SECI ties up with GRIDCO Odisha to supply 600 MW Wind Power

Solar Energy Corporation of India Limited (SECI), Ministry of New and Renewable Energy, Government of India, has signed a Power Sale Agreement (PSA) with GRIDCO Odisha, Government of Odisha. Under this agreement, GRIDCO Odisha will purchase 600 MW of wind power from SECI under Tranche – XIII of the ISTS (Inter-state Transmission System) Connected Wind Power Projects Scheme. The agreement between SECI and GRIDCO was signed in Bhubaneshwar today, June 9, in the presence of the Additional Chief Secretary, Department of Energy, Government of Odisha, N. B. Dhal.

The Odisha Electricity Regulatory Commission has already given in-principle approval for the procurement of 600 MW of wind power by GRIDCO. Power is scheduled to be commissioned within 24 months from the date of signing the Power Purchase Agreement (PPA) with project developers. The aggregate capacity of 600 MW is likely to be installed by developers based in Gujarat, Karnataka, and Maharashtra.

The deal has been signed under the ISTS scheme of the Ministry of New and Renewable Energy, as per the regulation under which power generated from a state rich in renewable energy resources could be transmitted to states deficient in renewable energy resources.

SECI is a nodal agency under the Ministry of New and Renewable Energy, established to facilitate the implementation of the National Solar Mission. It is the only Central Public Sector Undertaking dedicated to the solar energy sector. It is the primary implementing agency of the Ministry of Renewable Energy schemes and projects aimed at fulfilling India's international commitments.

To date, SECI has awarded a renewable energy project capacity of over 58 GW. SECI is also active in setting up projects through its own investments as well as for other public sector entities as a Project Management Consultant (PMC). GRIDCO Limited is a public service company that carries on the business of transmission and bulk supply of electricity and other related activities under an exclusive licence issued by the Odisha Electricity Regulatory Commission.

 Also Read: Oil posts second weekly decline as demand concerns overshadow Saudi Cut

Also Read: Verified content creators on Twitter to be paid for ads in replies, says Elon Musk