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What amount of capital infusion has been announced by the Ministry of New and Renewable Energy in the Solar Energy Corporation of India (SECI)?
A)
₹25 billions
B)
₹19 billions
C)
₹14 billions
D)
₹10 billions

Correct Answer :   ₹10 billion


The Ministry of New and Renewable Energy (MNRE) has announced that the government has approved an equity infusion of ₹10 billion (~$ 134.11 million) in Solar Energy Corporation of India Limited (SECI). The capital would facilitate the addition of 3.3 GW of renewable energy projects and enable SECI to announce several other innovative tenders for project development.
 
The Ministry of New and Renewable Energy is working towards achieving the target set by the Government of India to install 175 GW (excluding large hydro) of renewable energy capacity by 2022 and further increase it to 450 GW by 2030.
 
This equity infusion announcement comes in the heels of the Cabinet Committee on Economic Affairs, approving  the equity infusion of ₹15 billion (~$201.27 million) in the Indian Renewable Energy Development Agency (IREDA). The additional equity infusion will help IREDA lend ₹120 billion (~$1.61 billion) to the renewable energy sector, thus facilitating the debt requirement for an additional capacity of approximately 3,500 – 4,000 MW..

Source : Mercom India

Published On : January 24, 2022
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