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Rajasthan Renewable Energy Tariff Orders 2015

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HIGHLIGHTS

 

Technology-wise Net Tariff

Technology

Net Tariff (in Rs./kWh)

Wind (Jaisalmer, Barmer, Jodhpur)

5.16

Wind (other than Jaisalmer, Barmer, Jodhpur)

5.42

Solar PV

4.85

Solar thermal

10.34

Biomass with water cooled condenser

6.83*

Biomass with air-cooled condenser

7.41*

Biogas

7.84*

Biomass gasifier

6.67*

*Without availing AD

Tariff Period

Technology

No. of Years

Wind, Solar PV, Solar thermal

25

Biomass, Biomass gasifier, Biogas

20

 

Control Period

01.04.2014 till 31.03.2019 for wind and solar projects.

01.04.2015 till 31.03.2019 for biomass and biogas projects.

 

Useful Life of a Plant

Technology

No. of Years

Wind, Solar PV, Solar thermal

25

Biomass, Biomass gasifier, Biogas

20

 

Capital Cost

Technology

Capital Cost (in Rs. Lakh/MW)

Wind

579.84

Solar PV

518.59

Solar thermal

1182.30

Biomass with water cooled condenser

527.78

Biomass with air-cooled condenser

561.98

Biogas

856.77$

Biomass gasifier

443.49*

*Subsidy of Rs.150 lakh/MW

$Subsidy of Rs.300 lakh/MW

 

Operation and Maintenance (O&M) Expenses

Technology

O&M Expenses

(in Rs. Lakh/MW)

Wind

8.82

Solar PV

7.00

Solar thermal

18.79

Biomass with water cooled condenser

42.27

Biomass with air-cooled condenser

45.07

Biogas

56.06

Biomass gasifier

56.06

  • The escalation in O&M is 5.85% per annum.

Interest Rate on Loans

12.76%

 

Depreciation

5.83% for the first year and remaining depreciation shall be spread over the residual useful life of the plant

5.28% for biogas and biomass for the first 13 years and remaining depreciation shall be spread over the residual useful life of the plant.

 

Return on Equity

14% per annum for biogas, biomass gasifier and biomass.

16% per annum for other technologies.

 

Interest on Working Capital

12.50% for solar thermal.

12.26% for Solar PV.

10.99% for biogas and biomass.

 

 

OTHER PROVISIONS

 

Tariff Structure and Design

Single part, levelised tariff.

 

Despatch Principle

‘MUST RUN’ plants and hence not subject to merit order despatch principle.

 

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 of bills through a letter of credit or by cash/cheque within three working days of presentation of bills.

1% - for payment of bills through a letter of credit or by cash/cheque beyond three working days of presentation of bills but within thirty days.

Late Payment Surcharge

1.25% per month, on a daily basis, for payments beyond 45 days from date of presentation of bills.

 

Links

http://rerc.rajasthan.gov.in/

 

References

http://rerc.rajasthan.gov.in/Regulations/Reg87.pdf

http://rerc.rajasthan.gov.in/Regulations/Reg79.pdf

http://rerc.rajasthan.gov.in/TariffOrders/Order239.pdf

http://rerc.rajasthan.gov.in/TariffOrders/Order249.pdf

http://rerc.rajasthan.gov.in/TariffOrders/Order248.pdf

http://rerc.rajasthan.gov.in/Regulations/Reg85.pdf

http://rerc.rajasthan.gov.in/Regulations/Reg114.pdf

http://rerc.rajasthan.gov.in/TariffOrders/Order304.pdf

Note: Updated up to 8 March 2019 Order.

 

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