Gujarat Electricity Regulatory Commission (GERC) today said that it has fixed the tariff for the solar power projects that will hold for next three years. The control period for the proposed tariff is from January 29, 2012 to March 31, 2015, an official statement said. The levelized tariffs under various categories range from Rs 8.03 per unit to Rs 11.55 per unit,the statement said. In view of the declining trend in the prices of solar photovoltaic (PV) globally, the commission has decided to reduce the tariff by seven per cent every year, during the second and third years of the control period, it said.
The final tariff applicable for projects in Gujarat looks as follows:
You may download the complete tariff order at:
Final Gujarat Solar Tariff Order 1 of 2012 (PDF File)
The much anticipated petition for extension of control period for Solar Power Plants in Gujarat will be heard tomorrow. At least thirty solar project developers have decided to file a petition before the state electricity regulator to seek extension of the current tariff regime. Developers of close to 450 MW of solar projects fear of their investments of Rs 6,750 crore becoming unviable as they are not in a position to commission their capacities before December, a deadline set by the Gujarat Electricity Regulatory Commission (GERC). They have already roped in a legal expert for ‘mass-petitions’.
GUVNL will impose penalty per day on the projects to be commissioned after the deadline. Also, the late project developers will get less return in new tariff regime, which is expected to come in place from January 2012. It is learnt that developers will plead before the GERC to extend the deadline till March end and implement new tariff regime from April 1, 2012.
The hearing schedule of GERC, shows that it has scheduled hearing of one M/s. Hiraco Renewable Energy Pvt. Ltd. and one M/s. Sandland Real Estate Pvt. Ltd for this petition for tomorrow at 11:30.
A snapshot of the hearing schedule from the website of GERC is give below.
The Gujarat Electricity Regulatory Commission (GERC), had vide its Order No.2 of 2010 dated 29.1.2010 determined the tariff for power generated from the solar power projects to be commissioned during the period from 29th January,2010 to 28th January,2012. In view of the latest trends in the field and keeping in view the interest of all the stakeholders, the Commission has decided to determine afresh the tariffs for solar projects to be commissioned after 28th January,2012.
Persons/companies interested in filing suggestions and may do so by 1st December 2011.
Cost Considered by GERC for determination of Tariff:
** This is a proposal and is NOT final Tariff Order. The conditions to be put for existing PPA’s that have not been commissioned is yet to be finalized.