The Solar Energy Corporation of India (SECI) secured a ₹660 crore loan from the Indian Renewable Energy Development Agency (IREDA) to finance a 200 MW solar photovoltaic power plant in Madhya Pradesh. The project is part of India’s CPSU Scheme Phase-II, which aims to accelerate renewable energy deployment through state-run initiatives. Located in Madhya Pradesh, the solar plant will contribute to the state’s renewable energy capacity and support India’s target of 500 GW of non-fossil fuel energy by 2030. The financing structure includes additional support from IREDA, ensuring strong financial backing for the project. The loan agreement was finalized on April 13, 2026, with no further regulatory approvals required as SECI is a government-owned entity. This deal underscores India’s push for large-scale solar expansion under centrally sponsored programs.