CERC GRANTS INTER-STATE TRADING LICENCE TO SECI
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Start Date:-
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05-23-14
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End Date:-
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06-07-15 |
Solar Energy Corporation of India (SECI) was formed by Government of India (GoI) to act as nodal agency both for implementation and promotion of JNNSM. SECI recently finalized the JNNSM Phase II (Batch I) 750 MW capacity under VGF scheme. SECI is also in the process of implementing Ultra-Mega Solar Power Projects, Solar Parks, other upcoming schemes of JNNSM Phase-II besides large scale grid-connected roof top projects in India.
In order to capitalize on the prospects opened by above initiatives, SECI had earlier filed application before CERC for grant of inter-state trading licence under Category III, allowing them to trade about 500 MUs per annum. CERC granted the trading licence to SECI on 1st April, 2014. The trading license will enable SECI to purchase power from Solar Power Developers (SPD) for re-sale to DISCOMs on long term basis. SECI may also engage in short-term trade of power.
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