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Madhya Pradesh Renewable Energy Tariff Orders - 2017

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HIGHLIGHTS

 

Tariff Period

Technology

No. of Years

Wind, solar PV, solar thermal

25

Small hydro

35

Biomass, bagasse based cogeneration, biogas, MSW.

20

 

Control Period

Technology

Period

Wind, solar, MSW

From date of issue to 31.03.2019

Small hydro

14.05.2013 to 31.03.2017

Biomass

02.03.2012 to 31.03.2017

Bagasse based cogeneration

01.04.2013 until new order

Biogas

From date of issue to 31.03.2018

 

Useful Life of a Plant

Technology

No. of Years

Wind, solar thermal, solar PV.

25

Small hydro

35

Biomass, bagasse based cogeneration, biogas, MSW

20

 

 

Technology-wise Net Tariff

Technology

Tariff

(in Rs./kWh)

Wind

4.78

Solar PV

5.45

Solar thermal

10.52

Small hydro below 5 MW (first five years)

6.39, 6.26, 6.14, 6.01, 5.89

Small hydro (5 MW to 25 MW) (first five years)

6.25, 6.12, 5.99, 5.86, 5.74

Biomass (first five years)

6.58, 6.31, 6.49, 6.68, 6.89

Bagasse based cogeneration

6.28

Biogas

4.20

MSW

6.39

 

Capital Cost

Technology

Capital Cost (in Rs. lakh/MW)

Wind

575.00

Solar PV

530.00

Solar thermal

1200.00 

Small hydro below 5 MW

650.00

Small hydro (5 MW to 25 MW)

635.00

Biomass

450.00

Bagasse based cogeneration

436.00

Biogas

925.00

MSW

1500.00

 

Operation and Maintenance (O&M) Expenses

Technology

O&M Cost

Wind

1% of capital cost in first year

Solar PV

Rs.7 lakh/MW in first year

Solar thermal

1% of capital cost in first year

Small hydro andbagasse based cogeneration

3% of capital cost in first year

Biomass

4% of capital cost in first year

Biogas

4% of capital cost in first year

MSW

5% of capital cost in first year

  • O&M escalation @ 5.72% per annum for all technologies except bagasse based cogeneration which is 5% per annum. 
Interest Rate on Loans

Technology

Rate (%)

Wind, solar, biomass, MSW

12

Small hydro, bagasse based cogeneration

13

Biogas

12.7

 

Depreciation

7% per annum for first 10 years and remaining depreciation spread over residual useful life of the project. 

Return on Equity

Technology

Return on Equity

Small hydro, bagasse based cogeneration, biogas, wind, solar,MSW

20% pre-tax

Biomass

16% pre-tax

 
Interest on Working Capital

Technology

Interest Rate (%)

Bagasse based cogeneration, small hydro

13.5

Biomass

13

MSW, wind, solar

12.5

Biogas

13.2

 

OTHER PROVISIONS

 

Tariff structure and Design

Generalized tariff shall be decided for all technologies. 

  Year-wise Levellised
Single part Small hydro project Wind, solar, MSW, biogas, bagasse
Two-part Biomass --
 
Merit order dispatch principle

No merit order dispatch for solar plants and biogas power plants, whereas biomass power plants with more than 2 MW capacity shall be subject to merit order dispatch principles.

Subsidy or/and Incentives by the government

Distribution licensees are entitled to subsidy on wheeling charges at the rate of 4% of energy injected.

Rebate Not available
Late payment surcharge Not available
Links http://www.mperc.nic.in/index.htm 
References http://www.mperc.nic.in/310316-Wind-tariff-SMP-74-15.pdf

http://www.mperc.nic.in/020312-SMP-77-2011-BiomassMarch-12.pdf

http://www.mperc.nic.in/010413-Bagasse-tariff-order.pdf

http://www.mperc.nic.in/180416-Ext-order-Baggase-based.pdf

http://www.mperc.nic.in/301116-SMP-08-2013.pdf

http://www.mperc.nic.in/140815-SMP-No-08-2013.pdf

http://www.mperc.nic.in/030513-SMPNo-08-2013.pdf

http://www.mperc.nic.in/080816-SMP-25-16-solar.pdf

http://www.mperc.nic.in/040416-SHP-Small-Hydro.pdf

http://www.mperc.nic.in/170513-SMP-19-2013.pdf

http://www.mperc.nic.in/SMP-10-2016.pdf

http://www.mperc.nic.in/050215-Biogas-tariff-order-smp-27-14.pdf

 

 

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