CERC extends validity of RECs to 730 days; expresses inability to boost REC demand

Climate Connect News, 15 February 2013, New Delhi: Placating the unnerved project developers who were stuck in the impasse of losing revenue due to lapsing of unsold RECs from their projects registered under the REC scheme, the Central Electricity Regulatory Commission (CERC), via its latest order, has agreed to extend the validity of RECs to 730 days from the day of issuance. The relief would be offered to generators whose RECs had lapsed since November, 2012 or were likely to lapse in near future.....

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