SECI gets 'Miniratna Category-I' status

New Delhi: Solar Energy Corporation of India Limited (SECI) has been accorded the status of 'Miniratna Category-I' Central Public Sector Enterprise (CPSE) on April 10, 2023. A communication to this effect has been issued by the Ministry of New and Renewable Energy (MNRE).

Incorporated in the year 2011, SECI is the primary implementing agency of the MNRE for renewable energy schemes/projects towards fulfillment of India's international commitments. Till date, SECI has awarded renewable energy (RE) project capacities of over 56 GW. SECI is also active in setting up of projects through its own investments as well as for other public sector entities as Project Management Consultant (PMC). SECI enjoys highest credit rating of AAA by ICRA.

Speaking on the achievement, SECI's Managing Director Suman Sharma said that SECI has achieved this feat in a short period of time owning to its consistent performance, speed and flexibility in operations. "SECI has played a Central role in the rapid increase of RE generation capacity in the country and has contributed towards the nation's climate commitments, carbon emission reduction strategies and sustainable energy transition.”

She has further reaffirmed SECI’s commitment towards achieving the Prime Minister’s ‘Panchamrita’ targets and to be an integral part in achieving the 500 GW of non-fossil fuel-based capacity by 2030.

“The growth of SECI is the result of the trust reposed by all stakeholders and the dedicated efforts of all employees. We express our gratitude to Union Minister for Power and Renewable Energy RK Singh, Minister for State for Renewable Energy Bhagwant Khuba and MNRE's Secretary Bhupinder Singh Bhalla and the entire team of MNRE whose guidance and support has been crucial in making this accomplishment possible," Sharma has said.

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