Lok Sabha Question No. 88 (UNSTARRED), answered on 2023-02-02
Subject: Functions of IREDA & SECI
Ministry: NEW AND RENEWABLE ENERGY
Asked by: T. R. Paarivendhar

## GOVERNMENT OF INDIA MINISTRY OF NEW AND RENEWABLE ENERGY

## LOK SABHA

## UNSTARRED QUESTION NO. 88 ANSWERED ON 02.02.2023

## 88. DR. T.R. PAARIVENDHAR

Will the Minister of NEW AND RENEWABLE ENERGY be pleased to state:

- (a) the role and functions of Indian Renewable Energy Development Agency (IREDA) and Solar Energy Corporation of India Limited (SECI) in the renewable energy sector of the country;
- (b) whether any significant development / advancement being made / achieved by these two organisations in the renewable energy sector of the country / economy during the last three years and the current year; and
- (c) if so, the details thereof?

## ANSWER

## THE MINISTER OF NEW & RENEWABLE ENERGY AND POWER

## (SHRI R.K. SINGH)

(a) IREDA is a dedicated Non-Banking Financial Institution for financing new and renewable energy and energy efficiency/ conservation projects in the country.  It has been playing the role of a catalyst in development of renewable energy (RE) sector. IREDA's operational areas include financing to solar, wind, hydro, bio-energy, waste-to-energy, energy efficiency, biofuel, new and emerging technologies based projects. The unstinted and proactive efforts made by IREDA have facilitated commercialization of renewable sector in India, resulting in active participation from domestic commercial banks, financial institutions, international funding agencies and FDI, etc.

SECI  is  an  implementing  agency  of  MNRE  for  promoting  renewable  energy  sector  through various activities  as  envisioned  by  Government  of  India.  One  of  its  major  activity  is  issuing tenders for development of solar projects, wind power and hybrid projects on pan-India basis on the  basis  of  Bidding  guidelines  issued  by  the  Government.  Projects  are  awarded  to  various developers through competitive bidding process. SECI also sets up RE projects through its own investment and offers consultancy services. SECI is a Category-1 licensee for trading of power on pan-India basis. It is the power procurement intermediary for projects being set up through its tenders, procuring power from developers and selling to Discoms though long term PPAs/PSAs.

(b) & (c) IREDA has been constantly developing new instruments / innovative products which have helped in increasing the lending to the RE sector.  As on 24.01.2023 IREDA has sanctioned 3069  Project  Loan  Accounts  with  Cumulative  Loan  Sanctions  of  ₹  1,41,636.88  Crore  and Cumulative Loan Disbursements of ₹ 91,541.55 Crore  supporting more than 19.50 GW of RE capacity addition in the country, which accounts for approx 16.12 % of installed RE capacity in the country.

The CAGR growth for last 3 financial years (2019-20 to 2021-22) in terms of loans sanctions and disbursements is 37.26% and 35.25 % respectively.  The loan sanctions and disbursements for last three years and the current financial year are as under:

Amount: Rs/Crore

| Parameters          | 2019-20   | 2020-21   | 2021-22   | 2022-23 (As on 24.1.2023)   |
|---------------------|-----------|-----------|-----------|-----------------------------|
| Loan Sanctions      | 12,696.11 | 11,001.30 | 23,921.06 | 21,114.63                   |
| Loan Disburseme nts | 8,785.31  | 8,828.35  | 16,070.82 | 12,353.12                   |

SECI  is  the  premier  trader  of  RE  power  in  the  country.  It  has          cumulatively  signed PPA/PSAs of 46,902.64 MW (as on 17.01.2023). Total installed RE capacity under SECI tenders is 18.655 GW (as on 31.12.2022).

Details of RE power traded by SECI, capacity awarded and commissioned under SECI's tenders during the last three years and current year is given below-

| Year    | Power Trading Volume (Million Units)   | Capacity Commissioned (MW)   | Capacity Awarded        |
|---------|----------------------------------------|------------------------------|-------------------------|
| 2019-20 | 11549                                  | 2182.71                      | 13306.8                 |
| 2020-21 | 14818                                  | 1733                         | 15950                   |
| 2021-22 | 22086                                  | 4862.68                      | 5635                    |
| 2022-23 | 23072 (as on 30.11.2022)               | 4625.32 (as on 30.01.2023)   | 3370 (as on 30.01.2023) |

In addition, SECI is also implementing various schemes of MNRE in which it plays the role of disbursing Central Financial Assistance (CFA) to the project implementing agencies on the basis  of  pre-defined  scheme  milestones,  including  for  Solar  Parks  Scheme,  Scheme  for Defence Establishments and CPSU scheme.

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