CERC revises Benchmark Capital Cost, PV to Rs. 8 Crs and Thermal to Rs. 12 Crs; has asked for comments / suggestions be made before the 23rd of November 2012

CENTRAL ELECTRICITY REGULATORY COMMISSION – NEW DELHI

Petition No. 242/SM//2012 (Suo‐motu)

Date of Order: 25th October, 2012

In the matter of
Determination of Benchmark Capital Cost Norm for Solar PV power projects and Solar Thermal power projects applicable during FY 2013‐14

ORDER

1. The Commission has notified the Central Electricity Regulatory Commission (Terms and
Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2012 (hereinafter “the RE Tariff Regulations”) on February 6, 2012. The first proviso of the Regulation 5 of the RE Tariff Regulations provides that the Commission may annually review the benchmark capital cost norm for Solar PV and Solar thermal power projects.
2. The Benchmark Capital Cost Norms as stipulated under Regulation 57(1) for Solar PV power project and under Regulation 61(1) for Solar thermal power project are applicable for solar power projects for the year FY2012‐13.
3.   In exercise of the power under the Regulation 5 of RE Tariff Regulations, the Commission hereby proposes that the Benchmark Capital Cost Norm for Solar PV power projects for the year 2013‐14 shall be Rs. 800 Lakh per MW and Benchmark Capital Cost Norm for Solar thermal power projects for the year 2013‐14 shall be Rs. 1200 Lakh per MW.
4. The rationale for proposing the above Benchmark Capital Cost Norm for Solar PV power projects and Solar Thermal power projects has been elaborated in enclosed – Determination of Benchmark Capital Cost Norm for Solar PV power projects and Solar Thermal – CERC 2013-2014.

5. Comments /suggestions of the stakeholders on the above proposals are invited by 23rd November, 2012.

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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