Renewable Energy Tariff Orders, 2018
HIGHLIGHTS |
| Tariff Period | Technology | No. of Years |
| Wind, Solar PV | 25 | |
| Biomass and Bagasse based co-generation | 20 | |
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| Control Period | Technology | No. of Years |
| Wind | 2 years from 13 April 2018 | |
| Solar PV | 1 year from 28 March 2018 | |
| Biomass based generation | 2 years from 28 March 2018 | |
| Bagasse based co-generation | 2 years from 1 April 2018 | |
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| Useful Life of a Plant | Technology | No. of Years |
| Wind and Solar | 25 | |
| Biomass and Bagasse based co-generation | 20 | |
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| Technology-wise Tariff | Technology | Net Tariff (Rs./kWh) |
| Wind | 2.80 | |
| Solar PV | 3.05 | |
| Biomass (1st year) | 5.89 | |
| Biomass (2nd year) | 6.11 | |
| Bagasse based co-generation (1st year) | 5.36 | |
| Bagasse based co-generation (2nd year) | 5.53 | |
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| Capacity Utilization Factor (CUF)/Plant Load Factor (PLF) | Technology | CUF/ PLF(%) |
| Wind | 29.15 | |
| Solar PV | 19.00 | |
| Biomass | 80.00 | |
| Bagasse based co-generation | 55.00 | |
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| Auxiliary Consumption | Technology | Aux. Cons. (%) |
| Biomass | 10.00 | |
| Bagasse based co-generation | 8.50 | |
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| Capital Cost | Technology | Capital Cost (in Rs. lakh/MW) |
| Wind | 525.00 | |
| Solar PV | 350.00 | |
| Biomass | 550.00 | |
| Bagasse based co-generation | 520.00 | |
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| Operation and Maintenance (O&M) Expenses | Technology | O&M Expenses |
| Wind | 1.1% on 85% of capital cost and 0.22% on balance 15% of capital cost with escalation of 5% per annum. | |
| Solar PV | 1.4% of capital cost with 5.72% escalation per annum. | |
| Biomass | 5% on 85% of capital cost and 0.9% on balance 15% of capital cost with 5.72% escalation per annum. | |
| Bagasse based co-generation | Rs.22.34 lakh/MW with 5.72% escalation per annum. | |
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| Interest Rate on Loan | 9.95% | |
| Depreciation | Technology | Depreciation |
| Wind | 3.6% of capital cost. | |
| Solar PV | 3.6% on 95% of capital cost. | |
| Biomass and Bagasse co-generation | 4.5% on 85% of capital cost. | |
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| Return on Equity | Pre-tax @ 17.56% per annum. | |
| Interest on Working Capital | 10.95% | |
| Station Heat Rate (SHR) | Technology | SHR (kCal/kWh) |
| Biomass | 3840 | |
| Bagasse based co-generation | 3240 | |
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| Gross Calorific Value (GCV) | Technology | GCV (kCal/kg) |
| Biomass | 3200 | |
| Bagasse based co-generation | 2300 | |
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| Specific Fuel Consumption (SFC) | Technology | SFC (kg/kWh) |
| Biomass | 1.20 | |
| Bagasse based co-generation | 1.41 | |
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OTHER PROVISIONS |
| Tariff Structure and Design | Technology | Tariff Structure |
| Wind and solar | Single part, levelised tariff | |
| Biomass and bagasse co-generation | Two part tariff | |
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| Merit Order Despatch Principle | -- | |
| Subsidy or/and Incentives by Government | -- | |
| Rebate | Technology | Rebate |
| Biomass | 1% for payment within 1 month of presentation of bills. | |
| Bagasse based co-generation | ||
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| Late Payment Interest | Technology | Interest |
| Wind | 1% per month for payment made beyond 60 days of presentation of bills. | |
| Solar PV | ||
| Biomass | ||
| Bagasse based co-generation | ||
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| Banking of Power |
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| Transmission, Wheeling, Scheduling and System Operation charges and losses | Technology | Charges (% of charges applicable to conventional power) |
| Wind | 50 | |
| Solar PV | 40 | |
| Biomass | 60 | |
| Bagasse based co-generation | 70 | |
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| Cross Subsidy Surcharge | Technology | Charges (% of charges applicable to conventional power) |
| Wind, solar PV, biomass and bagasse based co-generation | 60 | |
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| Metering | As per following regulations: –
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| Links | ||
| References | ||
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