REGISTERED NO. PT.-40 REGISTERED NO. PT.
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21 ASHWIN 1938(S)
(NO.PATNA 899) PATNA,
PATNA, THURSDAY, 13TH OCTOBER 20
2016 Bihar Electricity Regulatory Commission Bihar Electricity Regulatory
Vidyut Bhawan-II, Bailey Road, Patna – 800 021
Vidyut Bhawan
———————
NOTIFICATION
The 13th October 2016
No. BERC-Case No.
In exercise of powers conferred under Case No.-SMP-22/2016/05–– In exercise of powers conferred under section 61 read with section 181 (2) (zd) of Electricity Act, 2003 (Act 36 of 2003), and section 61 read with section 181 (2) (zd) of Electricity Act, 2003 (Act 36 of section 61 read with section 181 (2) (zd) of Electricity Act, 2003 (Act 36 of
all other powers enabling the Commission in this behalf, the Bihar Electricity Regulatory all other powers enabling the Commission in this behalf, the Bihar Electricity Regulatory all other powers enabling the Commission in this behalf, the Bihar Electricity Regulatory Commission hereby makes 4th amendment in the Bihar (Terms and Conditions for Tariff amendment in the Bihar (Terms and Conditions for Tariff Commission hereby makes 4
Determination from Solar Energy Sources) Regulations, 2010 (hereinafter referred as Determination from Solar Energy Sources) Regulations, 2010 (hereinafter Determination from Solar Energy Sources) Regulations, 2010 (hereinafter
Principal Regulations) notified vide no. BERC-Regl/Solar-2/2010-03-247 dated 2 Principal Regulations) notified vide no. BERC
247 dated 2nd August, 2010.
1. Short title, extent and commencement
Short title, extent and commencement
(i) These Regulations shall be called the Bihar Electricity Regulatory These Regulations shall be called the Bihar Electricity Regulatory These Regulations shall be called the Bihar Electricity Regulatory
Determination from Commission (Terms and Conditions for Tariff Determination from Commission (Terms and Conditions for Tariff
Solar Energy Sources) (4th Amendment) Regulations, 2016. Amendment) Regulations, 2016. Solar Energy Sources) (4
(ii) These Regulations extend to the whole of the State of Bihar. These Regulations extend to the whole of the State of Bihar. These Regulations extend to the whole of the State of Bihar.
2 BIHAR GAZETTE (EXTRA) 13TH OCTOBER 2016(iii) These Regulations shall come into force from the date of its publication in the Bihar Gazette.
2. Amendment in Regulation 5
The third proviso of the Regulation 5 shall be substituted by the following :-
"The Generic Levellised Tariff determined for any financial year
for solar PV and Solar Thermal Projects shall be applicable for
such projects for which Power Purchase Agreement (PPA) is
signed within the same period and the entire capacity covered in
the PPA is commissioned on or before 31st March of the following
year in respect of Solar PV projects and on or before 31st March
of subsequent two years in case of Solar Thermal Projects"
3. Amendment in Regulation 8
Regulation 8(1) shall be substituted by the following:
"The Commission may notify the generic preferential tariff on
Suo-motu basis in accordance with its own Regulations.
Provided that the Commission may deviate from its own
Regulation to the extent of revised norms issued by Central
Electricity Regulatory Commission till its own regulations are
amended accordingly."
4. Amendment in Regulation 10
Regulation 10(2) shall be substituted by the following:-
"For the purpose of levellised tariff computation, the discount
factor equivalent to Post Tax weighted average cost of capital
shall be considered."
5. Amendment in Regulation 14
Regulation 14(2)(b) shall be substituted by the following:-
"For the purpose of computation of tariff, the normative
interest rate shall be considered as State Bank of India (SBI)
Average Base Rate prevalent during the First six months of the
previous year plus 300 basis points."
6. Amendment in Regulation 16
Regulation 16(2)(a) shall be substituted by the following:-
3 BIHAR GAZETTE (EXTRA) 13TH OCTOBER 2016"Normative Return on Equity shall be 20% (pre-tax) per
annum for the first 10 years."
7. Amendment in Regulation 17
Regulation 17(2) shall be substituted by the following:-
"Interest on Working Capital shall be at interest rate
equivalent to the State Bank of India average Base Rate
prevalent during the first six months of the previous year plus
350 basis points."
8. Amendment in Regulation 22
Regulation 22(ii) shall be substituted by the following:-
"Capitalisation of Solar projects during second half of the
fiscal year.
Per unit benefit shall be derived on levellised basis at discount
factor equivalent to post tax weighted average cost of
capital."
9. Amendment in Regulation 27
Regulation 27(1) shall be substituted by the following:-
"Normative O&M expenses for the year FY2016-17 shall be
Rs.7 Lakhs per MW."
10. Amendment in Regulation 31
Regulation 31(1) shall be substituted by the following:-
"O&M expenses shall be Rs.18.74 lakhs/MW for FY 2016-17
for Solar Thermal Power Projects."
By the order of the Commission,
Sd,/Illegible,