Published on: November 14, 2022

Solar Energy Corporation of India

Solar Energy Corporation of India

my explanation Why in news?

how old do you have to be to buy clomid Solar Energy Corporation of India (SECI) participates in COP 27, Egypt

Highlights

  • Parent Ministry : Ministry of New and Renewable Energy, Government of India,
  • Aim : Established to facilitate the implementation of the National Solar Mission (NSM).
  • It is the only Central Public Sector Undertaking (PSU) dedicated to the solar energy sector.
  • The company’s mandate:  to cover the entire renewable energy domain
  • the company will be renamed to Renewable Energy Corporation of India (RECI).
  • Formed Under : the Companies Act, 1956 (now Companies Act, 2013).
  • Nature of organization Non-for-Profit Company to promote solar energy in India.
  • Functions : The company is responsible for implementation of a number of government schemes, major ones being the VGF schemes for large-scale grid-connected projects under NSM, solar park scheme and grid-connected solar rooftop scheme, along with a host of other specialised schemes such as defence scheme, solar canals, and Indo-Pak border scheme.
  • The company also has a power-trading licence and is active in this domain through trading of solar power from projects set up under the schemes being implemented by it