OPEN ACCESS

Indias Largest REC Trading Company

March/April 2013
Vol: XXX

CONTENT

REC 2nd Amendment by

CERC - An Analysis

Regulatory Updates

REC Trade Results

REC Project Stats

Green News

About REConnect

From Managements Desk

Dear Readers,
April is the first month of the compliance year FY14 and a low
demand situation was expected in this months trading session.
Price for Non-Solar RECs remained at floor, and the buy bids
saw a jaw-dropping reduction in numbers. Clearing ratios recorded were also poor at both exchanges. On the contrary, solar REC volumes did not see such significant dip as was with
non-solar RECs. Compared to March13, the prices, although
came down considerably. The number of solar projects is continuously increasing under the REC scheme which provide a
good amount solar RECs in the coming months.
Honble CERC in early April13 came up with draft of second
amendment to the CERC (Terms and Conditions for recognition
and issuance of Renewable Energy Certificate for Renewable
Energy Generation) Regulations 2010. Through these regulations, CERC can be seen to extend greater clarity on some of
the key issues surrounding Indian REC Markets. States of
Madhya Pradesh and Andhra Pradesh have come up with new
industrial and other RE tariffs. Also, Honble KERC in an order
has extended banking facility to solar projects.
Detailed analysis on all these along with various other regulatory updates is presented in this newsletter. As usual, we would
love to get your feedback.
- Team REConnect

PAN

Managing REC

45%

India

2.1 GW

Market Share

Presence

Projects under

16

management

States

in REC Trading

CERC 2nd Amendment on REC

Regulatory Updates

REC Trade Report

REC Project Stats

Projects in

Green News

About REConnect

REC 2nd amendment by CERC - An Analysis

Honble CERC in a notification dated 2nd April 2013 has
come up with a draft regulation on the second amendment to the Honble CERC (Terms and conditions for
recognition & issuance of renewable energy certificate
for renewable energy generation) Regulation 2010.
Honble CERC in the proposed amendment can be
seen extending clarity to some of the key points which

If all the projects participating in

bidding process are disqualified
from participating in the REC
regime through legislation, we are
taking away very valuable option
from not only RE generators but
also from DISCOMs

were, by now, having turbidity. The very first amendment to the CERC REC Regulations 2010 was published
in the official gazette on 01.10.2010. Honble CERC has
done a detailed study of the market (which has seen
many ups and downs during the period of 3 years) before coming with the proposed amendments.

from not only RE generators but also from DISCOMs to

procure only commodity electricity through a competitive bidding not limiting the participation from the
generating companies to a specified generation segment.

Our detailed analysis, having a holistic view of the impact of such proposed amendments on various stake-

Honble Commission has proposed to con-

holders of the Indian Power Market, has been pre-

sider the connected load capacity of the ba-

sented in the article.

gasse based co-generation plants, as as-

Honble Commission has proposed to dis-

sessed/sanctioned by the concerned distri-

qualify RE generators supplying electricity

bution licensee, as the capacity for captive

through a competitive process (under Sec62

consumption for the purpose of accredita-

& 63 of EA-2003) from participating into the

tion and registration irrespective of the ca-

REC Mechanism.

pacity tied up under the preferential tariff.

In our view, such an amendment would result into sig-

This particular amendment proposed by the CERC

nificant loss of opportunities for many RE Generators

comes in the wake of a recent petition filed by M/s

and the distribution licensees. With the success of re-

Dalmia Bharat Sugar and Industries Limited (DBSIL)

verse bidding in Solar Market, we may soon anticipate

against the motion passed jointly by UPNEDA (state

reverse bidding or competitive bidding process to start

agency) and NLDC (central agency), in which the latter

in other RE segments like Wind, SHP and Biomass. For

ordered revocation of the already granted accredita-

example, Rajasthan has already initiated procurement

tion and registration by issuing a show cause notice to

of wind power through a bidding process. If all the

the former. In the issue, CERC had realized that though

projects participating in bidding process are disquali-

according to REC Regulations, the generator is re-

fied from participating in the REC regime through leg-

quired to cover the capacity under preferential tariff as

islation, we are taking away a very valuable option

fixed and supply of power as firm, in case of RE gen-

www.reconnectenergy.com

Page 1

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REC 2nd amendment by CERC.contd.

erators like the bagasse based co-gen plant, it is difficult to get a firm capacity under preferential tariff as
the captive consumption of power varies from season
to season.

Honble

Commission has proposed to

change the phrase price not exceeding
pooled cost to price AT pooled cost. for
RE
generators
participating
under
APPC+REC route.

In our view the proposed amendment to mandate purchase of electricity by a distribution licensee at pooled
cost of power purchase instead of at a price not exceeding pooled cost of power purchase will bring in
more transparency for all RE generators as DISCOMs
will not get an opportunity to further negotiate the
price with an RE generator willing to sell electricity at
APPC. This provision, also justifies the existence of
floor price which reflects the difference between the
project viability and APPC.
Honble Commission has proposed to re-

move waiver of E-Duty as a part of qualification criteria for CGPs willing to participate
into REC mechanism.
This amendment has relevance to electricity duty
waiver extended by various State Governments to all
CGPs in the state, where SERCs and CERC has limited
jurisdiction and the same being treated as promotional, deterring many RE CGPs to participate in REC
Mechanism. With the introduction of such a clause, the
CGPs facing disqualification particularly due to E-Duty
Exemption are likely to be most benefitted as now they
would be able to access the REC regime. For detailed
analysis on the REC eligibility of renewable fuel based
co-generation plants refer our Newsletter Vol. XXIX.
Honble CERC has proposed to permit non-

captive RE generators using electricity for

the purpose of self-consumption to participate into REC mechanism provided: Such RE
generator not fulfilling the conditions of
www.reconnectenergy.com

CGP as prescribed in the Electricity Rules,

2005 and availing the concessional benefits
in the form of transmission or wheeling
charges and/or the banking facility benefit
shall be required to forego such benefits for
the purpose of availing renewable energy
certificate for self- consumption of energy
generated.
This particular amendment is yet to bring clarity on the
application of cross subsidy surcharge in this issue.
Honble CERC also, is yet to throw light on the fact that
if 3 years of cooling period would be applicable if noncaptive RE generator forgoes the concessional benefits.

Honble Commission has proposed to extend

REC issuance application period from three

months to six months period. Further, the
commission has also proposed to accommodate issuance applications at REC Registry
on 10th, 20th and last day of every month.
Extension of the abovementioned application period
from three months to six months is going to be accepted by RE generators with much enthusiasm. Under
the current set of regulations, the process of issuance
application for a RE generator gets a very tight timeline
to get the issuance completed within the same month,
that too before trade day which is on last Wednesday
of the month. For many generators, REC revenue from
trading plays a major role and hence getting issuance
done in the same month has significant importance

Under the current set of regulations,

the process of issuance application for
a RE generator gets a very tight
timeline to get the issuance
completed within the same month,
that too before trade day which is on
last Wednesday of the month.

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REC amendment by CERC.contd.

from the cash-flow point of view. RE generators will now
be enough time to settle various operational issues like
getting open access approval etc. Although, the fact that
holding of RECs for longer duration by the generators
may now become a frequent event.

Removal of 'waiver of electricity duty' as a disqualification for RE captives from REC mechanism

Any RE project that does not fall under the defi-

Honable commission has proposed to permit

nition of a captive generating plant but avails

captive generating plant to retain the certificates for offsetting its renewable purchase obligation as a consumer subject to verification
by the concerned state agency. Provided that
the captive generating plant shall inform the
Central Agency regarding the details of the
certificates retained by it for meeting its renewable purchase obligations.

the benefits of preferential wheeling/ banking

For CGPs who have surplus (left after offsetting their

RPO) of RECs in their portfolio, this particular amendment is of significant interest as now they will be rewarded for this surplus purchase, rather than bringing a
state of revenue loss. CGPs can now increase substantial
buyer side participation in an era when market performance is poor and hope to contribute as a seller when
market condition improves. Overall this amendment can
be said, to have proposed, keeping in mind the very
need to improve the demand-supply mismatch in the
already fledgling REC Markets.
Further, this clause will also provide high level of flexibility to RE CGPs to freely participate under REC mechanism
without worrying much about their varying RPO needs as
they could self-redeem RECs as per their actual requirements.
Also, the proposed provision may also help corporate
having more than one captive consumption units to
meet their RPO compliance more effectively if selfredemption of RECs can be allowed at group level and
not at individual consumption units level.

In a nut-shell the following are the key amendments

proposed :

help achieve uniformity in approach.

Eligibility for REC will be for power sold 'at APPC'

will have to forego such benefits to avail RECs

for the self-consumption portion.

Application for REC issuance to be made within 6

months of generation (presently it is 3 months),
and on the 10th/ 20th or last day of the month

Captive generating plants shall be allowed to

retain RECs for their own compliance (presently
all RECs have to be traded through the exchanges)

Clarificatory change on issuance of RECs - RECs

to be issued for generation for the date of commissioning or registration, whichever is later

Shelf life of RECs to be extended to 730 days.

Clarificatory changes related to capacity under

generation. This will particularly apply to bagasse
based co-gen projects and many other RE based
co-generation units some which sell partial capacity under PPA.

Overall, the proposed amendment seeks to bring

high level of operational clarity and flexibility for RE
generators, obligated entities and also state nodal
agencies facing difficulties in arriving at conclusion
on eligibility of many bagasse based co-generation
plants.
However, some other important aspects like inclusion
of off-grid projects under REC, multi-lateral trade of
RECs etc have not been addressed in the proposed
amendment.

- end of article -

rather than the present 'at or below APPC'. This will

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Regulatory Updates
MP introduces new tariff for wind and bagasse
based cogen plants
Honble MPERC recently unveiled its wind tariff order
2013 for procurement of power from wind energy generators. For new wind projects commissioned after
26.03.2013, the tariff has been set as Rs. 5.92 per unit.
The commission has considered Rs. 596 lakhs per MW
(including cost of power evacuation) and capacity utilization factor of 20% for tariff determination. Other important parameters considered are as under:
MPERC Wind Tariff Order 2013
Parameters
Commissions Decision
Plant Life
Depreciation
Return on Equity
Debt - Equity Ratio
Tariff Approved

25 years
7% per annum for first 10
years and balance 20 % in
next 15 years
20 % pre tax
70:30
Rs. 5.92/kWh

MPERCs previous wind tariff order available dates back

in the year 2010 when a tariff of Rs. 4.35 per unit was
finalised. This implies that there has been increase of
36.09 % in this years tariff. The distribution company in
whose area the energy is consumed has been ordered
to deduct 2 % of the energy injected towards wheeling
charges for third party sale/captive consumption.
Given the fact that Govt. of India has considered reintroduction of Generation Based Incentive for WEGs in
its Budget for FY14, the wind power generation business in the state seems lucrative. The APPC + REC
module, on the contrary, has limited encouragement
for WEGs wanting to participate in the REC Markets
considering the fact that RECs have been trading at
floor prices and the APPC in the state is around Rs.
2.47 per unit. This sums up the net realization for WEGs
to be around 3.97 Rs per unit which is indeed 33% less
than what preferential tariff has to offer.
MPERC also came up with new tariff for bagasse based
cogeneration plants in Madhya Pradesh. The tariff for
new plants to be commissioned on or after 01.04.2013
www.reconnectenergy.com

has been determined as Rs. 6.28 per unit for a project

life of 20 years.
MPERC Bagasse Based Cogen - Tariff Order 2013
Parameters
Commissions Decision
Plant Life
20 years
7% per annum for first 10
years and balance 20 % in
Depreciation
next 10 years
Capital Cost
436 lakhs per MW
Return on Equity
20 % pre tax
Debt - Equity Ratio
70:30
Gross Calirific Value
2250 kCal./kg.
The important parameters considered for tariff determination are provided in the table above:

Andhra Pradesh, Madhya Pradesh hike Industrial

Tariffs
The retail tariff order for FY 2013-14, rolled out by
Honable APERC, has brought a major setback for the
industries of the state. The hike in tariff was quite significant as it implies that industries dependent on grid
power will receive inflated power bills. Evidently, this
steep hike has also attracted much of agitation in the
form of protests from various organizations.
APERC Retail Tariff
Category
FY 2011- FY 2012- FY 2013Particuof Con12 (Rs. 13 (Rs. 14 (Rs. CAGR
lars
sumers
Per unit) Per unit) Per unit)
11 kV
HT I A Industry 33 kV
(General) 132 kV
and
above

2.97

4.8

5.73

24.49%

3.25

4.37

5.3

17.71%

3.52

3.97

4.9

11.66%

The tariffs have been hiked for all categories, low tension domestic, commercial and high tension industrial
consumers. Industries connected to 33 kV HT line will
now be paying 21.2 % more i.e. Rs. 5.30 per unit as
compared to Rs. 4.37 per unit for previous fiscal (FY
2012-13). The upward movement of tariff can be seen
in the table below:
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Regulatory Updates.contd.
Though the retail tariff order may seem outrageous to
MPERC Retail Tariff
FY 2012- FY 2013- PercentCategory of
Particulars 13 (Rs. 14 (Rs. age InConsumers
Per unit) Per unit) crease

HV 3.1
(Industrial)

11 kV

4.5

4.6

2.22%

33 kV
132 kV and
above

4.1

2.50%

3.8

3.95

3.95%

many, in our opinion it is going to be a big push for

solar captives in the state, based on the fact that it
would just improve the economics as far as having an
in-house solar captive power plant is concerned. An
attractive solar policy with many incentives on offer in
the state of Andhra Pradesh also backs up this assertion to a greater extent.
MPERC also increased tariff for industrial consumers by
3.9 % which though is not as steep as that mandated
by APERC, but just goes to show how various states
device methods to rescue their cash-strapped DISCOMs.

Karnataka extends banking facility to Solar Projects

Honble KERC has come up with an order dated
22nd March 2013 for introduction of banking facility to
Solar Power Projects in Karnataka. KERC had previously
invited comments /suggestions on the issue latest by
25th October 2012.
The Commission has asserted that solar power indeed
is infirm in nature and is therefore comparable to those
of mini-hydel and wind. In view of the same, the commission has agreed and extended banking facility, with
banking charges of 2%, to solar projects on the same
terms and conditions as prevalent and applicable to
mini hydel and wind generators.
MESCOM and CESC though had a contradictory opinion on the same. CESC submitted that since it has not
met its RPO it is not in favor of the motion, while

www.reconnectenergy.com

MESCOM feared that it will not be able to meet its RPO

as generators will then opt for Open Access. Moreover
extending banking along with free wheeling will burden these DISCOMs further.
Referring to an order of Honble ATE dated 22.01.2009,
KERC avers that Solar Power Generators will have to
bear the difference between the UI charges prevalent
at the time of injection and UI charges prevalent at the
time of drawal of power along with fixed banking
charges of 2%.
Wheeling charges as of now is zero for solar projects
and KERC ordered that the same would continue until
further notifications.
In our opinion, since zero wheeling charges will be regarded as promotional, solar generators under CGP
category will have to face some glitches as far as their
eligibility to explore the REC Market is concerned. Also
since solar generators may now favor opting open access, to offset their renewable purchase obligations
DISCOMs will inevitably have to buy RECs from the
market rather than signing PPAs with solar generators.

Uttar Pradesh unveils its Solar Power Policy

2013
The state of Uttar Pradesh (U.P.) in March 2013 has unveiled its solar policy Solar Power Policy Uttar Pradesh
2013 with a target to reach 500 MW of installed capacity of SPP in the state by March 2017. This policy
will come into effect from the date of issuance and
shall remain in operation up to 31st March 2017. However, no benefit of this policy will be available to projects set up under any incentive scheme of MNRE.

More importantly within days of its official release, interested bidders were invited to submit their respective
response to Request for Proposal (RfP). To start with,
the competitive bidding will be held for a capacity of
200 MW and the last date for submission being
marked as 24th April 2013.
Prominent features:

Grid connected solar power projects will be imple-

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Regulatory Updates.contd.
mented on suitable land banks identified and procured
by the developer. In case of Projects to be set up on
government land or space, selection of the developer
will be done by the department or nodal agency
through a transparent process.
Minimum 5 MW capacity solar power projects will be
covered under this policy.
The energy generated from solar power projects that
are commissioned during this policy period can be sold
to distribution utility UPPCL or to third party or for
captive use.
Sale of energy to local DISCOM:

Projects developers willing to sell their electricity to the

distribution company of the state will compulsorily
have to participate in the competitive bidding process
for tariff determination, subject to approval from
UPERC.
In case the bids are received for an aggregate capacity
more than 200 MW, selection of bidders shall be done
on the basis of lowest quoted tariff in ascending order.
UPPCL will sign PPA with successful bidders for a period of 10 years.
For PPAs signed as a result of competitive bidding, difference in the case I bidding tariff arrived at by UPPCL
for purchase of conventional power and the price of
solar power discovered through this bidding shall be
payable to the distribution utility for power purchased
from solar power projects for first 200 MW of solar
power commissioned under this policy for a period of
10 years. Budgetary support provided by the State
Government to the Nodal Agency under the budgetary
head Incentive scheme for Solar Power Generation
will be utilized for these purposes.

However, Subsidy or GBIs will not be available to such

projects.
Captive sale of solar power:

Solar power plants of above 5 MW capacities to be

built for captive use will also be eligible for the incentives under this policy with wheeling arrangement.
Timeframe:

Time frame for commissioning of Solar PV projects will

be 13 months and solar thermal projects would be 28
months from the date of signing of PPA.
Grid connectivity & evacuation infrastructure:

The responsibility of getting connectivity with the

transmission system owned by the DISCOM/STU will lie
with the Project Developer.
The cost of the transmission line up to the feed in
substation viz the point of interconnection where the
metering is done shall be borne by the Solar Project
Developer.
However the entire cost of transmission including cost
of construction of line, wheeling charges, losses etc.
will be borne by the Project Developer and will not be
met by the STU/DISCOM.

Sale of energy to third party:

Project developers can sale their power to a third party

but no PPA would allowed even in future date with distribution utility. Projects under this route will have to
register with the nodal agency, sign an agreement and
furnish a performance bank guarantee till the commissioning of the project.

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CERC 2nd Amend-

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ment on REC

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REC Trade Report - April 2013

For past trading history - CLICK HERE

Non Solar RECs

Demand remained low as the compliance year has just begun. This also reflected in extremely low clearing ratios at
both the power exchanges. However, participation from sellers remained quite high - about 92.5 % of total available RECs that participated in the trade session.

Interestingly, 521 participants at IEX could create demand of only 10670 RECs - clearly reflecting lack of participation of large CPPs and distribution licensees.

3,000
2,500
IEX
2,000
1,500

PXIL
1,500

1,500

1,500

1,000
Feb'13

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Mar'13

April'13

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Indias largest REC Trading Company

CERC 2nd Amend-

Regulatory

ment on REC

Updates

REC Trade Report

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REC Trade Report - April 2013

For past trading history - CLICK HERE

Solar RECs

Momentum in Solar RECs still remained high with Market clearing 2217 RECs at price of Rs. 12000 and above.
Of 3077 Solar RECs available for trade, around 2217 RECs got redeemed in this particular trade session.

With increasing number of projects participating in Solar REC, we can expect Solar REC supply to strengthen further.

14000
13500

13000
MCP-IEX

12500

MCP-PXIL

12000
11500
11000

Feb'13

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Mar'13

April'13

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REC Trade Report - March 2013

For past trading history - CLICK HERE

Non Solar RECs

Demand increased substantially in March, 2013 to 431,054 from 155,186 in February (an increase of 177.7 %). This
was also the highest volume cleared in the financial year. March was the last trading session for the compliance
period 12-13, and hence the increase did not come as a surprise. However, thanks to the significant over-supply
build over the last several months, prices remained at floor despite the rise in demand.

Total buy bids were at 431,054, while sell bids were 1919432. Clearing ratios on both exchanges improved, and
were at approx. 25% on IEX and 20% on PXIL.

3,000
2,500
IEX
2,000

PXIL

1,500

1,000
Jan'13

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Feb'13

Mar'13

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Indias largest REC Trading Company

CERC 2nd Amend-

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Updates

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REC Trade Report - March 2013

For past trading history - CLICK HERE

Solar RECs
The solar REC market remains buoyant.

Prices hit the ceiling level of 13,400 on IEX and were at 13,000 on PXIL. Demand was at an all time high, while supply continues to increase slowly. Total demand was 7610 while supply was 3816.

13600
13400

13200
13000
12800

MCP-IEX

12600

MCP-PXIL

12400
12200

12000
Jan'13

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Feb'13

Mar'13

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REC Project Status - As on April 05, 2013

Registered Capacity
3482.278 MW

All figures
in MW

Projects Registered
Source wise

All figures in
MW

Projects Registered
State wise

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Green News - National

CERC breather for Adani Power to choke profits of Gujarat DISCOMs
The recent order of the Central Electricity Regulatory Commission (CERC), allowing Adani Power to increase price
of power from its imported-coal-based project at Mundra in Gujarat, is likely to put pressure on the profits of four
highly-rated and profit making distribution companies (discoms) in the state. This could lead to an increase in
power tariffs for consumers.
Read more

Biomass power generation scene smoky

Experts and entrepreneurs at the workshop 'to promote biomass power technologies and identification of pipeline projects' organized by the ministry of new and renewable energy (MNRE), UNDP and Global Environment Facility (GEF), cautioned that most of the 10 MW biomass power plants set up in the country in the past few years
were on the verge of closing down due to unavailability of a steady supply of feedstock.
Read more

First Solar plant starts

A 5MW solar power plant of NTPC - the first non-conventional energy plant in the district - was inaugurated for
commercial operations in the Dadri unit of the company on Saturday. The plant is also the first solar project of the
public sector company to be commissioned anywhere in the country.
Read more

Reconsider decision to drag India to WTO on solar energy

A dozen odd eminent American and international organizations have asked the US to reconsider its decision to
drag India to WTO over solar energy policy. In a letter to US Trade Representative (USTR) today, these organizations have said that dragging India to World Trade Organization (WTO) related to local content in solar panels
would not only undercut New Delhi's effort to reduce poverty, but also detrimental to developing a solar energy
industry.
Read more

AP hikes power tariff for all consumers

Power consumers in Andhra Pradesh will have to pay up more from April 1, 2013 with the Andhra Pradesh Regulatory Commission passing a new tariff order for next financial year. The tariffs have been hiked for all categories,
low tension domestic, commercial and high tension industrial consumers.
Read more

Meghalaya plans hi-tech renewable energy policy

The Meghalaya government is contemplating a hi-tech, environment-friendly approach to counter power deficiency in the state besides contributing to the environment through its Meghalaya Renewable Energy Policy,
which is on the offing. This was informed by chief minister Mukul Sangma, who also holds the power portfolio in
the state assembly. "It is time that we redesigned our approach," he said.
Read more

India hit by Chinas Solar energy war

Notwithstanding the economic slowdown, several countries across the globe are engaged in a bitter fight for
firmer control over solar energy - a key energy source in future. The epicenter of the war is China, which has
flooded the global market with its cheaper variants of solar equipment. However, the major economies are trying
to hit back using trade restrictions.
Read more

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Green News - International

Romania energy regulator recommends cutting support to renewable energy
Romanian energy market regulator ANRE has recommended cutting the support for renewable energy producers
provided under the tradable green certificates* [TGC] system currently in force. ANRE published its recommendations on its website. The move might be followed by open debates before the government takes a final decision.
If ANRE's recommendation is endorsed as it is, the impact will be moderate to none on the wind-power sector
but will prevent excessive expansion of costly PV projects after January 2014.
Read more

North American Wind Power : California City to buy only carbon-neutral electricity
The Palo Alto (California) City Council has voted to implement a Carbon Neutral Plan, which commits the city to
pursuing only carbon-neutral electric resources, effective immediately. Palo Alto owns all of its utilities, and the
city has many contracts for renewable energy in its electric portfolio, including for wind farms, solar arrays and
landfill gas. In addition to these renewable resources, about 50% of the city's electric supply comes from hydroelectric generation
Read more

Bowdoin carbon-neutrality plan taking the easy way out with low-impact RECs - The Bowdoin
Orient
The mantra dots the Bowdoin campus, plastered on students computers and water bottles, displayed in College
publications, and featured on the Bowdoin website. With all the talk this year about divestment and climate action, some might argue that Bowdoins commitment to carbon neutrality satisfies its stated commitment to safeguard the environment.
Read more

Palo Alto takes a leap : 100 % carbon neutral electricity

The City of Palo Alto has voted to use only carbon neutral sources of electricity from now on, effective immediately. It can do that because the city owns the utility and recognizes environmental sustainability as a top priority.
Read more
Tanzania wind energy potential fairly high
RECENTLY, the German embassy in Dar-es Salaam, in collaboration with the Dar es Salaam Institute of Technology (DIT), organized renewable energies technology exhibition. The goal of the technology exhibition known as
"renewables - Made in Germany" was to draw worldwide attention to the possible applications of renewable energies and to support technology transfers. At the fore of the exhibition is an overview of renewable energies
technology with a special focus on the strengths of German suppliers and systems solutions.
Read more

State renewable energy policy developments - March Recap

Attacks on state renewable energy deployment policies continue in at least twenty-two states. However the news
is not all bad with a near equal balance of states presenting opportunities to expand, strengthen or improve existing renewable energy policies. For fellow energy policy wonks out there, the North Carolina Solar Center posted this handy compendium of all state-level renewable and clean energy legislative developments taking
place in 2013. Below is a brief March recap of the states where NRDC is actively defending, strengthening or improving policies to promote clean and renewable energy deployment
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Indias RPO Map

States

2012-13
RPO
Obligation
(Non Solar)

2012-13 RPO
Obligation
( Solar)

Andhra Pradesh

4.75 %

0.25 %

Assam
Arunachal Pradesh

4.05 %
4.10 %

0.15 %
0.10 %

Bihar

3.25 %

0.75 %

Chhattisgarh

5.25 %

0.50 %

Delhi

3.25 %

0.15 %

Gujarat

6.00 %

1.00 %

Haryana
Himachal Pradesh
J&K

1.50 %
10.00 %
4.75 %

0.50 %
0.25 %
0.25 %

Jharkhand

3. 00 %

1.00 %

Karnataka

10.00 % *

0.25 % *

Kerela

3.35 %

0.25 %

Madhya Pradesh

3.40 %

0.60 %

Maharashtra

7.75 %

0.25 %

Meghalaya

0.60 %

0.40 %

Orissa

5.35 %

0.15 %

Punjab

2.83 %

0.07 %

Rajasthan

6.35 %

0.75 %

Tamil Nadu

8.95 %

0.05 %

Tripura

0.90 %

0.10 %

Uttrakhand

4.50 %

0.025 %

Uttar Pradesh
West Bengal
Goa & UTs
Manipur
Mizoram
Nagaland

5.00 %
4.00%
2.60 %
4.75 %
6.75 %
7.75 %

1.00 %
N.A
0.40 %
0.25 %
0.25 %
0.25 %

Status of Regulation - Final for all states.

RPO on OA Users? - Yes for all states.
Gujarat - Not Available.
Karnataka - Yes (> 5MW) 5.00% RPO.
West Bengal - Not Applicable.

RPO on CPP? - Yes for all states.

Gujarat - Yet to be notified.
Orissa, Jharkhand, Tripura, Karnataka(5.00% RPO) - Yes (> 5MW).
West Bengal - Not Applicable.
RPO Penalty? - Yes (RECmax) for all the states.
West Bengal - Not Specified.
* 10% + 0.25% (BESCOM,MESCOM,CESC), 7% + 0.25% for others.
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Indias largest REC Trading Company

CERC 2nd Amendment on REC

Regulatory Updates

REC Trade Report

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About REConnect

REConnect Energy is Indias leading renewable energy trading company. We provide end-to-end
services for projects in the Renewable Energy Certificate mechanism from contract structuring
and advisory to monetization of RECs. We also work with consumers to manage Renewable Purchase Obligation liabilities, and develop and execute their energy sourcing strategy. We are a
knowledge focused company that prides itself in providing premium services to our clients
backed by in-depth research and analysis.
REConnect is run by an experienced and professional team. The team consists of members with
relevant experience of working at IEX, L&T, JP Morgan, Arthur Andersen and Gensol. Key members
of the team are alumnus of IIT Bombay, Columbia University (an Ivy League university) and IIT
Kharagpur.
For more details of services provided and profile of the management team, please visit our website.

Contact Details

Bangalore:

New Delhi:

Vishal Pandya

Vibhav Nuwal

Vishal.Pandya@reconnectenergy.com

Vibhav.Nuwal@reconnectenergy.com

# 4123, 6th Cross, 19th Main,

# 216, Nirvana courtyard, Nirvana Country,

HAL 2nd Stage, Indiranagar,

Sector 50,

Bangalore - 560008

Gurgaon 122018, Haryana

O : 080 - 6547 3383 / 84

O : 0124 - 4103216

F : 080 - 30723571

F : 080 - 30723571

Mumbai:

Chennai:

Ram Kumar ( +919930359992 )

Rajesh Vaidyula ( +91 9940478306 )

Ramkumar@reconnectenergy.com

Rajesh.Vaidyula@reconnectenergy.com
# 18/1 (88), 2nd Floor, Aarya Gowda Road,
West Mambalam, Chennai - 600 033

Hyderabad:

Solar Market:

Bhanu Tejja ( +91 7799874036 )

Anurag Dhyani ( +91 7760300499 )

Bhanu.Tejja@reconnectenergy.com

Anurag.Dhyani@reconnectenergy.com

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