REGISTERED NO. PT.-40

EXTRA ORDINARY

PUBLISHED BY AUTHORITY

6 AGRAHAYANA 1947(S)

(NO.PATNA 1736) PATNA, THURSDAY, 27TH NOVEMBER 2025

BIHAR ELECTRICITY REGULATORY COMMISSION

———

NOTIFICATION

The 7th November 2025

Bihar Electricity Regulatory Commission (Terms and Conditions for Tariff

determination from Renewable Energy Sources) Regulations, 2025

No. BERC-SMP-29/2025-06—In exercise of powers conferred under Sections

61,66,86(1)(e) read with Section 181 (2) (zd) of the Electricity Act, 2003 (36 of 2003), and

all other powers enabling it in this behalf, and after previous publication, the Bihar Electricity

Regulatory Commission hereby makes the following regulations, namely:

1. Short title and commencement.—

(i) These Regulations may be called the Bihar Electricity Regulatory

Commission (Terms and Conditions for Tariff determination from

Renewable Energy Sources) Regulations, 2025.

(ii) These Regulations is made effective retrospectively from 01.04.2025 for

sake of uniformity in the tariff determination and unless reviewed earlier or

extended by the Commission, shall remain in force for a period of 3 years

from the date of commencement.

(iii) These Regulations shall extend to the whole of the State of Bihar.

2. Definitions and Interpretation.—

(1) In these regulations, unless the context otherwise requires,

(a) ‘Act’ means the Electricity Act, 2003 (36 of 2003);

(b) 'Auxiliary energy consumption' or 'AUX' in relation to a period in case

of a generating station means the Quantum of energy consumed by

auxiliary equipment of the generating station, and transformer losses

within the generating station, expressed as a percentage of the sum of

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BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

gross energy generated at the generator terminals of all the units of the

generating station;

(c) ‘Biomass’ means wastes produced during agricultural and forestry

operations (for example straws and stalks) or produced as a by-product

of processing operations of agricultural produce (e.g., husks, shells, de-

oiled cakes,); wood produced in dedicated energy plantations or

recovered from wild bushes or weeds; and the wood waste produced in

some industrial operations;

(d) ‘Biomass gasification’ means a thermochemical process that converts

solid biomass into a combustible gas mixture consisting of a mixture

of carbon monoxide(CO), hydrogen (H2) and methane (CH4);

(e) ‘Biogas’ means renewable energy source produced from the

decomposition of organic matter by anerobic bacteria, resulting in a

flammable gas mixture primarily composed of methane and carbon

dioxide.

(f) ‘Capital cost’ means the capital cost of a project as referred to in

Regulations 12, 26, 27, 28, 29, 30 & 31 ;

(g) 'Commission' means the Bihar Electricity Regulatory Commission

referred to in sub-section (1) of section 82 of the Act;

(h) ‘Conduct of Business Regulations’ means the Bihar Electricity

Regulatory Commission (Conduct of Business) Regulations 2005, as

amended from time to time.

(i) ‘Control Period’ means the period during which the norms for

determination of tariff specified in these regulations shall remain valid;

(j) ‘Floating solar project’ means a solar PV power project where the

arrays of photovoltaic panels on a structure of the project float on top

of a body of water, such as artificial basin or lake, with the help of

floater, anchoring and mooring system;

(k) ‘Grid Code’ means the Central Electricity Regulatory Commission

(Indian Electricity Grid Code) Regulations, 2024 as amended from

time to time or any subsequent re-enactment thereof read with Bihar

Electricity Regulatory Commission (Bihar Electricity Grid Code)

Regulations 2010, as amendment from time to time or any subsequent

re-enactment thereof.

(l) ‘Gross calorific value’ or ‘GCV’ in relation to a fuel used in a generating

station means the heat produced in kCal by complete combustion of

one kilogram of solid fuel or one liter of liquid fuel or one standard

cubic meter of gaseous fuel, as the case may be;

(m) ‘Gross station heat rate’or ‘Gross SHR’ means the heat energy input

in kCal required to generate one kWh of electrical energy at generator

terminals of a generating station;

(n) ‘Installed capacity' or 'IC’ means the summation of the name plate

capacities of all the units of the generating station or the capacity of the

generating station (reckoned at the generator terminals). In case of

Solar PV power projects and Floating solar.

Project Installed Capacity shall be sum of name plate capacities

(Nominal AC power) of the inverters of the project;

(o) ‘Inter-connection point’ shall mean interface point of renewable

energy generating facility with the transmission system or distribution

system, where the energy is injected, as the case maybe, and include:

I. in relation to wind power projects, solar PV power projects,

renewable hybrid energy projects and renewable energy with

storage Projects, line isolator on outgoing feeder on HV side of

the pooling sub-station; and

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BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

II. in relation to small hydro projects, biomass gasifier-based power

projects, non-fossil fuel-based co-generation projects and solar

thermal power projects, line isolator on outgoing feeder on HV

side of generator transformer.

(p) ‘MNRE’ means the Ministry of New and Renewable Energy of the

Government of India;

(q) ‘Municipal solid waste’ or ‘MSW’ means and includes commercial

and domestic trash or garbage discarded by households, business or

institutions in a municipal or notified area in either solid or semi-solid

form and excludes industrial hazardous wastes, but includes treated

bio-medical wastes;

(r) ‘Non-fossil fuel-based co-generation project’ means a generating

station that uses the process in which more than one form of energy

(such as steam and electricity) are produced in a sequential manner by

use of biomass;

(s) ‘Operation and Maintenance expenses’or ‘O&M expenses’ means the

expenditure incurred on operation and maintenance of the project, or

part thereof, and includes the expenditure on manpower, repairs,

spares, consumables, insurance and overheads;

(t) ‘Project’ means a generating station or an evacuation system up to

inter- connection point, as the case may be, and in case of a small

hydro project includes all components of generating facility such as

dam, intake water conductor System Power generating station and

generating units of the scheme, as apportioned to power generation;

(u) ‘RE Pumped storage hydro project’ means a hydro power project

which generates power with the help of Renewable Energy through

water stored as potential energy, pumped from a lower elevation

reservoir to a higher elevation reservoir;

(v) ‘Refuse derived fuel’ or ‘RDF’ means segregated combustible fraction

of solid waste other than chlorinated plastics in the form of pellets or

fluff produced by drying, de-stoning, shredding, dehydrating, and

compacting combustible components of solid waste that can be used as

fuel;

(w) ‘Renewable energy’ or ‘RE’ means the electricity generated from

renewable energy sources;

(x) ‘Renewable energy project’ means a generating station that produces

electricity from renewable energy sources;

(y) ‘Renewable energy source’ means renewable source of energy such as

water, wind, sunlight, biomass, bagasse, municipal solid waste and

other such sources as approved by the MNRE;

(z) ‘Renewable energy with storage project’ means a combination of

renewable energy project with storage or a combination of renewable

hybrid energy project with storage at the same inter-connection point;

(aa) ‘Renewable hybrid energy project’ means a renewable energy project

that produces electricity from a combination of renewable energy

sources, connected at the same inter-connection point;

(bb) ‘Small hydro project’ means a hydro power project with an installed

capacity up to and including 25 MW or as defined the Govt. of India,

from time to time at a single location.

(cc) ‘Solar PV power project’ means a project that uses sunlight for direct

conversion into electricity through photovoltaic technology and is based on

technologies such as crystalline silicon or thin film or any other technology

as approved by MNRE;

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BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

(dd) ‘Solar thermal power project’ means a project that uses sunlight for

direct conversion into electricity through concentrated solar power

technology and is based on line focus or point focus principle;

(ee) ‘State Nodal Agency’ means the Bihar Renewable Energy Development

Agency (‘BREDA’) or such other entity as may be designated by the

Energy Department, Govt. of Bihar from time to time.

Provided that for these Regulations, BREDA shall be nodal agency for

preparation and submission of all reports and compliances.

(ff) ‘Storage’ means energy storage system utilizing methods and

technologies like, solid state batteries, flow batteries, pumped storage,

compressed air, fuel cells, hydrogen storage or any other technology,

to store various forms of energy and to deliver the stored energy in the

form of electricity;

(gg)‘Tariff period’ for renewable energy projects will be same as their

Useful Life and tariff period shall be considered from the date of

commercial operation of such power projects.

(hh) ‘Useful Life’ in relation to project, including dedicated evacuation

system, from the date of commercial operation of such project, shall

mean the following: -

S.No

RE Project

Useful Life

(Years counted

from CoD)

1.

Wind energy power project

25

2.

Bio mass power project with Rankine cycle

technology

25

3.

Non-fossil fuel cogeneration project

25

4.

Small Hydro Plant

40

5.

Municipal Solid Waste (MSW)/ and

20

6.

Refuse Derived Fuel (RDF) based power project

20

7.

Solar PV/Solar thermal power project

25

8

Biomass Gasifier based power project

25

9

Biogas based power project

25

(2) Save as aforesaid and unless repugnant to the context or if the subject

matter otherwise requires, words and expressions used in these regulations

and not defined, but defined in the Act, or the Indian Electricity Grid Code

or Bihar Electricity Grid code or the Central Electricity Regulatory

Commission (Terms and conditions of Tariff) Regulations, 2024 shall have

the meanings assigned to them respectively in the Act or the Indian

Electricity Grid Code or Bihar Electricity Grid code or the Central

Electricity Regulatory Commission (Terms and condition

Tariff)

Regulations, 2024.

3. Scope and extent of application.—These regulations shall apply to cases where

tariff for a grid connected generating station or a unit thereof commissioned during the

Control Period and based on renewable energy sources, is to be determined by the

Commission under Section 62 read with Section 86 of the Act:

Provided that in cases of Biomass power based on Rankine cycle,

non-fossil fuel-based cogeneration projects, Solar PV power projects, Solar

Thermal power projects, Floating Solar projects, renewable hybrid energy

projects, renewable energy with storage projects, Biomass gasifier, Biogas

power project, Municipal solid waste and Refuse derived fuel-based power

projects, these regulations shall apply subject to the fulfillment of eligibility

criteria specified in Regulation 4 of these Regulations.

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BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

4. Eligibility Criteria.—

(a) Wind power project.–The project that uses new wind turbine generators

and is located at sites, on-shore or off-shore, approved by State Nodal

Agency or Appropriate Government.

(b) Small hydro project.–The project that uses new plant and machinery and

is located at sites approved by State Nodal Agency or Appropriate

Government.

(c) Biomass power project with Rankine cycle technology.–The project that

uses new plant and machinery, is based on Rankine cycle technology, and

does not use any fossil fuel.

(d) Non-fossil fuel based co-generation project.–The project or a unit

thereof that uses new plant and machinery, and is based on topping cycle

mode of co-generation. Topping cycle mode of co-generation.–Any

facility autosensing-fossil fuel input for the power generation and also

utilizes the thermal energy generated for useful heat applications in

other industrial activities simultaneously:

Provided that for the co-generation facility to qualify under topping

cycle mode, the sum of useful power output and one half the useful thermal

output be greater than 45% of the facility’s energy consumption, during

crushing season.

Explanation- For the purposes of this clause.

(i)

‘Useful power output’ is the gross electrical output from the generator.

There will be an auxiliary consumption in the cogeneration plant itself

(e.g. electricity Consumption in running the boiler feed pump, the

FD/ID fans and other electrical appliances which are necessarily

required to run in course of production of electricity, as being an

essential component of the generation system (cycle) as per

technological requirement). In order to compute the net power output, it

would be necessary to subtract the auxiliary consumption from the gross

output. For simplicity of calculation, the useful power output is defined

as the gross electricity (kWh) output from the generator.

(ii) ‘Useful Thermal Output’ is the useful heat (steam) that is provided to

the process by the cogeneration facility.

(iii) ‘Energy Consumption’ of the facility is the useful energy input that is

supplied by the fuel (normally bagasse or other such biomass).

(iv) ‘Topping Cycle means a co-generation process in which thermal

energy produces electricity followed by useful heat application.

(v)

Solar Power project, floating solar project and solar thermal power

project.–The project is based on technologies approved by MNRE.

Provided that floating solar project installed with existing

renewable energy project other than ground mounted- Solar PV project

shall be treated as renewable hybrid energy project.

(vi) Renewable hybrid energy project.–The rated capacity of generation from

one renewable energy source is at least 25% of the rated capacity of

generation from other renewable energy source(s), which operate at the

same point of interconnection.

Provided that energy is injected into grid at the same

interconnection point and metering is done at such common

interconnection point accordingly.

(vii) Biomass gasifier based power project.–The project uses new plant and

machinery, and has a grid connected system that uses 100% producer gas

engine, coupled with gasifier technologies approved by MNRE.

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BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

(viii) Biogas based power project.–The project uses new plant and machinery

and has a grid connected system that uses 100% biogas fired engine,

coupled with biogas technology for Co-digesting agriculture residues,

manure and other bio-waste as approved by MNRE.

(ix) Municipal solid waste based power projects.–The project uses new plant and

machinery based on Rankine cycle technology, and uses municipal solid

waste as fuel for producing electricity.

(x)

Refuse derived fuel based power projects.–The project uses new plant and

machinery based on Rankine cycle technology, and uses refuse derived

fuel for producing electricity.

Chapter 1

General Principles

5. Control Period.—The Control Period or Review Period under these Regulations

shall be of three (3) years, of which the first year shall be the financial year 2025-26.

The tariff determined as per these Regulations for the RE projects

commissioned during the Control Period, shall continue to be applicable for the

entire duration of the Tariff Period as specified in Regulation 6 below.

Provided that the revision in Regulations for next Control Period shall be

undertaken six months prior to the end of the Control Period and in case

Regulations for the next Control Period are not notified until commencement of

next Control Period, the tariff norms as per these Regulations shall continue to

remain applicable until notification of the revised Regulations subject to

adjustments as per revised Regulations.

6. Tariff Period.—

(a) The Tariff Period for Renewable Energy power projects will be same as

their Useful Life as defined in Regulation 2(hh) of these Regulations.

(b) Tariff period under these Regulations shall be considered from the date of

start of commercial operation of the renewable energy generating stations.

(c) Tariff determined as per these Regulations shall be applicable for

Renewable Energy power projects, for the duration of the Tariff Period as

stipulated under Clause(a) and(b).

7. Competitive Bidding for procurement of power generated by grid connected

RE Projects.—

(a) Notwithstanding anything contained in these Regulations, the Commission

shall adopt the tariff, if such tariff has been determined through a

transparent process of bidding in accordance with the guidelines issued by

the Central Government, as envisaged under Section 63 of the Act.

(b) The tariff shall generally be determined through a transparent process of

competitive bidding in accordance with the Guidelines issued by the

Central Government under Section 63 of the Act, inter-alia for the

following types of RE Projects:

(i) Solar PV power projects;

(ii) Solar Thermal power projects;

(iii) Floating Solar power projects;

(iv) Renewable hybrid energy projects;

(v) Renewable with Storage projects;

(vi) Non-fossil fuel based cogeneration projects.

The Commission may adopt the tariff for a RE Power Project where

such tariff has been determined through a transparent process of

competitive bidding in accordance with the Guidelines issued by the

Central Government under Section 63 of the Act subject to its prudence

check under section 86(1)(b) of the Act.

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BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

Project Specific tariff.—

(1) Further, the Project Specific Tariff, under section 62 of the Act may be

determined on case to case basis by the Commission for following types of

projects:

(i)

Biomass Projects, Biomass gasifier based power projects, and biogas

based power projects.–if a project developer opts for project specific

tariff;

(ii) Solar PV power projects, floating solar projects and Solar Thermal

Power Projects;

(iii) Municipal solid waste-based power projects and refuse derived fuel

based municipal solid waste power projects.–if a project developer opts

for project specific tariff;

(iv) Renewable energy with storage projects;

(v) Other hybrid projects include renewable–renewable or renewable–

conventional sources, for which renewable technology is approved by

MNRE;

(vi) Any other new renewable energy technologies approved by MNRE.

Determination of Project specific tariff for generation of electricity from

such renewable energy sources shall be in accordance with such terms

and conditions as stipulated under relevant Regulations/Orders of

BERC/CERC.

Provided that the financial norms as specified under these Regulations,

except for capital cost, shall be ceiling norms while determining the project

specific tariff.

(2) A petition for determination of project specific tariff shall be accompanied

by such fee as may be determined by Regulations and shall be accompanied

by:

(a) Information in forms 1.1, 1.2, 2.1 and 2.2 as the case may be, and as

appended in the regulations.

(b) Detailed Project Report (DPR) outlining technical and operational

details, site specific aspects, premise for capital cost and financing

plan etc.

(c) A statement of all applicable terms and conditions and expected

expenditure for the period for which tariff is to be determined.

(d) A statement containing full details of calculation of any subsidy and

incentive received, due or assumed to be due from the Central

Government and/or State Government. This statement shall also

include the proposed tariff calculated without consideration of the

subsidy and incentive.

(e) Consent from the beneficiary for procurement of power from renewable

energy project, unless such requirement has been exempted by the Central

or State Government; and

(f) Following documents in case of a petition for determination of project

specific tariff by renewable energy projects, where tariff from such

renewable energy sources is generally determined through a competitive

bidding process in accordance with provisions of Section 63 of the Act:

i.

Rationale for opting project specific tariff instead of competitive

bidding; and

ii. Competitiveness of the proposed tariff vis-à-vis tariff discovered

through competitive bidding/ tariff prevalent in the market.

(e) Any other information that the Commission requires the petitioner to

submit.

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BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

(3) The proceedings for determination of tariff shall be in accordance with the

BERC (Conduct of Business) Regulations, 2005 and other extant applicable

Regulations.

8. Petition and proceedings for determination of tariff.—

(1) The generic tariff shall be determined by the Commission on annual basis in

accordance with these Regulations for the following types of renewable energy

projects, for which norms have been specified under the Regulations:

(a) Biomass power project based on Rankine cycle technology;

(b) Non-fossil fuel based cogeneration projects.

(c) Biomass gasifier power project.

(d) MSW/RDF power projects.

Provided that in order to facilitate flourishment of defined RE

technology areas in the state, BERC may undertake a separate exercise to

determine the feed-in-tariff for following technology areas along with capacity

limit of less than 5 MW considering the state centric scenarios.

(i)

Solar PV Projects

(ii)

Small Hydro Projects

(iii) Wind Power Projects)

(iv) Hybrid RE Projects (Solar/Wind+Other Renewable Energy Technologies)

The generic tariff determined for a particular type of RE project for the year in

which an RE project is commissioned, shall be applicable for such RE Project of

same type and shall remain valid for the tariff period.

9. Tariff Structure.—The tariff for renewable energy sources shall consist of the

following components:

(a) Return on Equity (RoE);

(b) Interest on loan;

(c) Depreciation;

(d) Interest on working capital;

(e) Operation and Maintenance expenses;

For renewable energy projects having fuel cost component, like biomass

power projects with Rankine cycle technology, biomass gasifier based power

projects, biogas based power projects, non-fossil fuel based co-generation

projects and refuse derived fuel based power projects, single part tariff with two

components, fixed cost component and fuel cost component, shall be determined.

10. Tariff Design.—

(1) The generic tariff shall be determined, on levelized basis, considering the

year of commissioning of the project, for the tariff period of the project:

Provided that for renewable energy projects having single part

tariff with two components, fixed cost component shall be determined on

levelized basis considering the year of commissioning of the project while

fuel cost component shall be determined on year of operation basis in the

Tariff Order to be issued by the Commission.

(2) For the purpose of levelized tariff computation, discount factor equivalent

to post-tax weighted average cost of capital shall be considered.

(3) The above principles shall also apply for project specific tariff.

11. Treatment for Over-Generation.—In case a renewable energy project, in a

given year, generates energy in excess of the capacity utilization factor or plant load

factor, as the case may be, and as specified under these Regulations, the renewable energy

project may sell such excess energy in the market under bilateral or collective transactions,

provided that the first right of refusal for such excess energy shall vest with the concerned

beneficiary. In case the concerned beneficiary purchases the excess energy, the tariff for

such excess energy shall be equal to the tariff applicable for that year.

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BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

12. Dispatch principles for electricity generated from Renewable Energy

Sources.—

(1) All renewable energy power plants except for biomass power plants with

installed capacity of 10 MW and above, and non-fossil fuel based

cogeneration plants shall be treated as ‘MUST RUN’ power plants and

shall not be subjected to ‘merit order dispatch’ principles.

(2) The biomass power generating station with an installed capacity of 10

MW and above and all non-fossil fuel based co-generation projects shall

be subjected to scheduling and dispatch code as specified under extant

Bihar Electricity Grid Code (BEGC) and BERC (Deviation Settlement

Mechanism and Related Matters) Regulations including amendments

thereto.

(3) Scheduling of wind and solar energy shall be governed as per the

aforesaid provisions of Bihar Electricity Grid Code (BEGC) and BERC

(Deviation Settlement Mechanism and Related Matters) Regulations

including amendments thereto.

Chapter 2

Financial Principles

13. Capital Cost.—Norms for capital cost, as specified in relevant chapters of these

regulations, shall be inclusive of land cost, pre-development expenses, all capital works

including plant & machinery, civil work, erection, commissioning, financing cost, interest

during construction, and evacuation infrastructure up to inter-connection point.

Provided that for project specific tariff determination, the generating

company shall submit the break-up of capital cost items along with its petition

in the manner specified under Regulation 8.

14. Debt Equity Ratio.—

a.

For determination of generic tariff and project specific tariff, the debt

equity ratio shall be considered as 70:30.

Provided that, for project specific tariff, where the equity

actually deployed is more than 30% of the capital cost, equity in excess

of 30% shall be treated as normative loan;

Provided further that for project specific tariff where equity

actually deployed is less than 30% of the capital cost, the actual equity

shall be considered for determination of tariff;

Provided also that the equity invested in foreign currency shall

be designated in Indian rupees on the date of each investment;

Provided also that debt equity ratio shall be considered after

deducting the amount of Grant or capital subsidy, if any, received for

the project for arriving at the amount of debt and equity; and premium,

if any, raised by the generating company, while issuing share capital

and investment of internal resources created out of its free reserve, for

the funding of the project, shall be reckoned as paid up capital for the

purpose of computing return on equity, only if such premium amount

and internal resources are actually utilized for meeting the capital

expenditure of the renewable energy project.

b.

The project developer shall submit the resolution of the Board of the

company or approval of the competent authority in other cases

regarding infusion of funds from internal resources in support of the

utilization made or proposed to be made to meet the capital

expenditure of the renewable energy project.

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15. Loan Tenure and Interest on Loan.—

(1) Loan Tenure.—For determination of generic tariff and project specific

tariff, loan tenure of 15 years shall be considered.

(2) Interest on Loan.—

(a)

The loans arrived at in the manner indicated in Regulation 14 shall be

considered as gross normative loan for calculation for interest on loan.

For project specific tariff, the normative loan outstanding as on 1st of

April of every year shall be worked out by deducting the cumulative

repayment up to 31st March of previous year from the gross normative

loan.

(b)

For the purpose of computation of tariff, normative interest rate of

two hundred (200) basis points above the average State Bank of India

Marginal Cost of Funds based Lending Rate (MCLR) (one-year tenor)

prevalent during the last available six months shall be considered.

(c)

Notwithstanding any moratorium period availed by Project developer,

the repayment of loan shall be considered from the first year of

commercial operation of the project and shall be equal to the annual

depreciation allowed.

16. Depreciation.—

a.

The value base for the purpose of depreciation shall be the capital cost

of the project admitted by the Commission. The salvage value of the

project shall be considered as 10% and depreciation shall be allowed up

to maximum of 90% of the capital cost of the project:

Provided that, no depreciation shall be allowed to the extent of grant or

capital subsidy received for the project.

b. Depreciation rate of 4.67 % per annum for first 15 years shall be

considered. The remaining depreciation shall be spread during remaining

useful life of the RE projects considering the salvage value of the project as

10% of project cost.

c.

Depreciation shall be computed from the first year of commercial

operation;

Provided that, for determination of project specific tariff, in

case of commercial operation of the project for part of the year,

depreciation shall be computed on pro-rata basis.

17. Return on Equity.—

a.

The value base for equity shall be as determined under Regulation 14.

b. The normative Return on Equity shall be 14%. The normative Return on

Equity shall be grossed up by the latest available notified Minimum

Alternate Tax (MAT) rate for the first 20 years of the Tariff Period and by

the latest available notified Corporate Tax rate for the remaining Tariff

Period.

18. Interest on Working Capital.—

a.

The Working Capital requirement in respect of solar PV power projects, floating

solar projects, solar thermal power projects, municipal solid waste based power

projects and refuse derived fuel based power projects and renewable energy with

storage projects shall be computed in accordance with the following:

i.

Operation and Maintenance expenses for one month;

ii.

Receivables equivalent to 45 days of tariff for sale of electricity

calculated on normative Capacity Utilization Factor; and

iii.

Maintenance

spares

equivalent

to 15%

of

Operation

and

Maintenance expenses.

b. The Working Capital requirement in respect of biomass power projects with

Rankine cycle technology, biomass gasifier based power projects and non-fossil

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BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

fuel based co-generation projects shall be computed in accordance with the

following:

i.

Fuel costs for four months equivalent to normative Plant Load

Factor; however, in case of non-fossil fuel co-generation, fuel cost

for one month will be considered.

ii.

Operation and Maintenance expense for one month;

iii. Receivables equivalent to 45 days of tariff for sale of electricity

calculated on the plant load factor; and

iv. Maintenance

spares

equivalent

to 15%

of

Operation

and

Maintenance expenses.

c.

In case of renewable hybrid energy projects, the Working Capital

requirement shall be sum of the Working Capital requirement determined as

per norms applicable for respective renewable energy sources, in proportion

to their rated capacity in the project.

d. Interest on Working Capital shall be at interest rate equivalent to the

normative interest rate of three hundred and twenty five (325) basis points

above the average State Bank of India Marginal Cost of Funds based

Lending Rate (MCLR) (one-year tenor) prevalent during the last available

six months.

19. Calculation of capacity utilization factor and plant load factor.—The number of

hours in a year for calculation of capacity utilization factor and plant load factor, as the

case may be, shall be considered as 8766.

20. Operation and Maintenance Expenses.—

a.

‘Operation and Maintenance or O&M expenses’ shall comprise of repair

and maintenance (R&M), establishment including employee expenses,

and administrative and general expenses.

b. Operation and Maintenance expenses shall be determined for the Tariff

Period of the project based on normative O&M expenses specified in

these regulations for the first year of the Control Period.

c.

Normative O&M expenses allowed during first year of the Control Period

i.e. financial year 2022-23 under these regulations shall be escalated at the

rate of 3.84% per annum for the Tariff Period.

21. Rebate.—

a.

For payment of bills of the generating company through revolving and

valid letter of credit on presentation or through National Electronic Fund

Transfer (NEFT) or Real Time Gross Settlement (RTGS) payment mode

within a period of 5 days of presentation of bills, a rebate of 1.5% on bill

amount shall be allowed.

Explanation: In case of computation of ’5 days’, the number of days shall be

counted consecutively without considering any holiday.

However, in case the last day or 5th day is official holiday, the

5th day for the purpose of rebate shall be construed as the

immediate succeeding working day.

b.

Where payments are made on any day after 5 days within a period of one

month from date of presentation of bills by the generating company, a

rebate of 1% shall be allowed.

22. Late payment surcharge.—In case the payment of any bill for charges payable

under the regulations is delayed beyond a period of 45 days from the date of presentation

of bills, a late payment surcharge as specified in the Ministry of Power - Electricity (Late

Payment Surcharge and Related Matters) Rules, 2022 as amended from time to time shall

be levied by the generating company.

12

BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

23. Subsidy or incentive by the Central or the State Government.—

a. The Commission shall take into consideration any incentive, grant or

subsidy from the Central or State Government, including accelerated

depreciation benefit, availed by the project, while determining the tariff

under these regulations:

Provided that the following principles shall be considered for ascertaining

income tax benefit on account of accelerated depreciation, if availed, for the

purpose of tariff determination:

(i)

Assessment of benefit shall be based on normative capital cost,

accelerated depreciation rate and corporate income tax rate as per relevant

provisions of Income Tax Act, 1961 as amended from time to time; and

(ii) Capitalization of renewable energy projects during second half of the

fiscal year.

(iii) Per unit benefit shall be derived on levelized basis at discount factor

equivalent to weighted average cost of capital.

b. Any grant, subsidy or incentives availed by renewable energy project,

which is not considered at the time of determination of tariff, shall be

deducted by the beneficiary in subsequent bills after receipt of such grant,

subsidy or incentive in suitable instalments or within such period as may

be stipulated by the Commission.

c. In case the Central or State Government or their agencies

provide any generation-based incentive, which is specifically over and

above the tariff, such incentive shall neither be taken into account while

determining the tariff nor be deducted by the beneficiary in subsequent bills

raised by the particular Renewable energy project.

24. Statutory Charges.—The renewable energy project developer shall recover from

the beneficiaries, the statutory charges imposed by the State and Central Government such

as water cess, electricity duty on auxiliary consumption subject to maximum of normative

auxiliary consumption.

Chapter 3

Parameters for biomass power projects based on Rankine cycle technology

25. Capital Cost

a. The normative capital cost for first year of the Control Period i.e.

financial year 2025-26 shall be as under:

Biomass power projects based on Rankine cycle

technology

Capital Cost

(₹ lakhs/

MW)

Project (other than rice straw and juliflora (plantation)

based project) with water-cooled condenser

638

Project (other than rice straw and Juliflora (plantation)

based project) with air-cooled condenser

685

For rice straw and juliflora (plantation) based project with

water-cooled condenser

697

For rice straw and juliflora (plantation) based project with

air-cooled condenser

744

b. The capital cost for biomass power projects based on Rankine cycle

technology as specified for first year of the Control Period shall remain

valid for the entire duration of the Control Period unless reviewed earlier

by the Commission.

13

BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

26. Plant Load Factor.— For the purpose of determination of tariff, the Plant Load

Factor Shall be considered as 80%.

27. Auxiliary Consumption.—The normative auxiliary consumption shall be as

follows: -

(a) For projects using water-cooled condenser:10%

(b) For projects using air-cooled condenser: 12%

28. Station Heat Rate.—The Station Heat Rate shall be:

(a) For projects using travelling grate boilers: 4200 KCal/KWh

(b) For projects using AFBC boilers: 4125 KCal/KWh

29. Operation and Maintenance expenses.—Normative O&M Expenses for the first

year of the Control Period i.e. financial year 2025-26 shall be ₹56.05 lakhs per MW and

shall be escalated at the rate at the rate specified in Regulation 20 of these Regulations for

the Tariff Period.

30. Use of Fossil Fuel.—The use of fossil fuels shall not be allowed:

Provided that for biomass power projects based on Rankine cycle

technology commissioned on or before 31.03.2017, use of fossil fuels to the

extent of 15% in terms of gross calorific value on annual basis, shall be

allowed for the Useful Life of the project from the date of commercial

operation.

31. Gross Calorific Value.—The gross calorific value of biomass fuel, for the

purpose of determination of tariff, shall be at 3100 KCal/kg.

32. Fuel Cost.— Biomass fuel price during first year of the Control Period i.e.

financial year 2025-26 shall be ₹4472.72/ MT and shall be escalated at the rate of 3.45%

per annum to arrive at the base price for subsequent years of the Control Period, unless

reviewed earlier by Commission. For the purpose of determining levelized tariff, a

normative escalation factor of 3.45% per annum shall be applicable on biomass fuel price.

Chapter 4

Parameters for non-fossil fuel based co-generation Projects

33. Capital Cost.— Normative capital cost for the non-fossil fuel based

co-generation projects shall be ₹ 562 lakhs/MW for the first year of Control Period i.e.

financial year 2025-26 and will remain valid for the entire duration of the Control Period

unless reviewed by the Commission.

34. Plant Load Factor.—The plant load factor shall be considered as 53% for the

computation of tariff.

35. Auxiliary Consumption.—The auxiliary consumption shall be considered as

8.5% for the computation of tariff.

36. Station Heat Rate.—The Station Heat Rate of 3600 KCal/ KWh for power

generation component alone shall be considered for computation of tariff for non-fossil

fuel based co-generation projects.

37. Gross Calorific Value.—The gross calorific value for bagasse shall be

considered as 2250 KCal/kg. For the use of biomass fuels other than bagasse, gross

calorific value as per SHR specified under Regulation 37 shall be applicable.

38. Fuel Cost.—

a. The price of bagasse for first year of the Control Period i.e. financial year

2025-26 shall considered as ₹2859.32/ MT and shall be escalated at the

rate of 3.45% per annum to arrive at the base price for subsequent years

of the Control Period, unless specifically reviewed by Commission. For

the purpose of determining levelized tariff, a normative escalation factor

of 3.45% per annum shall be applicable on bagasse prices.

b. For use of biomass other than bagasse in non-fossil fuel based co-

generation projects, the biomass prices as specified under Regulation 33

shall be applicable.

14

BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

39. Operation and Maintenance expenses.—Normative O&M expenses during the

first year of the Control Period, i.e. financial year 2025-26, shall be ₹29.60 lakhs per MW

and shall be escalated at the rate specified in Regulation 20 of these Regulations for Tariff

Period.

Chapter 5

Parameters for biomass gasifier based power projects

40. Capital Cost.—Normative capital cost for biomass gasifier based power projects

shall be ₹677 lakhs/MW during first year of Control Period i.e. financial year 2025-26 and

will remain valid for the entire duration of the Control Period unless reviewed earlier by the

Commission.

41. Plant Load Factor.—Plant load factor for determination of tariff shall be

considered as 85%.

42. Auxiliary Consumption.—The auxiliary consumption shall be considered as

10% for the determination of tariff.

43. Specific fuel consumption.—Normative specific fuel consumption shall be 1.25

kg per kWh.

44. Operation and Maintenance expenses.—Normative O&M expenses for the

first year of the Control period i.e. financial year 2025-26 shall be ₹ 74.02 lakhs per

MW and shall be escalated at the rate specified in Regulation 20 of these Regulations

for Tariff Period.

45. Fuel Cost.—Biomass fuel price for biomass gasifier-based power projects shall

be the same as for biomass power project based on Rankine cycle technology as

mentioned.

Chapter 6

Parameters for municipal solid waste based power projects and

refuse derived fuel based power projects.

46. Capital Cost.—The capital cost for the power projects which use MSW based on

Rankine Cycle Technology shall be ₹1500 Lakhs/MW and for refuse derived fuel based

Power Plant shall be ₹900 Lakhs/MW

47. Plant Load Factor.—

a. Plant load factor for determining tariff for municipal solid waste based

power project sand refuse derived fuel-based power projects shall be:

Sl. No.

Plant load factor

MSW

RDF

(a)

During stabilization period

65%

65%

(b)

During the remaining period of the first year

(after stabilization period)

65%

65%

(c)

2nd year onwards

75%

80%

b. The stabilization period shall not be more than 6 months from the date of

commercial operation of the project.

48. Auxiliary Consumption.—The auxiliary consumption for determination of tariff

shall be considered as 15%.

49. Station Heat Rate.—The Station Heat Rate for determination of tariff shall be

considered as 4200 Kcal/KWh.

50. Operation and Maintenance Expenses.—Normative O&M expenses for the first

year of the Control period i.e. financial year 2025-26 shall be ₹75.67 lakhs per MW for RDF and

126.10 lakhs per MW for MSW project sand shall be escalated at the rate specified in Regulation

19 of these Regulations for Tariff Period.

51. Gross Calorific Value.—

a. The gross calorific value of RDF for the purpose of determination of tariff

shall be at 2500 Kcal/kg.

b. The gross calorific value of MSW shall be determined by the Commission

on a case to case basis while determining the project specific tariff.

15

BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

52. Fuel-Cost.—

a. Price of refuse derived fuel during financial year 2025-26 shall be

considered as ₹2620.49 per MT and shall be escalated at the rate of 3.45%

per annum to arrive at the base price for subsequent years of the Control

Period, unless specifically reviewed by Commission. For the purpose of

determining levelized tariff, a normative escalation factor of 3.45% per

annum shall be applicable.

Fuel cost shall be considered as nil for municipal solid waste:

Provided that the Commission may consider allowing transportation cost

of such fuel while determining the project specific tariff.

Chapter 7

Parameters for solar PV power projects, solar thermal power

projects and floating solar projects

53. Capital Cost.—The Commission shall determine only project specific capital costs

considering the prevailing market trends.

54. Capacity Utilization Factor.— The Commission shall only approve capacity

utilisation factors for project specific tariffs:

Provided that the minimum capacity utilization factor for solar PV power

projects, solar thermal power projects and floating solar projects shall be 19%:

55. Operation and Maintenance expenses.—The Commission shall determine

only project specific O&M expenses considering the prevailing market trends.

56. Auxiliary Consumption.—The Commission shall only approve auxiliary

consumption for project specific tariffs:

Provided that the maximum auxiliary consumption for solar PV power

projects and floating solar projects shall be 0.75%;

Provided further that the maximum auxiliary consumption for solar

thermal power projects shall be 10%;

Chapter 8

Parameters for renewable energy with storage project

57. Capital Cost.—The Commission shall determine only project specific capital costs

for renewable energy with storage projects considering the prevailing market trends.

58. Storage Efficiency

(1) The Commission shall approve the storage efficiency only for project specific

tariffs.

Provided that the minimum efficiency for storage based on the

technology of solid state batteries shall be 85%:

(2) Efficiency of the storage component of renewable energy with a storage project

shall be measured as the ratio of output energy received from storage and input

energy supplied to the storage component of such project on an annual basis.

59. Operation and Maintenance expenses.—The Commission shall determine only

project specific O&M expenses considering the prevailing market trends.

60. Tariff determination for Energy Storage.—The tariff for renewable energy with

storage project shall be a composite tariff or differential tariff based on the time of day,

determined for energy supplied from the Project, including the energy supplied from the storage

facility:

Provided that such tariff may be determined for the supply of power on

round the clock basis or for time periods as agreed by the Project Developer and

Beneficiary.

16

BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

Chapter 9

Parameters for Renewable Hybrid Energy Projects

61. Capital Cost.—The capital cost shall be determined on a project specific basis

considering the prevailing market trends.

62. Capacity Utilization Factor.—

(1) The Commission shall determine only project specific capacity utilisation

factor in respect of renewable hybrid energy projects, taking into consideration

the proportion of rated capacity of each renewable energy source and

applicable capacity utilisation factor for such renewable energy sources, as the

case may be. Provided that the minimum capacity utilization factor for

renewable hybrid energy projects shall be 30% when measured at the inter-

connection point, where the energy is injected into the grid.

63. Operation and Maintenance expenses.—The Commission shall determine only

project specific O&M expenses considering the prevailing market trends.

64. Tariff.—The tariff for a renewable hybrid energy project shall be a composite

levelised tariff for the project as a whole by factoring in the tariff components up to the minimum

of the useful life of the RE technologies combined for such RE hybrid Project:

Provided that, in case any of the RE technologies combined for the RE hybrid project

is left with a further useful life, the levelised tariff for the remaining useful life of such RE

technology shall be determined separately by factoring in the tariff components for the

remaining useful life.

Chapter 10

Miscellaneous

65. Deviation from norms.—Tariff for electricity generated from a generating

station based on renewable energy sources, may also be agreed between the generating

company and beneficiary, in deviation from the norms specified in these regulations:

Provided that the levelized tariff of the generating station calculated on the basis

of the norms specified in these regulations shall be the ceiling levelized tariff.

66. Guidelines of Competent Authority.—Policy/guidelines issued by the Ministry

of Power, Government of India, MNRE, State Government and any other competent authority

in this regard from time to time shall prevail.

67. Power to Relax.—The Commission may by general or special order, for reasons

to be recorded in writing, and after giving an opportunity of hearing to the parties likely to

be affected may relax any of the provisions of these regulations on its own motion or on an

application made before it by an interested person.

68. Power to remove difficulties.—If any difficulty arises in giving effect to the

provisions of these regulations, the commission may, be general or specific order, make such

provisions not inconsistent with the provisions of the Act, as may appear to be necessary for

removing the difficulty.

69. Power to Amend.—The Commission may from time to time add, vary, alter,

modify or amend any provisions of these regulations on its own motion or on any

application made before it by an interested person.

70. Repeal and savings.—Save as otherwise provided in these regulations, Bihar

Electricity Regulatory Commission (Terms and Conditions for Tariff Determination from

Renewable Energy Sources) Regulations, 2022 and its amendments are hereby repealed.

By order of the Commission,

Sd-Illegible,

Secretary, BERC.

17

BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

APPENDIX

Form-1.1: Form Template for the projects having single part tariff

(Only fixed charge component)

Sl.

No

Assumption

Head

Sub-Head (1)

Sub-Head (2)

Unit

Parameter

1

Power

Generation

Capacity

Installed Power Generation Capacity

Auxiliary Consumption factor

CUF/ PLF

Commercial Operation Date

Useful Life

MW %

%

mm/yyyy years

2

Project Cost

Capital

Cost/MW

Normative Capital Cost

Capital Cost

Capital Subsidy, If any

Net Capital Cost

Rs.Lakh/ MW

Rs. Lakh

Rs. Lakh

Rs. Lakh

3

Financial

Assumptions

Debt Equity

Debt

Component

Equity

Component

Depreciation

Incentives

Tariff Period

Debt

Equity

Total Debt Amount

Total Equity Amount

Loan Amount

Moratorium Period

Repayment Period (include

Moratorium)

Interest Rate

Equity amount

Return on Equity for first 20 years

Return on Equity 21th year onwards

Discount Rate

Depreciation Rate for 1st 10 Yrs.

Depreciation Rate 11th years onward

Generation Based Incentives. If any

Period for GBI

Years

%

%

Rs. Lakh

Rs. Lakh

Rs. Lakh

Years

Years

%

Rs.Lakh

%p.a

%p.a

%

%

%

Rs. Lakh p.a.

Years

4

Operation &

Maintenance

Normative

O&M expense

O&M

expanses per

annum

Escalation

factor for

O&M expense

Rs. Lakh/MW

Rs. Lakh

%

5

Working

Capital

O&M

expense

Receivables

Maintenance

Spares

Interest on

Working

Capital

% of O&M expenses

Month

Days

%

% p.a

18

BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

Form-1.2

Form Template for the projects having two part tariff

(fixed & variable charges component)

Sl.

No.

Assumption

Head

Sub-Head

Sub-Head(2)

Unit

Parameter

1

Power

Generation

Capacity

Installed Power Generation Capacity

Auxiliary Consumption factor

CUF/ PLF (during stabilization upto

6 months)

CUF/PLF (during 1st year

stabilization)

CUF/PLF (2nd year onwards)

Commercial Operation Date

Useful life

MW %

%

%

%

mm/yyyy

years

2

Project Cost

Capital Cost/MW Normative Capital Cost

Capital Cost

Capital Subsidy, If any

Net Capital Cost

Rs.Lakh/ MW

Rs. Lakh

Rs. Lakh

Rs. Lakh

3

Financial

Assumptions

Debt Equity

Debt

Component

Equity

Component

Depreciation

Incentives

Tariff Period

Debt

Equity

Total Debt Amount

Total Equity Amount

Loan Amount

Moratorium Period

Repayment Period (include Moratorium)

Interest Rate

Equity amount

Return on Equity for first 20 years

Return on Equity 21th year onwards

Discount Rate

Depreciation Rate for 1st 10 Yrs.

Depreciation Rate 11

th years onward

Generation Based Incentives. If any

Period for GBI

Years

%

%

Rs. Lakh

Rs. Lakh

Rs. Lakh

Years

Years

%

Rs.Lakh

%p.a

%p.a

%

%

%

Rs. Lakh

p.a. Years

4

Operation &

Maintenance

Normative

O&M expense

O&M expanses

per annum

Escalation

factor for O&M

expense

Rs. Lakh/MW

Rs. Lakh

%

5

Working

Capital

O&M expense

Receivables

Maintenance

Spares

Interest on

Working Capital

% of O&M expenses

Month

Days

Rs.Lakh %

%p.a

6

Fuel related

assumptions

Specific Fuel

consumption

During stabilization

Post stabilization

kg/Kwh kg/Kwh

Fuel Type &

mix

fuel type-1

fuel type-2

Biodegradable Municipal Solid Waste

Specific Fuel Consumption fuel type 1

Specific Fuel Consumption fuel type 2

Specific Fuel Consumption MSW

Price (fuel type-1)/yr-1

Price (fuel type-2)/yr-1

Biodegradable Municipal Solid Waste

Price/yr-1

fuel price escalation factor

%

%

%

Kg/Kwh

Kg/Kwh

Kg/Kwh

Rs/MT

Rs/MT

Rs/MT

%p.a

19

BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

Form-2.1: Form Template for the projects having single part tariff

(fixed charge component)

Units Generation

Unit

Yr-1

Yr-2

Yr-3

Yr-4

Yr-5

Yr-6

Yr-7

Yr-8

Yr-9

yr-10

Yr-11

Yr-12

Yr-13

Installed Capacity

MW

Net Generation

MU

Units Generation

Unit

Yr-14

Yr-15

Yr-16

Yr-17

Yr-18

Yr-19

Yr-20

Yr-21

Yr-22

Yr-23

Yr-24

Yr-25

Installed Capacity

MW

Net Generation

MU

Tariff Components (Fixed charge)

Unit

Yr-1

Yr-2

Yr-3

Yr-4

Yr-5

Yr-6

Yr-7

Yr-8

Yr-9

Yr-10

Yr-11

Yr-12

Yr-13

O&M Expenses

Rs Lakh

Depreciation

Rs Lakh

Interest on term loan

Rs Lakh

Interest on working Capital

Rs Lakh

Return on Equity

Rs Lakh

Total Fixed Cost

Rs Lakh

Tariff Components (Fixed

charge)

Unit

Yr-14

Yr-15

Yr-16

Yr-17

Yr-18

Yr-19

Yr-20

Yr-21

Yr-22

Yr-23

Yr-24

Yr-25

O&M Expenses

Rs Lakh

Depreciation

Rs Lakh

Interest on term loan

Rs Lakh

Interest on working Capital

Rs Lakh

Return on Equity

Rs Lakh

Total Fixed Cost

Rs Lakh

Per Unit Tariff components (fixed)

Unit

Yr-1

Yr-2

Yr-3

Yr-4

Yr-5

Yr-6

Yr-7

Yr-8

Yr-9

Yr-10

Yr-11

Yr-12

Yr-13

PU O&M Expenses

Rs/kWh

PU Depreciation

Rs/kWh

PU Interest on term loan

Rs/kWh

PU Interest on working Capital

Rs/kWh

PU Return on Equity

Rs/kWh

PU Tariff Components (Total)

Rs/kWh

Per Unit Tariff components (fixed)

Unit

Yr-14

Yr-15

Yr-16

Yr-17

Yr-18

Yr-19

Yr-20

Yr-21

Yr-22

Yr-23

Yr-24

Yr-25

PU O&M Expenses

Rs/kWh

PU Depreciation

Rs/kWh

PU Interest on term loan

Rs/kWh

PU Interest on working Capital

Rs/kWh

PU Return on Equity

Rs/kWh

PU Tariff Components (Total)

Rs/kWh

Levellised Tariff

Unit

Yr-1

Yr-2

Yr-3

Yr-4

Yr-5

Yr-6

Yr-7

Yr-8

Yr-9

Yr-10

Yr-11

Yr-12

Yr-13

Discount Factors

Discounted Tariff components (total)

Rs/kWh

Levellised Tariff (total)

Rs/kWh

Levellised Tariff

Unit

Yr-14

Yr-15

Yr-16

Yr-17

Yr-18

Yr-19

Yr-20

Yr-21

Yr-22

Yr-23

Yr-24

Yr-25

Discount Factors

Discounted Tariff components (total)

Rs/kWh

Levellised Tariff (total)

Rs/kWh

20

BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

Form-2.2

Form Template for the projects having two part tariff

(fixed & variable charges component)

Units Generation

Unit

Yr-1

Yr-2

Yr-3

Yr-4

Yr-5

Yr-6

Yr-7

Yr-8

Yr-9

yr-10

Yr-11

Yr-12

Yr-13

Installed Capacity

MW

Net Generation

MU

Units Generation

Unit

Yr-14

Yr-15

Yr-16

Yr-17

Yr-18

Yr-19

Yr-20

Yr-21

Yr-22

Yr-23

Yr-24

Yr-25

Installed Capacity

MW

Net Generation

MU

Tariff Components (Fixed charge)

Unit

Yr-1

Yr-2

Yr-3

Yr-4

Yr-5

Yr-6

Yr-7

Yr-8

Yr-9

Yr-10

Yr-11

Yr-12

Yr-13

O&M Expenses

Rs Lakh

Depreciation

Rs Lakh

Interest on term loan

Rs Lakh

Interest on working Capital

Rs Lakh

Return on Equity

Rs Lakh

Total Fixed Cost

Rs Lakh

Tariff Components (Fixed charge)

Unit

Yr-14

Yr-15

Yr-16

Yr-17

Yr-18

Yr-19

Yr-20

Yr-21

Yr-22

Yr-23

Yr-24

Yr-25

O&M Expenses

Rs Lakh

Depreciation

Rs Lakh

Interest on term loan

Rs Lakh

Interest on working Capital

Rs Lakh

Return on Equity

Rs Lakh

Total Fixed Cost

Rs Lakh

Per Unit Tariff components

(fixed & Variable)

Unit

Yr-1

Yr-2

Yr-3

Yr-4

Yr-5

Yr-6

Yr-7

Yr-8

Yr-9

Yr-10

Yr-11

Yr-12

Yr-13

PU O&M Expenses

Rs/kWh

PU Depreciation

Rs/kWh

PU Interest on term loan

Rs/kWh

PU Interest on working Capital

Rs/kWh

PU Return on Equity

Rs/kWh

PU Variable Cost

Rs./Kwh

PU Tariff Components (Total)

Rs/kWh

Per Unit Tariff components (fixed &

Variable)

Unit

Yr-14

Yr-15

Yr-16

Yr-17

Yr-18

Yr-19

Yr-20

Yr-21

Yr-22

Yr-23

Yr-24

Yr-25

PU O&M Expenses

Rs/kWh

PU Depreciation

Rs/kWh

PU Interest on term loan

Rs/kWh

PU Interest on working Capital

Rs/kWh

PU Return on Equity

Rs/kWh

PU Variable Cost

Rs./Kwh

PU Tariff Components (Total)

Rs/kWh

Levellised Tariff

Unit

Yr-1

Yr-2

Yr-3

Yr-4

Yr-5

Yr-6

Yr-7

Yr-8

Yr-9

Yr-10

Yr-11

Yr-12

Yr-13

Discount Factors

Discounted Tariff components (total)

Rs/kWh

Levellised Tariff (Fixed)

Rs/kWh

Variable component of particular year

Rs/kWh

Total Tariff

Rs/kWh

21

BIHAR GAZETTE (EXTRA) 27TH NOVEMBER 2025

———

PUBLISHED AND PRINTED BY THE SUPERINTENDENT,

BIHAR SECRETARIAT PRESS, PATNA,

BIHAR GAZETTE (EXTRA) 1736-571+10

Website:https://egazette.bihar.gov.in

Levellised Tariff

Unit

Yr-14

Yr-15

Yr-16

Yr-17

Yr-18

Yr-19

Yr-20

Yr-21

Yr-22

Yr-23

Yr-24

Yr-25

Discount Factors

Discounted Tariff components (total)

Rs/kWh

Levellised Tariff (Fixed)

Rs/kWh

Variable component of particular year

Rs/kWh

Total Tariff

Rs/kWh