pert chart execution for rec

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REC Mechanism ---- Execution Details

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The given presentation gives what is needed to be done for Solar power projects under REC mechanism, India. REC mechanism in India, is the renewable energy certificate mechanism.

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Page 1: Pert chart execution for REC

REC Mechanism----

Execution Details

Page 2: Pert chart execution for REC

REC MechanismRenewable Energy Certificate (REC) mechanism is a market based instrument to promote renewable energy and facilitate compliance of renewable purchase obligations (RPO). It is aimed at addressing the mismatch between availability of RE resources in state and the requirement of the obligated entities to meet the renewable purchase obligation (RPO).

Revenue for a RE generator under REC scheme includes revenue from the sale of electricity component of RE generation and the revenue from the sale of environmental attributes in the form of RECs.

RevenueSale of Electricity

Sale of REC Certificate

Page 3: Pert chart execution for REC

Financials RECPer MW Optimistic Conservative Radically Pessimistic

Cost of Project Rs 9.5 crores Rs 10 crores Rs 10.5 crores

Expected Generation 17.5 lac units 16.5 Lac units 16 Lac unitsPower Tariff Sale Rs 4 per unit Rs 2.7 per unit Rs 2.7 per unit

Tariff Escallation 5% 3% 3%

Max possible tariff Rs 8 Rs 7 Rs 6

Price of REC for 5 years Rs 11.5/unit Rs 9.3 /unit Rs 9.3 / unit

Price of REC after 5 years RS 6/unit Rs 4.0/unit ZeroExim financing 50% of Cost No No

Interest rate (Exim) 10% NA NA

Interest rate (domestic) 12.50% 13% 14%Tenor for Exim 15 years NA NA

Tenor for domestic 12 years 12 years 12 years

Accelerated depreciation Yes YES Yes

Equity IRR 90% 40% 16%

Page 4: Pert chart execution for REC

Accreditation

Registration

Open Access

Comissioning

30 days

42 days

Setting up of the project

42 days

Execution Plan

Issuance

Reg for project

0 1 2 3 4 5 6

MOU

Documentation with Electricity Dept

Page 5: Pert chart execution for REC

Process of Accreditation

ELIGIBLE Entity

STATE AGENCY

NLDC – Central agency

SLDC - RVPN

1

2

3a

3c

3b

Verification prior to accreditation

Intimation to accreditation

Intimation to accreditation

Application to accreditation

Confirmation to accreditation

Page 6: Pert chart execution for REC

Accreditation

0 7 14 21 28 35 42

Re Submit

Processiong

5 days

7 days

30 Days

Certificate

Check

Submission

Page 7: Pert chart execution for REC

Sec A Owner Details

Sec B Operator Details

Sec C RE Generating Station Details

Sec D Connectivity Details with Concerned Licensee (STU/Discom)

Sec E Metering Details

Sec F Statutory Clearance Details

Sec H Details of Fee & Charges

Sec G General Details

Format 1.1

Section I : Declaration

Format 1.2 CERTIFICATE OF ACCREDIATION

AccreditationAccreditation

Page 8: Pert chart execution for REC

Sec A

Section I : Declaration

Format 1.2

Sec B

Sec C

Sec D

Sec E

Sec F

Sec H

Sec G

AccreditationAccreditation

Page 9: Pert chart execution for REC

Sec B

Section I : Declaration

Format 1.2

Sec A

Sec C

Sec D

Sec E

Sec F

Sec H

Sec G

AccreditationAccreditation

Page 10: Pert chart execution for REC

Sec C

Section I : Declaration

Format 1.2

Sec A

Sec B

Sec D

Sec E

Sec F

Sec H

Sec G

AccreditationAccreditation

Page 11: Pert chart execution for REC

Sec D

Section I : Declaration

Format 1.2

Sec A

Sec B

Sec C

Sec E

Sec F

Sec H

Sec G

AccreditationAccreditation

Page 12: Pert chart execution for REC

Sec E

Section I : Declaration

Format 1.2

Sec A

Sec B

Sec C

Sec D

Sec F

Sec H

Sec G

AccreditationAccreditation

Page 13: Pert chart execution for REC

Sec F

Section I : Declaration

Format 1.2

Sec A

Sec B

Sec C

Sec D

Sec E

Sec H

Sec G

AccreditationAccreditation

Page 14: Pert chart execution for REC

Sec G

Section I : Declaration

Format 1.2

Sec A

Sec B

Sec C

Sec D

Sec E

Sec F

Sec H

AccreditationAccreditation

Page 15: Pert chart execution for REC

Sec H

Section I : Declaration

Format 1.2

Sec A

Sec B

Sec C

Sec D

Sec E

Sec F

Sec G

AccreditationAccreditation

Page 16: Pert chart execution for REC

Process of Registration

ELIGIBLE Entity

1

2

3a3c

3b

Verification for registration

Intimation of Registration

Intimation of Registration

Application for Registration

Confirmation to Registration

POWER EXCHANGE

3dIntimation of Registration

STATE AGENCY

NLDC – Central agency

SLDC - RVPN

Page 17: Pert chart execution for REC

Registration

0 7 14 21 28 35 42

incomplete

Processing

Fees Submit

Certificate

Check

Submission

2

7 work day

15 days

15 days

Page 18: Pert chart execution for REC

Registration

Sec A Owner Details

Sec B RE Generating Station Details

Sec C Copy of Certificate of Accreditation from State Agency

Sec D Commissioning Schedule

Sec E Details of Fee & Charges

Sec F Declaration

Format 2.1

Section I : Declaration

Format 2.2 CERTIFICATE OF REGISTRATION

Application for Registration of RE Generating as Eligible Entity

Registration

Page 19: Pert chart execution for REC

Registration

Sec A

Format 2.1

Section I : Declaration

Format 2.2

Sec B

Sec C

Sec D

Sec E

Sec F

Registration

Page 20: Pert chart execution for REC

Sec B

Format 2.1

Section I : Declaration

Format 2.2

Sec A

Sec C

Sec D

Sec E

Sec F

Registration

Page 21: Pert chart execution for REC

Sec C

Format 2.1

Section I : Declaration

Format 2.2

Sec A

Sec B

Sec D

Sec E

Sec F

Registration

Page 22: Pert chart execution for REC

Sec D

Format 2.1

Section I : Declaration

Format 2.2

Sec A

Sec B

Sec C

Sec E

Sec F

Registration

Page 23: Pert chart execution for REC

Sec E

Format 2.1

Section I : Declaration

Format 2.2

Sec A

Sec B

Sec C

Sec D

Sec F

Registration

Page 24: Pert chart execution for REC

Sec F

Format 2.1

Section I : Declaration

Format 2.2

Sec A

Sec B

Sec C

Sec D

Sec E

Registration

Page 25: Pert chart execution for REC

Sec A

Sec B

Sec C

Sec D

Sec E

Sec F

Format 2.1

Section I : Declaration

Format 2.2

Registration

Page 26: Pert chart execution for REC

Process of Open Access

Power Ex

NLDC

Urja Bhawan

RREC

Page 27: Pert chart execution for REC

Open Access

0 10 20 30 40 50 60

incomplete

Processing

System stren

System Study

Submission

MOU

10 day

30 days

30 days

???

Page 28: Pert chart execution for REC

Form I APPLICATION FOR SCHEDULING

Form II CONCURENCE FROM SLDC

Form III REQUEST/CONCURRENCE FROM RLDC

Form IV CONGESTION INFORMATION (ADVANCE SCHEDULING)

Form V REQUEST FOR REVISION OF SCHEDULE DUE TO CONGESTION

Form VI ACCEPTANCE FOR SCHEDULING

Form VIII REGISTRATION FORM

Form VII DETAILS OF PAYMENT

Open Access

Page 29: Pert chart execution for REC

Commissioning

Page 30: Pert chart execution for REC

Process of Issuance

ELIGIBLE Entity

1

2

3

4b5a

Verification prior to Issuance

Intimation to Issuance

Issuance of REC

Application for Issuance

Intimation of Meter Reading

Distribution Licensee

5b

Regular Injection

Report

4a

4c

STATE AGENCY

NLDC – Central agencySLDC - RVPN

Page 31: Pert chart execution for REC

Issuance

0 7 14 21 28 35 42

Incomplete

Processiong

2

5 days

15 days

Certificate

Check

Submit

Page 32: Pert chart execution for REC

Issuance

Sec A Energy Injection Report

Sec B Registration Certificate (To ascertain validity)

Sec C Details of Fee & Charges

Sec D Compliance Auditor Report (if applicable)

Format 3.1

Format 3.2 CERTIFICATE OF ISSUANCE

Page 33: Pert chart execution for REC

Issuance

Sec A

Format 3.1

Format 3.2

Sec B

Sec C

Sec D

Page 34: Pert chart execution for REC

Issuance

Sec B

Format 3.1

Format 3.2

Sec A

Sec C

Sec D

Page 35: Pert chart execution for REC

Issuance

Sec C

Format 3.1

Format 3.2

Sec A

Sec B

Sec D

Page 36: Pert chart execution for REC

Issuance

Sec D

Format 3.1

Format 3.2

Sec A

Sec B

Sec C

Page 37: Pert chart execution for REC

Issuance

Sec A

Sec B

Sec C

Sec D

Format 3.1

Format 3.2

Page 38: Pert chart execution for REC

Application

Execution time

Forms

Page 39: Pert chart execution for REC

Application

Execution time

FormsI Company Details

II Proposed Power Project

III Details of Proposed Power Project

IV Electrical Details

V Financial Details

VI Any Other relevant information

VIII Documents enclosed – As applicable

VII Declaration

Page 40: Pert chart execution for REC

Application

Execution time

FormsI Company Details

II Proposed Power Project

III Details of Proposed Power Project

IV Electrical Details

V Financial Details

VI Any Other relevant information

VIII Documents enclosed – As applicable

VII Declaration

Page 41: Pert chart execution for REC

Services Offered

Conceptualization

Monitoring

Execution Project Monitoring

Land Identification

Funding

Feasibility Study

Rebates and Incentives

Quality

Design

Procure

Install

Testing and Certification

Maintenance

Providing Engineering Excellence in every Step

Page 42: Pert chart execution for REC

Scope of Work

Business Model

Technical

Proposals

Finance

Tie ups

Investor

Incorporating Renewable Incentives and Policy changes to get maximum out of the Business Model

Forming JV for FI’s and facilitating tie ups with Indian Companies. Overcoming legal hurdles to ease Investments in India

Consulting about best technology for Solar projects, based on the location and the cost.

Pre Bid and Post Bid Consultancy for lucrative but competitive for Solar tenders in India

Arranging Funds and Optimizing it to get maximum returns on Equity

Making strategic tie-ups for Foreign companies looking for Solar Business Opportunity in India

Page 43: Pert chart execution for REC

Contact us:-Shop no 7, Murlipura Road Jaipur, RajasthanMob no :- +91 – 8829 003 003Email :- [email protected]

Thank Youfor your time…

Page 44: Pert chart execution for REC

Power Ex

NLDC

Urja Bhawan

RREC