Benchmark Tariffs for Solar PV power plants announced for Rajasthan with submission dates extended to 16th March 2012

The Rajasthan Renewable Energy Corporation (RERC) has issued a suo-motu draft Tariff order for Solar Plants dated 23rd January, 2012. As per this order the generic tariff levelised for 25 years for Solar PV is summarized as under:

Generic tariff levelised for Bidding –

Solar Photo Voltaic (PV) Power Plant commissioned by 31.3.2014

–          Tariff Rs 10.12 per kWH at normal rate of Depreciation

Solar Photo Voltaic (PV) Power Plant commissioned by 31.3.2014

–       Tariff Rs 8.85 per kWH if Accelerated Rate of Depreciation is considered

As per RERC tariff order dated 23.1.2012:

i) The tariff given above would be the benchmark tariff for solar power plants and would form the basis for selection of projects for sale of power to distribution companies of the State for projects where PPA is signed by 31st March, 2013 and to be commissioned by 31st March, 2014 in the case of Solar PV Plants.

ii) For projects to be selected through competitive bidding, the prospective solar power producers would offer discounts on the benchmark tariffs issued in the final tariff order of the Commission. The PPA would be signed at the tariffs offered by the prospective solar power producers, after accounting for the discount offered on the applicable benchmark tariff.

iii) A generator claiming the higher tariff worked out for projects without AD benefit would have to furnish an undertaking in advance to the buyer regarding AD benefit not being availed and this would have to be followed for each financial year by a certificate of the Chief Executive or the person responsible for filing Income Tax return of the generating unit to the effect that AD benefit has not been claimed/availed in that financial year.

iv) The project developer to the extent of capacity contracted by signing PPA with distribution licensee would not be availing benefit of REC and such an undertaking would be incorporated in PPA.

RfS Submission Dates extended by a month

Last date of submission of RfS for setting up of 100 Solar PV Power Projects in Rajasthan under Rajasthan Solar Energy Policy, 2011 has been extended up to 16th March, 2012 from 17th February 2012. The RfS shall now be received up to 3.00 PM on Dated 16th March, 2012 in RREC office at Jaipur.

About Ritesh Pothan

Ritesh Pothan, is an accomplished speaker and visionary in the Solar Energy space in India. Ritesh is from an Engineering Background with a Master’s Degree in Technology and had spent more than a decade as the Infrastructure Head for a public limited company with the last 9 years dedicated to Solar and Renewable Energy. He also runs the 2 largest India focused renewable energy groups on LinkedIn - Solar - India and Renewables - India
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2 Responses to Benchmark Tariffs for Solar PV power plants announced for Rajasthan with submission dates extended to 16th March 2012

  1. Pingback: Rajasthan’s solar programme indefinitely postponed | Natural Group

  2. Pingback: Rajasthan back in the Solar game with an RFP for 100MW in sizes of 5 / 10 MW each for PV and 50MW for CSP | Natural Group

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