KERC has invited written comments/views/suggestions on the proposed amendment latest by?November 26th 2016 from interested parties.
]]>Therefore, it examined the need to curtail the present control period and re-determine the tariff in separate proceedings, in the midcourse. The Commission, in modification of its Order dated 10th October, 2013, decided that the norms and tariff determined in this Order shall be applicable to all new grid connected MW scale solar PV and solar thermal power plants, entering into Power Purchase Agreement (PPA) on or after 1st September, 2015 to 31st March, 2018.
For determining the tariff of the same, comments/suggestion of the stakeholders on the capital cost, operational and financial parameters were invited. The table below depicts the proposed capital costs for solar PV projects and solar thermal projects before and after the midcourse re-determination of tariff.
Based on the comments and suggestions received from various stakeholders on the abstract of the parameters considered for determination of the tariff, the commission approved the following tariff on 30th July 2015 which differs from the earlier determined tariff.
The final commission order can be read here.
The new APPC rate is Rs. 0.47 per unit more and has been worked out taking into consideration the power purchase quantum data furnished by respective ESCOMs of the state. All the payments with respect to the difference of Rs. 0.47 per unit will be made to RE generators in three instalments as per the energy generated post 01.04.2013 till the date of this order.
The new APPC rate which is 18.07 % more poses lucrative options for RE projects. The APPC + REC model will now fetch minimum Rs.4.57 per unit to RE generators of the state. As far as REC mechanism is concerned the state still needs to revamp relevant regulations in line with those of CERC.
Gazette copy can be assessed?here.
Relevant media article –?The Hindu
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