Coal News We love to talk!

OCT 18 2016

HERC dismissed the Petition of Star Wire (India) Vidyut Pvt. Ltd. regarding the Tariff Determination of the Bio-mass project based in Mohindergarh District of Haryana State

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 18th OCT 2016

 

The Bio-mass project of the Star Wire (India) Vidyut Pvt. Ltd. is based in Mohindergarh District of Haryana State with an aggregate installed capacity of 9.9 MW and was synchronized with the grid on 3rd May 2013. The Commission, vide order dated 20th Nov 2013, issued the impugned Order determining a generic levellised tariff of Rs. 6.97/- per kwh. The petitioner submitted that the order dated 20th Nov 2013 did not have the detailed calculation sheet annexed to the order as in the case of order dated 13th Aug 2014 & subsequent corrigendum dated 29th May 2015.

The petitioner submitted that the average PLF for the first year would be 65%. However, while determining tariff for the projects commissioned during 2013-14, the PLF for the 1st year was inadvertently taken as 70%. The Petitioner also submitted that inadvertently, the depreciation has been worked out on 90% cost of the asset, in place the entire cost of asset. The case was heard on 13.06.2016. The Commission has heard the arguments of the Petitioner and the respondents as well as their replies and written submissions including rejoinders provided in the matter. The Commission concluded that:

  • The PLF (Plant Load Factor) for the first year shall be pegged at 65% instead of 70%. Hence, the first year tariff for the biomass based power projects commissioned in the FY 2013-14 shall be accordingly corrected.

The deprecation shall be aligned with the HERC RE Regulations, 2010. However, in view of the Commission’s Order dated 9th Oct 2015 wherein the yearly tariff for the projects commissioned in the FY 2013-14 has already been revised in regard to calculation of deprecation from the date of notification of the 4th Amendment i.e. 12.08.2015, hence the same shall now be corrected for the period up to 12th Aug 2015 only.

 

 

Tags

Haryana MOHINDERGARH Grid Tariff Haryana Electricity Regulatory Commission Power India

Related News

  • Scrap mandatory approval from power-telecom panel: Solar companies  Read more
  • Era Infra lenders weigh steps to boost firms equity value  Read more
  • Domestic Natural Gas price hiked marginally  Read more
  • Power Grid Director IS Jha gets additional charge as CMD  Read more
  • Coal scam: SC flays CBI, asks SIT to submit status report on ex chief Ranjit Sinha  Read more
  • Govt may challenge coal rulings in Supreme Court  Read more
  • Power Finance Corp to open 1.5-bn-rupee bond issue on Tuesday  Read more
  • Coal bed methane, a non-issue in TN: CM  Read more
  • Green finance firmly on India and the UKs agenda  Read more
  • No option but to run Gail pipeline through farmland: Union min  Read more