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HIGHLIGHTS |
Issued By | Central Electricity Regulatory Commission. | ||
Issued On | 23rd June 2020. | ||
Control Period | 01st July 2020 to 31st March 2023. | ||
Eligibility
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Tariff period | Wind | 25 years | |
Solar PV and thermal project | 25 years | ||
MSW and RDF power projects | 20 years | ||
Small hydro power (SHP) | 35 years | ||
Biomass gasifier, biogas power projects, Non-fossil fuel cogeneration project, Bio mass power project with Rankine cycle technology | 20 years | ||
Generic tariff | Tariff of projects is determined by commission year on year basis.
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Project specific tariff |
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Component of tariff determination |
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Capital Cost
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Debt Equity Ratio
| For generic tariff based ratio of debt ratio is 70:30. For project specific tariff:
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Loan Tenure | 15 years. | ||
Interest Rate
| Calculation for interest to be worked out on gross normative loan.
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Depreciation
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Interest on Working Capital for power plant | Solar PV and thermal, SHP, wind and RE project with storage | a) O&M expenses – for 1 month. (b) Receivables – 45 days of energy charges for sale of electricity calculated on the normative CUF. (c) Maintenance spares – 15% of O&M expenses | |
Biomass, Biogas, RDF,MSW | a) Fuel cost –4 months equivalent to normative PLF. (b) O&M expenses – for 1 month. (c) Receivables – 45 days of fixed and variable (fuel) charges for sale of electricity calculated on the target PLF. (d) Maintenance spares – 15% of O&M expenses. | ||
Hybrid project | Sum of working capital of individual project | ||
Interest on working capital shall be, interest rate equivalent to the normative interest rate of 350 basis points above the average State Bank of India MCLR (One Year Tenor) prevalent during the last available six months for the determination of tariff. | |||
Calculation of CUF/PLF
| Number of hours for calculation of CUF/PLF is 8766 (wherever applicable) for various RE technologies. | ||
Operation and Maintenance Expenses |
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Rebate |
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Late Payment Surcharge
| Payment of bills beyond 60 days from the date of billing – 1.50% per month. | ||
Subsidy or Incentive Central/State government | For income tax benefit on account of accelerated depreciation, if availed, the following principles to be considered:
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Link | |||
References |
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