SECI releases Rs 5.2 billion to renewable energy developers in July 2020

SECI has released an amount of Rs 5.2 billion to renewable energy generators for payment against wind and solar energy generation. The amount was disbursed in July 2020 and represents about 75 per cent of the total payments made to developers during the month by SECI. Other payments made by SECI include subsidy and viability gap funding. SECI spent about Rs 111.3 million on reimbursements towards solar power developers, which included Rs 83.5 million in goods and services tax (GST) reimbursements and Rs 27.8 million on safeguard duty. Developers such as Wardha Solar (Maharashtra), Azure Power India, Clean Sustainable Energy Private Limited and Parampujya Solar Energy received the highest amount of refund towards GST and safeguard duty claims. For subsidies, SECI has disbursed around Rs 570 million – Rs 10.5 million towards subsidies under the central public sector undertaking programme, Rs 54.6 million under the rooftop programme and Rs 504.9 in subsidies under the viability gap funding programme.

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