Solar Energy Corporation of India gets 'Miniratna Category-I' status
Tags: Economy/Finance National News
Solar Energy Corporation of India Limited (SECI) has been accorded the status of Miniratna Category-I Central Public Sector Enterprise (CPSE) on10th April, 2023.
An overview of the news
Its formal announcement has been issued by the Ministry of New and Renewable Energy, Government of India.
SECI has achieved this feat in a short span of time due to its consistent performance, mobility and flexibility in operations.
SECI has played a central role in the rapid addition of RE generation capacity in the country and has contributed to the country's climate commitments, carbon reduction strategies and sustainable energy transition.
It is making steady progress towards achieving the Prime Minister's 'Panchamrit' goals and achieving 500 GW non-fossil fuel based non-fossil fuel based capacity by 2030.
Solar Energy Corporation of India Limited (SECI)
It is a Central Public Sector Undertaking (CPSU) under the administrative control of the Ministry of New and Renewable Energy (MNRE), set up on 20th Sept, 2011.
It is the only CPSU dedicated to the Solar Energy Sector.
The company holds Category 1 Power Trading Licence and is active in this domain through trading of Solar Energy from the projects set up under the schemes being implemented by it.
So far, SECI has awarded renewable energy (RE) project capacity of over 56 GW.
SECI enjoys the highest credit rating of AAA by ICRA.
Managing Director - Suman Sharma
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