Bihar finalizes tariff for Bagasse and Biomass Projects
Bihar Electricity Regulatory Commission (BERC) in its order dated 22nd September 2014 has declared tariff for the Biomass and Bagasse based Co-gen plants. The tariff will be applicable to the plants commissioned during FY 14-15 and will be applicable until next tariff order for the same.
The details of the tariff declared are as below:
The tariff declared by the BERC has come in order to promote the biomass based power generation in the state, as the state has vast potential for biomass power. However attractive the tariffs are, since there has been no definite timeline defined for these tariffs, it would be difficult for project proponents and investors to foresee long term feasibility of projects.
The BERC order can be accessed here.
Our blog post on CERC 3rd amendment to REC Regulation can be read here.
Contributed by Dheeraj Babariya.