SECI Signs PSA With GRIDCO To Provide 600 MW Of Wind Power To Odisha

The Solar Energy Corporation of India Limited (SECI), has signed a Power Sale Agreement (PSA) with Odisha’s state utility GRIDCO. GRIDCO is the state government’s nodal agency for dealing with the bulk transmission of power in the state.

Under the agreement, GRIDCO will purchase 600 Megawatt (MW) of wind power from SECI under Tranche – XIII of ISTS (Inter State Transmission System) Connected Wind Power Projects Scheme. Under this scheme, 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 Bhubaneswar today in the presence of the Additional Chief Secretary, Department of Energy, Government of Odisha, N. B. Dhal. Odisha Electricity Regulatory Commission (OERC) has already given in-principle approval for procuring 600 MW wind power by GRIDCO. Power is scheduled to be commissioned within 24 months from 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 under the Union Ministry of New & Renewable Energy, incorporated in 2011. It is the primary implementing agency of the Ministry for Renewable Energy schemes and projects towards the fulfillment of India’s international commitments. To date, SECI has awarded a Renewable Energy project capacity of over 58 GW. 

GRIDCO Limited is presently engaged in bulk purchase and bulk sale of power to the four Distribution Companies inside the State of Odisha and trading surplus power through traders to promote the exchange of power with neighbouring States in the country.