Gazette Tracker
Gazette Tracker

Core Purpose

Notification by the Central Electricity Regulatory Commission of monthly escalation rates for January 2024 applicable to payments for procurement of power by Distribution Licensees under Power Purchase Agreements entered pursuant to the SHAKTI coal-linkage bidding guidelines.

Detailed Summary

Under No. Eco-M01/2024-CERC dated 28th January 2024, the Central Electricity Regulatory Commission (CERC), acting in pursuance of Clause 5.6(vi) of the Ministry of Power's Notification on "Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees" dated 19.01.2005 as amended, the Ministry of Power's communication to CERC dated 13.04.2022, and the Ministry of Power's Resolution dated 11.07.2022 amending the guidelines for long-term procurement of electricity from thermal power stations under the SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India) Policy dated 6.03.2019, notified the monthly escalation rates applicable for January 2024 for payment under Power Purchase Agreements: an escalation rate of (-)2.08% for imported coal, (-)10.33% for transportation of imported coal, and 0.53% for inland handling of imported coal; the notification is signed by Harpreet Singh Pruthi, Secretary, under ADVT.-III/4/Exty./738/2023-24.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-07022024-251923 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 85] NEW DELHI, WEDNESDAY, FEBRUARY 7, 2024/MAGHA 18, 1945 853 GI/2024 CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 28th January, 2024 No. Eco-M01/2024-CERC.—In pursuance of Clause 5.6 (vi) of the Ministry of Power (MOP) Notification on "Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees” dated 19.01.2005 as amended from time to time, MOP communication to the Central Electricity Regulatory Commission (CERC) dated 13.04.2022, and MOP Resolution dated 11.07.2022 on an amendment to the "Guidelines for long term Procurement of Electricity from Thermal Power Stations set up on Design, Build, Finance, Own and Operate (DBFOO) basis and sourcing fuel as provided under Model Bidding Documents including allocation of coal under B (I), B(III) and B(IV) of SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India) Policy" dated 6.03.2019, the CERC notifies the following escalation rates for the purposeof payment. Monthly Escalation Rates applicable for January 2024 for the purpose of payment for Procurement of Power by Distribution Licensees as per the Power Purchase Agreement entered into under the Guidelines mentioned above: +--------+------------------------------------------+-----------------------------------+ | Sr. No. | Description | Monthly EscalationRates for Payment | +========+==========================================+===================================+ | 1 | Escalation rate for imported coal | (-)2.08% | +--------+------------------------------------------+-----------------------------------+ | 2 | Escalation rate for transportation of imported coal | (-)10.33% | +--------+------------------------------------------+-----------------------------------+ | 3 | Escalation rate for inland handling of imported coal | 0.53% | +--------+------------------------------------------+-----------------------------------+ HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./738/2023-24] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Never miss important gazettes

Create a free account to save gazettes, add notes, and get email alerts for keywords you care about.

Sign Up Free