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Case: In Re: Determination of Benchmark Capital Cost Norm for Solar P.V. Power Projects and Solar Thermal Power Projects Vs. Central Electricity Regulatory Commission

Judgment Cited in Precedent Map Related
Vincent
JudgesPramod Deo, Chairperson, S. Jayaraman, V.S. Verma and Deena Dayalan, Members
IssueElectricity Law
Judgement DateSeptember 15, 2010
CourtCentral Electricity Regulatory Commission

Order:

(New Delhi)

  1. The Commission has notified the Central Electricity Regulatory Commission (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2009 (hereinafter "the RE Tariff Regulations") on September 16, 2009. 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 to be commissioned during FY 2009-10 (i.e. upto March 31, 2010).

  3. Subsequently, as per Regulation 5, Commission had reviewed, vide the Order dated 25.02.2010 in Petition No. 13/2010, benchmark capital cost for Solar PV power projects at Rs. 1690 Lakh/MW for the FY 2010-11. Further as per the first amendment to RE Regulations, the generic tariff determined for solar PV projects based on the benchmark capital cost and other norms applicable for 2010-11 shall also be applicable for such projects commissioned during 2011-12 subject to the condition that the power purchase agreement (PPA) is signed on or before 31.03.2011 and entire capacity covered under the PPA is signed on or before 31.03.2012.

  4. In the above referred Order, the Commission had also reviewed benchmark capital cost for Solar Thermal Power projects at Rs. 1530 Lakh/MW for the FY 2010-11. Further as per the first amendment to RE Regulations, the generic tariff determined for solar thermal projects based on the benchmark capital cost and other norms applicable for 2010-11 shall also be applicable...

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