The B

The B

The B

The B

EX

PUBLI

(NO.PATNA 899) PAT

Bihar

Vidyut B

No. BERC-Case No.

section 61 read with section

all other powers enabling the

Commission hereby makes 4

Determination from Solar E

Principal Regulations) notif

August, 2010.

1.

Short title, exten

(i)

These Reg

Commissi

Solar Ener

(ii)

These Reg

REGISTERED

Bihar Gazett

Bihar Gazett

Bihar Gazett

Bihar Gazett

XTRA ORDINARY

SHED BY AUTHORITY

21 ASHWIN 1938(S)

TNA, THURSDAY, 13TH OCTOBER 2

r Electricity Regulatory Commission

Bhawan-II, Bailey Road, Patna – 800 021

———————

NOTIFICATION

The 13^th October 2016

-SMP-22/2016/05–– In exercise of powers con

181 (2) (zd) of Electricity Act, 2003 (Act 36 o

e Commission in this behalf, the Bihar Electricit

4^th amendment in the Bihar (Terms and Conditio

Energy Sources) Regulations, 2010 (hereinafte

fied vide no. BERC-Regl/Solar-2/2010-03-24

nt and commencement

gulations shall be called the Bihar Electricity

on (Terms and Conditions for Tariff Determ

rgy Sources) (4^th Amendment) Regulations, 201

gulations extend to the whole of the State of Bih

NO. PT.-40

tetetete

2016

nferred under

of 2003), and

ty Regulatory

ons for Tariff

er referred as

47 dated 2^nd

y Regulatory

mination from

6.

ar.

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,

Secretary.

————

PUBLISHED AND PRINTED BY THE SUPERINTENDENT,

BIHAR SECRETARIAT PRESS, PATNA.

Bihar Gazette (Extra) 899—571+400—Egazette

Website: http://egazette.bih.nic.in