About Solar Energy Corporation of India Limited (SECI):
- SECI is a Central Public Sector Undertaking (CPSU) under the administrative control of the Ministry of New and Renewable Energy (MNRE).
- It was set up on 20th September 2011 to facilitate the implementation of the National Solar Mission (NSM) and the achievement of targets set therein.
- It is the only CPSU dedicated to the renewable energy sector.
- Vision: To build ‘Green India’ through harnessing abundant solar radiation and to achieve energy security for the country.
- Mission:
- To become the leader in the development of large-scale solar installations, solar plants and solar parks and to promote and commercialize the use of solar energy to reach the remotest corner of India.
- To become a leader in exploring new technologies and their deployment to harness solar energy.
- It was originally incorporated as asection-25 (not-for-profit) company under the Companies Act, 1956.
- However, through an amendment by the Government of India, the company was converted into a Section-3 company, in 2015, under the Companies Act, 2013.
- The mandate of the company has also been broadened to cover the entire renewable energy domain.
- The company is one of the nodal agencies for the implementation of a number of schemes of MNRE. In addition, SECI has ventured into solar project development on a turnkey basis for several PSUs/Government departments.
- The company also has a power trading license and is active in this domain through trading of solar power from projects set up under the schemes being implemented by it.
