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Core Purpose

Notification by the Central Electricity Regulatory Commission specifying monthly escalation rates for payment for procurement of power by distribution licensees for September 2024.

Detailed Summary

Central Electricity Regulatory Commission (CERC) notification No. Eco-M09/2024-CERC dated 30 September 2024, issued 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), MOP communication to CERC dated 13.04.2022, and MOP 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 (Coal) Transparently in India) Policy dated 6.03.2019, notifies the monthly escalation rates applicable for September 2024 for payment under Power Purchase Agreements: escalation rate for imported coal 0.24%, escalation rate for transportation of imported coal -2.15%, and escalation rate for inland handling of imported coal 0.61%. Signed by Harpreet Singh Pruthi, Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-21102024-258110 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 829] NEW DELHI, FRIDAY, OCTOBER 18, 2024/ASVINA 26, 1946 CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 30th September, 2024 No. Eco-M09/2024-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 September 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. | Description | Monthly Escalation Rates | | No. | | for Payment | +=====+=============================================+=============================+ | 1 | Escalation rate for imported coal | 0.24% | +-----+---------------------------------------------+-----------------------------+ | 2 | Escalation rate for transportation of | -2.15% | | | imported coal | | +-----+---------------------------------------------+-----------------------------+ | 3 | Escalation rate for inland handling of | 0.61% | | | imported coal | | +-----+---------------------------------------------+-----------------------------+ HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./598/2024-25] 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.

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