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HIGHLIGHTS |
| Control Period | 5 years from FY 2015-16 | |
| Tariff Period | Technology | No. of Years |
| Small hydro below 5 MW | 35 | |
| Solar PV and solar thermal | 25 | |
| Biomass gasifier and biogas | 20 | |
| Wind, small hydro (5 MW to 25 MW), biomass based on Rankine cycle, non-fossil fuel based cogeneration | 13 | |
|
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| Useful Life of a Plant | Technology | No. of Years |
| Small hydro | 35 | |
| Wind, solar PV, solar thermal | 25 | |
| Biomass based on Rankine cycle, biomass gasifier, biogas, non-fossil fuel based cogeneration | 20 | |
| Technologywise Net Tariff | Technology | Net Tariff (Rs.lakh/MW for FY 2015-16) |
| Wind | 5.88 | |
| Small hydro below 5 MW (Benefit is computed) | 4.00 | |
| Small hydro 5 MW to 25 MW | 3.66 | |
| Biomass based on Rankine cycle technology | 10.37 | |
| Non-fossil fuel based cogeneration | 7.54 | |
| Solar PV | 6.27 | |
| Solar thermal | 10.81 | |
| Biomass gasifier | 8.48 | |
| Biogas | 9.35 | |
| Capital Cost | Technology | Capital Cost (Rs.lakh/MW for FY 2015-16) |
| Wind | 619.522 | |
| Small hydro below 5 MW | 850.000 | |
| Small hydro (5 MW to 25 MW) | 775.000 | |
| Biomass based on Rankine cycle (For rice straw and juliflora (plantation) with water-cooled condenser) | 610.437 | |
| Non-fossil fuel based cogeneration | 452.479 | |
| Solar PV | 600.000 | |
| Rooftop solar PV | 630.000 | |
| Solar thermal | 1200.00 | |
| Biomass gasifier | 592.532 | |
| Biogas | 1185.064 | |
| ||
| Operation and Maintenance Expenses (O&M) | Technology | O&M Cost (Rs.lakh/MW for FY 2015-16) |
| Wind | 10.63 | |
| Small hydro below 5 MW | 30.00 | |
| Small hydro (5 MW to 25 MW) | 21.60 | |
| Biomass based on Rankine cycle (For rice straw and juliflora (plantation) with water-cooled condenser) | 44.71 | |
| Non-fossil fuel based cogeneration | 18.91 | |
| Solar PV | 13.25 | |
| Solar thermal | 18.00 | |
| Biomass gasifier | 47.26 | |
| Biogas | 47.26 | |
| Escalation at the rate of 5.72% per annum. | ||
| Interest Rate on Loans | Average State Bank of India base rate prevalent during first six months of the previous year plus 300 basis points. | |
| Depreciation | 5.83% for first 12 years, and remaining depreciation spread over residual useful life of the project. | |
| Return on Equity |
| |
| Interest on Working Capital | Average State Bank of India base rate prevalent during first six months of the previous year plus 350 basis points | |
OTHER PROVISIONS |
| Tariff structure and design | Single part levellised tariff with two components for biomass and cogeneration technologies, and with fixed cost components for other technologies. |
| Merit Order Despatch Principle | Not available-- |
| Subsidy or/and Incentives by state/central government | Any incentive or subsidy provided by the central or stategovt., including accelerated depreciation benefit, would be taken into consideration while determining tariff. |
| Rebate | Not available |
| Late payment surcharge | Not available |
| Links | http://terc.nic.in/rules_regulation.htm |
| References | http://terc.nic.in/pdf/RE__MY_Tariff_2015.pdf |
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