REC Mechanism
----
Execution Details
REC Mechanism
Renewable Energy Certificate (REC) mechanism is a market based instrument to promote
renewable energy and fa...
Financials REC
Per MW Optimistic Conservative Radically Pessimistic
Cost of Project Rs 9.5 crores Rs 10 crores Rs 10.5 cro...
Accreditation
30 days
42 days
Execution PlanExecution Plan
Reg for
project
0 1 2 3 4 5 6
MOU
Accreditation
Registration
Op...
Process of Accreditation
ELIGIBLE
Entity
STATE AGENCY
SLDC - RVPN
1
2
3a
3b
Verification prior
to accreditation
Intimation...
AccreditationAccreditation
0 7 14 21 28 35 42
Submission
Re Submit
Processiong
5 days
7 days
30 Days
Certificate
Check
Sec A Owner Details
Sec B Operator Details
Sec C RE Generating Station Details
Format 1.1
AccreditationAccreditationAccred...
Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Section I : Declaration
Format 1.2
Sec D
Sec ...
Sec B
Sec A
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Section I : Declaration
Format 1.2
Sec D
Sec ...
Sec C
Sec A
Sec B
Sec D
AccreditationAccreditationAccreditationAccreditation
Section I : Declaration
Format 1.2
Sec D
Sec ...
Sec D
Sec A
Sec B
Sec C
AccreditationAccreditationAccreditationAccreditation
Sec D
Section I : Declaration
Format 1.2
Sec ...
Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Sec E
Section I : Declaration
Format 1.2
Sec ...
Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Sec F
Section I : Declaration
Format 1.2
Sec ...
Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Sec G
Section I : Declaration
Format 1.2
Sec ...
Sec A
Sec B
Sec C
Sec D
AccreditationAccreditationAccreditationAccreditation
Sec H
Section I : Declaration
Format 1.2
Sec ...
Process of Registration
ELIGIBLE
Entity
STATE AGENCY
SLDC - RVPN
1
2
3a
3c
3b
Verification for
registration
Intimation of
...
RegistrationRegistration
0 7 14 21 28 35 42
Check
Submission
2
incomplete
Processing
Fees Submit
Certificate
Check 2
7 wor...
RegistrationRegistration
Sec A Owner Details
Sec B RE Generating Station Details
Sec C Copy of Certificate of Accreditatio...
RegistrationRegistration
Sec A
Format 2.1
Sec B
Sec C
RegistrationRegistration
Section I : Declaration
Format 2.2
Sec C
Se...
Sec B
Format 2.1
Sec A
Sec C
RegistrationRegistration
Section I : Declaration
Format 2.2
Sec C
Sec D
Sec E
Sec F
Sec C
Format 2.1
Sec A
Sec B
RegistrationRegistration
Sec C
Section I : Declaration
Format 2.2
Sec D
Sec E
Sec F
Format 2.1
Sec A
Sec B
Sec C
RegistrationRegistration
Sec D
Section I : Declaration
Format 2.2
Sec C
Sec E
Sec F
Format 2.1
Sec A
Sec B
Sec C
RegistrationRegistration
Sec E
Section I : Declaration
Format 2.2
Sec C
Sec D
Sec F
Format 2.1
Sec A
Sec B
Sec C
RegistrationRegistration
Sec F
Section I : Declaration
Format 2.2
Sec C
Sec D
Sec E
Sec A
Sec B
Sec C
Format 2.1
RegistrationRegistration
Sec C
Sec D
Sec E
Sec F
Section I : Declaration
Format 2.2
Process of Open Access
Power Ex
NLDC
Urja Bhawan
RREC
Open AccessOpen Access
0 10 20 30 40 50 60
Submission
MOU
incomplete
Processing
System stren
System Study
Submission
10 da...
Form I APPLICATION FOR SCHEDULING
Form II CONCURENCE FROM SLDC
Form III REQUEST/CONCURRENCE FROM RLDC
Form IV CONGESTION I...
Commissioning
Process of Issuance
2
3
Verification prior
to Issuance
Intimation to
Issuance
Issuance of
REC
Intimation of Meter Reading
...
IssuanceIssuance
0 7 14 21 28 35 42
2Check
Submit
Incomplete
Processiong
2
5 days
15 days
Certificate
Check
IssuanceIssuance
Sec A Energy Injection Report
Sec B Registration Certificate (To ascertain validity)
Format 3.1
Sec B Reg...
IssuanceIssuance
Sec A
Format 3.1
Sec B
Sec C
Format 3.2
Sec C
Sec D
IssuanceIssuance
Sec B
Format 3.1
Sec A
Sec C
Format 3.2
Sec C
Sec D
IssuanceIssuance
Sec C
Format 3.1
Sec A
Sec B
Sec C
Format 3.2
Sec D
IssuanceIssuance
Format 3.1
Sec A
Sec B
Sec C
Sec D
Format 3.2
Sec C
IssuanceIssuance
Sec A
Sec B
Sec C
Format 3.1
Sec C
Sec D
Format 3.2
Application
Execution time
Forms
Application
Execution time
Forms
I Company Details
II Proposed Power Project
III Details of Proposed Power Project
IV Elec...
Application
Execution time
Forms
I Company Details
II Proposed Power Project
III Details of Proposed Power Project
IV Elec...
Services Offered
Conceptualization Execution Project MonitoringConceptualization
Monitoring
Execution Project Monitoring
L...
Scope of Work
Business Model
Incorporating Renewable Incentives and Policy changes to get maximum out
of the Business Mode...
Contact us:-
410, Alankar Plaza
Jaipur, Rajasthan
Ph no :- +91 141 2231469
Fax :- +91 141 3916464
Mob no :- +91 – 98290316...
Power Ex
NLDC
Urja Bhawan
RREC
S.No Type Charges
1 Registration for the project Rs 10,000 / MW
Registration Charges Rs 50,000/ MW
Processing Charges Rs 1...
Compliance Auditor
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REC mechanism

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REC mechanism

  1. 1. REC Mechanism ---- Execution Details
  2. 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. 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. 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. 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
  6. 6. AccreditationAccreditation 0 7 14 21 28 35 42 Submission Re Submit Processiong 5 days 7 days 30 Days Certificate Check
  7. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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
  19. 19. RegistrationRegistration Sec A Format 2.1 Sec B Sec C RegistrationRegistration Section I : Declaration Format 2.2 Sec C Sec D Sec E Sec F
  20. 20. Sec B Format 2.1 Sec A Sec C RegistrationRegistration Section I : Declaration Format 2.2 Sec C Sec D Sec E Sec F
  21. 21. Sec C Format 2.1 Sec A Sec B RegistrationRegistration Sec C Section I : Declaration Format 2.2 Sec D Sec E Sec F
  22. 22. Format 2.1 Sec A Sec B Sec C RegistrationRegistration Sec D Section I : Declaration Format 2.2 Sec C Sec E Sec F
  23. 23. Format 2.1 Sec A Sec B Sec C RegistrationRegistration Sec E Section I : Declaration Format 2.2 Sec C Sec D Sec F
  24. 24. Format 2.1 Sec A Sec B Sec C RegistrationRegistration Sec F Section I : Declaration Format 2.2 Sec C Sec D Sec E
  25. 25. Sec A Sec B Sec C Format 2.1 RegistrationRegistration Sec C Sec D Sec E Sec F Section I : Declaration Format 2.2
  26. 26. Process of Open Access Power Ex NLDC Urja Bhawan RREC
  27. 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. 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
  29. 29. Commissioning
  30. 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. 31. IssuanceIssuance 0 7 14 21 28 35 42 2Check Submit Incomplete Processiong 2 5 days 15 days Certificate Check
  32. 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
  33. 33. IssuanceIssuance Sec A Format 3.1 Sec B Sec C Format 3.2 Sec C Sec D
  34. 34. IssuanceIssuance Sec B Format 3.1 Sec A Sec C Format 3.2 Sec C Sec D
  35. 35. IssuanceIssuance Sec C Format 3.1 Sec A Sec B Sec C Format 3.2 Sec D
  36. 36. IssuanceIssuance Format 3.1 Sec A Sec B Sec C Sec D Format 3.2 Sec C
  37. 37. IssuanceIssuance Sec A Sec B Sec C Format 3.1 Sec C Sec D Format 3.2
  38. 38. Application Execution time Forms
  39. 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. 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. 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. 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. 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
  44. 44. Power Ex NLDC Urja Bhawan RREC
  45. 45. S.No Type Charges 1 Registration for the project Rs 10,000 / MW Registration Charges Rs 50,000/ MW Processing Charges Rs 10,000 / MW 2 Accreditation Charges 3 Registration for certificate 4 Issuance for Certificates
  46. 46. Compliance Auditor

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