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Chandigarh administration will adopt the Resco model for solar plants – EQ Mag Pro

Chandigarh administration will adopt the Resco model for solar plants – EQ Mag Pro


Chandigarh: The Chandigarh administration will implement the Resco (Renewable Power Service Firm) mannequin for photo voltaic vegetation’ set up within the metropolis.

The UT electrical energy division has agreed to the proposal of the Chandigarh Renewable Power Science and Expertise Promotion Society (Crest) for set up of grid-connected rooftop solar energy initiatives for home customers by a 3rd get together below Resco construct, function, switch (BOT) enterprise mannequin.

This was talked about within the newest order of the Joint Electrical energy Regulatory Fee (JERC), the place Crest had filed an software for implementation of the Resco mannequin. The order acknowledged, “The respondent (UT electrical energy division) has submitted that the stated enterprise mannequin (Resco) has been examined and agreed by them. The respondent has additional submitted that he has additionally agreed to all phrases and situations in quadripartite settlement (QPA) besides a provision regarding banking of energy within the settlement. The petitioner (Crest) and the respondent have submitted that after resolving the difficulty of banking of energy, they are going to submit initialized QPA to the fee for its consideration inside per week (sic).”

A senior UT officer stated the electrical energy division and Crest have agreed upon on the QPA.

Not too long ago, the facility regulatory fee had turned down the UT administration’s plea to implement the Resco mannequin. Thereafter, Crest had moved JERC. Crest, mission’s nodal company, had proposed this mannequin after approval of the UT administrator as residents have been cautious of the preliminary capital funding.

Underneath the Resco mannequin, personal firms will set up photo voltaic power vegetation on personal properties and in return cost the constructing proprietor a a lot decrease tariff than the conventional electrical energy fee for about 15 years (or no matter interval is agreed within the tender). Thereafter, the home proprietor will get the plant.

The constructing proprietor and the personal firm will signal a deal. The plant shall be put in below the web metering mode, whereby a photo voltaic unit is linked to the constructing’s electrical energy system and the power exported to the grid is adjusted by way of models imported from the electrical energy division throughout a billing cycle.

Source: PTI
Anand Gupta Editor - EQ Int'l Media Network