Daily News Wrap-Up: SECI Disbursements to Solar, Wind Generators Rise 49% YoY in August
Shakti Pumps secures ₹2.93 billion work order under PM-KUSUM
September 18, 2023
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The Solar Energy Corporation of India (SECI) paid solar and wind power producers ₹12.15 billion (~$146.4 million) for the energy purchased in August 2023. The payment reflected an increase of 6% from the July disbursements. The disbursements increased by 49% on a year-over-year basis. In August, disbursements to solar and wind developers constituted 94.1% of the total payments made by the nodal agency. SECI made payments of ₹582.30 million (~$7 million) to contractors and service providers.