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Core Purpose

Notification by the Central Electricity Regulatory Commission notifying monthly escalation rates for August 2024 for payment under Power Purchase Agreements involving imported coal.

Detailed Summary

The Central Electricity Regulatory Commission (CERC) issued Notification No. Eco-M08/2024-CERC dated 30th August 2024, 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 19th January 2005 (as amended), the Ministry of Power's communication to CERC dated 13th April 2022, and the Ministry of Power's Resolution dated 11th July 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,' including coal allocation under B(I), B(III) and B(IV) of the SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) Policy dated 6th March 2019; CERC notified the monthly escalation rates applicable for August 2024 for payment for procurement of power by distribution licensees under Power Purchase Agreements: -2.67% for imported coal, 3.43% for transportation of imported coal, and 0.38% for inland handling of imported coal; signed by Harpreet Singh Pruthi, Secretary, under ADVT.-III/4/Exty./498/2024-25.

Full Text

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