OPEN ACCESS

May 2015

Volume - 51

Wind Facilitator of the Year & REC Facilitator of the Year 2014

From Management‘s Desk

In May, the Supreme Court pronounced its judgment on applicability of RPO on Captive and Open Access. This order is likely to prove to be a landmark judgment for the REC market. The effects of this judg-ment were already visible with the sudden rise in demand of RECs in May trading session.

May was also the month for various regulatory updates and tariff or-ders – notably important orders on RPO by MP, new retail tariffs an-nounced by Haryana, Punjab Solar Policy, Jharkhand Draft Solar Poli-cy and new RE tariffs in Punjab.

RECs trading saw huge demand compared to last month, and similar months last year. Overall the clearing ratios for both Solar and Non-solar improved compared to previous month. This is all attributed to SC order on RPO and enforcement by some states. We expect the demand will improve in the coming months.

We hope this volume to be an insightful read, and as always, look forward to your feedback.

- Team REConnect CO

NT

EN

T

SC Judgement on RPO

Regulatory Updates

REC Trade Results

REC Project Stats

Green News

RPO Map

About REConnect

Analysis of Supreme Court Judgment on Applicability of Renewable Purchase Obligations

SC Judgement on

RPO RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates

www.reconnectenergy.com Page 2

38%

REC Market

Share

PAN

India

Presence

2.2 GW

Projects under

management

Managing REC

Projects in

16

States

On May 13, 2015 the Supreme Court pronounced a

landmark judgment on the applicability of Renewa-

ble Purchase Obligations (RPO) regulations.

The case in question is Hindustan Zinc Vs Rajasthan

Electricity Regulatory Commission (RERC).

Background

In August 2012, the Rajasthan High Court had dis-

missed an appeal by Hindustan Zinc Ltd., Ambuja

Cements Ltd., Grasim Industries Ltd. and 14 other

companies that challenged RPO regulations enact-

ed by the state regulator (Rajasthan Electricity Reg-

ulatory Commission; RERC).

The key points contested by captive (CPP) and open

access (OA) users in the petition were:

RERC did not have the authority to pass the or-

der of RPO and impose surcharge (penalty) as

CPP and OA were completely de-licensed activi-

ties under the Electricity Act 2003 (EA 2003).

EA 2003 only allows RPO on the ‘total consump-

tion in the area of the distribution licensee’ and

therefore intends to apply RPO on distribution

licensees only.

The High Court rejected the petition stating:

The word ‘total consumption’ has been used in

the EA 2003, and should be considered as total

consumption in the area of distribution licensee

in all modes. Total consumption has to be seen

by consumers of distribution licensee, captive

power plants and on supply through distribution

licensee. It cannot be inferred by mention of ar-

ea of distribution licensee that only consumers

of the distribution licensee are included.

The objective behind imposition of RE obligation is

in the greater public interest. The constitution casts

duty on the Regulatory Commission to protect and

improve the natural environment. This duty can be

imposed on CPP and OA as well.

The above order of the Rajasthan High Court was chal-

lenged in the Supreme Court.

Order of the Supreme Court

In its order, the Supreme court dismissed the appeal of

the petitioners, and upheld the RPO regulations made

by RERC.

The court stated several important points in its judg-

ment:

Imposing RPO is desirable in the larger public inter-

est. The court observed that:

“…The Right to live with healthy life guaranteed under

Article 21 of the Constitution of India, it has also been

interpreted by this Court. It includes the Right to live in

a pollution free environment and laid down the law in a

catena of cases…”

And

SC upholds Rajasthan HC judgement

on applicability of RPO.

It said “RPO applicability on captive

and open access consumers is well

within the ambit of the Electricity Act

2003”.

Will provide for stricter enforcement

in states.

Analysis of changes in cross-subsidy and its impact on open access market

SC Judgement on

RPO RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates

www.reconnectenergy.com Page 3

38%

REC Market

Share

PAN

India

Presence

2.2 GW

Projects under

management

Managing REC

Projects in

16

States

“The impugned Regulations fall within the four cor-

ners of the Act of 2003 as well as Electricity Policy,

2005. The object of imposing RE Obligation is pro-

tection of environment and preventing pollution by

utilising Renewable Energy Sources as much as pos-

sible in larger public interest.”

And further:

“The Coal dominates the Thermal Power Generation

which results in Green House Gases resulting in glob-

al warming. The said facts were brought to our no-

tice that the same would certainly justify the case of

the RERC in framing the impugned Regulation to

achieve the object of the Act and the Constitution by

imposing RE obligation on the captive gencos.”

RPO applicability on captive and open access

consumers is well within the ambit of the Elec-

tricity Act 2003.

“The High Court has considered the submissions of

the appellants and has rightly rejected the same on

the ground that the RE obligation imposed on the

captive gencos under the impugned Regulations is

neither ultra vires nor violative of the provisions of

the Act of 2003 and cannot in any manner be re-

garded as a restriction on the fundamental rights

guaranteed to the appellants under the Constitu-

tion.”

Cost of fulfilling the obligation cannot be held

above the larger public interest.

“The purchase of nominal quantum of energy from

renewable resources cannot adversely affect the

cost effectiveness of the Captive Power Plant. More-

over, the object being reduction of pollution by pro-

moting renewable source of energy, larger public

interest must prevail over the interest of the indus-

try….”

As a result of the above findings, the court dis-

missed the appeal.

“Upon consideration of the rival submissions by the

well-reasoned order, the High Court has rightly up-

held the validity of the impugned Regulation and

we do not find any reason to interfere with the im-

pugned judgment. All the appeals are dismissed as

the same are devoid of merit.”

Implications of the order

This order is likely to have far-reaching implications

on the enforcement of RPO regulations.

Stay by HC in various states may become redun-

dant: Till date, the enforcement of RPO regula-

tions has been lax due to various reasons. One of

the reasons has been the stay granted by various

High Courts like in the case of Gujarat (recently

vacated), MP and Tamil Nadu, among others.

With the Supreme Court now ruling in favor of

imposition of RPO, the existing stay may become

redundant.

Enable stronger enforcement: Further, the order is

likely to provide support to the state electricity regu-

lators to impose RPO regulations more forcefully and

effectively.

Regulatory Updates

SC Judgement on

RPO RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates

www.reconnectenergy.com Page 4

India’s largest REC Trading Company Clickpower.in: India’s first Green Energy Marketplace

Jharkhand Notifies Draft Solar Policy 2015

The Government of Jharkhand has recently notified draft

for new solar policy. The new policy will be known as the

Jharkhand State Solar Power Policy 2015. The new Policy

will be in operation for five (5) years from the date of issu-

ance and will remain operational till modified or super-

seded by a new policy.

Objectives of the Policy:

The Policy targets to achieve 2500 MW of solar energy by

2020 and with an objective of promoting local manufac-

turing facilities and generating employment in the state.

Minimum Target: The minimum size of the solar PV

power plant at single location shall be 1 MW. The targets

of the policy are elaborated below –

Implementation Plan

1) Utility Scale Projects

2) Rooftop Solar Photovoltaic Power Plants Connected

with Electricity System

3) Decentralized & Off-Grid Solar Applications

Incentives Offered:

Exemption from the payment of Electricity Duty.

Deemed Industry Status will provided.

Open Access will be allowed.

Others

The policy also talks about Solar Purchase Obligation

(SPO), in line with Tamil Nadu. It proposes to increase it

from 1% to 4%.

For further details click here.

PSERC (Punjab) Finalizes Solar Rooftop (Net Me-

tering) Regulation

The Punjab Electricity Regulatory Commission (PSERC) has

recently (on 7th May 2015) finalized the Net Metering

Regulation for Grid Interactive Solar Rooftop Systems. The

regulation will allow electricity consumers of the state to

generate solar energy and to consume such generate en-

ergy for their internal use and to feed the remaining sur-

plus solar energy into the distribution system. The regula-

tion will come in force from the date of publication of the

same in official gazette.

The main features of the regulation are given in the

points below:

The solar rooftop system to be installed can be self

owned system or a third party owned system.

The solar rooftop systems shall be of Min. 1kWp ca-

pacity and Max. 1Mwp capacity with or without bat-

tery backup.

The Discom shall offer the provision of Net Metering

to the consumer who intends to install rooftop sys-

tems on first come first serve basis.

A maximum cumulative capacity at a particular distri-

bution transformer shall not exceed 30% of the rated

capacity of the distribution transformer.

The capacity of an individual rooftop PV system shall

not exceed 80% of the sanctioned load of the con-

sumer.

The quantum of energy consumed from the rooftop

system will be considered towards the Renewable Pur-

chase Obligation (RPO) of Distribution licensee if the

consumer is not an obligated entity.

PSERC earlier notified its draft regulation and invited

comments from stake holders and interested parties, fol-

lowing that the commission has finalized the regulation.

The regulation seems to be a good sign for development

of solar energy in the state as the PEDA (Punjab Energy

Development Agency) has already announced its policy

for rooftop solar energy systems.

For further details click here.

Description FY

16

FY

17

FY

18

FY

19

FY

20

To-

tal

Solar PV Plants

in MW 50 200 500 500 750 2000

Rooftop Solar

Projects in MW 25 50 100 125 200 500

Solar Thermal

Projects in MW 5 10 10 10 15 50

Regulatory Updates

SC Judgement on

RPO RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates

www.reconnectenergy.com Page 5

India’s largest REC Trading Company Clickpower.in: India’s first Green Energy Marketplace

Rajasthan Finalizes Tariff for Biomass Projects

Rajasthan Electricity Regulatory commission (RERC) in its

order dated 7th May 2015, has finalized the tariff for bio-

mass projects in the state. The regulation will come in

force from 1st April 2015 and will remain in force for a pe-

riod of four (4) years.

Tariff for Biomass power plants, for which Power Purchase

Agreements (PPA) have been executed under GoR Policy

of 1999 and commissioned before 30.09.2008 will be as

given in the table below.

Wheeling and Transmission charges will be applicable as

per commissions orders. Banking will be allowed with 2%

banking charges.

For more details click here.

TNERC proposes new RPO Targets for FY 15-16

The Tamil Nadu Electricity Regulatory Commission

(TNERC) in its latest notification has proposed new RPO

targets for the state. The proposed targets will be applica-

ble during FY 15-16.

The commission has also proposed that the RPO percent-

ages defined for FY 11-12 by commission in its order dat-

ed 10th Aug 2011, should be applicable for the year 2012

-13 and 2013-14 for the Distribution Licensee. The RPO

targets for FY 11-12 were defined at total 9% out of which

0.05% was solar RPO and 8.95% was defined as non-solar

RPO.

Apart from this the commission in the notification has

mentioned that for the captive and open access Enforce-

ment of Renewable Purchase Obligation is subject to out-

come of the cases filed in the relevant judicial forums.

The graph below shows the RPO targets year wise:

Further details can be found here.

Haryana Finalizes Retail Tariff for FY 15-16

The Haryana Electricity Regulatory Commission (HERC) on

May 7th, 2015 has finalized the retail supply tariff applica-

ble for FY 15-16. The summary of the Industrial tariffs is

given in the graph below:

Commercial Consumers tariff defined for FY 15-16 is Rs.

6.3/kVAh compared to Rs. 5.71/kVAh, a rise of 9.4% which

is significant. And the LT industrial tariff for FY 15-16 has

been increase by 6-7% compared to previous year.

For more details click here.

RE Genera-tion during

the year

Tariff in Rs. Per kWh for plants

under GoR policy of 11.3.99

RE Genera-tion during

the year

Tariff in Rs. Per kWh for plants

under GoR policy of 11.3.99

1998-99 2.75 2009-10 4.7034

1999-00 2.8875 2010-11 4.9386

2000-01 3.0319 2011-12 5.1855

2001-02 3.1835 2012-13 5.4448

2002-03 3.3426 2013-14 5.7171

2003-04 3.5098 2014-15 6.0029

2004-05 3.6853 2015-16 6.303

2005-06 3.8695 2016-17 6.6182

2006-07 4.063 2017-18 6.9491

2007-08 4.2662 2018-19 7.2966

2008-09 4.4795

Regulatory Updates

SC Judgement on

RPO RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates

www.reconnectenergy.com Page 6

India’s largest REC Trading Company Clickpower.in: India’s first Green Energy Marketplace

MPERC Finalizes RPO Targets for FY 15-16

The Madhya Pradesh Electricity Regulatory Commission

(MPERC) on 08th May 2015 has finalized new Renewable

Purchase Obligation (RPO) target for FY 15-16. The noti-

fied amendment finalizes RPO target for FY 15-16, the

details are in the table below:

The MPERC in its previous order dated 19th November

2010, had defined targets till FY 14-15. In the new order

the targets hasn’t been increased I.e. it is same as it was

for the last financial year FY 14-15. The graph below

shows the RPO targets defined by MPERC till date.

For further reading click here.

Punjab Finalizes New RPO Targets

The Punjab Electricity Regulatory Commission (PSERC) has

finalized the amendment to its RPO regulation 2011. The

Amendment was notified on May 6, 2015. The new

amendment to principle regulation defines new RPO tar-

gets for the upcoming years. Details below:

The analysis can be read here.

PSERC Proposes RE Tariff for FY 15-16

The Punjab Regulatory Commission (PSERC) has recently proposed the Renewable Energy Tariff for FY 15-16. The commission through a separate Public Notice has invited comments and suggestions on the proposed Staff Paper. The comments and suggestions can be submitted by 15th June, 2015. The details of the tariff proposed by the commission are given in the table below:

A graph below depicts the tariffs determined by the PSERC over the years.

The tariffs determined by the PSERC over the years have been in line with the tariff determined CERC. So it is ex-pected that the PSERC RE tariff for FY 15-16, might be de-termined in line with the CERC RE tariff.

More details on draft RE Tariff can be read here .

- - - - End of Section - - - -

Partic-

ulars

Applicable

Tariff

Benefit of AD, if

availed

Net Tariff

with AD

Small Hydro Power Projects (Rs./kWh)

Below 5

MW 5.47 - -

5 to 25

MW 4.65 - -

Wind Power Projects (Rs./kWh)

Wind

Zone-1 6.58 0.71 5.87

Solar Power Projects (Rs./kWh)

Solar PV 7.04 0.69 6.35

Solar

Thermal 12.05 1.25 10.80

Clickpower.in Market Update

SC Judgement on

RPO RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates

India’s largest REC Trading Company

Telangana Sell: 25 MW

Buy: 32.6 MW

Price: Rs. 5.85/Unit*

Sell: 62.6 MW

Buy: 1.6.5 MW

Price: Rs. 6.5/Unit*

Sell: 88 MW

Buy: 275 MW

Price: Rs. 5.5/Unit*

Sell: 8 MW

Buy: 4 MW

Price: Rs. 6/Unit*

Sell: 198.2 MW

Buy: 156.5 MW

Price: Rs. 6/Unit*

* Lowest Price as on 02.06.2015

AP Sell: 17 MW

Buy: 29 MW

Price: Rs. 6/Unit*

Clickpower.in: India’s first Green Energy Marketplace

Clickpower.in: India’s First Green Energy Marketplace

is now open for Consumers and Generators to register and ex-

plore. It is currently open for 6 states, with currently registered

volumes and price shown below for respective states. Feel free

to register till the offer of free registration is open. Explore and

discover the best deals of power online.

Call: +91 8088732732 for more details and assistance.

www.reconnectenergy.com Page 7

Clickpower.in Media Coverage

REC Trade Report - May 2015 (A Significant jump after Supreme Court judgment)

SC Judgement on

RPO RPO Map Green News REC Project Stats REC Trade Report

Regulatory

Updates

www.reconnectenergy.com Page 8

India’s largest REC Trading Company

REC Market Update

In May’s trading session, 256,579 Non Solar and 83,189 Solar REC’s were traded through Power Exchange (a total of

339,768 REC’s), which was more than 4 times the traded volume in April. The significant jump appears as a direct re-

sult of the Supreme Court judgment. The SC gave its judgment upholding the applicability of RPO on open access

and captive consumers. The judgment is expected to have far-reaching impact as stay on RPO in many states will be-

come redundant. It is also expected that SERC will take a more stringent approach to RPO enforcement.

Non Solar RECs

Total of 2.5 Lakh REC’s were cleared in this trading session. IEX and PXIL had a clearing ratio of 3.6% and 0.4%. Non

Solar REC’s traded were approx.3.5 time’s higher w.r.t previous month.

:

Clickpower.in: India’s first Green Energy Marketplace

11,190,409 10,907,254 1057762511091685

522,079 338,899 578001 537160

747,487 654,985 55612 256579 -

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

Feb-15 Mar-15 Apr-15 May-15

Non-Solar RECs

Available Issued Redemmed

5.72%

5.26%

0.72%

3.64%

7.89%6.82%

0.32%0.89%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

Feb-15 Mar-15 Apr-15 May-15

Non-Solar Clearing %

IEX PXIL

For past trading history - CLICK HERE

REC Trade Report - May 2015 (A Significant jump after Supreme Court judgment)

SC Judgement on

RPO RPO Map Green News REC Project Stats REC Trade Report

Regulatory

Updates

www.reconnectenergy.com Page 9

India’s largest REC Trading Company

Solar RECs

REC’s redeemed this month were 83,189, which is an 8-fold increase in number w.r.t. previous month. The clearing

ratio was 5.51% and 0.89% in IEX and PXIL respectively. Demand for solar REC’s significantly improved this month.

Clickpower.in: India’s first Green Energy Marketplace

For past trading history - CLICK HERE

2.70%

3.89%

0.68%

5.51%

3.28%

4.85%

0.23%

0.40%0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

Feb-15 Mar-15 Apr-15 May-15

Solar Clearing %

IEX PXIL

1,528,251 1,554,388 1599598

1823098

71,006 114,192 232256 284104

44,869 68,982 8522 83189

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

Feb-15 Mar-15 Apr-15 May-15

Solar RECs

Available Issued Redemmed

REC Project Status - As on 2nd June, 2015

SC Judgement on

RPO RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates

www.reconnectenergy.com Page 10

Registered Capacity

4790 MW

India’s largest REC Trading Company

Projects Registered

Source wise

All figures

in MW

Biomass

696

Solar

PV 582

Wind

2312 Bio-fuel

Cogeneration

908

Clickpower.in: India’s first Green Energy Marketplace

Small Hydro

291

Projects Registered State wise (MW)

2 23

11743 69

367

730

84 83

399

203

1,035

168

5

137

23

1,205

33 35 24 50

200

400

600

800

1000

1200

1400

Reg. Capacity (MW)

Green News - National

SC Judgement on

RPO RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates

India’s largest REC Trading Company

www.reconnectenergy.com Page 11

PTC may call for solar power bids in dollar-denominated tariff

As part of the government’s plan to push solar electricity by paying for it in dollars, power trading company PTC

India Ltd may call for bids from solar project developers on behalf of the MNRE. The radical approach of dollar-

denominated tariff expected to be followed by India’s largest power trader may be similar to that of state-

owned NTPC Ltd, aimed at providing green power at less than Rs.4.50 a unit. Source: Live mint.

Punjab set for revolution in renewable energy sector: Sukhbir

Punjab was all set for major "revolution" in renewable energy sector due to a large scale investment in solar power

projects, unique net metering policy and farm-level solar power projects, Deputy Chief Minister Sukhbir Singh Badal

today said. He also said that the initiatives by the state government will ensure wider participation of investors,

common people and farmers. Source: Business Standard.

India eyes $1.1 billion solar loan from German bank KFW

German development bank KFW could lend India $1.1 billion for rooftop solar projects, on top of another loan it

has extended to help the Asian country fund its ambitious green energy plans, India's top renewable energy bu-

reaucrat told Reuters. Prime Minister Narendra Modi wants to quintuple India's renewable energy capacity to 175

GW’s by 2022, making clean energy part of his fight against climate change without necessarily committing to a

timeline for emission cuts. Source: Reuters.

Green power gets a big push

The ministry of new and renewable energy (MNRE), housed in New Delhi’s CGO Complex, was always the least visi-

ble of the infrastructure ministries, with many bureaucrats viewing it a step-down posting. Not any more. Percep-

tions changed rapidly with the National Democratic Alliance (NDA) government taking over. Source: Live Mint.

Govt approves 17 solar parks, considers dollar tariffs to attract foreign investment The government has approved 17 solar parks and plans to auction 15,877 MW of solar generating capacity this

year. "We are also considering dollar tariffs in some cases to encourage foreign investment," power minister Piyush

Goyal said on Wednesday at a press conference on the completion of one year of the National Democratic Alliance

government. Source: Economic Times.

Govt to approve policy on 100 GW solar power in few days: Min

The government is likely to approve in few days a final policy on adding 100 GW of solar power, as it targets energy

generation of 175 GW from renewable sources by 2022. "Government has already approved 19 solar power parks,

which would generate 12-13 GW. Policy approvals have been done. One final policy (on solar power) of (adding)

1,00,000 MW will be confirmed (approved) by the Cabinet in few days," Power, New & Renewable Energy Minister

Piyush Goyal told reporters here. Source: Business Standard.

NTPC to buy 15,000MW of solar power through reverse auction

As part of the National Democratic Alliance government’s green energy push, state-owned NTPC Ltd will call for

bids from solar project developers for buying 15,000 megawatts (MW) on behalf of the ministry of new and renew-

able energy (MNRE). This is in addition to NTPC’s plans to set up 10,000 MW of solar power capacity on its own..

Source: The Live Mint.

Read More

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Clickpower.in: India’s first Green Energy Marketplace

India’s RPO Map

SC Judgement on

RPO RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates

www.reconnectenergy.com Page 12

* BESCOM,MESCOM, CESC - 10 % + 0.25%, HESCOM, GESCOM, Hukkeri Society - 7 % + 0.25%.

Status of Regulation - Final for all states except -

Draft for Haryana and Telangana, Tripura & TN ( Draft Amendments of targets )

RPO on OA Users? - Yes for all states except West Bengal.

Karnataka (5.00% RPO) - Yes (> 5MW).

RPO on CPP? - Yes for all states except West Bengal.

Gujarat, Odisha, Haryana, Bihar, Jharkhand, Tripura, Karnataka (5.00% RPO) - Yes (> 5MW).

RPO Penalty? - Yes (RECmax) for all the states.

West Bengal - Not Specified.

States

2015-16 RPO

Obligation

(Non Solar)

2015-16 RPO

Obligation

( Solar)

Andhra Pradesh 4.75 % 0.25 %

Assam 6.75 % 0.25 %

Arunachal Pradesh 6.80 % 0.20 %

Bihar 325 % 1.25 % Chhattisgarh 6.25 % 1.0 %

Delhi 7.30 % 0.30 %

Gujarat 7.5 % 1.5 %

Haryana 3.12 % 0.38%

Himachal Pradesh 11.00 % 0.25 %

J&K 6.0 % 1.50 %

Jharkhand 3.00 % 1.00 %

Karnataka 10.00 % * 0.25 % *

Kerala 4.58% 0.25%

Madhya Pradesh 6.00 % 1.00 %

Maharashtra 8.50 % 0.50 %

Meghalaya 1.09 % 0.41 %

Odisha 6.70 % 0.30 %

Punjab 3.9% 1.0%

Rajasthan 8.20 % 2.0 %

Tamil Nadu 10.00 % 1.0%

Tripura 9.90 % 1.10%

Uttarakhand 8.00 % 0.10 %

Uttar Pradesh 5.00 % 1.00 %

West Bengal 4.80 % 0.20 %

Goa & UTs 2.70 % 0.85 %

Manipur 4.75 % 0.25 %

Mizoram 14.75 % 0.25 %

Nagaland 7.75 % 0.25 %

India’s largest REC Trading Company Clickpower.in: India’s first Green Energy Marketplace

About REConnect

SC Judgement on

RPO RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates

www.reconnectenergy.com Page 13

REConnect Energy is India’s leading renewable energy trading company. We provide end-to-end services

for projects in the Renewable Energy Certificate mechanism – from contract structuring, advisory to mone-

tization of RECs. We also work with power consumers to manage Renewable Purchase Obligation (RPO)

liabilities, and develop and execute their energy sourcing strategy. We are a knowledge focused company

that prides itself in providing premium services to our clients backed by in-depth research and analysis.

Our other prime area of focus is, facilitating Private PPAs (OTC) by bringing RE Generators and HT Con-

sumers onto a single platform called Clickpower.in, which we have developed specifically for this pur-

pose. It is India’s First Green Energy Marketplace.

REConnect is run by an experienced and professional team. The team consists of members with relevant

experience of working at IEX, L&T, JP Morgan, Arthur Andersen and Gensol. Key members of the team are

alumnus of IIT Bombay, Columbia University (an Ivy League university) and IIT Kharagpur.

For more details of services provided and profile of the management team, please visit our website.

India’s largest REC Trading Company Clickpower.in: India’s first Green Energy Marketplace

Contact Details

Bangalore:

Vishal Pandya

Vishal.Pandya@reconnectenergy.com

No. 2, Victor Mansion , 2nd floor, Ko-

dihalli, Old Airport Road, HAL 2nd Stage

(PO), Bangalore—560008

O : 080 - 6547 3383 / 84

F : 080 - 30723571

New Delhi:

Vibhav Nuwal

Vibhav.Nuwal@reconnectenergy.com

C– 503, 5th Floor, Nirvana courtyard,

Nirvana Country, Sector 50,

Gurgaon 122018.

O : 0124 - 4103216

F : 080 - 30723571

Chennai:

Venkat Mutharasu (+919940177993)

venkat.mutharasu@reconnectenergy.com

# 18/1 (88), 2nd Floor, Aarya Gowda

Road, West Mambalam,

Chennai - 600 033.

Hyderabad:

Vignesh A. (+91 8500265841)

vignesh.kumar@reconnectenergy.com

Solar Market:

Vibhav Nuwal

Vibhav.Nuwal@reconnectenergy.com

Mumbai:

Ram Kumar ( +919930359992 )

Ramkumar@reconnectenergy.com

1013, 10th Floor,

Micro (Haware) Infotech Park,

Plot no. 16, Sector-30A, Vashi,

Navi Mumbai- 400705,

Maharashtra, India.

Renewable Purchase Obligation (RPO):

Chetan Singh Adhikari ( +91 9910772666)

Chetan.Adhikari@reconnectenergy.com

Renewable Regulatory Fund (RRF):

Siddhartha P. (+91 9916994349)

Siddhartha.priyadarshi@reconnectenergy.com

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