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HIGHLIGHTS |
| Tariff Period | Technology | Years | |
| Wind, small hydro (5 MW to 25 MW), biomass based on Rankine cycle, solar thermal | 13 | ||
| Biomass gasifier | 20 | ||
| Solar PV | 25 | ||
| Small hydro below 5 MW | 35 | ||
| Control Period | · 5 years, of which the first year shall be FY 2012-13. · Amended regulation 2017 shall be effective between 1st April, 2017 and 31st March, 2018 | ||
| Useful Life of a Plant | Technology | Years | |
| Non-fossil fuel based co-generation, biomass based on Rankine cycle, biomass gasifier, biogas | 20 | ||
| Solar PV, solar thermal | 25 | ||
| Small hydro | 35 | ||
| Technology-wise Net Tariff (Rs./kWh) | Not available | ||
| Capital Cost | All capital costs are for FY 2012-13, and the same for subsequent years is determined using indexation formula in the regulations. | ||
| Technology | Capital Cost (in Rs. Lakh/MW) | ||
| Small hydro below 5 MW | 700 | ||
| Small hydro (5 MW to 25 MW) | 630 | ||
| Biomass based on Rankine cycle ( water-cooled condenser) | 445 | ||
| Solar PV | 1000 | ||
| Biomass gasifier | 550 | ||
| Operation and Maintenance (O&M) Expenses | All O&M costs are for FY 2012-13, and the same for subsequent years shall be escalated at the rate of 5.72% per annum. | ||
| Technology | O&M Cost (in Rs. lakh/MW) | ||
| Small hydro below 5 MW | 25 | ||
| Small hydro (5 MW to 25 MW) | 18 | ||
| Biomass based on Rankine cycle technology | 24 | ||
| Solar PV | 11 | ||
| Biomass gasifier | 35 | ||
| Interest Rate on Loans | Average State Bank of India base rate prevalent during first six months of the previous year plus 300 basis points. | ||
| Depreciation | 5.83% for first 12 years and remaining depreciation spread over residual useful life of the project. | ||
| Return on Equity | 20% per annum for first 10 years. 24% per annum from 11th year onwards. | ||
| Interest on Working Capital | Average State Bank of India base rate prevalent during first six months of the previous year plus 350 basis points. | ||
OTHER PROVISIONS |
| Tariff structure and design |
|
| Merit Order Despatch Principle | Power plants, except biomass, with installed capacity of 10 MW and above are ‘must run’ plants and not subject to ‘merit order dispatch’ principles. |
| Subsidy or/and Incentives by state/central government | Any incentive or subsidy provided by the central or state government including accelerated depreciation benefit would be taken into consideration for determination of tariff. |
| Rebate |
|
| Late payment surcharge | 1.25% per month for payment of bills beyond a period of 60 days from the date of billing. |
| Links | |
| References | http://www.apserc.in/pdf/Regulations/7-Final-Renewable-Energy-Tarrif-9-4-2012-7th-Notification.pdf |
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'All About Renewables' aims to bring about a change in the way we 'look and search' for data on renewables today, by providing access to the latest developments in the renewable energy sector (specifically renewable electricity), along with cross-linkages to the conventional energy sector, all on one single platform... Read More
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