Odisha SECI to sell 600 MW of wind power to GRIDCO Odisha
Bhubaneshwar: Solar Energy Corporation of India Limited (SECI) will sell 600 MW of wind power to GRIDCO Odisha under a Power Sale Agreement (PSA).
GRIDCO Odisha will purchase the wind power from SECI under Tranche – XIII of the ISTS (Inter State Transmission System) Connected Wind Power Projects Scheme.
Under the ISTS scheme of the Union new & renewable energy ministry, power generated from a state rich in renewable energy resources could be transmitted to states deficient in renewable energy resources.
The agreement between SECI and GRIDCO was signed in Bhubaneshwar on Friday in the presence of Odisha’s Additional Energy Chief Secretary N. B. Dhal.
Odisha Electricity Regulatory Commission has already given in-principle approval for the procurement of 600 MW of wind power by GRIDCO.
Power is scheduled to be commissioned within 24 months from the date of signing the Power Purchase Agreement (PPA) with Project Developers.
The aggregate capacity of 600 MW is likely to be installed by developers based in Gujarat, Karnataka and Maharashtra.
SECI is a Miniratna Category-I Central Public Sector Enterprise under the Union Ministry of New & Renewable Energy, incorporated in the year 2011.
It is the primary implementing agency of the Ministry for Renewable Energy schemes and projects towards fulfillment of India's international commitments.
To date, SECI has awarded renewable energy project capacity of over 58 GW.
SECI is also active in setting up projects through its own investments as well as for other public sector entities as a Project Management Consultant (PMC). SECI enjoys an ICRA credit rating of AAA.
GRIDCO is presently engaged in bulk purchase and bulk sale of power to the four distribution companies inside Odisha and trading of surplus power through traders to promote the exchange of power with neighbouring states in the country.
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