Rays Power Experts files petition against various regulatory commissions

Rays Power Experts Pvt. Ltd., a global solar power plant development EPC and consulting firm in India, has recently filed a petition with Appellate Tribunal for Electricity (APTEL) against various central and state regulatory commissions for the cause of renewable energy certificates’ (REC) on behalf of its investors. Allegedly, these regulatory commissions are not purchasing RECs, thus violating a compulsory mandate. Rays Experts is committed to uplift the looming REC market which poses a great threat to India’s overall renewable energy sector.

Renewable energy sector especially solar power generation industry has great potential in a country like India, where power shortage is rampant and costs are high. Corporate and individuals are also liable to obtain tax benefits by setting up their own power plants of green energy. This in turn helps to curtail the additional electricity overhead costs and also contributes to less frequent power-cuts, considering the severe shortage of grid electricity and spiraling costs. All 27 states have come forward in support of this petition to help counteract weak enforcement of renewable purchase obligations (RPO). 

Mr Rahul Gupta, Director, Rays Power Experts, expressed the concern, “We at Rays Expert’s are committed to our partners and we make sure that investors in the park get proper returns on their RECs. It is the duty of all regulatory commissions to meet and enforce their renewable purchase obligations in order to provide the much needed boost to the green energy sector, which is not only environment friendly but also cost-efficient in the long run. We cannot afford to neglect this non-compliance as it may cost enormously to the industry and will further impact the renewable energy generators, leading to a break-down of the renewable energy certificate market.”

The aforementioned petition filed by Rays Experts strongly supports an earlier petition in this regard, filed by the Indian Wind Association.