Ajay Yadav has assumed charge of Managing Director of Solar Energy Corporation of India Limited (SECI). SECI is a nodal agency of the central government for auctioning renewable energy projects. SECI, a Miniratna Category-I Central Public Sector Enterprise (CPSE) established in 2011, serves as the primary implementing agency for renewable energy schemes and projects under the Ministry of New and Renewable Energy, Government of India.
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About the Solar Energy Corporation of India Limited
With over 58 GW of Renewable Energy (RE) project capacities awarded to date, SECI has played a pivotal role in driving the growth of India’s renewable energy sector. The corporation has been instrumental in promoting solar energy projects and facilitating investments, contributing significantly to the nation’s sustainable energy goals.
SECI’s remarkable achievements include trading over 35 billion units (BU) of renewable energy (RE) power during the FY 2022-23, representing a substantial 59 percent increase compared to the previous year. This surge in trading volume propelled SECI’s revenue from power trading to surpass the Rs. 10,000 crore mark for the first time since its inception.
SECI’s commitment to renewable energy is further bolstered by its status as a miniratna category-I CPSE and its AAA credit rating awarded by ICRA, demonstrating the corporation’s financial strength and stability.
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