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In our Sanctioned Projects under Municipal Solid Waste, M/s. SELCO INTERNATIONAL LTD have commissioned. |
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| Incentives |
| Generation Based Incentive for Grid Interactive Solar Power Generation Projects: |
| The Ministry of New and Renewable Energy (MNRE), Govt. of India, New Delhi vide under reference No.32/61/2007-08/PVSE dated: 29.01.2008 has communicated guidelines in February, 2008 for Generation Based Incentive for Grid Interactive Solar Power Generation Projects with a view to develop and demonstrate technical performance of grid interactive solar power generation, achieve reduction in the cost of the grid connected solar systems and the cost of Solar Power Generation in the Country. The Ministry will consider support for a maximum capacity up to 50 MW during the 11th Plan period. The Indian Renewable Energy Development Agency (IREDA) will assist the Ministry in fund handling, monitoring and other associated activities in this regard. |
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| Eligible Organisations: |
| All existing registered Companies, central and state power generation companies and public/private sector PV Power Project Developers who have set up or purpose to set up a registered company in India will be eligible for consideration of generation based incentive. Individuals, NGOs, financial institutions, societies and other unorganized investors are not eligible to participate directly. |
| Eligible Projects & Eligible Criterion in Brief: |
Grid interactive Solar PV Power Generation plants of a minimum installed capacity of 1 MWp plant at a single location will be eligible.
A maximum cumulative capacity of 10 MWp of Grid Interactive Solar PV Power generation projects can be set up in a State.
The grid interactive Solar PV Power Generation projects will be undertaken on Build Own and Operate Basis |
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| Generation Based Incentives: |
- Wherever the State Electricity Regulatory Commission have fixed a separate tariff for Solar Power or they fix the tariff for solar power during the period for which the Ministry is providing incentive, the utilities will offer a maximum of that tariff to the Solar PV Grid inactive power projects in their respective states. In absence of such tariff orders, the utilities will offer the highest tariff for purchase of power to the PV Power project developers, that is being offered by the utilities for purchasing Power in their states on medium term or the highest tariff being provided for purchase of power from any other energy source for which orders/guidelines are already issued for that state. The PPA would draw reference to the orders of the State Electricity Regulatory Commission's Order in this regard and enclose copies of the same. The Ministry will not consider proposals, which do not follow these guidelines on power purchase agreements.
- The Ministry may provide through IREDA a generation based incentive of a maximum of Rs.12/- per KWh to the eligible projects which are commissioned by 31st December, 2009, after taking into account the power purchase rate (per Kwh) provided by the State Electricity Regulatory Commisisin or utility for that project.
- The maximum amount of generation based incentive applicable for a project will be determined after deducting the power purchase rate for which PPA has been signed by the utility with a project developer, from a notional amount of Rs.15 per Kwh. In all cases the maximum amount of generation based incentive shall not exceed Rs.12 per Kwh.
- Any Project that is commissioned after 31st December, 2009 would be eligible for a maximum incentive with a 5 % reduction and ceilingof rs.11.40 Kwh.
- The generation based incentive will continue to decrease, as and when the utility sign a PPA for power purchase at a higher rate. The proposed annual escalations agreed with the utility, as in force, should be reflected in the PPA.
- The maximum period of incentive available for generation based PV project is 10 years from the date of approval and regular power generation from that project, provided utility continues to purchase power from that grid interactive PV Power Plant.
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| For more details on this please visit website ofwww.mnre.gov.in |
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