星期日, 13 7 月, 2025
Home PV News Asia SECI Pays ₹6.6 Billion Towards Solar and Wind Power Purchased in July

SECI Pays ₹6.6 Billion Towards Solar and Wind Power Purchased in July

The agency disbursed a total amount of ₹6.99 billion in July

Source:MERCOM

The Solar Energy Corporation of India (SECI) paid 6.6 billion (~$89.3 million) to solar and wind developers for the power it purchased in July 2021, according to data released by the nodal agency. The disbursement accounted for 94.5% of the total amount disbursed by the agency in July 2021.
The total disbursement for the month was ?6.99 billion (~$94.5 million) towards the purchase of solar and wind power, subsidies, reimbursement to developers, and duties and tax reimbursement, among other expenses.
ReNew Power, SB Energy, Green Infra Wind Energy, Azure, Clean Solar, and Wardha Solar were among the main recipients of the payments in July 2021.
The payments come as a relief to renewable energy developers who have mounting unpaid bills by the state distribution companies (DISCOMs). At the end of June 2021, DISCOMs owed 121.91 billion (~$1.63 billion) to renewable energy generators (excluding dispute amounts) in overdue payments across 256 pending invoices.
SECI released 42.97 million (~$578,817) in subsidies under the rooftop solar program. An amount of 31.16 million (~$419,790) was refunded against central financial assistance to the Ministry of New and Renewable Energy (MNRE) for the rooftop solar program.
The main beneficiaries under the rooftop solar program were Oakridge Energy, Photon Energy, Rhibhu Rooftop Solar Solution, Ravindra Energy, and Innovative Roof Solar Solution.
The agency reimbursed 98.51 million (~$1.3 million) to solar power developers for safeguard duty and Goods and Services Tax (GST) claims under the annuity method.
The agency also paid ?167.35 million (~$2.3 million) under the viability gap funding program in July 2021.
SECI paid 5.78 million (~$77,879) to contractors and service providers. An amount of 32.97 million (~$444,204) was compensated against transmission charges.
The agency paid around 6.61 billion (~$89 million) to solar and wind developers for the power it purchased in June this year.
Earlier this month, the Central Electricity Regulatory Commission reiterated SECI’s proposal for a 10.41% discount rate on annuity payments towards the additional expenses incurred by solar power developers on account of ‘Change in Law’ events.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

India will add 8,500 MWh of storage within the next two years

India Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday that 3,300 MW of Battery Energy Storage System (BESS) projects are in the pipeline...

Coal giant snaps up solar thermal project in landmark deal for long duration storage technology

AGL, Australia’s biggest coal generator, has snapped up a newly approved solar thermal project in South Australia, adding to its options for long duration...

Al Kharsaah: A Pioneering Solar Power Plant in Qatar

Located 80 km west of Qatar's capital, Doha, the Al Kharsaah Solar PV Independent Power Producer (IPP) project is the country's first large-scale solar...

OMV Petrom Buys 50 Pct Stake in Gabare Solar Project

OMV Petrom S.A. has acquired a 50 percent stake in the Gabare solar project from Enery Element, a large-scale project in Byala Slatina, near...