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.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

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 Urban

Telangana Unveils Bold Vision for Economic and Sustainable Growth

Telangana is charting an ambitious course toward becoming a leader in India's economic landscape with transformative initiatives in infrastructure, sustainability, and connectivity. Speaking at the CII National Council meeting in Hyderabad, the state leadership announced its vision to position Hyderabad as a global service sector hub and a “Future City,” rivalling the likes of New York, London, and Tokyo. Plans include making the city net-zero, pollution-free, and equipped with 3,200 electric buses for public transport. Telangana also leads India in electric vehicle (EV) adoption, having w..

Next Story
Real Estate

India’s Commercial Real Estate Booms Amid Surging Office Space Demand

India's commercial real estate sector witnessed unprecedented growth in 2024, fuelled by soaring demand for office spaces from global companies, according to reports from top property consultancies. Net office absorption reached approximately 50 million square feet last year, marking the highest level in five years, as per data from Cushman & Wakefield and JLL Research. Overall office leasing activity hit a record 79 million square feet across India's top nine cities, with Bengaluru leading the charge, accounting for 28% of total absorption. Rahul Arora of JLL noted that India's office market ..

Next Story
Infrastructure Transport

Mumbai Metro Lines 7 and 2A Achieve Full Operational Authorisation

Mumbai's metro network reached a significant milestone as the Chief Commissioner of Rail Safety (CCRS), New Delhi, granted safety certification for the regular operation of Metro Line 7 (Red Line) and Metro Line 2A (Yellow Line). This approval ensures compliance with all conditions from the provisional authorisation, enabling unrestricted operations at a full capacity speed of 80 kmph, up from temporary limits of 50-60 kmph. Operated by the Mumbai Metropolitan Region Development Authority (MMRDA), Metro Line 2A spans 18.6 km from Dahisar to DN Nagar with 17 stations, while Metro Line 7 covers ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000