In a milestone event in India’s Renewable Energy history, the Renewable Energy Certificate (REC) Mechanism was launched in Delhi on Thursday, 18th November 2010. The event was hosted by Power Systems Operations Corporation (POSOCO), a newly-formed subsidiary of Central utility Power Grid Corporation of India Ltd.
Minister of Power, Mr. Sushil Kumar Shinde was the guest of honour whereas Mr. Deepak Gupta (Secretary MNRE), Mr. Uma Shankar (Secretary MOP), Mr. Promod Deo Chairman CERC and Mr. SK Chaturvedi (Chairman, PGCIL) were part of the distinguished panel presiding over the launch of REC Mechanism. A critical update on the progress made within National Solar Mission, another flagship program of the central government, was also provided by Secretary MNRE.
The scheme will be instrumental in meeting target of 10% renewable by 2015 from current 3.9%. Please see attached report for more details.
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