SECI, a Navratna Central Public Sector Enterprise under the Ministry of New and Renewable Energy, plays a key role in facilitating India’s clean energy goals.
The executed PSAs cover a broad portfolio of renewable energy sources—including solar, wind, and hybrid projects—and form a substantial part of India’s expanding renewable energy capacity.
SECI Chairman and Managing Director Shri Santosh Kumar Sarangi described the milestone as a defining moment for the organization. “The signing of 60 GW worth of Power Sale Agreements within just fourteen years of establishment marks a pivotal moment for SECI’s journey. SECI continues to be at the forefront of ensuring that India stays on track to meet its ambitious clean energy targets,” he said.
These long-term agreements ensure the purchase of power from renewable sources, offering critical payment security to developers and boosting investor confidence. This model has proven essential in unlocking financing and accelerating growth across the renewable sector.
Looking ahead, SECI plans to expand into cutting-edge areas such as energy storage technologies, strengthening renewable supply chains, and scaling up production of green hydrogen and green ammonia. These forward-looking strategies aim to support India’s climate commitments and reinforce its shift toward a low-carbon economy.
