Technology

No. of Years

Non-fossil fuel based co-generation, biomass based on Rankine cycle, biomass gasifier, biogas, wind, solar thermal, and any other renewable energy technology approved by MNRE.

As may be fixed by the Commission

Solar PV.

25

Small hydro.

40

From 1 October 2017 to 31 March 2020 unless reviewed earlier or extended by the Commission.

Technology

No. of Years

Non-fossil fuel based co-generation, biomass, municipal solid waste (MSW)/refuse derived fuel (RDF) based power projects.

20

Wind, solar PV, solar thermal.

25

Small hydro

40

Any other RE technology approved by MNRE.

As may be fixed by the Commission

Technology

Net Tariff (Rs./kWh)

Solar PV projects up to 1 MW**

4.20

Solar PV projects between 1 MW and 5 MW**

4.15

Small hydro (above 100 kW and up to 2 MW).

3.79

Small hydro (above 2 MW and up to 5 MW).

3.61

Small hydro (above 5 MW and up to 25 MW).

3.44

Generic levelised tariff will be determined in the following cases:

• For small hydro projects which were:
  • Commissioned on or after 1 January 2015

                               and

• Have no PPA approved by the Commission before the date of commencement of these regulations.
• Have no joint petition for approval of PPA before the Commission.
• Have not commenced operations prior to the date of commencement of these regulations.
• SHP projects covered by the above clauses shall adopt either project- specific or generic levelised tariffs, or any mutually agreed tariff, or a tariff determined by competitive bidding.
• RE technologies other than SHP and SPV shall adopt:
  • Either generic levelised tariff at Commission determined terms and conditions issued from time to time, or
  • Project-specific tariff at the time of jointly applying for PPA, or
  • Tariff discovered through competitive bidding following Commission determined terms and conditions.

• All capital costs are for FY 2017-18. For subsequent years the capital cost will be determined using indexation formula given in Regulations.

Technology

Capital Cost

(in Rs.lakh/MW)

Solar PV projects up to 1 MW.

432.40

Solar PV projects between 1 MW and 5 MW.

426.00

Small hydro projects above 100 kW and up to 2 MW.

880.00

Small hydro projects above 2 MW and up to 5 MW.

850.00

Small hydro projects above 5 MW and up to 25 MW.

800.00

• For all other technologies, the capital cost is determined by the Commission from time to time.

Technology

O&M Cost

(in Rs. Lakh/MW)

FY 2017-18

Solar PV projects up to 1 MW.

  7.82

Solar PV projects between 1 MW and 5 MW.

  7.82

Small hydro projects above 100 kW and up to 2 MW.

33.00

Small hydro projects above 2 MW and up to 5 MW.

29.00

Small hydro projects above 5 MW and up to 25 MW.

24.00

For all other technologies – as stipulated in relevant orders of the Commission.

O&M cost shall be escalated @ 5.72% per annum.

• 55% for all SHP projects.
• 19% for SPV projects.
• As stipulated in relevant orders of the Commission for other technologies.

• 1% of gross generation for SHP projects.
• As stipulated in relevant orders of the Commission for other technologies.

S. No.

Category of Small Hydro Project

Free Power Structure

1.

Above 100 kW and up to 2 MW.

3% for the first 12 years and 13% for the remaining 28 years.

2.

Above 2 MW and up to 5 MW.

7% for the first 12 years and 13% for the remaining years.

3.

Above 5 MW and up to 25 MW.

13% for the entire tariff period of 40 years

0.7% of net generation.

• For solar PV projects – 9.99% per annum.
• For SHP projects – 10% per annum.
• Generic levelised tariff – average State Bank of India Marginal Cost of Funds based Lending Rate (one-year tenor) prevalent during the last available six months prior to the effective date of tariff plus 200 basis points.
• Project specific tariff – minimum of weighted average rate or weighted average of one-year tenor MCLR prevailing during the last available six months prior to the effective date of tariff.

• 5.28% till the time the loan component of the capital cost is repaid, and balance depreciation spread over the remaining useful life of the project, in straight line method.

17% per annum on pre-tax basis.

• For solar PV projects – 10.99% per annum.
• For SHP projects – 11% per annum.
• Generic levelised tariff – average State Bank of India Marginal Cost of Funds based Lending Rate (one-year tenor) prevalent during the last available six months prior to the effective date of tariff plus 300 basis points.
  • Project specific tariff – average of one-year tenor MCLR prevailing during the last available six months prior to the effective date of tariff.