open access - reconnect energy...re-invest was inaugurated by the pm narendra modi, and saw a huge...

OPEN ACCESS

February 2015

Volume - 48

Wind Facilitator of the Year & REC Facilitator of the Year 2014

From Management‘s Desk

February was an eventful month for the Renewable Energy industry with RE

-INVEST, the budget, and an important report released by the World Bank.

The key question after looking at these three events is – is the ambitious

target of 170GW on RE capacity by 2022 an achievable one? Our main arti-

cle tries to answer this question. A key finding is that the Discom’s ability to

be the buyer for such large capacity – with unsustainable losses and debt –

is doubtful. At the same time, efforts to build a market for power in the

country have largely failed. Without filling this key gap, 170GW is a huge

ask.

RECs trading improved in February, given a slightly improved enforcement

scenario, impeding changes in the Electricity Act, and most importantly be-

cause we are close to the financial year end. Trading volumes in February

were the highest ever, though with such a large inventory, this fact de-

serves only a small cheer.

Many states have been coming out with net-metering policies (see last

months newsletter for a detailed analysis). This month UP and Maharashtra

were added to the list. Another important development was the announce-

ment of Tamil Nadu’s average pooled price. Brief analysis is included in the

Regulatory update section.

We hope this volume to be an insightful read, and as always, look forward

to your feedback.

- Team REConnect

CO

NT

EN

T

Renewable Energy - Will

170GW happen?

Regulatory Updates

REC Trade Results

REC Project Stats

Green News

RPO Map

About REConnect

Renewable Energy - Will 170GW happen?

Renewable Energy -

Will 170GW happen? RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates

www.reconnectenergy.com Page 1

35%

REC Market

Share

PAN

India

Presence

2.2 GW

Projects under

management

Managing REC

Projects in

16

States


February was an eventful month for Renewable Energy

sector……first there was RE-INVEST, then the Budget, and

in between came a report from the World Bank that did

not get the attention it deserved. In this article, we have

attempted to summarize the immediate future of renewa-

ble energy in India, as seen from the perspective of these

events.

RE-INVEST was inaugurated by the PM Narendra Modi,

and saw a huge attendance from across the country and

from abroad. The target of 100 GW of solar and 70 GW of

other renewable energy generation capacity by 2022 was

the talk of the event. However, if the solar capacity needs

to grow from the current 3GW to 100GW, it will require a

55% growth every year for the next 8 years. Our impres-

sion from attending RE-INVEST was that while the target

and enthusiasm is there – there’s no specific plan to get to

the target.

There were huge expectations from the Budget in general

– many people expected it to bring in “big bang reforms”.

From a renewable energy perspective, the expectations

were modest. However, even that was not met – the 170

GW target was mentioned by the Finance Minister (FM) –

but it was only mentioned – it was not followed by any

specific allocation or action. The FM increased the cess on

coal to Rs 200/ tonne – this will go to fund the National

Clean Energy Fund (NCEF). However, there is no clear link-

age between the funds in NCEF and the renewable energy

industry. In fact, a significant portion is likely to be allocat-

ed towards the “Clean Ganga” program (Article in Times of

India – “Coal cess to fuel Ganga rejuvenation plan” dated

June 13, 2014).

In the meantime, the World Bank released a report titled,

“More Power to India: The Challenge of Electricity Distri-

bution”.

The report makes for sobering reading. While the report

commends the achievements till date, it emphasis that

losses and indebtedness at the Discom level are reaching

worrying levels.

According to the report, sector-wide accumulated losses

were Rs 1,14,600 crore ($25 billion) in 2011. Distribution

companies contributed 81% of this, and have been by-

far the worst performers within the overall electricity sec-

tor.

Sector losses (excluding subsidies) in 2011 amounted to

Rs 61,800 crore, or 17% of India’s gross fiscal deficit.

Another area of worry is the level of debt that the distri-

bution utilities have taken. Of the total debt of Rs 3.5

trillion, the largest growth has been in the distribution

segment. Further, the report states:

“Worryingly, the tenor of the debt profile has

changed. Many discoms have recently relied on short-

term loans to meet operating expenses….”

Distribution utilities are now significantly leveraged. In

some states, it has already reached unsustainable pro-

portions – for example, debt of utilities in UP is a whop-

ping 43% of state GDP. The report highlights that there

is a real risk of “financial contagion” due to such high

levels of leverage.

Graphs on the next page will help understand the finan-

cial state of the sector and its utilities.

RE-INVEST : target of 170 GW set for 2022,

with 100 GW Solar.

Budget/NCEF: Lack of clarity on

NCEF allocations

Concerns over financial health of Discoms.

Lack of Power markets to achieve the ambi-

tious targets.


Renewable Energy -



India’s largest REC Trading Company Clickpower.in: India’s first Green Energy Marketplace

Source of both graphs: World Bank Report.

To conclude, a few things stand out – First, the Discom’s – with

significant losses and debt – will be unable to afford such a sig-

nificant increase in renewable energy generation. Already, in

many states payment to RE generators are delayed by more

than six months.

Second, there is no market-based mechanism today to absorb

large RE capacities. The “open access” mechanism, and the REC/

RPO market were supposed to bring market-based reforms in

the sector. However, as things stand today, both have been a

failure. The WB report states:

“In fact, open access, a key enabler of competition under the

EA, has still not been implemented in a manner such that a ro-

bust merchant market could compensate for a decline in sales

to state discoms and thus balance supply and demand”.

With Discom’s in bad shape, and no functioning “market” for

electricity in the country, investment required to build 170GW

capacity is unlikely to materialize.

- - - - - - - - - - - - - - End of Section - - - - - - - - - - - - - -

http://clickpower.in/

Regulatory Updates

Renewable Energy -



Analysis of draft net-metering regulations of

Maharashtra

Maharashtra recently released the draft Net-metering

regulations.

In our opinion, these regulations are unlikely to enable

large scale development of roof-top solar projects in the

state. This is because several best-practices observed in

the regulations of other states are missing for the draft

regulations of Maharashtra.

The draft regulations are silent on the applicability of

cross-subsidy and other open access charges. Other

states (eg. Rajasthan) exempt rooftop project from

such charges. A significant growth in roof-top projects

will come from projects developed by investors where

power is consumed by the host consumer. Without a

clear exemption, this model is unlikely to take off in

Maharashtra.

The draft regulations provide no clarity on the ability

of obligated entities to meet their solar RPO from

rooftop projects. Without a clear provision addressing

the same, obligated entities are unlikely to jump in.

The draft regulations require the Discom to purchase

only upto 10% of the total generation remaining un-

adjusted at the end of the year, and pay on the APPC

price on this. This may result in some power going

free to the Discom. However, during the year, extra

power generated will be allowed to be carried forward

without limits to the next month – this is a favorable

provision.

Rooftop projects will not be allowed to go under the

REC mechanism

The draft regulations can be accessed here. Comments

are invited till March 31, 2015.

UPERC Finalizes RE Tariff

The Uttar Pradesh Electricity Regulatory Commission

(UPERC) in its order dated 22nd Jan 2015, has finalized y

the regulation for Captive & Renewable Energy Generat-

ing Plants. The UPERC has also finalized the tariff’s for

different RE sources of generation under this regulation.

The Commission earlier in November last year released a

draft seeking comment and suggestion from stake hold-

ers. The details of the tariffs finalized are given in the ta-

ble below:

More details on the tariff can be read here.

For Solar Energy the commission will take the capital

cost into consideration and will give the tariff every year

based on the capital cost variations.

The UPERC Order is available here.


New Small Hydro Projects upto 5 MW

Year of Com-missioning

FY 2014-15

FY 2015-16

FY 2016-17

FY 2017-18

FY 2018-19

FY 2014-15 5.65 5.52 5.39 5.26 5.14

FY 2015-16 - 5.84 5.71 5.58 5.45

FY 2016-17 - - 6.06 5.89 5.73

FY 2017-18 - - - 6.25 6.11

FY 2018-19 - - - - 6.47

New Small Hydro Projects Greater than 5 MW and upto 25 MW

FY 2014-15 4.98 4.85 4.72 4.59 4.47

FY 2015-16 - 5.15 5.01 4.88 4.75

FY 2016-17 - - 5.32 5.18 5.05

FY 2017-18 - - - 5.5 5.36

FY 2018-19 - - - - 5.68

Total Tariff – New Solar Grid Connected PV Projects

FY 2014-15 7.06 CERC: Proposes new tariffs for renewable sources.

The summary of the same can be read on our blog.

Comments/ Suggestions are due till 18th March-15.

PSERC: Draft Amendment to Renewable Purchase

Obligation (RPO) for FY 2015-16 to FY 2019-20.

Comments/suggestions of the stakeholders are in-

vited on the same up to 20.03.2015. Link.

This will be covered in detail in our next NL-Vol 49.

http://www.mercindia.org.in/pdf/Order%2058%2042/Draft%20MERC(Net%20metering%20for%20Rooftop%20Solar%20Systems)%20Regulations,2015.pdf

http://reconnectenergy.com/blog/2015/02/uperc-finalizes-re-tariff/

http://www.uperc.org/App_File/CREREGULATIONS2014-rar1212015103558AM.rar


http://reconnectenergy.com/blog/2015/03/2801/

http://pserc.nic.in/pages/public_notice_24_02_15.pdf

Regulatory Updates

Renewable Energy -




TNERC Finalizes APPC for FY 14-15

Tamil Nadu Electricity Regulatory Commission (TNERC) in

its latest notification dated 4th Feb 2015 has finalized

APPC for FY 14-15.

The definition of the APPC being followed by TNERC can

be read as: “Pooled cost of power purchase’ means the

weighted average pooled price at which the distribution

licensee has purchased the electricity including cost of self generation in the previous year from all the long-term

energy suppliers, but excluding those based on liquid fuel,

purchase from traders, short-term purchases and renewa-

ble energy sources subject to the maximum of 75% of the

preferential tariff fixed by the Commission to that catego-

ry / sub category of NCES generators”.

The APPC determined by TNERC for FY 14-15 is Rs. 3.38

per unit or 75% of the preferential tariff fixed by the Com-

mission to that category / sub category of NCES genera-

tors, whichever is less.

The APPC for FY 14-15 has increased by 8.6% compared

to APPC of FY 13-14. Given below is the APPC of previous

years, with % increase year on year:

The Order can be accessed here.

KERC Reduces Fuel Adjustment Charges (FAC)

The Karnataka Electricity Regulatory Commission (KERC)

in its new order has reduced the Fuel Adjustment charge

(FAC) to zero for all distribution companies (ESCOM’s)

except MESCOM for the second quarter of the 2015 (i.e.

Jan to March 2015).

The commission in its order stated that “The Commission,

having recognized the decrease in fuel cost adjustment

charges for all the ESCOMs except MESCOM in the sec-

ond quarter of FY15 and the overall increase in power

purchase cost, decides to allow all the ESCOMs except

MESCOM to adjust the savings in FAC against the overall

increase in power purchase cost”.

In the case of MESCOM, the commission has decided to

allow collection of FAC to an extent of 1 paisa /unit dur-

ing the billing quarter January – March 2015. Hence no

FAC will collected from consumers of all ESCOM’s except

MESCOM separately during January – March, 2015.

The commission in its previous order had calculated 1pai-

sa/unit as FAC, which has now been reduced to zero for

other ESCOM’s of Karnataka except MESCOM.

The order can be accessed here.

UPERC Notifies Draft Solar Rooftop Regulation

Uttar Pradesh Electricity Regulatory Commission (UPERC)

in its latest notification has presented draft for solar

rooftop and net metering regulation. The regulation has

been named as UPERC (Rooftop Solar PV Grid Interactive

System Gross / Net Metering) Regulations, 2015. The reg-

ulation come will in force from the date of notification in

the official gazette.

The regulation will apply to the distribution licensee and

consumers of the licensee. The eligible consumer can in-

stall rooftop solar systems under gross metering or net

metering scheme. The consumers claiming accelerated

depreciation (AD) benefits on rooftop solar systems will

only be eligible for net metering scheme and not gross

metering.

The maximum peak capacity of the grid connected roof-

top solar system to be installed by any eligible consumer

shall not exceed 90% of the contract demand of the con-

sumer.

Basic Difference Between Gross Metering and Net

Metering schemes: If the consumer installs solar rooftop

under the gross net metering scheme he will have to in-

ject entire power generated into the grid, while in the

2.37 2.543.11 3.38

0

2

4

FY 11-12 FY 12-13 FY 13-14 FY 14-15

APPC Rs/Unit

7.1%

22.4%

8.6%

0.0%

10.0%

20.0%

30.0%

FY 12-13 FY 13-14 FY 14-15

% Increase -


http://tnerc.tn.nic.in/orders/Tariff%20Order%202009/2015/Mo-4-3%20-Pooled%20cost-10-2-2015.pdf

https://www.karnataka.gov.in/kerc/FAC/FACJan-March2015.pdf

Regulatory Updates

Renewable Energy -




other case if the consumer opts for Net Metering scheme

he will be entitled to use the power generated at his

premises and will be allowed to inject the surplus power

into the grid.

The more details about the draft regulations is in the ta-

ble below:

The commission has invited comments and suggestions

through a public notice, by 1st March 2015.

The Draft Can be accessed here.

MPERC proposes RPO Target & Finalizes Biogas

Tariff

RPO Target

The Madhya Pradesh Electricity Regulatory Commission

(MPERC) on 30th Jan 2015, has proposed new Renewable

Purchase Obligation (RPO) target for FY 15-16. The com-

mission in its previous order dated 19th November 2010

had finalized RPO targets till FY 14-15. The amendment

proposes RPO target for FY 15-16, the details are in the

table below:

The MPERC in its previous order defined targets till FY 14-

15, which was same as proposed for the in the draft i.e.

total 7% RPO. The commission, through a public no-

tice, has invited comments and suggestion from stake

holders by 22ndFeb 2015.

The Draft can be accessed here.

Biogas Tariff

The commission in its order dated 5th Feb has declared

tariff for the biogas energy sources. This tariff order will

be applicable to all new biogas based power generation

projects in Madhya Pradesh commissioned on or after the

date of issue of this order for sale of electricity to the dis-

tribution licensee. The control period for this order will

start from the date of issue of this order and will end on

31.03.2018.

The levellized tariff determined by the commission for

new biogas projects will be Rs. 4.20 per unit for 20 years,

and the tariff for the existing biogas plant will be Rs. 3.40

per unit for 20 years from the date of commissioning. The

distribution licensee will deduct 2% of the energy injected

towards wheeling charges in terms of units.

The above determined tariffs shall apply to projects that

do not avail benefit of accelerated depreciation (AD),

which is 80%. For projects availing benefits of AD, the

above tariff shall be reduced by Rs. 0.10 per unit.

The order can be read here.

- - - - - - - - - - - - - - End of Section - - - - - - - - - - - - - -

Particulars Description

Minimum Capacity

The Rooftop system should of minimum 1Kwp ca-pacity.

Ownership Arrange-ments allowed

Both Self-owned systems and Third Party-owned systems are allowed. The third party owners will only be allowed under gross net metering, while the consumer will have option of choosing any of the two (Gross Metering and Net Metering) availa-ble.

Metering Arrange-ments

Gross Metering or Net Metering arrangements.

Energy Ac-counting and settle-ment

For Net Metering: 1. If energy injected by the consumer is more than energy consumed by him then such surplus energy will be carried forward to the next billing period.

2. If The Energy consumed is more than energy in-jected by the consumer in such case the distribu-tion licensee will raise invoice for payment of ener-gy consumed, after considering the previous ener-gy credit balance. 3. At the end of settlement period any unadjusted energy credits will be paid at Rs. 0.50/Kwh. For Gross Metering: Injected energy will be pur-chased at tariff defined by commission.

Other Charges

Exempted from wheeling and cross subsidy sur-charge (CSS).

Installa-tion of Meters

The appropriate meters will be installed at the cost of consumer.

Solar RPO

In case the consumer is not and obligated entity then such quantum of energy consumed by the consumer, will qualify towards the RPO of the dis-tribution licensee.

Eligibility for REC

It will be as per CERC REC Regulation 2010.

Financial Year

Cogeneration and other Renewable Sources of Energy

Solar (%) Non Solar (%) Total (%)

2015-16 1.00 6.00 7.00


http://www.uperc.org/App_File/RSPVPublicNotice-doc216201513723PM.doc

http://www.uperc.org/App_File/UPERCRSVPREGULATIONS2015-rar216201513436PM.rar

http://www.mperc.nic.in/30012015Public%20Notice-English.pdf

http://www.mperc.nic.in/30012015Public%20Notice-English.pdf

http://www.mperc.nic.in/30012015%204th%20Ammendment.pdf

http://www.mperc.nic.in/050215-Biogas-tariff-order-smp-27-14.pdf

REC Trade Report - February 2015

Renewable Energy -

Will 170GW happen? RPO Map Green News REC Project Stats REC Trade Report

Regulatory

Updates

www.reconnectenergy.com

India’s largest REC Trading Company

Non Solar RECs

In February 2014, demand and clearing ratios improved over the previous month, and significantly in PXIL. Demand in

February rose by 39 % over trade in January . Clearing ratios will continue to rise in March, before the tempo takes an

dive back again in April. The closing balance of REC inventory for non solar RECs reduced marginally due to higher

trade this month, but will continue to rise after March.

For past trading history - CLICK HERE

Clickpower.in: India’s first Green Energy Marketplace

10,494,275 10,825,357

11,361,913 11,190,409

552,552 932,679

411,590 509,282

196,013 335,723 537,009 747,487

-

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

November December Jan-15 Feb-15

Non-Solar RECs

Available Issued Redemmed

1.88%

3.35%

5.84% 5.72%

1.85%

2.78%3.23%

7.89%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%


Non-Solar Clearing %

IEX PXIL

http://reconnectenergy.com/blog/2014/04/rec-trade-report-april-2014/

http://www.reconnectenergy.com/letest-rec-trade-results/

http://reconnectenergy.com/blog/2015/01/rec-trade-results-january-2015/


REC Trade Report - February 2015

Renewable Energy -

Will 170GW happen? RPO Map Green News REC Project Stats REC Trade Report

Regulatory

Updates



Solar RECs

This trading session, demand rose significantly by 39% compared to January trade, rallying behind good demand

from some states, albeit it remained very low considering the huge inventory. Clearing ratio rose significantly on PXIL.

The closing balance of REC inventory for Solar RECs stood close to 1.58 million mark this month, with healthy issu-

ance recorded in this month.

For past trading history - CLICK HERE


1,230,426

1,407,932

1,560,391 1,528,251

178,655 154,518

-71,006

1,149 2,059

32,140 44,869

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000


Solar RECs

Available Issued Redemmed

0.10%

0.15%

4.45%

2.70%

0.33%0.52%

0.24%

3.28%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%


Solar Clearing %

IEX PXIL

http://www.reconnectenergy.com/letest-rec-trade-results/

http://reconnectenergy.com/blog/2015/01/rec-trade-results-january-2015/


REC Project Status - As on 5th March, 2015

Renewable Energy -



Registered Capacity

4740 MW


Projects Registered

Source wise

All figures

in MW

Biomass

694

Solar

PV 560

Wind

2310 Bio-fuel

Cogeneration

879


Small Hydro

296

Projects Registered

State wise (MW)


Green News - National

Renewable Energy -




Goyal confident of $100 billion investment in green energy in 5 years

With about 300 firms committing investments in the green power space, Power Minister Piyush Goyal is confident

that the country will receive over $100 billion in renewable energy sector over the next five years. "It is obvious that

if they are investing in nearly 266 GW (2,66,000 MW) of energy there will be huge investments. The targeted $100

billion will certainly be exceeded," he told reporters at the ongoing RE-Invest conference. Source: Business Stand-

ard.

REC’s green energy loans to cost less, have longer tenures

In sync with the National Democratic Alliance (NDA) government’s attempt to bring down the borrowing costs for

green energy projects, state-owned Rural Electrification Corp. Ltd (REC) has revised its lending guidelines. Loans for

solar and wind energy projects will now be priced 75 basis points (bps) below those for projects fuelled by conven-

tional sources of energy. Source: Live Mint.

293 firms commit to generate 266 GW renewable energy in 5 years

As many as 293 companies have committed to generate 266 GW of renewable energy in the next five years under

the government’s ambitious RE-Invest programme unveiled by Prime Minister Narendra Modi. These companies

have shown interest to set up renewable power plants in the country and some have assured to manufacture

equipment as well. Source: The Hindu.

SBI commits Rs 75,000 crore for financing clean energy generation

Country's largest lender State Bank of India today committed Rs 75,000 crore for generation of 15,000 MW

of renewable energy in the next 5 years. "SBI has committed to provide Rs 75,000 crore over a period of five years

for the renewal energy sector," SBIChairperson Arundhati Bhattacharya said at the first Renewable Energy Global

Investors Meet (RE-Invest) here. Source: The Economics times.

At 750MW, Madhya Pradesh to get world’s largest solar power plant

Next year on Independence Day, India will have the world's largest 750MW solar power plant in Rewa district of

Madhya Pradesh, which will pip America's much-vaunted 550-megawatt Desert Sunlight solar project in California,

commissioned four days ago. Source: TOI.

Accord priority sector to solar energy: Renewable Min to Finance Ministry

Renewable Energy Ministry has suggested Finance Ministrythat solar energy should be included in the priority sec-

tor norms of banks. The suggestion was made by Renewable Energy Ministry in its memorandum to Finance Minis-

ter Arun Jaitley who is scheduled to present the Budget on February 28. Source: Business Standard.

TN begins to sign power purchase agreements for solar projects

After years of wait, things have started moving in the solar industry in Tamil Nadu. The state-owned distribution

utility, Tangedco, has begun signing ‘power purchase agreements’ with solar developers. The first set of PPAs was-signed on Wednesday. Tangedco officials are tight-lipped about the details — one senior official said that he ex-

pected 25 agreements to be signed by month-end. Source: The Hindu.

Read More

Read More

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http://www.livemint.com/Industry/VbhCWPwVvp8c4v5IrNnPdI/RECs-green-energy-loans-to-cost-less-have-longer-tenures.html

http://www.thehindu.com/business/Industry/293-firms-commit-to-generate-266-gw-renewable-energy-in-5-years/article6898547.ece

http://articles.economictimes.indiatimes.com/2015-02-15/news/59166760_1_energy-global-investors-meet-renewable-energy-clean-energy

http://timesofindia.indiatimes.com/india/At-750MW-Madhya-Pradesh-to-get-worlds-largest-solar-power-plant/articleshow/46257281.cms

http://www.business-standard.com/article/pti-stories/accord-priority-sector-to-solar-energy-renewable-min-to-finmin-115021800702_1.html

http://www.business-standard.com/article/pti-stories/goyal-confident-of-100-bn-investment-in-green-energy-in-5-yrs-115021601385_1.html

http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/tn-begins-to-sign-power-purchase-agreements-for-solar-projects/article6914517.ece


India’s RPO Map

Renewable Energy -



* BESCOM,MESCOM, CESC - 10 % + 0.25%, HESCOM, GESCOM, Hukkeri Society - 7 % + 0.25%.

Status of Regulation - Final for all states except -

Draft for AP and Telangana, & TN ( Draft Amendments of targets )

RPO on OA Users? - Yes for all states except West Bengal.

Karnataka (5.00% RPO) - Yes (> 5MW).

RPO on CPP? - Yes for all states except West Bengal.

Gujarat, Odisha, Haryana, Bihar, Jharkhand, Tripura, Karnataka (5.00% RPO) - Yes (> 5MW).

RPO Penalty? - Yes (RECmax) for all the states.

West Bengal - Not Specified.

States

2014-15 RPO

Obligation

(Non Solar)

2014-15 RPO

Obligation

( Solar)

Andhra Pradesh 4.75 % 0.25 %

Assam 6.75 % 0.25 %

Arunachal Pradesh 6.80 % 0.20 %

Bihar 4.25 % 0.75 %

Chhattisgarh 6.00 % 0.75 %

Delhi 5.95 % 0.25 %

Gujarat 6.75 % 1.25 %

Haryana 3.00 % 0.25 %

Himachal Pradesh 10.00 % 0.25 %

J&K 5.25 % 0.75 %

Jharkhand 3.00 % 1.00 %

Karnataka 10.00 % * 0.25 % *

Kerala 4.39 % 0.25 %

Madhya Pradesh 6.00 % 1.00 %

Maharashtra 8.50 % 0.50 %

Meghalaya 0.60 % 0.40 %

Odisha 6.25 % 0.25 %

Punjab 3.81 % 0.19 %

Rajasthan 7.50 % 1.50 %

Tamil Nadu 09.00 % 2.00 %

Tripura 2.50 % 1.05%

Uttarakhand 7.00 % 0.075 % Uttar Pradesh 5.00 % 1.00 %

West Bengal 4.35 % 0.15 %

Goa & UTs 2.70 % 0.60 %

Manipur 4.75 % 0.25 %

Mizoram 14.75 % 0.25 %

Nagaland 7.75 % 0.25 %



About REConnect

Renewable Energy -



REConnect Energy is India’s leading renewable energy trading company. We provide end-

to-end services for projects in the Renewable Energy Certificate mechanism – from con-

tract structuring, advisory to monetization of RECs. We also work with power consumers to

manage Renewable Purchase Obligation (RPO) 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.

Our other prime area of focus is, facilitating Private PPAs (OTC) by bringing RE Generators

and HT Consumers onto a single platform called Clickpower.in, which we have developed

specifically for this purpose. It is India’s First Green Energy Marketplace.

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.

In cognizance of our quality and scope of services, we have been acknowledged with

the REC Facilitator of the Year, and Wind Facilitator of the Year awards in 2014.


Contact Details

Bangalore:

Vishal Pandya

[email protected]

No. 2, Victor Mansion , 2nd floor, Ko-

dihalli, Old Airport Road, HAL 2nd Stage

(PO), Bangalore—560008

O : 080 - 6547 3383 / 84

F : 080 - 30723571

New Delhi:

Vibhav Nuwal

[email protected]

C– 503, 5th Floor, Nirvana courtyard,

Nirvana Country, Sector 50,

Gurgaon 122018.

O : 0124 - 4103216

F : 080 - 30723571

Chennai:

Venkat Mutharasu (+919940177993)

[email protected]

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

Road, West Mambalam,

Chennai - 600 033.

Hyderabad:

Satish V. (+91 9945921921)

[email protected]

Solar Market:

Satish V. (+91 9945921921)

[email protected]

Mumbai:

Ram Kumar ( +919930359992 )

[email protected]

1013, 10th Floor,

Micro (Haware) Infotech Park,

Plot no. 16, Sector-30A, Vashi,

Navi Mumbai- 400705,

Maharashtra, India.

Renewable Purchase Obligation (RPO):

Chetan Singh Adhikari ( +91 9910772666)

[email protected]

Renewable Regulatory Fund (RRF):

Siddhartha P. (+91 9916994349)

[email protected]

Follow us on:


https://www.facebook.com/pages/REConnect-Energy/224609660900088?ref=br_tf

https://www.linkedin.com/company/reconnect-energy-solutions

https://twitter.com/REConnectEnergy

open access - reconnect energy...re-invest was inaugurated by the pm narendra modi, and saw a huge...

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