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com | July '11 | vol 42, issue 001 |

INDIAN ENERGY EXCHANGE

Maithon TPP -1 (525 MW). The project is a joint venture of DVC and Tata Power. CERC to review tariff norms for biomass plants With a number of biomass plants getting closed in Punjab, Rajasthan and Chhattisgarh, CERC on MNRE's request has decided to review the tariff guidelines for biomass power plants. India has the potential to generate 17,000 MW from agriculture biomass, but so far only 2,300 MW has been harnessed. These plants use agriculture and forest residues as fuel. PSERC issues orders on cross subsidy charges Punjab State Electricity Regulatory Commission's (PSERC) has notified regulations on open access. As per the regulations, consumers are required to pay a cross subsidy surcharge from July 1, 2011. PSERC has also levied wheeling charges on open access consumers at 17.4 paise per unit for 33/66 kV and 34.8 paise per unit for 11 kV. The move is aimed to prevent financial loss to Punjab State Power Corporation Limited due to migration of industrial consumers. Consumer Category Large supply Domestic supply Non-residential supply Bulk supply Railway traction Cross subsidy charges (paise/unit) 74.48 79.40 120.41 62.41 142.42 J&K Govt. approves Hydro Policy 2011 The Jammu and Kashmir government has approved the Jammu and Kashmir State Hydro Projects Development Policy-2011. The policy envisages setting up hydro projects from 2-100 MW, with higher preference to projects up to 10 MW. Further, no independent power producer will be awarded more than three projects or projects aggregating over 200 MW, whichever is higher. The policy is expected to attract investments in the state which has huge hydro potential owing to the perennial rivers flowing through it. BHEL solar panels in GSAT-8 BHEL has assembled and supplied space grade solar panels to ISRO. These panels have been successfully deployed on ISRO's heaviest GSAT-8 satellite which will cater to telecommunication. The total capacity of these four panels is 4.5 kW. Krishnapatnam UMPP gets CDM registration The Krishnapatnam UMPP has been registered with Clean Development Mechanism Executive Board (CDM-EB) of United Nations Framework Convention on Climate Change (UNFCCC). 12.3 million Carbon credits will be generated from the project during the ten-year period during which the value of carbon credits from the project is estimated at Rs.1,100 crore.

Plants commissioned in June'11 Priyadarshini Jurala Hydroelectric Project-6 (39 MW) of APGENCO. The plant is located at Revulapalli village, Mahaboobnagar district in Andhra Pradesh. Kothagudem-11 (500 MW) of APGENCO. The plant is located at Khammam district, Andhra Pradesh. Karcham Wangtoo Hydroelectric project -2 (250 MW). The plant is located in Kinnaur district of Himachal Pradesh. NTPC Sipat-1 (660MW) Santaldih TPP -6 (250 MW) of WBPDCL. The plant is located In Purulia District.

India's first renewable energy based smart minigrid system commissioned First of its kind Renewable Energy Based Smart Mini-Grid System has been commissioned at TERI Retreat in Gurgaon. A Smart Mini-Grid (SMG), or Micro-Grid, is an intelligent electricity distribution network, operating at or below 11 KV, where the energy demand is effectively and intelligently managed by diverse range of Distributed Energy Resources (DERs) such as solar PV, micro-hydro power plants, wind turbines, biomass, small conventional generators such as diesel gensets etc in combination with each other through smart control techniques. The Smart Mini-Grid system has a huge potential in large commercial and industrial complexes, hospitals, shopping malls/ complexes, apartments,

For private circulation only

IEX Bulletin, July '11

residential complexes, educational institutions, remote unelectrified as well as electrified locations to ensure maximum flexibility, reliability and safety. MNRE invites suggestions for grid-connected solar plants under JNNSM MNRE has invited suggestions on guidelines for selection of grid-connected solar power projects under the Jawaharlal Nehru National Solar Mission (JNNSM) during 2011-12. The ministry has called for suggestions regarding the maximum capacity of a photovoltaic (PV) power plant, the maximum capacity for a company to set up PV plants and modification of any specific clause of the previously issued JNNSM guidelines (dated July 25, 2010). The solar power companies have sought extension of the July 8, 2011 deadline for achieving financial closure under JNNSM as most of the companies developing solar thermal projects have failed to tie-up finances. OGPCL commissions biomass plant in Tamil Nadu Orient Green Power Company Limited (OGPCL) has synchronized 10-MW biomass power plant at Pollachi in Tamil Nadu. The plant is the first of its kind in India and uses coconut fronds for generating power. It is OGPCL's fourth plant in Tamil Nadu where the company is currently operating 155-MW wind-based and 32.5-MW biomassbased capacity.

Reforms organized by CNFC Media and ZEE Business at Hotel Taj, New Delhi on 21st June'11. Mr. Jayant Deo, MD & CEO was invited as an eminent speaker in the panel discussion. IEX participated in conference on Renewable Energy Certificates mechanism IEX participated in conference on Renewable Energy Certificates organized by CBIP (Central Board of Power and Irrigation at New Delhi on 24th June. Mr. Bikram Singh Guram, AVP (BD) delivered a lecture on Renewable Energy Certificates. IEX participated in PaperTech 2011 IEX participated in PaperTech 2011 jointly organized by CII & Indian Paper Manufacturers, Association (IPMA) on 24th June at Hyderabad. Mr. Rajesh Kumar Mediratta, Senior Vice President, Business Development delivered a presentation on REC Trading & Opportunities for Pulp & Paper mills through Best energy Practices.

for the Month of June, 2011

June 11 Total Purchase Bids received (MUs) Total Sell Bids received (MUs) Total Unconstrained Market Cleared Volume (MUs) 1,468 2,003 1,174 1,147 5.00 1.60 60.10 3,538.4 38.25

Conergy completes 5MW solar power project in UK Germany-based developer and manufacturer of solar modules and mounting systems Conergy has completed a 5MW solar photovoltaic power plant in Hawton near Newark on Trent in Nottinghamshire, UK. The free-field solar park covers a total area of 14.6 hectares. The solar modules are expected to generate 4,860MWh of clean electricity annually. Siemens to supply equipment for 50MW solar power plant in Spain Siemens Energy has received an order from UTE Termosolar Olivenza to supply equipment for a 50MW concentrated solar power plant in Extremadura, Spain. The plant is planned to begin operation by the end of 2012.

Total Constrained Market Cleared Volume (MUs) Maximum Price (Rs/kWh) Minimum Price (Rs/kWh) Maximum Unconstrained Volume in a day (MUs) Cumulative Market Clearing Volume (MUs)
(April11 onwards)

Daily Constrained Average Volume (MUs)

IEX indices for the months of June, 2011

Time Block
IEX participated in Carbon Market Conclave IEX participated in Carbon Market Conclave, organized by Renewable markets India on 13th June at Mumbai. Mr. Rajesh Kumar Mediratta, Senior Vice President, Business Development delivered a presentation on Renewable Energy Certificates. IEX co-sponsors conference on Distribution Sector Reforms IEX participated in conference on Distribution Sector

MCP (R/kWh)

Volume (in MWh)

RTC ( 00:24 hrs) Peak hr Avg(18- 23 hrs) Non-Peak Hr Avg(1-17& 24) Day Off Peak(11- 17 hrs) Night off peak( 01-06,24 hrs) Morning Peak( 7 - 11 hrs)
** All figures are simple average for the month.

1579 1488 1609 1566 1698 1525

2.89 3.34 2.74 3.22 2.47 2.42

IEX Bulletin, July '11

IEX Price & Volume Detail June' 2011

Volume (MUs) Price ( /kWh) ACP-North East 2.54 2.30 2.23 2.18 2.17 2.48 2.52 3.17 3.08 3.04 2.89 2.61 2.97 3.06 3.20 2.74 2.44 2.39 2.05 2.30 2.46 2.82 3.54 3.88 3.92 3.25 3.10 2.76 2.44 2.21 ACPSouth 1 2.54 2.32 2.23 2.18 2.17 2.48 2.52 3.17 3.08 3.04 2.89 2.61 2.97 3.06 3.20 2.74 2.44 2.39 2.05 2.30 2.46 2.82 3.54 3.92 4.23 4.43 4.17 3.99 3.41 3.57 ACPSouth 2 2.54 2.32 2.23 2.18 2.17 2.48 2.52 3.17 3.08 3.04 2.89 2.61 2.97 3.06 3.20 2.74 2.44 2.39 2.05 2.30 2.46 2.82 3.54 3.92 4.23 4.43 4.17 4.04 3.59 3.85

Delivery Date 1-Jun-11 2-Jun-11 3-Jun-11 4-Jun-11 5-Jun-11 6-Jun-11 7-Jun-11 8-Jun-11 9-Jun-11 10-Jun-11 11-Jun-11 12-Jun-11 13-Jun-11 14-Jun-11 15-Jun-11 16-Jun-11 17-Jun-11 18-Jun-11 19-Jun-11 20-Jun-11 21-Jun-11 22-Jun-11 23-Jun-11 24-Jun-11 25-Jun-11 26-Jun-11 27-Jun-11 28-Jun-11 29-Jun-11 30-Jun-11

Unconstrained

Constrained

MCP

ACP-North

ACP East

ACP-West

36.14 36.59 39.35 40.57 37.36 41.80 44.30 32.93 37.44 30.77 33.09 34.12 37.75 42.12 41.89 33.70 36.11 34.81 33.36 40.31 37.07 36.90 34.61 43.47 48.08 60.10 48.98 40.19 40.28 40.40

36.14 36.54 39.35 40.57 37.36 41.80 44.01 32.93 37.44 30.77 33.09 34.12 37.75 42.12 41.89 33.70 36.11 34.81 33.36 40.31 37.07 36.90 34.61 42.06 43.16 50.10 45.65 37.91 38.39 37.44

2.54 2.30 2.23 2.18 2.17 2.48 2.54 3.17 3.09 3.04 2.89 2.61 2.97 3.07 3.20 2.74 2.44 2.39 2.05 2.30 2.46 2.82 3.54 3.90 4.16 3.56 3.41 2.85 2.50 2.33

2.54 2.30 2.23 2.18 2.17 2.48 2.57 3.17 3.09 3.04 2.89 2.61 2.97 3.07 3.20 2.74 2.44 2.39 2.05 2.30 2.46 2.82 3.54 3.88 3.92 3.25 3.10 2.76 2.44 2.21

2.54 2.30 2.23 2.18 2.17 2.48 2.52 3.17 3.08 3.04 2.89 2.61 2.97 3.06 3.20 2.74 2.44 2.39 2.05 2.30 2.46 2.82 3.54 3.88 3.92 3.25 3.10 2.76 2.44 2.21

2.54 2.30 2.23 2.18 2.17 2.48 2.52 3.17 3.08 3.04 2.89 2.61 2.97 3.06 3.20 2.74 2.44 2.39 2.05 2.30 2.46 2.82 3.54 3.79 3.69 3.08 2.95 2.74 2.44 2.21

IEX Bulletin, July '11

IEX TRADING TIME-LINE

Day Ahead Market (DAM) Term Ahead Market (TAM) Closed Auction Every day 1000 hrs 1200 hrs for each hour of next day.
Weekly(Open Auction): o Every Wednesday 1200 hrs-1600 hrs for next week (Monday-Sunday). o Every Thursday 1200 hrs 1600 hrs for next 2 weeks (Monday-Sunday). Daily (Continuous Trade): o Every day 1200 hrs-1500 hrs on daily basis for next 7 days, starting 4th day. Day Ahead Contingency (DAC) (Continuous Trade): o Everyday 1500 hrs 1700 hrs for all hours of next day. Intraday (Continuous Trade): o Every day 1200 hrs 1700 hrs for each hour 1800 hrs 2400 hrs of the same day.

Renewable Energy Certificate (REC) Market

Closed Auction Last Wednesday of every month from1300 hrs 1500 hrs.

North

West

South (S1)

South (S2)

4.00

3.00

Price (Rs/kWh)

2.00

1.00

0.00
RTC (0-24hr) Peak (18-23 hr) Non Peak (1-17 &24 hr) Day (11-17 hr) Night (1-6 & 24 hr) Morning (7-11hr)

IEX Bulletin, July '11

IEX Day-ahead Market daily Price & Volume Trend for June 2011
MCV Avg Price MIN Price MAX Price

6.00

100.00 90.00

5.00

80.00

Price in Rs/kWh

4.00

60.00
3.00

50.00 40.00

2.00

30.00 20.00 10.00

1.00

0.00
1-June-11 8-June-11 15-June-11 22-June-11 29-June-11

0.00

Days/Week

IEX Market Snapshot for the Month of June 2011

DayAhead Market
Total Volume( MUs) 1,147 North Average Daily Volume (MWh) South (S1) 38,248 South (S2) Contracts

Term-Ahead market
Weekly Intraday Day-ahead Contingency Daily

Average * Prices in ( /kWh)

East, West NorthEast,

Total Volume( MWh) Avg Price (Rs/kWh) Max price (RS/kWh) Min price (Rs/kWh)

680 3.18 4.30 2.80

RTC (0-24 hr) Peak (18-23 hr) Non Peak (1-17 & 24 hr) Day (11-17 hr) Night (1-6 & 24 hr) Morning (7-11 hr)

2.76 3.09 2.65 3.09 2.45 2.28

2.76 3.09 2.65 3.09 2.45 2.28

2.74 3.09 2.62 3.09 2.37 2.28

2.96 3.25 2.87 3.42 2.50 2.64

2.98 3.32 2.87 3.42 2.50 2.64

Renewable Energy Certificate Market

Purchase Bids (REC) Sell Bids (REC) Cleared (REC) Price (Rs./REC)

Non-Solar 72002 21331 15902 1502 Solar 1 REC=1MWh Next REC session will be held on 27th July 2011

* Simple Average of Area Clearing Prices for specified block of hours.

Volume (Mus)

70.00

IEX Bulletin, July '11

IEX Average Hourly MCV & MCP for June 2011

2,400 2,220 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 2 1 0 7 6 5 4 3 10 9 8

Now you can Trade

Renewable Energy Certificates

For detail email : iex-bd@iexindia.com

Dear IEX team, The bulletin is informative & designed attractively. I normally read it in one go. The only request is to add a table of meanings / long forms of abbreviations / short forms used repeatedly. Rajendra Shah Shah Sr. Manager Engineering CPP Piramal Glass Limited Thank you for mailing IEX Bulletins as per my request. The publication is a very informative and knowledge updating on power crisis, my Best wishes. Thank & regards, D.Rajan Coimbatore A very informative bulletin on incidents in power market and trading activities, giving also some updates of various happenings in power industry. I would convey my sincere thanks to IEX for introducing such bulletin, which is very useful for all of us, particularly, who are involved in T&D sector . I am sure IEX will continue to publish the bulletin and provide us with regular updates of electricity market. I would also suggest if some more information on international power market be provided to make the bulletin more interesting. With regards Gautam Ghosh Dear Readers, Thank you for the response, you are requested to drop in with your valuable feedback to help us in our effort to make this bulletin as informative as possible and to meet your expectations. Just mail the editor at mithun.dubey@iexindia.com or send it to IEX corporate office.

This bulletin has been compiled by Indian Energy Exchange Limited for circulation among direct stakeholders in the energy market of India. Though the contents of this bulletin are correct to the best of our knowledge at the time of printing, IEX does not vouch for their accuracy.

Indian Energy Exchange Limited

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07/11