M&B Switchgear has become India’s first solar developer to get itself registered by National Load Despatch Centre (NLDC) for solar Renewable Energy Certificates (REC).
Company plans to raise its solar capacity to 6 MW and is expected to put the entire capacity under the REC mechanism.
RECs are market-tradeable generation-based certificates. The minimum and maximum prices for each solar REC have been fixed at Rs 9,300 and Rs 13,400 respectively, up to 2017.
Vishal Pandya, Director, REConnect, commented that “Securing clearance for REC is a two-step process” – First step is accreditation, which is given by the state nodal agency and second step is is to get registered by the NLDC.
REConnect, is a Indore based consultancy firm which helps companies get and trade RECs.
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