Ajay Yadav Assumes Charge as Managing Director of SECI

SECI Looks for Developers for Setting Up 2000 MW Wind-Solar Hybrid Projects

Miniratna Category-I Central Public Sector Enterprise (CPSE) Solar Energy Corporation of India (SECI) has appointed Ajay Yadav as its Managing Director.

The newly appointed Managing Director served as an IAS officer from the 2005 batch of the Bihar cadre.

SECI is the primary implementing agency of the Ministry of New and Renewable Energy, Government of India for renewable energy schemes/projects towards fulfilment of India’s international commitments.

Till date, SECI has awarded Renewable Energy (RE) project capacities 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 Project Management Consultant (PMC). SECI enjoys highest credit rating of AAA by ICRA. In April 2023, SECI recorded a 59 percent jump in the renewable energy power trading volume in Financial Year 2022-23. It also reported a revenue crossing the Rs 10,000 crore mark for the first time since its inception in 2011.