The Solar Energy Corporation of India (SECI) has signed an MoU with the Delhi Metro Rail Corporation (DMRC) to work together on developing an initial 500MW capacity of off-site solar projects over three years.
DMRC is aiming to mitigate the effects of regular increases in grid tariffs.
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Both entities will source additional power from other developers and generators, which are not on DMRC sites. DMRC will enter into long-term power purchase agreements with the project developers, but SECI will be responsible for ownership and operation of the projects.
An action plan and a joint development team consisting of senior officials from both organizations will be formed to carry out the plans.
