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Core Purpose

Notification by the Central Electricity Regulatory Commission fixing annual escalation rates and discount rates for evaluating bids under the Round-The-Clock renewable power procurement guidelines.

Detailed Summary

The Central Electricity Regulatory Commission, via notification No. Eco-E/2024-CERC dated 19th April 2024, issued in pursuance of paragraphs 5.1 and 6.4 of the Ministry of Power's Resolution dated 22.07.2020 on "Guidelines for Tariff Based Competitive Bidding Process for Procurement of Round-The-Clock Power from Grid Connected Renewable Energy Power Projects, complemented with Power from Coal Based Thermal Power Projects" as amended on 03.11.2020, notifies annual escalation rates and other parameters for bid evaluation applicable to bids opening up to 31.03.2025, including a 3.59% escalation rate for domestic coal, 2.66% for domestic gas, tiered inland coal transportation escalation rates ranging from 11.56% (up to 125 km) down to 3.87% (beyond 2000 km), 3.05% for imported coal, -3.97% for imported gas, -6.53% for transportation of both imported coal and imported gas, and a 9.25% discount rate for bid evaluation; the notification is issued under ADVT.-III/4/Exty./133/2024-25 and signed by Harpreet Singh Pruthi, Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-18052024-254248 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 364] NEW DELHI, FRIDAY, MAY 17, 2024/VAISAKHA 27, 1946 3090 GI/2024 (1) CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 19th April, 2024 No. Eco-E/2024-CERC.—In pursuance of paragraph 5.1 and paragraph 6.4 of the Ministry of Power's Resolution dated 22.07.2020 on "Guidelines for Tariff Based Competitive Bidding Process for Procurement of Round-The-Clock Power from Grid Connected Renewable Energy Power Projects, complemented with Power from Coal Based Thermal Power Projects" read with amendment dated 03.11.2020, the Central Electricity Regulatory Commission notifies the following rates and other parameters for the purpose of bid evaluation. I: Annual Escalation Rates for Bid Evaluation (for bid opening up to 31.03.2025) +-----+-------------------------------------------------------+-----------------------------------+ | Sr. | Description | Annual Escalation Rates for Bid | | No. | | Evaluation (%) | +=====+=======================================================+===================================+ | 1 | Escalation rate for domestic coal | 3.59 | +-----+-------------------------------------------------------+-----------------------------------+ | 2 | Escalation rate for domestic gas | 2.66 | +-----+-------------------------------------------------------+-----------------------------------+ | 3 | Escalation rate for inland transportation charges for | coal | +-----+-------------------------------------------------------+-----------------------------------+ | 3.1 | Up to 125 Km distance | 11.56 | +-----+-------------------------------------------------------+-----------------------------------+ | 3.2 | Up to 500 Km distance | 7.22 | +-----+-------------------------------------------------------+-----------------------------------+ | 3.3 | Up to 1000 Km distance | 6.44 | +-----+-------------------------------------------------------+-----------------------------------+ | 3.4 | Up to 2000 Km distance | 4.39 | +-----+-------------------------------------------------------+-----------------------------------+ | 3.5 | Beyond 2000 Km distance | 3.87 | +-----+-------------------------------------------------------+-----------------------------------+ | 4 | Escalation rate for inland transportation charges for | gas | +-----+-------------------------------------------------------+-----------------------------------+ | 5 | Escalation rate for imported coal | 3.05 | +-----+-------------------------------------------------------+-----------------------------------+ | 6 | Escalation rate for imported gas | (-)3.97 | +-----+-------------------------------------------------------+-----------------------------------+ | 7 | Escalation rate for transportation of imported coal | (-)6.53 | +-----+-------------------------------------------------------+-----------------------------------+ | 8 | Escalation rate for transportation of imported gas | (-)6.53 | +-----+-------------------------------------------------------+-----------------------------------+ | 9 | Discount rate to be used for bid evaluation | 9.25 | +-----+-------------------------------------------------------+-----------------------------------+ HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./133/2024-25] 5Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. MANOJ Digitally signed by MANOJ KUMAR VERMA KUMAR VERMA Date: 2024.05.18 16:52:11 +05'30'

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