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Why SECI struggles to find buyers for its renewable energy tenders

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Why SECI struggles to find buyers for its renewable energy tenders

The Solar Energy Corp. of India (Seci) is currently under scrutiny due to its involvement in a bribery scandal alongside Indian tycoon Gautam Adani. Seci acts as a mediator between private power producers and state power distribution companies (discoms) to promote renewable energy. However, challenges have arisen as Seci struggles to secure buyers for the power generated from these projects, leading to allegations of bribery in the tendering process. Issues such as a mismatch between supply and demand, financial constraints of discoms, and flawed tender contracts have contributed to these challenges. To address these flaws, it is suggested that Seci prioritize securing buyers before tendering, review bid expiry policies, balance incentives for local manufacturing, and ensure accountability across the energy value chain.

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