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KKV Agro Powers Limited

Oppanakara Street, Coimbatore, Tamil Nadu

| GST  33AAECN0204G1Z6

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Solar Energy

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Wind Energy

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REC

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We have an installation capacity of 7 MW that includes an installation of 6MW Wind Energy and 1 MW Solar energy. The Company adopts a nature-friendly approach to Wind Generation by using the most advanced technology that have been sourced from experienced nations across the world.+ Read More

Nature of Business

Exporter and Service Provider

Legal Status of Firm

Limited Company (Ltd./Pvt.Ltd.)

Annual Turnover

Rs. 5 - 10 Crore

Import Export Code (IEC)

32130*****

GST Number

33AAECN0204G1Z6

Solar Energy
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Solar Energy

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With about 300 clear, sunny days in a year, India’s theoretically calculated solar energy incidence on its land area alone, is about 5,000 trillion kilowatt-hours (kWh) per year. The solar energy available in a year exceeds the possible energy output of all fossil fuel energy reserves in India.As of 31 May 2016, the cumulative installed grid connected solar power capacity is 7.5 GW and a total of 100,000 MW by 2022.Solar projects in pipeline have already surpassed 22 GW with 13 GW under construction and 9 GW proposed.
Our Company has installed capacity of 1 MW in Solar energy as on 31 May 2016.

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Wind Energy
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Wind Energy

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The development of wind power in India began in the 1986 with first windfarms being set up in coastal areas of Maharshtra (Ratnagiri), Gujarat (Okha) and Tamil Nadu (Tuticorin) with 55 kW Vestas wind turbines. These demonstration projects were supported by MNRE. The capacity has significantly increased in the last few years.As of 31 March 2016 the installed capacity of wind power in India was 26,769 MW, mainly spread across South, West and North regions.70% of wind generation is during the five months duration from May to September coinciding with Southwest monsoon duration.
Our Company has Installed capacity of 6 MW in Wind Energy as on 31 May 2016

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REC
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REC

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Central Electricity Regulatory Commission introduced REC mechanism to ease the purchase of renewable energy by the state utilities and obligated entities, including the states which are not well endowed with RE sources. REC framework seeks to create a national level market for renewable generators to recover their cost.

Under the REC mechanism, a generator can generate electricity through the renewable resources in any part of the country. For the electricity part, the generator receives the cost equivalent to that from any conventional source while the environment attribute is sold through the exchanges at the market determined price. The obligated entity from any part of the country can purchase these RECs to meet its RPO compliance.

Salient Features of the REC Framework

  • There will be a central level agency to be designated by the Central Commission for registration of RE generators participating in the scheme.
  • The RE generators will have two options – either to sell the renewable energy at preferential tariff fixed by the concerned Electricity Regulatory Commission or to sell the electricity generation and environmental attributes associated with RE generation separately.
  • On choosing the second option, the environmental attributes can be exchanged in the form of REC. Price of electricity component would be equivalent to weighted average power purchase cost of the distribution company including short-term power purchase but excluding renewable power purchase cost.
  • The Central Agency will issue the REC to RE generators.
  • The value of REC will be equivalent to 1 MWh of electricity injected into the grid from renewable energy sources.
  • The REC will be exchanged only in the Power Exchanges approved by CERC within the band of a floor price and a forbearance (ceiling) price to be determined by CERC from time to time.
  • The distribution companies, Open Access consumer, Captive Power Plants (CPPs) will have option of purchasing the REC to meet their Renewable Purchase Obligations (RPO). Pertinently, RPO is the obligation mandated by the State Electricity Regulatory Commission (SERC) under the Act, to purchase minimum level of renewable energy out of the total consumption in the area of a distribution licensee.
  • There will also be compliance auditors to ensure compliance of the requirement of the REC by the participants of the scheme.
Our Company is Trading REC generating from our plants in IEX and PXIL through TATA Power Trading Company Limited.

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HSN CodeHSN Description

27160000Electrical energy

5007Woven fabrics of silk or of silk waste

7113Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal

7114Articles of goldsmiths? or silversmiths? wares and parts thereof, of precious metal or of metal clad with precious metal

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