rec mechanism
DESCRIPTION
The given powerpoint, gives a detailed analysiTRANSCRIPT
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REC Mechanism----
Execution Details
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REC MechanismRenewable Energy Certificate (REC) mechanism is a market based instrument to promoterenewable energy and facilitate compliance of renewable purchase obligations (RPO). It is aimedat addressing the mismatch between availability of RE resources in state and the requirement ofthe obligated entities to meet the renewable purchase obligation (RPO).
Revenue for a RE generator under REC scheme includes revenue from the sale of electricitycomponent of RE generation and the revenue from the sale of environmental attributes in theform of RECs.
RevenueSale of Electricity
Sale of REC Certificate
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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 units
Power 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 / unitPrice 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 Zero
Exim 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%
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Accreditation
30 days
42 days
Execution PlanExecution Plan
Reg forproject
0 1 2 3 4 5 6
MOU
Accreditation
Registration
Open Access
Comissioning
42 days
Setting up of the project
42 days
Issuance
Documentation with Electricity Dept
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Process of Accreditation
ELIGIBLEEntity
STATE AGENCY
SLDC - RVPN
1
2
3a
3b
Verification priorto accreditation
Intimation toaccreditation
Application toaccreditation
Confirmation toaccreditation
NLDC – Central agency
3a
3cIntimation toaccreditation
Confirmation toaccreditation
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AccreditationAccreditation
0 7 14 21 28 35 42
Submission
Re Submit
Processiong
5 days
7 days
30 Days
Certificate
Check
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Sec A Owner Details
Sec B Operator Details
Sec C RE Generating Station Details
Format 1.1
AccreditationAccreditationAccreditationAccreditation
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
Section I : Declaration
Format 1.2 CERTIFICATE OF ACCREDIATION
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Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Section I : Declaration
Format 1.2
Sec D
Sec E
Sec F
Sec H
Sec G
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Sec B
Sec A
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Section I : Declaration
Format 1.2
Sec D
Sec E
Sec F
Sec H
Sec G
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Sec C
Sec A
Sec B
Sec D
AccreditationAccreditationAccreditationAccreditation
Section I : Declaration
Format 1.2
Sec D
Sec E
Sec F
Sec H
Sec G
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Sec D
Sec A
Sec B
Sec C
AccreditationAccreditationAccreditationAccreditation
Sec D
Section I : Declaration
Format 1.2
Sec E
Sec F
Sec H
Sec G
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Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Sec E
Section I : Declaration
Format 1.2
Sec D
Sec F
Sec H
Sec G
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Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Sec F
Section I : Declaration
Format 1.2
Sec D
Sec E
Sec H
Sec G
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Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Sec G
Section I : Declaration
Format 1.2
Sec D
Sec E
Sec F
Sec H
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Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Sec H
Section I : Declaration
Format 1.2
Sec D
Sec E
Sec F
Sec G
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Process of Registration
ELIGIBLEEntity
STATE AGENCYSLDC - RVPN
1
2
3a3c
3b
Verification forregistration
Intimation ofRegistration
Intimation ofRegistration
Application forRegistration
Confirmation toRegistration
POWEREXCHANGE
3d
Intimation ofRegistration
NLDC –Central agency
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RegistrationRegistration
0 7 14 21 28 35 42
Check
Submission
2
incomplete
Processing
Fees Submit
Certificate
Check 2
7 work day
15 days
15 days
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RegistrationRegistration
Sec A Owner Details
Sec B RE Generating Station Details
Sec C Copy of Certificate of Accreditation from State Agency
Format 2.1 Application for Registration of RE Generating as Eligible Entity
RegistrationRegistration
Sec C Copy of Certificate of Accreditation from State Agency
Sec D Commissioning Schedule
Sec E Details of Fee & Charges
Sec F Declaration
Section I : Declaration
Format 2.2 CERTIFICATE OF REGISTRATION
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RegistrationRegistration
Sec A
Format 2.1
Sec B
Sec C
RegistrationRegistration
Section I : Declaration
Format 2.2
Sec C
Sec D
Sec E
Sec F
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Sec B
Format 2.1
Sec A
Sec C
RegistrationRegistration
Section I : Declaration
Format 2.2
Sec C
Sec D
Sec E
Sec F
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Sec C
Format 2.1
Sec A
Sec B
RegistrationRegistration
Sec C
Section I : Declaration
Format 2.2
Sec D
Sec E
Sec F
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Format 2.1
Sec A
Sec B
Sec C
RegistrationRegistration
Sec D
Section I : Declaration
Format 2.2
Sec C
Sec E
Sec F
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Format 2.1
Sec A
Sec B
Sec C
RegistrationRegistration
Sec E
Section I : Declaration
Format 2.2
Sec C
Sec D
Sec F
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Format 2.1
Sec A
Sec B
Sec C
RegistrationRegistration
Sec F
Section I : Declaration
Format 2.2
Sec C
Sec D
Sec E
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Sec A
Sec B
Sec C
Format 2.1
RegistrationRegistration
Sec C
Sec D
Sec E
Sec F
Section I : Declaration
Format 2.2
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Process of Open Access
Power Ex
NLDC
Urja Bhawan
RREC
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Open AccessOpen Access
0 10 20 30 40 50 60
Submission
MOU
incomplete
Processing
System stren
System Study
Submission
10 day
30 days
30 days
???
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Form I APPLICATION FOR SCHEDULING
Form II CONCURENCE FROM SLDC
Form III REQUEST/CONCURRENCE FROM RLDC
Form IV CONGESTION INFORMATION (ADVANCE SCHEDULING)
Open AccessOpen Access
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
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Commissioning
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Process of Issuance
2
3
Verification priorto Issuance
Intimation toIssuance
Issuance ofREC
Intimation of Meter Reading
5b
Regular Injection
Report
STATE AGENCY
NLDC – Central agencySLDC - RVPN
ELIGIBLE Entity
14b
5a
Issuance ofREC
Application forIssuance
Intimation of Meter Reading
DistributionLicensee
4a
4c
SLDC - RVPN
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IssuanceIssuance
0 7 14 21 28 35 42
2Check
Submit
Incomplete
Processiong
2
5 days
15 days
Certificate
Check
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IssuanceIssuance
Sec A Energy Injection Report
Sec B Registration Certificate (To ascertain validity)
Format 3.1
Sec B Registration Certificate (To ascertain validity)
Sec C Details of Fee & Charges
Sec D Compliance Auditor Report (if applicable)
Format 3.2 CERTIFICATE OF ISSUANCE
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IssuanceIssuance
Sec A
Format 3.1
Sec B
Sec C
Format 3.2
Sec C
Sec D
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IssuanceIssuance
Sec B
Format 3.1
Sec A
Sec C
Format 3.2
Sec C
Sec D
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IssuanceIssuance
Sec C
Format 3.1
Sec A
Sec B
Sec C
Format 3.2
Sec D
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IssuanceIssuance
Format 3.1
Sec A
Sec B
Sec C
Sec D
Format 3.2
Sec C
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IssuanceIssuance
Sec A
Sec B
Sec C
Format 3.1
Sec C
Sec D
Format 3.2
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Application
Execution time
Forms
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Application
Execution time
FormsI Company Details
II Proposed Power Project
III Details of Proposed Power Project
IV Electrical DetailsIV Electrical Details
V Financial Details
VI Any Other relevant information
VIII Documents enclosed – As applicable
VII Declaration
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Application
Execution time
FormsI Company Details
II Proposed Power Project
III Details of Proposed Power Project
IV Electrical DetailsIV Electrical Details
V Financial Details
VI Any Other relevant information
VIII Documents enclosed – As applicable
VII Declaration
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Services Offered
Conceptualization Execution Project MonitoringConceptualization
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
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Scope of Work
Business ModelIncorporating Renewable Incentives and Policy changes to get maximum outof the Business Model
Technical
Proposals
Finance
Tie ups
Investor
Incorporating Renewable Incentives and Policy changes to get maximum outof 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 locationand the cost.
Pre Bid and Post Bid Consultancy for lucrative but competitive for Solartenders in India
Arranging Funds and Optimizing it to get maximum returns on Equity
Making strategic tie-ups for Foreign companies looking for Solar BusinessOpportunity in India
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Contact us:-410, Alankar PlazaJaipur, RajasthanPh no :- +91 141 2231469Fax :- +91 141 3916464Mob no :- +91 – 9829031658Email :- [email protected]
Thank You
Contact us:-410, Alankar PlazaJaipur, RajasthanPh no :- +91 141 2231469Fax :- +91 141 3916464Mob no :- +91 – 9829031658Email :- [email protected]
Our Business Associations
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Power Ex
NLDC
Urja Bhawan
RREC
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S.No Type Charges
1 Registration for the project Rs 10,000 / MW
Registration Charges Rs 50,000/ MW
Processing Charges Rs 10,000 / MW
2 Accreditation Charges
3 Registration for certificate
4 Issuance for Certificates
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Compliance Auditor