4        This sanction  order has been recorded at  the  serial no. 1 in the page no. 39 of  the Register of  Grants.

         Thanking you,

                                                                         Yours faithfully,

( R.N. SAWANT )

     DIRECTOR

To,

1.           Secretary, Department of   Science  &  Technology,  Technology  Bhawan, New  Mehrauli   Road,  New  Delhi – 110 016 .

2.           Chairman,  Technology  Development  Board,  Department of   Science  &  Technology,  Technology  Bhawan, New  Mehrauli   Road,  New  Delhi – 110 016 .

3.          Director General,  Council of   Scientific   and  Industrial  Research,  Anusandhan  Bhawan,  Rafi Ahmed Kidwai Marg, New  Delhi – 110 001.

4.          Secretary, Department of Bio-Technology, CGO Complex, Lodi Road, New Delhi – 110 003.

5.          Secretary, Ministry of Environment and Forests, Paryavaran Bhawan, CGO Complex, Lodi Road, New Delhi – 110 003.

6.          Secretary, Ministry of Information Technology, Electronics Niketan, CGO Complex, Lodi Road, New Delhi – 110 003.

7.          Secretary , Department of Atomic Energy, Mumbai.

8.          Secretary, Department of Space, Bangalore.

9.          Chief  Executives of all State Nodal  Agencies in the country .

10.       Secretary General , Federation of  Indian  Chambers of  Commerce &  Industry,   Federation  House,   Tansen  Marg,  New Delhi – 110 001 .

11.    Secretary General, The Associated Chambers of Commerce & Industry of  India, 11, Community  Centre,   Zamroodpur ,  New  Delhi – 110 048

12   Director General,   Confederation of  Indian  Industry,  23,   Institutional Area, Lodi  Road,  New  Delhi – 110  003.   

13.   President ,Indian Agro Paper Manufacturers’ Association , 709 , Pragati Tower,   26 , Rajendra Place , New Delhi – 110 008.

14.   President, Indian Paper Manufacturers’ Association, PHD House, 4^th Floor, Opposite Asian Games Village, New Delhi – 110 016

15.   President,   Indian   Solar  Photovoltaic  Manufacturers’ Association, C/o    Tata BP  Solar  India  Pvt  Limited,  Plot  No. 78,  Electronics  City, Hosur Road,  Bangalore – 561 229.

16.  President, Indian Wind Turbine Manufacturers’  Association,  ABACUS Business  Centre,  Unit No. 10,  Second Floor,  Raja Annamalai Building, 19,  Marshall Road,  Egmore,  Chennai – 600 008.

17. President,  Solar  Energy Equipment Manufacturers’ Association, 41, S.V.  Cooperative,  Industrial  Estate,  Balanagar,  Hyderabad – 500 037 .

18. Managing Director,  Indian  Renewable  Energy  Development Agency Ltd., Core IV-A, First Floor,   East  Court, India  Habitat Centre Complex,  Lodi  Road, New  Delhi – 100 003.

19. Chairman  &  Managing  Director,  Industrial  Development   Bank of  India, IDBI  Tower,  WTC  Complex,  Cuffe  Parade,  Colaba,  Mumbai – 400 005 .

20. Chairman  &  Managing  Director,   Industrial Credit  &   Investment  Corporation of   India  Ltd.,  C-23, G  Block, Bandra-Kurla  Complex, Bandra (East) ,  Mumbai-400 051.

21. Director, Non-Conventional  Energy  Equipment Manufacturers’ Association of  India,  Number 57, Montieth Road, Chennai – 600 008.

22. Principal   Director of  Audit,  CW &M-II  (Scientific  Departments),   DGCR Building,  IP  Estate,  New Delhi – 110 002.

23. All members of the NETCOF Committee ( as per the list attached as  Annexure VI) .

24.  All Regional Offices of the  Ministry of   Non-Conventional Energy  Sources  (As per the list attached as  Annexure VII )  .

Copy also to :

1.     PS to the Minister of  State ( Independent  Charge) for Non-Conventional Energy Sources

2.     Sr. PPS to the Secretary

3.     Additional Secretary  &  Financial  Adviser, MNES

4.     Senior Adviser

5.     Adviser (SE)/ Adviser (RE) / Adviser (Power) / Adviser (SEC) / Adviser  (U&I ) /  Joint  Secretary  (IR, SHP, P&C, NETCOF / R&D  and IREDA)

6.     All Directors, MNES

7.     Deputy Director (OL), for translation in Hindi

8.     SSO (IR)

9.     Section Officer   (IR) 

10.  Guard File

( R.N. SAWANT )

                                                                                 DIRECTOR                     

 Scheme on Non-Conventional  Energy  Technology  Commercialization  Fund, 2001 – 2002

1        INTRODUCTION

1.1  During the  past decade and a half,  various  reputed   R&D   and academic institutes  in the country have been active in the development of  new  Non-Conventional Energy (NCE) technologies for  commercial  applications .  The  commercialization   of these technologies has, however, not been commensurate  with the efforts put in, primarily because the country’s  NCE industry has not been able to support the commercialization  of  new technologies, given the risks involved in untested areas of  investment.

1.2 The need for creating  a  fund for supporting those activities of the NCE industry and  various R&D  / academic  institutes in the country that aim at commercializing new technologies has, therefore, been felt for a  long time.

1.3 The Ministry of  Non-Conventional Sources has, accordingly, launched , with effect from  the year 2000-2001, a  new  Scheme i.e. Non-Conventional Energy Technology  Commercialization Fund (NETCOF).  The NETCOF has been created  in the Indian  Renewable Energy Development Agency Ltd (IREDA),  New Delhi. The Scheme has been approved for implementation  upto the end of the Ninth Five Year Plan, i.e. upto the 31^st of  March, 2002, with its continuance in the Tenth Five Year Plan being  subject to a  review of  its performance during  the  2-year period of its implementation  in the Ninth  Five Year Plan.

2          OBJECTIVES

2.1     The objectives of the Scheme are as follows:

2.1.1      Supporting the commercialization of indigenously developed NCE technologies.

2.1.2   Supporting the setting-up of pilot plants for the manufacture of NCE   systems/products/devices, with a view to expedite their commercialization.

2.1.3  Supporting   rapid   commercialization of imported NCE technology for widespread   domestic use.

2.1.4   Adaptation/modification to processes/products based on imported  technology to    enable to  adapt to  the domestic as well as the international market.

2.1.5  Development of innovative products/technologies, which are in early stages of their life cycle but which  hold substantial potential for growth and return.

3        PROJECTS ELIGIBLE TO RECEIVE FINANCIAL ASSISTANCE

3.1    Projects that aim at achieving one or more of the above objectives shall be eligible to receive financial support under the NETCOF Scheme.

3.2     The guiding principle for supporting project proposals under the Scheme would be the production of a commercially viable NCE product or generation of energy by an enterprise/company/Institute of repute and its marketability.

3.3           The Scheme will give preference to project proposals envisaging financial support from existing companies in production  which have a proven track record of reasonable profitability.

3.4    A close liaison  would  be  maintained with the  Technology Development  Board  (TDB) of the  Department of  Science  &  Technology.  The TDB   often gets    project  proposals having components of  renewable   energy and these could be   fruitfully   passed on to  this  Ministry for   funding.

3.5   For the generation of  suitable projects,  proper publicity  and networking with the    industry would be  required .

3.6  The Scheme shall give preference to those project proposals that are not covered by any other on-going Scheme of the Ministry.

4          APPLICANTS ELIGIBLE TO SEEK FINANCIAL ASSISTANCE

4.1       The following shall be eligible to seek financial assistance under the NETCOF Scheme:

(i)            Companies incorporated under the Indian Companies Act, 1956.

(ii)          R&D Institutes of repute such as the laboratories of the Council of Scientific and Industrial Research, Government of India, in collaboration with the industry.    

(iii)        Academic institutes of repute such as the Indian Institutes of Technology and the  Indian Institute of Science, Bangalore, in collaboration with the industry. 

5         THE NETCOF COMMITTEE

5.1       A   committee, called the NETCOF Committee,  has been constituted to:

Ø     Analyse, examine and evaluate  the  project  proposals received for

       this  assistance .

Ø    To recommend/reject, project proposals that are submitted to it by the NETCOF Cell.

Ø    Recommend the maximum amount of funding to be provided to any given project proposal, by the NETCOF,     together with the quantum and type of  financial  assistance to be   made  available  for a  recommended project,  viz.  the  mix of equity and/or loan and/or grant-in-aid ,etc. to be provided.

6        COMPOSITION OF THE NETCOF COMMITTEE

6.1       The composition of the NETCOF Committee is  as follows:

v    Composition

6.2    The following are the  terms of reference of the NETCOF   Committee   that    have  been   drafted   in   line  with those of the  Ministry’s  R&D  Advisory Committee :

Ø    The NETCOF  Committee shall make  recommendations with regard to the project proposals that are submitted to it by the Ministry’s NETCOF Cell for the grant of  assistance under the Scheme on NETCOF.

Ø    It shall regularly  review  the implementation of  all those projects that have been supported by the Ministry under the Scheme on  NETCOF.

Ø    It shall  discuss  and recommend, to the Ministry, the strategy, as well as the short and long term goals, for the commercialization of   NCE technologies. 

Ø    It shall discuss and recommend, to the Ministry, the type of institutional arrangements and monitoring systems that are suitable for an early  realization  of the objectives of the Scheme on NETCOF.

Ø    It shall discuss and recommend, to the Ministry, the  priorities  to be adopted under the Scheme  on  NETCOF.

Ø    It shall also recommend the  maximum amount of  funding ( subject to a  ceiling of 75% of the total project cost as  appraised by the lead FI ) to be provided to any given project proposal, by the NETCOF, together with the quantum  and type of   financial assistance to be  made available for a  recommended  project, viz. the mix of   equity  and / or loan and / or grants-in-aid, etc, to be provided.  

v         Functioning  of the  Committee

       The NETCOF  Committee  shall function as per the  terms and guidelines that have been drafted in line with  those   of the  Ministry’s  R&D  Advisory Committee:

(i)           The  NETCOF   Committee  will be guided by the Ministry’s  Scheme on NETCOF, that has been approved by the Commission for Additional Sources of Energy in its 62nd meeting held on the 24^th  of  July, 2000.

            (ii)      The  tenure  of  the   NETCOF    Committee   shall,   at  present,  be  co-terminus  with  that  of  the   Scheme on  NETCOF, viz. from the date of  issue  of  the  Office  Memorandum  notifying  its   constitution (24^th  of  April, 2001) upto    the  31^st of  March, 2002.

(iii)     The  NETCOF   Cell   shall   serve   as   the   Secretariat  to  the NETCOF    Committee.

(iv)      All  non-official and official members  and special invitees  (if any) –

that attend the meetings of the NETCOF Committee – shall be eligible  for the on - the - spot payment / reimbursement of  travelling allowance, daily allowance and sitting fee as per the existing rules of the Government of  India .

 (v)     The Committee shall meet as frequently as required, but at least once  every six months.

      (vi)   The  Constitution   of  the  Committee  shall  be reviewed by the Ministry from time – to – time. The Committee shall have the discretion to co-opt additional Members as and when required and also to  invite special invitees to attend its meetings, if it feels necessary.  The special invitees could include representative(s) of the Financial Institution(s) [FIs] from which the term loan (s) has/have been sought by the applicant for the project’s implementation and the Head of that Group of the Ministry that deals with the subject area of the proposed project.                                                                                    

7         THE NETCOF CELL

7.1     A  Cell   has been created in the Ministry  to  exclusively  look-after  the implementation of the  Scheme on   NETCOF.  The said   Cell is currently headed by  an  officer of the rank of  Director, who is  assisted by   one  Senior Scientific Officer-I .

7.2     The NETCOF Cell  is being manned by redeployment from the existing strength of the Ministry.

7.3     The NETCOF Cell  is functioning  as the Secretariat to the NETCOF Committee.  

8          MODE OF IMPLEMENTATION

8.1     The Scheme is being implemented by the Ministry  primarily through the IREDA and also  through  other  FIs like the IDBI / the ICICI who run    venture   capital   fund   schemes. The  applicant will apply to the

           IREDA or to the concerned  FIs  for seeking financial assistance   under the Scheme by submitting a Detailed Project Report (DPR) covering all technical, financial and legal aspects of the proposed project.  No assistance shall be provided to the applicant for the preparation of the DPR.  

8.2      The applicant will also be required to submit all relevant details in a prescribed format (Annexure-I) that has been devised by the Ministry.   Simultaneously, the applicant will also send a copy of the filled-in-application format to the NETCOF  Cell of the Ministry.  The concerned FIs can also  prescribe separate  application forms for their  appraisal  purpose.

8.3     The FI(s) shall appraise the project proposal and send its/their appraisal report (s) to the Ministry.  In addition to appraisal by the FI(s), the concerned Programme Division/Group   of   the Ministry   will also  be 

            required  to give its  detailed opinion on the scientific and technical content of the project proposal. The Group/Division would be specifically required to examine the technical aspects of the project vis-à-vis the objectives of the Scheme and see whether the same are fulfilled.  If felt necessary, views of  outside technical &  financial  experts may also be obtained. The inputs thus received from the FI(s) and   the   Ministry’s   concerned   Programme  Division/Group will be

           assimilated and submitted to the NETCOF Committee by the NETCOF Cell of the Ministry, together with its technical comments and recommendations. The broad  methodology   to be followed  will be same as that of   the  R&D  Advisory Committee of the Ministry.

8.4     The NETCOF Committee will carefully examine all aspects of the project proposal and decide upon whether or not the project is to be supported by the Scheme.  The Committee will also recommend the maximum amount of funding to be provided to the project, by the Ministry, together with the funding pattern (viz. the mix of equity and /or  loan   and/ or  grant-in-aid,  etc.).    To   arrive   at   a   decision, the

            Committee may, if it so feels, ask the applicant to make a presentation  of  the project proposal during its meeting and give clarifications regarding the proposal.

8.5     Based on the NETCOF Committee’s recommendation, the NETCOF   Cell shall process the project proposal for issuing the sanction order.

8.6      It shall    be the sole responsibility of the applicant - who shall also be the project promoter - to tie-up the finances for the project and ensure its financial closure, as also the legal formalities.

8.7     The disbursal of funds shall be made  through  the IREDA or any other FI which is  co-financing the project and which has appraised the project report.  

9        CREATION OF  THE  NETCOF  

9.1     The NETCOF has been created in the IREDA by  releasing the   Budgetary Provision made by the Ministry for this purpose, during the last financial year, viz. 2000-2001.   If felt necessary, this fund can also be  replenished  from other sources  approved by the Ministry.   As for  the targets for the 9^th   Plan, the funding shall be at a  level of   Rs. 2.00 crores per year, subject to further funding by the Planning Commission during   the   10^th    Plan.    During   the    first    year   of   the Scheme’s

           implementation, i.e. 2000-2001, a  fund of Rs.2.00 crores has been placed with the IREDA. The IREDA shall maintain a separate account for the NETCOF and shall also provide regularly, to the Ministry, the corresponding financial statements. The implementing/administering agency of the NETCOF   and the Scheme shall be the Ministry through the NETCOF Committee/Secretariat.  This channelizing of funds through the IREDA’s bank account shall be reviewed at the end of every  year. 

9.2     All releases to the applicant shall be proportionate to the   disbursal of the term loan instalments to that applicant, by the FI that has sanctioned the term loan to the project.  In case term loans are sanctioned to the project by more than one FI, then funds from the NETCOF  shall be released to the applicant in proportion to the disbursal of the term loan instalments, to the applicant, by the lead FI, viz. the FI that sanctions the maximum amount of term loan to the project.

9.3     A separate budget head has been created for the NETCOF Scheme.  This budget head  shall  be administered by the NETCOF Secretariat in accordance with the recommendations of the NETCOF Committee.

9.4     The Ministry shall sanction the eligible funds to any project recommended  by  the  NETCOF  Committee only after the project has

            achieved financial closure. For this purpose, the date of financial closure shall be reckoned as the date of sanction of the term loan, to the project, by the lead FI. 

10          FUNDING PATTERN

10.1    Depending upon the recommendations of the NETCOF Committee, funds to be provided under the Scheme to  the  applicant can be in the form   of   a  suitable mix of the  following   components as  decided by

             the Committee,  subject  to a   ceiling  of   75% of  the   total project cost as  appraised  by the lead FI   :

(i)      Equity   and/or

(ii)           Loan and/or

(iii)          Grant-in-aid  in exceptional cases and / or

(iv)          Convertible & non-convertible debentures and/or

(v)           Loans with a option to convert to equity.

10.2    Of the above options, the provision of equity shall be limited only to   companies registered under the Indian  Companies Act, 1956.  This option shall not be available to projects that are proposed by academic and R&D institutes.

10.3    The equity participation shall be upto a maximum of 26%.

10.4     The  sum of equity and grants-in-aid, if given to  any proposed project, shall not  exceed 50% of the total cost of  the project as appraised by the lead FI.  This ceiling shall be within the above-mentioned ceiling of 75% of the total project cost as appraised by the lead FI.

10.5    The   loans shall be provided at a concessional simple interest rate of 6% per annum, or any  other  rate of  interest as  may be decided by  the  Ministry from time to  time,  subject to the condition that the project promoter’s contribution is at least 25% of the project cost as appraised by the lead FI. 

10.6    The repayment of the loan, together with the interest thereon, shall commence one year after the project has been completed successfully and   in   any   case  before the  end  of  the fourth year from the date of

 disbursement of the first loan instalment.  The loan amount, along with the interest due thereon, shall be recoverable in five annual instalments.

10.7    Grants-in-aid  will be provided only  in  exceptional cases and,  if provided in any given case as the only form of fund under the Scheme, shall not exceed 25% of the project cost as appraised by the lead FI, subject to the condition that the project promoter’s contribution is at least 25% of the project cost as appraised by  the lead FI.

11      SELF-SUSTAINING FEATURE OF THE NETCOF 

11.1    The sale of all products  - that are commercialized as an outcome of

            projects funded by the NETCOF  - shall attract a royalty of 2% that shall be credited to the NETCOF by the manufacturers.  This feature, together with the dividends and interest earned by equity participation and sanctioning of loans, respectively, shall ensure that the Fund grows on its own, with the possibility of becoming self-sustaining in the long term.   

 12     MONITORING

12.1    All projects sanctioned under the Scheme shall be monitored by a common Committee, which shall be termed as the Project Review & Monitoring Committee (PRMC).  The PRMC shall also monitor the financial performance of the NETCOF and shall be chaired by the Secretary of the Ministry, with the Head of the Group of the Ministry - that is responsible for the implementation of the Scheme on NETCOF - as it’s Member-Secretary.  The   Members of the PRMC will include representative(s) of the FI(s) that have sanctioned the term loan(s) to the applicants,  a  representative from the  Planning  Commission, the Group Heads of the Ministry and the Financial Adviser to the Ministry.

12.2        The tenure of the PRMC shall be co-terminus with that of the NETCOF Committee.   It shall have the discretion to co-opt additional Members as and when required and also invite special invitees to attend its meetings, if it feels necessary.  It shall meet as frequently as required, but at least once every quarter.

13      TERMS  AND CONDITIONS FOR THE GRANT /  FINANCIAL ASSISTANCE

13.1    The   terms and  conditions for  the grant /  financial  assistance  to be provided under the Scheme are enclosed as  Annexure-II.

          ANNEXURE-I

GOVERNMENT OF INDIA

MINISTRYOF NON-CONVENTIONAL ENERGY SOURCES

NON-CONVENTIONAL ENERGY TECHNOLOGY COMMERCIALIZATION FUND (NETCOF)

APPLICATION FORM FOR SEEKING FINANCIAL ASSISTANCE UNDER THE  NETCOF  SCHEME

Important:    This form is to be filled by furnishing   all   correct details based on   verifiable  & true state of affairs without suppressing any material information, which,  if  resorted to, shall lead to the rejection of the application

1.              Name, full postal address, telephone number (s),       :

fax  number (s)  and  e-mail  address  of the

applicant, who shall  also be the  project promoter

2          Name of the company/R&D Institute/                 :

Academic Institute seeking financial

assistance under the  Scheme  on  NETCOF,

with  the date of  its establishment

3        Whether registered under the Societies                 :

             Registration Act, 1860 (21  of  1860)  or

             incorporated under the Indian  Companies

            Act,  1956 or   any other relevant Act or

            created  under  any other Act?

4        If yes; number and year of registration/                :

         creation ( Attested copy of registration

         certificate to be enclosed)

5        Whether the organization is of National/               :

         State level?

6        Details of the Managing Committee /                   :

            Managing Board, along with the names,

           addresses   and  occupations   of  the  office-

           bearers.         

7        Brief details of the organization, objectives            :

            and activities during the past three years

8        Complete particulars of the technology                :

             proposed  to be commercialized      

         (indigenous  or  imported)

9        Purpose for which the amount is required             :

            (Please state the details of the project and

            its  proposed implementation)

10      Total project cost and its head-wise                    :

            break-up

11      Total duration of the project  ( in years)               :

12      Financial contribution by the applicant,                :

         for the implementation of the project

13      Financial assistance sought from the                    :

           Ministry under the Scheme on NETCOF

14      Source of   funding of the balance amount,             :

         giving clearly the proposed means of  finance

         [e.g. by seeking term  loan (s) from  financial

         institution (s)]

15      Details of prosecution, if any, in a court               :

         of  law launched against the  applicant, during

         the last five years in  civil, criminal or taxation

         matters

16      Copies of the following documents to be attached    :

(i)             Constitution of the organization and  Article / Memorandum of  Association, as applicable;  and

(ii)           Annual Reports and Audited Statements of  Accounts for the last three years

DECLARATION

( to be  signed by the   Head /  Chief  Executive Officer of the  Applicant or  its  Authorized   Signatory)

     All the particulars given in the application form are true and correct.  Nothing material has been suppressed.  It is certified that I / we have read the guidelines, terms and conditions governing the Scheme and undertake to abide by them on behalf of my/  our organization / institution.  The financial assistance, if provided, shall be put to the declared use. 

                                          (Signature of the Head/ Chief Executive Officer

                                          of the  applicant or  its  authorized  signatory)

17 of   29

ANNEXURE-II

           TERMS AND CONDITIONS FOR THE  GRANT /   FINANCIAL  ASSISTANCE

(i)       Approval  of the proposal  and the grant  being released is for a  specific project and the grant is  required to be spent for the project within the stipulated time.  The Organization is not permitted to seek or utilize funds from any other organization (Government,  Semi-government, Autonomous  or  Private ) for the project.  Any portion of the  amount sanctioned, which is not utilized, would be required to be surrendered to the Government of  India and carry forward of  funds to the next financial year for utilization for the  project during that year may be considered with the specific approval   of the  Ministry.

(ii)      For  Permanent and   Semi-Permanent assets acquired solely or mainly out of the grant, an audited record in the form of  a  register in the prescribed proforma (Annexure III)  is  required to be  maintained.  The term “assests” here means  (a) immovable property and (b) movable property of a capital nature where  the value exceeds  Rs, 1,000/- . The grant will not be utilized for construction of any building.  Full facilities by way of accommodation, etc. for the project  will be  provided   by   the  Organization which has endorsed the project proposal.

(iii)    All  equipments and prototypes ( so acquired from the grant) will be the property of the  Government of  India and should not, without the prior sanction of the Ministry, be disposed-off or encumbered or utilized for purposes other than those for which the grant has been sanctioned.

(iv)     The achievements made during the course of the project will be photographically covered from time to time and a copy of each photograph  will be sent to the Ministry  for information and record.  The expenditure on this account will be charged to the project account under the head “Contingencies”.

(v)      The Organization will arrange to display a  Notice Board at prominent places at the  project    site to    the effect   that the project has been financially supported by the   Ministry of  Non-Conventional  Energy  Sources.

(vi)   The  Organization shall ensure that the time schedule  laid down for the execution of the  project is strictly adhered to.

(vii)    On conclusion of the project, the Government of  India will be free to sell or otherwise dispose-off assets which are the property of the Government.  The Organization shall tender to the  Government necessary facilities for  arranging the sale of these assets.  The  Government of  India has the discretion of gifting some of these assets  to the Organization,  if  it considers it  appropriate.

 (viii)   The Organization will be required to furnish a  progress report at the end of the financial year  in which the  project is  sanctioned and thereafter at a interval of  three months on the progress made on all aspects of the project , including expenditure incurred on various approved items during the period.

(ix)     The Organization is  required to  send to the Ministry, at the end of each financial year as well as at the time of seeking further instalments of the grant, a list of assets referred to in   point  (ii)  above.

(x)      The  Organization would  render to the Ministry an  Audited Statement of  Accounts, including comments of the Auditor (s),  regarding the observance of the conditions governing the grant within six months following the end of each financial year.

(xi)    The Comptroller  and Auditor General or any other Agency / Officer  (s) authorized    by   the   Ministry   will    have the right to access the  books   and    accounts of the Organization for  the grant received from the Government. 

(xii)    The Organization would maintain separate Audited Accounts for the project.  If  a part or whole of the grant is deposited  in a bank account earning interest,

             the interest thus earned should  be reported to the Ministry.  The interest thus earned will be treated as a credit to the Organization to be adjusted towards further instalments of the grant.

(xiii)   Sale  proceeds, if any, of the components, prototypes, pilot plants, etc., fabricated as a  result of the development of the project arising directly from the funds granted by the Ministry, shall be remitted to the Government of  India.  The Government of  India,  may, at its  discretion allow a  portion of such  receipts to be  retained by the  Organization.

(xiv)   The know-how generated from the project would be the property of the Government of  India and any receipts by way of  sale of  know-how, royalties etc. shall accrue to the  Government of  India.  The  Government   of  India may, at its discretion, allow a  portion of such receipts to be  retained by the  Organization.

(xv)      The Government of  India , in the Ministry of  Non-Conventional Energy Sources, will have the right to call for drawings, specifications and  other data necessary to   enable the transfer of know-how to other parties and the Organization shall supply all the  needed information at the  request of  the  Ministry.

(xvi)   The Organization may  not entrust the   implementation of the work for which the grant has been sanctioned to another institution and to divert the grant received,  as assistance, to the  said institution.  In case the  Organization itself is not in a position to execute or  complete the project ,  it may be  required  to  refund forthwith the   grant that it  has received to the  Government of  India, through the  Ministry.    This condition may be  relaxed in  exceptional  cases   by the   Government of  India .

(xvii)  The staff that may be employed for the project by the  Organization are not to be    treated   as employees of the Government of  India and  the employment  of   such  staff at the time of termination of the project will not be the concern/     responsibility of the  Government of  India.

(xviii) Within three months from the completion of  the project, the Organization will furnish 10 (ten) copies of a  detailed report to the  Ministry on the outcome of the project, supported by engineering drawings, charts and performance reports.

(xix)   The Grantee Organization shall procure the  equipment sanctioned as per the approved outlay and no deviation from the sanctioned items  shall be made without prior approval  of the  Ministry.

ANNEXURE-III

ASSETS ACQUIRED  WHOLLY OR  SUBSTANTIALLY OUT OF GOVERNMENT GRANTS : 

REGISTER TO BE MAINTAINED BY THE  GRANTEE  ORGANIZATION

ASSETS ACQUIRED WHOLLY OR  SUBSTANTIALLY  OUT OF  GOVERNMENT GRANTS: 

RE GISTER TO BE  MAINTAINED  BY THE  GRANTEE  ORGANIZATION

ANNEXURE-IV

UTILIZATION CERTIFICATE

TO BE SENT IN DUPLICATE TO THE MINISTRY OF  NON-CONVENTIONAL ENERGY SOURCES, BLOCK-14, CGO COMPLEX, LODI ROAD, NEW DELHI –110 003

FOR THE FINANCIAL  YEAR   _____________________   (ENDING 31^st MARCH             )

1.              Title of the Project  /  Scheme      :

2.              Name of the  Organization          :

3.              Principal Investigator                 :

4.              Ministry of  Non-Conventional     :

Energy Sources (MNES) sanction

No. and date

5.       Amount brought forward from      :

            the previous financial year,

         quoting the MNES letter no and

          date by  which the authority to

         carry forward the said amount

         was given

6.       Amount received from the MNES  :

         during the  financial year

         a)  No. & Date of the  Sanction     :

                  letter

b)     Sanctioned  Amount                  :

7.       Total amount that was available   :

         for expenditure ( excluding

         commitments) during the

         financial year,  viz.  Sl. No. 5 + 6

8.       Actual expenditure (excluding      :

         commitments) incurred during the

financial year

9.       Unspent  balance refunded, if any, :

         (please give details of the cheque

          number, etc.)

10.     Balance amount available at the   :

         end of the  financial year

11.     Amount allowed to be carried       :

         forward to the next financial

         year vide the  MNES letter no

         ___________     dated    _____

 Certified  that  an expenditure of   Rs. ________________________

 ( mentioned against col. 8)  was actually incurred on the Project  /  Scheme for the purpose for which it  was  sanctioned.

____________________                _____________________           _____________________

Signature of  the Principal          Signature of  the Registrar /       Signature of  the Head

Investigator, with date                Accounts Officer, with date         of the Organization,

                                                                                    with date

ACCEPTED AND  COUNTERSIGNED

CHARTERED ACCOUNTANT

ANNEXURE-V

LIST OF THE MEMBERS OF THE NETCOF COMMITTEE

1.    Dr.  R. Natarajan                                             

Director

Indian  Institute of  Technology

Chennai –600 036

2.   Shri V. Raghuraman                                                             

Senior  Adviser – Energy

Confederation of  Indian  Industry

Gate No.  31,  North  Block

Jawaharlal  Nehru   Stadium

New  Delhi – 110 003

3.   Prof. C.L. Gupta                                                                

Head

Solar Energy Centre

Shri Aurobindo Ashram

Pondicherry – 605 002

4.    Shri C.S. Rao                                                                      

Additional Secretary  and Financial Adviser

Ministry of  Non-Conventional Energy Sources

Block No. 14, CGO Complex, Lodi Road

New Delhi – 110 003

5.   Shri S.P. Narayanan                                                             

Chief –  Incubator Group

ICICI Venture

Funds Management Company Ltd.

IV  Floor, ‘Raheja Plaza’

17, Commissariat Road

Bangalore  - 560 025

6.    Shri Taposh Chakravorty                                   

 General Manager

 Industrial Development  Bank of  India

 Northern  Zonal Office

 Indian  Red Cross Society Building

 1,  Red Cross Road

 New Delhi  - 110 001

7.   Dr. V. Bakthavatsalam                                                         

Managing  Director

Indian Renewable Energy Development Agency Ltd 

Core 4-A,  East Court, First Floor

      India Habitat Centre Complex

      Lodi Road

      New  Delhi  - 110 003

8.   Shri T. Prabakaran                                                              

Director (Finance)

Indian Renewable Energy Development Agency Ltd 

Core 4-A,  East Court, First Floor

India Habitat Centre Complex

Lodi Road

New  Delhi  - 110 003

9.   Dr. K.R. S. Krishnan                                                           

Scientist –F

Department of  Science &  Technology

Ministry of   Science &  Technology

Technology Bhawan ,New Mehrauli  Road

New Delhi-110 016

ANNEXURE-VI

LIST OF   THE  REGIONAL OFFICES OF THE MINISTRY OF  NON-CONVENTIONAL  ENERGY  SOURCES

1        Shri Padam Singh

         Director

         Regional Office, Ministry of

Non-Conventional Energy Sources

         E-1/85, Arera Colony

            Bhopal – 462 016

2        Shri S.S. Bedi

Director

Regional Office, Ministry of

Non-Conventional Energy Sources

CGO  Kendriya  Sadan

Block-B, 4^th  Floor

Sector- 9 A

Chandigarh – 160 047

3        Dr. P. Radhakrishna

Director

Regional Office, Ministry of

Non-Conventional Energy Sources

E-1, B-Block, Rajaji Bhawan

CGO  Complex, Besant Nagar

Chennai-600 050

4        Shri B.L. Ram

Principal Scientific Officer

Regional Office, Ministry of

Non-Conventional Energy Sources

A-1/18, Sector-H, Ali Ganj

Lucknow-226 024.

5        Shri K.C. Vaghri

Principal Scientific Officer

Regional Office, Ministry of

Non-Conventional Energy Sources

5^th  Floor,  Screen Building

Drive-in Cinema, Drive-in Road

Ahmedabad-380 054.

6        Shri S.K. Singh

Principal Scientific Officer

Regional Office, Ministry of

Non-Conventional Energy Sources

Jagdev Path , Murli Chowk,

Bailley Road

            Patna-14.

7        Shri D.R. Das

Principal Scientific Officer

Regional Office, Ministry  of

Non-Conventional Energy Sources

A.T. Road,  Paltan Bazaar

         ( Pan Bazaar Overbridge)

Guwahati-781 003.

8        Shri N. Bangararaju

Senior Scientific Officer-I

Regional Office, Ministry of

Non-Conventional Energy Sources

6-3-1201, Kundan Bagh

Begumpet

Hyderabad-500 016.

9        Shri B.K. Panda

Senior Scientific Officer-I

Regional Office, Ministry of

Non-Conventional Energy Sources

A/28, Nilakantha Nagar

Unit 8,  Nayapalli

Bhubaneswar-751 012.