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<p>The Solar Energy Corporation of India (<a href="https://www.seci.co.in/" target="_blank" rel="noopener">SECI</a>) paid around ₹4.91 billion (~$67.3 million) to solar and wind developers for the power it purchased in April 2021, mentions the data released by the nodal agency. These disbursements accounted for 90.4% of the total amount disbursed by the agency during the month.</p>
<p>The nodal agency’s total disbursement in the month was ₹5.43 billion (~$74.63 million) towards the purchase of solar and wind power, subsidies, reimbursements to developers, and duties and tax reimbursements, among other expenditures for the month.</p>
<p>The payments released by SECI have come as a relief to the renewable developers who are reeling under the pressure of the unpaid dues on the part of the distribution companies (DISCOMs). The DISCOMs <a href="https://mercomindia.com/discoms-owed-renewable-generators-end-april/" target="_blank" rel="noopener">owed</a> ₹113.34 billion (~$1.56 billion) to renewable energy generators (excluding disputed amounts) in overdue payments across 200 pending invoices at the end of April 2021.</p>
<p>In March 2021, the nodal agency had <a href="https://mercomindia.com/seci-pays-%e2%82%b94-33-billion-to-solar-wind-generators-march/" target="_blank" rel="noopener">paid</a> around ₹4.33 billion (~$59.32 million) to solar and wind generators for the power procured. SB Energy One, Wardha Solar (Maharashtra), and Clean Solar (Rajasthan) were among the developers who received the most payouts in April.</p>
<p>An amount of ₹141 million (~$1.93 million) was released towards viability gap funding (VGF) in April 2021.</p>
<p>The agency released around ₹37 million (~$506,854) in subsidies for the rooftop program. Sukhbir Agro, Clean Max Enviro Energy, and Wattplus Energy were the chief beneficiaries of subsidies disbursed by SECI under the rooftop solar segment.</p>
<p>SECI also released ₹32 million (~$438,361) as payments for transmission charges.</p>
<p>As part of central financial assistance, ₹225 million (~$3.08 million) was reimbursed to the Ministry of New and Renewable Energy for the central public sector undertaking program.</p>
<p>About ₹53 million (~$726,035) was paid in reimbursements to solar power developers for the goods and services tax (GST) and safeguard duty claims per annuity method.</p>
<p>There is a slew of safeguard duty and GST claims pending payment. In a recent ruling, the Central Electricity Regulatory Commission (CERC), <a href="https://mercomindia.com/seci-compensate-solar-developer-gst-safeguard-duty/" target="_blank" rel="noopener">directed</a> SECI to compensate a solar developer SB Energy One for the increase in cost incurred due to the imposition of GST and safeguard duty. Earlier, CERC also <a href="https://mercomindia.com/cerc-asks-seci-compensate-developer-safeguard-duty/" target="_blank" rel="noopener">asked</a> SECI to compensate SBG Cleantech Projecto Five for the increased cost incurred due to the imposition of safeguard duty under the ‘Change in Law’ clause.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/rakesh-ranjan-parashar/" class="vcard author" rel="author"><span class="fn">Rakesh Ranjan</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/02/Rakesh-Headshot-crop-2.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Rakesh Ranjan,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/rakesh-ranjan-parashar/" target="_blank" rel="noopener">More articles from Rakesh Ranjan.</a></p>
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<div class="authorboxn">
<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/02/Rakesh-Headshot-crop-2.jpg" width="77" height="102" /><a href="https://mercomindia.com/author/rakesh-ranjan-parashar/" target="_blank" rel="noopener"><strong style="color: #00b451">Rakesh Ranjan</strong></a> is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). <a href="https://mercomindia.com/author/rakesh-ranjan-parashar/" rel="noopener noreferrer">More articles from Rakesh Ranjan.</a></p>
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SECI Releases ₹4.91 Billion to Solar, Wind Developers for Power Purchase in April

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