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Core Purpose

Notification by the Central Electricity Regulatory Commission specifying monthly escalation rates for March 2024 for payments under Power Purchase Agreements for procurement of power by distribution licensees.

Detailed Summary

By Notification No. Eco-M03/2024-CERC dated 24th March 2024, the Central Electricity Regulatory Commission (CERC), acting pursuant to Clause 5.6(vi) of the Ministry of Power's (MOP) notification on "Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees" dated 19.01.2005 as amended, MOP's communication to CERC dated 13.04.2022, and MOP's Resolution dated 11.07.2022 amending the guidelines for long-term procurement of electricity from thermal power stations set up on a Design, Build, Finance, Own and Operate (DBFOO) basis sourcing fuel under the SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) Policy dated 6.03.2019, notified the monthly escalation rates applicable for March 2024 for payment under Power Purchase Agreements: escalation rate for imported coal of (-)0.56%, escalation rate for transportation of imported coal of 5.19%, and escalation rate for inland handling of imported coal of (-)0.61%; issued under file number ADVT.-III/4/Exty./037/2024-25 and signed by Harpreet Singh Pruthi, Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-18042024-253744 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 268] NEW DELHI, TUESEDAY, APRIL 16, 2024/CHAITRA 27, 1946 CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 24th March, 2024 No. Eco-M03/2024-CERC.—In pursuance of Clause 5.6 (vi) of 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 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 purpose of payment. Monthly Escalation Rates applicable for March 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: +-------+---------------------------------------------+-----------------------------+ | Sl. | Description | Monthly Escalation | | No. | | Rates for Payment | +=======+=============================================+=============================+ | 1 | Escalation rate for imported coal | (-)0.56% | +-------+---------------------------------------------+-----------------------------+ | 2 | Escalation rate for transportation of imported coal | 5.19% | +-------+---------------------------------------------+-----------------------------+ | 3 | Escalation rate for inland handling of imported coal | (-)0.61% | +-------+---------------------------------------------+-----------------------------+ HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./037/2024-25]

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