CERC allays fears over RPO enforcement
In a recent article of the Hindu Business line , Central Electricity Regulatory Commission (CERC) shared their concern over Renewable Purchase Obligation ( RPO ) enforcement. After successful completion of REC mechanism for one year, RPO enforcement regulation across various
Bruce Usher and Prof. Khaparde join REConnect Energy's Board of Advisors
We are pleased to announce that Prof. S. A. Khaparde and Bruce Usher have agreed to join the Board of Advisors of REConnect Energy. Prof. Khaparde and Bruce Usher are eminent personalities in their field. Their detailed profiles are included below. The
KERC announces APPC for FY-12
Honorable Karnataka Electricity Regulatory Commission (KERC) recently announced the Average Power Purchase Cost (APPC) for Karnataka. The APPC announced by KERC for the financial year 2012 is Rs.2.73/unit. Earlier, one of the key amendments to the RPO regulations in Karnataka was
Madhya Pradesh Cabinet clears Wind Energy Project Policy 2012
Madhya Pradesh cabinet recently endorsed State’s new Wind Energy Project Policy .The new policy will accelerate the pace of establishment of 1200 MWs wind energy projects. Provisions for allotment and development of projects have been simplified in the new
REC Trading Report – January 2012
As we approach the end of the compliance period i.e in March 2012, REC market reached its peak both in traded volume and prices. Total traded volume increased to over 170,000 ( an increase of 54% over previous month), while
REC mechanism is the key for positive development of renewable energy sector in India : ICRA
In a recent article of www.moneycontrol.com ICRA says that the key development of Renewable Energy sector in India is the trading of RECs which going to complete one year this March. The new developing renewable projects especially the wind
Accelerated Depreciation Benefits to End by March This Year
Accelerated depreciation - the tax break available when setting up a wind or other renewable energy project - is likely to end by March 2012, according to a report in Bloomberg. This change was widely anticipated when the new Direct Tax
REC market expected to be worth Rs 100 crore by year end
The Indian REC market worth Rs.30 crore at present, which is less than a year old is expected to touch Rs. 100 crore by the end of this financial year. In an article of The Hindu Business line a top official
REC Trading Report – December 2011
REC markets continue to grow, albeit more slowly than in the earlier months. Total treaded volume increased to approximately 120,000 (an increase of 14%), while price increased marginally to Rs 2,950/ REC (vs. Rs 2,900 last month; IEX prices). Prices
Andhra Pradesh Publishes Draft RPO Regulation
Andhra Pradesh published its draft RPO regulations. This is significantly delayed (AP was the only major state remaining to publish RPO; Delhi has a draft order, and West Bengal is essentially a non-participant - more on this later in the