Full Text
REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-22072024-255513
EXTRAORDINARY
PART III—Section 4
PUBLISHED BY AUTHORITY
No. 530]
NEW DELHI, TUESDAY, JULY 16, 2024/ASHADHA 25, 1946
4299 GI/2024
CENTRAL ELECTRICITY REGULATORY COMMISSION
NOTIFICATION
New Delhi, the 12th June, 2024
No. RA-14026(11)/1/2023-CERC.—In exercise of powers conferred under Section 61 read with sub-clause
(s) of Clause (2) of Section 178 of the Electricity Act, 2003 (36 of 2003), and all other powers enabling it in this
behalf, and after previous publication, the Central Electricity Regulatory Commission hereby makes the following
regulations:
1. Short title and commencement
1) These regulations may be called the Central Electricity Regulatory Commission (Terms and Conditions for
Tariff determination from Renewable Energy Sources) Regulations, 2024.
2) These regulations shall come into force on 01.07.2024, and, unless reviewed earlier or extended by the
Commission, shall remain in force up to 31.03.2027.
2. Definitions and Interpretation
1) In these regulations, unless the context otherwise requires,
a) 'Act' means the Electricity Act, 2003 (36 of 2003);
b) 'Auxiliary energy consumption' or 'AUX' in relation to a period in the case of a generating station
means the quantum of energy consumed by auxiliary equipment of the generating station and
transformer losses within the generating station expressed as a percentage of the sum of gross energy
generated at the generator terminals of all the units of the generating station;
c) 'Biomass' means wastes produced during agricultural and forestry operations (for example, straws and
stalks) or produced as a by-product of processing operations of agricultural produce (e.g., husks, shells,
de-oiled cakes); wood produced in dedicated energy plantations or recovered from wild bushes or
weeds; and the wood waste produced in some industrial operations; including such other wastes as may
be recognised by the Central Government, as being part of biomass;
d) 'Biomass gasification' means the process of incomplete combustion of biomass resulting in the
production of combustible gases consisting of a mixture of carbon monoxide (CO), hydrogen (H2) and
traces of methane (CH4);
e) 'Biogas' means a gas produced when organic matter like crop residues, sewage, and manure breaks
down (ferments) in an oxygen-free environment;
f) 'Capital cost' means the capital cost of a project as referred to in Regulations 12, 24, 27, 31, 39, 46, 50,
56, 62, 67, and 71;
g) 'Commission' means the Central Electricity Regulatory Commission referred to in sub-section (1) of
section 76 of the Act;
h) 'Conduct of Business Regulations' means the Central Electricity Regulatory Commission (Conduct of
Business) Regulations, 2023, or any subsequent re-enactment thereof;
i) 'Control Period' means the period during which the norms for determination of tariff specified in these
regulations shall remain valid;
j) 'Floating solar project' or 'FPV” means a solar PV power project where the arrays of photovoltaic
panels on the structure of the project float on top of a body of water, such as an artificial basin or lake,
with the help of a floater, anchoring, and mooring system;
k) 'Grid Code' means the Central Electricity Regulatory Commission (Indian Electricity Grid Code)
Regulations, 2023, as amended from time to time or any subsequent re-enactment thereof;
l) 'Gross calorific value' or 'GCV” in relation to a fuel used in a generating station means the heat
produced in kCal by the complete combustion of one kilogram of solid fuel, or one litre of liquid fuel or
one standard cubic metre of gaseous fuel, as the case may be;
m) 'Gross station heat rate' or ‘Gross SHR' means the heat energy input in kCal required to generate one
kWh of electrical energy at the generator terminals of a generating station;
n) 'Installed capacity' or 'IC' means the summation of the nameplate capacities of all the units of the
generating station or the capacity of the generating station (reckoned at the generator terminals). In the
case of Solar PV power projects and Floating solar projects, installed capacity shall be the sum of
nameplate capacities (Nominal AC power) of the inverters of the project;
o) 'Inter-connection point' shall mean the interface point of renewable energy generating facility with the
transmission system or distribution system, where the energy is injected, as the case may be, and
include:
i. in relation to wind power projects, solar PV power projects, renewable hybrid energy projects and
renewable energy with storage Projects, line isolator on outgoing feeder on HV side of the pooling
sub-station; and
ii. in relation to small hydro projects, biomass gasifier based power projects, non-fossil fuel based co-
generation projects and solar thermal power projects, line isolator on the outgoing feeder on the
HV side of the generator transformer.
p) 'MNRE' means the Ministry of New and Renewable Energy of the Government of India;
q) 'Municipal solid waste' or 'MSW' means and includes commercial and residential wastes generated in
a municipal or notified area in either solid or semi-solid form and excludes industrial hazardous wastes
but includes treated bio-medical wastes;
r) 'Non-fossil fuel based co-generation project' means a generating station that uses the process in
which more than one form of energy (such as steam and electricity) is produced in a sequential manner
by use of biomass;
s) 'Operation and Maintenance expenses' or ‘O&M expenses' means the expenditure incurred on
operation and maintenance of the project, or part thereof, and includes the expenditure on manpower,
repairs, spares, consumables, insurance and overheads;
t) 'Project' means a generating station or an evacuation system up to an inter-connection point, as the case
may be, and in the case of a small hydro project, includes all components of the generating facility such
as a dam, intake water conductor system, power generating station and generating units of the scheme,
as apportioned to power generation;
u) 'Pumped storage hydro project' means a hydropower project which generates power through water
stored as potential energy, pumped from a lower elevation reservoir to a higher elevation reservoir;
v) 'Refuse derived fuel' or 'RDF' means a segregated combustible fraction of solid waste other than
chlorinated plastics in the form of pellets or fluff produced by drying, de-stoning, shredding,
dehydrating, and compacting combustible components of solid waste that can be used as fuel;
w) 'Renewable energy' or ‘RE' means the electricity generated from renewable energy sources;
x) 'Renewable energy project' means a generating station that produces electricity from renewable
energy sources;
y) 'Renewable energy source' means and includes sources of renewable energy such as hydro, wind, and
solar, including its integration with combined cycle, biomass, biofuel cogeneration, urban or municipal
waste, and such other sources as recognised or approved by the Central Government ;
z) 'Renewable energy with storage project' means a combination of renewable energy projects with
storage or a combination of renewable hybrid energy projects with storage at the same inter-connection
point;
aa) 'Renewable hybrid energy project' means a renewable energy project that produces electricity from a
combination of renewable energy sources connected at the same inter-connection point;
bb) 'Small hydro project' means a hydropower project with an installed capacity up to and including 25
MW or, as defined by the Government of India, from time to time at a single location;
cc) 'Solar PV power project' means a project that uses sunlight for direct conversion into electricity
through photovoltaic technology and is based on technologies such as crystalline silicon, thin film, or
any other technology as approved by MNRE;
dd) 'Solar thermal power project' means a project that uses sunlight for direct conversion into electricity
through concentrated solar power technology and is based on line focus or point focus principle;
ee) 'State Nodal Agency' means the agency in a State as may be designated by the Ministry of New and
Renewable Energy to promote efficient use of renewable energy in that State;
ff) 'Storage' means an energy storage system utilizing methods and technologies like solid state batteries,
flow batteries, pumped storage, compressed air, fuel cells, hydrogen storage or any other technology to
store various forms of energy and to deliver the stored energy in the form of electricity;
gg) 'Tariff period' for renewable energy projects will be the same as their Useful Life, and the tariff period
shall be considered from the date of commercial operation of such power projects.
hh) 'Useful Life' in relation to the project, including a dedicated evacuation system, from the date of
commercial operation of such project, shall mean the following: -
i Wind power project 25 years
ii Biomass power project with Rankine cycle technology 25 years
iii Non-fossil fuel based co-generation project 25 years
iv Small hydro Project 40 years
V Municipal solid waste based power project/Refuse derived 20 years
fuel based power project
vi Solar PV power project/ floating solar project/Solar 25 years
thermal power project
vii Biomass gasifier based power project 25 years
viii Biogas based power project 25 years
ix Renewable hybrid energy project Minimum of the Useful Life of different
RE technologies combined for
Renewable Hybrid Energy Project for
Composite Tariff as specified under
Regulation 70.
X Renewable energy with storage project Same as the Useful Life of the project,
assuming that there is no storage
ii) 'Year' means a financial year.
2) Save as aforesaid and unless repugnant to the context or if the subject matter otherwise requires, words and
expressions used in these regulations and not defined, but defined in the Act, or the Grid Code or the Central
Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2024, as amended from
time to time shall have the meanings assigned to them respectively in the Act, or the Grid Code or the Central
Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2024, as amended from
time to time.
3. Scope and extent of application
These regulations shall apply to cases where the tariff, for a grid connected generating station or a unit thereof
commissioned during the Control Period and based on renewable energy sources is to be determined by the
Commission under Section 62 read with Section 79 of the Act:
Provided that in cases of wind power projects, small hydro projects, biomass power projects with Rankine cycle
technology, non-fossil fuel based co-generation projects, solar PV power projects, floating solar projects, solar
thermal power projects, renewable hybrid energy projects, renewable energy with storage projects, biomass
gasifier based power projects, biogas based power projects, municipal solid waste based power projects, and
refuse derived fuel based municipal solid waste power projects, these regulations shall apply subject to the
fulfilment of eligibility criteria specified in Regulation 4 of these Regulations.
4. Eligibility Criteria
a) Wind power project – The project that uses new wind turbine generators and is located at sites, on-shore or
off-shore, approved by the State Nodal Agency or Appropriate Government.
b) Small hydro project – The project that uses new plant and machinery and is located at sites approved by the
State Nodal Agency or Appropriate Government.
c) Biomass power project with Rankine cycle technology – The project that uses new plant and machinery, is
based on Rankine cycle technology and does not use any fossil fuel.
d) Non-fossil fuel based co-generation project – The project that uses new plant and machinery and is based on
the topping cycle mode of co-generation.
Topping cycle mode of co-generation – Any facility that uses non-fossil fuel input for power
generation and also utilizes the thermal energy generated for useful heat applications in other
industrial activities simultaneously:
Provided that for the co-generation facility to qualify under topping cycle mode, the sum of useful
power output and one-half the useful thermal output be greater than 45% of the facility's energy
consumption during crushing season. Explanation- For the purposes of this clause,
(a) 'Useful power output' is the gross electrical output from the generator. There will be an auxiliary
consumption in the cogeneration plant itself (e.g. the boiler feed pump and the FD/ID fans). In
order to compute the net power output, it would be necessary to subtract the auxiliary consumption
from the gross output. For simplicity of calculation, the useful power output is defined as the gross
electricity (kWh) output from the generator.
(b) 'Useful Thermal Output' is the useful heat (steam) that is provided to the process by the
cogeneration facility.
(c) 'Energy Consumption' of the facility is the useful energy input that is supplied by the fuel
(normally bagasse or other such biomass).
(d) 'Topping Cycle' means a co-generation process in which thermal energy produces electricity,
followed by useful heat application.
e) Solar PV power project, floating solar project and solar thermal power project – The project is based on
technologies approved by MNRE.
Provided that floating solar projects installed with existing renewable energy projects other than ground
mounted Solar PV projects shall be treated as renewable hybrid energy projects.
f) Renewable hybrid energy project – The rated capacity of generation from one renewable energy source is at
least 33% of the total installed capacity of the renewable hybrid energy project, which operates at the same
point of interconnection: Provided that energy is injected into the grid at the same interconnection point and
metering is done at such a common interconnection point accordingly.
g) Biomass gasifier based power project – The project uses a new plant and machinery and has a grid connected
system that uses a 100% producer gas engine, coupled with gasifier technologies approved by MNRE.
h) Biogas based power project – The project uses new plant and machinery and has a grid connected system that
uses a100% biogas fired engine, coupled with biogas technology for co-digesting agriculture residues,
manure and other bio-waste as approved by MNRE.
i) Municipal solid waste based power projects – The project uses new plant and machinery based on Rankine
cycle technology and uses municipal solid waste as fuel.
j) Refuse derived fuel based municipal solid waste power projects – The project uses new plant and machinery
based on Rankine cycle technology and uses refuse derived fuel as fuel.
k) Renewable energy with storage project – The renewable energy project including a renewable hybrid energy
project that uses, partly or fully, renewable energy generated from such project to store energy in a storage
facility, which is connected at the same point of interconnection as the renewable energy project.
Chapter 1: General Principles
5. Control Period
The Control Period under these Regulations shall be from 01.07.2024 to 31.03.2027:
Provided that the tariff determined as per these regulations for the RE projects commissioned during the Control
Period shall remain valid for the tariff period;
Provided further that the tariff norms specified in these regulations shall continue to remain applicable subject to
such conditions as may be stipulated by the Commission, until notification of the revised norms through
subsequent re-enactment of these regulations.
6. Generic Tariff
The generic tariff shall be determined by the Commission on an annual basis in accordance with these
Regulations for the following types of renewable energy projects:
a) Small hydro project;
b) Biomass power project with Rankine cycle technology;
c) Non-fossil fuel based co-generation project;
d) Biomass gasifier based power project; and
e) Biogas based power project
f) Refuse Derived Fuel based Municipal Solid Waste power projects;
Provided that the generic tariff determined for the year in which an RE project is commissioned shall be
applicable for such RE Project of the same type and shall remain valid for the tariff period.
7. Project Specific tariff
a) Project specific tariff, on a case to case basis, shall be determined by the Commission for the following types of
renewable energy projects:
i. Solar PV power projects, floating solar projects and solar thermal power projects;
ii. Wind power projects (both on-shore and off-shore);
iii. Biomass Projects, Biomass gasifier based power projects, and biogas based power projects if a
project developer opts for project specific tariff;
iv. Municipal solid waste based power projects and refuse derived fuel based municipal solid waste power
projects – if a project developer opts for project specific tariff;
V. Renewable hybrid energy projects;
vi. Renewable energy with storage projects; and
vii. Any other project based on new renewable energy sources or technologies approved by the Central
Government.
b) Financial and operational norms specified in these regulations, except for capital cost, shall be the ceiling
norms while determining the project specific tariff.
8. Petition and proceedings for determination of tariff
(1) In case of renewable energy projects for which a generic tariff has to be determined as per these regulations, the
Commission shall determine such generic tariff prior to the commencement of the year for each year of the
Control Period:
Provided that for the first year of the Control Period, i.e., from 01.07.2024 to 31.03.2025, the generic tariff shall
be determined upon issuance of these regulations.
(2) A petition for determination of project specific tariff shall be accompanied by such fee as may be specified in the
Central Electricity Regulatory Commission (Payment of Fees) Regulations, 2012, as amended from time to time
or any subsequent re-enactment thereof, and shall be accompanied by:
a) Information in forms 1.1, 1.2, 2.1, 2.2 and 2.3, as the case may be, as appended to these regulations;
b) Detailed project report outlining technical and operational details, site specific aspects, basis for capital cost,
detailed break-up of capital cost and financing plan;
c) A statement of all applicable terms and conditions and anticipated expenditure for the period for which tariff
is to be determined;
d) A statement containing details of the calculation of any grant, subsidy, or incentive received, due or assumed
to be due, from the Central Government or State Government or both. This statement shall also include the
proposed tariff calculated without such subsidy or incentive;
e) Consent from the beneficiary for procurement of power from renewable energy project, unless such
requirement has been exempted by the Central or State Government ; and
f) Following documents in case of a petition for determination of project specific tariff by renewable energy
projects, where tariff from such renewable energy sources is generally determined through a competitive
bidding process in accordance with provisions of Section 63 of the Act:
i. Rationale for opting project specific tariff instead of competitive bidding; and
ii. Competitiveness of the proposed tariff vis-à-vis tariff discovered through competitive bidding/ tariff
prevalent in the market.
g) Any other information directed by the Commission.
(3) The proceedings for determination of tariff shall be in accordance with the provisions of the Conduct of Business
Regulations.
9. Tariff Structure
The tariff for renewable energy sources shall consist of the following components:
(a) Return on equity;
(b) Interest on loan;
(c) Depreciation;
(d) Interest on working capital; and
(e) Operation and Maintenance expenses;
Provided that for renewable energy projects having fuel cost component, like biomass power projects with
rankine cycle technology, biomass gasifier based power projects, biogas based power projects and non-fossil fuel
based co-generation projects, single part tariff with two components, fixed cost component and fuel cost
component, shall be determined.
10. Tariff Design
(1) The generic tariff shall be determined, on a levelized basis, considering the year of commissioning of the project,
for the tariff period of the project:
Provided that for renewable energy projects having a single part tariff with two components, the fixed cost
component shall be determined on a levelized basis considering the year of commissioning of the project while
the fuel cost component shall be determined on a year of operation basis in the Tariff Order to be issued by the
Commission.
(2) For the purpose of levelized tariff computation, a discount factor equivalent to the post-tax weighted average cost
of capital shall be considered.
(3) The above principles shall also apply for project specific tariffs.
11. Treatment for Over-Generation
In case a renewable energy project, in a given year, generates energy in excess of the capacity utilization factor
or plant load factor, as the case may be specified under these Regulations, the renewable energy project may sell
such excess energy in the market under bilateral or collective transactions, provided that the first right of refusal
for such excess energy shall vest with the concerned beneficiary. In case the concerned beneficiary purchases the
excess energy, the tariff for such excess energy shall be equal to the tariff applicable for that year.
Chapter 2: Financial Principles
12. Capital Cost
Norms for capital cost, as specified in relevant chapters of these regulations, shall be inclusive of land cost, pre-
development expenses, all capital work including plant & machinery, civil work, erection, commissioning,
financing cost, interest during construction and evacuation infrastructure up to an inter-connection point.
13. Debt Equity Ratio
(1) For determination of generic tariff and project specific tariff, the debt-equity ratio shall be considered as 70:30:
Provided that:
i. The project specific tariffs, where the equity actually deployed is more than 30% of the capital cost,
equity in excess of 30% shall be treated as a normative loan;
ii. The project specific tariffs where equity actually deployed is less than 30% of the capital cost,
the actual equity shall be considered for determination of tariff;
iii. The equity invested in foreign currency shall be designated in Indian rupees on the date of each
investment;
iv. The debt-equity ratio shall be considered after deducting the amount of grant or capital subsidy
received for the project for arriving at the amount of debt and equity; and
V. The premium, if any, raised by the generating company while issuing share capital and
investment of internal resources created out of its free reserve for the funding of the project
shall be reckoned as paid-up capital for the purpose of computing return on equity only if such
premium amount and internal resources are actually utilised for meeting the capital expenditure
of the renewable energy project.
(2) The project developer shall submit the resolution of the Board of the company or approval of the competent
authority in other cases regarding the infusion of funds from internal resources in support of the utilization made
or proposed to be made to meet the capital expenditure of the renewable energy project.
14. Loan Tenure and Interest on Loan
(1) Loan Tenure
For determination of generic tariff and project specific tariff, loan tenure of 15 years shall be considered.
(2) Interest on Loan
(a) The loans arrived at in the manner indicated in Regulation 13 shall be considered as gross normative loans
for the calculation of interest on loans. For project specific tariff, the normative loan outstanding as on the
1st of April of every year shall be worked out by deducting the cumulative repayment up to the 31st of
March of the previous year from the gross normative loan.
(b) For the purpose of computation of tariff, the normative interest rate of two hundred (200) basis points above
the average State Bank of India Marginal Cost of Funds based Lending Rate (MCLR) (one-year tenor)
prevalent during the last available six months shall be considered.
(c) Notwithstanding any moratorium period availed by the project developer, the repayment of the loan shall be
considered from the first year of commercial operation of the project and shall be equal to the annual
depreciation allowed.
15. Depreciation
(1) The value base for the purpose of depreciation shall be the capital cost of the project admitted by the
Commission. The salvage value of the project shall be considered as 10%, and depreciation shall be allowed up
to a maximum of 90% of the capital cost of the project:
Provided that no depreciation shall be allowed to the extent of grant or capital subsidy received for the project.
(2) Depreciation rate of 4.67% per annum shall be considered for the first 15 years and the remaining depreciation
shall be evenly spread during the remaining Useful Life of the project.
(3) Depreciation shall be computed from the first year of commercial operation:
Provided that, for determination of project specific tariff, in case of commercial operation of the project for part
of the year, depreciation shall be computed on a pro rata basis.
16. Return on Equity
(1) The value base for equity shall be as determined under Regulation 13.
(2) The normative Return on Equity for renewable energy projects other than small hydro projects shall be 14%, and
that for the small hydro projects shall be 15%. The normative Return on Equity shall be grossed up by the latest
available notified Minimum Alternate Tax (MAT) rate for the first 20 years of the Tariff Period and by the latest
available notified Corporate Tax rate for the remaining Tariff Period.
17. Interest on Working Capital
(1) The Working Capital requirement in respect of wind power projects, small hydro projects, solar PV power
projects, floating solar projects, solar thermal power projects, municipal solid waste based power projects and
refuse derived fuel based power projects and renewable energy with storage projects shall be computed in
accordance with the following:
a) Operation and Maintenance expenses for one month;
b) Receivables equivalent to 45 days of tariff for the sale of electricity calculated on the normative Capacity
Utilisation Factor or Plant Load Factor, as the case may be; and
c) Maintenance spares equivalent to 15% of Operation and Maintenance expenses.
(2) The Working Capital requirement in respect of biomass power projects with Rankine cycle technology, biogas
power projects, biomass gasifier based power projects and non-fossil fuel based co-generation projects shall be
computed in accordance with the following:
a) Fuel costs for four months equivalent to normative Plant Load Factor;
b) Operation and Maintenance expenses for one month;
c) Receivables equivalent to 45 days of tariff for the sale of electricity calculated on the plant load factor; and
d) Maintenance spares equivalent to 15% of Operation and Maintenance expenses.
(3) In the case of renewable hybrid energy projects, the Working Capital requirement shall be the sum of the
Working Capital requirement determined as per norms applicable for renewable energy sources in proportion to
their rated capacity in the project.
(4) Interest on Working Capital shall be at an interest rate equivalent to the normative interest rate of three hundred
and twenty-five (325) basis points above the average State Bank of India Marginal Cost of Funds based Lending
Rate (MCLR) (one-year tenor) prevalent during the last available six months.
18. Calculation of capacity utilization factor and plant load factor:
The number of hours in a year for calculation of the capacity utilization factor and plant load factor, as the case
may be, shall be considered as 8766.
19. Operation and Maintenance Expenses
(1) Operation and Maintenance expenses shall be determined for the Tariff Period of the project based on normative
O&M expenses specified in these regulations for the first year of the Control Period.
(2) Normative O&M expenses allowed during the first year of the Control Period, i.e. financial year 2024-25, under
these regulations, shall be escalated at the rate of 5.25% per annum for the Tariff Period.
20. Rebate
(1) For payment of bills of the generating company through revolving and valid letter of credit on presentation or
through National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS) payment mode
within a period of 5 days of presentation of bills, a rebate of 1.5% on bill amount shall be allowed.
Explanation: In case of computation of '5 days', the number of days shall be counted consecutively without
considering any holiday. However, in case the last day or 5th day is an official holiday, the 5th day for the
purpose of rebate shall be construed as the immediate succeeding working day.
(2) Where payments are made on any day after 5 days within a period of one month from the date of presentation of
bills by the generating company, a rebate of 1% shall be allowed.
21. Late payment surcharge
In case the payment of any bill for charges payable under these regulations is delayed beyond a period of 45 days
from the date of presentation of bills, a late payment surcharge as specified in the Ministry of Power - Electricity
(Late Payment Surcharge and Related Matters) Rules, 2022 as amended from time to time shall be levied by the
generating company.
22. Subsidy or incentive by the Central or the State Government
(1) The Commission shall take into consideration any incentive, grant or subsidy from the Central or State
Government, including accelerated depreciation benefit, availed by the project while determining the tariff under
these regulations:
Provided that the following principles shall be considered for ascertaining income tax benefit on account of
accelerated depreciation, if availed, for the purpose of tariff determination:
i. Assessment of benefit shall be based on normative capital cost, accelerated depreciation rate and corporate
income tax rate as per relevant provisions of the Income Tax Act, 1961, as amended from time to time; and
ii. Capitalization of renewable energy projects during the second half of the fiscal year.
iii. Per unit benefit shall be derived on a levelized basis at a discount factor equivalent to the weighted average
cost of capital.
(2) Any grant, subsidy or incentive availed by renewable energy project, which is not considered at the time of
determination of tariff, shall be deducted by the beneficiary in subsequent bills after receipt of such grant,
subsidy or incentive in suitable instalments or within such period as may be stipulated by the Commission.
(3) In case the Central or State Government or their agencies provide any generation- based incentive, which is
specifically over and above the tariff, such incentive shall neither be taken into account while determining the
tariff nor be deducted by the beneficiary in subsequent bills raised by the particular Renewable energy project.
23. Statutory Charges
The renewable energy project developer shall recover from the beneficiaries the statutory charges imposed by the
State and Central Government, such as electricity duty on auxiliary consumption, subject to the maximum of
normative auxiliary consumption.
Chapter 3: Parameters for wind power projects
24. Capital Cost
The Commission shall determine only project specific capital costs considering the prevailing market trends.
25. Capacity Utilisation Factor
(1) Capacity utilization factor norms for this Control Period shall as follows:
+-----------------------------------+--------------------------+
| Annual Mean Wind Power Density (W/m2) | Capacity Utilization Factor |
+===================================+==========================+
| Up to 220 | 22% |
+-----------------------------------+--------------------------+
| 221-275 | 24% |
+-----------------------------------+--------------------------+
| 276-330 | 28% |
+-----------------------------------+--------------------------+
| 331-440 | 33% |
+-----------------------------------+--------------------------+
| > 440 | 35% |
+-----------------------------------+--------------------------+
(2) The annual mean wind power density specified in sub-regulation (1) above shall be measured at a 100-meter
hub-height.
(3) Wind power projects shall be classified into particular wind zone sites as per MNRE guidelines for wind
measurement. Based on the validation of the wind mast by the National Institute of Wind Energy, the State
Nodal Agency should certify the zoning of the proposed wind farm complex.
26. Operation and Maintenance expenses
The Commission shall determine only project specific O&M expenses considering the prevailing market trends.
Chapter 4: Parameters for small hydro projects
27. Capital Cost
(1) The normative capital cost for small hydro projects during the first year of the Control Period, i.e. the financial
year 2024-25, shall be as follows:
+-------------------------------------------------------------+--------------------+--------------------------+
| Region | Project Size | Capital Cost (Rs. lakh/ MW) |
+=============================================================+====================+==========================+
| Himachal Pradesh, Uttarakhand, West Bengal, Union | Below 5 MW | 1200 |
| Territory of Jammu and Kashmir, Union Territory of | 5 MW to 25 MW | 1200 |
| Ladakh and North Eastern States | | |
+-------------------------------------------------------------+--------------------+--------------------------+
| Other States | Below 5 MW | 890 |
| | 5 MW to 25 MW | 1027 |
+-------------------------------------------------------------+--------------------+--------------------------+
(2) The capital cost for small hydro projects as specified for the first year of the Control Period shall remain valid for
the entire duration of the Control Period unless reviewed earlier by the Commission.
28. Capacity Utilisation Factor
The normative capacity utilization factor for the small hydro projects located in Himachal Pradesh, Uttarakhand,
West Bengal, Jammu and Kashmir, Ladakh, North-Eastern States and Odisha shall be 45%; for Punjab, it shall
be 40% and for other States, it shall be 30%:
Explanation: For the purpose of this Regulation, the normative capacity utilization factor is net of free power to
the home State, if any.
29. Auxiliary Consumption
Normative auxiliary consumption for the small hydro projects shall be considered as 1.0%.
30. Operation and Maintenance expenses
(1) Normative O&M Expenses for the first year of the Control Period, i.e. financial year 2024-25 shall be as under:
+-------------------------------------------------------------+--------------------+----------------------------+
| Region | Project Size | O&M Expenses (Rs. lakh/ MW) |
+=============================================================+====================+============================+
| Himachal Pradesh, Uttarakhand, West Bengal, Union | Below 5 MW | 49.24 |
| Territory of Jammu and Kashmir, Union Territory of | 5 MW to 25 MW | 36.93 |
| Ladakh and North Eastern States | | |
+-------------------------------------------------------------+--------------------+----------------------------+
| Other States | Below 5 MW | 39.66 |
| | 5 MW to 25 MW | 28.72 |
+-------------------------------------------------------------+--------------------+----------------------------+
(2) Normative O&M Expenses allowed at the commencement of the Control Period, i.e. financial year 2024-25
under these regulations, shall be escalated at the rate specified in Regulation 19 of these Regulations for the
Tariff Period.
Chapter 5: Parameters for biomass power projects based on Rankine cycle technology
31. Capital Cost
(1) The normative capital cost for the first year of the Control Period, i.e. financial year 2024-25 shall be as under:
+-----------------------------------------------------------------+---------------------------+
| Biomass power projects based on Rankine cycle technology | Capital Cost (Rs. lakhs/ MW) |
+=================================================================+===========================+
| Project [other than rice straw and juliflora (plantation) based | 638 |
| project] with water-cooled condenser | |
+-----------------------------------------------------------------+---------------------------+
| Project [other than rice straw and Juliflora(plantation) based | 685 |
| project] with air-cooled condenser | |
+-----------------------------------------------------------------+---------------------------+
| For rice straw and juliflora (plantation) based project with | 697 |
| water-cooled condenser | |
+-----------------------------------------------------------------+---------------------------+
| For rice straw and juliflora (plantation) based project with | 744 |
| air-cooled condenser | |
+-----------------------------------------------------------------+---------------------------+
(2) The capital cost for biomass power projects based on Rankine cycle technology as specified for the first year of
the Control Period shall remain valid for the entire duration of the Control Period unless reviewed earlier by the
Commission.
32. Plant Load Factor
For the purpose of determination of tariff, the Plant Load Factor shall be considered as 80%.
33. Auxiliary Consumption
The normative auxiliary consumption shall be as follows: -
a) For projects using water-cooled condenser: 10%
b) For projects using air-cooled condenser: 12%
34. Station Heat Rate
The Station Heat Rate shall be:
a) For projects using travelling grate boilers: 4200 kCal/kWh
b) For projects using AFBC boilers: 4125 kCal/kWh
35. Operation and Maintenance expenses
Normative O&M Expenses for the first year of the Control Period, i.e. financial year 2024-25, shall be Rs.54.70
lakhs per MW and shall be escalated at the rate at the rate specified in Regulation 19 of these Regulations for the
Tariff Period.
36. Use of Fossil Fuel
The use of fossil fuels shall not be allowed:
Provided that for biomass power projects based on Rankine cycle technology commissioned on or before
31.03.2017, the use of fossil fuels to the extent of 15% in terms of gross calorific value on an annual basis shall
be allowed for the Useful Life of the project from the date of commercial operation.
37. Gross Calorific Value
The gross calorific value of biomass fuel, for the purpose of determination of tariff, shall be at 3100 kCal/kg.
38. Fuel Cost
Biomass fuel price during the first year of the Control Period, i.e. financial year 2024-25 shall be as specified in
the table below and shall be escalated at the rate of 3.45% per annum to arrive at the base price for subsequent
years of the Control Period unless reviewed earlier by Commission. For the purpose of determining levelized
tariff, a normative escalation factor of 3.45% per annum shall be applicable on biomass fuel price.
+-------------------+------------------------------------------+
| State | Biomass Fuel prices for FY 2024-25 (Rs./MT) |
+===================+==========================================+
| Andhra Pradesh | 3983 |
+-------------------+------------------------------------------+
| Haryana | 4534 |
+-------------------+------------------------------------------+
| Maharashtra | 4637 |
+-------------------+------------------------------------------+
| Punjab | 4742 |
+-------------------+------------------------------------------+
| Rajasthan | 3958 |
+-------------------+------------------------------------------+
| Tamil Nadu | 3918 |
+-------------------+------------------------------------------+
| Telangana | 3983 |
+-------------------+------------------------------------------+
| Uttar Pradesh | 4053 |
+-------------------+------------------------------------------+
| Other States | 4260 |
+-------------------+------------------------------------------+
Provided that the Commission may review the biomass fuel price based on a study, consequent to which the table of
biomass fuel price as provided in this Regulation shall stand modified with effect from the date of notification of the
revised prices, by the Commission.
Chapter 6: Parameters for non-fossil fuel based co-generation projects
39. Capital Cost
Normative capital cost for the non-fossil fuel based co-generation projects shall be Rs. 562 lakhs/MW for the
first year of the Control Period, i.e. financial year 2024-25 and will remain valid for the entire duration of the
Control Period unless reviewed earlier by the Commission.
40. Plant Load Factor
The plant load factor for different States shall be as follows:
+---------------------------+-----------------------+
| State | Plant Load Factor (%) |
+===========================+=======================+
| Uttar Pradesh and Andhra Pradesh | 45% |
+---------------------------+-----------------------+
| Tamil Nadu and Maharashtra | 60% |
+---------------------------+-----------------------+
| Other States | 53% |
+---------------------------+-----------------------+
41. Auxiliary Consumption
The auxiliary consumption shall be considered as 8.5% for the computation of the tariff.
42. Station Heat Rate
The Station Heat Rate of 3600 kCal/ kWh for the power generation component alone shall be considered for the
computation of tariff for non-fossil fuel based co-generation projects.
43. Gross Calorific Value
The gross calorific value for bagasse shall be considered as 2250 kCal/kg. For the use of biomass fuels other than
bagasse, gross calorific value as specified under Regulation 37 shall be applicable.
44. Fuel Cost
(1) The price of bagasse for the first year of the Control Period, i.e. financial year 2024-25, shall be as specified in
the table below and shall be escalated at the rate of 3.45% per annum to arrive at the base price for subsequent
years of the Control Period unless specifically reviewed by Commission. For the purpose of determining
levelized tariff, a normative escalation factor of 3.45% per annum shall be applicable on bagasse prices.
+-------------------+---------------------------------------+
| State | Bagasse Price for FY 2024-25 (Rs. /MT) |
+===================+=======================================+
| Andhra Pradesh | 2249 |
+-------------------+---------------------------------------+
| Haryana | 3199 |
+-------------------+---------------------------------------+
| Maharashtra | 3152 |
+-------------------+---------------------------------------+
| Punjab | 2815 |
+-------------------+---------------------------------------+
| Tamil Nadu | 2423 |
+-------------------+---------------------------------------+
| Telangana | 2248 |
+-------------------+---------------------------------------+
| Uttar Pradesh | 2509 |
+-------------------+---------------------------------------+
| Other States | 2723 |
+-------------------+---------------------------------------+
Provided that the Commission may review the bagasse price based on study, consequent to which the table of
bagasse price as provided in this Regulation shall stand modified with effect from the date of notification of the
revised prices, by the Commission.
(2) For use of biomass other than bagasse in non-fossil fuel based co-generation projects, the biomass prices as
specified under Regulation 38 shall be applicable.
45. Operation and Maintenance expenses
Normative O&M expenses during the first year of the Control Period, i.e. financial year 2024-25, shall be Rs.
28.90lakhs per MW and shall be escalated at the rate specified in Regulation 19 of these Regulations for the
Tariff Period.
Chapter 7: Parameters for solar PV power projects, solar thermal power projects and floating solar projects
46. Capital Cost
The Commission shall determine only project specific capital costs considering the prevailing market trends.
47. Capacity Utilisation Factor
The Commission shall only approve capacity utilisation factors for project specific tariffs:
Provided that the minimum capacity utilization factor for solar PV power projects shall be 21%:
Provided further that the minimum capacity utilization factor for solar thermal power projects shall be 23%:
Provided also that the minimum capacity utilisation factor for floating solar projects shall be 19%.
48. Operation and Maintenance expenses
The Commission shall determine only project specific O&M expenses considering the prevailing market trends.
49. Auxiliary Consumption
The Commission shall only approve auxiliary consumption for project specific tariffs:
Provided that the maximum auxiliary consumption for solar PV power projects shall be 0.75%;
Provided further that the maximum auxiliary consumption for solar thermal power projects shall be 10%;
Provided also that the maximum auxiliary consumption for floating solar projects shall be 0.75%.
Chapter 8: Parameters for biomass gasifier based power projects
50. Capital Cost
Normative capital cost for biomass gasifier based power projects shall be Rs.677 lakhs/MW during the first year
of the Control Period, i.e. the financial year 2024-25, and will remain valid for the entire duration of the Control
Period unless reviewed earlier by the Commission.
51. Plant Load Factor
The plant load factor for determination of tariff shall be considered as 85%.
52. Auxiliary consumption
The auxiliary consumption shall be considered as 10% for the determination of the tariff.
53. Specific fuel consumption
Normative specific fuel consumption shall be 1.25 kg per kWh.
54. Operation and Maintenance expenses
Normative O&M expenses for the first year of the Control period, i.e. financial year 2024-25, shall be Rs. 72.25
lakhs per MW and shall be escalated at the rate specified in Regulation 19 of these Regulations for the Tariff
Period.
55. Fuel Cost
Biomass fuel price for biomass gasifier-based power projects shall be the same as for biomass power projects
based on Rankine cycle technology as mentioned in Regulation 38.
Chapter 9: Parameters for biogas based power projects
56. Capital Cost
Normative capital cost for biogas based power projects shall be Rs.1354 lakhs/MW for the first year of the
Control Period, i.e. financial year 2024-25 and shall remain valid for the entire duration of the Control Period
unless reviewed earlier by the Commission.
57. Plant Load Factor
Plant load factor shall be considered as 90% for determination of tariff.
58. Auxiliary Consumption
The auxiliary consumption shall be considered as 12% for the determination of the tariff.
59. Operation and Maintenance Expenses
Normative O&M expenses for the first year of the Control Period, i.e. financial year 2024-25 shall be Rs. 72.25
lakhs per MW and shall be escalated at the rate specified in Regulation 19 of these Regulations for the Tariff
Period.
60. Specific Fuel Consumption
Normative specific fuel consumption shall be 3 kg of substrate mix per kWh.
61. Fuel Cost (Feedstock Price)
Feedstock price during the first year of the Control Period, i.e. financial year 2024-25, shall be Rs. 1702/MT and
shall be escalated at the rate of 3.45% per annum to arrive at the base price for subsequent years of the Control
Period unless specifically reviewed by the Commission. For the purpose of determining levelized tariff, a
normative escalation factor of 3.45% per annum shall be applicable.
Chapter 10: Parameters for refuse derived fuel (RDF) based municipal solid waste (MSW) power projects
62. Capital Cost
Normative Capital Costs for first year of the Control Period for RDF based MSW power project shall be Rs.
2200 Lakh/MW.
63. Plant Load Factor
(1) Plant load factor for determining tariff for refuse derived fuel based municipal solid waste power projects shall
be:
+--------+-----------------------------------------------------+-----+
| Sl. No. | Plant load factor | RDF |
+========+=====================================================+=====+
| a) | During stabilisation period | 65% |
+--------+-----------------------------------------------------+-----+
| b) | During the remaining period of the first year (after | 65% |
| | the stabilization period) | |
+--------+-----------------------------------------------------+-----+
| c) | 2nd year onwards | 80% |
+--------+-----------------------------------------------------+-----+
(2) The stabilisation period shall not be more than 6 months from the date of commercial operation of the project.
64. Auxiliary Consumption
The auxiliary consumption for determination of tariff shall be considered as 15%.
65. Operation and Maintenance Expenses
Normative O&M expenses for the first year of the Control Period shall be 8.5% of the Capital Cost of RDF
based MSW power project.
66. Fuel Cost
No Fuel Cost shall be considered for the determination of tariffs for RDF power projects.
Provided that for the purpose of start-up and shut down activity and temperature stabilisation during monsoon,
alternate fuel from any other renewable energy source up to a ceiling of 5% of RDF consumed annually, shall be
allowed without any additional impact on tariff.
Chapter 11: Parameters for Renewable Hybrid Energy Projects
67. Capital Cost
The capital cost shall be determined on a project specific basis considering the prevailing market trends.
68. Capacity Utilisation Factor
(1) The Commission shall determine only project specific capacity utilisation factor in respect of renewable hybrid
energy projects, taking into consideration the proportion of rated capacity of each renewable energy source, as
the case may be,
and applicable capacity utilisation factor for such renewable energy sources, as the case may be:
Provided that the minimum capacity utilization factor for renewable hybrid energy projects shall be 30% when
measured at the inter-connection point, where the energy is injected into the grid.
69. Operation and Maintenance expenses
The Commission shall determine only project specific O&M expenses considering the prevailing market trends.
70. Tariff
The tariff for a renewable hybrid energy project shall be a composite levelised tariff for the project as a whole by
factoring in the tariff components up to the minimum of the useful life of the RE technologies combined for such
RE hybrid Project:
Provided that, in case any of the RE technologies combined for the RE hybrid project is left with a further useful
life, the levelised tariff for the remaining useful life of such RE technology shall be determined separately by
factoring in the tariff components for the remaining useful life.
Chapter 12: Parameters for renewable energy with storage project
71. Capital Cost
The Commission shall determine only project specific capital costs for renewable energy with storage projects
considering the prevailing market trends
72. Storage Efficiency
(1) The Commission shall approve the storage efficiency only for project specific tariffs:
Provided that the minimum efficiency for storage based on the technology of solid state batteries shall be 85%:
(2) Efficiency of the storage component of renewable energy with a storage project shall be measured as the ratio
of output energy received from storage and input energy supplied to the storage component of such project on
an annual basis.
73. Operation and Maintenance expenses
The Commission shall determine only project specific O&M expenses considering the prevailing market trends.
74. Tariff determination for Energy Storage
The tariff for renewable energy with storage project shall be a composite tariff or differential tariff based on the
time of day, determined for energy supplied from the Project, including the energy supplied from the storage
facility:
Provided that such tariff may be determined for the supply of power on round the clock basis or for time periods
as agreed by the Project Developer and Beneficiary.
Chapter 13: Miscellaneous
75. Deviation from norms
Tariff for electricity generated from a generating station based on renewable energy sources may also be agreed
upon between the generating company and beneficiary, in deviation from the norms specified in these
regulations:
Provided that the levelized tariff of the project calculated on the basis of the norms specified in these regulations
shall be the ceiling levelized tariff.
76. Power to Relax
The Commission, may by general or special order, for reasons to be recorded in writing, and after giving an
opportunity of hearing to the parties likely to be affected, relax any of the provisions of these regulations on its
own motion or on an application made before it by an interested person.
77. Power to remove difficulty
If any difficulty arises in giving effect to the provisions of these Regulations, the Commission may, by general or
specific order, make such provisions not inconsistent with the provision of the Act, as may appear to be
necessary for removing the difficulty.
HARPREET SINGH PRUTHI, Secy.
[ADVT.-III/4/Exty./296/2024-25]
APPENDIX
Form-1.1: Template for (Wind power projects/ Small hydro projects/ Solar PV power projects/ Solar thermal
power projects/ Renewable energy hybrid power projects /Renewable energy with storage projects/MSW/RDF)
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| Sl. No. | Assumption Head | Sub-head | Sub-head (2) | Unit | Parameter |
+=======+===================+=============+===================================+====================+==============+
| 1 | Power Generation | Capacity | Installed Power Generation | MW | |
| | | | Capacity | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Capacity Utilization Factor | % | |
| | | | (CUF) | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Auxiliary Consumption | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Commercial Operation Date | dd/mm/yyyy | |
| | | | (COD) | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Useful Life | Years | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| 2 | Project Cost | Capital Cost | Normative Capital Cost | Rs. Crore/ MW | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Capital Cost | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Capital Subsidy, if any | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Net Capital Cost | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| 3 | Financial | Debt Equity | Tariff Period | Years | |
| | Assumption | | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Debt | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Equity | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | Debt Component | Total debt amount | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Total equity amount | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Loan Amount | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Moratorium Period | Years | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Repayment Period (incl | Years | |
| | | | moratorium) | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | Equity Component | | moratorium) | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Interest Rate | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Equity Amount | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Return on Equity for First 20 | % p.a. | |
| | | | years | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Return on Equity after 20 years | % p.a. | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Discount Rate | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | Depreciation | | Dep Rate for 1st 15 years | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Dep rate 16th year onwards | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | Incentives | | GBI, if any | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Period for GBI | Years | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| 4 | O&M Expenses | Normative | Normative O&M Expense | Rs. Lakh/MW | |
| | | O&M Expense | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | O&M Expenses| O&M Expenses p.a. | Rs. Crore | |
| | | p.a. | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | Escalation | Escalation Factor | % | |
| | | Factor | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| 5 | Working Capital | O&M Expenses| O&M Expenses | Month | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | Maintenance | Maintenance Spares | % of O&M Expenses | % |
| | | Spares | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | Receivables | Receivables | Days | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | Interest on | Interest on Woking Capital | % per annum | |
| | | Woking | | | |
| | | Capital | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
Form-1.2: Template for (Biomass)
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| Sl. No. | Assumption Head | Sub-head | Sub-head (2) | Unit | Parameter |
+=======+===================+=============+===================================+====================+==============+
| 1 | Power Generation | Capacity | Installed Power Generation | MW | |
| | | | Capacity | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Aux Consumption | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | PLF (1st year) | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | PLF (2nd year onwards) | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Commercial Operation Date | dd/mm/yyyy | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Useful Life | Years | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| 2 | Project Cost | Capital | Normative Capital Cost | Rs. Crore/MW | |
| | | Cost/ MW | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Capital Cost | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Capital Subsidy, if any | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Net Capital Cost | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| 3 | Financial | Debt Equity | Tariff Period | Years | |
| | Assumption | | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Debt | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Equity | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | Debt | Total debt amount | Rs. Crore | |
| | | Component | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Total equity amount | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Loan Amount | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Moratorium Period | Years | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Repayment Period (including | Years | |
| | | | moratorium) | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Interest Rate | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | Equity Component | | Equity Amount | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Return on Equity for First 20 | % p.a. | |
| | | | years | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Return on Equity after 20 years | % p. a. | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Discount Rate | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | Depreciation | | Dep Rate for 1st 15 years | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Dep rate 16th year onwards | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | Incentives | | GBI, if any | Rs. Crore | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Period for GBI | Years | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| 4 | O&M Expenses | Normative | Normative O&M Expenses | Rs. Lakh/MW | |
| | | O&M | | | |
| | | Expenses | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | O&M Expenses| O&M Expenses p.a. | Rs. Crore | |
| | | p.a. | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | Escalation | Escalation Factor | % | |
| | | Factor | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| 5 | Working Capital | O&M Expenses| O&M Expenses | Month | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | Maintenance | Maintenance Spares | % of O&M Expenses | % |
| | | Spares | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | Receivables | Receivables | Days | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | Interest on | Interest on WC | % | |
| | | WC | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| 6 | Fuel Related | Station Heat| During 1st year | kcal/kWh | |
| | assumptions | Rate | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | 2nd year onwards | kcal/kWh | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | Fuel Type | Biomass Fuel Type-1 | % | |
| | | and mix | | | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Biomass Fuel Type-2 | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Fossil Fuel (Coal) | % | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | GCV of Biomass Fuel Type-1 | kcal/kWh | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | GCV of Biomass Fuel Type-2 | kcal/kWh | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | GCV of Fossil Fuel (Coal) | kcal/kWh | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Biomass Price (Fuel Type-1)/ Yr 1 | Rs./MT | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Biomass Price (Fuel Type-2)/ Yr 1 | Rs./MT | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Fossil Fuel (Coal) Price)/ Yr 1 | Rs./MT | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
| | | | Fuel Price Escalation Factor | % p.a. | |
+-------+-------------------+-------------+-----------------------------------+--------------------+--------------+
Form-2.1: Template for (Wind power projects or Solar PV power projects /Solar thermal power projects/
MSW/ RDF): Determination of Tariff Components
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| Units Generation | Unit | Yr-1 | Yr-2 | ... (Years up to Yr-12) |
+===================+=======+============+============+=============================================================+
| Installed Capacity | MW | | | |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| Net Generation | MU | | | |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| | | Yr-13 | Yr-14 | ... (Years up to Yr-25) |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| Installed Capacity | MW | | | |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| Net Generation | MU | | | |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Tariff Components | Unit | Yr-1 | Yr-2 | ... (Years up to Yr-12) |
| (Fixed charge) | | | | |
+========================+==========+============+============+=============================================================+
| O&M Expenses | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Depreciation | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Interest on term loan | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Interest on working Capital | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Return on Equity | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Total Fixed Cost | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| | | Yr-13 | Yr-14 | ... (Years up to Yr-25) |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| O&M Expenses | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Depreciation | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Interest on term loan | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Interest on working Capital | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Return on Equity | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Total Fixed Cost | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Per Unit Tariff components | Unit | Yr-1 | Yr-2 | ... (Years up to Yr-12) |
| (Fixed) | | | | |
+=============================+=========+============+============+=============================================================+
| PU O&M expenses | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Depreciation | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Interest on term loan | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Interest on working capital | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Return on Equity | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components (Fixed) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components (Variable) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components (Total) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| | | Yr-13 | Yr-14 | ... (Years up to Yr-25) |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU O&M expenses | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Depreciation | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Interest on term loan | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Interest on working capital | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Return on Equity | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components (Fixed) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components (Variable) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components (Total) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff | Unit | Yr-1 | Yr-2 | ... (Years up to Yr-12) |
+=============================+=========+============+============+=============================================================+
| Discount Factors | | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components(Fixed) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components(Variable) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components(Total) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff (Fixed) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff (Variable) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff (Total) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| | | Yr-13 | Yr-14 | ... (Years up to Yr-25) |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discount Factors | | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components(Fixed) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components(Variable) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components(Total) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff (Fixed) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff (Variable) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff (Total) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
Form-2.2: Template for (Biomass power projects or non-fossil fuel based co-generation plants): Determination
of Tariff Components
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| Units Generation | Unit | Yr-1 | Yr-2 | ... (Years up to Yr-12) |
+===================+=======+============+============+=============================================================+
| Installed Capacity | MW | | | |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| Net Generation | MU | | | |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| | | Yr-13 | Yr-14 | ... (Years up to Yr-25) |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| Installed Capacity | MW | | | |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| Net Generation | MU | | | |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Tariff Components | Unit | Yr-1 | Yr-2 | ... (Years up to Yr-12) |
| (Fixed charge) | | | | |
+========================+==========+============+============+=============================================================+
| O&M Expenses | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Depreciation | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Interest on term loan | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Interest on working Capital | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Return on Equity | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Total Fixed Cost | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| | | Yr-13 | Yr-14 | ... (Years up to Yr-25) |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| O&M Expenses | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Depreciation | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Interest on term loan | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Interest on working Capital | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Return on Equity | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Total Fixed Cost | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Tariff Components | Unit | Yr-1 | Yr-2 | ... (Years up to Yr-12) |
| (Variable Charge) | | | | |
+==========================+==========+============+============+=============================================================+
| Biomass Fuel Type-1 | Rs Lakh | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Biomass Fuel Type-2 | Rs Lakh | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Fossil Fuel (coal) | Rs Lakh | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Municipal Solid Waste | Rs Lakh | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Refuse Derived Fuel | Rs Lakh | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Sub-total (Fuel Costs) | Rs Lakh | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Fuel cost allocable to power | % | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Total Fuel Costs | Rs Lakh | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| | | Yr-13 | Yr-14 | ... (Years up to Yr-25) |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Biomass Fuel Type-1 | Rs Lakh | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Biomass Fuel Type-2 | Rs Lakh | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Fossil Fuel (coal) | Rs Lakh | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Municipal Solid Waste | Rs Lakh | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Refuse Derived Fuel | Rs Lakh | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Sub-total (Fuel Costs) | Rs Lakh | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Fuel cost allocable to power | % | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
| Total Fuel Costs | Rs Lakh | | | |
+--------------------------+----------+------------+------------+-------------------------------------------------------------+
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Per Unit Tariff components | Unit | Yr-1 | Yr-2 | ... (Years up to Yr-12) |
| (Fixed) | | | | |
+=============================+=========+============+============+=============================================================+
| PU O&M expenses | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Depreciation | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Interest on term loan | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Interest on working capital | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Return on Equity | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components (Fixed) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components (Variable) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components (Total) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| | | Yr-13 | Yr-14 | ... (Years up to Yr-25) |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU O&M expenses | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Depreciation | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Interest on term loan | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Interest on working capital | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Return on Equity | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components (Fixed) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components (Variable) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components (Total) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff | Unit | Yr-1 | Yr-2 | ... (Years up to Yr-12) |
+=============================+=========+============+============+=============================================================+
| Discount Factors | | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components(Fixed) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components(Variable) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components(Total) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff (Fixed) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff (Variable) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff (Total) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| | | Yr-13 | Yr-14 | ... (Years up to Yr-25) |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discount Factors | | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components(Fixed) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components(Variable) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components(Total) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff (Fixed) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff (Variable) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff (Total) | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
Form-2.3: Template for (Small Hydro projects): Determination of Tariff Components
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| Units Generation | Unit | Yr-1 | Yr-2 | ... (Years up to Yr-13) |
+===================+=======+============+============+=============================================================+
| Installed Capacity | MW | | | |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| Net Generation | MU | | | |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| | | Yr-14 | Yr-15 | ... (Years up to Yr-26) |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| Installed Capacity | MW | | | |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| Net Generation | MU | | | |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| | | Yr-27 | Yr-28 | ... (Years up to Yr-40) |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| Installed Capacity | MW | | | |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
| Net Generation | MU | | | |
+-------------------+-------+------------+------------+-------------------------------------------------------------+
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Tariff Components | Unit | Yr-1 | Yr-2 | ... (Years up to Yr-13) |
| (Fixed charge) | | | | |
+========================+==========+============+============+=============================================================+
| O&M Expenses | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Depreciation | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Interest on term loan | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Interest on working Capital | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Return on Equity | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Total Fixed Cost | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| | | Yr-14 | Yr-15 | ... (Years up to Yr-26) |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| O&M Expenses | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Depreciation | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Interest on term loan | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Interest on working Capital | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Return on Equity | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Total Fixed Cost | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| | | Yr-27 | Yr-28 | ... (Years up to Yr-40) |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| O&M Expenses | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Depreciation | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Interest on term loan | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Interest on working Capital | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Return on Equity | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
| Total Fixed Cost | Rs Lakh | | | |
+------------------------+----------+------------+------------+-------------------------------------------------------------+
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Per Unit Tariff components | Unit | Yr-1 | Yr-2 | ... (Years up to Yr-13) |
+=============================+=========+============+============+=============================================================+
| PU O&M expenses | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Depreciation | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Interest on termloan | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Interest on working capital | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Return on Equity | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| | | Yr-14 | Yr-15 | ... (Years up to Yr-26) |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU O&M expenses | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Depreciation | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Interest on term loan | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Interest on working capital | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Return on Equity | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| | | Yr-27 | Yr-28 | ... (Years up to Yr-40) |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU O&M expenses | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Depreciation | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Interest on termloan | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Interest on workingcapital | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Return on Equity | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| PU Tariff Components | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff | Unit | Yr-1 | Yr-2 | ... (Years up to Yr-13) |
+=============================+=========+============+============+=============================================================+
| Discount Factors | | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| | | Yr-14 | Yr-15 | ... (Years up to Yr-26) |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discount Factors | | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| | | Yr-27 | Yr-28 | ... (Years up to Yr-40) |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discount Factors | | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Discounted Tariff components | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
| Levelized Tariff | Rs/kWh | | | |
+-----------------------------+---------+------------+------------+-------------------------------------------------------------+
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