MPERC refuses expemtion of Solar RPO
Recently MPERC held in an order that there will not be any relaxation and revision in fulfillment of Renewable Purchase Obligation (RPO) targets from solar energy sources for FY 2011-12 and 2012-13. The order is in response to the petition
RECs markets face uncertaininty due to lack of enforcement: Businessworld
We have highlighted the problem with enforcement regularly. A recent article in Businessworld brings the issue center-stage. Jayant Deo, former MD and CEO of the Indian Energy Exchange (IEX) is quoted as saying: " [obligated] entities are getting away with non-compliance because
REC trade picks up speed
In yesterday's article of the Hindustan Times , Rupa Devi Singh,Managing Director of PXIL said that the REC market is expected to grow to Rs.100 crore by the end of 2012. Currently the market size per month is around
Revision of Electricity Tariff in Karnataka for the year 2012-13
Karnataka Electricity Regulatory Commission (KERC) has ordered revision of electricity tariff for all the Electricity Supply Companies in the State for the Financial Year 2012-13 and will come into effect for the electricity consumed from the first meter reading date
MP amends RPO regulation to include Co-gen as renewable energy
In our recent newsletter (Vol 19), we had mentioned the following: Madhya Pradesh recently proposed an amendment to its RPO regulations. The amendment proposes to substitute “Co-generation from Renewable Sources of electricity” with the word “Co-generation” in various sections of the
Accelerated Depreciation Benefit for Wind Projects Withdrawn
Recently the Central Government withdrew Accelerated Depreciation (AD) benefit for wind projects. This was widely anticipated (we had covered it earlier here), but there were some uncertainties (see Economic Times article of a few days back which said the benefit
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
Will Open Access system remain open ?
Open access system allows generating companies to sell power directly to distribution companies and bulk consumers of 1MW and above is going to be implemented soon. The ministry of power has instructed states to implement the open-access system of Electricity
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 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