Solar Energy Corporation of India

Solar Energy Corporation of India Ltd. (SECI) is a company of the Ministry

Solar Energy Corporation
of New and Renewable Energy, Government of India, established to facilitate
of India Ltd.
the implementation of the National Solar Mission (NSM).[3] It is the only
Central Public Sector Undertaking dedicated to the solar energy sector. The
company's mandate has been broadened to cover the entire renewable energy
domain and the company will be renamed to Renewable Energy Corporation
of India (RECI).[4][5]
Type Public sector
The company is responsible for implementation of a number of government undertaking
schemes,[6] major ones being the VGF schemes for large-scale grid-connected
Industry Solar energy
projects under NSM, solar park scheme and grid-connected solar rooftop
scheme, along with a host of other specialised schemes such as defence scheme, Founded 9 September 2011
canal-top scheme, and Indo-Pak border scheme. Headquarters Religare Building,
District Centre,
In addition, SECI has ventured into solar project development on turnkey basis Saket, New Delhi,
for several PSUs.[7] The company also has a power-trading licence and is active India[1]
in this domain through trading of solar power from projects set up under the Area served India
schemes being implemented by it.[8]
Key people Praveen Kumar
(Chairman)

Jatindra Nath
Contents Swain (MD)[2]

Background Parent Ministry of New and

Renewable Energy
References
Website www.seci.co.in (htt
External links
p://www.seci.co.in/)
See also

Background
The SECI was registered as Section 25 under the Companies Act, 1956 (now Section 8 of the Companies Act, 2013) on 9
September 2011. It was set up as a Non-for-Profit Company to promote solar energy in India.

Though SECI was not meant to make profits, it made profits of ₹12 crores in 2014–15 following which the Union Cabinet under
the chairmanship of Prime Minister Narendra Modi gave its approval to the SECI to:

1. Converting it into Section 3 Company under the Companies Act, 2013, and
2. Renaming it as Renewable Energy Corporation of India (RECI)
The major impact of the decision will be:

1. SECI will become a self-sustaining and self-generating organisation with its own solar power plants that will
generate and sell power. It will also help the company in other segments of solar sector activities, including
manufacturing of solar products and materials since it was not allowed earlier.
2. SECI will become RECI after change of its name and then will take up development of all segments of renewable
energy namely, geo-thermal, off-shore wind, tidal etc. apart from solar energy.[4][5][9]
References
1. "Contact Us :: Solar Energy Corporation of India (SECI), A Government of India Enterprise" (http://www.seci.gov.i
n/content/innerpage/contact-us.php). SECI.gov.in. Retrieved 8 March 2017.
2. "Board of Directors :: Solar Energy Corporation of India (SECI), A Government of India Enterprise" (http://www.se
ci.gov.in/content/innerpage/board-of-directors.php). SECI.gov.in. Retrieved 8 March 2017.
3. "Solar Energy Corporation of India plans to set up more solar plants - The Economic Times" (http://economictime
s.indiatimes.com/industry/energy/power/solar-energy-corporation-of-india-plans-to-set-up-more-solar-plants/articl
eshow/52084659.cms). Economictimes.indiatimes.com. 3 May 2016. Retrieved 5 September 2016.
4. "Conversion of Solar Energy Corporation of India from Section 8 company to Section 3 company under the
Companies Act, 2013 and renaming it as Renewable Energy Corporation of India (RECI)" (http://pib.nic.in/newsit
e/PrintRelease.aspx?relid=122756). Pib.nic.in. 20 September 2011. Retrieved 5 September 2016.
5. "Solar Energy Corp of India converted into commercial entity" (http://www.livemint.com/Politics/XIpVpcMMkTjIqZ
RY08pWdN/Solar-Energy-Corp-of-India-converted-into-commercial-entity.html). Livemint. 25 June 2015.
Retrieved 5 September 2016.
6. Our Bureau (24 June 2015). "Solar Energy Corporation of India to be renamed | Business Line" (http://www.thehi
ndubusinessline.com/economy/policy/solar-energy-corporation-to-be-renamed/article7350491.ece).
Thehindubusinessline.com. Retrieved 5 September 2016.
7. "Delhi metro signs mou with solar energy corporation of India, to jointly take up off site solar power project
update" (http://www.delhimetrorail.com/press_reldetails.aspx?id=v9OvBWAncl58Ylld). Delhimetrorail.com. 17
September 2013. Retrieved 5 September 2016.
8. "Introduction :: Solar Energy Corporation of India (SECI), A Government of India Enterprise" (http://seci.gov.in/co
ntent/innerpage/introduction.php). seci.gov.in. Retrieved 15 May 2016.
9. Bureau, Our (24 June 2015). "Solar Energy Corporation of India to be renamed" (http://www.thehindubusinesslin
e.com/economy/policy/solar-energy-corporation-to-be-renamed/article7350491.ece). The Hindu Business Line.
Retrieved 14 February 2017.

External links
Official website (http://www.seci.co.in)

See also
Solar power in India
Tata Power Solar
Solairedirect

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This page was last edited on 20 November 2019, at 08:50 (UTC).

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