Magazine

Last edition
March-April-2025 2025

Home › Investment & Trading ›SECI Reimburses Rs. 7.91 Bn to Solar & Wind Developers

SECI Reimburses Rs. 7.91 Bn to Solar & Wind Developers

The sum of the payment amounting to Rs 7.91 Billion was reinforced to the solar and wind power developers by the Solar Energy Corporation of India (SECI).

February 06, 2023. By News Bureau

The sum of the payment amounting to Rs 7.91 Billion was reinforced to the solar and wind power developers by the Solar Energy Corporation of India (SECI) for an acquired competency in the month of November 2022.

The amount is drawing 1.6% lower than the paid amount in October 2022. SECI disbursed the duties, payments, and developer reimbursements for obtaining the solar and wind energy in total worth Rs.8.36 billion in November.

It indemnified the amount to the Ministry of New and Renewable Energy (MNRE) for the Refund under PM KUSUM allowance of Rs. 84,621.

Though SECI paid Rs 43.63 million to suppliers, distributors and service providers additionally the payment of Rs. 54.89 million for the repayment of excess money gathered.

The number of Wind & Solar producers grows by 52% in contrast to payment in October 2022 which was Rs.5.21 billion.

The state-owned leading distribution companies (DISCOMs) haverepaid their dues and the outstanding amount accounted for Rs. 246.8 billion in four installments. To proceed with the viability gap funding program the sum is to repay is such the govt. has discharged a subsidy of ₹184.47 million.

The scheme is such as the collection provided in the bill, cause arises so the proclamation is approved by the developer, and the statement will be updated in the upcoming months.

SECI is constantly promising to procure renewable energy sources more accessible to the public by giving the open way to the commercial and industrial sectors, as of now have been the authoritative domain of private companies.

Tags:

Investment & Trading

Solar Energy Corporation of India