The Commission notified the Central Electricity Regulatory Commission (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2012 (hereinafter “RE Tariff Regulations”) on February 6, 2012.
2 The first proviso of Regulation 5 of RE Tariff Regulations provides that the Commission may annually review the benchmark capital cost norm for Solar PV and Solar thermal power projects.
3 In exercise of powers under Regulation 5 of RE Tariff Regulations, the Commission vide Order dated 31st March, 2015, determined the Benchmark Capital Cost Norm for Solar PV power projects for the year 2015-16 (Petition No. SM/005/2015 ‐Suo‐Motu) at Rs. 605.85 lakhs/MW, and for Concentrated Solar Power (CSP) projects at Rs.12 crores/MW.
4 Accordingly, the generic tariff for Solar PV projects notified vide Order dated 31st March, 2015, in Petition No. SM/005/2015 and applicable for the financial year 2015-16 is Rs. 7.04/unit, and Rs.6.35/unit with AD benefit. For Solar Thermal power projects, levellised tariff for 2015-16 is Rs.12.05/unit, and Rs.10.80/unit with AD benefit
5 The Commission, in due discharge of the mandate under Regulation 5 of RE Tariff Regulations, proposes to determine the benchmark Capital Cost Norm for Solar PV and Solar Thermal power projects applicable during FY 2016-17, vide Petition No. 17/SM/2015 dated 23/12/2015. Comments were invited from all stakeholders till 10th January, 2016.