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Uttarakhand Electricity Regulatory Commission (UERC), the Indian state power regulator, has issued a draft FY 2026-27 review order dated April 07, 2026, and has invited stakeholder comments by 04.05.2026. For PV projects to be commissioned on or after 01.04.2026, UERC has proposed benchmark capital cost of INR 285.32 lakh/MW (~$313,852/MW) and generic tariff of INR 3.96/kWh (~$0.044/kWh). The proposal has been based on module price of $0.081 /Watt, annual degradation of 0.50%, applicable GST, custom duty, and CPI and WPI-linked escalation. The PV cost breakup has included INR 92.17 lakh/MW (~$101,387/MW) for PV modules, INR 40 lakh/MW (~$44,000/MW) for land, and INR 153.15 lakh/MW (~$168,465/MW) for civil works and related components. The draft has also proposed Canal Bank PV at INR 300.00 lakh/MW (~$330,000/MW) and INR 4.09/kWh (~$0.045/kWh), Canal Top PV at INR 320 Lakh/MW (~$352,000/MW) and INR 4.26/kWh (~$0.047/kWh), Solar Thermal at INR 1200 Lakh/MW (~$1,320,000/MW) and INR 11.95/kWh (~$0.131/kWh), GRPV/GSPV at INR 2/kWh (~$0.022/kWh), and BESS at INR 160 Lakh/MW (~$176,000/MW) with INR 2,54,583/MW/Month (~$2,800/MW/Month).
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