OPENING DOOR TO ALL ENTERPRENURE FOR GREEN ECONOMY AND GREEN BUSINESS

OPENING DOOR TO ALL ENTERPRENURE FOR GREEN ECONOMY AND GREEN BUSINESS

REC is the currency of Renewable Energy Market 1 REC is received for each MWH generation of Electricity through sustainable sources like Solar, Wind, etc. REC has two categories i. Solar REC :- This is the best invention under the SUN ii. Non Solar REC REC represents the attributes of Electricity generation from Renewable Energy Sources. But Solar REC is most Precious among all and trading done separately REC has no boundary and no Geographic and Physical limitation.

A. Who can do this? Any individual, Partners, Company, Cooperative body, Corporation, HUF, Joint Venture satisfying the State/U.T. norms as prescribed by Energy Development Agency of that State or U.T. can do this. (Example:GEDA/ MEDA/ WEBREDA/ RRECL/ CREDA/UPNEDA ETC.)

B. How the Project Allotted / RegisteRed? Eligible can get accredited their Project with complete details not before Six Months prior to proposed date of commissioning. Should have space like Land/Roof for minimum installation of 250Kw. No limit prescribed for maximum installation. Separate application for separate Projects.

C. How to proceed for allotment and RegistRation? Eligible can register not before Three Month s prior to date of Commissioning at Central Agency of NLDC. Registration is possible only after state Certificate of accreditation. Total Solar Electricity generated must be sold to DISCOM at APPC or to any one in the Solar Exchange Market.

Issue of ReC Electricity metered by state Load dispatch centre only acceptable. This certificate of meter reading is basis of application to NLDC for issue of REC but all within three Months only. REC received to be sold within 365 days.

Trading of rec Trading of REC through closed double sided auction on last Wednesday of every Month. Power Exchange platform for sale or purchase of REC. Post confirmation by 5 PM on last Wednesday of each Month regarding Price and Volume of REC by NLDC. Purchaser like Companies who are burning Diesel, Petrol or using fossil fuels like State Roadways, Railways, all Electricity Board, Transport Corporation etc. are purchaser They have to inform to State Electricity Regulators about their purchase of REC, which will be in proportion of fossil fuel burnt by them on yearly basis.

Trading of rec Seller inform to State Electricity Regulators about their sale in numbers. All Transactions done unbiased and in transparent mode, seller does not know the purchaser vice a versa. Payment released to seller of REC on T+1. Minimum Price for one Solar REC is 9300 INR and maximum price is 13,400 INR. All State Road Transport, Railways, all Discom in India, who are burning Diesel, Petrol or Fossil Fuel will have to purchase REC to meet their obligation as per act (RPO).

Trading of rec NLDC has issued first REC in Month of May 2012. REC Market is limit less because everyone who consumes Diesel, Petrol, Fossil Fuel have to buy this REC at ultimate stage under RPO Act. The list of purchaser as defined by Government of India under the act is very long and volume of solar REC to be transected at power exchange is estimated around 500 Cr. this year.

World malls With mw roof top fit 1. Mall Of Arabia, Egypt- 1.90MWp 2. Grand Canyan Parkway, Las Vegas - 4.4 MWp 3. Isfahan City Center Iran - 4.5 MWp 4. New South China Mall, China, Donggun- 7.00MWp 5. Golden Resource Mall, China, Beijing- 5.00 MWp

ADVANTAGES 1. REC has good liquidity 2. Sellers may enter at appropriate time and sell REC at raised price. 3. Choice of Two Power Exchange. 4. Certainty of Cash Flow.

ECONOMIC PREVIEW 10 MWp SYSTEM a) Yearly minimum generated Unit = 15,000 MWH b) Yearly REC issued = 15,000 REC. c) Income from 15,000 MWH sold to DISCOM = 4.50 Cr. d) Income from 15000 REC sold at Power Exchange = 15 Cr. (REC rate considered Rs. 10,000 Vs Actually sold price of Rs.13,000 for Month of May 2012 at Power Exchange) e) Income received, 1st Year ( c+d )= 19.50 Cr. f) Estimated Project Cost for 10 MWp = 90 Cr. g) Life of Project = 25 Years.

ECONOMIC PREVIEW 10 MWp SYSTEM Comparison Of Executed PPA S and Proposed R.E.C. A. REC sale from Power Exchange gives rate of Rs. 13/- KWh. B. Minimum sold Price of Electricity to DISCOM as per Act Rs. 3/- KWh although producer is free to open access at his rate. C. REC Generator Company is to receive (A)+(B) = 13+3 = 16/- INR per KWh. D. Existing PPA is having range of INR 07.9 to 17.50. CONCLUSION: REC is proving better arm for investment for Investor. It has a very bright future.

PROFITABILITY

Head Office: Lobel House 65 Mihir Park, Opp Mittal Apartment, Nr Rajeev Tower, Nr Tube Company, O P Road, Vadodara-390 020 Tel: +91-9327007854 Email : lobelpower@gmail.com / info@lobelpower.com Website: www.lobelpower.com Address: Nr. Santram Temple, Opp. Old Shark Market, Padra, Gujarat, India.