Introduction
"Solar Energy Corporation of India ltd" (SECI) is a CPSU under the administrative control of the Ministry of New and Renewable Energy (MNRE), set up on 20th Sept, 2011 to facilitate the implementation of JNNSM and achievement of targets set therein. It is the only CPSU dedicated to the solar energy sector. It was originally incorporated as a section-25 (not for profit) company under the Companies Act, 1956.
However, through a Government of India decision, the company has recently been converted into a Section-3 company under the Companies Act, 2013. The mandate of the company has also been broadened to cover the entire renewable energy domain.
In the present outlook of the RE sector, especially solar energy, SECI has a major role to play in the sector’s development. The company is responsible for implementation of a number of schemes of MNRE, major ones being the VGF schemes for large-scale grid-connected projects under JNNSM, solar park scheme and grid-connected solar rooftop scheme, alongwith a host of other specialised schemes such as defence scheme, canal-top scheme, Indo-Pak border scheme etc. In addition, SECI has ventured into solar project development on turnkey basis for several PSUs. The company also has a power trading license and is active in this domain through trading of solar power from projects set up under the schemes being implemented by it.
Objectives
The Main Objectives of the Company are to:
- Carry on busines's of generation, forecasting, purchasing, producing, manufacturing, importing, exporting, exchanging, selling and trading in power products and services in India and abroad
- Own, manage, investigate, plan, promote, develop, design, construction, operation, maintenance, renovation, modernization of power projects in solar, on-shore/off-shore wind, geo-thermal, tidal, bio-gas, bio-mass, small hydro and other renewable energy sources in India and abroad
- Plan and execute an integrated programme on development and implementation of renewable energy projects
- Plan, develop, maintain, lease, hire, manage solar parks, infrastructure facilities, and all related ancillary facilities & services in India and abroad
- Carry on the business of planning, investigation, survey, research, design and preparation of preliminary feasibility and detailed project reports, related to Power Projects in India and abroad
- Co-ordinate the activities of its subsidiaries and Joint Venture Companies, to determine their economic and financial objectives / targets and to review, control, guide and direct their performance with a view to secure an optimum utilization of all resources placed at their disposal
- Assist, carry out such directions as may be issued by the Administrative Ministry from time to time in executing, evolving, managing, overseeing and coordinating programmes and projects under Jawaharlal Nehru National Solar Mission and all such other Programmes or Missions as may from time to time to be implemented
- Establish, provide, maintain, conduct, scientific and technical research, experiments, pilot projects and tests of all kinds and to process, improve, innovate and invent new products, technologies, directly or in collaboration with other agencies in India & abroad to achieve commercialization
- Engage in the business of performance monitoring, data analysis, resource assessment, cost engineering, technology forecasting, training & capacity building, skill development, promotion & awareness campaigns etc. in India and abroad
- Promote, organize, conduct and render consultancy services in the related activities of the Company in India and abroad
Vision And Mission
Vision
- To build ‘Green India’ through harnessing abundant solar radiation and to achieve energy security for the country.
Mission
- To become the leader in development of large scale solar installations, solar plants and solar parks and to promote and commercialize the use of solar energy to reach remotest corner of India.
- To become leader in exploring new technologies and their deployment to harness solar energy.
