The Ministry of New and Renewable Energy has granted Miniratna Category-I Central Public Sector Enterprise (CPSE) status to the state-owned Solar Energy Corporation of India Ltd (SECI), according to a statement. SECI, which was established in 2011, is the primary implementing agency for renewable energy schemes/projects of the Ministry of New and Renewable Energy aimed at fulfilling India’s international commitments. SECI has played a Central role in the rapid increase of RE generation capacity in the country and has contributed towards the nation’s climate commitments, carbon emission reduction strategies and sustainable energy transition.
SECI has awarded more than 56 GW of Renewable Energy (RE) project capacities to date. It also plays an active role in establishing projects through its own investments and as a Project Management Consultant (PMC) for other public sector entities. SECI has received a top credit rating of AAA from the domestic rating agency ICRA.
Important Takeaways For All Competitive Exams:
- Solar Energy Corporation of India Ltd Founded: 9 September 2011;
- Solar Energy Corporation of India Ltd HQ: New Delhi;
- Solar Energy Corporation of India Ltd Managing Director: Suman Sharma.
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