SECI To Supply 600 MW Wind Power To GRIDCO Odisha Under Power Sale Agreement

Solar Energy Corporation of India Limited (SECI) has signed a Power Sale Agreement (PSA) with GRIDCO Odisha for supply of 600 MW renewable power.

As per the agreement, GRIDCO Odisha will purchase 600 MW of wind power from SECI under tranche–XIII of ISTS (Inter State Transmission System) connected wind power projects scheme.

Under the ISTS scheme of the Ministry of New and 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 on Friday (9 June) in the presence of additional chief secretary, Department of Energy, Government of Odisha, N B Dhal, the Ministry of New and Renewable Energy said in a statement.

Odisha Electricity Regulatory Commission has already given in-principle approval for procurement of 600 MW wind power by GRIDCO.

Power is scheduled to be commissioned within 24 months from the date of signing the Power Purchase Agreement (PPA) with Project Developers.

The aggregate capacity of 600 MW is likely to be installed by developers based in Gujarat, Karnataka and Maharashtra.

SECI is a miniratna category-I Central Public Sector Enterprise (CPSE) under the Union Ministry of New and Renewable Energy incorporated in the year 2011.

It is the primary implementing agency of the Ministry for Renewable Energy schemes and projects towards fulfilment of India's international commitments.

GRIDCO Limited is presently engaged in bulk purchase and sale of power to the four distribution companies in Odisha and trading of surplus power through traders to promote exchange of power with neighbouring states in the country.