2.61 lacs RECs traded in REC market at IEX on 27 April

A total of 2.61 lacs RECs were traded in the REC market trading session held at IEX on 27 April, 2016.

With April being the first month of FY 2016-17 annual compliance period, the market made a good start since same time last year only about 45,000 RECs were traded, IEX said in a statement.


Several Obligated Entities who purchased RECs in this trading session are essentially fulfilling their RPO compliance for FY 15-16.
The key details of this trading session:

Non-solar segment: Total buy bids were 2,38,485 and total sell bids were 89,80,430. 
All buy bids were cleared at floor price of Rs 1,500 per REC. 

Solar segment: Total buy bids were 22,958 and total sell bids were 23,48,055. 
All buy bids were cleared at floor price of Rs 3,500 per REC. 

Participants: 

A total of 1,420 participants traded at IEX with 904 participants in non-solar segment and 516 participants in the solar segment.

On an overall basis, a total of 3,151 participants are registered in the REC segment at IEX. Of this, 829 are Eligible Entities (RE Generators) 2,309 are Obligated Entities (DISCOMs, Open Access Consumers & Captive Generators) and 13 are registered as Voluntary Entities, IEX said in the statement.

NTPC recorded highest ever annual power generation of 241.98 billion units

State-run NTPC on Friday said it has recorded highest ever annual power generation of 241.98 billion units (excluding its joint ventures) last fiscal.

Besides, the company has exceeded its capacity addition target by adding 2,255 MW last fiscal, taking NTPC groups total installed capacity to 46,653 MW, as on March 31, 2016, the company said.

NTPC's solar stations generated 160.8 million units, its highest ever, at a CUF (capacity utilisation factor) of 16.64%, it said. During the period, the company's four coal power stations were amongst the top 5 in the country in terms of PLF (plant load factor). PLF is the proportion of installed capacity utilisation of the power plant.

The company also met its capex (capital expenditure) target of 25,000 crore during the year and achieved 100 per cent realisation of the dues. The coal mining activities will soon commence at its Pakri Barwadih Mine. It has reduced its coal import consumption by 42.19% during the year to 9.47 million tonnes from 16.38% last year, it said.

As a result of its efforts like rationalisation of coal linkages, reduction in imported coal consumption, enforcement of third-party sampling of coal and other measures in the second half of 2015-16 fiscal, it reduced energy charges of coal stations by nearly 20%. NTPC shall endeavor to bring down the energy charges further to help the discoms, it said.

With capacity addition of 9,550 MW during the current Five Year Plan (2012-17), NTPC is all geared up to achieve the target of 11,920 MW for the 12th Five Year Plan ending on March 31, 2017, it added. During 2015-16, it has commissioned Koldam unit 3 and 4 of 200 MW each in Himachal Pradesh, Bongaigaon unit-1 of 250 MW in Assam, Vindhyachal unit-13 of 500 MW in Madhya Pradesh, Nabinagar Unit 1 of 250 MW in Bihar, Kanti Unit-3 of 195 MW in Bihar, Mouda Unit-3 of 660 MW in Maharashtra.

Under the CSR activities, the company will continue to provide safe drinking water and focus on training and skill development of people in the vicinity of its projects and stations, it said.

Experts Comments:

With this achievement, in future this will surely help to reduce demand-supply gap in India.