HPERC recently determined its generalized levelized tariff for Solar PV for FY 2016-17. The Commission came out; vide its proposal for categorization of solar PV projects as well as for fixing the norms for technological specific parameters, other terms and conditions and determination of generic levelized tariffs for solar PV projects up to 5.00 MW capacities.

The Commission has fixed the normative capital costs inclusive of all components as well as taxes etc. for solar PV projects up to 5.00 MW capacity by increasing the CERC benchmark capital cost of Rs. 530.02 Lakhs per MW by 7.50% up to 1 MW and 6% above 1 MW and up to 5.00 MW capacity plants for 2016-17, as given below:-

 

The Commission has thereby determined the generic levelized tariffs and the associated terms and conditions for Solar PV power plant in respect of  FY 2016-17 as given under:-

 

These tariffs will be applicable for the solar PV projects where PPAs are signed on or before 31st March 2017, after approval of the Commission and the projects are commissioned on or before 31st March, 2018.

 

The regulation can be accessed  here.