Support, Grow, Contribute
All About Renewables

Renewable Energy

Find latest News, Industry Updates, Markets, Finance, Policies and Regulations, Tenders

Renewable Energy Tariff Orders, 2018

  • / /

HIGHLIGHTS

 

Tariff Period

Technology

No. of Years

Wind, Solar PV

25

Biomass and Bagasse based co-generation

20

 

Control Period

Technology

No. of Years

Wind

2 years from 13 April 2018

Solar PV

1 year from 28 March 2018

Biomass based generation

2 years from 28 March 2018

Bagasse based co-generation

2 years from 1 April 2018

 

Useful Life of a Plant

Technology

No. of Years

Wind and Solar

25

Biomass and Bagasse based co-generation

20

 

Technology-wise Tariff

Technology

Net Tariff (Rs./kWh)

Wind

2.80

Solar PV

3.05

Biomass (1st year)

5.89

Biomass (2nd year)

6.11

Bagasse based co-generation (1st year)

5.36

Bagasse based co-generation (2nd year)

5.53

 

Capacity Utilization Factor (CUF)/Plant Load Factor (PLF)

Technology

CUF/ PLF(%)

Wind

29.15

Solar PV

19.00

Biomass

80.00

Bagasse based co-generation

55.00

 

Auxiliary Consumption

Technology

Aux. Cons. (%)

Biomass

10.00

Bagasse based co-generation

8.50

 

Capital Cost

Technology

Capital Cost (in Rs. lakh/MW)

Wind

525.00

Solar PV

350.00

Biomass

550.00

Bagasse based co-generation

520.00

 

Operation and Maintenance (O&M) Expenses

Technology

O&M Expenses

Wind

1.1% on 85% of capital cost and 0.22% on balance 15% of capital cost with escalation of 5% per annum.

Solar PV

1.4% of capital cost with 5.72% escalation per annum.

Biomass

5% on 85% of capital cost and

0.9% on balance 15% of capital cost with 5.72% escalation per annum. 

Bagasse based co-generation

Rs.22.34 lakh/MW with 5.72% escalation per annum. 

 

Interest Rate on Loan

9.95%

Depreciation

Technology

Depreciation

Wind

3.6% of capital cost.

Solar PV

3.6% on 95% of capital cost.

Biomass and Bagasse co-generation

4.5% on 85% of capital cost.

 

Return on Equity

Pre-tax @ 17.56% per annum. 

Interest on Working Capital

10.95%

Station Heat Rate (SHR)

Technology

SHR (kCal/kWh)

Biomass

3840

Bagasse based co-generation

3240

 

Gross Calorific Value (GCV)

Technology

GCV (kCal/kg)

Biomass

3200

Bagasse based co-generation

2300

 

Specific Fuel Consumption (SFC)

Technology

SFC (kg/kWh)

Biomass

1.20

Bagasse based co-generation

1.41

 

 

OTHER PROVISIONS

 

Tariff Structure and Design

Technology

Tariff Structure

Wind and solar

Single part, levelised tariff

Biomass and bagasse co-generation

Two part tariff

 

Merit Order Despatch Principle

--

Subsidy or/and Incentives by Government  

--

Rebate

Technology

Rebate

Biomass

1% for payment within 1 month of presentation of bills.

Bagasse based co-generation

 

Late Payment Interest

Technology

Interest

Wind

1% per month for payment made beyond 60 days of presentation of bills.

Solar PV

Biomass

Bagasse based co-generation

 

Banking of Power

  • New wind energy generating machines in the normal category or under REC schemes are eligible for banking energy for a period of one month.
  • Price of unutilized banked energy will be 75% of wind energy tariff for normal captive users.
  • Price of unutilized banked energy will be 75% of pooled cost of power purchase under REC schemes.

  • No banking for third party sale.

Transmission, Wheeling, Scheduling and System Operation charges and losses

Technology

Charges (% of charges applicable to conventional power)

Wind

50

Solar PV

40

Biomass

60

Bagasse based co-generation

70

  • For projects registered under REC scheme, charges will be equal to that applied to conventional power.
  • Generators will have to bear actual losses in kind.  

Cross Subsidy Surcharge

Technology

Charges (% of charges applicable to conventional power)

Wind, solar PV, biomass and bagasse based co-generation

60

 

Metering

As per following regulations: –

  • Central Electricity Authority (Installation and Operation of Meters) Regulations.
  • Tamil Nadu Electricity Distribution and Supply Codes.
  • Tamil Nadu Electricity Grid Code.
  • Tamil Nadu Electricity Regulatory Commission Grid-connectivity and Intra-state Open Access Regulations, 2014.
  • Tamil Nadu Electricity Regulatory Commission Intra-state Open Access Regulations, 2005 (Bagasse based co-generation). 

Links

http://www.tnerc.gov.in/ 

References

http://www.tnerc.gov.in/ 



About Portal

'All About Renewables' aims to bring about a change in the way we 'look and search' for data on renewables today, by providing access to the latest developments in the renewable energy sector (specifically renewable electricity), along with cross-linkages to the conventional energy sector, all on one single platform... Read More

Contact

Plot No.44, Hindustan Estates,
Kalyani Nagar, Pune 411 006, India

+91 20 26613855
+91 20 26613832