Solar Energy Corporation of India, which has been set up to develop the solar power sector, has received inter-state electricity trading licence.
The Central Electricity Regulatory Commission (CERC) has approved 'Category III' inter-state power trading licence to the company.
Among others, an entity should have a net worth of Rs 5 crore to be eligible for trading licence under Category III -- where there is some limit on volumes of electricity that can be traded.
"We are satisfied that the applicant company meets the requirements of the (Electricity) Act and the Trading Licence Regulations for grant of inter-state trading licence for Category III," the regulator said in an order dated April 1.
The licence has been issued subject to certain conditions including limit on trading volume. In exceptional circumstances, SECI can undertake trading in electricity up to the maximum of 120 per cent of the volume of trade authorised under the licence granted to it.
Electricity is traded on power exchanges.
Solar Energy Corporation of India (SECI), set up in September 2011, comes under the administrative control of Ministry of New and Renewable Energy.
Mandate of SECI allows wide ranging activities to be undertaken to facilitate implementation of JNNSM (Jawaharlal Nehru National Solar Mission) besides it has the objective of solar technologies and inclusive solar power development in the country, according to its website.
