open access volume 30 mar april13 v3

Indias Largest REC Trading Company

OPEN ACCESSOPEN ACCESSOPEN ACCESS

March/April 2013

Vol: XXX

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 re-corded were also poor at both exchanges. On the contrary, so-lar 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 con-tinuously 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 regula-tions, 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 regula-tory updates is presented in this newsletter. As usual, we would love to get your feedback.

- Team REConnect CO

NT

EN

T

REC 2nd Amendment by

CERC - An Analysis

Regulatory Updates

REC Trade Results

REC Project Stats

Green News

About REConnect

REC 2nd amendment by CERC - An Analysis

CERC 2nd Amend-

ment on REC About REConnect Green News REC Project Stats REC Trade Report Regulatory Updates

www.reconnectenergy.com Page 1

45%

Market Share

in REC Trading

PAN

India

Presence

2.1 GW

Projects under

management

Managing REC

Projects in

16

States

Honble CERC in a notification dated 2nd April 2013 has

come up with a draft regulation on the second amend-

ment 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

were, by now, having turbidity. The very first amend-

ment 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) be-

fore coming with the proposed amendments.

Our detailed analysis, having a holistic view of the im-

pact of such proposed amendments on various stake-

holders of the Indian Power Market, has been pre-

sented in the article.

Honble Commission has proposed to dis-

qualify RE generators supplying electricity

through a competitive process (under Sec62

& 63 of EA-2003) from participating into the

REC Mechanism.

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

nificant loss of opportunities for many RE Generators

and the distribution licensees. With the success of re-

verse bidding in Solar Market, we may soon anticipate

reverse bidding or competitive bidding process to start

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

example, Rajasthan has already initiated procurement

of wind power through a bidding process. If all the

projects participating in bidding process are disquali-

fied from participating in the REC regime through leg-

islation, we are taking away a very valuable option

from not only RE generators but also from DISCOMs to

procure only commodity electricity through a competi-

tive bidding not limiting the participation from the

generating companies to a specified generation seg-

ment.

Honble Commission has proposed to con-

sider the connected load capacity of the ba-

gasse based co-generation plants, as as-

sessed/sanctioned by the concerned distri-

bution licensee, as the capacity for captive

consumption for the purpose of accredita-

tion and registration irrespective of the ca-

pacity tied up under the preferential tariff.

This particular amendment proposed by the CERC

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

Dalmia Bharat Sugar and Industries Limited (DBSIL)

against the motion passed jointly by UPNEDA (state

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

ordered revocation of the already granted accredita-

tion and registration by issuing a show cause notice to

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

according to REC Regulations, the generator is re-

quired to cover the capacity under preferential tariff as

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

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

REC 2nd amendment by CERC.contd.

CERC 2nd Amend-



erators like the bagasse based co-gen plant, it is diffi-

cult 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 pur-

chase of electricity by a distribution licensee at pooled

cost of power purchase instead of at a price not ex-

ceeding 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 qualifica-

tion 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 promo-

tional, 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 partici-

pate into REC mechanism provided: Such RE

generator not fulfilling the conditions of

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 non-

captive 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 accommo-

date 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 ac-

cepted 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.

Indias largest REC Trading Company

REC amendment by CERC.contd.

CERC 2nd Amend-



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.

Honable commission has proposed to permit

captive generating plant to retain the certifi-

cates for offsetting its renewable purchase ob-

ligation 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 re-

newable purchase obligations.

For CGPs who have surplus (left after offsetting their

RPO) of RECs in their portfolio, this particular amend-

ment is of significant interest as now they will be re-

warded 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 perform-

ance 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 flexibil-

ity 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 require-

ments.

Also, the proposed provision may also help corporate

having more than one captive consumption units to

meet their RPO compliance more effectively if self-

redemption 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 :

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

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


help achieve uniformity in approach.

Removal of 'waiver of electricity duty' as a dis-

qualification for RE captives from REC mecha-

nism

Any RE project that does not fall under the defi-

nition of a captive generating plant but avails

the benefits of preferential wheeling/ banking

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 ex-

changes)

Clarificatory change on issuance of RECs - RECs

to be issued for generation for the date of com-

missioning 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 ca-

pacity 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 -

Regulatory Updates

CERC 2nd Amend-



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 gen-

erators. 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 utili-

zation factor of 20% for tariff determination. Other im-

portant parameters considered are as under:

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 rein-

troduction of Generation Based Incentive for WEGs in

its Budget for FY14, the wind power generation busi-

ness 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

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

life of 20 years.

The important parameters considered for tariff deter-

mination 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 sig-

nificant 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.

The tariffs have been hiked for all categories, low ten-

sion 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:


MPERC Wind Tariff Order 2013

Parameters Commissions Decision

Plant Life 25 years

Depreciation

7% per annum for first 10

years and balance 20 % in

next 15 years

Return on Equity 20 % pre tax

Debt - Equity Ratio 70:30

Tariff Approved Rs. 5.92/kWh

MPERC Bagasse Based Cogen - Tariff Order 2013

Parameters Commissions Decision

Plant Life 20 years

Depreciation

7% per annum for first 10

years and balance 20 % in

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.

APERC Retail Tariff

Category

of Con-

sumers

Particu-

lars

FY 2011-

12 (Rs.

Per unit)

FY 2012-

13 (Rs.

Per unit)

FY 2013-

14 (Rs.

Per unit)

CAGR

HT I A -

Industry

(General)

11 kV 2.97 4.8 5.73 24.49%

33 kV 3.25 4.37 5.3 17.71%

132 kV

and

above

3.52 3.97 4.9 11.66%

Regulatory Updates.contd.

CERC 2nd Amend-



Though the retail tariff order may seem outrageous to

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 asser-

tion 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 DIS-

COMs.

Karnataka extends banking facility to Solar Pro-

jects

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 com-

mission 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 opin-

ion on the same. CESC submitted that since it has not

met its RPO it is not in favor of the motion, while

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 bur-

den 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 re-

garded 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 ac-

cess, 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 un-

veiled its solar policy Solar Power Policy Uttar Pradesh

2013 with a target to reach 500 MW of installed ca-

pacity 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. How-

ever, no benefit of this policy will be available to pro-

jects set up under any incentive scheme of MNRE.

More importantly within days of its official release, in-

terested 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-


MPERC Retail Tariff

Category of

Consumers Particulars

FY 2012-

13 (Rs.

Per unit)

FY 2013-

14 (Rs.

Per unit)

Percent-

age In-

crease

HV 3.1

(Industrial)

11 kV 4.5 4.6 2.22%

33 kV 4 4.1 2.50%

132 kV and

above 3.8 3.95 3.95%

Regulatory Updates.contd.

CERC 2nd Amend-



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 pe-

riod of 10 years.

For PPAs signed as a result of competitive bidding, dif-

ference 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.

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 dis-

tribution utility. Projects under this route will have to

register with the nodal agency, sign an agreement and

furnish a performance bank guarantee till the commis-

sioning of the project.

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 incen-

tives 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.


REC Trade Report - April 2013

CERC 2nd Amend-



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 avail-

able RECs that participated in the trade session.

Interestingly, 521 participants at IEX could create demand of only 10670 RECs - clearly reflecting lack of participa-

tion of large CPPs and distribution licensees.


1,500 1,500 1,500

1,000

1,500

2,000

2,500

3,000

Feb'13 Mar'13 April'13

IEX

PXIL

For past trading history - CLICK HERE

REC Trade Report - April 2013

CERC 2nd Amend-

ment on REC About REConnect Green News REC Project Stats REC Trade Report

Regulatory

Updates


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 fur-

ther.


11000

11500

12000

12500

13000

13500

14000

Feb'13 Mar'13 April'13

MCP-IEX

MCP-PXIL


REC Trade Report - March 2013

CERC 2nd Amend-



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.


1,000

1,500

2,000

2,500

3,000

Jan'13 Feb'13 Mar'13

IEX

PXIL


REC Trade Report - March 2013

CERC 2nd Amend-

ment on REC About REConnect Green News REC Project Stats REC Trade Report

Regulatory

Updates


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 sup-

ply continues to increase slowly. Total demand was 7610 while supply was 3816.


12000

12200

12400

12600

12800

13000

13200

13400

13600

Jan'13 Feb'13 Mar'13

MCP-IEX

MCP-PXIL


REC Project Status - As on April 05, 2013

CERC 2nd Amend-



Registered Capacity

3482.278 MW


Projects Registered

State wise

Projects Registered

Source wise

All figures

in MW

All figures in

MW

Green News - National

CERC 2nd Amend-




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 pipe-

line projects' organized by the ministry of new and renewable energy (MNRE), UNDP and Global Environment Fa-

cility (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 organiza-

tions 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 Regu-

latory 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 defi-

ciency 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

Green News - International

CERC 2nd Amend-




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 recommenda-

tions 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 hydroe-

lectric 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 ac-

tion, some might argue that Bowdoins commitment to carbon neutrality satisfies its stated commitment to safe-

guard 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 immedi-

ately. It can do that because the city owns the utility and recognizes environmental sustainability as a top prior-

ity.

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 Technol-

ogy (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 en-

ergies 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 ex-

isting renewable energy policies. For fellow energy policy wonks out there, the North Carolina Solar Cen-

ter 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 im-

proving policies to promote clean and renewable energy deployment

Read more

Indias RPO Map

CERC 2nd Amend-

ment on REC RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates


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.

States

2012-13

RPO

Obligation

(Non Solar)

2012-13 RPO

Obligation

( Solar)

Andhra Pradesh 4.75 % 0.25 %

Assam 4.05 % 0.15 %

Arunachal Pradesh 4.10 % 0.10 %

Bihar 3.25 % 0.75 %

Chhattisgarh 5.25 % 0.50 %

Delhi 3.25 % 0.15 %

Gujarat 6.00 % 1.00 %

Haryana 1.50 % 0.50 %

Himachal Pradesh 10.00 % 0.25 %

J&K 4.75 % 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 5.00 % 1.00 %

West Bengal 4.00% N.A

Goa & UTs 2.60 % 0.40 %

Manipur 4.75 % 0.25 %

Mizoram 6.75 % 0.25 %

Nagaland 7.75 % 0.25 %


About REConnect

CERC 2nd Amend-

ment on REC RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates


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 Pur-

chase 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 web-

site.

Contact Details

Bangalore:

Vishal Pandya

[email protected]

# 4123, 6th Cross, 19th Main,

HAL 2nd Stage, Indiranagar,

Bangalore - 560008

O : 080 - 6547 3383 / 84

F : 080 - 30723571

New Delhi:

Vibhav Nuwal

[email protected]

# 216, Nirvana courtyard, Nirvana Country,

Sector 50,

Gurgaon 122018, Haryana

O : 0124 - 4103216

F : 080 - 30723571

Mumbai:

Ram Kumar ( +919930359992 )

[email protected]

Chennai:

Rajesh Vaidyula ( +91 9940478306 )

[email protected]

# 18/1 (88), 2nd Floor, Aarya Gowda Road,

West Mambalam, Chennai - 600 033

Hyderabad:

Bhanu Tejja ( +91 7799874036 )

[email protected]

Solar Market:

Anurag Dhyani ( +91 7760300499 )

[email protected]


open access volume 30 mar april13 v3

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