2. REC Mechanism
Renewable Energy Certificate (REC) mechanism is a market based instrument to promote
renewable energy and facilitate compliance of renewable purchase obligations (RPO). It is aimed
at addressing the mismatch between availability of RE resources in state and the requirement of
the obligated entities to meet the renewable purchase obligation (RPO).
Revenue for a RE generator under REC scheme includes revenue from the sale of electricity
component of RE generation and the revenue from the sale of environmental attributes in the
form of RECs.
Revenue
Sale of Electricity
Sale of REC Certificate
3. Financials REC
Per MW Optimistic Conservative Radically Pessimistic
Cost of Project Rs 9.5 crores Rs 10 crores Rs 10.5 crores
Expected Generation 17.5 lac units 16.5 Lac units 16 Lac units
Power Tariff Sale Rs 4 per unit Rs 2.7 per unit Rs 2.7 per unit
Tariff Escallation 5% 3% 3%
Max possible tariff Rs 8 Rs 7 Rs 6
Price of REC for 5 years Rs 11.5/unit Rs 9.3 /unit Rs 9.3 / unitPrice of REC for 5 years Rs 11.5/unit Rs 9.3 /unit Rs 9.3 / unit
Price of REC after 5 years RS 6/unit Rs 4.0/unit Zero
Exim financing 50% of Cost No No
Interest rate (Exim) 10% NA NA
Interest rate (domestic) 12.50% 13% 14%
Tenor for Exim 15 years NA NA
Tenor for domestic 12 years 12 years 12 years
Accelerated depreciation Yes YES Yes
Equity IRR 90% 40% 16%
4. Accreditation
30 days
42 days
Execution PlanExecution Plan
Reg for
project
0 1 2 3 4 5 6
MOU
Accreditation
Registration
Open Access
Comissioning
42 days
Setting up of the project
42 days
Issuance
Documentation with Electricity Dept
5. Process of Accreditation
ELIGIBLE
Entity
STATE AGENCY
SLDC - RVPN
1
2
3a
3b
Verification prior
to accreditation
Intimation to
accreditation
Application to
accreditation
Confirmation to
accreditation
NLDC – Central agency
3a
3c
Intimation to
accreditation
Confirmation to
accreditation
7. Sec A Owner Details
Sec B Operator Details
Sec C RE Generating Station Details
Format 1.1
AccreditationAccreditationAccreditationAccreditation
Sec C RE Generating Station Details
Sec D Connectivity Details with Concerned Licensee (STU/Discom)
Sec E Metering Details
Sec F Statutory Clearance Details
Sec H Details of Fee & Charges
Sec G General Details
Section I : Declaration
Format 1.2 CERTIFICATE OF ACCREDIATION
8. Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Section I : Declaration
Format 1.2
Sec D
Sec E
Sec F
Sec H
Sec G
9. Sec B
Sec A
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Section I : Declaration
Format 1.2
Sec D
Sec E
Sec F
Sec H
Sec G
10. Sec C
Sec A
Sec B
Sec D
AccreditationAccreditationAccreditationAccreditation
Section I : Declaration
Format 1.2
Sec D
Sec E
Sec F
Sec H
Sec G
11. Sec D
Sec A
Sec B
Sec C
AccreditationAccreditationAccreditationAccreditation
Sec D
Section I : Declaration
Format 1.2
Sec E
Sec F
Sec H
Sec G
12. Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Sec E
Section I : Declaration
Format 1.2
Sec D
Sec F
Sec H
Sec G
13. Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Sec F
Section I : Declaration
Format 1.2
Sec D
Sec E
Sec H
Sec G
14. Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Sec G
Section I : Declaration
Format 1.2
Sec D
Sec E
Sec F
Sec H
15. Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Sec H
Section I : Declaration
Format 1.2
Sec D
Sec E
Sec F
Sec G
16. Process of Registration
ELIGIBLE
Entity
STATE AGENCY
SLDC - RVPN
1
2
3a
3c
3b
Verification for
registration
Intimation of
Registration
Intimation of
Registration
Application for
Registration
Confirmation to
Registration
POWER
EXCHANGE
3d
Intimation of
Registration
NLDC –
Central agency
17. RegistrationRegistration
0 7 14 21 28 35 42
Check
Submission
2
incomplete
Processing
Fees Submit
Certificate
Check 2
7 work day
15 days
15 days
18. RegistrationRegistration
Sec A Owner Details
Sec B RE Generating Station Details
Sec C Copy of Certificate of Accreditation from State Agency
Format 2.1 Application for Registration of RE Generating as Eligible Entity
RegistrationRegistration
Sec C Copy of Certificate of Accreditation from State Agency
Sec D Commissioning Schedule
Sec E Details of Fee & Charges
Sec F Declaration
Section I : Declaration
Format 2.2 CERTIFICATE OF REGISTRATION
27. Open AccessOpen Access
0 10 20 30 40 50 60
Submission
MOU
incomplete
Processing
System stren
System Study
Submission
10 day
30 days
30 days
???
28. Form I APPLICATION FOR SCHEDULING
Form II CONCURENCE FROM SLDC
Form III REQUEST/CONCURRENCE FROM RLDC
Form IV CONGESTION INFORMATION (ADVANCE SCHEDULING)
Open AccessOpen Access
Form IV CONGESTION INFORMATION (ADVANCE SCHEDULING)
Form V REQUEST FOR REVISION OF SCHEDULE DUE TO CONGESTION
Form VI ACCEPTANCE FOR SCHEDULING
Form VIII REGISTRATION FORM
Form VII DETAILS OF PAYMENT
30. Process of Issuance
2
3
Verification prior
to Issuance
Intimation to
Issuance
Issuance of
REC
Intimation of Meter Reading
5b
Regular Injection
Report
STATE AGENCY
NLDC – Central agency
SLDC - RVPN
ELIGIBLE Entity
1
4b
5a
Issuance of
REC
Application for
Issuance
Intimation of Meter Reading
Distribution
Licensee
4a
4c
SLDC - RVPN
31. IssuanceIssuance
0 7 14 21 28 35 42
2Check
Submit
Incomplete
Processiong
2
5 days
15 days
Certificate
Check
32. IssuanceIssuance
Sec A Energy Injection Report
Sec B Registration Certificate (To ascertain validity)
Format 3.1
Sec B Registration Certificate (To ascertain validity)
Sec C Details of Fee & Charges
Sec D Compliance Auditor Report (if applicable)
Format 3.2 CERTIFICATE OF ISSUANCE
39. Application
Execution time
Forms
I Company Details
II Proposed Power Project
III Details of Proposed Power Project
IV Electrical DetailsIV Electrical Details
V Financial Details
VI Any Other relevant information
VIII Documents enclosed – As applicable
VII Declaration
40. Application
Execution time
Forms
I Company Details
II Proposed Power Project
III Details of Proposed Power Project
IV Electrical DetailsIV Electrical Details
V Financial Details
VI Any Other relevant information
VIII Documents enclosed – As applicable
VII Declaration
41. Services Offered
Conceptualization Execution Project MonitoringConceptualization
Monitoring
Execution Project Monitoring
Land Identification
Funding
Feasibility Study
Rebates and Incentives
Quality
Design
Procure
Install
Testing and Certification
Maintenance
Providing Engineering Excellence in every Step
42. Scope of Work
Business Model
Incorporating Renewable Incentives and Policy changes to get maximum out
of the Business Model
Technical
Proposals
Finance
Tie ups
Investor
Incorporating Renewable Incentives and Policy changes to get maximum out
of the Business Model
Forming JV for FI’s and facilitating tie ups with Indian Companies.
Overcoming legal hurdles to ease Investments in India
Consulting about best technology for Solar projects, based on the location
and the cost.
Pre Bid and Post Bid Consultancy for lucrative but competitive for Solar
tenders in India
Arranging Funds and Optimizing it to get maximum returns on Equity
Making strategic tie-ups for Foreign companies looking for Solar Business
Opportunity in India
43. Contact us:-
410, Alankar Plaza
Jaipur, Rajasthan
Ph no :- +91 141 2231469
Fax :- +91 141 3916464
Mob no :- +91 – 9829031658
Email :- agm@greenergytechnologies.in
Thank You
Contact us:-
410, Alankar Plaza
Jaipur, Rajasthan
Ph no :- +91 141 2231469
Fax :- +91 141 3916464
Mob no :- +91 – 9829031658
Email :- agm@greenergytechnologies.in
Our Business Associations
