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Core Purpose

Notification by the Central Electricity Regulatory Commission of monthly escalation rates for July 2023 for payment under Power Purchase Agreements involving imported coal under the SHAKTI policy.

Detailed Summary

The Central Electricity Regulatory Commission (CERC), via Notification No. Eco-M07/2023-CERC dated 20th July 2023, in pursuance of Clause 5.6(vi) of the Ministry of Power's "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 set up on Design, Build, Finance, Own and Operate (DBFOO) basis" under the SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) Policy dated 06.03.2019, notified the following monthly escalation rates applicable for July 2023 for payment under Power Purchase Agreements: (-)18.05% for imported coal, 1.91% for transportation of imported coal, and 0.29% for inland handling of imported coal; the notification is signed by Harpreet Singh Pruthi, Secretary, CERC [ADVT.-III/4/Exty./337/2023-24].

Full Text

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