SECI-GRIDCO sign PPA for wind power from Gujarat, Karnataka and Maharashtra
An aggregate capacity of 600 MW wind power is to be installed by developers based in Gujarat, Karnataka and Maharashtra for supplying green electricity to Odisha. The electricity supply is scheduled to be commissioned within 24 months from the date of signing a Power Purchase Agreement (PPA) with Project Developers, the Ministry of New and Renewable Energy said on 9 June 2023.
Solar Energy Corporation of India Limited (SECI) has signed a Power Sale Agreement (PSA) with GRIDCO Odisha to sell 600 MW of wind power from its Tranche – XIII of ISTS (Inter State Transmission System) Connected Wind Power Projects Scheme which will include the new plants.
Till date, SECI has awarded Renewable Energy project capacity of over 58 GW. SECI is also active in setting up of projects through its own investments as well as for other public sector entities as a Project Management Consultant (PMC). SECI enjoys an ICRA credit rating of AAA.
GRIDCO Limited is presently engaged in bulk purchase and bulk sale of power to the four Distribution Companies inside the State of Odisha and trading of surplus power through traders to promote exchange of power with neighbouring States in the country.
Under the ISTS scheme of the Ministry of New & Renewable Energy, power generated from a state rich in renewable energy resources could be transmitted to states deficient in renewable energy resources.
The agreement between SECI and GRIDCO was signed in Bhubaneshwar 9 June 2023 in the presence of Additional Chief Secretary, Department of Energy, Government of Odisha, N. B. Dhal. Fiinews.com
