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Core Purpose

Notification by the Central Electricity Regulatory Commission notifying monthly escalation rates for June 2024 applicable to payment for procurement of power under DBFOO/SHAKTI-linked Power Purchase Agreements.

Detailed Summary

The Central Electricity Regulatory Commission (CERC) issued Notification No. Eco-M06/2024-CERC dated 4th July 2024, in pursuance of Clause 5.6(vi) of the Ministry of Power's "Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees" dated 19.01.2005 (as amended), the Ministry of Power's communication to CERC dated 13.04.2022, and the Ministry of Power's Resolution dated 11.07.2022 amending the guidelines for long-term procurement of electricity from thermal power stations set up on a Design, Build, Finance, Own and Operate (DBFOO) basis under the SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) Policy dated 6.03.2019. The notification specifies monthly escalation rates applicable for June 2024 for payment under Power Purchase Agreements: 1.68% for imported coal, -4.78% for transportation of imported coal, and 0.00% for inland handling of imported coal. The notification is signed by Harpreet Singh Pruthi, Secretary, under advertisement number ADVT.-III/4/Exty./312/2024-25.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-22072024-255637 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 543] NEW DELHI, FRIDAY, JULY 19, 2024/ASHADHA 28, 1946 2 THE GAZETTE OF INDIA: EXTRAORDINARY CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 4th July, 2024 [PART III—SEC.4] No. Eco-M06/2024-CERC.—In pursuance of Clause 5.6 (vi) of the Ministry of Power (MOP) Notification on "Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees” dated 19.01.2005 as amended from time to time, MOP communication to the Central Electricity Regulatory Commission (CERC) dated 13.04.2022, and MOP Resolution dated 11.07.2022 on an amendment to the "Guidelines for long term Procurement of Electricity from Thermal Power Stations set up on Design, Build, Finance, Own and Operate (DBFOO) basis and sourcing fuel as provided under Model Bidding Documents including allocation of coal under B (I), B(III) and B(IV) of SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India) Policy" dated 6.03.2019, the CERC notifies the following escalation rates for the purpose of payment. Monthly Escalation Rates applicable for June 2024 for the purpose of payment for Procurement of Power by Distribution Licensees as per the Power Purchase Agreement entered into under the Guidelines mentioned above: +-----+-------------------------------------------+---------------------------+ | Sl. | Description | Monthly Escalation | | No. | | Rates for Payment | +=====+===========================================+===========================+ | 1 | Escalation rate for imported coal | 1.68% | +-----+-------------------------------------------+---------------------------+ | 2 | Escalation rate for transportation of imported coal | -4.78% | +-----+-------------------------------------------+---------------------------+ | 3 | Escalation rate for inland handling of imported coal | 0.00% | +-----+-------------------------------------------+---------------------------+ HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./312/2024-25]

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