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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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