Sensing huge potential in Solar power production, the Solar Energy Corporation of India Limited (SECI) has applied for license for power trading with Central Electricity Regulatory Commission.
SECI managing director Rajendra Nimje said the PSU is authorised to sell power that will be produced under the proposed 750MW solar power projects under Phase-II Batch-I, recently announced by the Government.
"We see huge potential in Solar power production in the coming years. We have applied for license with the CERC. It is under process and expected to be in final stages within two months," Nimje told PTI.
Nimje was talking on the of a seminar on Solar Water Heating System organised by the Ministry of New and Renewable Energy in association with New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) Ltd and the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI).
He said they have invited bid for the second phase of the 750MW Solar power projects and will have a pre-bid meeting on November 19.
The proposed scheme for solar projects would be implemented through the Solar Energy Corporation of India in association with NTPC Vidyut Vyapar Nigam Ltd.
Electricity generated from these plants would be purchased by Solar Energy Corp at a fixed-level tariff of Rs 5.45 per KWH for a period of 25 years.
The Government has allowed around 1600MW Solar power projects under the first phase under the Jawaharlal Nehru National Solar Mission (JNNSM) which has set a target, amongst others, for deployment of grid connected Solar power capacity of 20,000MW by 2022 to be achieved in three phases.
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