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India’s primary solar nodal agency, Solar Energy Corporation Of India (SECI) announced signing of 400 MW PSA with Telangana today.
The power supply agreement was signed with Telengana Discom at Vidyut Soudh in Hyderabad.
PSA of 400 MW Solar Power was signed with Telengana Discom at Vidyut Soudh in Hyderabad. pic.twitter.com/UlihgY8AqC— SECI (@SECI_Ltd) January 22, 2020
Earlier this month, SECI had signed a PSA of 500 MW Hybrid Power under ISTS Tranche II with Punjab State Power Corporation Limited at Patiala today.
India has seen a flurry of activity in terms of new tenders and policies favouring open market power transactions in the recent few months. Recently the central minister, Mr. R K Singh had stated “We are confident that we will grow & achieve our target of 175 GW renewable energy capacity by 2022.”
Earlier he had stated that India will surpass its set targets of 175GW saying “We expect to have installed 200,000 MW Renewable Energy capacity in India by 2022, which will be more than our target of installing 175,000 MW RE generation capacity by that time.”