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Tamil Nadu Renewable Energy Orders - 2016

HIGHLIGHTS

 

Tariff Period

Technology

No. of years

Wind and solar

25

Biomass and bagasse based cogeneration

20

MSW

20

 

Control Period

Technology

Period

Wind

April1, 2016 to March31, 2018

Solar PV and Thermal

1 year from 28.03.2017

Biomass and bagasse based cogeneration

2 yeas

MSW

April 1, 2017 to March 31, 2019

 

Useful Life of a Plant

Technology

No. of Years

Wind and solar

25

Biomass and bagasse based cogeneration

20

MSW

20

 

Technology-wise Tariff

Technology

Tariff (Rs./kWh)

Wind

3.70 (net)

Solar PV

4.56 (net)

Solar thermal

9.95 (net)

Biomass (1st year)

6.07

Biomass (2nd year)

6.30

Bagasse based cogeneration (1st year)

5.58

Bagasse based cogeneration (2nd year)

5.74

MSW

6.06 (net)

 

Capital Cost

Technology

Capital Cost (in Rs. lakh/MW)

Wind

620.00

Solar PV

470.00

Solar thermal

1160.00

Biomass

550.00

Bagasse based cogeneration

520.00

MSW

1600.00

 

Operation and Maintenance (O&M) Expenses

Technology

O&M Expenses

Wind

1.1% of machinery cost (85% of capital cost).

0.22% of civil works and land cost (15% of capital cost).

Solar PV and thermal

1.4% of capital cost.

Biomass

4.5% of plant and machinery cost (85% of capital cost).

0.9% of civil works and land cost (15% of capital cost).

Bagasse based cogeneration

Rs.18.91 lakh/MW

MSW

5.5% of plant and machinery cost (85% of capital cost).

0.9% of civil works and land cost (15% of capital cost).

 

Interest Rate on Loan

  • 11% for solar power

  • 11% for MSW

  • 13% for other technologies

Depreciation

Technology

Depreciation

Wind and solar

3.6% for wind and 3.6% on 95% of capital cost for solar

Biomass and bagasse

4.5% of capital cost

MSW

4.5% on 85% of the capital cost

 

Return on Equity

Pre-tax 20% per annum.

Interest on Working Capital

  • 11.5% for MSW and solar

  • 13.5% for other technologies

 

OTHER PROVISIONS

 

Tariff structure and design

Technology

Tariff Structure

Wind and solar

Single part, levellised tariff

Biomass and bagasse

Two part tariff

MSW

Single part, levellised tariff

 

Merit Order Despatch Principle

MSW plants exempted from Merit Order Dispatch

Not availablefor other technologies

Subsidy or/and incentives by government

Not available

Rebate

Technology

Rebate

Biomass

1% for payment within 1 month of presentation of bills.

Bagasse based cogeneration

 

Late payment interest

Technology

Interest

Biomass

1% per month for payment beyond 60 days of presentation of bills.

Bagasse based cogeneration

MSW

Not mentioned

 

Links

http://www.tnerc.gov.in/

References

http://www.tnerc.gov.in/

 

 

 

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