Call for Reform of Discom's Gathering Steam
Business Standard wrote on the topic of Power Discom reforms - the second time in two days. The important points raised by the Shunglu Committee are: Huge Losses at the Discom's: During the five years (from 2006 to 2010), losses were Rs
Vibhav Nuwal, Director, REConnect Energy Solutions talks about strong enforcement of RPO regulations
In an interview with Electrical Monitor, Vibhav Nuwal, Director, REConnect Energy Solutions Pvt Ltd talks about the current scenario of Renewable Energy Certificates market in India. He said that the future of the REC market will grow only if
Shunglu Committee Proposes An SPV to Buy Bad Debts of Discoms
A recent article in Business Standards mentioned that an SPV is being proposed to buy the bad debts of Discom's. The fact that Discom's are essentially bankrupt has been known for a long time. The good news that is there
CERC proposes norms to frame renewable energy tariff post 2012
Last month the Central Electricity Regulatory Commission (CERC) came out with a draft regulation proposing new norms for framing renewable energy tariff for next control period i.e from 2012 to 2017. CERC has assured long-term tariff visibility and alignment of
Solar developers in search of light under REC scheme
After one year of completion of REC mechanism solar developers are still looking for some ray of light to benefit from the scheme. Only one solar project got accredited till date. The project is of Jain Irrigation, has a capacity
GEDA is Directed to Monitor RPO In Gujarat
The Gujarat Electricity Regulatory Commission (GERC) has directed the state nodal agency GEDA to the renewable power purchase obligation on regular basis and submit the report to the Commission quarterly basis. We believe this is an encouraging step, albeit a small
Power Tariffs Likely to Increase Signficantly: CERC
In recent days, power projects and tariff have made news in almost every newspaper. There have been reports of power projects being in trouble, state electricity board being denied loans by banks, and tariff increases. The article on tariff increase cites
Maharashtra Not to Allow Banking of Power to Renewable Generators
In another step back on the Open Access issue in Maharashtra, MSEDCL recently rolled back the banking provision for renewable energy generators opting for open access in the state. A recent circular released by MSEDCL has proposed new rules for banking
First Solar Project Gets Accreditated
The first solar project got accredited under the REC Mechanism. The project is of Jain Irrigation, has a capacity of 8.5 MW and is located in Maharashtra. While this is a start, we believe that the momentum in the Solar REC
Renewable Energy Certificates needs market push
In an article of The Hindu Business Line the current scenario of the Renewable Energy Certificates market of the country and its upcoming challenges was highlighted. With an extra one-and-a-half paise added into accounts of people who put up renewable energy capacities such as windmills, biomass and solar plants is an attractive return, justifying their investments. However, for this to work, a key parallel activity is the development of a robust market for renewable energy certificates and here is where action is needed urgently now.