Professional Documents
Culture Documents
Tariff Regulation For Renewable Energy Sourceswith Bar 18.10.2010
Tariff Regulation For Renewable Energy Sourceswith Bar 18.10.2010
Scope
These Regulations shall apply for tariff of Renewable Sources of Energy to be determined by Commission u/s 62 and 79 of EA,2003. These Regulations shall apply in case of wind power, small hydro, biomass power, non-fossil fuel based cogeneration, Solar PV, solar Thermal subject to fulfillment of certain eligibility criteria.
Eligibility Criteria
Wind Power: - Annual mean wind power density 200 W/m2 Small hydro: - Capacity 25 MW at single location Biomass: - Plants based on Rankine Cycle technology. - Fossil fuel restricted to 15% of total fuel consumption on annual basis. Solar PV & Thermal : Based on technology approved by MNRE. Non Fossil fuel Co-generation : Power generation and utilization of thermal heat for other industrial activities.
Tariff Structure
-Single Part Tariff -Fixed Cost Component:
ROE Interest on term loan Depreciation Interest on working capital O&M Expenses
-RE Technologies having fuel component like Biomass, non-fossil fuel cogeneration shall have two componentFixed Cost and fuel cost.
Tariff Design
Useful Life 25 25 35 35 20
7
13 25 13 35 13
Dispatch Principles
All RE Power except biomass plants with capacity of 10 MW and above and non-fossil fuel cogeneration plants shall be treated as MUST RUN. Biomass plants of 10 MW and above and Non-fossil fuel cogeneration plants shall be subjected to scheduling & Despatch code as per IEGC and UI Regulations.
Financial Principles
Capital Cost
Plant & machinery, Civil work Erection & Commissioning Financing, IDC Evacuation infrastructure upto interconnection point.
For project specific tariff determination, breakup of capital cost to be submitted to Commission.
Financial Principles
Debt:Equity
Financial Principles
Interest on Working Capital(IWC): Wind Energy/Small Hydro/Solar PV/SolarThermal.
- O&M : 1 month - Receivables : 2 months - Maintenance Spares :15% of O&M
IWC shall be average of SBI ST PLR during previous year plus 100 basis point.
11
Financial Principles
O&M:
First year of Control Period: As specified under Regulations. Subsequent year to be escalated @ 5.72% per annum.
12
100 % 90 %
0% 10 %
80% 70%
60% 50%
20% 30%
40% 50%
14
Other States: Biomass Plant: Non-fossil fuel cogeneration: Solar PV Plant: Solar Thermal :
Rs. 525.97 lakh/MW < 5 MW Rs. 478.16 lakh/MW for 5 MW to 25 MW. Rs. 426.03 lakhs/MW Rs. 421.30 Lakh/MW. Rs.1442 Lakh/MW. Rs. 1500 lakh/MW
The above capital cost shall be subject to specific indexation mechanism for three years.
15
Wind Energy :
Small Hydro:
Other States:
Rs. 19.00 lakhs/MW < 5 MW Rs. 13.41 Lakh/MW for 5 MW to 25 MW. Solar PV Project:Rs. 10.06 lakh/MW. Solar Thermal : Rs 14.53 lakh/MW Biomass: Rs. 22.63 Lakh/MW
Non-fossil Cogeneration:
16
17
HP,UK,NE States
Other States
PV Thermal During Stabilization
- 30%
- 19% - 23% - 60%
- 70%
- 80 %
18
Calculated Tariff
Technology CUF Levelised Tariff(CERC)
Wind Energy 200-250 W/m2 250-300 W/m2 300-400 W/m2 >400 W/m2 Solar Thermal Energy Solar PV Energy Small Hydro Energy
>5 MW HP, NE, hills, 5-25 MW HP, NE, hills >5 MW other state 5-25 MW other state
45% 45% 30% 30% 1st Year 65%, 2nd year 80%
Thank You
20