The Solar Energy Corporation of India (SECI), a Central Public Sector Undertaking (CPSU) under the Ministry of New and Renewable Energy (MNRE), has initiated bids for over 4 gigawatts (GW) of renewable energy projects, encompassing wind power. Established in 2011, SECI’s mission is to advance solar energy utilization across India and achieve energy security. It transforms solar radiation into power, aiming to be a leader in large-scale solar installations and to promote solar energy in remote regions. Originally a section-25 not-for-profit company, it transitioned to a Section-3 company in 2015 under the Companies Act, broadening its renewable energy scope.
Prelims pointer
- Central Public Sector Undertaking (CPSU): Government-owned enterprises that operate within the public sector to carry out various economic and infrastructure projects, aiming to achieve national goals and objectives.
- Ministry of New and Renewable Energy (MNRE): A government ministry in India responsible for the development and implementation of policies and programs related to renewable energy sources like solar, wind, bioenergy, and more.
- National Solar Mission (NSM): An initiative launched by the Indian government to promote the use of solar energy for power generation and other applications, with the aim of reducing carbon emissions and dependence on fossil fuels.
- Section-25 Company: A legal entity in India established for non-profit purposes, often used for promoting charitable, scientific, social, or other activities that benefit society.
- Power Trading License: Authorization granted to a company to engage in the buying and selling of electricity in the energy market, facilitating the distribution of power from various sources to meet demand efficiently.
