N E W S A N D I N F O R M A T I O NIEX Bulletin

MARCH'17 ISSUE 03 | VOlUME 4

ISO 9001:2008, 27001:2013, 14001:2004

IEX achieves the distinction of becoming the first power exchange in India to accomplish ISO Certifications: ISO 9001:2008 for Quality Management, ISO 27001:2013 for Information Security Management and ISO 14001:2004 for Environment Management

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In thIs Issue...PAGE REGUlATORY NEWS

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01 CERC issues amendments in Connectivity Regulations

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01 CERC issues draft Cross Border Trade of Electricity Regulations, 2017

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03 CERC proposes revision in forbearance price and floor price for RECs

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03 APERC and KSERC dismiss Intra-state Power Exchange Petition

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03 RERC issues amendment to Open Access Regulations, 2017

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04 WBERC issues draft Balancing and Settlement Code Regulations

PAGE MARkET INSIGHTS

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05 IEX to Commence ESCert Trading

PAGE MARkET NEWS

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07 Power Market Update: February’17

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08 REC Market Update: February’17

PAGE TRADE INFO

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REGUlATORY NEWSCERC issues amendments in Connectivity Regulations

On 17.02.2017, CERC issued amendments in Grant of Connectivity, Long-term Access and Medium-term Open Access in inter-State transmission, Regulations and related matters, 2017. A brief of the amendments are as here under:

� Long-term Access: The right to use the Inter-State transmission system for a period exceeding

7 years. Earlier it was 12 to 25 years.

� Medium-Term Open Access: The right to use the Inter-State transmission system for a period equal to

or exceeding 3 months but not exceeding 5 years. Earlier it was 3 months to 3 years.

� Firming up of Drawl or Injection by LTA Customers: − LTA customer will notify the Nodal Agency along with copy of PPA for

scheduling. − CTU to advise concerned RLDC for scheduling within 1 month. − MTOA customer is permitted to relinquish MTOA without any

relinquishment charges when capacity has been curtailed. − LTA Customer availing MTOA on account of non-operationalization of

LTA shall not be required to pay relinquishment charges if the LTA is operationalized during the MTOA period.

� Underutilization of LTA and MTOA: − If RLDCs observes that the LTA/MTOA customer request for scheduling

is consistently, for more than 5 days lower than the quantum of LTA/MTOA granted, RLDC may issue a notice to such LTA or MTOA customer asking the reasons for such under-utilization.

− Any un-utilized transfer capability will be released for scheduling of MTOA & STOA. In the event where original LTA or MTOA customer seeks to utilize its capacity, MTOA/STOA transaction will be curtailed.

− If capacity tied up under LTA is released under MTOA, the concerned generator shall not be liable to pay the LTA charges.

� MTOA start date: − MTOA shall not be earlier than 5 months and not later than 2 years

from the last day of the month in which application has been made. Earlier it was 5 months and 1 year.

More information: www.cercind.gov.in

CERC issues draft Cross Border Trade of Electricity Regulations, 2017

On 16.02.2017, CERC issued draft Cross Border Trade of Electricity Regulations, 2017. A brief of proposed regulations is as below:

� Applicant (for connectivity purpose) implies: − A hydro station or RE station of 50 MW & above (individual or collective). − Any other generating station of 250 MW & above including CPP of

250 MW & above. − A consumer with minimum load of 100 MW through ISTS network.

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Any generating station including CPP, a consumer, ISTS trading licensee, distribution may seek CTA, MTOA & STOA under these regulations.

� NLDC shall act as the System Operator for Indian side of the grid.

� Scope: − All the participating entities in India and neighboring countries.

− Any action or Cross Border Trade under the Agreements in force, prior to 5th December, 2016 by MoP shall be deemed to have been done or taken under the provisions of these regulations and the guidelines issued by GoI till the expiry of such Agreements.

� Tariff Determination: − The tariff determined through G2G negotiations to be adopted by the Appropriate Commission.

− Tariff for import by Indian entities (directly or through trading licensees) to be determined under LT/MT/ST agreement, through competitive bidding or discovered.

− Tariff for export by Indian entities through LT/MT/ST agreements may be as mutually agreed or discovered through competitive bidding.

� Laws and Regulations: − All entities of the neighboring countries shall abide by the policies, laws, rules and regulations prevailing in their

respective countries to be clearly enumerated in the Agreements.

− In case of any ambiguity or conflict between the laws, rules and regulations of the neighboring countries and that of India, the Indian laws, rules and regulations will take precedence.

� Institutional Framework: − Designated Authority (DA): to facilitate approval and laying down the procedure.

− Transmission Planning Agency (TPA): for Transmission System planning.

− Settlement Nodal Agency (SNA): for settling all charges pertaining to grid operations related to transactions with a particular neighboring country a MoP to notify SNAs for each neighboring country.

− NLDC: for granting and facilitating STOA.

− CTU: for granting and facilitating LTA & MTOA.

� Eligibility criteria for Applicants: − One time approval from DA.

y Import of electricity: ownership of 51% or more by Indian entity (ies) in generation project: 100% equity participation by an Indian entity or the Government of a neighboring country or companies owned and controlled by the Government of the neighboring country or Joint Venture Company of Indian entity, Government of neighboring country or company owned or controlled by the Govt. of neighboring country.

y Export of electricity by DISCOM/PSU: if surplus capacity is available and certified by the concerned DISCOM or PSU.

y Any other participating entity to be eligible after obtaining approval of the DA on case to case basis.

− Any coal based thermal power projects in India other than those owned and operated by PSUs shall be eligible for export of electricity to any of the neighboring countries only if surplus capacity is certified by the DA.

− MoP may also identify the sources from which power can be exported to any of the neighboring countries.

� Trade Through Indian Power Exchanges: − A participating entity, with approval from DA, to be eligible through Indian Power Exchange(s) under the

categories of Term Ahead Contracts, Intra Day Contracts and Contingency Contracts.

− DA to prescribe quantum of electricity that can be traded through Indian Power Exchange(s).

� Transmission Planning: − The transmission interconnection between India and a neighboring country shall be planned jointly by

transmission planning agencies of the two countries with the approval of their respective Governments.

− Indian generating stations supplying electricity exclusively to neighboring countries with the approval of the GoI.

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� General provisions for Connectivity, LTA/MTOA & STOA: − STOA Applications to be made to NLDC in accordance with CERC. − STOA Regulations 2008 & its amendments will be applicable for CBET STOA transaction. − PoC charges shall be governed as per provisions of CERC (Sharing of ISTS Charges & Losses) Regulations, 2010. − Injection/Withdrawal PoC losses as applicable shall be applied at the interface. − Net schedule at Indian end to be arrived at after applying injection/Withdrawal PoC loss.

More information: www.cercind.gov.in

CERC proposes revision in forbearance price and floor price for RECs

The CERC, vide order dated 28.02.2017 has proposed the following forbearance price and floor price for REC to be applicable 01.04.2017:

More information: www.cercind.gov.in

APERC and kSERC dismiss Intra-state Power Exchange Petition

The State Electricity Regulatory Commission of Andhra Pradesh & Kerala has dismissed petitions filed by REI Power regarding setting up of intra-state power exchange in Andhra Pradesh & Kerala.

More information: www.aperc.gov.in

RERC issues amendment to Open Access Regulations, 2017

RERC proposed first amendment to its open access regulations. A brief of the draft amendment is as follows:

� Over drawl with respect to the schedule approved by the SLDC: The open access customer to pay charges for the excess capacity drawn from discom computed for the entire month

equal to the same percentage of the fixed charges by which percentage the excess demand has actually been availed. The excess capacity utilized up to 5% of capacity allocation occurring to the extent of two time blocks during a month is exempted.

� Compliance and Grid Discipline: − The consumer to be levied fixed charge based on the maximum demand recorded in the ABT meter as per tariff

applicable from time to time. Provided that if the open access is allowed over and above the contract demand, the fixed charges shall be levied based on the total demand recorded in the ABT meter.

− OA consumer shall schedule power from open access for complete 24 hours of the day. − OA consumer to intimate on a daily basis the block wise maximum power to be scheduled from inter-State STOA

to the SLDC, RDPPC and Discom before 10:00AM of the day preceding the day of drawal. − The schedule so given to be uniform and the minimum schedule during the day shall at any time to not be less

than 75% of the maximum schedule of the day.

� Redressal Mechanism: To ensure speedy resolution of disputes, the dispute resolution system to be changed from three tier to two tier, i.e.,

SLDC at the first instance and thereafter the RERC.

More information: www.rerc.rajasthan.gov.in

`/RECNon Solar REC (`/REC) Solar REC (`/REC)

Present Proposed Reduction Present Proposed Reduction

Forbearance Price 3,300 2,900 400 5,800 2,500 3,300

Floor Price 1,500 1,000 500 3,500 1,000 2,500

04 | www.iexindia.com

WBERC issues draft Balancing and Settlement Code Regulations

On 23.02.2017, WBERC issued draft Balancing and Settlement Code Regulations, 2017. The key highlights of the draft regulations are as here under:

� Absolute Error:

Absolute Error shall mean the absolute value of error in the actual generation of wind or solar generators which are state-entities with reference to scheduled generation and the Available Capacity (AvC), as calculated using the following formula for each 15 minute time block:

Error (%) = 100 X [Actual Generation – Scheduled Generation]/(AvC).

Available Capacity (AvC) is the cumulative capacity rating of the wind turbines or solar inverters that are capable of generating power in a given time-block.

� The Balancing and Settlement Code provides the details regarding:

Intra-state ABT, Accounting, DSM, Reactive Energy Accounting and Settlement mechanism.

� Charges for Deviations:

− The charges for the deviations for all the time-blocks shall be payable for over drawal by the buyer and under-injection by the seller and receivable for under-drawal by the buyer and over injection by the seller.

− The charges shall be worked out on the average frequency of a time-block at the rates specified by CERC from time to time for inter-state transmission of electricity.

− The wind and solar generators which are state-entities shall be paid as per schedule. In the event the actual generation being less or more than the schedule generation the deviation charges shall be paid by such generators to the State DSM Pool based on the weekly deviation statement prepared by the SLDC.

− SLDC shall compute the deviation charges for which generators similar to the relevant provisions of CERC.

� Deviation Settlement for open access customers:

− For 66 kV and above customers:

Any deviation from the schedule is to be charged as per DSM. For drawal of power beyond the drawal of volume limits, SLDC may revise its schedule. In case the open access source fails to supply power then customer has to limit its drawal from the grid with the limit of its backup or standby power agreement.

− For 33kV and below customer:

Any deviation from schedule to be paid to the discom at a rate equivalent to the energy charge for short-term supply corresponding to TOD rate. No amount to be payable to consumer in case of under-drawal or over-injection.

− The OA customer shall provide two schedules for open access mode and consumer mode separately but simultaneously. Any deviation shall be considered as consumption in consumer mode, the consumer will have to pay the required charges as per provisions of Tariff Regulations.

− The drawal schedule for OA customer shall be for which injection schedule minus normative T&D losses. For open access source outside the state, the actual injection declared by RLDC concerned shall be taken by SLDC as schedule/actual injection.

� Application of fund collected through Deviations:

Any surplus amount above ` 10 crore in the State DSM Pool Account as on last day of the month, shall be transferred to a separate fund namely "State Power Systems Development Fund" in the first week of the next month and shall be utilized, for the purpose specified by the Commission.

More information: www.wberc.net

www.iexindia.com | 05

MARkET INSIGHTS

IEX to Commence ESCert Trading

The National Mission on Enhanced Energy Efficiency (NMEEE) under the Prime Minister’s National Action Plan on Climate Change (NAPCC) -2008 proposes a forward looking and innovative market based Perform, Achieve and Trade Mechanism (PAT) for improving industrial energy efficiency. Under the PAT scheme, identified industry players, the Designated Consumers (DCs) will have to achieve better energy efficiency target in a cost effective manner by reducing their specific energy consumption in a specified time period. The scheme provides incentive to efficient industries and at the same time enforces penalty on industries not conforming to the set norms and thus the trading opportunity will arise.

The first PAT Cycle started from 1st April 2012 for a three year time period. A total of 478 industrial units and facilities have been identified as DCs across the identified sectors such as Aluminium, Cement, Chlor-Alkali, Fertilizer, Pulp & Paper, Thermal Power, Iron & Steel and Textiles. These DCs offer an energy saving potential of 6,686,000 ton of oil equivalent/year at the end of first phase of PAT cycle.

CERC ESCerts Regulations:

CERC has issued ESCert Regulations on 27th May 2016. Subsequently, Bureau of Energy Efficiency (BEE) has issued draft procedure for transaction of ESCerts on 07.12.2016. CERC vide its order dated 14th February 2017 approved the procedures for transaction of ESCerts. IEX has sought CERC approval on amendments in its Business Rules of ESCert trading.

Energy Saving Certificates (ESCert):

ESCerts is an instrument issued by MoP/BEE for every single ton of oil equivalent of energy saving achieved by the DC over and above the target savings. Each certificate will be a unique tradable commodity which is to be traded on the power exchanges A dedicated consumer will be eligible for issuance of ESCerts, if it achieves and surpasses the target. The ESCerts issued can be traded in the exchange. If a designated consumer fails to achieve its targets, it must purchase the appropriate number of ESCerts to meet its energy saving targets. Monitoring and Verification of energy saving is done by Accredited Energy Auditors.

� Achievement > Target Sell ESCerts on the Power Exchange.

� Achievement < Target Purchase E-ESCerts on the Power.

Major stakeholders involved under the PAT scheme:

MoP/ Central

GovtCERC

Bureau of Energy

Efficiency

Designated Consumer

State Designated

Agency

Accredited Energy Auditor

Power Exchanges POSOCO

Administrator Regulator Nodal Agency

Implementer State Administrator

Verifier Trading Platform

Registry

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Salient Features of ESCerts Trading:

Process Flow for Registration of DCs:

Compliance Mandatory

Target Entities Designated Consumers

Buyers Industries not achieving target

Sellers Industries achieving beyond target

Target 6.6 million toe for 1st Cycle

Mechanism Cap and Trade

Phase Cycle 3 yrs

ESCerts 1 ESCert = 1 MTOE

Trading Platform Indian Energy Exchange

Trading Frequency Every Tuesday on weekly basis or as proposed by CERC or BEE

Compliance Period 3 yrs for DCs

Penalty As per Energy Conservation Act, 2001

Banking Allowed for one consecutive cycle

� The preliminary scrutiny will be undertaken by the Registry on the basis of the details provided by the applicant and administrator and inform the applicant regarding the completeness of the application within 7 working days.

� The applicant furnish the details requested by the Registry within 7 working days.

� Registry to register the DC as “Eligible Entity” within 15 working days.

� MoP to issue ESCerts in electronic form with a unique ESCert number.

� ESCerts to remain valid till end of compliance period of their next PAT cycle.

Procedure for ESCerts Trading at Exchanges:

� The bidding window for ESCerts would open from 13:00 Hrs to 15:00 Hrs.

� The exchange to intimate the Registry by 15:30 Hrs regarding the details of the maximum offer for dealing by each eligible entity.

� The Registry to cross-check the combined maximum bid volume in the Power Exchanges and confirm the availability of ESCerts in the respective eligible entity’s account by 16:00 Hrs.

� The Exchange discovers the MCP and MCV by 17:00 Hrs and send a confirmation report with the final cleared transaction details to the Registry by 17:15 Hrs.

� Registry to send the Transaction Approval Acknowledgement to the Exchange by 17:30 Hrs.

Designated Consumer Application for Registration

Certificate for Registration

Power Exchange and Administrator

List of Eligible Entities for each PAT Cycle

Preliminary Scrutiny (within 7 days of receipt of application

and if application is complete in all respect, then proceedings of

registration within 15 day)

Registry/NLDC

PATNet

1 3

4

2

www.iexindia.com | 07

MARkET NEWS

Power Market Update: February’17

The Spot Market witnessed a total trade of 2,927 MUs in February, 2017 with a daily average trade of 105 MUs. In January’17 the market saw daily average trade of 104 MUs.

The average buy bids were at 126 MUs almost at par with 125 MUs in the last month while the average daily sell bids at 208MUs saw minor decline in comparison to last month.

The average Market Clearing Price (MCP) was ` 2.54 per unit almost at par with the price of ` 2.50 per unit in January’17. The average Area Clearing Price (ACP) the price, varied from ` 2.24 per unit to ` 4.07 per unit in different price areas.

As regards the congestion on Inter-State transmission network, daily average loss was of 1 MUs as compared to 2 MUs in the last month. With easing of congestion on Inter-State transmission network, 37 MUs were lost in February’17, 50% lower than 68 MUs lost in January’17. The Northern import was congested 57% of the time during the month while the Southern import was congested about 56% of the time.

Till date, this year 2016-17 the IEX-Day Ahead Market volume was 36,420 MUs, at an average MCP of ` 2.45 per unit vis-à-vis price of ` 2.61 per unit same period last year.

The average Area Clearing Prices (ACP) across regions in January are as below:

� North: ̀ 2.99 per unit

� North-East, East and West: ̀ 2.39 per unit

� South: ̀ 2.80 per unit

The graphical depiction of average ACP in February is as below:

Participation

1,175 participants traded in the spot market on an average daily basis. The highest participation was on 23 February, 2017 when 1,260 participants traded on the Exchange.

Volumes

The key highlights of the month are as below:

� Total Sell bids: 5,835 MUs

� Total buy bids: 3,526 MUs

� Total Cleared Volume: 2,927 MUs

� Northern and Southern States: Net Buyers

� Western, Eastern & North-Eastern States: Net Sellers

The table below gives average daily buy-sell at regional level for February’17 vis-à-vis January’17:

E�S W�S W�NS1�S2 E�N N3 ImportW3 Export

% of time congestion

55.7% 55.7%

0.0%

56.8% 57%

0% 0%0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

Rest of India - ` 2.39/unit South (Avg) - ` 2.80/unitNorth (N1/N2) - ` 2.99/unit Punjab - ` 2.99/unit

Pric

e (`

/kW

h)

ACP in February

0.000.501.001.502.002.503.003.504.004.50

RoI North (N1/N2) Punjab South (S1)

01-0

2-20

17

02-0

2-20

17

03-0

2-20

17

04-0

2-20

17

05-0

2-20

17

06-0

2-20

17

07-0

2-20

17

08-0

2-20

17

09-0

2-20

17

10-0

2-20

17

11-0

2-20

17

12-0

2-20

17

13-0

2-20

17

14-0

2-20

17

15-0

2-20

17

16-0

2-20

17

17-0

2-20

17

18-0

2-20

17

19-0

2-20

17

20-0

2-20

17

21-0

2-20

17

22-0

2-20

17

23-0

2-20

17

24-0

2-20

17

25-0

2-20

17

26-0

6-20

17

27-0

2-20

17

28-0

2-20

17

REGIONAVERAGE DAILY BUY (MW) AVERAGE DAILY SELL (MW)

NETFeb'17 Jan'17 Change (%) Feb'17 Jan'17 Change (%)

North East 129.21 117.74 10% 189.07 188.44 0.3% SELLEast 270.11 419.60 -36% 683.92 487.07 40% SELLNorth 1087.90 1606.10 -32% 892.85 720.23 24% BUYWest 1812.83 1548.01 17% 2070.53 2729.19 -24% SELLSouth 1055.45 1115.01 -5% 519.13 682.52 -24% BUY

08 | www.iexindia.com

Total number of registered participants 3,443

Obligated Entity 2,543

DISCOMs 33

Open Access Consumers 2,389

Captive Consumer 121

Voluntary 19

Eligible Entity (Private Generators) 881

Highest participation in a session (January’17)

1,399

REC MARkET UPDATE: FEBRUARY’17

Solar Buyer Mix

Captive User

Distribution Licensee

Open Access Consumer

Captive User

Distribution Licensee

Open Access Consumer

Non-Solar Buyer Mix

5,64,137 (69%)24,258 (53%)

21,045 (46%)

310 (1%)

1,30,402 (16%)

1,20,818 (15%)

A total of 8.61 RECs were traded in the REC trading session held on 22nd February, 2017 at IEX.

The key details of this trading session are as below:

� Non-solar segment: Total buy bids – 8,15,357 and Total sell bids – 93,41,462.

All buy bids were cleared at floor price of ` 1,500 per REC.

� Solar segment: Total buy bids – 45,613 and Total sell bids – 36,09,894.

All buy bids were cleared at floor price of ` 3,500 per REC.

This quarter IEX has already traded 21.49 REC, 20% more than the trade done in first three quarters of this fiscal. A few DISCOMS participated in this session for the first time.

Further, this fiscal the RPO compliance by DISCOMS has been far better than compliance in the previous years. Improvement in RPO compliance by DISCOM has been key reason for trade of 39 Lacs RECs this fiscal (year to date) compared to 31.39 Lac RECs traded in fiscal ’16, an increase of about 24%.

Participants

1,534 participants traded in this session with 950 participants in non-solar segment and 584 participants

in the solar segment. Overall, a total of 3,446 participants are registered in the REC segment at IEX. Of this 882 are Eligible Entities (RE Generators) 2,545 are Obligated Entities (DISCOMs, Open Access Consumers & Captive Generators) and 19 are registered as Voluntary Entities.

An overview of participation in the REC Market at IEX as on 28th February, 2017:

www.iexindia.com | 09

TRADE INFO: FEBRUARY’17

MONTHlY PRICE SNAPSHOT

AREA PRICES SNAPSHOT (`/kWh)

Minimum MCP Maximum MCP Average MCP

` 2.54/kWh` 2.68/kWh` 2.39/kWh

MONTHlY VOlUME SNAPSHOT 1 MU = 1 Million kWh = 1 GWh

Average Daily

Volume

105 MUs

Unconstrained Volume

2,964

4,410

Cleared Volume

2,927

4,355

PurchaseBids

3,526

5,246

Sell Bids

5,835

8,683

Cumulative Cleared

Volume (MU)

36,420 For FY'17

VOLUME

Average Daily (MW)

TotalVolume (MUs)

Area Average Minimum Maximum

East, North East, West 2.39 0.30 3.54

North 2.99 1.20 15.06

South 2.80 1.55 4.95

Participation Snapshot (as on 28th February, 2017)

Total Registered Participants

Open Access Consumers

Private Generators

Highest Participation

4,222 3,792 387 1,410 22nd June'13

10 | www.iexindia.com

DAY AHEAD MARkET SNAPSHOT

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50Average Hourly Market Clearing Volume and Price for the month

Volu

me

(MW

h)

Hours

Hourly MCV (MWh) Hourly MCP (`/kWh)

Pric

e (`

/kW

h)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 240.00

1000.00

2000.00

3000.00

4000.00

5000.00

6000.00

Pric

e `/

kWh

Volu

me

MW

h

0

20,000

40,000

60,000

80,000

100,000

120,000

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50IEX Price and Volume Trend in February 2017

01-0

2-20

17

02-0

2-20

17

03-0

2-20

17

04-0

2-20

17

05-0

2-20

17

06-0

2-20

17

07-0

2-20

17

08-0

2-20

17

09-0

2-20

17

10-0

2-20

17

11-0

2-20

17

12-0

2-20

17

13-0

2-20

17

14-0

2-20

17

15-0

2-20

17

16-0

2-20

17

17-0

2-20

17

18-0

2-20

17

19-0

2-20

17

20-0

2-20

17

21-0

2-20

17

22-0

2-20

17

23-0

2-20

17

24-0

2-20

17

25-0

2-20

17

26-0

2-20

17

27-0

2-20

17

28-0

2-20

17

Cleared Volume (MWh) MCP N1 S1 W3

Price for the Month

Pric

e (`

/kW

h)

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

2.25 2.

37

2.25 2.

37 2.56

2.85

2.56

2.85

2.59

2.89

2.81 2.

89

2.81 2.

89

2.25 2.

37

2.25 2.

37

2.40 2.

51

East North Punjab South (AP & KN) S2 (TN) S3 (KR) West Chhattisgarh MCP

February, 2016 February, 2017

North-East

www.iexindia.com | 11

TERM AHEAD MARkET SNAPSHOT

Total Volume (MWh)

Max Price (`/kWh)

Min Price (`/kWh)Contracts

7,306 3.60 2.58Day-Ahead Contingency

– – –Weekly

6,454 3.30 2.65Intraday

– – –Daily

RP: Registered Projects

RECPurchase

Bids Sell Bids Cleared (REC) Price (`/REC) Participants

93,41,462 1,5008,15,357 949Non-Solar 8,15,357

45,613 3,500Solar 45,613 36,09,894 580

State-wise RE capacity (MW)

Tamil Nadu

Karnataka

Chhattisgarh

Maharashtra

Rajasthan

Punjab

Uttar Pradesh

Andhra Pradesh

Himachal Pradesh

Gujarat

Madhya Pradesh

Others

Source-wise RE capacity (MW)

Wind

Bio-fuel cogeneration

Biomass

Small Hydro

Solar

Others

2305

529

583

228

7181

RP: 4,364 MW

Registered Projects

1220

1005

347

349

137

485

158

248

493895 233

RP: 4,364 MW

Registered Projects

Trade Session on 22nd February, 2017

REC MARkET SNAPSHOT

Disclaimer

The information featured in this bulletin has been compiled from sources deemed reliable and to the best of our knowledge. Whilst every effort has been made to ensure the accuracy of the information, IEX will not be held responsible for any errors or omissions neither will it be liable for damages nor losses suffered, personal or otherwise, due to the information contained in this bulletin. M

ARC

H 2

017

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