.91 billion in payments to solar and wind power producers. Nearly 94.6% of the total amount paid by the nodal agency for the month was made up by the disbursal.

Compared to the payments paid in October, the amount is slightly less. In relation to power purchases, the agency has released Rs 8.04 billion.

In November, the agency distributed a total of 8.35 billion, which included payments for the procurement of solar and wind energy, reimbursements to developers, and duties.

The principal recipients of the payments in November were Azure Power Forty Three, Adani Hybrid Energy Jaisalmer, Wardha Solar (Maharashtra), Adani Hybrid Energy Jaisalmer Three, and Adani Hybrid Energy Jaisalmer Two.

The state-owned power distribution firms (DISCOMs), according to the Ministry of Power, paid down past dues totaling Rs 246.8 billion in four instalments.

Also read:
State discoms & CEA asked to comment on National Electricity Policy
INR 110 million to be invested in power distribution by AP government


For the electricity acquired in November 2022, the Solar Energy Corporation of India (SECI) has released Rs 7.91 billion in payments to solar and wind power producers. Nearly 94.6% of the total amount paid by the nodal agency for the month was made up by the disbursal. Compared to the payments paid in October, the amount is slightly less. In relation to power purchases, the agency has released Rs 8.04 billion. In November, the agency distributed a total of 8.35 billion, which included payments for the procurement of solar and wind energy, reimbursements to developers, and duties. The principal recipients of the payments in November were Azure Power Forty Three, Adani Hybrid Energy Jaisalmer, Wardha Solar (Maharashtra), Adani Hybrid Energy Jaisalmer Three, and Adani Hybrid Energy Jaisalmer Two. The state-owned power distribution firms (DISCOMs), according to the Ministry of Power, paid down past dues totaling Rs 246.8 billion in four instalments. Also read: State discoms & CEA asked to comment on National Electricity Policy INR 110 million to be invested in power distribution by AP government

Next Story
Products

Mulroom Revolutionizes India’s Furniture Market

India's furniture market, a rapidly growing industry, has long grappled with inefficient supply chains, high costs, and limited customization options. Enter Mulroom, a tech-driven startup founded by Parikshit Guhabiswas, which aims to revolutionize the sector through a direct-to-consumer (DTC) model that empowers craftspeople and small-scale manufacturers while promoting sustainability. Mulroom tackles the industry's age-old problems by eliminating middlemen and implementing a lean, technology-enabled supply chain that cuts down waste and reduces costs. By leveraging AI-powered demand forecas..

Next Story
Infrastructure Urban

Build Capital Exits Second SRA Project with 19.76% IRR

Build Capital, an early-stage real estate financier, has successfully exited its investment in a Slum Rehabilitation Authority (SRA) project near Bandra-Kurla Complex (BKC), Mumbai. This marks another successful exit for Build Capital this year, highlighting its focus on delivering superior stakeholder value through structured real estate financing. Build Capital partnered with the developer during the early stages of the project, which had faced significant delays. Its investment facilitated the completion of rehabilitation works and the conversion of scheme parameters to DCPR 2034, enhancin..

Next Story
Infrastructure Urban

Chandak Group Celebrates Women’s Identity

Chandak Group marked this Women’s Day with a powerful and heartfelt gesture aimed at celebrating the individuality and strength of women. Instead of conventional celebrations, the real estate brand launched a meaningful campaign to honor the women who have made Chandak homes their own. The initiative offered every woman homebuyer a unique, personalized memento—a beautifully engraved, sustainable keyholder featuring her name. This thoughtful token serves not only as a keepsake but also as a recognition of her journey, achievements, and rightful space within the home. The campaign’s emot..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?