SECI inks agreement with GRIDCO for procuring wind power

Solar Energy Corporation of India (SECI) inked a power sale agreement with Grid Corporation of Odisha (GRIDCO) Limited for procurement of 390 MW wind power under inter-state transmission system (ISTS) tranche XII scheme. With an addition of 10 MW wind power from ISTS tranche XI, it becomes 400 MW. As per the agreement that was signed on February 2, 2023, GRIDCO will procure 400 MW low cost wind power through SECI from ISTS connected wind power projects in Karnataka and Gujarat from 2024-25 for 25 years. GRIDCO will procure the power at a tariff range of Rs 2.96 to Rs 3.01 per unit. In addition to meeting future energy demand of the state, the wind power will help in complying with renewable purchase obligations.