MIRA
INFORM REPORT
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Report Date : |
28.11.2011 |
IDENTIFICATION DETAILS
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Name : |
WORLD INSTITUTE OF SUSTAINABLE ENERGY |
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Registered
Office : |
Plot No. 44, Hindustan Estates, Road No. 2, Kalyani Nagar,
Pune-411006, Maharashtra |
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Country : |
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Date of
Incorporation : |
June 2004 |
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Legal Form : |
Not For Profit Institute |
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Line of Business
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To Promote Sustainable Energy, Energy Conservation, and Sustainable
development. |
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No. of
Employees: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an Institute established for development of sustainable
energy in India. The management denied to disclose any information about the subject
company. Trade relations are reported as fair. Payments are unknown. Subject can be considered for business dealings with some caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION DECLINED BY
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Name : |
Mr. Milind Deshpande |
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Designation : |
Deputy Director and Head Administration of Account Department |
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Contact No.: |
91-20-26613832 |
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Date : |
28.11.2011 |
LOCATIONS
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Registered Office : |
Plot No. 44, Hindustan Estates, Road No. 2, Kalyani Nagar,
Pune-411006, Maharashtra, India |
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Tel. No.: |
91-20-26613832/ 26613855 |
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Fax No.: |
91-20-26611438 |
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E-Mail : |
wiseinfo@wisein.org (General
Information) greenenergy@wisein.org (Green
Energy, Bimonthly Magazine) library@wisein.org (Library
and Documentation Centre) alumni@wisein.org (WISE Alumni) |
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Website : |
MANAGEMENT
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Name : |
Mr. G M Pillai, IAS |
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Designation : |
Director General |
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Email: |
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Name : |
Mr. Sanjeev Ghotge |
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Designation : |
Senior Fellow and Head Centre
for Climate and Sustainability Policy |
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Email: |
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Name : |
Praveena Sanjay |
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Designation : |
Deputy Director and Head (Communication and Coordination) and Editor,
Green Energy |
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E mail : |
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Name : |
Mr. Rajendra Kharul |
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Designation : |
Senior Fellow and Head Centre from Wind Power |
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Email: |
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Name : |
Dr. Sudhir Kumar |
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Designation : |
Senior Fellow and Head Centre for Solar Energy |
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Email: |
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Name : |
Mr. Surendra Pimpra Khedkar |
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Designation : |
Fellow and Head Centre for Renewable Regulation and Policy |
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E mail : |
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Name : |
Mr. Sandeep Sable |
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Designation : |
Senior Manager nad Head (CTC) Centre For Renewable Regulation and
Policy |
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E mail : |
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Name : |
Mr. Yateendra Joshi |
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Designation : |
Senior Fellow, WISE Press |
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E mail : |
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Name : |
Mr. Suhas Tendulkar |
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Designation : |
Assistant General Manager, Business Development and Events |
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E mail : |
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Name : |
Mr. Milind Deshpande |
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Designation : |
Deputy Director and Head Administration of Account Department |
BUSINESS DETAILS
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Line of Business : |
To Promote Sustainable Energy, Energy Conservation, and Sustainable
development. |
GENERAL INFORMATION
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Not Available |
CAPITAL STRUCTURE
Not Available
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Available
LOCAL AGENCY FURTHER INFORMATION
Profile:
Subject
is a not-for-profit institute set up in June 2004 to promote sustainable
energy, energy conservation, and sustainable development. In particular, the
institution is committed towards addressing the shortcomings existing in the
sustainable energy sector In India, viz. lack of policy support and Incentives,
lack of legislative and research support, lack of qualified manpower, and lack
of critical awareness that would lead to the transition to a sustainable energy-based
economy. Since its inception, Subject has pioneered several initiatives for
accelerating the development sustainable energy in the Country. Some of these
include:
·
Drafting of a model Renewable Energy Law for India and its
advocacy. This effort gained wide national and international support, and in
2008, the Govt, of India decided to enact a Renewable Energy Law for India.
·
Undertaking major public policy initiatives for introduction of
Generation-based Incentives (GBI) for wind power, development of an innovative
Solar Energy Policy for India, introduction of Renewable Energy Certificates,
preparation of long-term RE vision documents for various state governments,
research into re powering of old wind farms in India, etc.
·
Providing consultancy support to some major state electricity
regulatory commissions, and various renewable energy industries and investors,
and assisting the Ministry of New and Renewable Energy, Govt of India, in
certain key areas of renewable energy development in India.
·
Undertaking nation-wide field level research projects on
'Comparative Public Cost of Conventional Electricity Generation in India',
quantifying externalities of commercial power generation etc.
·
Conducting the first-ever study of 'Human Resource Needs of the
Renewable Energy Sector upto 2015', and Initiating various cutting-edge HR
programmes for the renewable energy sector.
·
Sensitising and training the media, financial institutions, and
the academla across the country, to generate awareness among them about
renewable energy, thus facilitating a conducive environment for its market
expansion.
·
Organising the international conference-cum-exhibition on wind
power development in India titled Wind
Power India; India's premier conference-cum-exhibition on solar energy. Solar India; Climate Change India; and
RE Regulation India, all of
which were extremely successful.
The
different centres and units of subject function independently yet work
cohesively I n the true tradition of inter-disciplinary learning, team spirit,
and knowledge sharing, Subject is the only institution in the country to
possess such expertise most essential to propel the country towards
sustainability in the 21st century.
PROFILE OF FOUNDER DIRECTOR GENERAL
G
M Pillai is the Founder Director General, World Institute of Sustainable Energy
(WISE), Pune, India—an institution committed to the cause of promoting
sustainable energy, energy conservation and sustainable development. Mr Pillai
began his career in the Indian Administrative Service in 1976, rising to the
rank of Deputy Secretary to Government of India, and has vast experience of
development at national and international levels (Senior Advisor with UNDP for
more than 4 years). He has eleven years of specialization in renewable energy.
Prior
to joining subject, he was the Director General of the Maharashtra Energy
Development Agency (MEDA), Pune, for a period of almost five years. During this
period, he pioneered many path-breaking activities in the area of green power
development like Renewable Portfolio Standard (RPS), introduction of ‘Green
Cess’ on conventional power to create a Rs 1000 million fund for development of
renewables in Maharashtra, etc. His outstanding work of establishing 400 MW
wind power projects in Maharashtra resulted in MEDA receiving the National
Award in this field for 4 consecutive years, from 1999-2000 to 2002-2003. As
D.G. of WISE, he was instrumental in drafting a Model Renewable Energy Law for
India and successfully articulating its advocacy and final adoption by the
Government of India. Under Mr Pillai’s leadership, subject has emerged as a
unique and pioneering institution in the area of sustainable energy. Mr Pillai
is the recipient of the Business Leadership Award from the Solar Energy Society
of India. He is a Member in two important Advisory bodies of the Government of
India viz. Wind Power Advisory Group and the Technical Committee on R.E. Law in
the Ministry of New and Renewable Energy.
A
well known author and speaker in the area of sustainable energy and sustainable
development, he has published many books and articles (in international
journals also) on the subjects, both in English and Malayalam. He is an invited
speaker to major renewable energy conferences in India and abroad. Besides
being the Chief Editor of the acclaimed journal ‘Green Energy’, he has
conceived and edited four books in English viz. ‘Challenges of Agriculture in
the 21st Century’, ‘The New Energy Economy’, ‘Wind Power Development
in India’ and ‘A Solar Future for India’. He is currently working on a
monograph tentatively titled “Biofuels: Myths and Facts”. In the regional
language Malayalam—writing under the pen name G.Madhusoodanan—he has published
three pioneering books in the field of Ecological Literary Criticism. For his
writings in Malayalam, he received five prestigious Literary Awards, including
the Literary Akademi Award in 2003.
NEED AND GENESIS
Development of renewable and sustainable energy is critical for ensuring
sustainability of development and an energy secure future. Fossil fuel-based
energy economy is predicted to be phased out in the next few decades. By 2050,
50% of all energy used by mankind will come from renewable sources of energy.
But efforts in India towards developing this vital futuristic sector are
inadequate. Some of the major problems faced by the renewable energy sector are
lack of qualified manpower, scientific articulation of policy and legislative
options, lack of awareness due to poor communication, etc. The need to create
an institution that would play a holistic and critical role in shaping an
energy secure and sustainable future gave rise to the establishment of the
Subject.
The activities of Subject will provide a major impetus to the development of
the renewable energy sector in India who would benefit from the trained pool of
manpower, policy studies, research, consultancies, publications, etc.,
developed by Subject.
The institute has been registered as a not-for-profit Society and Trust under
the Societies Registration Act, 1860, and the Bombay Public Trusts Act, 1950,
and began functioning in Pune in June 2004. Subject is a financially autonomous
institution and comprises some major and eminent stakeholders from the
renewable energy sector as its founder members.
OBJECTIVE
·
To
be a premier outreach centre for communications, information and knowledge
transfer in the fields of sustainable energy, energy conservation, and
sustainable development.
·
To
function as an apex policy think tank, policy advocacy centre and consultancy
provider in the field of sustainable development, especially in relation to
sustainable energy and energy conservation.
·
To
conduct short-term and long-term academic and other training programmes in
furtherance of the futuristic human resource needs of the emerging sustainable
energy, energy conservation, and sustainable development sectors.
·
To
take up technical and other research in selected and specialised areas of vital
importance for augmenting and accelerating sustainable development in a
holistic manner, for a transition to a cleaner and greener world.
·
To
establish, maintain, and operate pilot projects, libraries, laboratories and
prototype training centres, and hold seminars and training programmes in
concordance and furtherance to these objectives
MAJOR INITIATIVE
·
Drafting
of a Model Renewable Energy Law for India and its advocacy for adoption by
Parliament. This effort gained national and international support, and in 2008,
the Government of India decided to enact a Renewable Energy Law for India.
·
Undertaking
major public policy initiatives for introduction of Generation-based Incentives
(GBI) for wind power, development of an innovative Solar Energy Policy for
India, introduction of Renewable Energy Certificates, preparation of long-term
RE Vision documents for various state governments, research into repowering of
old wind farms in India, etc.
·
Providing
consultancy support to some major state electricity regulatory commissions, and
various renewable energy industries and investors, and assisting the Ministry
of New and Renewable Energy, Govt of India, in certain key areas of renewable
energy development in India.
·
Undertaking
nation-wide field level research projects on ‘Comparative Public Cost of
Conventional Electricity Generation in India’, quantifying externalities of
commercial power generation, etc.
·
Conducting
the first-ever study of ‘Human Resource Needs of the Renewable Energy Sector
upto 2015’, and initiating various cutting-edge HR programmes for the renewable
energy sector.
·
Sensitising
and training the media, financial institutions, and the academia across the
country, to generate awareness among them about renewable energy, thus
facilitating a conducive environment for its market expansion.
·
Organising
the international conference-cum-exhibition on ‘wind power development in
India’ titled Wind Power India, India's premier conference-cum-exhibition on
solar energy, Solar India, and Climate Change India, and RE Regulation India,
all of which were extremely successful.
The
different centres and units of WISE function independently, yet work cohesively
in the true tradition of inter-disciplinary learning, team spirit, and
knowledge sharing. Subject is the only institution in the country to possess
such expertise most essential to propel the country towards sustainability in
the 21st century.
CORE RESOURCES:
Infrastructure:
Moving in tandem with the era where state-of-the-art technology reigns
supreme, Subject is fully equipped to cater to the demands of this
sophisticated and ever changing hi-tech work environment. This includes :
·
A LAN based computer network system, along with the
latest in computer hardware systems and software packages.
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An ultra modern and well furnished Conference Room,
replete with plush seating arrangements for around 35 people at any given time
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A 1000 sq. ft. well-equipped and state-of-the-art,
air conditioned training hall, with the perfect ambience and facilities to
train around 50 people at one time.
Professional Competencies
Subject possesses some of the most talented, highly qualified, and
technically proficient people as part of its workforce, each an expert in
his/her respective field of specialisation. Together, they strive towards
fulfilling one goal… developing Subject into a premier and apex world class
institution of sustainable energy and eventually, sustainable development
CENTRE FOR WIND POWER
CORE ACTIVITIES
·
Short-term
and long-term training programmes in wind resource analysis, wind power
management, etc., for wind industry professionals, academicians, students, and
policymakers,
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Consultancy
services to project developers, industries, research institutes, investors,
state nodal agencies, power utilities, regulatory commissions, etc., for;
·
Due diligence—independent
evaluation for wind resource, project financing, technical and policy issues.
·
Evaluation
of tech no-cconomic offers f or investors.
- Preparation of
pre-feasiuiliry and feasibility reports, and detailed project reports for wind
power projects,
- Wind resource
assessment, micrositing, and wind farm design.
- Performance
analysis of wind turbines and wind farms.
·
Financial
advisory for setting upwind power projects.
·
Knowledge
management for wind power projects.
- Policy support to
State electricity regulatory commissions, state nodal agencies, etc., for
promotion of wind power technology.
- Research and
development studies, surveys, as well as analytical inputs for wind power
development.
- Knowledge exchange
with the academia and industry.
PROJECTS
During the financial
year 2009-10, the Centre for Wind
Power completed the following assignments for state governments,
public sector undertakings, and private clients:
·
A strategic
roadmap far developing the market for small wind turbines and wind-solar hybrid
systems in India for the Ministry of New and Renewable Energy (MNRE), Govt, of
India.
·
Feasibility
cum detailed project report for 5 MW-6 MW wind power project for Etna rat Earth
Movers Limited, Bengaiuru,
·
A market
survey report tilled 'Wind Turbine Blade Market in India 2009-13' for one of
the leading wind turbine blade manufacturers in India,
·
Third
party vetting and validation of a 33 MW wind power project for Super Wind Power
Project Private Limited, Chennai; and third party vetting and validation of a
52.2 MW wind power project for Sim ran Wind Power Project Private Limited,
Chennai.
·
Market
survey of India's wind power sector for leading wind power companies.
OTHER ACTIVITIES
Stakeholder Interaction on Karnataka
Renewable Energy Policy
The Government of
Karnataka released a renewable energy policy for the State in January 2010. At the
request of the state government, Subject organized a high level stakeholder
interaction to discuss and deliberate on the RE policy on 13 March 2010 at
Bengaluru. Senior level officials from central and state governments,
representatives from the Karnataka Renewable Energy Development Agency Limited,
private industries, and RE associations participated in the interaction.
Various provisions made in the policy which could directly affect the
investment in the state's RE sector were discussed at length. Based on
Subject's stakeholder interaction, several critical amendments were made in the
Karnataka RT policy.
Brainstorming
Session on Small Wind and Hybrid Systems
Subject organized a
Brainstorming Session on 'Small Wind Turbines and Wind-Solar Hybrid Systems' in
Pune on 23 May 2009. This first-of-its-kind meet on small wind and hybrid
systems was held under the aegis of MNRE, and was aimed at market expansion of
small wind and hybrid systems. Senior MNRE officials and representatives from
state nodal agencies, various stakeholders and manufacturers from the small
wind industry, entrepreneurs, etc., participated in the meet and deliberated on
the current MNRE scheme for small wind and hybrid systems. Based on the vast
and diverse experience of the participants, suitable and implementable measures
were suggested for incorporation in the MIM RE scheme.
Participation in
World Summit on Small Wind
Turbines
Rajendra Kharul,
Senior Fellow and Head, Centre for Wind Power, WISE, participated in the
'1st World Summit on Small Wind Turbines' held during the 'New Energy Husum
Trade Fair' on 18-19 March 2010 in Husum, Germany. More than SO participants
from SO countries and over 50 small wind turbine exhibitors took part in the
summit.
FUTURE ACTIVITIES
·
Identifying
suitable site; for preparing feasibility studies for erection and commissioning
of grid-connected wind-solar hybrid systems, which will act as demonstration
projects of MNRE,
·
Promoting
capacity building to undertake consultancy assignments to support the stake
holders' activities re la ted to sustainable development through wind projects.
·
Undertaking
preparatory work for the mega international conference and exhibition, 'Wind
Power India 2011', which would be jointly organized by subject, Global Wind
Energy Council (GWEC), and the Indian Wind Turbine Manufacturers' Association
[IWTMA) on 7-9 April 2011 in Chennai, More than 1000 delegates, 100 exhibitors
and 60+ speakers from the national and international wind power industry are
expected to attend this conference.
·
Carrying
out resources assessment/ studies.
CENTRE FOR CLIMATE AND
SUSTAINABILITY POLICY
CORE ACTIVITIES
The core activities
of the Centre for Climate and
Sustainability Policy (CCSP) include climate policy research, strategic
consultancy, and fostering larger awareness and debate through
conferences/seminars and publications, for the year 2009—J Q, CC5P carried out
the following activities.
PROJECTS
The year 2009-10 saw
the project on 'Development of Clean Energy Technology Action Plans for Climate
Mitigation for Three States' shift into high gear. This prestigious project was
funded by the UK foreign and Commonwealth Office (Climate Change Unit) and
supported by the Ministry of New and Renewable Energy, (MNRE), Govt, of India.
The three states far which the Action Plans were produced were Karnataka,
Maharashtra and Rajasthan.
Each Action Plan was
based on data and policy analysis specific to the stale. The RE potential for
each state, covering the resource potential for wind power, solar power and
off-grid solar, small hydro power (SHP) and bioenergy resources were part of
the Action Plan. The analysis also covered biofuels as well as sensitive
sectors such as agriculture, water resources, environment, transportation and
cities. Emissions mitigation in the conventional energy sector as well as
through conservation and substitution strategies were presented in the Action
Plans, which also brought together the departmental actions and strategies that
needed to be taken up tor implementation in
the short-, medium-, and long-term. Consequent to the preparation of the
Draft Action Plans, a series of workshops were held in each state capital
—Bengaluru, Mumbai. and Jaipur —with participation from various departments,
agencies and utilities of the state governments. Participation was also open to
various central agencies, private utilities, and NGOs.
The first round of
three workshops were held for detailed presentation and briefing on the
contents/recommendations of the Draft Action Plans, stressing the need for each
department/agency to critically examine the recommendations and provide
feedback in the light of their own perspective and emerging policies.
The next round of
three workshops were held to garner the feedback for the Draft Action Plans.
Based on the detailed feedback received, the Draft Action Plans were suitably
modified and finalized, prior to formal submission to the state governments,
The next round of
three workshops were Policy Workshops, emphasizing the emergent need for
coordinated policy changes at the sectoral and inter-sectoral levels, if the
combined challenges posed by climate change, future energy security, and environmental sustain ability were to be
suitably addressed.
The final round of
three workshops were Capacity Building Workshops, concentrating on the
techno-economics and potential for renewable to simultaneously address the
above challenges through institution building.
In addition, six
Media Briefings were also held, three coinciding with the release of the Draft
Action Plans, and three with the formal presentation of the Final Action Plans,
Print and visual media representatives were present in large numbers in all the
three states.
Each Action Plan was
formally submitted to The highest levels of the concerned state governments for
due consideration, The 450-page Action plan documents were each accompanied by
a Summary for Policymakers, outlining the scope of the recommended strategies and
actions to be undertaken. It is probably the first lime in India that such
comprehensive Action Plans have been drawn up in the area of climate mitigation
and clean energy technologies.
Copies of the three
Action Plans were also submitted to the Ministry of New and Renewable Energy
and the Ministry of Environment and Forests, Govt, of India,
OTHER ACTIVITIES
·
A high
power delegation from various US national energy laboratories including those
from the National Renewable Energy Laboratory, Lawrence Berkeley Laboratory,
Sandia National Laboratory, Oak Ridge National Laboratory, and the National
Energy Technical Laboratory of the US Dept. of Energy, visited subject for
exploring op port unities in R and D for renewables and collaborating with
subject for this purpose. They were accompanied by officials of the United
states Agency for International Development (USAID}, New Delhi,
·
Senior
Fellow and Head, CCSP, Sanjeev Ghotge, presented the third report of the
'Renewable Energy Vision 2020 for the Union Territory of Puducherry' to the
Govt, Of Puducherry, The presentation was attended by the Chief Secretary and
concerned senior secretaries and officials of the Govt, of Puducherry,
including the project Director of the Renewable Energy Agency of Puducheery.
·
Faculty
from CCSP have been resource persons for the policy and regulatory training
programmes supported by U5AID and held in various cities in India
·
Senior
Fellow, CCSP, attended a workshop of the UK-India Sustainable Energy
Technologies Network hosted by the University Of Nottingham, Academic
participants from India included faculty from the Indian Institute of Science
(NSc), Bengaluru; IITs at Mumbai and Guwahati; National Environmental
Engineering Research Institute, Nagpur; and the Madras School of Economics. UK
participants were from the Universities of Nottingham, Loughborough,
Birmingham, and the Midlands Energy Consortium.
FUTURE ACTIVITIES
·
Undertaking
collaboration with global institutions/NGOs for conducting research studies on
climate policy and mitigation.
·
Undertaking
in-depth and analytical studies for the Govt, of India on R[ technologies and
climate change.
·
Networking
with national and international associations and academic institutions for
joint research and exchange of information on climate and sustainability.
·
Preparing
and finalising study reports for major corporate clients.
CENTRE FOR RENEWABLE REGULATION
AND POLICY
CORE
ACTIVITIES
The Centre for Renewable Regulation and Policy {CRRP)
undertakes projects in the area of RE policy and regulation across the county,
CRRP has been empanelled as a consultant by the state electricity regulatory
commissions {SEKCs) of Maharashtra, Orissa, and Gujarat. The Centre intends to
get registered with all SERCs in India to provide institutional support to them
in a holistic and systematic manner for facilitating the transition to a sustainable energy economy. CRRP
has developed expertise in the flowing key areas:
·
RE potential assessment
·
RE tariff determination
·
Preparation of tariff petition and participation in the regulatory
process
·
Renewable purchase obligation mechanism
·
Renewable energy certificate mechanism
·
RE policy formulation
·
Policy and regulatory risk assessment
·
ARR scrutiny and tariff determination for distribution licensees
·
Conducting training programmes/conferences in the area of policy
and regulation.
During
2009-111, the Centre carried out the following major activities.
CONFERENCE
RE Regulation India 2010
The promulgation
of the Electricity Act, (EA), 2DD3, enabled Indian electricity regulators to
play a crucial role in bringing about a paradigm shift in the electricity
sector through proactive actions to promote renewables.. Recognising the need
to take an independent, knowIedge-based review of the achievements of the
regulators, and analyse the shortcomings and barriers, Subject organised 'RE
Regulation India 2010', the first-of-its-kind conference on 4-5 February 2010
at Le Meridien, Pune, CRRP played the central role in conceptualising the
conference and also planning myriad activities associated with the conference.
The
inaugural session was attended by top-level officials belonging to the
regulatory and renewable energy sectors in India, They included, Dr. Pramod
Deo, Chairperson, Central Electricity Regulatory Commission; Tulsi Tanti,
Chairman and Managing Director, Suzlon Energy Limited; Ajai Vikram Singh,
former Secretary, Ministries of New and Renewable Energy and Defence, and
Chairperson, WISE; V Subramanian, former Secretary, MNRE, and Secretary
General, Indian Wind Energy Association; B K Das, Chairperson, Orissa
Electricity Regulatory Commission; V P Raja, Chairperson, Maharashtra
Electricity Regulatory Commission; and G M Pillai, Founder Director General,
WISE.
Speakers
at the conference included noted national and international experts from the
regulatory field and senior officers from the government sector. The conference
was attended by about 200 participants and included senior functionaries from
the Ministry of New and Renewable Energy and state regulatory commissions,
renewable industry professionals, senior policy makers, utility managers,
financiers and consultants. The sessions discussed diverse aspects related to
the sector such as RE technology development, RE connectivity and transmission
issues, RE-based micro-generation and regulation, etc. The conference ended
with the speakers deliberating on various issues needed to streamline renewable
energy regulation in India, such as preparing a regulatory roadmap for
achieving the targets envisaged under the Jawaharlal Nehru National Solar
Mission, regulatory support for development of RE-based micro-gene ration
systems, inclusion of small-scale distributed RE and off-grid RE technologies
under the REC mechanism, etc.
CONSULTANCY
Consultancy Support to Orissa
Electricity Regulatory Commission
The
Orissa Electricity Regulatory Commission (QERC) had selected CRRP for
preparation of an RE policy and Approach Paper on 'RE Tariff Determination and
Renewable Purchase Specification {PPS} Fixation' for Orissa, The scope of work
included: potential assessment study for ascertaining the RE potential in the
state; developing normative para meters for determination of tariff for the
various potential RR sources; and recommendation on appropriate tariff fixation
methodology and determination of tariff for wind, solar, SHP, bio mass and
co-generation power projects in the State. The Centre also proposed the
appropriate power mix of conventional and non-conventional sources under the
Renewable Purchase Obligation (RPO) in line with the Electricity Act, 2003; the
National Electricity Policy; and the National Tariff Policy, The final Approach
Paper covering all the above aspects was presented to OERC in March 2010.
Consultancy Support to M/s
Solpaur Bioenergy Systems Private Limited
CRRP
assisted M/s Solapur Bioenergy Systems Private Limited (5BSPL) in drafting the
petition and presenting the case for project-specific tariff determination for
their proposed municipal solid waste IMSW) power project in Sola pur. This work
was assigned to WISE in July 2009. The Centre prepared the tariff petition and
participated in the regulatory process before the Maharashtra Electricity
Regulatory Commission on behalf of SBSPL.
Consultancy Support to
Maharashtra Energy Development Agency
The
Maharashtra Energy Development Agency (MEDA) entrusted subject with studying
the potential assessment and preparation of a road map for deployment of solar
power projects in the state. The assignment was jointly undertaken along with
the Centre for Solar Energy, WISE.
The Centre contributed in recommending the tariff structure for grid-connected
solar power projects and designing the broad policy framework for rapid
development of solar power in Maharashtra. The generic tariff and the normative
operational/financial tariff parameters were recommended after studying the
sile-specific aspects and the MERC/CERC tariff regulations in force. The broad
policy framework suggested for development of solar power projects in the state
is based on the global best practices
and experiences of Indian states where solar power development has been
initiated.
TRAINING
PROGRAMMES
The Centre for Renewable Regulation and Policy actively
participated in the USAID-Ministry of Power sponsored training workshops
conducted during 2009-1D an 'Regulatory and Policy Framework for Market
Development for Renewable Energy in India' conducted under the Distribution
Reforms, Upgrade and Management [DRUM) project. The Centre was involved in
designing the programme content and preparation of course material for the
delegates. Sr. Associate Fellow and Head, CRRP, Surendra Pimparkhedkar,
participated as resource person in the training programmes and delivered
presentations on the existing and new regulatory practices governing RE
business in India.
Other
Activities
Contribution
in preparing
the Clean Energy Technology Action Plans for Climate Mitigation in Indian States
(Maharashtra, Karnataka, and Rajasthan)
A Centre
for Climate and Sustainability Policy project,
CRRP provided inputs for the sections pertaining tothe study of small
hydro power for the three states as part of the assignment.
Participation
in Executive
Exchange Meetings with US Policy Makers and Utilities Engaged in
RE, and Peer Review of USEA Handbook
The
United States Energy Association (USEA) under the Asia-Pacific Partnership on
Clean Development and Climate (APPCC) has been implementing the 'Grid-Connected
Renewable Energy and Distributed Generation Partnership' with the goal of
promoting policy and regulatory changes to accelerate the development of RE and
distributed generation projects in the Indian power system. As part or this
partnership, Sr, Associate Fellow and Head, CRRP, was invited to be part of the
Indian delegation engaged in Executive Exchange meetings with US policy makers
and utilities engaged in RE. As part of the APPCC, the USEA prepared the
'Handbook on Best Practices for the Successful Deployment of Grid-connected
Renewable Energy and Cogeneration in India'. Sr. Associate Fellow and Head,
CRRP, reviewed the draft handbook and his inputs were included in the final
handbook published in April 2009,
FUTURE ACTIVITIES
·
Conducting short-term training programmes/seminars in the
regulatory sector.
·
Offering consultancy support to SERCs in the area of RE tariff
fixation, HPS, scrutiny of ARR, and determination of retail tariff of
distribution licensees, Also providing consultancy support to state
governments/SNAs in RE policy formulation, and to the corporate sector in the
area of RE policy and regulation.
·
Preparing tariff petitions on behalf of RE power project
developers and providing assistance during the regulatory process for tariff
fixation.
·
Carrying out policy and regulatory risk analysis assessment to
facilitate RE market development.
CENTRE FOR SOLAR ENERGY
The Centre for Solar Energy (CSE) strives
to provide comprehensive services towards developing the solar energy sector in
India by bringing in focused expertise in analytical research. The Centre is
recognised as a trusted authority in the solar energy arena, undertaking major
research assignments for the central and state govern merits, and offering
consultancy support to industries.
The Centre for Solar Energy functions with the
followings core objectives:
·
To
document global best practices in solar energy policy and technology
deployment, assess their suitability to the Indian environment and adopt their implementation
in the country.
·
To
develop a long-term Solar energy Policy Roadmap for the country and follow up
it simple mentation.
·
To
develop state-wise profiles for rapid deployment of solar energy wherever
possible.
·
To
facilitate human resource development in the solar energy sector through
curriculum development and training.
·
To carry
out research and objective-oriented studies pertaining to solar power in India.
·
To offer
consultancy services to entrepreneurs, developers, industries, institutions,
government agencies, regulatory commissions, etc., for the growth of the solar
energy sector,
The Centre performs
the following major activities:
·
Prepare
solarvision documents for corporates interested in venturing into the solar
power sector,
·
Prepare
feasibility reports, detailed project reports (DPR) and provide detailed
engineering support for solar power projects.
·
Develop
and implement customised tender documents, evaluate bids, and supervise the
implementation of project
·
Develop
best suited business model for solar power projects.
·
Assess
solar energy resources available in favourable regions across the country and
impact analysis for associated factors.
·
Conduct
capacity building and training for the solar sector (grid and off-grid) for
private and government agencies.
·
Conduct
national and international conferences and exhibitions on solar energy.
PROJECTS
The following
projects were completed in the year 2009-10,
Preparation of Feasibility Study for
Development of 25 MW Solar Thermal Power Plants for National Thermal Power
Corporation (NTPC)
The National Thermal
Power Corporation (NTPC), India's largest power company, entrusted subject with
preparing a techno-economic feasibility report for a 2S MW solar power plant in
Uttar Pradesh. The assignment included investigating the suitability of six
sites; three each at the NTPC premises in Rihand and Singrauli, analysing
various concentrated solar power (CSP)
technology options, and study of regulatory and incentive schemes from the
central and state governments. The report has been finalised and submitted to
NTPC for further action.
Undertaking Pre-feasibility Study for Setting
up 5 MW/10 MW Solar PV-based Power Plants in Rajasthan
The Centre for Solar Energy prepared a pre-feasibility
report for setting up of 5 MW/10 MW solar PV projects for PDCOR Limited, a
company jointly promoted by the Government of Rajasthan, and Infrastructure
Leasing and Financial Services Limited-The report includes details of available
and emerging solar photovoltaic (PV) technologies, assessment of land required
for setting up the power plants, and assessment of relevant policies and
regulations to identify tariff for solar power projects. The report has been
successfully submitted to PDCOR.
Preparation of Detailed Project Report (DPR)
for Suzlon Infrastructure Services Limited for setting up Solar Projects
Suzlon
Infrastructure Services Limited entrusted subject with preparing a bankable DPR
for setting up 10 MW grid-connected solar power projects. This assignment
included assessment of grid-connected solar PV technologies along with their
cost of generation, development of simulation model for profit-loss sheets and
cash flow, and recommendation of appropriate technology for setting up a solar
farm. The final draft has been submitted to Suzlon.
Technology and Resource Assessment and
Development of Framework for Grid-interfaced Solar Power Projects in
Maharashtra
This assignment was
carried out successfully for the Maharashtra Energy Development Agency (MEDA),
and included development of a roadmap for solar energy in the state, along with
the study of resource potential, technologies, and present development, with
the aim of creating equal opportunities for development of solar PV and solar thermal
power generation technologies in t fie region, The study, which was carried out
in association with the Centre for
Renewable Regulation and Policy, also included assessment of solar
potential in the State with respect to wasteland, techno-economic feasibility,
financial analysis, recommendation for tariff fixation and other fiscal and
financial incentives for rapid development of solar power projects in
Maharashtra.
FUTURE ACTIVITIES
·
Supporting
power utilities in implementing their Solar power project development plans.
·
Offering
consultancy support to state nodal agencies in diverse areas like resource
assessment, solar roadmaps, policy formulation etc. for accelerate development
of solar energy in the country.
·
Preparing
solar investment strategies for major investors and manufacturers,
·
Widen
the knowledge on solar thermal power generation to assist all-round development
of this vital power source.
CENTRE FOR HUMAN RESOURCE
DEVELOPMENT
CORE ACTIVITIES
·
Organising
training programmes/conferences/seminars with a view to influence policy
decisions and bring about reforms to facilitate The development of renewable
energy.
·
Conducting
in-house training for WISE personnel so as to enhance capacity building and
create core competencies within the organisation.
In order to enhance
capabilities in the RE sector, the Centre
for Human Resource Development (CHF1D) has been conducting short-term
and long-term training programmes for professionals from the sector. The Centre
has also been engaged in organising major R[ related conferences. Some of the
major programmes organised and/or conducted by the Centre during 2009-10 are as
follows;
TRAINING PROGRAMMES
Regulatory and Policy Framework for Market
Development for Renewable Energy in India
Following the
successful completion of the first phase of training programmes on regulatory
and policy issues aimed at market development for renewable energy in 2008-09,
WISE embarked upon the second phase of the program me. The programmes are
conducted under the aegis of the Distribution Reform, Upgrades and Management
(DRUM) project—a joint undertaking sponsored by the Ministry of Power and the
United 5tates Agency for International Development (USA ID).
In the second phase,
a series of 12 workshops were planned to be held in various cities across
India, Of these, 5 programmes have been held in the cities of New Delhi.
Ahmedabad, Lucknow, Hyderabad, and Udaipur during 2009-10, imparting training
to over 2S0 participants. Forthcoming programmes would be held in Pune,
Guwahati, Chennai, Chandigarh, Dehradun, Bhopal, and Kolkata. The participants
were primarily from the state electricity regulatory commissions, power
distribution and transmission companies, energy development agencies, state
government departments, banking sector, RE equipment and component
manufacturing sector, etc.
The training
programmes were structured in such a way that major technology-specific and
issue-specific aspects of RE were covered. The programmes were conducted by
experts from the RE sector in India as well as by eminent WISE faculty.
Clean Energy Technology Action Plansfor
Climate Mitigation in Three Indian States
The UK Foreign and
Commonwealth Office (Climate Change Unit) entrusted WISE to draw up State level
Action Plans for Kamataka, Rajasthan, and Maharashtra, based on clean energy
technology for climate mitigation. The Action Plans were prepared by the Centre for Climate and Sustainability
Policy, and the draft plans were presented at workshops held in the
capital cities of the three states.
CHRD was actively
involved in conducting the workshops and providing vital behind-the-scenes
support to the CCSP faculty. This included nine regular workshops (initial,
intermediary and final), three capacity building workshops and six media
workshops. Besides identifying potential participants and follow-up
activities., CHRD was also
responsible for providing logistical support to the workshops,
CONFERENCES/SEMINARS
The Centre offered
logistical and organisational support to the following major
conferences/seminars held during the current financial year.
·
'Brainstorming
Session on Small Wind Turbines and Wind-Solar Hybrid Systems' held in Pune on
23 May 2009.
·
‘RE
Regulation India 2010' conference held on 4-5 February 2010 in Pune.
·
'High
Level Stakeholder Interaction on Karnataka RE Policy' held on 13 March 2010in
Bengaluru.
FUTURE ACTIVITIES
·
Conducting
training programmes on all aspects of renewable energy, in particular, small
hydro power development, solar photovoltaics, renewable energy certificates,
and on RE regulation (with emphasis on solar tariffs, policies, etc).
·
Undertaking
preparatory work for providing logistical and organisational support to the
forthcoming major international conference and exhibition
CENTRE FOR COMMUNICATIONS
PUBLICATIONS
Entering into its
fifth year of publication, Green Energy has established itself as a niche
magazine, upholding the tenets of sustainable development- Published bimonthly in
a smartly designed format, the magazine reaches out to a national and
international audience from diverse fields. Each issue features informative and
cutting-edge articles on different aspects of renewable energy, in-depth
analyses, and critical reviews of books on topics related to the sustainable
and renewable energy sector. 1 he magazine also offers ideas for a greener
lifestyle and provides examples of human ingenuity for attaining
sustainability.
During FY 2009-10,
four issues of the magazine were published. With the financial year beginning
on a tumultuous note in the wake of the global recession, the May-June 2009
issue carried reports reflecting the effects of recession on the industry. The
July-Aug and Sept—Oct J009
double issue of Green Energy carried
a special feature on 'Manstreaming Renewables'. The exhaustive essays covering
various aspects of mainstreaming aimed to dispel many myths associated with the
sector, and threw light on the future potential for renewable power generation.
Another aspect critical to the transition to a sustainable economy—the need for
institutional transformation and capacity building—was dealt at length in the
Nov-Dec 2009 issue of Green Energy. The
Jan-Feb 2010 special issue on renewable energy regulation was brought out in
connection with 'RE Regulation India 2010', organised by subject. The issue
focused on the central theme of the conference and comprehensively covered
various facets of RE regulation, with contributions from national and
international experts. The announcement of the Jawaharlal Nehru National Solar
Mission brought widespread cheer to the renewable energy industry and
considerable print space it Green
Energy was devoted to analysing the various facets of this initiative.
Annual Report
The Centre for Communications published
the Annual Report 2008-09, which was appreciated for its crisp text and
attractive design.
PUBLICITY
Networking with the Media
The Centre for Communications has been
playing a pivotal role in providing publicity to the activities of subject, One
of the major assignments undertaken by Subject's Centre for Climate and Sustainability Policy during the year was
the development of 'Clean Energy Technology Action Plans for Climate Mitigation
for the states of Karnataka, Rajasthan and Maharashtra'. The Centre for Communications actively
liaised with the official media coordinator to apprise the print and electronic
media about the project. A total of 6Media Workshops were held in the three
states (three during the initiation workshops and three during the final
workshops). The increased participation of the media was reflected in the news
reports published subsequently.
The Centre for Communications undertook
the entire media publicity for Subject's conference JRE Regulation India 2010',
which included preparing the pre-conference Press Note providing background
information regarding the conference, coordinating with the media
representatives to cover the event and sending out invitations in this regard,
and preparing post-conference Press Release, The Centre's efforts re suited in
a healthy representation, both from the print and electronic media, a d the
event received wide local and national coverage.
Preparation of Publicity Material
One of the main
activities of the Centre for
Communications involves publicising the myriad activities undertaken by
the organisation. Subject has been organising many theme-based conferences Tor
which the Centre has conceptualised, developed and published publicity
material. During 2009-10, the Centre brought out the Conference Brochure for
'RE Regulation India 2010'. lhe two-fold brochure carried comprehensive
information about the conference.
Information Technology
Cutting-edge technologies
form the cornerstone of today's communication age, The information technology
(IT) section of the Centre for
Communications constantly endeavours to advance the process of
information dissemination by incorporating the latest tools available in the
market. During the current year, the IT sub-centre carried out the following
assignments:
·
Development of Knowledge Management System
Software: This software
which was developed in-house is specially designed to store and maintain
digital documents such as PDF reports, research articles, policy documents,
regulatory documents, tariff documents, annual reports, etc. I his software is
a centralised database that ensures easy accessibility to the documents by
allowing the user to search documents category wise, location wise, date wise,
technology wise etc.
·
Website Designing and Development: The IT section conceived and created the
website for 'RE Regulation India 2010', Subject's premier conference on
'Renewable Energy Regulation in India'. The website provided comprehensive
content with detailed information on the speakers, presentations, etc, The IT
section also initiated the development of the website for subject's forthcoming
'Wind Power India 2011' conference.
·
E-copy of Green Energy: The
electronic version of Green Energy
developed by the IT division has been eliciting positive feedback from the
readers, and this was reflected in the tremendous growth of its subscriber
base, which grew to more than 2500 in 2009-10. Starting from the May-June 2009
issue, the online magazine was spruced up to enhance its aesthetic appeal.
LIBRARY AND DOCU M ENTATIO N CENTRE
The Subject library
and documentation centre is a one-stop shop for information on energy,
environment, and sustainable development. The library houses a comprehensive
collection of books, journals, audio-visual resources and news clippings.
The core subject
areas 3nd its suh-categories which are available in the library and
documentation cent re are as follows:
SUSTAINABLE ENERGY
·
Sustainable
Energy (General)
·
Bio-Energy
·
Solar
energy
·
Wind
Energy
·
Hydrogen/Fuel
Cell
·
Other
Renewables
·
Rural
Energy
·
Co-generation
CONVENTIONAL POWER
·
Electrical
Engineering(General)
·
Hydro
Power
·
Thermal
Power/Coal and Gas
·
Nuclear
Energy
·
Oil
·
Transport
·
Energy
Efficiency/Conservation
·
Energy
Storage Energy Finance
·
Policy,
Reforms and Regulation
REFERENCE
·
Yearbook
·
Dictionary
·
Encyclopedia
·
Directory
·
Statistics/Guidebooks
·
Reports
ENVIRONMENT and SUSTAINABLE DEVELOPMENT
·
Environmental
Philosophy
·
Sustainable
Development (General)
·
Environmental
Economics
·
Material
Science and Industrial Ecology
·
Restoration
Ecology
·
Sustainable
Agriculture
·
Water
·
Environmental
Management
·
Biodiversity
·
Green
Building/Green Architecture
·
Emissions,
CDM and Carbon Trading Cities
·
Sustainable
Transport
·
Climate
Change
·
Climate
Change India
·
Futurology
·
H R
D/Education/Training
·
Environmental
Engineering
·
Environmental
History
·
Environmental
Law/ Legislation
OTHERS
·
Economics
·
Management
·
Library
and Information Science
·
Globalization
·
Information
Technology
·
Nanotechnology
·
General
WISE PRESS
Commensurate with
the first objective of subject, namely To be a premier outreach centre for
communications, information and knowledge transfer, in the fields of
sustainable energy, sustainable development and energy conservation', Subject
Press seeks to publish books that arc 'agents of change', books that promote
sustainable energy through increased understanding and practical know-how.
Leading experts with first-hand and continuing involvement with their topics of
expertise are chosen, by invitation, to write for Subject Press.
BOOKS
A Solar Future for India: Work on the volume continued. The scope of the hook was expanded and chapters written earlier were updated as required.
OTHER ACTIVITIES
Copy Editing of Project Reports
Subject Press undertook copy editing of
project reports and other documents including a questionnaire sent to
manufacturers of wind equipment and reports on annual market for wind by 2015,
small wind turbines and hybrid systems, pricing of turbines, and strengthening
of state nodal agencies.as required by the institute's research staff, A
480-page report spelling out an action plan for mitigating the adverse effects
of climate change prepared for the state of Karnataka—under the 'Development of
Clean Energy Technology Action Plans for Climate Mitigation for Three States in
India' project (funded by the UK Foreign and Commonwealth Office and supported
by MMRF)
Training
WISE Press organised
three in-house training sessions for the institute staff on: formatting of
project reports, technical writing, and avoiding common errors in English.
New Software
During the year, an
open-source software package for desktop publishing, namely Scribus, was
explored to assess its suitability for book publishing. Initial tests proved
promising. Scribus offers sophisticated typographic controls and better h and j
(hyphenation and justification), but has a steep learning curve.
ABOUT WISE BOOKS
Electricity Reforms and Green Power
Development: Regulatory and Tariff
Issues
This was the first
book released by WISE Press in January 2005. The book focuses on the need for
an appropriate tariff regime and policy framework for encouraging renewable
energy development in India. It also elaborates on the technological and
regulatory issues in India and abroad, with a focus on the structural reforms
underway in the electricity sector. The case-study approach has been adopted to
analyse sectoral issues relating to major renewable sources of power such as
bagasse cu-generation, wind, biomass, waste-to-energy, small hydro, etc. These
issues are largely universal and therefore have wider relevance, especially in
the changing power scenarios in many developing countries. This book is
therefore very useful to stakeholders tram the energy sector, academicians,
researchers, consultants, and all those interested in the renewable energy
industry.
The New Energy Economy
Transformation of
the global fossil-fuel based energy economy to a dean and green one is under
way. Scientific estimates predict that by 2050, about 4-0%-50% of grid power
used by humans would come from renewable sources. This book surveys this
epochal transformation globally, with a special focus on India. Holistic and
comprehensive, the book presents the diverse facets of the emerging new
economy. It look at major trends under way in wind power, hydra power and
biomass sectors, and also throws light on the new emerging state-of-the-art
technologies such as hydrogen based fuel cells, solar concentrating technology,
decentralised stand alone off-grid systems, etc. The book is a trendsetter and
a pointer to the future of the energy sector in the next few decades. It is a
pioneering efforts, since such books in the Indian context are seldom
available.
Wind Power Development in India
The book is the
first-ever comprehensive attempt to place wind power in the Indian context and to
deliberate on issues and actions needed to sustain this growth in the future.
It details the history of wind power development in India, technical issues,
practical considerations, and financial matters related to this sector, as also
the socioeconomic and environmental impacts. With contributions from leading
experts with first-hand experience and continuing involvement with their
subject, the book is essential background reading for investors, policy-makers,
etc. The book not only explains technicalities, but also empowers the readers
to make informed decisions (both financial and technical] related to wind
energy.
The Solar Enterpreneur’s Handbook
This book written by
seasoned entrepreneurs is a concise, readable and practical guide to the use of
solar energy on a small scale. It provides all the basic information required
to start and run a successful solar business in rural or urban areas. It is
aimed at those who want to start a new solar energy business in a developing
country. It also gives information on how to develop one's technical and
business ski I Is further, Although the handbook is primarily meant for home
systems using solar photovoltaics, it is also applicable to other solar
systems.
Power Drain: Hidden Subsidies to Conventional Power in India
AWISE research
report, it demolishes two myths- that renewable power it subsidised and that it
is expensive. In the 13 conventional projects studied (thermal and hydro), it
was found that the cumulative subsidies amount to 150% of the original
investment, If this enormous drain on public finances that goes hand-in-hand
with public self-deception is to be plugged, public perception must mature.
This book is a step in that direction,
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.17 |
|
|
1 |
Rs.80.64 |
|
Euro |
1 |
Rs.69.43 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.