SECI Signs PSA’s Worth 930 MW With Multiple State Discoms

SECI has signed three PSA for the supply of 930 MW renewable power

The Solar Energy Corporation of India (SECI) has announced the signing of multiple Power Sale Agreements (PSA) worth 930 MW with three Discoms from Rajasthan, Uttar Pradesh and Kerala.

The first PSA and the latest agreement has been signed between SECI and the Rajasthan Urja Vikas Nigam Limited (RUVNL) for the sale/ supply of 680 MW of solar power.

680 MW Solar PSA has been signed with RUVNL today.

— SECI (@SECI_Ltd) September 12, 2019

The second PSA, which was announced on September 7, 2019, was for the sale of 150 MW of solar power that will be generated by the infamous Rihand Dam floating solar power project, which was finally approved last month.

PSA of 150 MW Floating Solar was signed with UPPCL today at Lucknow. pic.twitter.com/rIzmK9HwFl

— SECI (@SECI_Ltd) September 7, 2019

In July, The Uttar Pradesh cabinet chaired by Chief Minister Yogi Adityanath has cleared a floating solar PV power plant on Rihand Dam with an investment of Rs 750 crore. It will be the first floating solar power plant in the state and the biggest in the country by capacity.

The state cabinet cleared the project that will fetch investment of Rs 750 crore, UP government spokesman Shrikant Sharma told reporters here. He said the water surface floating solar PV power project will generate 150 MW power and will be completed in the next 21 months. 

The third agreement was signed with the Kerala State Electricity Board (KSEB) on September 6, 2019. SECI under the PSA will sell/ supply 100 MW wind energy to the Discom.

In August, SECI had signed another PSA. An agreement for the supply of 40 MW wind power to the Chandigarh Administration (UT). This is the first time that the Chandigarh Administration has signed any power sale agreement with SECI.

In July, we reported that SECI had announced the signing of two new agreements with two power discoms in Delhi and Rajasthan.

The first was a Memorandum of Understanding (MoU) with the BSES Rajdhani Power Limited (BRPL) for its Battery Energy Storage System (BESS) project. The BESS system will be co-developed by both entities.

The second agreement was signed with the Rajasthan Urja Vikash Nigam Limited (RUVNL) for the sale of 750 MW solar power under the guiding terms of a PSA that the nodal agency has signed. And now, the Discom has agreed for the purchase of an additional 750 MW solar power from SECI.