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Assam Renewable Energy Tariff Regulations - 2012

HIGHLIGHTS

 

Tariff Period Technology Years
Wind, small hydro (5 MW to 25 MW), biomass based on Rankine cycle, non-fossil fuel based cogeneration. 13
Biomass gasifier and biogas 20
Solar PV and solar thermal 25
Small hydro below 5 MW 35
 
Control Period

5 years, of which the first year shall end on 31.03.2013.

Useful Life of a Plant Technology Years
Non-fossil fuel based cogeneration, biomass based on Rankine cycle, biomass gasifier, biogas. 20
Wind, solar PV, solar thermal 25
Small hydro 35
 
Technology-wise Net Tariff (Rs./kWh) Not available
Capital Cost
  • All capital costs are for FY 2012-13, and the same for subsequent years are determined using indexation formula given in Regulations.
Technology

Capital Cost

(in Rs.lakh/MW)

Wind

575

Small hydro below 5 MW

770

Small hydro (5 MW to 25 MW)

700

Biomass based on Rankine cycle technology (water-cooled condenser)

445

Non-fossil fuel based cogeneration

420

Solar PV

1000

Solar thermal

1300

Biomass gasifier

550

Biogas

1100

Operation and Maintenance (O&M) Expenses

Technology

O&M Cost

(in Rs.Lakh/MW) for FY 2012-13

Wind

9

Small hydro below 5 MW

25

Small hydro (5 MW to 25 MW)

18

Biomass based on Rankine cycle (with water-cooled condenser)

24

Non-fossil fuel cogeneration

16

Solar PV

11

Solar thermal

15

Biomass gasifier

40

Biogas

40

O&M cost is escalated at 5.72% per annum.
Interest Rate on Loans Average State Bank of India base rate prevalent during first six months of the previous year plus 300 basis points.
Depreciation 5.83% for first 12 years and remaining depreciation spread over residual useful life of the project.
Return on Equity
  • Pre-tax 20% per annum for first 10 years.
  • Pre-tax 24% per annum from 11th year onwards.
Interest on Working Capital Average State Bank of India base rate prevalent during first six months of the previous year plus 350 basis points.

 

OTHER PROVISIONS

 

Tariff structure and design Generic, levellised tariff for the tariff period  
Subsidy or/and incentives by government Any incentive or subsidy provided by the central or state government including accelerated depreciation benefit would be taken into consideration for determination of tariff.
Rebate
  • 2% - for payment through Letter of Credit
  • 1% - for payments not through Letter of Credit but within 1 month from the date of presentation of bills.
Late payment surcharge 1.25% per month, for payment of bills beyond a period of 60 days from the date of billing.
Links http://www.aerc.nic.in/Regulations.htm
References http://www.aerc.nic.in/AERC_RE_Tariff_Regulations_2012.pdf

 

 

 

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