SECI becomes central agency for renewable bidding
The Ministry of New and Renewable Energy (MNRE) has named Solar Energy Corporation of India (SECI) as the main agency for renewable energy bidding.
This means SECI will now issue most renewable power tenders. It will act as a central buyer and organizer.
The goal is to make bidding simpler and more transparent. It also helps maintain fair competition among developers.
Existing agencies will complete earlier projects
Companies such as NTPC Limited, NHPC Limited, and SJVN Limited will continue handling earlier contracts.
They must review pending agreements carefully. Projects that cannot move forward may be cancelled step by step.
This process helps reduce delays and ensures only strong projects continue.
Policy improves transparency and demand planning
The new rules prevent changes to tariffs after bidding ends. This step improves trust among investors and developers.
Agencies must also check real demand before launching new tenders. This helps avoid building excess power capacity.
Overall, the policy supports steady renewable energy growth. It also helps India move toward cleaner energy systems.
