SECI to pay Rs 5.43 billion to developers for January

The Solar Energy Corporation of India (SECI) paid solar and wind power generators a total of Rs 5.43 billion for power acquired in January 2022. The amount disbursed accounted for almost 80 per cent of the total amount of Rs 6.9 billion paid by the nodal agency during the month. The payments paid reportedly belonged to Clean Solar Power (Gulbarga), Solar Edge Power & Energy, Green Infra Wind Energy, Adani Wind Energy Kutchh Three, Eden Renewables, and SBG Cleantech Projectco Five.

SECl’s regular monthly disbursements are a relief for developers that must deal with delayed payments from discoms. According to data provided by the Ministry of Power, discoms owed renewable generators Rs 141.42 billion in outstanding payments (excluding disputed amounts) at the end of January 2022.

Using the annuity system, SECI reimbursed Rs 116.9 million to solar power companies in January 2022 for GST and safeguard duty claims. The nodal agency also issued Rs 112.4 million in rooftop subsidy and Rs 32 million in transmission charges under the rooftop scheme. Further, it paid Rs 919.4 million in payments to contractors and service providers. The agency issued a refund of Rs 332 million for extension charges.