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Jammu and Kashmir Renewable Energy Tariff Regulations - 2013

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HIGHLIGHTS

 

Tariff period

Technology

Years

Small hydro below 5 MW

35

Solar PV and solar thermal

25

Municipal solid waste (MSW), refuse derived fuel (RDF), biomass gasifier and biogas

20

Any other technologies

13

 

Control Period

5 years, of which the first year shall be FY 2013-14.

Useful Life of a Plant

Technology

Years

Wind, solar PV, solar thermal

25

Small hydro

35

Biomass based on Rankine cycle technology, non-fossil fuel based cogeneration, biomass gasifier, biogas, MSW and RDF

20

 

Technology-wise Tariff

Technology

Net Tariff (Rs./kWh)

Wind zone 1 (CUF – 20%)

5.81

Wind zone 2 (CUF – 22%)

5.28

Wind zone 3 (CUF – 25%)

4.65

Wind zone 4 (CUF – 30%)

3.87

Wind zone 5 (CUF – 32%)

3.64

Small hydro below 5 MW

4.01

Small hydro 5 MW to 25 MW

3.38

Solar PV

4.98

Solar thermal

10.34

MSW

6.29

RDF

7.57

Biomass using rice straw and juliflora and travelling grate boiler with water cooled condenser.

6.95

Biomass using rice straw and juliflora and travelling grate boiler with air cooled condenser.

7.20

Biomass using rice straw and juliflora and AFBC boiler with water cooled condenser.

6.87

Biomass using rice straw and juliflora and AFBC boiler with air cooled condenser.

7.13

Biomass using other than rice straw and juliflora and travelling grate boiler with water cooled condenser.

6.83

Biomass using other than rice straw and juliflora and travelling grate boiler with air cooled condenser.

7.08

Biomass using other than rice straw and juliflora and AFBC boiler with water cooled condenser

6.76

Biomass using other than rice straw and juliflora and AFBC boiler with air cooled condenser.

7.02

Non-fossil fuel based cogeneration.

5.48

Biomass gasifier.

7.35

Biogas

4.80

 

Capital Cost

Technology

 

 

Capital Cost (in Rs. lakh/MW)

Wind

575

Small hydro below 5 MW.

770

Small hydro (5 MW to 25 MW).

700

Biomass based on Rankine cycle technology (with water cooled condenser using other than rice straw and juliflora).

540

Biomass based on Rankine cycle technology (with water cooled condenser using rice straw and juliflora).

590

Biomass based on Rankine cycle technology (with air cooled condenser using other than rice straw and juliflora).

580

Biomass based on Rankine cycle technology (with air cooled condenser using rice straw and juliflora).

630

Non-fossil fuel cogeneration

420

Solar PV

1000

Solar thermal

1300

Biomass gasifier

550

Biomass gasifier (after considering capital subsidy)

400

Biogas

1100

Biogas (after considering capital subsidy)

800

MSW

1500

RDF

900

  • All capital costs (Rs.lakh/MW) are for FY 2013-14 except those for MSW and RDF.Capital costs for subsequent years are determined based on indexation formula.

  • Capital costs for solar thermal and solar PV for subsequent years are subject to annual reviews.

Operation and Maintenance Expenses (O&M)

Technology

Cost (in Rs. lakh)

Wind

9.00

Small hydro below 5 MW

25.00

Small hydro (5 MW to 25 MW)

18.00

Biomass based on Rankine cycle technology.

40.00

Non-fossil fuel based cogeneration

16.00

Solar PV (1.5% of approved capital cost for FY 2016-17 and FY 2017-18).

11.00

Solar thermal

15.00

Biomass gasifier and biogas

40.00

MSW and RDF

6% of normative capital cost

 

Interest Rate on Loans

Average Jammu and Kashmir Bank base rate prevalent during the first six months of the previous year plus 300 basis points.

Depreciation

5.83% for the first 12 years and remaining depreciation spread over the residual useful life of the project.

Return on Equity

  • 18% per annum for first 10 years.

  • 22% per annum for 11th year onwards.

Interest on Working Capital

Average Jammu and Kashmir Bank base rate prevalent during the first six months of the previous year plus 350 basis points.

 

OTHER PROVISIONS

 

Tariff structure and design

Generic, single part, levellised tariff for the tariff period.

Merit order despatch principle

All renewable energy power plants with certain exceptions are treated as ‘Must run’ power plants.

Subsidy or/and Incentives by government

Any incentive or subsidy provided by the central or state government, including accelerated depreciation benefit, would be taken into consideration.

Rebate

  • 2% - for payment through letter of credit.

  • 1% - for payments not through letter of credit but within 1 month from the date of presentation of bills.

Late payment surcharge

1.25% per month for payment of bills beyond a period of 60 days from the date of billing.

Links

http://jkserc.nic.in/rn.html

References

http://jkserc.nic.in/Renewable%20Energy%20Sources%20Reg.2013.BR.pdf
 

http://jkserc.nic.in/JKSERCRES%20first%20amendment.pdf
 

http://jkserc.nic.in/JKSERC.RES2Amendment%202016.pdf

 

 

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