SECI Appoints Sanjay Sharma as Director- Solar

Solar Energy Corporation of India Ltd (SECI) has appointed Sanjay Sharma as Director - Solar. He has been elevated from his previous position of Executive Director – Solar in the same organization for a period of 5 years.

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Sanjay Sharma has an experience of more than 33 years in the power sector. Before joining SECI in September 2015, Sharma was employed with Power Grid Corporation of India Ltd for about 25 years. He is a B.Tech (Honours), MBA and Certified Energy Auditor & Certified Project Manager.

SECI comes under the Ministry of New & Renewable Energy. "The President is pleased to appoint Sanjay Sharma, Executive Director (ED), SEBI as Director (Solar) in the board of SECI with effect from the date of his assumption of charge of the post till 28.02.2027 i.e. date of his superannuation, or until further orders," said an order from the MNRE. It was mentioned in the order that the terms and conditions regulating his appointment will be issued separately after receipt of his charge assumption.

In November 2021, the Public Enterprises Selection Board (PESB) had recommended the name of Sanjay Sharma for the post of Director – Solar in SECI.

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SECI and its mandate

SECI is a public sector undertaking established in 2011 and the key implementing agency under the National Solar Mission (NSM). Its a  central PSU and only one meant for the solar energy sector. The body has been instrumental in ensuring the growth of the sector in India, especially utility scale solar across the country. It has done that by achieving a more streamlined process for tendering and award of contracts, and providing a payment assurance for generators that has been a decisive factor in attracting private sector interest.

SECI's JV's across states have also been focused on pushing renewable energy growth.

In 2020-21, the organisation  awarded tenders worth 15950 MW capacity, including 12270 MW of solar, 2170 MW of wind, and 1570 Hybrid projects. it ended the year with a turnover of Rs 5464 crores, and a profit after tax of Rs 177 crores.