RRECL SUSPENDS APPROVAL OF PROJECTS UNDER REC MECHANISM IN THE STATE

The approval of all renewable energy projects under the REC mechanism has been suspended by the Rajasthan Renewable Energy Corporation Ltd (RRECL) in an order dated 4/09/2017. The order also states that no new RE projects under REC mechanism will be approved by the state level screening committee (SLSC) until further orders. As per an RRECL official, after the lowest solar tariff was quoted in the state, the DISCOMs which are purchasing power through the REC mechanism at a higher rate and even then, are unable to fulfill their RPO obligations. Due to these reasons, RRECL has taken this step until further notice.
 
The article covering the same can be accessed here.