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Core Purpose

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

Detailed Summary

The Central Electricity Regulatory Commission (CERC), vide No. Eco-M04/2024-CERC dated 22nd April 2024, notifies monthly escalation rates applicable for April 2024 for payment under Power Purchase Agreements entered into pursuant to 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), 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 with fuel sourced under the SHAKTI Policy dated 6.03.2019; the notified rates are 1.88% for imported coal, -0.55% for transportation of imported coal, and -0.22% for inland handling of imported coal, signed by Harpreet Singh Pruthi, Secretary [ADVT.-III/4/Exty./134/2024-25].

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-20052024-254258 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 366] NEW DELHI, FRIDAY, MAY 17, 2024/VAISAKHA 27, 1946 CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 22nd April, 2024 No. Eco-M04/2024-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 purpose of payment. Monthly Escalation Rates applicable for April 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 Escalation Rates for Payment | +=======+=============================================+====================================+ | 1 | Escalation rate for imported coal | 1.88% | +-------+---------------------------------------------+------------------------------------+ | 2 | Escalation rate for transportation of imported coal | -0.55% | +-------+---------------------------------------------+------------------------------------+ | 3 | Escalation rate for inland handling of imported coal | -0.22% | +-------+---------------------------------------------+------------------------------------+ Harpreet Singh Pruthi, Secy. [ADVT.-III/4/Exty./134/2024-25] 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. SARVESH KUMAR SRIVASTAVA Digitally signed by SARVESH KUMAR SRIVASTAVA Date: 2024.05.20 16:07:22 +0530

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