Published on: November 14, 2022

Solar Energy Corporation of India

Solar Energy Corporation of India

Why in news?

Solar Energy Corporation of India (SECI) participates in COP 27, Egypt


  • 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