WWW - Cercind.gov - in 2013 Orders SO243

CENTRALELECTRICITYREGULATORYCOMMISSION
NEWDELHI
PetitionNo.243/SM/2012(SuoMotu)
Coram:1.Dr.PramodDeo,Chairperson
2.ShriS.Jayaraman,Member
3.ShriV.S.Verma,Member
4.ShriM.DeenaDayalan,Member
Dateofhearing:8thJanuary,2013
DateofOrder:28thFebruary,2013
INTHEMATTEROF
DeterminationofgenericlevellisedgenerationtarifffortheFY201314underRegulation
8 of the Central Electricity Regulatory Commission (Terms and Conditions for Tariff
determinationfromRenewableEnergySources)Regulations,2012.
ORDER
1. TheCommissionhasnotifiedtheCentralElectricityRegulatoryCommission(Termsand
ConditionsforTariffdeterminationfromRenewableEnergySources)Regulations,2012,
on06.02.2012(hereinafterreferredtoastheRETariffRegulations),provideforterms
andconditionsandtheprocedurefordeterminationoftariffofthefollowingcategories
ofRenewableEnergy(RE)generatingstations:
(a)WindPowerProject;
(b)SmallHydroProjects;
(c)BiomassPowerProjectswithRankineCycletechnology;
(d)NonfossilfuelbasedcogenerationPlants;
(e)SolarPhotovoltaic(PV);
(f)SolarThermalPowerProjects;
(g)BiomassGasifierbasedPowerProjects;and
(h)BiogasbasedPowerProject.
OrderinPetition243/SM/2012(Suomotu)
Page1
2. The Regulations enjoin upon the Commission to determine the generic tariff on the
basis of the suomotu petition, for the RE technologies for which norms have been
providedintheRETariffRegulations.GenericTariffisdifferentfromtheprojectspecific
tariffforwhichaprojectdeveloperhastofilepetitionbeforetheCommissionasperthe
formatprovidedintheRETariffRegulations.Pertinently,projectspecifictariffhasbeen
envisaged for the new RE technologies and the technologies which are still at the
nascentstageofdevelopment,andtheCommissionshalldeterminetheprojectspecific
tariffforsuchtechnologiesonacasetocasebasis.
3. Clause (1) of Regulation 8 of the RE Tariff Regulations provides that the Commission
shalldeterminethegenerictariffonthebasisofsuomotupetitionatleastsixmonthsin
advance at the beginning of each year of the Control period for renewable energy
technologies for which norms have been specified under the Regulations. The
Commission has notified the RE Tariff Regulations on 06.02.2012 and subsequently
issuedagenericsuomotutarifforder,whichwasapplicablefortherenewableenergy
projectstobecommissionedduringfirstyearofthecontrolperiod(i.e.FY201213).The
Commission, in due discharge of the mandate under Regulation 8(1) of the RE Tariff
RegulationshasdeterminedthegenerictariffoftheREprojectsforthesecondyearof
controlperiod(i.e.FY201314)throughthisorder.
4. TheCommissionissuedOrderproposingDeterminationofgenericlevellisedgeneration
tariff for the FY201314 under Regulation 8 of the Central Electricity Regulatory
Commission (Terms and Conditions for Tariff determination from Renewable Energy
Sources) Regulations, 2012. (Petition No. 243/SM/2012 dated 25th October, 2012 for
invitingcomments/suggestions/objectionsfromthestakeholders.
5. In response to the same, written comments /suggestions have been received from
followingstakeholders:
Page2
Sr.
Nameofstakeholdersubmittedcomments
No.
1
CogenerationAssociationofIndia
A2ZMaintenance&EngineeringServicesLimited
GujaratUrjaVikasNigamLimited
ReGenPowertechPvt.Ltd.
IndianWindTurbineManufacturersAssociation(IWTMA)
KenersysIndiaPvt.Limited
IndianWindPowerAssociation(IWPA)
ReNewPowerVenturesPrivateLimited
ILFSRenewableenergyLimited
10
IndianBiomassPowerAssociation(IBPA)
11
OrientGreenPowerCompanyLimited
12
OrangePowergenPvt.Limited
13
PunjabBiomassPowerLimited
14
PTCBERMACOGreenEnergySystemLimited
15
PunjabRenewableEnergySystemPrivateLimited
16
AssociationofPowerProducers
17
MoserBare
18
SunEdisonEnergyIndiaPrivateLimited,
19
juwiIndiaRenewableEnergiesPvt.Limited
20
AdityaBirlaManagementCorporationLimited
21
PTCIndiaLimited
6. Subsequently,apublichearingwasheldon8thJanuary,2013andfollowingstakeholders
expressedtheirviews/suggestions/commentsinperson:
1
ILFSRenewableenergyLimited
NationalThermalPowerCorporation
MoserBare
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7. Thecommissionhasanalysedtheviews/comments/suggestionsofthestakeholdersand
theCommissionsdecisionsareasbelow:
A. CapitalCostIndexationforWindProjects
Comments:
The monthly wholesale price Index for Steel and Electrical Machinery data now
available upto month of October 2012 may be taken for calculation of capital cost.
(ReGenPowertechPvt.Ltd.)
ThewholesalepriceIndexnumbersfortheElectricalMachineryindex,forthemonths
ofJuneandJuly,areincorrectlycapturedinthetarifforderas131.000and132.700,
respectively. Instead, the same should be 132.200 and 133.000 respectively for the
monthofJune,2012andJuly2012.TheCapitalCostfortheYear201314shallbecome
Rs596.37Lakh/MWinsteadRs595.99Lakh/MW.(AssociationofPowerProducers)
AnalysisandDecision
Comments have been noted and latest data available on monthly wholesale price
Index for Electrical Machinery and Steel from the site of Office of Economic Adviser
areconsideredforcapitalcostindexationforvariousrenewableenergytechnologies.
B. FuelPriceIndexationMechanism
The monthly wholesale price Index for High Speed Diesel (HSD) data now available
upto month of October 2012 may be taken for calculation of fuel price. (A2Z
Maintenance&EngineeringServicesLimited)
AnalysisandDecision
Comments have been noted and latest data available on monthly wholesale price
Index for High Speed Diesel (HSD) from the site of Office of Economic Adviser are
consideredforfuelpriceindexation.
C. WindEnergyTariff
Comments:
Therearenocommentstoofferandweareinagreementwiththeproposedorder.
(IndianWindTurbineManufacturersAssociation)
Page4
AnalysisandDecision
Commenthasbeennoted.
D. AcceleratedDepreciationforWindEnergyprojects
Comments:
CommissionshouldclarifythatifaWindEnergyprojectiscomingupunderanewSPV
and if the company is availing 35% (15% PLUS additional 20%) depreciation in first
year,whichtariffwouldbeapplicable?(AssociationofPowerProducers)
AnalysisandDecision
ItisclarifiedthatifaWindEnergyprojectisavailing35%(15%PLUSadditional20%)
depreciation in first year, the tariff determined with depreciation benefit shall be
applicable.
E. Following comments/suggestions received from stakeholders on normative
parametersspecifiedintheretariffregulations2012.Thereviewofthesameis
notthesubjectmatterofpresentregulatoryprocesswhichhasbeeninitiatedfor
determinationofgenerictariffforFY201314.
a. ControlPeriod
CommissionmayconsidertheControlperiodof2yearsinsteadof5years.
(GujaratUrjaVikasNigamlimited)
b. TariffPeriod
CommissionmayconsidertheTariffPeriodasusefullifeforWindPower
ProjectandSmallHydelProjectsabove5MW.(GujaratUrjaVikasNigam
limited)
c.
ApplicabilityofTariff
Sizeofthewindenergyprojectsareincreasingandintherangeof50MWto
150MW.Ittakes18to20monthstodevelopprojectsofthissize,rightfrom
inceptiontocommissioning.Windprojectsshouldbegiven1820monthsfor
implementationhencethetariffshouldbeapplicablefornexttwofinancial
yearsi.e.FY1314andFY1415.(AssociationofPowerProducers)
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d. InterestRateonLoan
Onthebasisofourhandsonexperience,itisdifficulttogettheloanfrom
banksattherate13%.Inouropinioninterestrateof13.5%shouldbe
consideredwhiledeterminingthetariff.(SunEdisonEnergyIndiaPrivate
Limited,juwiIndiaRenewableEnergiesPvt.Limited)
e.
WorkingCapitalforBiomasspowerplant,Nonfossilfuelbased
cogenerationpowerplant,BiomassGasifierandBiogasbasedpower
projects:
Suggested to consider one (1) month fuel stock as working capital
requirement as against four (4) months considered in the RE Tariff
Regulations.(GujaratUrjaVikasNigamlimited)
f.
InterestonworkingCapital
Forthepurposeofworkingcapitalrequirement,receivableequivalenttofour
monthsofenergychargesforsaleofelectricitybeassumedasthegenerator
hasbeenreceivingmoneyafterelectricitysoldafteraconsiderabledelay.
(OrientGreenPowerCompanyLimited)
Draft Order has proposed an interest rate of the 13% for working capital
purpose.Inouropinioninterestonworkingcapitalshouldbe14%shouldbe
considered while determining the tariff. (Sun Edison Energy India Private
Limited,juwiIndiaRenewableEnergiesPvt.Limited)
g.
Discountfactor
Requested to correct the discount factor from 10.62% to yearly Discount
factorusingPretaxCostofDebtandmakecorrespondingcorrectionsinthe
tariffdeterminedforrenewableenergysourcesofenergy.(Moserbare)
h. StateTransmissionChargesandLosses
While solar projects are exempted from Central Transmission Charges &
losses, States continue to levy State transmission charges and losses. Since
majority of renewable projects may not be in vicinity of CTU connectivity,
CERCmayrecommendtoStatestowithdrawSTUChargesorthesameshould
be reimbursable by the Procurer under the PPA. (Association of Power
Producers)
Page6
i.
CapacityUtilizationFactor(CUF)forSolarPV
Commission should consider the CUF taking into account the radiation in all
thestates.19%CUFpresupposesthatallplantswillbeineitherRajasthanor
Gujarat.(AdityaBirlamanagementCorporationLimited)
Suggested to notify different solar zones and CUF as per solar resource
availabilityand hence determine the tariff based on solar zones. (First Solar
PowerIndiaPvt.Ltd.)
Commissionshouldintroducezones(45)insolarCUFbenchmarkingbasedon
solarradiationlevelsonthelinesofwindzonesbasedonwindpowerdensity.
Procurementthroughcredibletradersshouldalsobeencouraged.(PTCIndia
Limited)
j.
CapacityUtilizationFactor(CUF)forSolarThermalprojects
CapacityUtilizationFactor(CUF)of20%insteadof23%shouldbeconsidered
for solar thermal projects as the drop in DNI experienced by all the
developers. Alternatively, ROE to be suitably increased. (Association of
PowerProducers)
k.
CapacityUtilizationFactor(CUF)forwindpowerprojects
RegulationshouldbeamendedcorrespondingtoWPDat50meterleveland
only then tariff be determined based on Wind power density (WPD) at 50
meter only instead of 80 meter as the hight of the most of the wind mast
putupbyCWEATisintherangeof2030meters.(KenersysIndiaPvt.Limited,
ReNewPowerVenturesPrivateLimited,AssociationofPowerProducers)
For Wind, CUF should be considered at 50 meter hub height instead of 80
meter(AssociationofPowerProducers)
l.
O&MExpensesforWindEnergyprojects
Due to increasing cost of spares, consumables, salary etc and also
introductionofservicetaxO&MchargesshouldbefixedatRs.11Lakh/MW
insteadof`9.51Lakh/MW.(OrientGreenPowerCompanyLimited)
Commission should consider O&M expenses at `12 lakhs/MW instead of `
9.51lakhs/MW.(AssociationofPowerProducers)
Page7
m. O&MExpensesforSolarThermalprojects
Commission should consider O&M expenses at `18 lakhs/MW instead of `
15.86lakhs/MW.(AssociationofPowerProducers)
n. CapitalCostnormforWindEnergyProjects
Capital cost for wind energy projects should be considered around ` 5.50
Crore/ MW for FY201314 in light of the fact of the declining market trend.
(GujaratUrjaVikasNigamlimited)
CapitalCost should be fixed at ` 5.50 Crore/MW as theland and steelcost
havegoneupphenomenally.(OrientGreenPowerCompanyLimited)
o. CapitalCostnormforBiomasspowerplant
Capital cost norms for biomass power plant and non fossil fuel based
cogenerationpowerplantneedtobeincreasedupwardsasthecapitalcostof
recentlycommissionedsuchplantsareintherangeof`5.5crore/MW`6.5
crore/MW. Capital cost norms for biomass power projects are quite high
mainly due to deployment of high pressure boiler (60 kg/cm2 and above),
biomass collection / compaction / shredding equipment, air cooled
condensersandROplants.(CogenerationAssociationofIndia)
Capital cost should be considered at ` 6 Crore/MW as the actual cost of

settingupbiomassprojectisquitehighratherthan`4.63Crore/MW.
p. CapitalCostnormfornonfossilfuelbasedcogenerationpowerplant
Capitalcostnormsfornonfossilfuelbasedcogenerationpowerprojectsare
quitehighmainlyduetodeploymentofhighpressureboiler(87kg/cm2and
above),
air
cooled
condensers,
RO
plants,
biomass
balers/tractors/conveyors/shreddersforincreasingoffseasonoperatingdays
etc. It has been further suggested that the SERCs need to adopt CERC
determinedtariffswithimmediateeffectwithoutundertakingduplicatetariff
determinationprocess.(CogenerationAssociationofIndia)
q. WindEnergyprojects
IWPA suggested review various normative parameters as specified in the RE
TariffRegulations2012suchas:UsefulLife,DiscountFactor,ControlPeriod,
Tariff period, Tariff design, Debt: Equity ratio, Loan Tenure, Interest rate.
(IWPA)
Page8
r.
BiomassProjects
GUVNLsuggestedreviewofthevariousnormativeparametersasspecifiedin
theRETariffRegulations2012suchas:Usageoffossilfuel,Interestratefor
Loan, Interest rate for Working Capital, Return on Equity, O & M expenses,
Station Heat Rate of Biomass plant, Cross calorific value of Biomass fuel,
Capacity Utilization Factor (CUF) of wind and solar projects, CDM benefit
sharing.(GujaratUrjaVikasNigamlimited)
Review of various normative parameters as specified in the RE Tariff
Regulations 2012 such as : Base Capital Cost, Interest on Loan, Interest on
Loan, Interest on Working Capital, O &M Expenses, Station Heat Rate, Base
FuelCost.(ILFSRenewableenergyLimited)
Regulations 2012 such as : Control Period, Capital Cost, Return on Equity,
Interest on Loan, Interest on Loan, Interest on Working Capital, O &M
Expenses, Capacity Utilisation Factor, Auxiliary Power Consumption, Station
HeatRate,BaseFuelCost.(IndianBiomassPowerAssociation)
Regulations2012suchas:CapitalCost,Calorificvalueofbiomassfuel,and
InterestonWorkingCapital(OrangePowergenPvt.Ltd.)
Regulations 2012 such as : Capital Cost, Base Fuel Cost, Plant Load Factor,
Auxiliary Power Consumption, Gross Calorific Value, Station Heat Rate,
Working Capital, &M Expenses, Loan repayment period, for 100 % paddy
straw fired biomass power plant. (Punjab Biomass Power Limited, PTC
BERMACOGreenEnergySystemLimited,PunjabRenewableEnergySystem
PrivateLimited)
s.
BagassebasedCogenerationProjects
ILFSsuggestedreviewofvariousnormativeparametersasspecifiedintheRE
Tariff Regulations 2012 such as: O &M Expenses, Auxiliary Consumption,
StationHeatRate,BaseFuelCost(ILFSRenewableenergyLimited)
Page9
Thegenericlevellisedgenerationtariffforvariousrenewableenergytechnologies,for
FY201314
8. The generic levellised generation tariff for various renewable energy technologies, for
FY201314arediscussedbelow:
USEFULLIFE
9. Clause (aa) of subRegulation (1) of Regulation 2 of the RE Tariff Regulations defines
usefullifeinrelationtoaunitofageneratingstation(includingevacuationsystem)to
mean the following duration from the date of commercial operation (COD) of such
generationfacility:
RenewableEnergyProjects
Years
Windenergy
25
SmallHydro
35
BiomasspowerprojectwithRankineCycletechnology
20
Nonfossilfuelcogeneration
20
SolarPV
25
SolarThermal
25
BiomassGasifier
20
Biogas
20
CONTROLPERIOD
10. Regulation 5 of the RE Tariff Regulations provides that the control period for
determinationoftariffforrenewableenergyprojects(REprojects)shallbeoffiveyears.
ThefirstyearofthecontrolperiodisfromFY201213.TheProvisotothesaidregulation
stipulates that the tariff determined for the RE projects commissioned during the
controlperiodshallcontinuetobeapplicablefortheentiredurationofthetariffperiod
asspecifiedinRegulation6oftheRETariffRegulations.
Page10
TARIFFPERIOD
11. IntermsofRegulation6oftheRETariffRegulations,thetariffperiodinrespectofthe
REprojectsisasunder:
Years
Windenergy
13
SmallHydrobelow5MW
35
SmallHydro(5MW25MW)
13
Biomass
13
13
SolarPVandSolarThermal
25
BiomassGasifierandBiogas
20
In terms of clauses (e) and (f) of the said regulation, the tariff period specified above
shall be reckoned from the date of commercial operation of the RE projects and the
tariffdeterminedundertheregulationsshallbeapplicableforthedurationofthetariff
period.
TARIFFSTRUCTURE
12. Clause(1)ofRegulation9oftheRERegulationsstipulatesthatthetariffforREprojects
shallbesingleparttariffconsistingofthefollowingfixedcostcomponents:
(a)Returnonequity;
(b)Interestonloancapital;
(c)Depreciation;
(d)Interestonworkingcapital;
(e)Operationandmaintenanceexpenses;
For renewable energy technologies having fuel cost component, like biomass power
projectsandnonfossilfuelbasedcogeneration,singleparttariffwithtwocomponents,
fixedcostcomponentandfuelcostcomponent,istobedetermined.
Page11
TARIFFDESIGN
13. IntermsofRegulation10oftheRETariffRegulations,thetariffdesignforrenewable
energygeneratingstationsisasunder:
"(1)ThegenerictariffshallbedeterminedonlevellisedbasisfortheTariff
Period.
Providedthatforrenewableenergytechnologieshavingsingleparttariff
with two components, tariff shall be determined on levellised basis
considering the year of commissioning of the project for fixed cost
component while the fuel cost component shall be specified on year of
operationbasis.
(2) For the purpose of levellised tariff computation, the discount factor
equivalent to Post Tax weighted average cost of capital shall be
considered.
(3)LevellisationshallbecarriedoutfortheusefullifeoftheRenewable
EnergyprojectwhileTariffshallbespecifiedfortheperiodequivalentto
TariffPeriod.
LEVELLISEDTARIFF
14. Levellised Tariff is calculated by carrying out levellisation for useful life of each
technologyconsideringthediscountfactorfortimevalueofmoney.
DiscountFactor
15. The discount factor considered for this purpose is equal to the Post Tax weighted
averagecostofthecapitalonthebasisofnormativedebt:equityratio(70:30)specified
intheRegulations.Consideringthenormativedebtequityratioandweightedaverageof
theposttaxratesforinterestandequitycomponent,thediscountfactoriscalculated.
Page12
16. InterestRateconsideredfortheloancomponent(i.e.70%)ofCapitalCostis13.00%(as
explained later). For equity component (i.e. 30%) rate of Return on Equity (ROE)
considered at Post Tax ROE of 16% considered. The discount factor derived by this
methodforalltechnologiesis10.95%((13.0%0.70(132.445%))+(16.0%0.30)).
CAPITALCOST
17. Regulation12oftheRETariffRegulationsstipulatesthatthenormsforthecapitalcost
asspecifiedinthetechnologyspecificchaptershallbeinclusiveofallcapitalworkslike
plant and machinery, civil works, erection and commissioning, financing and interest
during construction, and evacuation infrastructure up to interconnection point. The
Commission has specified the normative capital cost, applicable for the first year of
control period i.e. FY 2001213, for various RE technologies viz Wind Energy, Small
Hydro Power, Biomass Power, NonFossil Fuel based Cogeneration, Solar PV, Solar
Thermal,BiomassGasifierandBiogasbasedpowerprojects.
18. Inordertodeterminethenormativecapitalcostfortheremainingyearsofthecontrol
period,theregulationsstipulatetheindexationmechanism,WindEnergy,SmallHydro
Power, Biomass Power, NonFossil Fuel based Cogeneration, Biomass Gasifier and
Biogas based power projects. However, the Capital Cost norms for Solar PV and Solar
ThermalPowerProjectsshallbereviewedonannualbasis.Theindexationmechanism
shalltakeintoaccountadjustmentsincapitalcostwiththechangesinWholesalePrice
Index of Steel and Wholesale Price Index of Electrical Machinery as per formulation
stipulatedundertheRETariffRegulations,whichisreproducedbelow.
CC(n)=P&M(n)*(1+F1+F2+F3)
P&M(n)=P&M(0)*(1+d(n))
d(n)=[a*{(SI(n1)/SI(0))1}+b*{(EI(n1)/EI(0))1}]/(a+b)
Where,
CC(n)
th
=CapitalCostforn
year
P&M(n)=PlantandMachineryCostfornthyear
Page13
P&M(0)=PlantandMachineryCostforthebaseyear
Note:P&M(0)istobecomputedbydividingthebasecapitalcost(forthefirstyearof
thecontrolperiod)by(1+F1+F2+F3).FactorsF1,F2,F3foreachREtechnologyhasbeen
specifiedseparately,assummarizedinfollowingtable.
d(n)
=CapitalCostescalationfactorforyear(n)ofControlPeriod
SI(n1) =AverageWPISteelIndexprevalentforcalendaryear(n1)oftheControlPeriod
SI(0)
=AverageWPISteelIndexprevalentforcalendaryear(0)atthebeginningofthe
ControlPeriod
EI(n1) =AverageWPIElectricalMachineryIndexprevalentforcalendaryear(n1)ofthe
ControlPeriod
EI(0)
=AverageWPIElectricalMachineryIndexprevalentforcalendaryear(0)atthe
beginningoftheControlPeriod
a
=ConstanttobedeterminedbyCommissionfromtimetotime,
(forweightagetoSteelIndex)
=ConstanttobedeterminedbyCommissionfromtimetotime,
(forweightagetoElectricalMachineryIndex)
F1
=FactorforLandandCivilWorks
F2
=FactorforErectionandCommissioning
F3
=FactorforIDCandFinancingCost
The default values of the factors for various RE technologies as stipulated under the said RE
Regulations,issummarizedinthetablebelow,
Parameters
WindEnergy
SmallHydro
Projects
BiomassbasedRankinecyclePower
plant,NonFossilFuelBased
Cogeneration,BiomassGasifierand
Biogasbasedprojects
0.60
0.60
0.70
0.40
0.40
0.30
F1
0.08
0.16
0.10
F2
0.07
0.10
0.09
F3
0.10
0.14
0.14
Page14
TheCommissionhasreliedonthefollowingsourcesforrelevantinformationonvariousindices:
SourceforWPI(electrical&machineryandironandsteel),WPI(allcommodities),WPI
(Price of HSD): Office of Economic Advisor, Ministry of Commerce & Industry
(www.eaindustry.nic.in)
TechnologyspecificcapitalcostofREprojectsisdiscussedhereinunder:
(A)
CapitalCostofWindEnergyforFY201314
19. Regulation24providesthatthecapitalcostforwindenergyprojectshallincludewind
turbinegeneratorincludingitsauxiliaries,landcost,sitedevelopmentchargesandother
civil works, transportation charges, evacuation cost up to interconnection point,
financingchargesandIDC.
TheCommissionunderRegulation24(2)hasspecifiedthenormativecapitalcostforwind
energyprojectsas`575Lakh/MWforFY201213whichshallbelinkedtotheindexation
mechanismspecifiedunderRegulation25oftheRETariffRegulations.Inaccordancewith
theabovereferredRegulation,thenormativecapitalcostoftheWindenergyProjectsshall
be ` 597.718 Lakh/MW for FY 201314. The detailed computation of the indexation
mechanismanddeterminationofthecapitalcostforFY201314thereof,hasbeenenclosed
asAppendix1ofthisOrder.
(B)CapitalcostofSmallHydroProjectsforFY201314
20. SmallHydroProjectsforthepurposeoftheRETariffRegulationscoverthoseprojects
whicharelocatedatthesitesapprovedbytheStateNodalAgencies/StateGovernments
using new plant and machinery and with installed power plant capacity lower than or
equalto25MW.
21. The Commission under Regulation 28 (1) has specified the normative capital cost for
smallhydroprojectsforFY201213asunder:
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ProjectSize
CapitalCost
(FY201213)
(`Lakh/MW)
Below5MW
770
5MWto25MW
700
OtherStates
Below5MW
600
5MWto25MW
550
Region
HimachalPradesh,
UttarakhandandNorth
EasternStates
22. In line with the indexation mechanism, specified in Regulation 29 of the RE Tariff
Regulations,thenormativecapitalcostforFY201314forSmallHydroProjectsshallbe
asunder,
CapitalCost
Region
ProjectSize
(FY201314)
(`Lakh/MW)
HimachalPradesh,
Below5MW
800.422
5MWto25MW
727.657
OtherStates
Below5MW
623.706
5MWto25MW
571.730
UttarakhandandNorth
EasternStates
The detailed computations of the indexation mechanism and the determination of the
capitalcostforFY201314thereof,hasbeenenclosedasAppendix2ofthisOrder.
(C)CapitalCostofBiomassbasedPowerProjectsforFY201314
23. Biomass power project for the purpose of these Regulations covers the projects using
new plant and machinery based on Rankine cycle technology application using water
cooled condenser and biomass fuel sources where use of fossil fuel is limited to the
extentof15%oftotalfuelconsumptiononannualbasis.
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24. The Commission under Regulation 34 has specified the normative capital cost for the
biomass power projects based on Rankine cycle technology application using water
cooled condenser as ` 445 Lakh/MW for FY 201213, which shall be linked to the
indexation mechanism specified under Regulation 35 of the RE Tariff Regulations. In
accordance to the above referred Regulation, the normative capital cost of biomass
power projects based on Rankine cycle technology application using water cooled
condensershallbe`463.336Lakh/MWforFY201314.Thedetailedcalculationsofthe
indexationmechanismanddeterminationofthecapitalcostforFY201314thereof,has
beenenclosedasAppendix3ofthisOrder.
(D)CapitalCostofNonfossilfuelbasedCogenerationProjectsforFY201314
25. Nonfossilbasedcogenerationhasbeendefinedastheprocessinwhichmorethanone
formofenergyisproducedinasequentialmannerbyusingbiomass.AsperRegulation
4(d) of the RE Tariff Regulations, a project to qualify as the nonfossil based co
generationprojectmustbeusingnewplantandmachinerywithtoppingcyclemodeof
operation which uses the nonfossil fuel input for power generation and utilizes the
thermal energy generated for useful heat applications in other industrial activities
simultaneously,andwherethesumofusefulpoweroutputandhalfofusefulthermal
outputisgreaterthan45%oftheplantsenergyconsumptionduringtheseason.
NonFossil Fuel Based Cogeneration Projects as ` 420 Lakh/MW for FY 201213 which
shall be linked to the indexation mechanism specified under Regulation 48 of the RE
Tariff Regulations. In accordance to the above referred Regulation, the normative
capital cost of NonFossil Fuel based Cogeneration power projects shall be ` 437.306
Lakh/MWforFY201314.Thedetailedcomputationsoftheindexationmechanismand
determination of the capital cost for FY 201314 thereof, has been enclosed as
Appendix4ofthisOrder.
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(E)CapitalCostofSolarPVbasedPowerProjectsforFY201314
27. Solar Photo Voltaic (PV) power projects which directly convert solar energy into
electricityusingthecrystallinesiliconorthinfilmtechnologyoranyothertechnologyas
approvedbytheMinistryofNewandRenewableEnergyandareconnectedtothegrid,
qualifyforthepurposeoftariffdeterminationundertheRETariffRegulations.
28. TheCommissionunderRegulation57hadspecifiedthenormativecapitalcostforthe
SolarPVpowerprojectsas`1000Lakh/MWfortheFY201213.
29. The Commission vides its suomotu Order (Petition No. 242/SM/2012) dated 28th
February,2013,determinedthenormativecapitalcostfortheSolarPVpowerprojects
as`800.00Lakh/MWfortheFY201314.
(F)CapitalCostofSolarThermalbasedPowerProjectsforFY201314
30. InordertoqualifyfortariffdeterminationundertheRETariffRegulations,SolarThermal
Power Project shall be based on concentrated solar power technologies with line
focusingorpointfocusingasmaybeapprovedbytheMinistryofNewandRenewable
Energy and which uses direct sunlight to generate sufficient heat to operate a
conventionalpowercycletogenerateelectricity.
31. The Commission under Regulation 61 had specified the normative capital cost for the
SolarThermalpowerprojectsas`1300Lakh/MWfortheFY201213.
32. The Commission vides its suomotu Order (Petition No. 242/SM/2012) dated 28th
February, 2013, determined the normative capital cost for the Solar Thermal power
projectsas`1200.00Lakh/MWfortheFY201314.
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(G)CapitalCostofBiomassGasifierPowerProjectsforFY201314
BiomassGasifierpowerprojectsbasedonRankinecycleshallbe`550.00Lakh/MWfor
theFY201213andaftertakingintoaccountofcapitalsubsidyof`150.00Lakh/MW,
netprojectcostshallbe`400.00Lakh/MWfortheFY201213whichshallbelinkedto
theindexationmechanismspecifiedunderRegulation67oftheRETariffRegulations.In
accordance to the above referred Regulation, the normative capital cost of Biomass
gasifier power projects shall be ` 572.663 Lakh/MW for FY 201314. After taking into
account of capital subsidy of ` 150.00 Lakh/MW, net project cost shall be ` 422.663
Lakh/MWfortheFY201314.Thedetailedcomputationsoftheindexationmechanism
and determination of the capital cost for FY 201314 thereof, has been enclosed as
Appendix5ofthisOrder.
(H)CapitalCostofBiogasbasedPowerProjectsforFY201314
34. In order to qualify for tariff determination under the RE Tariff Regulations, grid
connected biogas based power projects that uses 100% Biogas fired engine, coupled
with Biogas technology for codigesting agriculture residues, manure and other bio
wasteasmaybeapprovedbytheMinistryofNewandRenewableEnergy.
Biogasbasedpowerprojectsshallbe`1100.00Lakh/MWfortheFY201213andafter
takingintoaccountofcapitalsubsidyof`300.00Lakh/MW,netprojectcostshallbe`
800.00Lakh/MWfortheFY201213whichshallbelinkedtotheindexationmechanism
specifiedunderRegulation77oftheRETariffRegulations.Inaccordancetotheabove
referredRegulation,thenormativecapitalcostofBiogasbasedpowerprojectsshallbe
` 1145.325 Lakh/MW for FY 201314. After taking into account of capital subsidy of `
Page19
300.00Lakh/MW,netprojectcostshallbe`845.325Lakh/MWfortheFY201314.The
detailed computations of the indexation mechanism and determination of the capital
costforFY201314thereof,hasbeenenclosedasAppendix6ofthisOrder.
36. Thecapitalcostforthesecondyear(i.e.FY201314)ofthecontrolperiodinrespectof
therenewableenergypowergeneratingstationsissummarizedasunder:
(1)WindEnergyProjects
CapitalCostNormforFY201314
(`Lakh/MW)
597.718
(2)SmallHydroProjects
(a) HimachalPradesh,UttarakhandandNorth
EasternStates(lessthan5MW)
(b) HimachalPradesh,UttarakhandandNorth
EasternStates(5MWto25MW)
800.422
727.657
(c) OtherStates(below5MW)
623.706
(d) OtherStates(5MWto25MW)
571.730
(3) BiomassPowerProjects
463.336
(4) NonfossilfuelbasedcogenerationPowerProjects
437.306
(5) SolarPVPowerProjects
800.00
(6) SolarThermalPowerProjects
1200.00
(7) BiomassGasifierPowerProjects
422.663
(8) BiogasPowerProjects
845.325
DEBTEQUITYRATIO
37. SubRegulation(1)ofRegulation13oftheRETariffRegulationsprovidesthatthedebt
equity ratio of 70:30 is to be considered for determination of generic tariff based on
suomotupetition.
Page20
38. Based on the debt equity ratio of 70:30, the debt and equity components of the
normativecapitalcostfordeterminationoftarifffortheREprojectshavebeenworked
outasunder:
Debt
(`Lakh)
Equity
(`Lakh)
418.403
179.315
560.295
240.127
509.360
218.297
436.594
187.112
(d)OtherStates(5MWto25MW)
400.211
171.519
(3)Biomass
324.335
139.001
(4)Nonfossilfuelcogeneration
306.114
131.192
(5)SolarPV
560.00
240.00
(6)SolarThermal
840.00
360.00
295.864
126.799
591.728
253.598
(1)WindEnergy(forallzones)
(2)SmallHydro
(a)HimachalPradesh,UttarakhandandNorth
EasternStates(below5MW)
(b)HimachalPradesh,UttarakhandandNorth
EasternStates(5MWto25MW)
(c)OtherStates(below5MW)
(7)BiomassGasifierbasedPowerProjects
(8)BiogasbasedPowerProjects
RETURNONEQUITY
39. SubRegulation(1)ofRegulation16oftheRETariffRegulationsprovidesthatthevalue
basefortheequityshallbe30%ofthecapitalcostforgenerictariffdetermination.Sub
Regulation(2)ofthesaidRegulationstipulatesthenormativereturnonequity(ROE)as
under:
(a)20%perannumforthefirst10years,and
(b)24%perannumfromthe11thyearonwards.
INTERESTONLOAN
40. SubRegulation(1)ofRegulation14oftheRERegulationsprovidesthattheloantenure
of12yearsistobeconsideredforthepurposeofdeterminationoftariffforREprojects.
Page21
SubRegulation (2) of the said Regulation provides for computation of the rate of
interestonloanasunder:
(a) The loans arrived at in the manner indicated in the Regulation 13 shall be
considered as gross normative loan for calculation for interest on loan. The
normativeloanoutstandingasonApril1stofeveryyearshallbeworkedoutby
deductingthecumulativerepaymentuptoMarch31stofpreviousyearfromthe
grossnormativeloan.
(b)Forthepurposeofcomputationoftariff,thenormativeinterestrateshallbe
considered as average State Bank of India (SBI) Base rate prevalent during the
firstsixmonthsofthepreviousyearplus300basispoints.
(c)Notwithstandinganymoratoriumperiodavailedbythegeneratingcompany,
the repayment of loan shall be considered from the first year of commercial
operationoftheprojectandshallbeequaltotheannualdepreciationallowed".
41. TheweightedaverageStateBankofIndia(SBI)Baserateprevalentduringthefirstsix
months has been considered for the determination of tariff, as shown in the table
below:
Periodfrom
Periodto
Baserate
13/8/2011
Tilldate
10.00%
AverageBaserateforfirstsixmonthsofFY1213
10.00%
Source:StateBankofIndia(www.statebankofindia.com)
42. In terms of the above, the computations of interest on loan carried out for
determinationoftariffinrespectoftheREprojectstreatingthevalue baseofloanas
70%ofthecapitalcostandtheweightedaverageofBaserateprevalentduringthefirst
six months of the (i.e. 10.00%) plus 300 basis points (equivalent to interest rate of
13.00%).
Page22
DEPRECIATION
43. Regulation15oftheRETariffRegulationsprovidesforcomputationofdepreciationin
thefollowingmanner:
"(1)ThevaluebaseforthepurposeofdepreciationshallbetheCapitalCostoftheasset
admittedbytheCommission.TheSalvagevalueoftheassetshallbeconsideredas10%
and depreciation shall be allowed up to maximum of 90% of the Capital Cost of the
asset.
(2)DepreciationperannumshallbebasedonDifferentialDepreciationApproach'over
loanperiodbeyondloantenureoverusefullifecomputedonStraightLineMethod.The
depreciationrateforthefirst12yearsoftheTariffPeriodshallbe5.83%perannumand
theremainingdepreciationshallbespreadovertheremainingusefullifeoftheproject
from13thyearonwards.
(3) Depreciation shall be chargeable from the first year of commercial operation.
Provided that in case of commercial operation of the asset for part of the year,
depreciationshallbechargedonproratabasis".
44. In accordance with theabove, therate of depreciation forthefirst12 yearshasbeen
consideredas5.83%andtherateofdepreciationfromthe13thyearonwardshasbeen
spreadoverthebalanceusefullifeoftheREprojectasunder:
Details
UsefulLife(in
years)
Rateof
depreciationfor
12years(%)
Rateof
depreciation
afterfirst12
years(%)
Wind
Energy
Small
Nonfossilfuel
Biomass
Hydro
cogeneration
Solar
PV
Solar
Biomass
Thermal Gasifier
Biogas
25
35
20
20
25
25
20
20
5.83
5.83
5.83
5.83
5.83
5.83
5.83
5.83
1.54
0.87
2.50
2.50
1.54
1.54
2.50
2.50
Page23
INTERESTONWORKINGCAPITAL
45. Regulation17oftheRETariffRegulationsprovidesfortheworkingcapitalrequirements
oftheREprojectsasunder:
(1) The Working Capital requirement in respect of wind energy projects, Small
Hydro Power, Solar PV and Solar thermal power projects shall be computed in
accordancewiththefollowing:
WindEnergy/SmallHydroPower/SolarPV/Solarthermal
a)Operation&Maintenanceexpensesforonemonth;
b) Receivables equivalent to 2 (Two) months of energy charges for sale of
electricitycalculatedonthenormativeCUF;
c)Maintenancespare@15%ofoperationandmaintenanceexpenses
(2) The Working Capital requirement in respect of biomass power projects and
nonfossil fuel based cogeneration projects shall be computed in accordance
withthefollowingclause:
Biomass(Rankine Cycle Technology), Biomass Gasifier, Biogas Power and Non
fossilfuelCogeneration
a)FuelcostsforfourmonthsequivalenttonormativePLF;
b)Operation&Maintenanceexpenseforonemonth;
c)Receivablesequivalentto2(Two)monthsoffixedandvariablechargesforsale
ofelectricitycalculatedonthetargetPLF;
d)Maintenancespare@15%ofoperationandmaintenanceexpenses
(3)InterestonWorkingCapitalshallbeatinterestrateequivalenttotheaverage
State Bank of India Base Rate prevalent during the first six months of the
previousyearplus350basispoints.
46. Receivables equivalent to two months of actual fixed cost and variable cost, (as
applicable for biomass power and nonfossil fuel based cogeneration) have been
considered. As mentioned in the Para No. 34, interest rate considered as weighted
average of State Bank of India Base Rate prevalent during the first six months of the
previousyearplus350basispoints(equivalenttointerestrateof13.50%).Theinterest
Page24
onworkingcapitalhasbeenworkedoutasspecifiedbelowfordeterminationoftariffof
theREprojects:
Details
Wind
Energy
Small
Hydro
Biomass,
Biomass
Gasifier
andBiogas
Nonfossil
fuelco
generation
Solar
PV
Solar
Thermal
15
15
15
15
15
15
(A)ForFixedcharges
(i) O&M
expenses
(month)
(ii)
Maintenance
spares (%) of O&M
expenses
(iii)
Receivables
(months)
(B)ForVariableCharges
Biomass/Bagasse stock
4
4
(months)
(C)
Interest
On
13.50
13.50% 13.50%
13.50%
13.50%
WorkingCapital(%)
%
SourceforSBIBaseRate:StateBankofIndia(www.statebankofindia.com)
13.50%
OPERATIONANDMAINTENANCEEXPENSES
47. Regulation 18 of the RE Tariff Regulations provides for Operation and Maintenance
Expenses(O&Mexpenses)inrespectofREprojectsasunder:
OperationandMaintenanceExpenses
(1) Operation and Maintenance or O&M expenses shall comprise repair and
maintenance (R&M), establishment including employee expenses and
administrative&generalexpenses.
(2) Operation and maintenance expenses shall be determined for the Tariff
Period based on normative O&M expenses specified by the Commission
subsequentlyintheseRegulationsforthefirstYearofControlPeriod.
Page25
(3)NormativeO&MexpensesallowedduringfirstyearoftheControlPeriod(i.e.
FY201213)undertheseRegulationsshallbeescalatedattherateof5.72%
perannumovertheTariffPeriod.
48. ThenormativeO&MexpensesforvariousREtechnologiesspecifiedundertherelevant
provisionsoftheRETariffRegulationsareasunder:
(a) Wind Energy: Regulation 27 of RE Tariff Regulations provides that the normative
O&Mexpensesforthefirstyearofthecontrolperiod(i.e.201213)as`9lakhperMW
and shall be escalated at the rate of 5.72% per annum over the tariff period for
determinationofthelevellisedtariff.Accordingly,theCommissionhasconsideredO&M
costnormforwindenergyas`9.51Lakh/MWforFY201314.
(b) Small Hydro: Regulation 32 of RE Regulations provided for the normative O& M
expensesforsmallhydroprojectsfortheyear201213whichshallbeescalatedatthe
rateof5.72%perannumoverthetariffperiodfordeterminationofthelevellisedtariff.
ThetablebelowpresentsthenormativeO&MExpensesconsideredbytheCommission
forsmallhydropowerforFY201213;
Region
HimachalPradesh,
UttarakhandandNorth
EasternStates
OtherStates
ProjectSize
O&Mexpenses
(`Lakh/MW)
Below5MW
25
5MWto25MW
18
Below5MW
5MWto25MW
20
14
Accordingly,thetablebelowpresentsthenormativeO&MExpensesconsideredbythe
CommissionforsmallhydropowerforFY201314,
Page26
Region
HimachalPradesh,
UttarakhandandNorth
EasternStates
OtherStates
ProjectSize
O&Mexpenses
(`Lakh/MW)
Below5MW
26.43
5MWto25MW
19.03
Below5MW
5MWto25MW
21.14
14.80
(c)Biomass:Regulation39ofRETariffRegulationsprovidesthatthenormativeO&M
expenses for biomass based projects for the year 201213 shall be ` 24 Lakh per MW
andwhichshallbeescalatedattherateof5.72%perannumoverthetariffperiodfor
determinationofthelevellisedtariff.Accordingly,theCommissionhasconsideredO&M
costnormforbiomasspoweras` 25.37Lakh/MWforFY201314.
(d) Nonfossil fuel cogeneration: As per Regulation 55 of RE Tariff Regulations, the

normativeO&MExpensesfornonfossilfuelcogenerationprojectsfortheyear201213
hasbeenspecifiedas`16LakhperMWwhichshallbeescalatedattherateof5.72%
perannumoverthetariffperiodfordeterminationofthelevellisedtariff.Accordingly,
theCommissionhasconsideredO&Mcostnormfornonfossilfuelbasedcogeneration
as` 16.92Lakh/MWforFY201314.
(e)SolarPV:Regulation59ofRETariffRegulationsprovidesthatthenormativeO&M
expenses for solar PV projects for the year 201213 shall be ` 11 Lakh per MW which
shall be escalated at the rate of 5.72% per annum over the tariff period for
determination of the levellised tariff. Accordingly, O&M expense norm for solar PV
powerprojectas`11.63Lakh/MWforFY201314hasbeenconsidered.
(f) Solar Thermal: Regulation 63 of the RE Tariff Regulations specified the normative
O&Mexpensesforsolarthermalpowerprojectsshallbe`15Lakh/MWforthefirstyear
of operation, which shall be escalated at the rate of 5.72% per annum over the tariff
period for determination of the levellised tariff. Accordingly, O&M expense norm for
solarthermalpowerprojectas`15.86Lakh/MWforFY201314,hasbeenconsidered.
Page27

(g)BiomassGasifier:Regulation71oftheRETariffRegulationsspecifiedthenormative
O&Mexpensesforsolarthermalpowerprojectsshallbe`40Lakh/MWforthefirstyear
of operation, which shall be escalated at the rate of 5.72% per annum over the tariff
period for determination of the levellised tariff. Accordingly, the Commission has
consideredO&Mcostnormforbiomassgasifierbasedpowerplantas`42.29Lakh/MW
forFY201314.
(h) Biogas: Regulation 80 of the RE Tariff Regulations specified the normative O&M
expensesforsolarthermalpowerprojectsshallbe`40Lakh/MWforthefirstyearof
operation, which shall be escalated at the rate of 5.72% per annum over the tariff
period for determination of the levellised tariff. Accordingly, the Commission has
considered O&M cost norm for biogas based power plant as ` 42.29 Lakh/MW for FY
201314.
49. The normative O&M expenses have been worked out as specified above for
determinationoftarifffortherenewableenergygeneratingstations.
CAPACITYUTILISATIONFACTOR
50. Regulations26,30,58and62oftheRETariffRegulationsspecifythenormsforCapacity
Utilization Factor (CUF)/Plant Load Factor (PLF) in respect of the Wind Energy, Small
Hydro, Solar PV and Solar Thermalbased power generating stations as per the details
giveninthetablebelowwhichhasbeenconsideredfordeterminationoftariff.
Page28
CUF
(A) WindEnergy
AnnualMeanWindPowerDensity(W/m2)
Windzone1(Upto200)
Windzone2(201250)
Windzone3(251300)
Windzone4(301400)
Windzone5(Above400)
(B) SmallHydro
(i) Himachal Pradesh, Uttarakhand and North Eastern
States
(ii) OtherStates
(C) SolarPV
20%
22%
25%
30%
32%
45%
30%
19%
(D) SolarThermal
23%
PLANTLOADFACTOR(PLF)
51. Regulations36,68and78oftheRETariffRegulationsspecifytheplantloadfactorfor
Biomass, Biomass Gasifier and Biogas based renewable energy generating stations as
giveninthetablebelowwhichhasbeenconsideredfordeterminationoffixedcharges
componentoftariff.
PLF
(A)
(a)
(b)
(c)
(B)
Biomass
Duringstabilization(6months)
Duringremainingperiodofthefirstyear(afterstabilization)
Secondyearonwards
BiomassGasifier
60%
70%
80%
85%
(C)
Biogas
90%
52. Regulation49oftheRETariffRegulationsstipulatestheplantloadfactorforNonfossil
FuelbasedCogenerationprojectsasunder,computedonthebasisofplantavailability
for number of operating days considering the operations during crushing season and
offseasonandloadfactorof92%.ThenumberofoperatingdaysfordifferentStatesas
specifiedintheRegulation49(2)isasunder:
Page29

States
Operatingdays
PLF
120days(crushing)+60days(offseason)=180days
45%
60%
53%
UttarPradesh
andAndhra
Pradesh
TamilNaduand
Maharashtra
OtherStates
AUXILIARYPOWERCONSUMPTION
53. Regulations31,37,50,64,69and79oftheRETariffRegulationsstipulatetheauxiliary
power consumption factor as under which has been considered for determination of
tariffoftheREprojects:
SmallHydro
1%
Biomass
10%
8.5%
SolarThermal
10%
BiomassGasifier
10%
Biogas
12%
AuxiliaryConsumptionFactor
STATIONHEATRATE
54. The Station Heat Rates (SHR) specified under Regulations 38 and 51 of the RE Tariff
Regulationsforbiomassandnonfossilfuelbasedcogenerationprojectsareasunder:
Page30
SHR
(kCal/kWh)
Biomass
4000
(forpowercomponent)
3600
FUEL
(a) FuelMix
55. SubRegulation (1) of Regulation 40 of the RE Tariff Regulations stipulates that the
Biomass based power generating stations are to be designed in a way that it uses
differenttypesofnonfossilfuelsavailablewithinthevicinityofbiomasspowerproject
such as crop residues, agroindustrial residues, forest residues etc. and other biomass
fuels as may be approved by the Ministry of NonRenewable Energy (MNRE). Sub
Regulation (2) of the said Regulations stipulates that the biomass power generating
companiesaretoensurefuelmanagementplantoensureadequateavailabilityoffuel
tomeettherespectiveprojectrequirements.
56. Regulation 70 of the RE Tariff Regulations stipulates that the normative specific fuel
consumption shall be 1.25 kg per kWh for Biomass Gasifier based power generating
stations.
57. Regulation 81 of the RE Tariff Regulations stipulates that the normative specific fuel
consumptionshallbe3kgofsubstratemixperkWhforBiogasbasedpowergenerating
stations.
(b)Useoffossilfuel
58. AsperRegulation41oftheRETariffRegulations,theuseoffossilfuelistobelimitedto
theextentof15%oftotalfuelconsumptiononannualbasisandRegulation42oftheRE
Page31
Tariff Regulations provides the mechanism for monitoring the use of fossil fuel is as
under:
(1) The Project developer shall furnish to the State Nodal Agency, a
monthly fuel usage statement and monthly fuel procurement statement
dulycertifiedbyCharteredAccountanttothebeneficiary(withacopyto
appropriate agency appointed by the Commission for the purpose of
monitoring the fossil and nonfossil fuel consumption) for each month,
alongwiththemonthlyenergybill.Thestatementshallcoverdetailssuch
as
a) Quantityoffuel(intonne)foreachfueltype(biomassfuelsandfossil
fuels)consumedandprocuredduringthemonthforpowergeneration
purposes,
b) Cumulative quantity (in tonne) of each fuel type consumed and
procuredtilltheendofthatmonthduringtheyear,
c) Actual (gross and net) energy generation (denominated in units)
duringthemonth,
d) Cumulativeactual(grossandnet)energygeneration(denominatedin
units)untiltheendofthatmonthduringtheyear,
e) Openingfuelstockquantity(intonne),
f) Receiptoffuelquantity(intonne)atthepowerplantsiteand
g) Closingfuelstockquantity(intonne)foreachfueltype(biomassfuels
andfossilfuels)availableatthepowerplantsite.
(2)Noncompliancewiththeconditionoffossilfuelusagebytheproject
developer, during any financial year, shall result in withdrawal of
applicability of tariff as per these Regulations for such biomass based
powerproject.
Page32
(c)Calorificvalue
59. Regulation 43 of the RE Tariff Regulations provides the calorific value of biomass fuel
usedfordeterminationoftariffshallbeat3300kCal/kg.
60. Regulation 52 of the of the RE Tariff Regulations provides the gross calorific value for
bagasse to be considered in case of nonfossil fuel cogeneration projects is 2250
kCal/kg and for the use of biomass fuels other than bagasse, the calorific value as
specifiedaboveshallbeapplicable.
(d)Fuelcost
61. TheCommission,intermsofRegulation44oftheRETariffRegulations,hasspecifiedthe
biomass fuel price applicable during the period 201213 and has specified fuel price
indexationmechanism,incasedeveloperwishestoopt,fortheremainingyearsofthe
controlperiod.ThedataforPdandWPI,asperregulations,latestfiguresforApril,2012
and April, 2011 corresponding to nth and (n1)th year has been considered while
calculating the fuel price indexation for biomass and also nonfossil fuel based co
generation power projects. The detailed computations of the fuel price indexation
mechanism and the determination of the biomass fuel prices for FY 201314 thereof,
has been enclosed as Appendix7 to this order. Accordingly, the biomass fuel price
applicableforFY201314isasunder:
State
AndhraPradesh
Haryana
Maharashtra
Punjab
Rajasthan
TamilNadu
UttarPradesh
OtherStates
Biomassprice
(`/tonne)
2480.55
2823.44
2887.73
2953.09
2464.48
2439.83
2523.41
2653.07
Page33
price of bagasse applicable during the period 201213 and has specified fuel price
indexationmechanism,incasedeveloperwishestoopt,fortheremainingyearsofthe
controlperiod.Thedetailedcomputationsofthefuelpriceindexationmechanismand
thedeterminationofthebagassefuelpricesforFY201314thereof,hasbeenenclosed
as Appendix8 of this Order. The price of bagasse (for nonfossil fuel based co
generationprojects)applicableforFY201314shallbeasinthetablebelow;
State
BagassePrice
(`/tonne)
AndhraPradesh
1400.47
Haryana
1991.94
Maharashtra
1963.01
Punjab
1753.00
TamilNadu
1508.69
UttarPradesh
1562.27
OtherStates
1696.20
biomass fuel price during first year of the Control Period (i.e. FY 201213) as per
Regulation 44 and has specified fuel price indexation mechanism for the Biomass
Gasifierprojectdeveloper.Accordingly,thebiomassfuelpricefortheBiomassgasifier
based power project applicable for FY 201314 shall be the same as for the biomass
basedpowerproject(Rankinecycle)asmentionedabove.Thedetailedcomputationsof
thefuelpriceindexationmechanismandthedeterminationofthebiomassfuelprices
forFY201314thereof,hasbeenenclosedasAppendix9ofthisOrder.
Page34
feedstockpriceduringfirstyearoftheControlPeriod(i.e.FY201213)at`990/MT(net
of any cost recovery from digester effluent) and has specified fuel price indexation
mechanism for the Biogas project developer. The detailed computations of the fuel
price indexation mechanism and the determination of the bagasse fuel prices for FY
201314 thereof, has been enclosed as Appendix10 of this Order. The price of fuel
applicableforthebiogasbasedpowerplantforFY201314shallbeat`1060.80/MT
(netofanycostrecoveryfromdigestereffluent).
65. IncaseofBiomassPowerProjects,nonfossilfuelbasedcogenerationprojects,Biomass
GasifierbasedpowerProjectsandBiogasbasedpowerprojects,variablecomponentof
tariffiscalculatedbasedonthefuelcostforFY201314.Thisvariablecomponentwill
changeeachyearbasedonwhetheraRenewableEnergyPowerProjectdeveloperopts
for fuel price indexation or escalation factor of 5%. Hence, while calculating the total
applicable tariff for Biomass Power Projects, nonfossil fuel based cogeneration
projects, Biomass Gasifier based power Projects and Biogas based power projects,
levellisationofonlyfixedcomponentisconsideredandthevariablecomponentforthe
firstyearofoperation(i.e.201314)isspecified.
SubsidyorincentivebytheCentral/StateGovernment
66. Regulation22oftheRETariffRegulationsprovidesasunder:
TheCommissionshalltakeintoconsiderationanyincentiveorsubsidyofferedby
the Central or State Government, including accelerated depreciation benefit if
availedbythegeneratingcompany,fortherenewableenergypowerplantswhile
determiningthetariffundertheseRegulations.
Page35
Providedthatthefollowingprinciplesshallbeconsideredforascertainingincome
taxbenefitonaccountofaccelerateddepreciation,ifavailed,forthepurposeof
tariffdetermination:
i) Assessment of benefit shall be based on normative capital cost, accelerated
depreciationrateasperrelevantprovisionsunderIncomeTaxActandcorporate
incometaxrate.
ii) Capitalization of RE projects during second half of the fiscal year. Per unit
benefitshall be derivedon levellised basis at discount factor equivalentto Post
Taxweightedaveragecostofcapital.
67. In terms of the above regulation, for the projects availing the benefit of accelerated
depreciationasperapplicableIncometaxrate@32.445%(30%ITrate+5%surcharge
+3% Education cess) has been considered. For the purpose of determining net
depreciation benefits, depreciation @ 5.28% as per straight line method (Book
depreciationasperCompaniesAct,1956)hasbeencomparedwithdepreciationasper
Income Tax rate i.e. 80% of the written down value method (except for Wind energy
generator as per Incometax (Fourth Amendment Rules), 2012, depreciation is now
restrictedto15%onwindmillsinstalledafter3132012)videNotificationNo.15/2012
[F.No.149/21/2010SO(TPL)] S.O.694(E), dated 3032012). Moreover, additional 20%
depreciation in the initial year is proposed to be extended to new assets acquired by
powergenerationcompaniesvideamendmentinsection32,subsection(1)clause(iia)
oftheIncomeTaxAct.
68. Depreciation for the first year has been calculated at the rate of 50% of accelerated
depreciation 80% and 50% of additional depreciation 20% (as project is capitalized
duringthesecondhalfofthefinancialyearasperproviso(ii)toRegulation22).Income
taxbenefitsofaccelerateddepreciationandadditionaldepreciation,hasbeenworked
out as per normal tax rate on the net depreciation benefit. Per unit levellised
Page36
accelerateddepreciationbenefithasbeencomputedconsideringtheposttaxweighted
averagecostofcapitalasdiscountfactor.
69. Inthelightofthediscussionmadeintheprecedingparagraphs,thegenerictariffsofthe
followingREprojectsforthefinancialyear201314havebeendeterminedasunder:
GenericTariffforRETechnologiesforFY201314
Particular
WindZone1(CUF20%)
NetLevellisedTariff
BenefitofAccelerated
(uponadjustingfor
Depreciation
AcceleratedDepreciation
(ifavailed)
benefit)(ifavailed)
(`/kWh)
(`/kWh)
(`/kWh)
WindEnergy
6.29
0.49
5.80
Levellised
TotalTariff
WindZone2(CUF22%)
5.72
0.45
5.27
WindZone3(CUF25%)
5.03
0.39
4.64
WindZone4(CUF30%)
4.19
0.33
3.86
WindZone5(CUF32%)
3.93
0.31
3.62
SmallHydroPowerProject
HP,UttarakhandandNE
States(Below5MW)
HP,UttarakhandandNE
States(5MWto25MW)
OtherStates(Below5
MW)
OtherStates(5MWto25
MW)
4.38
0.36
4.02
3.75
0.32
3.43
5.16
0.42
4.74
4.40
0.38
4.02
Page37
Levellised
FixedCost
Variable
Cost
(FY2013
14)
Applicable
TariffRate
(FY201314)
Benefitof
Accelerated
Depreciation
(ifavailed)
(`/kWh)
(`/kWh)
(`/kWh)
(`/kWh)
State
NetLevellised
Tariff
(uponadjusting
forAccelerated
Depreciation
benefit)(if
availed)
(`/kWh)
BiomassPowerProject
Andhra
Pradesh
2.21
3.34
5.55
0.14
5.41
Haryana
2.25
3.80
6.05
0.14
5.91
Maharashtra
2.26
3.89
6.15
0.14
6.01
Punjab
2.27
3.98
6.24
0.14
6.11
Rajasthan
2.20
3.32
5.52
0.14
5.38
TamilNadu
2.20
3.29
5.49
0.14
5.35
Uttar
Pradesh
2.21
3.40
5.61
0.14
5.47
Others
2.23
3.57
5.80
0.14
5.66
NonFossilFuelbasedCogeneration
Andhra
Pradesh
2.95
2.45
5.40
0.24
5.17
Haryana
2.64
3.48
6.13
0.20
5.93
Maharashtra
2.37
3.43
5.80
0.18
5.63
Punjab
2.60
3.07
5.67
0.20
5.47
TamilNadu
2.29
2.64
4.93
0.18
4.75
Uttar
Pradesh
2.98
2.73
5.71
0.24
5.48
Others
2.59
2.97
5.56
0.20
5.36
Page38

SolarPVandSolarThermal
Levellised
TotalTariff
(FY201314)
Particular
SolarPV
(`/kWh)
8.75
SolarThermal
11.90
NetLevellisedTariff
Benefitof
(uponadjustingfor
Accelerated
Accelerated
Depreciation
Depreciation
(ifavailed)
benefit)(ifavailed)
(`/kWh)
(`/kWh)
0.88
7.87
1.21
10.69
NetLevellised
Tariff
Benefitof
(uponadjusting
Accelerated forAccelerated
Depreciation Depreciation
(ifavailed)
benefit)(if
availed)
(`/kWh)
(`/kWh)
Levellised
FixedCost
Variable
Cost
(FY2013
14)
(`/kWh)
(`/kWh)
Andhra
Pradesh
2.46
3.45
5.91
0.12
5.79
Haryana
2.53
3.92
6.45
0.12
6.32
Maharashtra
2.54
4.01
6.55
0.12
6.43
Punjab
2.55
4.10
6.65
0.12
6.53
Rajasthan
2.46
3.42
5.88
0.12
5.76
TamilNadu
2.46
3.39
5.85
0.12
5.73
Uttar
Pradesh
2.47
3.50
5.98
0.12
5.86
Others
2.49
3.68
6.18
0.12
6.06
3.30
BiogasbasedCogeneration
3.62
6.91
0.24
6.67
State
Biogas
Applicable
TariffRate
(FY201314)
(`/kWh)
BiomassGasifierPowerProject
Page39
70. ThedetailedcomputationsforthegenerictariffforvariousREtechnologieshavebeen
enclosedtothisOrderasperthedetailsgivenhereunder:
SNo
Annexure
WindPowerProjects
WindZoneI
Annexure1A
WindZoneII
Annexure1B
WindZoneIII
Annexure1C
WindZoneIV
Annexure1D
WindZoneV
Annexure1E
SmallHydroPowerProjects
ProjectsLessthan5MWforHP,Uttarakhandand Annexure2A
NEStates
Projectsbetween5MWand25MWforHP,
Annexure2B
UttarakhandandNEStates
Projectslessthan5MWforotherStates
Annexure2C
Projectsbetween5MWand25MWforother
Annexure2D
States
C
BiomassPowerProjects
AndhraPradesh
Annexure3A
Haryana
Annexure3B
Maharashtra
Annexure3C
Punjab
Annexure3D
Rajasthan
Annexure3E
UttarPradesh
Annexure3F
TamilNadu
Annexure3G
Others
Annexure3H
Page40
SNo
Annexure
NonFossilFuelBasedCogeneration
AndhraPradesh
Annexure4A
Haryana
Annexure4B
Maharashtra
Annexure4C
Punjab
Annexure4D
UttarPradesh
Annexure4E
TamilNadu
Annexure4F
Others
Annexure4G
SolarProjects
SolarPVProjects
SolarThermalProjects
Annexure5A
Annexure6A
BiomassGasifierPowerProjects
AndhraPradesh
Annexure7A
Haryana
Annexure7B
Maharashtra
Annexure7C
Punjab
Annexure7D
Rajasthan
Annexure7E
UttarPradesh
Annexure7F
TamilNadu
Annexure7G
Others
Annexure7H
BiogasbasedPowerProjects
Annexure8A
Sd/
Sd/Sd/Sd/
[M.DEENADAYALAN][V.S.VERMA][S.JAYARAMAN][Dr.PRAMODDEO]
MEMBER
MEMBER
MEMBER
CHAIRPERSON
NewDelhi
Datedthe28thFebruary,2013
Page41
Appendix1
CapitalcostofIndexationforWindPowerProjects(FY201314)
IndexationFormulation
CC(n)=P&M(n)*[1+F1+F2+F3]
d(n)=(a*(SI(n1)/SI(0))1)+b*(EI(n1)/EI(0))1))/(a+b)
P&M(n)=P&M(0)*(1+d(n))
Variable
a
b
F1
F2
F3
Description
WeightageforSteelIndex
WeightageforElectricalMachineryIndex
FactorforLandandCivilWork
FactorforErectionandCommissioning
FactorforIDCandFinancing
Month/Year
January
February
March
April
May
June
July
August
September
October
November
December
Average
Electrical
Machinery
2012
2011
Value
0.60
0.40
0.08
0.07
0.10
Steel
2012
2011
130.900
125.100
126.200
118.600
130.900
125.100
126.200
113.000
130.900
126.400
126.200
113.000
130.700
127.200
126.200
113.000
131.200
127.600
126.200
113.000
132.200
128.000
126.200
119.600
133.000
128.700
126.200
126.200
133.200
129.200
126.200
126.200
133.100
130.900
126.200
126.200
133.100
130.600
126.200
126.200
133.000
130.800
126.200
126.200
133.600
131.000
126.200
126.200
132.150
128.383
126.200
120.617
Parameters
Description
Value
CC(0)(`L/MW)
CapitalCostfortheBaseYear
575.000
P&M(0)(`L/MW)
Plant&MachineryCostfortheBaseYear
460.000
d(n)
CapitalCostescalationFactor
3.951%
P&M(n)(`L/MW)
Plant&MachineryCostforthenthYear(FY201314) 478.174
CC(n)(` L/MW)
CapitalCostforthenthYear(FY201314)
597.718
SourceofWPI(SteelandElectricalMachinery):OfficeofEconomicAdvisor,Ministryof
CommerceandIndustry(www.eaindustry.nic.in)
Page42
Appendix2
CapitalcostofIndexationforSmallHydroPowerProjects(FY201314)
CC(n)=P&M(n)*[1+F1+F2+F3]
P&M(n)=P&M(0)*(1+d(n))
Variable
a
b
F1
F2
F3
Description
Month/Year
January
February
March
April
May
June
July
August
September
October
November
December
Average
Electrical
Machinery
2012
2011
Value
0.60
0.40
0.16
0.10
0.14
Steel
2012
2011
130.900
125.100
126.200
118.600
130.900
125.100
126.200
113.000
130.900
126.400
126.200
113.000
130.700
127.200
126.200
113.000
131.200
127.600
126.200
113.000
132.200
128.000
126.200
119.600
133.000
128.700
126.200
126.200
133.200
129.200
126.200
126.200
133.100
130.900
126.200
126.200
133.100
130.600
126.200
126.200
133.000
130.800
126.200
126.200
133.600
131.000
126.200
126.200
132.150
128.383
126.200
120.617
Parameters
CC(0)(`L/MW)
P&M(0)(`L/MW)
d(n)
HP/Uttrakhand/
NE
SHP<5
5MW
MW
25MW
770.000 700.00
550.000 500.00
3.95%
3.95%
OtherStates
SHP<5
5MW
MW
25MW
600.00 550.00
428.57 392.86
3.95%
3.95%
Description
Plant&MachineryCostforthenthYear(FY
P&M(n)(`L/MW) 201314)
571.730 519.755 445.504 408.379
CC(n)(` L/MW)
800.422 727.657 623.706 571.730
Page43
Appendix3
CapitalcostofIndexationforBiomassPowerProjects(FY201314)
CC(n)=P&M(n)*[1+F1+F2+F3]
P&M(n)=P&M(0)*(1+d(n))
Variable
a
b
F1
F2
F3
Description
Month/Year
January
February
March
April
May
June
July
August
September
October
November
December
Average
Electrical
Machinery
2012
2011
Value
0.70
0.30
0.10
0.09
0.14
Steel
2012
2011
130.900
125.100
126.200
118.600
130.900
125.100
126.200
113.000
130.900
126.400
126.200
113.000
130.700
127.200
126.200
113.000
131.200
127.600
126.200
113.000
132.200
128.000
126.200
119.600
133.000
128.700
126.200
126.200
133.200
129.200
126.200
126.200
133.100
130.900
126.200
126.200
133.100
130.600
126.200
126.200
133.000
130.800
126.200
126.200
133.600
131.000
126.200
126.200
132.150
128.383
126.200
120.617
Parameters
Description
Value
CC(0)(`L/MW)
445.000
P&M(0)(`L/MW)
334.586
d(n)
4.120%
P&M(n)(`L/MW)
CC(n)(` L/MW)
463.336
Page44
Appendix4
CapitalcostofIndexationforNonfossilfuelbasedCogenerationPowerProjects(FY
201314)
CC(n)=P&M(n)*[1+F1+F2+F3]
P&M(n)=P&M(0)*(1+d(n))
Variable
a
b
F1
F2
F3
Description
Month/Year
January
February
March
April
May
June
July
August
September
October
November
December
Average
Electrical
Machinery
2012
2011
Value
0.70
0.30
0.10
0.09
0.14
Steel
2012
2011
130.900
125.100
126.200
118.600
130.900
125.100
126.200
113.000
130.900
126.400
126.200
113.000
130.700
127.200
126.200
113.000
131.200
127.600
126.200
113.000
132.200
128.000
126.200
119.600
133.000
128.700
126.200
126.200
133.200
129.200
126.200
126.200
133.100
130.900
126.200
126.200
133.100
130.600
126.200
126.200
133.000
130.800
126.200
126.200
133.600
131.000
126.200
126.200
132.150
128.383
126.200
120.617
Parameters
Description
Value
CC(0)(`L/MW)
420.000
P&M(0)(`L/MW)
315.790
d(n)
4.12%
P&M(n)(`L/MW)
CC(n)(` L/MW)
437.306
Page45
Appendix5
CapitalcostofIndexationforBiomassGasifierPowerProjects(FY201314)
CC(n)=P&M(n)*[1+F1+F2+F3]
P&M(n)=P&M(0)*(1+d(n))
Variable
a
b
F1
F2
F3
Description
Month/Year
January
February
March
April
May
June
July
August
September
October
November
December
Average
Electrical&
Machinery
2012
2011
Value
0.70
0.30
0.10
0.09
0.14
Iron&Steel
2012
2011
130.900
125.100
126.200
118.600
130.900
125.100
126.200
113.000
130.900
126.400
126.200
113.000
130.700
127.200
126.200
113.000
131.200
127.600
126.200
113.000
132.200
128.000
126.200
119.600
133.000
128.700
126.200
126.200
133.200
129.200
126.200
126.200
133.100
130.900
126.200
126.200
133.100
130.600
126.200
126.200
133.000
130.800
126.200
126.200
133.600
131.000
126.200
126.200
132.150
128.383
126.200
120.617
Parameters
Description
Value
CC(0)(`L/MW)
550.000
P&M(0)(`L/MW)
413.534
d(n)
4.12%
P&M(n)(`L/MW)
CC(n)(` L/MW)
572.663
Page46
Appendix6
CapitalcostofIndexationforBiogasbasedPowerProjects(FY201314)
CC(n)=P&M(n)*[1+F1+F2+F3]
P&M(n)=P&M(0)*(1+d(n))
Variable
a
b
F1
F2
F3
Description
Month/Year
January
February
March
April
May
June
July
August
September
October
November
December
Average
Electrical
Machinery
2012
2011
Value
0.7
0.3
0.1
0.09
0.14
Steel
2012
2011
130.900
125.100
126.200
118.600
130.900
125.100
126.200
113.000
130.900
126.400
126.200
113.000
130.700
127.200
126.200
113.000
131.200
127.600
126.200
113.000
132.200
128.000
126.200
119.600
133.000
128.700
126.200
126.200
133.200
129.200
126.200
126.200
133.100
130.900
126.200
126.200
133.100
130.600
126.200
126.200
133.000
130.800
126.200
126.200
133.600
131.000
126.200
126.200
132.150
128.383
126.200
120.617
Parameters
Description
Value
CC(0)(`L/MW)
1100.000
P&M(0)(`L/MW)
827.068
d(n)
4.12%
P&M(n)(`L/MW)
CC(n)(` L/MW)
1145.325
Page47
Appendix7
BiomassFuelPriceacrossStatesforFY201314
AsperfuelpriceIndexMechanismoutlinedunderRegulation45andtheavailabilityofrequired
information
FuelPriceindexationforBiomassPowerProjects(FY201314)
P(n)=P(n1)*{a*(WPI(n)/WPI(n1)+b*(1+IRC(n1)+c*(Pd(n)/Pd(n1))}
Parameter
WPIn1
WPIn
IRCn1
Pdn1
Pdn
a
b
c
State
AndhraPradesh
Haryana
Maharashtra
Punjab
Rajasthan
TamilNadu
UttarPradesh
OtherStates
Value
152.10
163.50
6.47%
160.99
175.24
0.20
0.60
0.20
Biomassprice
(`/MT)
(201213)
2315.00
2635.00
2695.00
2756.00
2300.00
2277.00
2355.00
2476.00
Biomassprice
(`/MT)
(201314)
2480.55
2823.44
2887.73
2953.09
2464.48
2439.83
2523.41
2653.07
Note:
1.TheCalculationofWPI(n)andWPI(n1)isbasedonthefiguresavailableonApril2012and
April2011respectively.
2.TheCalculationofPd(n)isbasedontheweightedaverageoftheWPI(PriceofHSD)figures
availableforthemonthsfromJanuary2012toDecember2012.
3.TheCalculationofPd(n1)isbasedontheweightedaverageoftheWPI(PriceofHSD)figures
4.TheCalculationofPd(n)andPd(n1)areshownasunder:
Page48
WPI(PriceofHSD)
Month
2012
2011
Jan
167.80
153.60
Feb
167.80
153.60
Mar
167.80
153.60
Apr
167.80
153.60
May
167.80
153.60
Jun
167.80
157.10
Jul
167.80
167.80
Aug
168.60
167.80
Sep
182.80
167.80
Oct
192.30
167.80
Nov
192.30
167.80
Dec
192.30
167.80
Average Pd(n):175.24 Pd(n1):160.99
SourceofWPIandWPI(PriceofHSD):OfficeofEconomicAdvisor,MinistryofCommerceand
Industry(www.eaindustry.nic.in),
From
01-04-2012
To
30-09-2012
IRC
9.54%
Days
183
01-10-2012
31-03-2013
3.38%
182
365
Average
IRC
6.47%
SourceofIRC:CERC(www.cercind.gov.in)
Page49
Appendix8
bagasseFuelPriceacrossStatesforFY201314
information
FuelPriceindexationforBagassePowerProjects(FY201314)
Parameter
WPI(n1)
WPI(n)
IRC(n1)
Pd(n1)
Pd(n)
a
b
c
Value
152.10
163.50
6.47%
160.99
175.24
0.20
0.60
0.20
State
Bagasseprice
(`/MT)
(201213)
Bagasseprice
(`/MT)
(201314)
AndhraPradesh
Haryana
1307.00
1859.00
1400.47
1991.94
Maharashtra
Punjab
TamilNadu
UttarPradesh
OtherStates
1832.00
1636.00
1408.00
1458.00
1583.00
1963.01
1753.00
1508.69
1562.27
1696.20
Note:
Page50
WPI(PriceofHSD)
Month
2012
2011
Jan
167.80
153.60
Feb
167.80
153.60
Mar
167.80
153.60
Apr
167.80
153.60
May
167.80
153.60
Jun
167.80
157.10
Jul
167.80
167.80
Aug
168.60
167.80
Sep
182.80
167.80
Oct
192.30
167.80
Nov
192.30
167.80
Dec
192.30
167.80
Average Pd(n):175.24 Pd(n1):160.99

SourceofWPIandWPI(PriceofHSD):OfficeofEconomicAdvisor,MinistryofCommerceandIndustry
(www.eaindustry.nic.in),
From
01-04-2012
To
30-09-2012
IRC
9.54%
Days
183
01-10-2012
31-03-2013
3.38%
182
365
Average
IRC
6.47%
Page51
Appendix9
BiomassGasifierFuelPriceacrossStatesforFY201314
information
FuelPriceindexationforBiomassgasifierPowerProjects(FY201314)
Parameter
WPI(n1)
WPI(n)
IRC(n1)
Pd(n1)
Pd(n)
a
b
c
State
AndhraPradesh
Haryana
Maharashtra
Punjab
Rajasthan
TamilNadu
UttarPradesh
OtherStates
Value
152.10
163.50
6.47%
160.99
175.24
0.20
0.60
0.20
Biomassprice
(`/MT)
(201213)
2315.00
2635.00
2695.00
2756.00
2300.00
2277.00
2355.00
2476.00
Biomassprice
(`/MT)
(201314)
2480.55
2823.44
2887.73
2953.09
2464.48
2439.83
2523.41
2653.07
Note:
Page52
WPI(PriceofHSD)
Month
2012
2011
Jan
167.80
153.60
Feb
167.80
153.60
Mar
167.80
153.60
Apr
167.80
153.60
May
167.80
153.60
Jun
167.80
157.10
Jul
167.80
167.80
Aug
168.60
167.80
Sep
182.80
167.80
Oct
192.30
167.80
Nov
192.30
167.80
Dec
192.30
167.80
Average Pd(n):175.24 Pd(n1):160.99

SourceofWPIandWPI(PriceofHSD):OfficeofEconomicAdvisor,MinistryofCommerceandIndustry
(www.eaindustry.nic.in),
From
01-04-2012
To
30-09-2012
IRC
9.54%
Days
183
01-10-2012
31-03-2013
3.38%
182
365
Average
IRC
6.47%
Page53
Appendix10
FuelPriceforbiogasbasedpowerplantforFY201314
information
FuelPriceindexationforBiogasbasedpowerprojects(FY201314)
Parameter
WPI(n1)
WPI(n)
IRC(n1)
Pd(n1)
Pd(n)
a
b
c
Value
152.10
163.50
6.47%
160.99
175.24
0.20
0.60
0.20
Fuelprice
(`/MT)
(201213)
990.00
Fuelprice
(`/MT)
(201314)
1060.80
Note:
Page54
WPI(PriceofHSD)
Month
2012
2011
Jan
167.80
153.60
Feb
167.80
153.60
Mar
167.80
153.60
Apr
167.80
153.60
May
167.80
153.60
Jun
167.80
157.10
Jul
167.80
167.80
Aug
168.60
167.80
Sep
182.80
167.80
Oct
192.30
167.80
Nov
192.30
167.80
Dec
192.30
167.80
Average Pd(n):175.24 Pd(n1):160.99

SourceofWPIandWPI(PriceofHSD):OfficeofEconomicAdvisor,MinistryofCommerceand
Industry(www.eaindustry.nic.in),
From
01-04-2012
To
30-09-2012
IRC
9.54%
Days
183
01-10-2012
31-03-2013
3.38%
182
365
Average
IRC
6.47%
Page55
Annexure1A
Assumptions: Wind Energy Projects
S. No.
Assumption Head
Sub-Head
Sub-Head (2)
Unit
Wind Zone
1
Power Generation
Capacity
Installed Power Generation Capacity
Capacity Utilization Factor
Useful Life
MW
%
Years
1
20%
25
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
418.403
179.315
Loan Amount
Moratorium Period
Repayment Period(incld Moratorium)
Interest Rate
Rs Lacs
years
years
%
418.40
0
12
13.00%
Rs Lacs
% p.a
Year
% p.a
179.32
20.00%
10
24.00%
22.40%
10.95%
Income Tax
MAT Rate (for first 10 years)
80 IA benefits
%
%
Yes/No
32.445%
20%
Yes
Depreciation Rate for first 12 years

Depreciation Rate 13th year onwards
Years for 5.83% rate
%
%
2 Project Cost
Capital Cost/MW
597.718
3 Sources of Fund
13
Debt: Equity
Debt Component
Equity Component
Equity amount
16% Return on Equity for first 10 years
RoE Period
Return on Equity 11th year onwards
Weighted average of ROE
Discount Rate
4 Financial Assumptions
Fiscal Assumptions
Depreciation
5.83%
1.54%
12
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
(% of O&M exepenses)
Receivables for Debtors
For Variable Charges
Interest On Working Capital
6 Operation & Maintenance
Power plant (FY13-14)
Total O & M Expenses Escalation
Months
1
15%
2
Months
%
13.50%
Rs Lacs/MW
%
9.51
5.72%
Page56
Determination of Tariff Component

1
Units Generation
Installed Capacity
Gross/Net Generation
Fixed Cost
O&M Expenses
Depreciation
Interest on term loan
Interest on working Capital
Return on Equity
Total Fixed Cost
0.812
0.732
0.660
0.595
0.536
0.483
0.436
0.393
0.354
0.319
0.287
0.259
0.234
0.210
0.190
0.171
0.154
0.139
0.125
0.113
0.102
0.092
0.083
Unit
MW
MU
Year--->
1
1
1.75
2
1
1.75
3
1
1.75
4
1
1.75
5
1
1.75
6
1
1.75
7
1
1.75
8
1
1.75
9
1
1.75
10
1
1.75
11
1
1.75
12
1
1.75
13
1
1.75
14
1
1.75
15
1
1.75
16
1
1.75
17
1
1.75
18
1
1.75
19
1
1.75
20
1
1.75
21
1
1.75
22
1
1.75
23
1
1.75
24
1
1.75
25
1
1.75
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Year--->
1
9.51
34.85
52.13
3.35
35.86
135.70
2
10.05
34.85
47.59
3.28
35.86
131.64
3
10.63
34.85
43.06
3.21
35.86
127.61
4
11.24
34.85
38.53
3.14
35.86
123.61
5
11.88
34.85
34.00
3.07
35.86
119.65
6
12.56
34.85
29.46
3.00
35.86
115.73
7
13.28
34.85
24.93
2.93
35.86
111.85
8
14.04
34.85
20.40
2.87
35.86
108.02
9
14.84
34.85
15.86
2.81
35.86
104.23
10
15.69
34.85
11.33
2.76
35.86
100.49
11
16.59
34.85
6.80
2.87
43.04
104.13
12
17.54
34.85
2.27
2.81
43.04
100.50
13
18.54
9.21
0.00
2.23
43.04
73.01
14
19.60
9.21
0.00
2.29
43.04
74.13
15
20.72
9.21
0.00
2.35
43.04
75.32
16
21.90
9.21
0.00
2.41
43.04
76.57
17
23.16
9.21
0.00
2.48
43.04
77.89
18
24.48
9.21
0.00
2.56
43.04
79.29
19
25.88
9.21
0.00
2.63
43.04
80.76
20
27.36
9.21
0.00
2.71
43.04
82.33
21
28.93
9.21
0.00
2.80
43.04
83.98
22
30.58
9.21
0.00
2.89
43.04
85.72
23
32.33
9.21
0.00
2.99
43.04
87.57
24
34.18
9.21
0.00
3.09
43.04
89.52
25
36.14
9.21
0.00
3.20
43.04
91.59
1
0.54
1.99
2.98
0.19
2.05
7.75
2
0.57
1.99
2.72
0.19
2.05
7.51
3
0.61
1.99
2.46
0.18
2.05
7.28
4
0.64
1.99
2.20
0.18
2.05
7.06
5
0.68
1.99
1.94
0.18
2.05
6.83
6
0.72
1.99
1.68
0.17
2.05
6.61
7
0.76
1.99
1.42
0.17
2.05
6.38
8
0.80
1.99
1.16
0.16
2.05
6.17
9
0.85
1.99
0.91
0.16
2.05
5.95
10
0.90
1.99
0.65
0.16
2.05
5.74
11
0.95
1.99
0.39
0.16
2.46
5.94
12
1.00
1.99
0.13
0.16
2.46
5.74
13
1.06
0.53
0.00
0.13
2.46
4.17
14
1.12
0.53
0.00
0.13
2.46
4.23
15
1.18
0.53
0.00
0.13
2.46
4.30
16
1.25
0.53
0.00
0.14
2.46
4.37
17
1.32
0.53
0.00
0.14
2.46
4.45
18
1.40
0.53
0.00
0.15
2.46
4.53
19
1.48
0.53
0.00
0.15
2.46
4.61
20
1.56
0.53
0.00
0.15
2.46
4.70
21
1.65
0.53
0.00
0.16
2.46
4.79
22
1.75
0.53
0.00
0.17
2.46
4.89
23
1.85
0.53
0.00
0.17
2.46
5.00
24
1.95
0.53
0.00
0.18
2.46
5.11
25
2.06
0.53
0.00
0.18
2.46
5.23
Levallised tariff corresponding to Useful life

Per Unit Cost of Generation
Unit
Levellised
O&M expn
Rs/kWh
0.86
Depreciation
Rs/kWh
1.65
Int. on term loan
Rs/kWh
1.44
Int. on working capital
Rs/kWh
0.17
RoE
Rs/kWh
2.17
Total COG
Rs/kWh
6.29
Levellised
Discount Factor
Levellised Tariff
0.901
6.29
0.901
0.812
0.732
0.660
0.595
0.536
0.483
0.436
0.393
0.354
0.319
0.287
0.259
0.234
0.210
0.190
0.171
0.154
0.139
0.125
0.113
0.102
0.092
0.083
Rs/Unit
Page57
Determination of Accelerated Depreciation for Wind Power Projects

Depreciation amount
Book Depreciation rate
Tax Depreciation rate
Additional Depriciation
Income Tax (Normal Rates)
Capital Cost Rs. Lakh
90%
5.28%
15%
20.00%
32.445%
597.718
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
15.78
Accelerated Depreciation
Opening
Allowed during the year
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100.00%
17.50%
83%
104.60
Rs Lakh
Rs Lakh
MU
Rs/Unit
88.82
28.82
0.88
3.29
1.00
Rs/Unit
Net Depreciation Benefit

Tax Benefit
Energy generation
Per unit benefit
Discounting Factor
Levellised benefit
0.49
2
5.28%
31.56
3
5.28%
31.56
4
5.28%
31.56
5
5.28%
31.56
6
5.28%
31.56
7
5.28%
31.56
8
5.28%
31.56
9
5.28%
31.56
82.50% 61.88% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34%

20.63% 9.28% 7.89% 6.71% 5.70% 4.84% 4.12% 3.50%
62% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34% 19.84%
123.28
55.48
47.15
40.08
34.07
28.96
24.61
20.92
91.72
29.76
1.75
1.70
0.95
23.92
7.76
1.75
0.44
0.86
15.59
5.06
1.75
0.29
0.77
8.52
2.76
1.75
0.16
0.70
2.51
0.81
1.75
0.05
0.63
-2.60
-0.84
1.75
-0.05
0.56
-6.94
-2.25
1.75
-0.13
0.51
-10.64
-3.45
1.75
-0.20
0.46
10
5.28%
31.56
14
5.28%
31.56
15
5.28%
31.56
16
5.28%
31.56
17
5.28%
31.56
18
2.88%
17.21
19
0.00%
0.00
20
0.00%
0.00
19.84% 16.86% 14.33% 12.18% 10.35%

2.98% 2.53% 2.15% 1.83% 1.55%
16.86% 14.33% 12.18% 10.35% 8.80%
17.78
15.12
12.85
10.92
9.28
8.80%
1.32%
7.48%
7.89
7.48%
1.12%
6.36%
6.71
6.36%
0.95%
5.41%
5.70
5.41%
0.81%
4.59%
4.85
4.59%
0.69%
3.91%
4.12
3.91%
0.59%
3.32%
3.50
-23.67
-7.68
1.75
-0.44
0.25
-24.85
-8.06
1.75
-0.46
0.22
-25.86
-8.39
1.75
-0.48
0.20
-12.37
-4.01
1.75
-0.23
0.18
4.12
1.34
1.75
0.08
0.16
3.50
1.14
1.75
0.06
0.15
-13.78
-4.47
1.75
-0.26
0.41
11
5.28%
31.56
-16.44
-5.33
1.75
-0.30
0.37
12
5.28%
31.56
-18.71
-6.07
1.75
-0.35
0.34
13
5.28%
31.56
-20.64
-6.70
1.75
-0.38
0.30
-22.28
-7.23
1.75
-0.41
0.27
Page58
Annexure1B
S. No.
Assumption Head
Sub-Head
Sub-Head (2)
Unit
Wind Zone
2
Power Generation
Capacity
Useful Life
MW
%
Years
1
22%
25
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
418.403
179.315
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
418.40
0
12
13.00%
Rs Lacs
% p.a
Year
% p.a
179.32
20.00%
10
24.00%
22.40%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20%
Yes

%
%
2 Project Cost
Capital Cost/MW
597.718
3 Sources of Fund
13
Debt: Equity
Debt Component
Equity Component
Equity amount
RoE Period
Discount Rate
Fiscal Assumptions
Depreciation
5.83%
1.54%
12
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Months
Months
%
Rs Lacs/MW
%
1
15%
2
13.50%
9.51
5.72%
Page59

1
Units Generation
Installed Capacity
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Unit
MW
MU
Year--->
Unit Year--->
1
Rs Lakh
9.51
Rs Lakh
34.85
Rs Lakh
52.13
Rs Lakh
3.35
Rs Lakh
35.86
Rs Lakh
135.70

Unit Levellised
O&M expn
Rs/kWh
0.78
Depreciation
Rs/kWh
1.50
Int. on term loan
Rs/kWh
1.30
Rs/kWh
0.15
RoE
Rs/kWh
1.97
Total COG
Rs/kWh
5.72
Levellised
Discount Factor
Levellised Tariff
1
1
1.93
5.72
1
0.49
1.81
2.70
0.17
1.86
7.04
1
0.901
0.812
0.732
0.660
0.595
2
1
1.93
3
1
1.93
4
1
1.93
5
1
1.93
6
1
1.93
2
10.05
34.85
47.59
3.28
35.86
131.64
3
10.63
34.85
43.06
3.21
35.86
127.61
4
11.24
34.85
38.53
3.14
35.86
123.61
5
11.88
34.85
34.00
3.07
35.86
119.65
6
12.56
34.85
29.46
3.00
35.86
115.73
2
0.52
1.81
2.47
0.17
1.86
6.83
3
0.55
1.81
2.23
0.17
1.86
6.62
4
0.58
1.81
2.00
0.16
1.86
6.41
5
0.62
1.81
1.76
0.16
1.86
6.21
6
0.65
1.81
1.53
0.16
1.86
6.01
0.901
0.812
0.732
0.660
0.595
0.536
7
1
1.93
0.483
8
1
1.93
7
8
13.28 14.04
34.85 34.85
24.93 20.40
2.93
2.87
35.86 35.86
111.85 108.02
7
0.69
1.81
1.29
0.15
1.86
5.80
0.536
8
0.73
1.81
1.06
0.15
1.86
5.60
0.483
0.436
0.393
0.354
0.319
0.287
0.259
0.234
0.210
0.190
0.171
0.154
0.139
0.125
0.113
0.102
0.083
9
1
1.93
10
1
1.93
11
1
1.93
12
1
1.93
13
1
1.93
14
1
1.93
15
1
1.93
16
1
1.93
17
1
1.93
18
1
1.93
19
1
1.93
20
1
1.93
21
1
1.93
22
1
1.93
23
1
1.93
24
1
1.93
25
1
1.93
9
14.84
34.85
15.86
2.81
35.86
104.23
10
15.69
34.85
11.33
2.76
35.86
100.49
11
16.59
34.85
6.80
2.87
43.04
104.13
12
17.54
34.85
2.27
2.81
43.04
100.50
13
18.54
9.21
0.00
2.23
43.04
73.01
14
19.60
9.21
0.00
2.29
43.04
74.13
15
20.72
9.21
0.00
2.35
43.04
75.32
16
21.90
9.21
0.00
2.41
43.04
76.57
17
23.16
9.21
0.00
2.48
43.04
77.89
18
24.48
9.21
0.00
2.56
43.04
79.29
19
25.88
9.21
0.00
2.63
43.04
80.76
20
27.36
9.21
0.00
2.71
43.04
82.33
21
28.93
9.21
0.00
2.80
43.04
83.98
22
30.58
9.21
0.00
2.89
43.04
85.72
23
32.33
9.21
0.00
2.99
43.04
87.57
24
34.18
9.21
0.00
3.09
43.04
89.52
25
36.14
9.21
0.00
3.20
43.04
91.59
9
0.77
1.81
0.82
0.15
1.86
5.41
10
0.81
1.81
0.59
0.14
1.86
5.21
11
0.86
1.81
0.35
0.15
2.23
5.40
12
0.91
1.81
0.12
0.15
2.23
5.21
13
0.96
0.48
0.00
0.12
2.23
3.79
14
1.02
0.48
0.00
0.12
2.23
3.85
15
1.08
0.48
0.00
0.12
2.23
3.91
16
1.14
0.48
0.00
0.13
2.23
3.97
17
1.20
0.48
0.00
0.13
2.23
4.04
18
1.27
0.48
0.00
0.13
2.23
4.11
19
1.34
0.48
0.00
0.14
2.23
4.19
20
1.42
0.48
0.00
0.14
2.23
4.27
21
1.50
0.48
0.00
0.15
2.23
4.36
22
1.59
0.48
0.00
0.15
2.23
4.45
23
1.68
0.48
0.00
0.16
2.23
4.54
24
1.77
0.48
0.00
0.16
2.23
4.65
25
1.88
0.48
0.00
0.17
2.23
4.75
0.436
0.393
0.354
0.319
0.287
0.259
0.234
0.210
0.190
0.171
0.154
0.139
0.125
0.113
0.102
0.092
0.083
Rs/Unit
0.092
Page60

Depreciation amount
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
15.78
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100.00%
17.50%
83%
104.60
Rs Lakh
Rs Lakh
MU
Rs/Unit
88.82
28.82
0.96
2.99
1.00
Rs/Unit

Tax Benefit
Energy generation
Per unit benefit
Discounting Factor
Levellised benefit
90%
5.28%
15%
20.00%
32.445%
597.718
0.45
2
5.28%
31.56
3
5.28%
31.56
4
5.28%
31.56
5
5.28%
31.56
6
5.28%
31.56
7
5.28%
31.56
8
5.28%
31.56
9
5.28%
31.56
82.50% 61.88% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34%

20.63% 9.28% 7.89% 6.71% 5.70% 4.84% 4.12% 3.50%
62% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34% 19.84%
123.28
55.48
47.15
40.08
34.07
28.96
24.61
20.92
91.72
29.76
1.93
1.54
0.95
23.92
7.76
1.93
0.40
0.86
15.59
5.06
1.93
0.26
0.77
8.52
2.76
1.93
0.14
0.70
2.51
0.81
1.93
0.04
0.63
-2.60
-0.84
1.93
-0.04
0.56
-6.94
-2.25
1.93
-0.12
0.51
-10.64
-3.45
1.93
-0.18
0.46
10
5.28%
31.56
14
5.28%
31.56
15
5.28%
31.56
16
5.28%
31.56
17
5.28%
31.56
18
2.88%
17.21
19
0.00%
0.00
20
0.00%
0.00
19.84% 16.86% 14.33% 12.18% 10.35%

2.98% 2.53% 2.15% 1.83% 1.55%
16.86% 14.33% 12.18% 10.35% 8.80%
17.78
15.12
12.85
10.92
9.28
8.80%
1.32%
7.48%
7.89
7.48%
1.12%
6.36%
6.71
6.36%
0.95%
5.41%
5.70
5.41%
0.81%
4.59%
4.85
4.59%
0.69%
3.91%
4.12
3.91%
0.59%
3.32%
3.50
-23.67
-7.68
1.93
-0.40
0.25
-24.85
-8.06
1.93
-0.42
0.22
-25.86
-8.39
1.93
-0.44
0.20
-12.37
-4.01
1.93
-0.21
0.18
4.12
1.34
1.93
0.07
0.16
3.50
1.14
1.93
0.06
0.15
-13.78
-4.47
1.93
-0.23
0.41
11
5.28%
31.56
-16.44
-5.33
1.93
-0.28
0.37
12
5.28%
31.56
-18.71
-6.07
1.93
-0.31
0.34
13
5.28%
31.56
-20.64
-6.70
1.93
-0.35
0.30
-22.28
-7.23
1.93
-0.38
0.27
Page61
Annexure1C
S. No.
Assumption Head
Sub-Head
Sub-Head (2)
Unit
Wind Zone
3
Power Generation
Capacity
Useful Life
MW
%
Years
1
25%
25
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
418.403
179.315
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
418.40
0
12
13.00%
Rs Lacs
% p.a
Year
% p.a
179.32
20.00%
10
24.00%
22.40%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20%
Yes

%
%
2 Project Cost
Capital Cost/MW
597.718
3 Sources of Fund
13
Debt: Equity
Debt Component
Equity Component
Equity amount
RoE Period
Discount Rate
Fiscal Assumptions
Depreciation
5.83%
1.54%
12
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Months
Months
%
Rs Lacs/MW
%
1
15%
2
13.50%
9.51
5.72%
Page62

1
Units Generation
Installed Capacity
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Unit
MW
MU
Year--->
Unit
Year--->
1
Rs Lakh
9.51
Rs Lakh
34.85
Rs Lakh
52.13
Rs Lakh
3.35
Rs Lakh
35.86
Rs Lakh
135.70

Unit Levellised
O&M expn
Rs/kWh
0.69
Depreciation
Rs/kWh
1.32
Int. on term loan
Rs/kWh
1.15
Rs/kWh
0.13
RoE
Rs/kWh
1.74
Total COG
Rs/kWh
5.03
Levellised
Discount Factor
Levellised Tariff
1
1
2.19
5.03
1
0.43
1.59
2.38
0.15
1.64
6.20
1
0.901
0.812
0.732
0.660
0.595
0.536
0.483
0.436
0.393
0.354
0.319
0.287
0.259
0.234
0.210
0.190
0.171
0.154
0.139
0.125
0.113
0.102
0.092
0.083
2
1
2.19
3
1
2.19
4
1
2.19
5
1
2.19
6
1
2.19
7
1
2.19
8
1
2.19
9
1
2.19
10
1
2.19
11
1
2.19
12
1
2.19
13
1
2.19
14
1
2.19
15
1
2.19
16
1
2.19
17
1
2.19
18
1
2.19
19
1
2.19
20
1
2.19
21
1
2.19
22
1
2.19
23
1
2.19
24
1
2.19
25
1
2.19
2
10.05
34.85
47.59
3.28
35.86
131.64
3
10.63
34.85
43.06
3.21
35.86
127.61
4
11.24
34.85
38.53
3.14
35.86
123.61
5
11.88
34.85
34.00
3.07
35.86
119.65
6
12.56
34.85
29.46
3.00
35.86
115.73
7
13.28
34.85
24.93
2.93
35.86
111.85
8
14.04
34.85
20.40
2.87
35.86
108.02
9
14.84
34.85
15.86
2.81
35.86
104.23
10
15.69
34.85
11.33
2.76
35.86
100.49
11
16.59
34.85
6.80
2.87
43.04
104.13
12
17.54
34.85
2.27
2.81
43.04
100.50
13
18.54
9.21
0.00
2.23
43.04
73.01
14
19.60
9.21
0.00
2.29
43.04
74.13
15
20.72
9.21
0.00
2.35
43.04
75.32
16
21.90
9.21
0.00
2.41
43.04
76.57
17
23.16
9.21
0.00
2.48
43.04
77.89
18
24.48
9.21
0.00
2.56
43.04
79.29
19
25.88
9.21
0.00
2.63
43.04
80.76
20
27.36
9.21
0.00
2.71
43.04
82.33
21
28.93
9.21
0.00
2.80
43.04
83.98
22
30.58
9.21
0.00
2.89
43.04
85.72
23
32.33
9.21
0.00
2.99
43.04
87.57
24
34.18
9.21
0.00
3.09
43.04
89.52
25
36.14
9.21
0.00
3.20
43.04
91.59
2
0.46
1.59
2.17
0.15
1.64
6.01
3
0.49
1.59
1.97
0.15
1.64
5.83
4
0.51
1.59
1.76
0.14
1.64
5.64
5
0.54
1.59
1.55
0.14
1.64
5.46
6
0.57
1.59
1.35
0.14
1.64
5.28
7
0.61
1.59
1.14
0.13
1.64
5.11
8
0.64
1.59
0.93
0.13
1.64
4.93
9
0.68
1.59
0.72
0.13
1.64
4.76
10
0.72
1.59
0.52
0.13
1.64
4.59
11
0.76
1.59
0.31
0.13
1.97
4.75
12
0.80
1.59
0.10
0.13
1.97
4.59
13
0.85
0.42
0.00
0.10
1.97
3.33
14
0.89
0.42
0.00
0.10
1.97
3.39
15
0.95
0.42
0.00
0.11
1.97
3.44
16
1.00
0.42
0.00
0.11
1.97
3.50
17
1.06
0.42
0.00
0.11
1.97
3.56
18
1.12
0.42
0.00
0.12
1.97
3.62
19
1.18
0.42
0.00
0.12
1.97
3.69
20
1.25
0.42
0.00
0.12
1.97
3.76
21
1.32
0.42
0.00
0.13
1.97
3.83
22
1.40
0.42
0.00
0.13
1.97
3.91
23
1.48
0.42
0.00
0.14
1.97
4.00
24
1.56
0.42
0.00
0.14
1.97
4.09
25
1.65
0.42
0.00
0.15
1.97
4.18
0.901
0.812
0.732
0.660
0.595
0.536
0.483
0.436
0.393
0.354
0.319
0.287
0.259
0.234
0.210
0.190
0.171
0.154
0.139
0.125
0.113
0.102
0.092
0.083
Rs/Unit
Page63

Depreciation amount
90%
5.28%
15%
20.00%
32.445%
597.718
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
15.78
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100.00%
17.50%
83%
104.60
Rs Lakh
Rs Lakh
MU
Rs/Unit
88.82
28.82
1.10
2.63
1.00
Rs/Unit

Tax Benefit
Energy generation
Per unit benefit
Discounting Factor
Levellised benefit
0.39
2
5.28%
31.56
3
5.28%
31.56
4
5.28%
31.56
5
5.28%
31.56
6
5.28%
31.56
7
5.28%
31.56
8
5.28%
31.56
9
5.28%
31.56
82.50% 61.88% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34%

20.63% 9.28% 7.89% 6.71% 5.70% 4.84% 4.12% 3.50%
62% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34% 19.84%
123.28
55.48
47.15
40.08
34.07
28.96
24.61
20.92
91.72
29.76
2.19
1.36
0.95
23.92
7.76
2.19
0.35
0.86
15.59
5.06
2.19
0.23
0.77
8.52
2.76
2.19
0.13
0.70
2.51
0.81
2.19
0.04
0.63
-2.60
-0.84
2.19
-0.04
0.56
-6.94
-2.25
2.19
-0.10
0.51
-10.64
-3.45
2.19
-0.16
0.46
10
5.28%
31.56
14
5.28%
31.56
15
5.28%
31.56
16
5.28%
31.56
17
5.28%
31.56
18
2.88%
17.21
19
0.00%
0.00
20
0.00%
0.00
19.84% 16.86% 14.33% 12.18% 10.35%

2.98% 2.53% 2.15% 1.83% 1.55%
16.86% 14.33% 12.18% 10.35% 8.80%
17.78
15.12
12.85
10.92
9.28
8.80%
1.32%
7.48%
7.89
7.48%
1.12%
6.36%
6.71
6.36%
0.95%
5.41%
5.70
5.41%
0.81%
4.59%
4.85
4.59%
0.69%
3.91%
4.12
3.91%
0.59%
3.32%
3.50
-23.67
-7.68
2.19
-0.35
0.25
-24.85
-8.06
2.19
-0.37
0.22
-25.86
-8.39
2.19
-0.38
0.20
-12.37
-4.01
2.19
-0.18
0.18
4.12
1.34
2.19
0.06
0.16
3.50
1.14
2.19
0.05
0.15
-13.78
-4.47
2.19
-0.20
0.41
11
5.28%
31.56
-16.44
-5.33
2.19
-0.24
0.37
12
5.28%
31.56
-18.71
-6.07
2.19
-0.28
0.34
13
5.28%
31.56
-20.64
-6.70
2.19
-0.31
0.30
-22.28
-7.23
2.19
-0.33
0.27
Page64
Annexure1D
S. No.
Assumption Head
Sub-Head
Sub-Head (2)
Unit
Wind Zone
4
Power Generation
Capacity
Useful Life
MW
%
Years
1
30%
25
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
418.403
179.315
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
418.40
0
12
13.00%
Rs Lacs
% p.a
Year
% p.a
179.32
20.00%
10
24.00%
22.40%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20%
Yes

%
%
2 Project Cost
Capital Cost/MW
597.718
3 Sources of Fund
13
Debt: Equity
Debt Component
Equity Component
Equity amount
RoE Period
Discount Rate
Fiscal Assumptions
Depreciation
5.83%
1.54%
12
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Months
Months
%
Rs Lacs/MW
%
1
15%
2
13.50%
9.51
5.72%
Page65

1
Units Generation
Installed Capacity
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Unit
MW
MU
Year--->
Unit
Year--->
1
Rs Lakh
9.51
Rs Lakh
34.85
Rs Lakh
52.13
Rs Lakh
3.35
Rs Lakh
35.86
Rs Lakh
135.70

Unit Levellised
O&M expn
Rs/kWh
0.57
Depreciation
Rs/kWh
1.10
Int. on term loan
Rs/kWh
0.96
Rs/kWh
0.11
RoE
Rs/kWh
1.45
Total COG
Rs/kWh
4.19
Levellised
Discount Factor
Levellised Tariff
1
1
2.63
4.19
1
0.36
1.33
1.98
0.13
1.36
5.16
1
0.901
0.812
0.732
0.660
0.595
0.536
0.483
0.436
0.393
0.354
0.319
0.287
0.259
0.234
0.210
0.190
0.171
0.154
0.139
0.125
0.113
0.102
0.092
0.083
2
1
2.63
3
1
2.63
4
1
2.63
5
1
2.63
6
1
2.63
7
1
2.63
8
1
2.63
9
1
2.63
10
1
2.63
11
1
2.63
12
1
2.63
13
1
2.63
14
1
2.63
15
1
2.63
16
1
2.63
17
1
2.63
18
1
2.63
19
1
2.63
20
1
2.63
21
1
2.63
22
1
2.63
23
1
2.63
24
1
2.63
25
1
2.63
2
10.05
34.85
47.59
3.28
35.86
131.64
3
10.63
34.85
43.06
3.21
35.86
127.61
4
11.24
34.85
38.53
3.14
35.86
123.61
5
11.88
34.85
34.00
3.07
35.86
119.65
6
12.56
34.85
29.46
3.00
35.86
115.73
7
13.28
34.85
24.93
2.93
35.86
111.85
8
14.04
34.85
20.40
2.87
35.86
108.02
9
14.84
34.85
15.86
2.81
35.86
104.23
10
15.69
34.85
11.33
2.76
35.86
100.49
11
16.59
34.85
6.80
2.87
43.04
104.13
12
17.54
34.85
2.27
2.81
43.04
100.50
13
18.54
9.21
0.00
2.23
43.04
73.01
14
19.60
9.21
0.00
2.29
43.04
74.13
15
20.72
9.21
0.00
2.35
43.04
75.32
16
21.90
9.21
0.00
2.41
43.04
76.57
17
23.16
9.21
0.00
2.48
43.04
77.89
18
24.48
9.21
0.00
2.56
43.04
79.29
19
25.88
9.21
0.00
2.63
43.04
80.76
20
27.36
9.21
0.00
2.71
43.04
82.33
21
28.93
9.21
0.00
2.80
43.04
83.98
22
30.58
9.21
0.00
2.89
43.04
85.72
23
32.33
9.21
0.00
2.99
43.04
87.57
24
34.18
9.21
0.00
3.09
43.04
89.52
25
36.14
9.21
0.00
3.20
43.04
91.59
2
0.38
1.33
1.81
0.12
1.36
5.01
3
0.40
1.33
1.64
0.12
1.36
4.86
4
0.43
1.33
1.47
0.12
1.36
4.70
5
0.45
1.33
1.29
0.12
1.36
4.55
6
0.48
1.33
1.12
0.11
1.36
4.40
7
0.51
1.33
0.95
0.11
1.36
4.26
8
0.53
1.33
0.78
0.11
1.36
4.11
9
0.56
1.33
0.60
0.11
1.36
3.97
10
0.60
1.33
0.43
0.10
1.36
3.82
11
0.63
1.33
0.26
0.11
1.64
3.96
12
0.67
1.33
0.09
0.11
1.64
3.82
13
0.71
0.35
0.00
0.08
1.64
2.78
14
0.75
0.35
0.00
0.09
1.64
2.82
15
0.79
0.35
0.00
0.09
1.64
2.87
16
0.83
0.35
0.00
0.09
1.64
2.91
17
0.88
0.35
0.00
0.09
1.64
2.96
18
0.93
0.35
0.00
0.10
1.64
3.02
19
0.98
0.35
0.00
0.10
1.64
3.07
20
1.04
0.35
0.00
0.10
1.64
3.13
21
1.10
0.35
0.00
0.11
1.64
3.20
22
1.16
0.35
0.00
0.11
1.64
3.26
23
1.23
0.35
0.00
0.11
1.64
3.33
24
1.30
0.35
0.00
0.12
1.64
3.41
25
1.38
0.35
0.00
0.12
1.64
3.48
0.901
0.812
0.732
0.660
0.595
0.536
0.483
0.436
0.393
0.354
0.319
0.287
0.259
0.234
0.210
0.190
0.171
0.154
0.139
0.125
0.113
Rs/Unit
0.102
0.092
0.083
Page66

Depreciation amount
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Energy generation
Per unit benefit
Discounting Factor
Levellised benefit
90%
5.28%
15%
20.00%
32.445%
597.718
Rs Lakh
Rs Lakh
MU
Rs/Unit
0.33
1
2.64%
15.78
2
5.28%
31.56
3
5.28%
31.56
4
5.28%
31.56
5
5.28%
31.56
6
5.28%
31.56
7
5.28%
31.56
8
5.28%
31.56
9
5.28%
31.56
100.00% 82.50% 61.88% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34%

17.50% 20.63% 9.28% 7.89% 6.71% 5.70% 4.84% 4.12% 3.50%
83%
62% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34% 19.84%
104.60 123.28 55.48 47.15 40.08 34.07 28.96 24.61 20.92
88.82
28.82
1.31
2.19
1.00
Rs/Unit
91.72
29.76
2.63
1.13
0.95
23.92
7.76
2.63
0.30
0.86
15.59
5.06
2.63
0.19
0.77
8.52
2.76
2.63
0.11
0.70
2.51
0.81
2.63
0.03
0.63
-2.60
-0.84
2.63
-0.03
0.56
-6.94
-2.25
2.63
-0.09
0.51
-10.64
-3.45
2.63
-0.13
0.46
10
5.28%
31.56
14
5.28%
31.56
15
5.28%
31.56
16
5.28%
31.56
17
5.28%
31.56
18
2.88%
17.21
19
0.00%
0.00
20
0.00%
0.00
19.84% 16.86% 14.33% 12.18% 10.35%

2.98% 2.53% 2.15% 1.83% 1.55%
16.86% 14.33% 12.18% 10.35% 8.80%
17.78 15.12 12.85 10.92
9.28
8.80%
1.32%
7.48%
7.89
7.48%
1.12%
6.36%
6.71
6.36%
0.95%
5.41%
5.70
5.41%
0.81%
4.59%
4.85
4.59%
0.69%
3.91%
4.12
3.91%
0.59%
3.32%
3.50
-23.67
-7.68
2.63
-0.29
0.25
-24.85
-8.06
2.63
-0.31
0.22
-25.86
-8.39
2.63
-0.32
0.20
-12.37
-4.01
2.63
-0.15
0.18
4.12
1.34
2.63
0.05
0.16
3.50
1.14
2.63
0.04
0.15
-13.78
-4.47
2.63
-0.17
0.41
11
5.28%
31.56
-16.44
-5.33
2.63
-0.20
0.37
12
5.28%
31.56
-18.71
-6.07
2.63
-0.23
0.34
13
5.28%
31.56
-20.64
-6.70
2.63
-0.25
0.30
-22.28
-7.23
2.63
-0.28
0.27
Page67
Annexure1E
S. No.
Assumption Head
Sub-Head
Sub-Head (2)
Unit
Wind Zone
5
Power Generation
Capacity
Useful Life
MW
%
Years
1
32%
25
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
418.403
179.315
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
418.40
0
12
13.00%
Rs Lacs
% p.a
Year
% p.a
179.32
20.00%
10
24.00%
22.40%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20%
Yes

%
%
2 Project Cost
Capital Cost/MW
597.718
3 Sources of Fund
13
Debt: Equity
Debt Component
Equity Component
Equity amount
RoE Period
Discount Rate
Fiscal Assumptions
Depreciation
5.83%
1.54%
12
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Months
Months
%
Rs Lacs/MW
%
1
15%
2
13.50%
9.51
5.72%
Page68

1
Units Generation
Installed Capacity
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Unit
MW
MU
Year--->
Unit
Year--->
1
Rs Lakh
9.51
Rs Lakh
34.85
Rs Lakh
52.13
Rs Lakh
3.35
Rs Lakh
35.86
Rs Lakh
135.70

Unit Levellised
O&M expn
Rs/kWh
0.54
Depreciation
Rs/kWh
1.03
Int. on term loan
Rs/kWh
0.90
Rs/kWh
0.11
RoE
Rs/kWh
1.36
Total COG
Rs/kWh
3.93
Levellised
Discount Factor
Levellised Tariff
1
1
2.80
3.93
1
0.34
1.24
1.86
0.12
1.28
4.84
1
0.901
0.812
0.732
0.660
0.595
0.536
0.483
0.436
0.393
0.354
0.319
0.287
0.259
0.234
0.210
0.190
0.171
0.154
0.139
0.125
0.113
0.102
0.092
0.083
2
1
2.80
3
1
2.80
4
1
2.80
5
1
2.80
6
1
2.80
7
1
2.80
8
1
2.80
9
1
2.80
10
1
2.80
11
1
2.80
12
1
2.80
13
1
2.80
14
1
2.80
15
1
2.80
16
1
2.80
17
1
2.80
18
1
2.80
19
1
2.80
20
1
2.80
21
1
2.80
22
1
2.80
23
1
2.80
24
1
2.80
25
1
2.80
2
10.05
34.85
47.59
3.28
35.86
131.64
3
10.63
34.85
43.06
3.21
35.86
127.61
4
11.24
34.85
38.53
3.14
35.86
123.61
5
11.88
34.85
34.00
3.07
35.86
119.65
6
12.56
34.85
29.46
3.00
35.86
115.73
7
13.28
34.85
24.93
2.93
35.86
111.85
8
14.04
34.85
20.40
2.87
35.86
108.02
9
14.84
34.85
15.86
2.81
35.86
104.23
10
15.69
34.85
11.33
2.76
35.86
100.49
11
16.59
34.85
6.80
2.87
43.04
104.13
12
17.54
34.85
2.27
2.81
43.04
100.50
13
18.54
9.21
0.00
2.23
43.04
73.01
14
19.60
9.21
0.00
2.29
43.04
74.13
15
20.72
9.21
0.00
2.35
43.04
75.32
16
21.90
9.21
0.00
2.41
43.04
76.57
17
23.16
9.21
0.00
2.48
43.04
77.89
18
24.48
9.21
0.00
2.56
43.04
79.29
19
25.88
9.21
0.00
2.63
43.04
80.76
20
27.36
9.21
0.00
2.71
43.04
82.33
21
28.93
9.21
0.00
2.80
43.04
83.98
22
30.58
9.21
0.00
2.89
43.04
85.72
23
32.33
9.21
0.00
2.99
43.04
87.57
24
34.18
9.21
0.00
3.09
43.04
89.52
25
36.14
9.21
0.00
3.20
43.04
91.59
2
0.36
1.24
1.70
0.12
1.28
4.70
3
0.38
1.24
1.54
0.11
1.28
4.55
4
0.40
1.24
1.37
0.11
1.28
4.41
5
0.42
1.24
1.21
0.11
1.28
4.27
6
0.45
1.24
1.05
0.11
1.28
4.13
7
0.47
1.24
0.89
0.10
1.28
3.99
8
0.50
1.24
0.73
0.10
1.28
3.85
9
0.53
1.24
0.57
0.10
1.28
3.72
10
0.56
1.24
0.40
0.10
1.28
3.58
11
0.59
1.24
0.24
0.10
1.54
3.71
12
0.63
1.24
0.08
0.10
1.54
3.59
13
0.66
0.33
0.00
0.08
1.54
2.60
14
0.70
0.33
0.00
0.08
1.54
2.64
15
0.74
0.33
0.00
0.08
1.54
2.69
16
0.78
0.33
0.00
0.09
1.54
2.73
17
0.83
0.33
0.00
0.09
1.54
2.78
18
0.87
0.33
0.00
0.09
1.54
2.83
19
0.92
0.33
0.00
0.09
1.54
2.88
20
0.98
0.33
0.00
0.10
1.54
2.94
21
1.03
0.33
0.00
0.10
1.54
3.00
22
1.09
0.33
0.00
0.10
1.54
3.06
23
1.15
0.33
0.00
0.11
1.54
3.12
24
1.22
0.33
0.00
0.11
1.54
3.19
25
1.29
0.33
0.00
0.11
1.54
3.27
0.901
0.812
0.732
0.660
0.595
0.536
0.483
0.436
0.393
0.354
0.319
0.287
0.259
0.234
0.210
0.190
0.171
0.154
0.139
0.125
0.113
0.102
0.092
0.083
Rs/Unit
Page69

Depreciation amount
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
15.78
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100.00%
17.50%
83%
104.60
Rs Lakh
Rs Lakh
MU
Rs/Unit
88.82
28.82
1.40
2.06
1.00
Rs/Unit

Tax Benefit
Energy generation
Per unit benefit
Discounting Factor
Levellised benefit
90%
5.28%
15%
20.00%
32.445%
597.718
0.31
2
5.28%
31.56
3
5.28%
31.56
4
5.28%
31.56
5
5.28%
31.56
6
5.28%
31.56
7
5.28%
31.56
8
5.28%
31.56
9
5.28%
31.56
82.50% 61.88% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34%

20.63% 9.28% 7.89% 6.71% 5.70% 4.84% 4.12% 3.50%
62% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34% 19.84%
123.28
55.48
47.15
40.08
34.07
28.96
24.61
20.92
91.72
29.76
2.80
1.06
0.95
23.92
7.76
2.80
0.28
0.86
15.59
5.06
2.80
0.18
0.77
8.52
2.76
2.80
0.10
0.70
2.51
0.81
2.80
0.03
0.63
-2.60
-0.84
2.80
-0.03
0.56
-6.94
-2.25
2.80
-0.08
0.51
-10.64
-3.45
2.80
-0.12
0.46
10
5.28%
31.56
14
5.28%
31.56
15
5.28%
31.56
16
5.28%
31.56
17
5.28%
31.56
18
2.88%
17.21
19
0.00%
0.00
20
0.00%
0.00
19.84% 16.86% 14.33% 12.18% 10.35%

2.98% 2.53% 2.15% 1.83% 1.55%
16.86% 14.33% 12.18% 10.35% 8.80%
17.78
15.12
12.85
10.92
9.28
8.80%
1.32%
7.48%
7.89
7.48%
1.12%
6.36%
6.71
6.36%
0.95%
5.41%
5.70
5.41%
0.81%
4.59%
4.85
4.59%
0.69%
3.91%
4.12
3.91%
0.59%
3.32%
3.50
-23.67
-7.68
2.80
-0.27
0.25
-24.85
-8.06
2.80
-0.29
0.22
-25.86
-8.39
2.80
-0.30
0.20
-12.37
-4.01
2.80
-0.14
0.18
4.12
1.34
2.80
0.05
0.16
3.50
1.14
2.80
0.04
0.15
-13.78
-4.47
2.80
-0.16
0.41
11
5.28%
31.56
-16.44
-5.33
2.80
-0.19
0.37
12
5.28%
31.56
-18.71
-6.07
2.80
-0.22
0.34
13
5.28%
31.56
-20.64
-6.70
2.80
-0.24
0.30
-22.28
-7.23
2.80
-0.26
0.27
Page70
Annexure2A
Small Hydro: Assumptions Parameters
S. No.
Assumption Head
Sub-Head
Sub-Head (2)
Unit
HP,
Uttarakhand
, NE States
Less than 5
MW
2
3
Power Generation
Project Cost
Sources of Fund
Capacity
Capital Cost/MW

Auxiliary Consumption
Useful Life
Power Plant Cost
Tariff Period
MW
%
%
Years
Rs Lacs/MW
Years
1
45%
1%
35
800.422
35
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
560.295
240.127
Loan Amount
Moratorium Period
Intrest Rate
Rs Lacs
years
years
%
560.30
0
12
13.00%
Equity amount
Normative ROE (Post-tax)
Return on Equity for first 10 years
RoE Period
Discount Rate
Rs Lacs
% p.a
Year
% p.a
240.13
16%
20%
10
24.00%
22.86%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No

%
%
Debt: Equity
Debt Component
Equity Component
Financial Assumptions
32.445%
20.00%
Yes
Depreciation
Working Capital
For Fixed Charges

O&M Charges
Maintenance Spare
Months
Months
Intrest On Working Capital
Power plant
Rs Lacs
%
5.83%
0.87%
12
1
15%
2
13.50%
Operation & Maintenance
26.43
5.72%
Page71
Determination of Tariff Component:

Units Generation
Unit Year---> 1
Installed Capacity
MW
1
Net Generation
MU
3.90
2
1
3.90
3
1
3.90
4
1
3.90
5
1
3.90
Fixed Cost
Unit Year---> 1
2
3
4
5
26.43 27.94 29.54 31.23 33.02
O&M Expenses
Rs Lakh
46.66 46.66 46.66 46.66 46.66
Depreciation
Rs Lakh
69.80 63.73 57.66 51.59 45.52
Interest on term loan Rs Lakh
5.25 5.19 5.14 5.09 5.05
Interest on working Ca Rs Lakh
48.03 48.03 48.03 48.03 48.03
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
196.17 191.56 187.03 182.61 178.28
Per Unit Cost of Gen Unit Levellise 1
O&M expn
Rs/kWh 1.19 0.68
Depreciation
Rs/kWh 0.92 1.20
Int. on term loan
Rs/kWh 0.82 1.79
Int. on working capital Rs/kWh 0.14 0.13
RoE
Rs/kWh 1.31 1.23
Total COG
Rs/kWh 4.38 5.03
Levellised
Discount Factor
1
Levellised Tariff
4.38 Rs/Unit
2
0.72
1.20
1.63
0.13
1.23
4.91
3
0.76
1.20
1.48
0.13
1.23
4.79
4
0.80
1.20
1.32
0.13
1.23
4.68
5
0.85
1.20
1.17
0.13
1.23
4.57
6
1
3.90
7
1
3.90
8
1
3.90
9
1
3.90
10
1
3.90
11
1
3.90
12
1
3.90
13
1
3.90
14
1
3.90
15
1
3.90
16
1
3.90
17
1
3.90
18
1
3.90
19
1
3.90
20
1
3.90
21
1
3.90
22
1
3.90
23
1
3.90
24
1
3.90
25
1
3.90
26
1
3.90
27
1
3.90
28
1
3.90
29
1
3.90
30
1
3.90
31
1
3.90
32
1
3.90
33
1
3.90
34
1
3.90
35
1
3.90
6
34.90
46.66
39.45
5.02
48.03
174.06
7
36.90
46.66
33.38
4.99
48.03
169.96
8
39.01
46.66
27.31
4.96
48.03
165.98
9
41.24
46.66
21.24
4.95
48.03
162.12
10
43.60
46.66
15.17
4.94
48.03
158.40
11
46.10
46.66
9.10
5.16
57.63
164.65
12
48.73
46.66
3.03
5.16
57.63
161.23
13
51.52
6.97
0.00
4.33
57.63
120.46
14
54.47
6.97
0.00
4.50
57.63
123.57
15
57.58
6.97
0.00
4.67
57.63
126.86
16
60.88
6.97
0.00
4.85
57.63
130.33
17
64.36
6.97
0.00
5.04
57.63
134.01
18
68.04
6.97
0.00
5.25
57.63
137.89
19
71.93
6.97
0.00
5.46
57.63
142.00
20
76.05
6.97
0.00
5.69
57.63
146.34
21
80.40
6.97
0.00
5.93
57.63
150.93
22
85.00
6.97
0.00
6.18
57.63
155.78
23
89.86
6.97
0.00
6.45
57.63
160.91
24
95.00
6.97
0.00
6.73
57.63
166.34
25
100.43
6.97
0.00
7.04
57.63
172.07
26
106.18
6.97
0.00
7.35
57.63
178.13
27
112.25
6.97
0.00
7.69
57.63
184.54
28
118.67
6.97
0.00
8.04
57.63
191.32
29
125.46
6.97
0.00
8.42
57.63
198.48
30
132.63
6.97
0.00
8.81
57.63
206.05
31
140.22
6.97
0.00
9.23
57.63
214.06
32
148.24
6.97
0.00
9.68
57.63
222.52
33
156.72
6.97
0.00
10.14
57.63
231.47
34
165.69
6.97
0.00
10.64
57.63
240.93
35
175.16
6.97
0.00
11.16
57.63
250.93
6
0.89
1.20
1.01
0.13
1.23
4.46
7
0.95
1.20
0.86
0.13
1.23
4.36
8
1.00
1.20
0.70
0.13
1.23
4.25
9
1.06
1.20
0.54
0.13
1.23
4.15
10
1.12
1.20
0.39
0.13
1.23
4.06
11
1.18
1.20
0.23
0.13
1.48
4.22
12
1.25
1.20
0.08
0.13
1.48
4.13
13
1.32
0.18
0.00
0.11
1.48
3.09
14
1.40
0.18
0.00
0.12
1.48
3.17
15
1.48
0.18
0.00
0.12
1.48
3.25
16
1.56
0.18
0.00
0.12
1.48
3.34
17
1.65
0.18
0.00
0.13
1.48
3.43
18
1.74
0.18
0.00
0.13
1.48
3.53
19
1.84
0.18
0.00
0.14
1.48
3.64
20
1.95
0.18
0.00
0.15
1.48
3.75
21
2.06
0.18
0.00
0.15
1.48
3.87
22
2.18
0.18
0.00
0.16
1.48
3.99
23
2.30
0.18
0.00
0.17
1.48
4.12
24
2.43
0.18
0.00
0.17
1.48
4.26
25
2.57
0.18
0.00
0.18
1.48
4.41
26
2.72
0.18
0.00
0.19
1.48
4.56
27
2.88
0.18
0.00
0.20
1.48
4.73
28
3.04
0.18
0.00
0.21
1.48
4.90
29
3.21
0.18
0.00
0.22
1.48
5.09
30
3.40
0.18
0.00
0.23
1.48
5.28
31
3.59
0.18
0.00
0.24
1.48
5.49
32
3.80
0.18
0.00
0.25
1.48
5.70
33
4.02
0.18
0.00
0.26
1.48
5.93
34
4.25
0.18
0.00
0.27
1.48
6.17
35
4.49
0.18
0.00
0.29
1.48
6.43
0.901 0.812 0.732 0.660 0.595 0.536 0.483 0.436 0.393 0.354 0.319 0.287 0.259 0.234 0.210 0.190 0.171 0.154 0.139 0.125 0.113 0.102 0.092 0.083 0.074 0.067 0.061 0.055 0.049 0.044 0.040 0.036 0.032 0.029
Page72
Determination of Accelerated Depreciation

Depreciation amount
90%
5.28%
80%
Additional depriciation
20.00%
Income Tax (Normal Rates) 32.445%
Capital Cost
800.4
Years
-----------------> Unit
Book Depreciation
%
Book Depreciation
Rs Lakh
Opening
Closing
Accelrated Deprn.
Tax Benefit
Energy generation
Per unit benefit
Discounting Factor
1
2
3
4
5
6
7
8
9
2.64% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28%
21.13 42.26 42.26 42.26 42.26 42.26 42.26 42.26 42.26
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 2.88% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
42.26 42.26 42.26 42.26 42.26 42.26 42.26 42.26 23.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
%
100.00% 50.00% 5.00% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00%
%
50% 45.00% 4.00% 0.80% 0.16% 0.03% 0.01% 0.00% 0.00%
%
50%
5% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00%
Rs Lakh
400.21 360.19 32.02 6.40 1.28 0.26 0.05 0.01 0.00
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Rs Lakh
Rs Lakh
MU
Rs/Unit
-42.26 -42.26 -42.26 -42.26 -42.26 -42.26 -42.26 -42.26 -23.05

-13.71 -13.71 -13.71 -13.71 -13.71 -13.71 -13.71 -13.71 -7.48
3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90
-0.35 -0.35 -0.35 -0.35 -0.35 -0.35 -0.35 -0.35 -0.19
0.41 0.37 0.34 0.30 0.27 0.25 0.22 0.20 0.18
379.08 317.93 -10.25 -35.86 -40.98 -42.01 -42.21 -42.25 -42.26

122.99 103.15 -3.32 -11.63 -13.30 -13.63 -13.70 -13.71 -13.71
1.95 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90
6.30 2.64 -0.09 -0.30 -0.34 -0.35 -0.35 -0.35 -0.35
1.00 0.95 0.86 0.77 0.70 0.63 0.56 0.51 0.46
0.00
0.00
3.90
0.00
0.16
0.00
0.00
3.90
0.00
0.15
0.00
0.00
3.90
0.00
0.13
0.00
0.00
3.90
0.00
0.12
0.00
0.00
3.90
0.00
0.11
0.00
0.00
3.90
0.00
0.10
0.00
0.00
3.90
0.00
0.09
0.00
0.00
3.90
0.00
0.08
0.00
0.00
3.90
0.00
0.07
0.00
0.00
3.90
0.00
0.06
0.00
0.00
3.90
0.00
0.06
0.00
0.00
3.90
0.00
0.05
0.00
0.00
3.90
0.00
0.05
0.00
0.00
3.90
0.00
0.04
0.00
0.00
3.90
0.00
0.04
Tax Benefit Levellised

13.20
Electricity Generation (Leve
3.71
Levellised benefit
0.36 Rs/Unit
0.00
0.00
3.90
0.00
0.03
0.00
0.00
3.90
0.00
0.03
Page73
Annexure2B
S. No.
Assumption Head
Sub-Head
Sub-Head (2)
Unit
HP,
Uttarakhand
, NE States
5 MW to 25
MW
2
3
Power Generation
Project Cost
Sources of Fund
Capacity
Capital Cost/MW

Useful Life
Power Plant Cost
Tariff Period
MW
%
%
Years
Rs Lacs/MW
Years
1
45%
1%
35
727.657
13
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
509.360
218.297
Loan Amount
Moratorium Period
Intrest Rate
Rs Lacs
years
years
%
509.36
0
12
13.00%
Equity amount
RoE Period
Discount Rate
Rs Lacs
% p.a
Year
% p.a
218.30
16%
20%
10
24.00%
22.86%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No

%
%
Debt: Equity
Debt Component
Equity Component
32.445%
20.00%
Yes
Depreciation
Working Capital
For Fixed Charges

O&M Charges
Maintenance Spare
Months
Months
Power plant
Rs Lacs
%
5.83%
0.87%
12
1
15%
2
13.50%

19.03
5.72%
Page74

Units Generation
Unit Year---> 1
Installed Capacity
MW
1
Net Generation
MU
3.90
2
1
3.90
3
1
3.90
4
1
3.90
5
1
3.90
6
1
3.90
Fixed Cost
Unit Year---> 1
2
3
4
5
6
19.03 20.12 21.27 22.49 23.77 25.13
O&M Expenses
Rs Lakh
42.42 42.42 42.42 42.42 42.42 42.42
Depreciation
Rs Lakh
63.46 57.94 52.42 46.90 41.39 35.87
4.49 4.43 4.36 4.30 4.25 4.20
43.66 43.66 43.66 43.66 43.66 43.66
Return on Equity
Rs Lakh
Total Fixed Cost Rs Lakh
173.06 168.57 164.14 159.77 155.49 151.28
O&M expn
Rs/kWh 0.86 0.49
Depreciation
Rs/kWh 0.84 1.09
Int. on term loan
Rs/kWh 0.75 1.63
RoE
Rs/kWh 1.19 1.12
Total COG
Rs/kWh 3.75 4.43
Levellised
Discount Factor
1
Levellised Tariff
3.75 Rs/Unit
2
0.52
1.09
1.48
0.11
1.12
4.32
3
0.55
1.09
1.34
0.11
1.12
4.21
4
0.58
1.09
1.20
0.11
1.12
4.09
5
0.61
1.09
1.06
0.11
1.12
3.98
6
0.64
1.09
0.92
0.11
1.12
3.88
7
1
3.90
8
1
3.90
9
1
3.90
10
1
3.90
11
1
3.90
12
1
3.90
13
1
3.90
14
1
3.90
15
1
3.90
16
1
3.90
17
1
3.90
18
1
3.90
19
1
3.90
20
1
3.90
21
1
3.90
22
1
3.90
23
1
3.90
24
1
3.90
25
1
3.90
26
1
3.90
27
1
3.90
28
1
3.90
29
1
3.90
30
1
3.90
31
1
3.90
32
1
3.90
33
1
3.90
34
1
3.90
35
1
3.90
7
26.57
42.42
30.35
4.15
43.66
147.15
8
28.09
42.42
24.83
4.10
43.66
143.11
9
29.70
42.42
19.31
4.07
43.66
139.16
10
31.39
42.42
13.80
4.03
43.66
135.30
11
33.19
42.42
8.28
4.21
52.39
140.49
12
35.09
42.42
2.76
4.18
52.39
136.85
13
37.10
6.34
0.00
3.40
52.39
99.23
14
39.22
6.34
0.00
3.52
52.39
101.47
15
41.46
6.34
0.00
3.64
52.39
103.83
16
43.83
6.34
0.00
3.77
52.39
106.34
17
46.34
6.34
0.00
3.91
52.39
108.98
18
48.99
6.34
0.00
4.06
52.39
111.78
19
51.79
6.34
0.00
4.21
52.39
114.74
20
54.76
6.34
0.00
4.38
52.39
117.86
21
57.89
6.34
0.00
4.55
52.39
121.17
22
61.20
6.34
0.00
4.73
52.39
124.66
23
64.70
6.34
0.00
4.93
52.39
128.36
24
68.40
6.34
0.00
5.13
52.39
132.26
25
72.31
6.34
0.00
5.35
52.39
136.39
26
76.45
6.34
0.00
5.58
52.39
140.75
27
80.82
6.34
0.00
5.82
52.39
145.37
28
85.44
6.34
0.00
6.07
52.39
150.25
29
90.33
6.34
0.00
6.34
52.39
155.40
30
95.50
6.34
0.00
6.63
52.39
160.86
31
100.96
6.34
0.00
6.93
52.39
166.62
32
106.74
6.34
0.00
7.25
52.39
172.72
33
112.84
6.34
0.00
7.59
52.39
179.16
34
119.30
6.34
0.00
7.94
52.39
185.97
35
126.12
6.34
0.00
8.32
52.39
193.17
7
0.68
1.09
0.78
0.11
1.12
3.77
8
0.72
1.09
0.64
0.11
1.12
3.67
9
0.76
1.09
0.49
0.10
1.12
3.57
10
0.80
1.09
0.35
0.10
1.12
3.47
11
0.85
1.09
0.21
0.11
1.34
3.60
12
0.90
1.09
0.07
0.11
1.34
3.51
13
0.95
0.16
0.00
0.09
1.34
2.54
14
1.00
0.16
0.00
0.09
1.34
2.60
15
1.06
0.16
0.00
0.09
1.34
2.66
16
1.12
0.16
0.00
0.10
1.34
2.72
17
1.19
0.16
0.00
0.10
1.34
2.79
18
1.26
0.16
0.00
0.10
1.34
2.86
19
1.33
0.16
0.00
0.11
1.34
2.94
20
1.40
0.16
0.00
0.11
1.34
3.02
21
1.48
0.16
0.00
0.12
1.34
3.10
22
1.57
0.16
0.00
0.12
1.34
3.19
23
1.66
0.16
0.00
0.13
1.34
3.29
24
1.75
0.16
0.00
0.13
1.34
3.39
25
1.85
0.16
0.00
0.14
1.34
3.49
26
1.96
0.16
0.00
0.14
1.34
3.61
27
2.07
0.16
0.00
0.15
1.34
3.72
28
2.19
0.16
0.00
0.16
1.34
3.85
29
2.31
0.16
0.00
0.16
1.34
3.98
30
2.45
0.16
0.00
0.17
1.34
4.12
31
2.59
0.16
0.00
0.18
1.34
4.27
32
2.74
0.16
0.00
0.19
1.34
4.43
33
2.89
0.16
0.00
0.19
1.34
4.59
34
3.06
0.16
0.00
0.20
1.34
4.77
35
3.23
0.16
0.00
0.21
1.34
4.95
0.901 0.812 0.732 0.660 0.595 0.536 0.483 0.436 0.393 0.354 0.319 0.287 0.259 0.234 0.210 0.190 0.171 0.154 0.139 0.125 0.113 0.102 0.092 0.083 0.074 0.067 0.061 0.055 0.049 0.044 0.040 0.036 0.032 0.029
Page75

Depreciation amount
90%
5.28%
80%
20.00%
Capital Cost
727.7
1
2
3
4
5
6
7
8
9
2.64% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28%
19.21 38.42 38.42 38.42 38.42 38.42 38.42 38.42 38.42
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 2.88% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
38.42 38.42 38.42 38.42 38.42 38.42 38.42 38.42 20.96 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
%
100.00% 50.00% 5.00% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00%
%
50% 45.00% 4.00% 0.80% 0.16% 0.03% 0.01% 0.00% 0.00%
%
50%
5% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00%
Rs Lakh 363.83 327.45 29.11 5.82 1.16 0.23 0.05 0.01 0.00
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Rs Lakh
Rs Lakh
MU
Rs/Unit
-38.42 -38.42 -38.42 -38.42 -38.42 -38.42 -38.42 -38.42 -20.96

-12.47 -12.47 -12.47 -12.47 -12.47 -12.47 -12.47 -12.47 -6.80
3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90
-0.32 -0.32 -0.32 -0.32 -0.32 -0.32 -0.32 -0.32 -0.17
0.41 0.37 0.34 0.30 0.27 0.25 0.22 0.20 0.18
Years
-----------------> Unit
Book Depreciation
%
Book Depreciation
Rs Lakh
Opening
Closing
Accelrated Deprn.
Tax Benefit
Energy generation
Per unit benefit
Discounting Factor
344.62 289.03
111.81 93.77
1.95 3.90
5.73 2.40
1.00 0.95
-9.31 -32.60 -37.26 -38.19 -38.37 -38.41 -38.42

-3.02 -10.58 -12.09 -12.39 -12.45 -12.46 -12.46
3.90 3.90 3.90 3.90 3.90 3.90 3.90
-0.08 -0.27 -0.31 -0.32 -0.32 -0.32 -0.32
0.86 0.77 0.70 0.63 0.56 0.51 0.46
0.00
0.00
3.90
0.00
0.16
0.00
0.00
3.90
0.00
0.15
0.00
0.00
3.90
0.00
0.13
0.00
0.00
3.90
0.00
0.12
0.00
0.00
3.90
0.00
0.11
0.00
0.00
3.90
0.00
0.10
0.00
0.00
3.90
0.00
0.09
0.00
0.00
3.90
0.00
0.08
0.00
0.00
3.90
0.00
0.07
0.00
0.00
3.90
0.00
0.06
0.00
0.00
3.90
0.00
0.06
0.00
0.00
3.90
0.00
0.05
0.00
0.00
3.90
0.00
0.05
0.00
0.00
3.90
0.00
0.04
0.00
0.00
3.90
0.00
0.04
0.00
0.00
3.90
0.00
0.03

12.00
3.71
Levellised benefit
0.32 Rs/Unit
0.00
0.00
3.90
0.00
0.03
Page76
Annexure2C
S. No.
Assumption Head
Sub-Head
Sub-Head (2)
Unit
Other States
Less than 5
MW
1
2
3
Power Generation
Project Cost
Sources of Fund
Capacity
Capital Cost/MW

Useful Life
Power Plant Cost
Tariff Period
MW
%
%
Years
Rs Lacs/MW
Years
1
30%
1%
35
623.706
35
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
436.594
187.112
Loan Amount
Moratorium Period
Intrest Rate
Rs Lacs
years
years
%
436.59
0
12
13.00%
Equity amount
RoE Period
Discount Rate
Rs Lacs
% p.a
Year
% p.a
187.11
16%
20%
10
24.00%
22.86%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No

%
%
Debt: Equity
Debt Component
Equity Component
32.445%
20.00%
Yes
Depreciation
Working Capital
For Fixed Charges

O&M Charges
Maintenance Spare
Months
Months
Power plant
Rs Lacs
%
5.83%
0.87%
12
1
15%
2
13.50%

21.14
5.72%
Page77

Units Generation
Unit Year---> 1
Installed Capacity
MW
1
Net Generation
MU
2.60
2
1
2.60
3
1
2.60
4
1
2.60
5
1
2.60
6
1
2.60
Fixed Cost
Unit Year---> 1
2
3
4
5
6
21.14 22.35 23.63 24.98 26.41 27.92
O&M Expenses
Rs Lakh
36.36 36.36 36.36 36.36 36.36 36.36
Depreciation
Rs Lakh
54.39 49.66 44.93 40.20 35.47 30.74
4.12 4.08 4.04 4.00 3.97 3.95
37.42 37.42 37.42 37.42 37.42 37.42
Return on Equity
Rs Lakh
153.43 149.87 146.38 142.97 139.64 136.39
O&M expn
Rs/kWh 1.42 0.81
Depreciation
Rs/kWh 1.08 1.40
Int. on term loan
Rs/kWh 0.96 2.09
RoE
Rs/kWh 1.54 1.44
Total COG
Rs/kWh 5.16 5.90
Levellised
Discount Factor
1
Levellised Tariff
5.16 Rs/Unit
2
0.86
1.40
1.91
0.16
1.44
5.76
3
0.91
1.40
1.73
0.16
1.44
5.63
4
0.96
1.40
1.55
0.15
1.44
5.50
5
1.02
1.40
1.36
0.15
1.44
5.37
6
1.07
1.40
1.18
0.15
1.44
5.24
7
1
2.60
8
1
2.60
9
1
2.60
10
1
2.60
11
1
2.60
12
1
2.60
13
1
2.60
14
1
2.60
15
1
2.60
16
1
2.60
17
1
2.60
18
1
2.60
19
1
2.60
20
1
2.60
21
1
2.60
22
1
2.60
23
1
2.60
24
1
2.60
25
1
2.60
26
1
2.60
27
1
2.60
28
1
2.60
29
1
2.60
30
1
2.60
31
1
2.60
32
1
2.60
33
1
2.60
34
1
2.60
35
1
2.60
7
29.52
36.36
26.01
3.93
37.42
133.24
8
31.20
36.36
21.28
3.91
37.42
130.18
9
32.99
36.36
16.55
3.90
37.42
127.23
10
34.88
36.36
11.82
3.90
37.42
124.38
11
36.87
36.36
7.09
4.07
44.91
129.30
12
38.98
36.36
2.36
4.08
44.91
126.69
13
41.21
5.43
0.00
3.44
44.91
94.99
14
43.57
5.43
0.00
3.57
44.91
97.47
15
46.06
5.43
0.00
3.70
44.91
100.10
16
48.69
5.43
0.00
3.85
44.91
102.88
17
51.48
5.43
0.00
4.00
44.91
105.82
18
54.42
5.43
0.00
4.17
44.91
108.93
19
57.54
5.43
0.00
4.34
44.91
112.21
20
60.83
5.43
0.00
4.52
44.91
115.69
21
64.31
5.43
0.00
4.71
44.91
119.36
22
67.98
5.43
0.00
4.91
44.91
123.24
23
71.87
5.43
0.00
5.13
44.91
127.34
24
75.98
5.43
0.00
5.36
44.91
131.68
25
80.33
5.43
0.00
5.60
44.91
136.27
26
84.92
5.43
0.00
5.85
44.91
141.12
27
89.78
5.43
0.00
6.12
44.91
146.24
28
94.92
5.43
0.00
6.40
44.91
151.66
29
100.35
5.43
0.00
6.70
44.91
157.39
30
106.09
5.43
0.00
7.02
44.91
163.45
31
112.16
5.43
0.00
7.35
44.91
169.85
32
118.57
5.43
0.00
7.71
44.91
176.62
33
125.35
5.43
0.00
8.08
44.91
183.78
34
132.52
5.43
0.00
8.48
44.91
191.34
35
140.10
5.43
0.00
8.90
44.91
199.34
7
1.13
1.40
1.00
0.15
1.44
5.12
8
1.20
1.40
0.82
0.15
1.44
5.00
9
1.27
1.40
0.64
0.15
1.44
4.89
10
1.34
1.40
0.45
0.15
1.44
4.78
11
1.42
1.40
0.27
0.16
1.73
4.97
12
1.50
1.40
0.09
0.16
1.73
4.87
13
1.58
0.21
0.00
0.13
1.73
3.65
14
1.67
0.21
0.00
0.14
1.73
3.75
15
1.77
0.21
0.00
0.14
1.73
3.85
16
1.87
0.21
0.00
0.15
1.73
3.95
17
1.98
0.21
0.00
0.15
1.73
4.07
18
2.09
0.21
0.00
0.16
1.73
4.19
19
2.21
0.21
0.00
0.17
1.73
4.31
20
2.34
0.21
0.00
0.17
1.73
4.45
21
2.47
0.21
0.00
0.18
1.73
4.59
22
2.61
0.21
0.00
0.19
1.73
4.74
23
2.76
0.21
0.00
0.20
1.73
4.89
24
2.92
0.21
0.00
0.21
1.73
5.06
25
3.09
0.21
0.00
0.22
1.73
5.24
26
3.26
0.21
0.00
0.22
1.73
5.42
27
3.45
0.21
0.00
0.24
1.73
5.62
28
3.65
0.21
0.00
0.25
1.73
5.83
29
3.86
0.21
0.00
0.26
1.73
6.05
30
4.08
0.21
0.00
0.27
1.73
6.28
31
4.31
0.21
0.00
0.28
1.73
6.53
32
4.56
0.21
0.00
0.30
1.73
6.79
33
4.82
0.21
0.00
0.31
1.73
7.06
34
5.09
0.21
0.00
0.33
1.73
7.35
35
5.39
0.21
0.00
0.34
1.73
7.66
0.901 0.812 0.732 0.660 0.595 0.536 0.483 0.436 0.393 0.354 0.319 0.287 0.259 0.234 0.210 0.190 0.171 0.154 0.139 0.125 0.113 0.102 0.092 0.083 0.074 0.067 0.061 0.055 0.049 0.044 0.040 0.036 0.032 0.029
Page78

Depreciation amount
90%
5.28%
80%
20.00%
Capital Cost
623.7
1
2
3
4
5
6
7
8
9
2.64% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28%
16.47 32.93 32.93 32.93 32.93 32.93 32.93 32.93 32.93
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 2.88% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
32.93 32.93 32.93 32.93 32.93 32.93 32.93 32.93 17.96 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Opening
%
100.00% 50.00% 5.00% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00%
Allowed during the year %
50% 45.00% 4.00% 0.80% 0.16% 0.03% 0.01% 0.00% 0.00%
Closing
%
50%
5% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00%
Accelrated Deprn.
Rs Lakh 311.85 280.67 24.95 4.99 1.00 0.20 0.04 0.01 0.00
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Tax Benefit
Energy generation
Per unit benefit
Discounting Factor
-32.93 -32.93 -32.93 -32.93 -32.93 -32.93 -32.93 -32.93 -17.96

-10.68 -10.68 -10.68 -10.68 -10.68 -10.68 -10.68 -10.68 -5.83
2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60
-0.41 -0.41 -0.41 -0.41 -0.41 -0.41 -0.41 -0.41 -0.22
0.41 0.37 0.34 0.30 0.27 0.25 0.22 0.20 0.18
Years
-----------------> Unit
Book Depreciation
%
Book Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
MU
Rs/Unit
295.39 247.74
95.84 80.38
1.30 2.60
7.37 3.09
1.00 0.95
-7.98 -27.94 -31.93 -32.73 -32.89 -32.92 -32.93

-2.59 -9.07 -10.36 -10.62 -10.67 -10.68 -10.68
2.60 2.60 2.60 2.60 2.60 2.60 2.60
-0.10 -0.35 -0.40 -0.41 -0.41 -0.41 -0.41
0.86 0.77 0.70 0.63 0.56 0.51 0.46
0.00
0.00
2.60
0.00
0.16
0.00
0.00
2.60
0.00
0.15
0.00
0.00
2.60
0.00
0.13
0.00
0.00
2.60
0.00
0.12
0.00
0.00
2.60
0.00
0.11
0.00
0.00
2.60
0.00
0.10
0.00
0.00
2.60
0.00
0.09
0.00
0.00
2.60
0.00
0.08
0.00
0.00
2.60
0.00
0.07
0.00
0.00
2.60
0.00
0.06
0.00
0.00
2.60
0.00
0.06
0.00
0.00
2.60
0.00
0.05
0.00
0.00
2.60
0.00
0.05
0.00
0.00
2.60
0.00
0.04
0.00
0.00
2.60
0.00
0.04

10.29
2.48
Levellised benefit
0.42 Rs/Unit
Page79
0.00
0.00
2.60
0.00
0.03
0.00
0.00
2.60
0.00
0.03
Annexure2D
S. No.
Assumption Head
Sub-Head
Sub-Head (2)
Unit
Other States
5 MW to 25
MW
1
2
3
Power Generation
Project Cost
Sources of Fund
Capacity
Capital Cost/MW

Useful Life
Power Plant Cost
Tariff Period
MW
%
%
Years
Rs Lacs/MW
Years
1
30%
1%
35
571.730
13
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
400.211
171.519
Loan Amount
Moratorium Period
Intrest Rate
Rs Lacs
years
years
%
400.21
0
12
13.00%
Equity amount
RoE Period
Discount Rate
Rs Lacs
% p.a
Year
% p.a
171.52
16%
20%
10
24.00%
22.86%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No

%
%
Debt: Equity
Debt Component
Equity Component
32.445%
20.00%
Yes
Depreciation
Working Capital
For Fixed Charges

O&M Charges
Maintenance Spare
Months
Months
Power plant
Rs Lacs
%
5.83%
0.87%
12
1
15%
2
13.50%

14.80
5.72%
Page80

Units Generation
Unit Year---> 1
Installed Capacity
MW
1
Net Generation
MU
2.60
2
1
2.60
3
1
2.60
4
1
2.60
5
1
2.60
Fixed Cost
Unit Year---> 1
2
3
4
5
14.80 15.65 16.54 17.49 18.49
O&M Expenses
Rs Lakh
33.33 33.33 33.33 33.33 33.33
Depreciation
Rs Lakh
49.86 45.52 41.19 36.85 32.52
3.52 3.47 3.42 3.37 3.33
34.30 34.30 34.30 34.30 34.30
Return on Equity
Rs Lakh
135.82 132.28 128.78 125.35 121.97
O&M expn
Rs/kWh 1.00 0.57
Depreciation
Rs/kWh 0.99 1.28
Int. on term loan
Rs/kWh 0.88 1.92
RoE
Rs/kWh 1.41 1.32
Total COG
Rs/kWh 4.40 5.22
Levellised
Discount Factor
1
Levellised Tariff
4.40 Rs/Unit
2
0.60
1.28
1.75
0.13
1.32
5.08
3
0.64
1.28
1.58
0.13
1.32
4.95
4
0.67
1.28
1.42
0.13
1.32
4.82
5
0.71
1.28
1.25
0.13
1.32
4.69
6
1
2.60
7
1
2.60
8
1
2.60
9
1
2.60
10
1
2.60
11
1
2.60
12
1
2.60
6
19.55
33.33
28.18
3.29
34.30
118.65
7
20.66
33.33
23.85
3.25
34.30
115.39
8
21.85
33.33
19.51
3.21
34.30
112.20
9
23.10
33.33
15.17
3.18
34.30
109.09
10
24.42
33.33
10.84
3.16
34.30
106.05
11
25.81
33.33
6.50
3.29
41.16
110.10
12
27.29
33.33
2.17
3.27
41.16
107.23
6
0.75
1.28
1.08
0.13
1.32
4.56
7
0.79
1.28
0.92
0.12
1.32
4.44
8
0.84
1.28
0.75
0.12
1.32
4.31
9
0.89
1.28
0.58
0.12
1.32
4.19
10
0.94
1.28
0.42
0.12
1.32
4.08
11
0.99
1.28
0.25
0.13
1.58
4.23
12
1.05
1.28
0.08
0.13
1.58
4.12
13
1
2.60
14
1
2.60
15
1
2.60
16
1
2.60
17
1
2.60
18
1
2.60
19
1
2.60
20
1
2.60
21
1
2.60
22
1
2.60
23
1
2.60
24
1
2.60
25
1
2.60
13
14
15
16
17
18
19
20
21
22
23
24
25
28.85 30.50 32.24 34.09 36.04 38.10 40.28 42.58 45.02 47.60 50.32 53.20 56.24
4.98 4.98 4.98 4.98 4.98 4.98 4.98 4.98 4.98 4.98 4.98 4.98 4.98
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2.66 2.75 2.84 2.95 3.05 3.17 3.29 3.41 3.55 3.69 3.84 4.00 4.17
41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16
77.65 79.39 81.23 83.18 85.24 87.41 89.71 92.14 94.72 97.43 100.31 103.34 106.55
13
1.11
0.19
0.00
0.10
1.58
2.98
14
1.17
0.19
0.00
0.11
1.58
3.05
15
1.24
0.19
0.00
0.11
1.58
3.12
16
1.31
0.19
0.00
0.11
1.58
3.20
17
1.39
0.19
0.00
0.12
1.58
3.28
18
1.46
0.19
0.00
0.12
1.58
3.36
19
1.55
0.19
0.00
0.13
1.58
3.45
20
1.64
0.19
0.00
0.13
1.58
3.54
21
1.73
0.19
0.00
0.14
1.58
3.64
22
1.83
0.19
0.00
0.14
1.58
3.74
23
1.93
0.19
0.00
0.15
1.58
3.86
24
2.04
0.19
0.00
0.15
1.58
3.97
25
2.16
0.19
0.00
0.16
1.58
4.10
26
1
2.60
27
1
2.60
28
1
2.60
29
1
2.60
30
1
2.60
31
1
2.60
32
1
2.60
33
1
2.60
34
1
2.60
35
1
2.60
26
59.46
4.98
0.00
4.35
41.16
109.95
27
62.86
4.98
0.00
4.53
41.16
113.54
28
66.45
4.98
0.00
4.73
41.16
117.33
29
70.25
4.98
0.00
4.94
41.16
121.34
30
74.27
4.98
0.00
5.17
41.16
125.58
31
78.52
4.98
0.00
5.40
41.16
130.07
32
83.01
4.98
0.00
5.65
41.16
134.80
33
87.76
4.98
0.00
5.91
41.16
139.82
34
92.78
4.98
0.00
6.19
41.16
145.11
35
98.09
4.98
0.00
6.48
41.16
150.71
26
2.29
0.19
0.00
0.17
1.58
4.23
27
2.42
0.19
0.00
0.17
1.58
4.36
28
2.55
0.19
0.00
0.18
1.58
4.51
29
2.70
0.19
0.00
0.19
1.58
4.66
30
2.85
0.19
0.00
0.20
1.58
4.83
31
3.02
0.19
0.00
0.21
1.58
5.00
32
3.19
0.19
0.00
0.22
1.58
5.18
33
3.37
0.19
0.00
0.23
1.58
5.37
34
3.57
0.19
0.00
0.24
1.58
5.58
35
3.77
0.19
0.00
0.25
1.58
5.79
0.901 0.812 0.732 0.660 0.595 0.536 0.483 0.436 0.393 0.354 0.319 0.287 0.259 0.234 0.210 0.190 0.171 0.154 0.139 0.125 0.113 0.102 0.092 0.083 0.074 0.067 0.061 0.055 0.049 0.044 0.040 0.036 0.032 0.029
Page81

Depreciation amount
90%
5.28%
80%
20.00%
Capital Cost
571.7
Years
-----------------> Unit
Book Depreciation
%
Book Depreciation
Rs Lakh
Opening
Closing
Accelrated Deprn.
Tax Benefit
Energy generation
Per unit benefit
Discounting Factor
Levellised benefit
1
2
3
4
5
6
7
8
9
2.64% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28%
15.09 30.19 30.19 30.19 30.19 30.19 30.19 30.19 30.19
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 2.88% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30.19 30.19 30.19 30.19 30.19 30.19 30.19 30.19 16.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
%
100.00% 50.00% 5.00% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00%
%
50% 45.00% 4.00% 0.80% 0.16% 0.03% 0.01% 0.00% 0.00%
%
50%
5% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00%
Rs Lakh
285.87 257.28 22.87 4.57 0.91 0.18 0.04 0.01 0.00
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Rs Lakh
Rs Lakh
MU
Rs/Unit
-30.19 -30.19 -30.19 -30.19 -30.19 -30.19 -30.19 -30.19 -16.47

-9.79 -9.79 -9.79 -9.79 -9.79 -9.79 -9.79 -9.79 -5.34
2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60
-0.38 -0.38 -0.38 -0.38 -0.38 -0.38 -0.38 -0.38 -0.21
0.41 0.37 0.34 0.30 0.27 0.25 0.22 0.20 0.18
270.77 227.09
87.85 73.68
1.30 2.60
6.75 2.83
1.00 0.95
-7.32 -25.61 -29.27 -30.00 -30.15 -30.18 -30.19

-2.37 -8.31 -9.50 -9.73 -9.78 -9.79 -9.79
2.60 2.60 2.60 2.60 2.60 2.60 2.60
-0.09 -0.32 -0.37 -0.37 -0.38 -0.38 -0.38
0.86 0.77 0.70 0.63 0.56 0.51 0.46
0.00
0.00
2.60
0.00
0.16
0.00
0.00
2.60
0.00
0.15
0.00
0.00
2.60
0.00
0.13
0.00
0.00
2.60
0.00
0.12
0.00
0.00
2.60
0.00
0.11
0.00
0.00
2.60
0.00
0.10
0.00
0.00
2.60
0.00
0.09
0.00
0.00
2.60
0.00
0.08
0.00
0.00
2.60
0.00
0.07
0.00
0.00
2.60
0.00
0.06
0.00
0.00
2.60
0.00
0.06
0.00
0.00
2.60
0.00
0.05
0.00
0.00
2.60
0.00
0.05
0.00
0.00
2.60
0.00
0.04
9.43
2.48
0.38 Rs/Unit
Page82
0.00
0.00
2.60
0.00
0.04
0.00
0.00
2.60
0.00
0.03
0.00
0.00
2.60
0.00
0.03
Annexure-3A
Select State
AP
Assumption for Biomass Power Project Parameters

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
MW
Auxillary Consumption during stablisatio%
Auxillary Consumption after stabilisation%
PLF(Stablization for 6 months)
%
PLF(during first year after Stablization) %
PLF(second year onwards)
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Debt: Equity
Power Plant Cost
Rs Lacs/MW
463.336
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
324.335
139.001
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
324.335
0
12
13.00%
Equity amount
RoE Period
Return on Equity after 10 years
Rs Lacs
% p.a
Year
%
139.001
20.00%
10.00
24.00%

Discount Rate (equiv. to WACC)
%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20.000%
Yes
Depreciation Rate(power plant)

Years for 5.83% depreciation rate
%
%
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges

O&M Charges
Maintenance Spare
Biomass Stock
Fuel Related Assumptions
After Stabilisation period
Heat Rate
During Stablization Period
Months
Months
1
15%
2
Months
%
4
13.50%
Kcal/kwh
Kcal/kwh
4000
4000
Biomass
Base Price
GCV - Biomass
Biomass Price Escalation Factor
power plant
Rs/T
Kcal/kg
2480.55
3300
5.00%
Rs Lacs
%
25.37
5.72%
Page83
Determination of Tariff Component: Biomass Power Projects

Units Generation
Installed Capacity
Gross Generation
Net Generation
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
MW
MU
MU
MU
Year--->
1
1
5.69
0.57
5.12
2
1
7.01
0.70
6.31
3
1
7.01
0.70
6.31
4
1
7.01
0.70
6.31
5
1
7.01
0.70
6.31
6
1
7.01
0.70
6.31
7
1
7.01
0.70
6.31
8
1
7.01
0.70
6.31
9
1
7.01
0.70
6.31
10
1
7.01
0.70
6.31
11
1
7.01
0.70
6.31
12
1
7.01
0.70
6.31
13
1
7.01
0.70
6.31
14
1
7.01
0.70
6.31
15
1
7.01
0.70
6.31
16
1
7.01
0.70
6.31
17
1
7.01
0.70
6.31
18
1
7.01
0.70
6.31
19
1
7.01
0.70
6.31
20
1
7.01
0.70
6.31
Unit
Rs Lakh
Rs/kWh
Year--->
1
171.20
3.34
2
221.25
3.51
3
232.31
3.68
4
243.93
3.87
5
256.12
4.06
6
268.93
4.26
7
282.37
4.48
8
296.49
4.70
9
311.32
4.94
10
326.88
5.18
11
343.23
5.44
12
360.39
5.71
13
378.41
6.00
14
397.33
6.30
15
417.19
6.61
16
438.05
6.95
17
459.96
7.29
18
482.95
7.66
19
507.10
8.04
20
532.46
8.44
1
25.37
27.01
40.41
15.42
27.80
136.00
2.65
2
26.82
27.01
36.89
18.87
27.80
137.40
2.18
3
28.36
27.01
33.38
19.64
27.80
136.19
2.16
4
29.98
27.01
29.87
20.45
27.80
135.10
2.14
5
31.69
27.01
26.35
21.31
27.80
134.16
2.13
6
33.50
27.01
22.84
22.21
27.80
133.36
2.11
7
35.42
27.01
19.32
23.16
27.80
132.72
2.10
8
37.45
27.01
15.81
24.17
27.80
132.24
2.10
9
39.59
27.01
12.30
25.23
27.80
131.93
2.09
10
41.85
27.01
8.78
26.35
27.80
131.80
2.09
11
44.25
27.01
5.27
27.66
33.36
137.55
2.18
12
46.78
27.01
1.76
28.90
33.36
137.81
2.18
13
49.45
11.61
0.00
29.90
33.36
124.32
1.97
14
52.28
11.61
0.00
31.36
33.36
128.61
2.04
15
55.27
11.61
0.00
32.90
33.36
133.14
2.11
16
58.44
11.61
0.00
34.51
33.36
137.91
2.19
17
61.78
11.61
0.00
36.21
33.36
142.95
2.27
18
65.31
11.61
0.00
37.99
33.36
148.27
2.35
19
69.05
11.61
0.00
39.87
33.36
153.88
2.44
20
73.00
11.61
0.00
41.84
33.36
159.80
2.53
1
3.34
0.50
0.53
0.79
0.30
0.54
5.99
2
3.51
0.43
0.43
0.58
0.30
0.44
5.69
3
3.68
0.45
0.43
0.53
0.31
0.44
5.84
4
3.87
0.48
0.43
0.47
0.32
0.44
6.01
5
4.06
0.50
0.43
0.42
0.34
0.44
6.19
6
4.26
0.53
0.43
0.36
0.35
0.44
6.38
7
4.48
0.56
0.43
0.31
0.37
0.44
6.58
8
4.70
0.59
0.43
0.25
0.38
0.44
6.80
9
4.94
0.63
0.43
0.19
0.40
0.44
7.03
10
5.18
0.66
0.43
0.14
0.42
0.44
7.27
11
5.44
0.70
0.43
0.08
0.44
0.53
7.62
12
5.71
0.74
0.43
0.03
0.46
0.53
7.90
13
6.00
0.78
0.18
0.00
0.47
0.53
7.97
14
6.30
0.83
0.18
0.00
0.50
0.53
8.34
15
6.61
0.88
0.18
0.00
0.52
0.53
8.73
16
6.95
0.93
0.18
0.00
0.55
0.53
9.13
17
7.29
0.98
0.18
0.00
0.57
0.53
9.56
18
7.66
1.04
0.18
0.00
0.60
0.53
10.01
19
8.04
1.09
0.18
0.00
0.63
0.53
10.48
20
8.44
1.16
0.18
0.00
0.66
0.53
10.98
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Per unit Fixed Cost
Rs/kWh
Unit
Levellised
Variable COG
Rs/kWh
4.69
O&M expn
Rs/kWh
0.61
Depreciation
Rs/kWh
0.39
Int. on term loan
Rs/kWh
0.34
Rs/kWh
0.39
RoE
Rs/kWh
0.48
Total COG
Rs/kWh
6.90
Levellised Tariff
Discount Factor
Variable Cost (FY2013-14)
Levellised Tariff (Fixed)
Applicable Tariff (FY2013-14)
Unit
Year -->
2
0.901
3
0.812
4
0.732
5
0.660
6
0.595
7
0.536
8
0.483
9
0.436
10
0.393
11
0.354
12
0.319
13
0.287
14
0.259
15
0.234
16
0.210
17
0.190
18
0.171
19
0.154
3.34 Rs/Kwh
2.21 Rs/Kwh
5.55 Rs/Kwh
20
0.139
Page84
Determination of Accelerated Depreciation for Biomass Power Project

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.45%
463.336
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
12.23
2
5.28%
24.46
3
5.28%
24.46
4
5.28%
24.46
5
5.28%
24.46
6
5.28%
24.46
7
5.28%
24.46
8
5.28%
24.46
9
5.28%
24.46
10
5.28%
24.46
11
5.28%
24.46
12
5.28%
24.46
13
5.28%
24.46
14
5.28%
24.46
15
5.28%
24.46
16
5.28%
24.46
17
5.28%
24.46
18
2.88%
13.34
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100.00%
50%
50%
231.67
50.00%
45.00%
5%
208.50
5.00%
4.00%
1.00%
18.53
1.00%
0.80%
0.20%
3.71
0.20%
0.16%
0.04%
0.74
0.04%
0.03%
0.01%
0.15
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00

Tax Benefit
Net Energy generation
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
219.44
71.20
2.56
2.78
184.04
59.71
6.31
0.95
-5.93
-1.92
6.31
-0.03
-20.76
-6.73
6.31
-0.11
-23.72
-7.70
6.31
-0.12
-24.32
-7.89
6.31
-0.13
-24.43
-7.93
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-13.34
-4.33
6.31
-0.07
0.00
0.00
6.31
0.00
0.00
0.00
6.31
0.00
1.00
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
Discounting Factor
Levellised benefit
0.14
(Rs/kWh)
Page85
Annexure-3B
Select State
Harayana

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
MW
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Debt: Equity
Power Plant Cost
Rs Lacs/MW
463.336
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
324.335
139.001
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
324.335
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
139.001
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20.000%
Yes

%
%
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges

O&M Charges
Maintenance Spare
Biomass Stock
Heat Rate
Months
Months
1
15%
2
Months
%
4
13.50%
Kcal/kwh
Kcal/kwh
4000
4000
Biomass
Base Price
GCV - Biomass
power plant
Rs/T
Kcal/kg
Rs Lacs
%
2823.44
3300
5.00%
25.37
5.72%
Page86

Units Generation
Installed Capacity
Gross Generation
Net Generation
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
MW
MU
MU
MU
Year--->
1
1
5.69
0.57
5.12
2
1
7.01
0.70
6.31
3
1
7.01
0.70
6.31
4
1
7.01
0.70
6.31
5
1
7.01
0.70
6.31
6
1
7.01
0.70
6.31
7
1
7.01
0.70
6.31
8
1
7.01
0.70
6.31
9
1
7.01
0.70
6.31
10
1
7.01
0.70
6.31
11
1
7.01
0.70
6.31
12
1
7.01
0.70
6.31
13
1
7.01
0.70
6.31
14
1
7.01
0.70
6.31
15
1
7.01
0.70
6.31
16
1
7.01
0.70
6.31
17
1
7.01
0.70
6.31
18
1
7.01
0.70
6.31
19
1
7.01
0.70
6.31
20
1
7.01
0.70
6.31
Unit
Rs Lakh
Rs/kWh
Year--->
1
194.87
3.80
2
251.83
3.99
3
264.42
4.19
4
277.64
4.40
5
291.52
4.62
6
306.10
4.85
7
321.41
5.10
8
337.48
5.35
9
354.35
5.62
10
372.07
5.90
11
390.67
6.19
12
410.20
6.50
13
430.71
6.83
14
452.25
7.17
15
474.86
7.53
16
498.61
7.91
17
523.54
8.30
18
549.71
8.72
19
577.20
9.15
20
606.06
9.61
1
25.37
27.01
40.41
17.05
27.80
137.64
2.69
2
26.82
27.01
36.89
20.98
27.80
139.51
2.21
3
28.36
27.01
33.38
21.86
27.80
138.40
2.19
4
29.98
27.01
29.87
22.78
27.80
137.43
2.18
5
31.69
27.01
26.35
23.75
27.80
136.61
2.17
6
33.50
27.01
22.84
24.78
27.80
135.93
2.16
7
35.42
27.01
19.32
25.86
27.80
135.42
2.15
8
37.45
27.01
15.81
27.00
27.80
135.07
2.14
9
39.59
27.01
12.30
28.20
27.80
134.90
2.14
10
41.85
27.01
8.78
29.47
27.80
134.92
2.14
11
44.25
27.01
5.27
30.93
33.36
140.82
2.23
12
46.78
27.01
1.76
32.34
33.36
141.25
2.24
13
49.45
11.61
0.00
33.51
33.36
127.93
2.03
14
52.28
11.61
0.00
35.15
33.36
132.40
2.10
15
55.27
11.61
0.00
36.88
33.36
137.12
2.17
16
58.44
11.61
0.00
38.69
33.36
142.10
2.25
17
61.78
11.61
0.00
40.60
33.36
147.34
2.34
18
65.31
11.61
0.00
42.60
33.36
152.88
2.42
19
69.05
11.61
0.00
44.71
33.36
158.72
2.52
20
73.00
11.61
0.00
46.92
33.36
164.88
2.61
1
3.80
0.50
0.53
0.79
0.33
0.54
6.49
2
3.99
0.43
0.43
0.58
0.33
0.44
6.20
3
4.19
0.45
0.43
0.53
0.35
0.44
6.39
4
4.40
0.48
0.43
0.47
0.36
0.44
6.58
5
4.62
0.50
0.43
0.42
0.38
0.44
6.79
6
4.85
0.53
0.43
0.36
0.39
0.44
7.01
7
5.10
0.56
0.43
0.31
0.41
0.44
7.24
8
5.35
0.59
0.43
0.25
0.43
0.44
7.49
9
5.62
0.63
0.43
0.19
0.45
0.44
7.76
10
5.90
0.66
0.43
0.14
0.47
0.44
8.04
11
6.19
0.70
0.43
0.08
0.49
0.53
8.43
12
6.50
0.74
0.43
0.03
0.51
0.53
8.74
13
6.83
0.78
0.18
0.00
0.53
0.53
8.86
14
7.17
0.83
0.18
0.00
0.56
0.53
9.27
15
7.53
0.88
0.18
0.00
0.58
0.53
9.70
16
7.91
0.93
0.18
0.00
0.61
0.53
10.16
17
8.30
0.98
0.18
0.00
0.64
0.53
10.64
18
8.72
1.04
0.18
0.00
0.68
0.53
11.14
19
9.15
1.09
0.18
0.00
0.71
0.53
11.67
20
9.61
1.16
0.18
0.00
0.74
0.53
12.22
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Per unit Fixed Cost
Rs/kWh
Unit
Levellised
Variable COG
Rs/kWh
5.34
O&M expn
Rs/kWh
0.61
Depreciation
Rs/kWh
0.39
Int. on term loan
Rs/kWh
0.34
Rs/kWh
0.43
RoE
Rs/kWh
0.48
Total COG
Rs/kWh
7.59
Levellised Tariff
Discount Factor
Unit
Year -->
2
0.901
3
0.812
4
0.732
5
0.660
6
0.595
7
0.536
8
0.483
9
0.436
10
0.393
11
0.354
12
0.319
13
0.287
14
0.259
15
0.234
16
0.210
17
0.190
18
0.171
19
0.154
3.80 Rs/Kwh
2.25 Rs/Kwh
6.05 Rs/Kwh
20
0.139
Page87

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.45%
463.336
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
12.23
2
5.28%
24.46
3
5.28%
24.46
4
5.28%
24.46
5
5.28%
24.46
6
5.28%
24.46
7
5.28%
24.46
8
5.28%
24.46
9
5.28%
24.46
10
5.28%
24.46
11
5.28%
24.46
12
5.28%
24.46
13
5.28%
24.46
14
5.28%
24.46
15
5.28%
24.46
16
5.28%
24.46
17
5.28%
24.46
18
2.88%
13.34
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100.00%
50%
50%
231.67
50.00%
45.00%
5%
208.50
5.00%
4.00%
1.00%
18.53
1.00%
0.80%
0.20%
3.71
0.20%
0.16%
0.04%
0.74
0.04%
0.03%
0.01%
0.15
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
219.44
71.20
2.56
2.78
184.04
59.71
6.31
0.95
-5.93
-1.92
6.31
-0.03
-20.76
-6.73
6.31
-0.11
-23.72
-7.70
6.31
-0.12
-24.32
-7.89
6.31
-0.13
-24.43
-7.93
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-13.34
-4.33
6.31
-0.07
0.00
0.00
6.31
0.00
0.00
0.00
6.31
0.00
1.00
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
Discounting Factor
Levellised benefit
0.14
(Rs/kWh)
Page88
Annexure-3C
Select State
Maharashtra

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
MW
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Debt: Equity
Power Plant Cost
Rs Lacs/MW
463.336
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
324.335
139.001
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
324.335
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
139.001
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20.000%
Yes

%
%
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges

O&M Charges
Maintenance Spare
Biomass Stock
Heat Rate
Months
Months
1
15%
2
Months
%
4
13.50%
Kcal/kwh
Kcal/kwh
4000
4000
Biomass
Base Price
GCV - Biomass
power plant
Rs/T
Kcal/kg
Rs Lacs
%
2887.73
3300
5.00%
25.37
5.72%
Page89

Unit
MW
MU
MU
MU
Year--->
1
1
5.69
0.57
5.12
2
1
7.01
0.70
6.31
3
1
7.01
0.70
6.31
4
1
7.01
0.70
6.31
5
1
7.01
0.70
6.31
6
1
7.01
0.70
6.31
7
1
7.01
0.70
6.31
8
1
7.01
0.70
6.31
9
1
7.01
0.70
6.31
10
1
7.01
0.70
6.31
11
1
7.01
0.70
6.31
12
1
7.01
0.70
6.31
13
1
7.01
0.70
6.31
14
1
7.01
0.70
6.31
15
1
7.01
0.70
6.31
16
1
7.01
0.70
6.31
17
1
7.01
0.70
6.31
18
1
7.01
0.70
6.31
19
1
7.01
0.70
6.31
20
1
7.01
0.70
6.31
Unit
Rs Lakh
Rs/kWh
Year--->
1
199.31
3.89
2
257.56
4.08
3
270.44
4.29
4
283.96
4.50
5
298.16
4.73
6
313.07
4.96
7
328.72
5.21
8
345.16
5.47
9
362.42
5.75
10
380.54
6.03
11
399.57
6.34
12
419.55
6.65
13
440.52
6.98
14
462.55
7.33
15
485.68
7.70
16
509.96
8.09
17
535.46
8.49
18
562.23
8.91
19
590.34
9.36
20
619.86
9.83
Fixed Cost
Unit
Year--->
1
O&M Expenses
Rs Lakh
25.37
Depreciation
Rs Lakh
27.01
Rs Lakh
40.41
Rs Lakh
17.36
Return on Equity
Rs Lakh
27.80
Total Fixed Cost
Rs Lakh
137.95
Per unit Fixed Cost
Rs/kWh
2.69
Unit
Levellised
1
Variable COG
Rs/kWh
3.89
5.46
O&M expn
Rs/kWh
0.50
0.61
Depreciation
Rs/kWh
0.53
0.39
Int. on term loan
Rs/kWh
0.79
0.34
Rs/kWh
0.34
0.44
RoE
Rs/kWh
0.54
0.48
Total COG
Rs/kWh
7.72
6.58
2
26.82
27.01
36.89
21.38
27.80
139.91
2.22
3
28.36
27.01
33.38
22.27
27.80
138.82
2.20
4
29.98
27.01
29.87
23.21
27.80
137.87
2.19
5
31.69
27.01
26.35
24.21
27.80
137.07
2.17
6
33.50
27.01
22.84
25.26
27.80
136.41
2.16
7
35.42
27.01
19.32
26.36
27.80
135.92
2.16
8
37.45
27.01
15.81
27.53
27.80
135.60
2.15
9
39.59
27.01
12.30
28.76
27.80
135.46
2.15
10
41.85
27.01
8.78
30.05
27.80
135.50
2.15
11
44.25
27.01
5.27
31.55
33.36
141.44
2.24
12
46.78
27.01
1.76
32.99
33.36
141.89
2.25
13
49.45
11.61
0.00
34.19
33.36
128.61
2.04
14
52.28
11.61
0.00
35.86
33.36
133.11
2.11
15
55.27
11.61
0.00
37.63
33.36
137.87
2.19
16
58.44
11.61
0.00
39.48
33.36
142.88
2.27
17
61.78
11.61
0.00
41.42
33.36
148.17
2.35
18
65.31
11.61
0.00
43.47
33.36
153.75
2.44
19
69.05
11.61
0.00
45.61
33.36
159.63
2.53
20
73.00
11.61
0.00
47.87
33.36
165.84
2.63
2
4.08
0.43
0.43
0.58
0.34
0.44
6.30
3
4.29
0.45
0.43
0.53
0.35
0.44
6.49
4
4.50
0.48
0.43
0.47
0.37
0.44
6.69
5
4.73
0.50
0.43
0.42
0.38
0.44
6.90
6
4.96
0.53
0.43
0.36
0.40
0.44
7.13
7
5.21
0.56
0.43
0.31
0.42
0.44
7.37
8
5.47
0.59
0.43
0.25
0.44
0.44
7.62
9
5.75
0.63
0.43
0.19
0.46
0.44
7.89
10
6.03
0.66
0.43
0.14
0.48
0.44
8.18
11
6.34
0.70
0.43
0.08
0.50
0.53
8.58
12
6.65
0.74
0.43
0.03
0.52
0.53
8.90
13
6.98
0.78
0.18
0.00
0.54
0.53
9.02
14
7.33
0.83
0.18
0.00
0.57
0.53
9.44
15
7.70
0.88
0.18
0.00
0.60
0.53
9.89
16
8.09
0.93
0.18
0.00
0.63
0.53
10.35
17
8.49
0.98
0.18
0.00
0.66
0.53
10.84
18
8.91
1.04
0.18
0.00
0.69
0.53
11.35
19
9.36
1.09
0.18
0.00
0.72
0.53
11.89
20
9.83
1.16
0.18
0.00
0.76
0.53
12.46
Units Generation
Installed Capacity
Gross Generation
Net Generation
Vaiable Cost
Biomass Cost
Per unit Var Cost
Levellised Tariff
Discount Factor
Unit
Year -->
2
0.901
3
0.812
4
0.732
5
0.660
6
0.595
7
0.536
8
0.483
9
0.436
10
0.393
11
0.354
12
0.319
13
0.287
14
0.259
15
0.234
16
0.210
17
0.190
18
0.171
3.89 Rs/Kwh
2.26 Rs/Kwh
6.15 Rs/Kwh
19
0.154
20
0.139
Page90

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.45%
463.336
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
12.23
2
5.28%
24.46
3
5.28%
24.46
4
5.28%
24.46
5
5.28%
24.46
6
5.28%
24.46
7
5.28%
24.46
8
5.28%
24.46
9
5.28%
24.46
10
5.28%
24.46
11
5.28%
24.46
12
5.28%
24.46
13
5.28%
24.46
14
5.28%
24.46
15
5.28%
24.46
16
5.28%
24.46
17
5.28%
24.46
18
2.88%
13.34
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100.00%
50%
50%
231.67
50.00%
45.00%
5%
208.50
5.00%
4.00%
1.00%
18.53
1.00%
0.80%
0.20%
3.71
0.20%
0.16%
0.04%
0.74
0.04%
0.03%
0.01%
0.15
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
219.44
71.20
2.56
2.78
184.04
59.71
6.31
0.95
-5.93
-1.92
6.31
-0.03
-20.76
-6.73
6.31
-0.11
-23.72
-7.70
6.31
-0.12
-24.32
-7.89
6.31
-0.13
-24.43
-7.93
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-13.34
-4.33
6.31
-0.07
0.00
0.00
6.31
0.00
0.00
0.00
6.31
0.00
1.00
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
Discounting Factor
Levellised benefit
0.14
(Rs/kWh)
Page91
Annexure-3D
Select State
Punjab

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
MW
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Debt: Equity
Power Plant Cost
Rs Lacs/MW
463.336
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
324.335
139.001
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
324.335
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
139.001
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20.000%
Yes

%
%
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges

O&M Charges
Maintenance Spare
Biomass Stock
Heat Rate
Months
Months
1
15%
2
Months
%
4
13.50%
Kcal/kwh
Kcal/kwh
4000
4000
Biomass
Base Price
GCV - Biomass
power plant
Rs/T
Kcal/kg
Rs Lacs
%
2953.09
3300
5.00%
25.37
5.72%
Page92
z
Unit
MW
MU
MU
MU
Year--->
1
1
5.69
0.57
5.12
2
1
7.01
0.70
6.31
3
1
7.01
0.70
6.31
4
1
7.01
0.70
6.31
5
1
7.01
0.70
6.31
6
1
7.01
0.70
6.31
7
1
7.01
0.70
6.31
8
1
7.01
0.70
6.31
9
1
7.01
0.70
6.31
10
1
7.01
0.70
6.31
11
1
7.01
0.70
6.31
12
1
7.01
0.70
6.31
13
1
7.01
0.70
6.31
14
1
7.01
0.70
6.31
15
1
7.01
0.70
6.31
16
1
7.01
0.70
6.31
17
1
7.01
0.70
6.31
18
1
7.01
0.70
6.31
19
1
7.01
0.70
6.31
20
1
7.01
0.70
6.31
Unit
Rs Lakh
Rs/kWh
Year--->
1
203.82
3.98
2
263.39
4.18
3
276.56
4.38
4
290.39
4.60
5
304.91
4.83
6
320.16
5.08
7
336.17
5.33
8
352.97
5.60
9
370.62
5.88
10
389.15
6.17
11
408.61
6.48
12
429.04
6.80
13
450.49
7.14
14
473.02
7.50
15
496.67
7.87
16
521.50
8.27
17
547.58
8.68
18
574.96
9.12
19
603.70
9.57
20
633.89
10.05
Fixed Cost
Unit
Year--->
1
O&M Expenses
Rs Lakh
25.37
Depreciation
Rs Lakh
27.01
Rs Lakh
40.41
Rs Lakh
17.67
Return on Equity
Rs Lakh
27.80
Total Fixed Cost
Rs Lakh
138.26
Per unit Fixed Cost
Rs/kWh
2.70
Unit
Levellised
1
Variable COG
Rs/kWh
5.59
3.98
O&M expn
Rs/kWh
0.61
0.50
Depreciation
Rs/kWh
0.39
0.53
Int. on term loan
Rs/kWh
0.34
0.79
Rs/kWh
0.34
0.45
RoE
Rs/kWh
0.54
0.48
Total COG
Rs/kWh
7.86
6.68
2
26.82
27.01
36.89
21.78
27.80
140.31
2.22
3
28.36
27.01
33.38
22.69
27.80
139.24
2.21
4
29.98
27.01
29.87
23.66
27.80
138.31
2.19
5
31.69
27.01
26.35
24.67
27.80
137.53
2.18
6
33.50
27.01
22.84
25.75
27.80
136.90
2.17
7
35.42
27.01
19.32
26.88
27.80
136.44
2.16
8
37.45
27.01
15.81
28.07
27.80
136.14
2.16
9
39.59
27.01
12.30
29.32
27.80
136.02
2.16
10
41.85
27.01
8.78
30.65
27.80
136.10
2.16
11
44.25
27.01
5.27
32.17
33.36
142.06
2.25
12
46.78
27.01
1.76
33.64
33.36
142.55
2.26
13
49.45
11.61
0.00
34.88
33.36
129.30
2.05
14
52.28
11.61
0.00
36.59
33.36
133.84
2.12
15
55.27
11.61
0.00
38.39
33.36
138.63
2.20
16
58.44
11.61
0.00
40.27
33.36
143.68
2.28
17
61.78
11.61
0.00
42.26
33.36
149.01
2.36
18
65.31
11.61
0.00
44.35
33.36
154.62
2.45
19
69.05
11.61
0.00
46.54
33.36
160.55
2.55
20
73.00
11.61
0.00
48.84
33.36
166.80
2.64
2
4.18
0.43
0.43
0.58
0.35
0.44
6.40
3
4.38
0.45
0.43
0.53
0.36
0.44
6.59
4
4.60
0.48
0.43
0.47
0.38
0.44
6.80
5
4.83
0.50
0.43
0.42
0.39
0.44
7.01
6
5.08
0.53
0.43
0.36
0.41
0.44
7.25
7
5.33
0.56
0.43
0.31
0.43
0.44
7.49
8
5.60
0.59
0.43
0.25
0.45
0.44
7.75
9
5.88
0.63
0.43
0.19
0.46
0.44
8.03
10
6.17
0.66
0.43
0.14
0.49
0.44
8.33
11
6.48
0.70
0.43
0.08
0.51
0.53
8.73
12
6.80
0.74
0.43
0.03
0.53
0.53
9.06
13
7.14
0.78
0.18
0.00
0.55
0.53
9.19
14
7.50
0.83
0.18
0.00
0.58
0.53
9.62
15
7.87
0.88
0.18
0.00
0.61
0.53
10.07
16
8.27
0.93
0.18
0.00
0.64
0.53
10.55
17
8.68
0.98
0.18
0.00
0.67
0.53
11.04
18
9.12
1.04
0.18
0.00
0.70
0.53
11.57
19
9.57
1.09
0.18
0.00
0.74
0.53
12.12
20
10.05
1.16
0.18
0.00
0.77
0.53
12.69
Units Generation
Installed Capacity
Gross Generation
Net Generation
Vaiable Cost
Biomass Cost
Per unit Var Cost
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
2
0.901
3
0.812
4
0.732
5
0.660
6
0.595
7
0.536
8
0.483
9
0.436
10
0.393
11
0.354
12
0.319
13
0.287
14
0.259
15
0.234
16
0.210
17
0.190
18
0.171
19
0.154
3.98 Rs/Kwh
2.27 Rs/Kwh
6.24 Rs/Kwh
20
0.139
Page93

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.45%
463.336
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0.14
1
2.64%
12.23
2
5.28%
24.46
3
5.28%
24.46
4
5.28%
24.46
5
5.28%
24.46
6
5.28%
24.46
7
5.28%
24.46
8
5.28%
24.46
9
5.28%
24.46
10
5.28%
24.46
11
5.28%
24.46
12
5.28%
24.46
13
5.28%
24.46
14
5.28%
24.46
15
5.28%
24.46
16
5.28%
24.46
17
5.28%
24.46
18
2.88%
13.34
19
0.00%
0.00
20
0.00%
0.00
100.00% 50.00%
50% 45.00%
50%
5%
231.67 208.50
5.00%
4.00%
1.00%
18.53
1.00%
0.80%
0.20%
3.71
0.20%
0.16%
0.04%
0.74
0.04%
0.03%
0.01%
0.15
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
219.44
71.20
2.56
2.78
184.04
59.71
6.31
0.95
-5.93
-1.92
6.31
-0.03
-20.76
-6.73
6.31
-0.11
-23.72
-7.70
6.31
-0.12
-24.32
-7.89
6.31
-0.13
-24.43
-7.93
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-13.34
-4.33
6.31
-0.07
0.00
0.00
6.31
0.00
0.00
0.00
6.31
0.00
1.00
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
(Rs/kWh)
Page94
Annexure-3E
Select State
Rajasthan

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
MW
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Debt: Equity
Power Plant Cost
Rs Lacs/MW
463.336
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
324.335
139.001
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
324.335
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
139.001
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20.000%
Yes

%
%
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges

O&M Charges
Maintenance Spare
Biomass Stock
Heat Rate
Months
Months
1
15%
2
Months
%
4
13.50%
Kcal/kwh
Kcal/kwh
4000
4000
Biomass
Base Price
GCV - Biomass
power plant
Rs/T
Kcal/kg
Rs Lacs
%
2464.48
3300
5.00%
25.37
5.72%
Page95

Unit
MW
MU
MU
MU
Year--->
1
1
5.69
0.57
5.12
2
1
7.01
0.70
6.31
3
1
7.01
0.70
6.31
4
1
7.01
0.70
6.31
5
1
7.01
0.70
6.31
6
1
7.01
0.70
6.31
7
1
7.01
0.70
6.31
8
1
7.01
0.70
6.31
9
1
7.01
0.70
6.31
10
1
7.01
0.70
6.31
11
1
7.01
0.70
6.31
12
1
7.01
0.70
6.31
13
1
7.01
0.70
6.31
14
1
7.01
0.70
6.31
15
1
7.01
0.70
6.31
16
1
7.01
0.70
6.31
17
1
7.01
0.70
6.31
18
1
7.01
0.70
6.31
19
1
7.01
0.70
6.31
20
1
7.01
0.70
6.31
Unit
Rs Lakh
Rs/kWh
Year--->
1
170.09
3.32
2
219.81
3.49
3
230.80
3.66
4
242.34
3.84
5
254.46
4.03
6
267.18
4.24
7
280.54
4.45
8
294.57
4.67
9
309.30
4.90
10
324.76
5.15
11
341.00
5.41
12
358.05
5.68
13
375.96
5.96
14
394.75
6.26
15
414.49
6.57
16
435.22
6.90
17
456.98
7.25
18
479.83
7.61
19
503.82
7.99
20
529.01
8.39
Fixed Cost
Unit
Year--->
1
O&M Expenses
Rs Lakh
25.37
Depreciation
Rs Lakh
27.01
Rs Lakh
40.41
Rs Lakh
15.34
Return on Equity
Rs Lakh
27.80
Total Fixed Cost
Rs Lakh
135.93
Per unit Fixed Cost
Rs/kWh
2.65
Unit
Levellised
1
Variable COG
Rs/kWh
3.32
4.66
O&M expn
Rs/kWh
0.50
0.61
Depreciation
Rs/kWh
0.53
0.39
Int. on term loan
Rs/kWh
0.79
0.34
Rs/kWh
0.30
0.38
RoE
Rs/kWh
0.54
0.48
Total COG
Rs/kWh
6.87
5.97
2
26.82
27.01
36.89
18.77
27.80
137.30
2.18
3
28.36
27.01
33.38
19.53
27.80
136.08
2.16
4
29.98
27.01
29.87
20.34
27.80
135.00
2.14
5
31.69
27.01
26.35
21.19
27.80
134.05
2.13
6
33.50
27.01
22.84
22.09
27.80
133.24
2.11
7
35.42
27.01
19.32
23.04
27.80
132.59
2.10
8
37.45
27.01
15.81
24.04
27.80
132.11
2.09
9
39.59
27.01
12.30
25.09
27.80
131.79
2.09
10
41.85
27.01
8.78
26.20
27.80
131.65
2.09
11
44.25
27.01
5.27
27.50
33.36
137.39
2.18
12
46.78
27.01
1.76
28.74
33.36
137.65
2.18
13
49.45
11.61
0.00
29.73
33.36
124.15
1.97
14
52.28
11.61
0.00
31.18
33.36
128.43
2.04
15
55.27
11.61
0.00
32.71
33.36
132.95
2.11
16
58.44
11.61
0.00
34.32
33.36
137.72
2.18
17
61.78
11.61
0.00
36.00
33.36
142.75
2.26
18
65.31
11.61
0.00
37.78
33.36
148.06
2.35
19
69.05
11.61
0.00
39.64
33.36
153.65
2.44
20
73.00
11.61
0.00
41.60
33.36
159.56
2.53
2
3.49
0.43
0.43
0.58
0.30
0.44
5.66
3
3.66
0.45
0.43
0.53
0.31
0.44
5.82
4
3.84
0.48
0.43
0.47
0.32
0.44
5.98
5
4.03
0.50
0.43
0.42
0.34
0.44
6.16
6
4.24
0.53
0.43
0.36
0.35
0.44
6.35
7
4.45
0.56
0.43
0.31
0.37
0.44
6.55
8
4.67
0.59
0.43
0.25
0.38
0.44
6.76
9
4.90
0.63
0.43
0.19
0.40
0.44
6.99
10
5.15
0.66
0.43
0.14
0.42
0.44
7.24
11
5.41
0.70
0.43
0.08
0.44
0.53
7.58
12
5.68
0.74
0.43
0.03
0.46
0.53
7.86
13
5.96
0.78
0.18
0.00
0.47
0.53
7.93
14
6.26
0.83
0.18
0.00
0.49
0.53
8.30
15
6.57
0.88
0.18
0.00
0.52
0.53
8.68
16
6.90
0.93
0.18
0.00
0.54
0.53
9.08
17
7.25
0.98
0.18
0.00
0.57
0.53
9.51
18
7.61
1.04
0.18
0.00
0.60
0.53
9.95
19
7.99
1.09
0.18
0.00
0.63
0.53
10.42
20
8.39
1.16
0.18
0.00
0.66
0.53
10.92
Units Generation
Installed Capacity
Gross Generation
Net Generation
Vaiable Cost
Biomass Cost
Per unit Var Cost
Levellised Tariff
Discount Factor
Unit
Year -->
2
0.901
3
0.812
4
0.732
5
0.660
6
0.595
7
0.536
8
0.483
9
0.436
10
0.393
11
0.354
12
0.319
13
0.287
14
0.259
15
0.234
16
0.210
17
0.190
18
0.171
3.32 Rs/Kwh
2.20 Rs/Kwh
5.52 Rs/Kwh
19
0.154
20
0.139
Page96

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.45%
463.336
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0.14
1
2.64%
12.23
2
5.28%
24.46
3
5.28%
24.46
4
5.28%
24.46
5
5.28%
24.46
6
5.28%
24.46
7
5.28%
24.46
8
5.28%
24.46
9
5.28%
24.46
10
5.28%
24.46
11
5.28%
24.46
12
5.28%
24.46
13
5.28%
24.46
14
5.28%
24.46
15
5.28%
24.46
16
5.28%
24.46
17
5.28%
24.46
18
2.88%
13.34
19
0.00%
0.00
20
0.00%
0.00
100.00% 50.00%
50% 45.00%
50%
5%
231.67 208.50
5.00%
4.00%
1.00%
18.53
1.00%
0.80%
0.20%
3.71
0.20%
0.16%
0.04%
0.74
0.04%
0.03%
0.01%
0.15
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
219.44
71.20
2.56
2.78
184.04
59.71
6.31
0.95
-5.93
-1.92
6.31
-0.03
-20.76
-6.73
6.31
-0.11
-23.72
-7.70
6.31
-0.12
-24.32
-7.89
6.31
-0.13
-24.43
-7.93
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-13.34
-4.33
6.31
-0.07
0.00
0.00
6.31
0.00
0.00
0.00
6.31
0.00
1.00
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
(Rs/kWh)
Page97
Annexure-3F
Select State
UP

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
MW
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Debt: Equity
Power Plant Cost
Rs Lacs/MW
463.336
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
324.335
139.001
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
324.335
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
139.001
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20.000%
Yes

%
%
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges

O&M Charges
Maintenance Spare
Biomass Stock
Heat Rate
Months
Months
1
15%
2
Months
%
4
13.50%
Kcal/kwh
Kcal/kwh
4000
4000
Biomass
Base Price
GCV - Biomass
power plant
Rs/T
Kcal/kg
Rs Lacs
%
2523.41
3300
5.00%
25.37
5.72%
Page98

Unit
MW
MU
MU
MU
Year--->
1
1
5.69
0.57
5.12
2
1
7.01
0.70
6.31
3
1
7.01
0.70
6.31
4
1
7.01
0.70
6.31
5
1
7.01
0.70
6.31
6
1
7.01
0.70
6.31
7
1
7.01
0.70
6.31
8
1
7.01
0.70
6.31
9
1
7.01
0.70
6.31
10
1
7.01
0.70
6.31
11
1
7.01
0.70
6.31
12
1
7.01
0.70
6.31
13
1
7.01
0.70
6.31
14
1
7.01
0.70
6.31
15
1
7.01
0.70
6.31
16
1
7.01
0.70
6.31
17
1
7.01
0.70
6.31
18
1
7.01
0.70
6.31
19
1
7.01
0.70
6.31
20
1
7.01
0.70
6.31
Unit
Rs Lakh
Rs/kWh
Year--->
1
174.16
3.40
2
225.07
3.57
3
236.32
3.75
4
248.14
3.93
5
260.55
4.13
6
273.57
4.34
7
287.25
4.55
8
301.62
4.78
9
316.70
5.02
10
332.53
5.27
11
349.16
5.54
12
366.62
5.81
13
384.95
6.10
14
404.19
6.41
15
424.40
6.73
16
445.62
7.07
17
467.90
7.42
18
491.30
7.79
19
515.86
8.18
20
541.66
8.59
Fixed Cost
Unit
Year--->
1
O&M Expenses
Rs Lakh
25.37
Depreciation
Rs Lakh
27.01
Rs Lakh
40.41
Rs Lakh
15.62
Return on Equity
Rs Lakh
27.80
Total Fixed Cost
Rs Lakh
136.21
Per unit Fixed Cost
Rs/kWh
2.66
Unit
Levellised
1
Variable COG
Rs/kWh
3.40
4.78
O&M expn
Rs/kWh
0.50
0.61
Depreciation
Rs/kWh
0.53
0.39
Int. on term loan
Rs/kWh
0.79
0.34
Rs/kWh
0.30
0.39
RoE
Rs/kWh
0.54
0.48
Total COG
Rs/kWh
6.99
6.06
2
26.82
27.01
36.89
19.13
27.80
137.66
2.18
3
28.36
27.01
33.38
19.92
27.80
136.46
2.16
4
29.98
27.01
29.87
20.74
27.80
135.40
2.15
5
31.69
27.01
26.35
21.61
27.80
134.47
2.13
6
33.50
27.01
22.84
22.53
27.80
133.69
2.12
7
35.42
27.01
19.32
23.50
27.80
133.06
2.11
8
37.45
27.01
15.81
24.52
27.80
132.59
2.10
9
39.59
27.01
12.30
25.60
27.80
132.30
2.10
10
41.85
27.01
8.78
26.74
27.80
132.19
2.10
11
44.25
27.01
5.27
28.07
33.36
137.96
2.19
12
46.78
27.01
1.76
29.33
33.36
138.24
2.19
13
49.45
11.61
0.00
30.35
33.36
124.77
1.98
14
52.28
11.61
0.00
31.83
33.36
129.08
2.05
15
55.27
11.61
0.00
33.40
33.36
133.64
2.12
16
58.44
11.61
0.00
35.04
33.36
138.44
2.19
17
61.78
11.61
0.00
36.76
33.36
143.50
2.28
18
65.31
11.61
0.00
38.57
33.36
148.85
2.36
19
69.05
11.61
0.00
40.47
33.36
154.49
2.45
20
73.00
11.61
0.00
42.47
33.36
160.44
2.54
2
3.57
0.43
0.43
0.58
0.30
0.44
5.75
3
3.75
0.45
0.43
0.53
0.32
0.44
5.91
4
3.93
0.48
0.43
0.47
0.33
0.44
6.08
5
4.13
0.50
0.43
0.42
0.34
0.44
6.26
6
4.34
0.53
0.43
0.36
0.36
0.44
6.46
7
4.55
0.56
0.43
0.31
0.37
0.44
6.66
8
4.78
0.59
0.43
0.25
0.39
0.44
6.88
9
5.02
0.63
0.43
0.19
0.41
0.44
7.12
10
5.27
0.66
0.43
0.14
0.42
0.44
7.37
11
5.54
0.70
0.43
0.08
0.44
0.53
7.72
12
5.81
0.74
0.43
0.03
0.47
0.53
8.00
13
6.10
0.78
0.18
0.00
0.48
0.53
8.08
14
6.41
0.83
0.18
0.00
0.50
0.53
8.46
15
6.73
0.88
0.18
0.00
0.53
0.53
8.85
16
7.07
0.93
0.18
0.00
0.56
0.53
9.26
17
7.42
0.98
0.18
0.00
0.58
0.53
9.69
18
7.79
1.04
0.18
0.00
0.61
0.53
10.15
19
8.18
1.09
0.18
0.00
0.64
0.53
10.63
20
8.59
1.16
0.18
0.00
0.67
0.53
11.13
Units Generation
Installed Capacity
Gross Generation
Net Generation
Vaiable Cost
Biomass Cost
Per unit Var Cost
Levellised Tariff
Discount Factor
Unit
Year -->
2
0.901
3
0.812
4
0.732
5
0.660
6
0.595
7
0.536
8
0.483
9
0.436
10
0.393
11
0.354
12
0.319
13
0.287
14
0.259
15
0.234
16
0.210
17
0.190
18
0.171
3.40 Rs/Kwh
2.21 Rs/Kwh
5.61 Rs/Kwh
19
0.154
20
0.139
Page99

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.45%
463.336
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0.14
1
2.64%
12.23
2
5.28%
24.46
3
5.28%
24.46
4
5.28%
24.46
5
5.28%
24.46
6
5.28%
24.46
7
5.28%
24.46
8
5.28%
24.46
9
5.28%
24.46
10
5.28%
24.46
11
5.28%
24.46
12
5.28%
24.46
13
5.28%
24.46
14
5.28%
24.46
15
5.28%
24.46
16
5.28%
24.46
17
5.28%
24.46
18
2.88%
13.34
19
0.00%
0.00
20
0.00%
0.00
100.00% 50.00%
50% 45.00%
50%
5%
231.67 208.50
5.00%
4.00%
1.00%
18.53
1.00%
0.80%
0.20%
3.71
0.20%
0.16%
0.04%
0.74
0.04%
0.03%
0.01%
0.15
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
219.44
71.20
2.56
2.78
184.04
59.71
6.31
0.95
-5.93
-1.92
6.31
-0.03
-20.76
-6.73
6.31
-0.11
-23.72
-7.70
6.31
-0.12
-24.32
-7.89
6.31
-0.13
-24.43
-7.93
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-13.34
-4.33
6.31
-0.07
0.00
0.00
6.31
0.00
0.00
0.00
6.31
0.00
1.00
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
(Rs/kWh)
Page100
Annexure-3G
Select State
TN

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
MW
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Debt: Equity
Power Plant Cost
Rs Lacs/MW
463.336
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
324.335
139.001
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
324.335
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
139.001
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20.000%
Yes

%
%
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges

O&M Charges
Maintenance Spare
Biomass Stock
Heat Rate
Months
Months
1
15%
2
Months
%
4
13.50%
Kcal/kwh
Kcal/kwh
4000
4000
Biomass
Base Price
GCV - Biomass
power plant
Rs/T
Kcal/kg
Rs Lacs
%
2439.83
3300
5.00%
25.37
5.72%
Page101

Unit
MW
MU
MU
MU
Year--->
1
1
5.69
0.57
5.12
2
1
7.01
0.70
6.31
3
1
7.01
0.70
6.31
4
1
7.01
0.70
6.31
5
1
7.01
0.70
6.31
6
1
7.01
0.70
6.31
7
1
7.01
0.70
6.31
8
1
7.01
0.70
6.31
9
1
7.01
0.70
6.31
10
1
7.01
0.70
6.31
11
1
7.01
0.70
6.31
12
1
7.01
0.70
6.31
13
1
7.01
0.70
6.31
14
1
7.01
0.70
6.31
15
1
7.01
0.70
6.31
16
1
7.01
0.70
6.31
17
1
7.01
0.70
6.31
18
1
7.01
0.70
6.31
19
1
7.01
0.70
6.31
20
1
7.01
0.70
6.31
Unit
Rs Lakh
Rs/kWh
Year--->
1
168.39
3.29
2
217.62
3.45
3
228.50
3.62
4
239.92
3.80
5
251.92
3.99
6
264.51
4.19
7
277.74
4.40
8
291.63
4.62
9
306.21
4.85
10
321.52
5.10
11
337.59
5.35
12
354.47
5.62
13
372.20
5.90
14
390.81
6.20
15
410.35
6.51
16
430.86
6.83
17
452.41
7.17
18
475.03
7.53
19
498.78
7.91
20
523.72
8.30
Fixed Cost
Unit
Year--->
1
O&M Expenses
Rs Lakh
25.37
Depreciation
Rs Lakh
27.01
Rs Lakh
40.41
Rs Lakh
15.22
Return on Equity
Rs Lakh
27.80
Total Fixed Cost
Rs Lakh
135.81
Per unit Fixed Cost
Rs/kWh
2.65
Unit
Levellised
1
Variable COG
Rs/kWh
3.29
4.62
O&M expn
Rs/kWh
0.50
0.61
Depreciation
Rs/kWh
0.53
0.39
Int. on term loan
Rs/kWh
0.79
0.34
Rs/kWh
0.38
0.30
RoE
Rs/kWh
0.48
0.54
Total COG
Rs/kWh
6.82
5.94
2
26.82
27.01
36.89
18.62
27.80
137.15
2.17
3
28.36
27.01
33.38
19.37
27.80
135.92
2.16
4
29.98
27.01
29.87
20.17
27.80
134.83
2.14
5
31.69
27.01
26.35
21.01
27.80
133.87
2.12
6
33.50
27.01
22.84
21.90
27.80
133.06
2.11
7
35.42
27.01
19.32
22.84
27.80
132.40
2.10
8
37.45
27.01
15.81
23.83
27.80
131.90
2.09
9
39.59
27.01
12.30
24.88
27.80
131.58
2.09
10
41.85
27.01
8.78
25.98
27.80
131.43
2.08
11
44.25
27.01
5.27
27.27
33.36
137.16
2.17
12
46.78
27.01
1.76
28.49
33.36
137.40
2.18
13
49.45
11.61
0.00
29.47
33.36
123.89
1.96
14
52.28
11.61
0.00
30.91
33.36
128.16
2.03
15
55.27
11.61
0.00
32.42
33.36
132.67
2.10
16
58.44
11.61
0.00
34.02
33.36
137.42
2.18
17
61.78
11.61
0.00
35.69
33.36
142.43
2.26
18
65.31
11.61
0.00
37.45
33.36
147.72
2.34
19
69.05
11.61
0.00
39.29
33.36
153.31
2.43
20
73.00
11.61
0.00
41.23
33.36
159.20
2.52
2
3.45
0.43
0.43
0.58
0.30
0.44
5.62
3
3.62
0.45
0.43
0.53
0.31
0.44
5.78
4
3.80
0.48
0.43
0.47
0.32
0.44
5.94
5
3.99
0.50
0.43
0.42
0.33
0.44
6.12
6
4.19
0.53
0.43
0.36
0.35
0.44
6.30
7
4.40
0.56
0.43
0.31
0.36
0.44
6.50
8
4.62
0.59
0.43
0.25
0.38
0.44
6.72
9
4.85
0.63
0.43
0.19
0.39
0.44
6.94
10
5.10
0.66
0.43
0.14
0.41
0.44
7.18
11
5.35
0.70
0.43
0.08
0.43
0.53
7.53
12
5.62
0.74
0.43
0.03
0.45
0.53
7.80
13
5.90
0.78
0.18
0.00
0.47
0.53
7.87
14
6.20
0.83
0.18
0.00
0.49
0.53
8.23
15
6.51
0.88
0.18
0.00
0.51
0.53
8.61
16
6.83
0.93
0.18
0.00
0.54
0.53
9.01
17
7.17
0.98
0.18
0.00
0.57
0.53
9.43
18
7.53
1.04
0.18
0.00
0.59
0.53
9.87
19
7.91
1.09
0.18
0.00
0.62
0.53
10.34
20
8.30
1.16
0.18
0.00
0.65
0.53
10.83
Units Generation
Installed Capacity
Gross Generation
Net Generation
Vaiable Cost
Biomass Cost
Per unit Var Cost
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
2
0.901
3
0.812
4
0.732
5
0.660
6
0.595
7
0.536
8
0.483
9
0.436
10
0.393
11
0.354
12
0.319
13
0.287
14
0.259
15
0.234
16
0.210
17
0.190
18
0.171
19
0.154
3.29 Rs/Kwh
2.20 Rs/Kwh
5.49 Rs/Kwh
20
0.139
Page102

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.45%
463.336
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0.14
1
2.64%
12.23
2
5.28%
24.46
3
5.28%
24.46
4
5.28%
24.46
5
5.28%
24.46
6
5.28%
24.46
7
5.28%
24.46
8
5.28%
24.46
9
5.28%
24.46
10
5.28%
24.46
11
5.28%
24.46
12
5.28%
24.46
13
5.28%
24.46
14
5.28%
24.46
15
5.28%
24.46
16
5.28%
24.46
17
5.28%
24.46
18
2.88%
13.34
19
0.00%
0.00
20
0.00%
0.00
100.00% 50.00%
50% 45.00%
50%
5%
231.67 208.50
5.00%
4.00%
1.00%
18.53
1.00%
0.80%
0.20%
3.71
0.20%
0.16%
0.04%
0.74
0.04%
0.03%
0.01%
0.15
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
219.44
71.20
2.56
2.78
184.04
59.71
6.31
0.95
-5.93
-1.92
6.31
-0.03
-20.76
-6.73
6.31
-0.11
-23.72
-7.70
6.31
-0.12
-24.32
-7.89
6.31
-0.13
-24.43
-7.93
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-13.34
-4.33
6.31
-0.07
0.00
0.00
6.31
0.00
0.00
0.00
6.31
0.00
1.00
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
(Rs/kWh)
Page103
Annexure-3H
Select State
Others

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
MW
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Debt: Equity
Power Plant Cost
Rs Lacs/MW
463.336
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
324.335
139.001
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
324.335
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
139.001
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20.000%
Yes

%
%
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges

O&M Charges
Maintenance Spare
Biomass Stock
Heat Rate
Months
Months
1
15%
2
Months
%
4
13.50%
Kcal/kwh
Kcal/kwh
4000
4000
Biomass
Base Price
GCV - Biomass
power plant
Rs/T
Kcal/kg
Rs Lacs
%
2653.07
3300
5.00%
25.37
5.72%
Page104

Units Generation
Installed Capacity
Gross Generation
Net Generation
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
MW
MU
MU
MU
Year--->
1
1
5.69
0.57
5.12
2
1
7.01
0.70
6.31
3
1
7.01
0.70
6.31
4
1
7.01
0.70
6.31
5
1
7.01
0.70
6.31
6
1
7.01
0.70
6.31
7
1
7.01
0.70
6.31
8
1
7.01
0.70
6.31
9
1
7.01
0.70
6.31
10
1
7.01
0.70
6.31
11
1
7.01
0.70
6.31
12
1
7.01
0.70
6.31
13
1
7.01
0.70
6.31
14
1
7.01
0.70
6.31
15
1
7.01
0.70
6.31
16
1
7.01
0.70
6.31
17
1
7.01
0.70
6.31
18
1
7.01
0.70
6.31
19
1
7.01
0.70
6.31
20
1
7.01
0.70
6.31
Unit
Rs Lakh
Rs/kWh
Year--->
1
183.11
3.57
2
236.63
3.75
3
248.47
3.94
4
260.89
4.14
5
273.93
4.34
6
287.63
4.56
7
302.01
4.79
8
317.11
5.03
9
332.97
5.28
10
349.62
5.54
11
367.10
5.82
12
385.45
6.11
13
404.72
6.42
14
424.96
6.74
15
446.21
7.07
16
468.52
7.43
17
491.95
7.80
18
516.54
8.19
19
542.37
8.60
20
569.49
9.03
1
25.37
27.01
40.41
16.24
27.80
136.83
2.67
2
26.82
27.01
36.89
19.93
27.80
138.46
2.20
3
28.36
27.01
33.38
20.75
27.80
137.30
2.18
4
29.98
27.01
29.87
21.62
27.80
136.28
2.16
5
31.69
27.01
26.35
22.54
27.80
135.39
2.15
6
33.50
27.01
22.84
23.50
27.80
134.66
2.13
7
35.42
27.01
19.32
24.52
27.80
134.08
2.13
8
37.45
27.01
15.81
25.59
27.80
133.66
2.12
9
39.59
27.01
12.30
26.72
27.80
133.42
2.12
10
41.85
27.01
8.78
27.92
27.80
133.37
2.11
11
44.25
27.01
5.27
29.30
33.36
139.20
2.21
12
46.78
27.01
1.76
30.63
33.36
139.54
2.21
13
49.45
11.61
0.00
31.71
33.36
126.14
2.00
14
52.28
11.61
0.00
33.27
33.36
130.52
2.07
15
55.27
11.61
0.00
34.90
33.36
135.14
2.14
16
58.44
11.61
0.00
36.62
33.36
140.02
2.22
17
61.78
11.61
0.00
38.42
33.36
145.16
2.30
18
65.31
11.61
0.00
40.31
33.36
150.59
2.39
19
69.05
11.61
0.00
42.30
33.36
156.32
2.48
20
73.00
11.61
0.00
44.39
33.36
162.36
2.57
1
3.57
0.50
0.53
0.79
0.32
0.54
6.24
2
3.75
0.43
0.43
0.58
0.32
0.44
5.95
3
3.94
0.45
0.43
0.53
0.33
0.44
6.12
4
4.14
0.48
0.43
0.47
0.34
0.44
6.30
5
4.34
0.50
0.43
0.42
0.36
0.44
6.49
6
4.56
0.53
0.43
0.36
0.37
0.44
6.70
7
4.79
0.56
0.43
0.31
0.39
0.44
6.91
8
5.03
0.59
0.43
0.25
0.41
0.44
7.15
9
5.28
0.63
0.43
0.19
0.42
0.44
7.39
10
5.54
0.66
0.43
0.14
0.44
0.44
7.66
11
5.82
0.70
0.43
0.08
0.46
0.53
8.03
12
6.11
0.74
0.43
0.03
0.49
0.53
8.32
13
6.42
0.78
0.18
0.00
0.50
0.53
8.42
14
6.74
0.83
0.18
0.00
0.53
0.53
8.81
15
7.07
0.88
0.18
0.00
0.55
0.53
9.22
16
7.43
0.93
0.18
0.00
0.58
0.53
9.65
17
7.80
0.98
0.18
0.00
0.61
0.53
10.10
18
8.19
1.04
0.18
0.00
0.64
0.53
10.58
19
8.60
1.09
0.18
0.00
0.67
0.53
11.08
20
9.03
1.16
0.18
0.00
0.70
0.53
11.60
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Per unit Fixed Cost
Rs/kWh
Unit
Levellised
Variable COG
Rs/kWh
5.02
O&M expn
Rs/kWh
0.61
Depreciation
Rs/kWh
0.39
Int. on term loan
Rs/kWh
0.34
Rs/kWh
0.41
RoE
Rs/kWh
0.48
Total COG
Rs/kWh
7.25
Levellised Tariff
Discount Factor
Unit
Year -->
2
0.901
3
0.812
4
0.732
5
0.660
6
0.595
7
0.536
8
0.483
9
0.436
10
0.393
11
0.354
12
0.319
13
0.287
14
0.259
15
0.234
16
0.210
17
0.190
18
0.171
3.57 Rs/Kwh
2.23 Rs/Kwh
5.80 Rs/Kwh
19
0.154
20
0.139
Page105

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.45%
463.336
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0.14
1
2.64%
12.23
2
5.28%
24.46
3
5.28%
24.46
4
5.28%
24.46
5
5.28%
24.46
6
5.28%
24.46
7
5.28%
24.46
8
5.28%
24.46
9
5.28%
24.46
10
5.28%
24.46
11
5.28%
24.46
12
5.28%
24.46
13
5.28%
24.46
14
5.28%
24.46
15
5.28%
24.46
16
5.28%
24.46
17
5.28%
24.46
18
2.88%
13.34
19
0.00%
0.00
20
0.00%
0.00
100.00% 50.00%
50% 45.00%
50%
5%
231.67 208.50
5.00%
4.00%
1.00%
18.53
1.00%
0.80%
0.20%
3.71
0.20%
0.16%
0.04%
0.74
0.04%
0.03%
0.01%
0.15
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
219.44
71.20
2.56
2.78
184.04
59.71
6.31
0.95
-5.93
-1.92
6.31
-0.03
-20.76
-6.73
6.31
-0.11
-23.72
-7.70
6.31
-0.12
-24.32
-7.89
6.31
-0.13
-24.43
-7.93
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-24.46
-7.94
6.31
-0.13
-13.34
-4.33
6.31
-0.07
0.00
0.00
6.31
0.00
0.00
0.00
6.31
0.00
1.00
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
(Rs/kWh)
Page106
Annexure 4A
Select State
AP
Non Fossil Fuel based co-generation Projects

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
MW
%
%
Useful Life
Years
1
8.50%
8.50%
45%
45%
45%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
437.306
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
306.114
131.192
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
306.11
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
131.19
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20%
Yes

%
%
Debt: Equity
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
6

Heat Rate
Months
Months
1
15%
2
Months
%
4
13.50%

Kcal/kwh
Kcal/kwh
Bagasse Price
GCV - Bagasse
Bagasse Price Escalation Factor
Rs/T
Kcal/kg
3600
3600
Biomass
1400.47
2250
5.00%

power plant
Rs. Lacs
%
16.92
5.72%
Page107
Determination of Tariff for non-fossil fuel basd co-generation Projects

Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
MW
MU
MU
MU
Year--->
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Per unit Fixed Cost
Rs/kWh
Unit
Levellised
Variable COG
Rs/kWh
3.44
O&M expn
Rs/kWh
0.70
Depreciation
Rs/kWh
0.63
Int. on term loan
Rs/kWh
0.54
Rs/kWh
0.32
RoE
Rs/kWh
0.77
Total COG
Rs/kWh
6.39
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
3.94
0.34
3.61
2
1
3.94
0.34
3.61
3
1
3.94
0.34
3.61
4
1
3.94
0.34
3.61
5
1
3.94
0.34
3.61
6
1
3.94
0.34
3.61
7
1
3.94
0.34
3.61
8
1
3.94
0.34
3.61
9
1
3.94
0.34
3.61
10
1
3.94
0.34
3.61
11
1
3.94
0.34
3.61
12
1
3.94
0.34
3.61
1
2
3
4
5
6
7
8
9
10
11
12
16.92 17.89 18.91 19.99 21.14 22.35 23.62 24.97 26.40 27.91 29.51 31.20
25.49 25.49 25.49 25.49 25.49 25.49 25.49 25.49 25.49 25.49 25.49 25.49
38.14 34.82 31.50 28.19 24.87 21.56 18.24 14.92 11.61
8.29
4.97
1.66
9.10
9.38
9.69
10.01 10.34 10.71 11.09 11.50 11.93 12.39 12.99 13.51
26.24 26.24 26.24 26.24 26.24 26.24 26.24 26.24 26.24 26.24 31.49 31.49
115.89 113.83 111.83 109.92 108.09 106.34 104.69 103.13 101.67 100.32 104.46 103.34
3.21
3.16
3.10
3.05
3.00
2.95
2.90
2.86
2.82
2.78
2.90
2.87
1
2.45
0.47
0.71
1.06
0.25
0.73
5.66
1
1
2
2.57
0.50
0.71
0.97
0.26
0.73
5.73
3
2.70
0.52
0.71
0.87
0.27
0.73
5.80
4
2.83
0.55
0.71
0.78
0.28
0.73
5.88
5
2.98
0.59
0.71
0.69
0.29
0.73
5.97
6
3.13
0.62
0.71
0.60
0.30
0.73
6.07
7
3.28
0.65
0.71
0.51
0.31
0.73
6.18
2
0.901
3
0.812
4
0.732
5
0.660
6
0.595
7
0.536
8
3.45
0.69
0.71
0.41
0.32
0.73
6.31
8
0.483
9
3.62
0.73
0.71
0.32
0.33
0.73
6.44
9
0.436
10
3.80
0.77
0.71
0.23
0.34
0.73
6.58
10
0.393
11
3.99
0.82
0.71
0.14
0.36
0.87
6.89
11
0.354
12
4.19
0.86
0.71
0.05
0.37
0.87
7.05
12
0.319
13
1
3.94
0.34
3.61
14
1
3.94
0.34
3.61
15
1
3.94
0.34
3.61
16
1
3.94
0.34
3.61
17
1
3.94
0.34
3.61
18
1
3.94
0.34
3.61
13
32.98
10.95
0.00
13.75
31.49
89.18
2.47
14
34.87
10.95
0.00
14.40
31.49
91.71
2.54
15
36.86
10.95
0.00
15.09
31.49
94.39
2.62
16
17
18
19
20
38.97 41.20 43.56 46.05 48.68
10.95 10.95 10.95 10.95 10.95
0.00
0.00
0.00
0.00
0.00
15.81 16.57 17.36 18.20 19.08
31.49 31.49 31.49 31.49 31.49
97.22 100.21 103.36 106.69 110.20
2.70
2.78
2.87
2.96
3.06
13
4.40
0.91
0.30
0.00
0.38
0.87
6.87
14
4.62
0.97
0.30
0.00
0.40
0.87
7.16
15
4.85
1.02
0.30
0.00
0.42
0.87
7.47
16
5.09
1.08
0.30
0.00
0.44
0.87
7.79
17
5.35
1.14
0.30
0.00
0.46
0.87
8.12
13
0.287
14
15
0.259 0.234
16
0.210
17
0.190
18
5.61
1.21
0.30
0.00
0.48
0.87
8.48
18
0.171
2.45 Rs/Kwh
2.95 Rs/Kwh
5.40 Rs/Kwh
19
1
3.94
0.34
3.61
19
5.89
1.28
0.30
0.00
0.50
0.87
8.85
19
0.154
20
1
3.94
0.34
3.61
20
6.19
1.35
0.30
0.00
0.53
0.87
9.24
20
0.139
Page108
Determination of Accelerated Depreciation for non-fossil fuel based co-generation project

Depreciation amount
90%
5.28%
80%
20.00%
32.445%
437.306
Years
----------------->
Book Depreciation
Unit
%
1
2.64%
Book Depreciation
Rs Lakh
11.54
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
12.59
0.00
0.00
100.00% 50.00% 5.00% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50% 45.00% 4.00% 0.80% 0.16% 0.03% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50%
5% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
218.65 196.79 17.49
3.50
0.70
0.14
0.03
0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
207.11 173.70
67.20
56.36
1.80
3.61
3.73
1.56
1.00
0.24
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 2.88% 0.00% 0.00%
0.95
-5.60 -19.59 -22.39 -22.95 -23.06 -23.08 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -12.59
-1.82 -6.36 -7.26 -7.45 -7.48 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -4.09
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
-0.05 -0.18 -0.20 -0.21 -0.21 -0.21 -0.21 -0.21 -0.21 -0.21 -0.21 -0.21 -0.21 -0.21 -0.21 -0.11
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
(Rs/kWh)
0.00
0.00
3.61
0.00
0.16
0.15
0.00
0.00
3.61
0.00
Page109
Annexure 4B
Select State
Harayana

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
MW
%
%
Useful Life
Years
1
8.50%
8.50%
53%
53%
53%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
437.306
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
306.114
131.192
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
306.11
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
131.19
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20%
Yes

%
%
Debt: Equity
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
6

Heat Rate
Months
Months
1
15%
2
Months
%
4
13.50%

Kcal/kwh
Kcal/kwh
Bagasse Price
GCV - Bagasse
Rs/T
Kcal/kg
3600
3600
Biomass
1991.94
2250
5.00%

power plant
Rs. Lacs
%
16.92
5.72%
Page110

Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
MW
MU
MU
MU
Year--->
1
1
4.64
0.39
4.25
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Per unit Fixed Cost
Rs/kWh
Unit
Levellised
Variable COG
Rs/kWh
4.89
O&M expn
Rs/kWh
0.59
Depreciation
Rs/kWh
0.54
Int. on term loan
Rs/kWh
0.46
Rs/kWh
0.41
RoE
Rs/kWh
0.65
Total COG
Rs/kWh
7.54
Levellised Tariff
Discount Factor
Unit
Year -->
2
1
4.64
0.39
4.25
1
2
16.92 17.89
25.49 25.49
38.14 34.82
13.22 13.71
26.24 26.24
120.01 118.15
2.83
2.78
1
3.48
0.40
0.60
0.90
0.31
0.62
6.31
3
1
4.64
0.39
4.25
3
18.91
25.49
31.50
14.23
26.24
116.37
2.74
2
3.66
0.42
0.60
0.82
0.32
0.62
6.44
1
1
2
0.901
3
3.84
0.45
0.60
0.74
0.33
0.62
6.58
3
0.812
4
1
4.64
0.39
4.25
5
1
4.64
0.39
4.25
6
1
4.64
0.39
4.25
4
5
6
19.99 21.14 22.35
25.49 25.49 25.49
28.19 24.87 21.56
14.77 15.35 15.96
26.24 26.24 26.24
114.69 113.09 111.60
2.70
2.66
2.63
4
4.03
0.47
0.60
0.66
0.35
0.62
6.73
4
0.732
5
4.23
0.50
0.60
0.59
0.36
0.62
6.90
5
0.660
6
4.45
0.53
0.60
0.51
0.38
0.62
7.07
6
0.595
7
1
4.64
0.39
4.25
7
23.62
25.49
18.24
16.61
26.24
110.20
2.59
7
4.67
0.56
0.60
0.43
0.39
0.62
7.26
7
0.536
8
1
4.64
0.39
4.25
9
1
4.64
0.39
4.25
10
1
4.64
0.39
4.25
8
9
10
24.97 26.40 27.91
25.49 25.49 25.49
14.92 11.61
8.29
17.29 18.01 18.78
26.24 26.24 26.24
108.92 107.76 106.71
2.56
2.54
2.51
8
4.90
0.59
0.60
0.35
0.41
0.62
7.47
8
0.483
9
5.15
0.62
0.60
0.27
0.42
0.62
7.68
9
0.436
10
5.40
0.66
0.60
0.20
0.44
0.62
7.92
10
0.393
11
1
4.64
0.39
4.25
12
1
4.64
0.39
4.25
13
1
4.64
0.39
4.25
14
1
4.64
0.39
4.25
11
29.51
25.49
4.97
19.70
31.49
111.17
2.62
12
31.20
25.49
1.66
20.55
31.49
110.39
2.60
13
32.98
10.95
0.00
21.15
31.49
96.57
2.27
14
15
34.87 36.86
10.95 10.95
0.00
0.00
22.17 23.24
31.49 31.49
99.48 102.55
2.34
2.41
11
5.67
0.69
0.60
0.12
0.46
0.74
8.29
12
5.96
0.73
0.60
0.04
0.48
0.74
8.56
13
6.26
0.78
0.26
0.00
0.50
0.74
8.53
14
6.57
0.82
0.26
0.00
0.52
0.74
8.91
13
0.287
14
15
0.259 0.234
11
0.354
12
0.319
15
1
4.64
0.39
4.25
15
6.90
0.87
0.26
0.00
0.55
0.74
9.31
16
1
4.64
0.39
4.25
16
38.97
10.95
0.00
24.37
31.49
105.79
2.49
16
7.24
0.92
0.26
0.00
0.57
0.74
9.73
16
0.210
17
1
4.64
0.39
4.25
18
1
4.64
0.39
4.25
19
1
4.64
0.39
4.25
20
1
4.64
0.39
4.25
17
18
19
41.20 43.56 46.05
10.95 10.95 10.95
0.00
0.00
0.00
25.56 26.80 28.11
31.49 31.49 31.49
109.20 112.80 116.60
2.57
2.66
2.74
20
48.68
10.95
0.00
29.49
31.49
120.61
2.84
17
7.60
0.97
0.26
0.00
0.60
0.74
10.17
20
8.80
1.15
0.26
0.00
0.69
0.74
11.64
17
0.190
18
7.98
1.03
0.26
0.00
0.63
0.74
10.64
18
0.171
19
8.38
1.08
0.26
0.00
0.66
0.74
11.13
19
0.154
3.48 Rs/Kwh
2.64 Rs/Kwh
6.13 Rs/Kwh
20
0.139
Page111

Depreciation amount
90%
5.28%
80%
20.00%
32.445%
437.306
Years
----------------->
Book Depreciation
Unit
%
1
2.64%
Book Depreciation
Rs Lakh
11.54
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0.20
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 2.88% 0.00% 0.00%
23.09
23.09
23.09 23.09
23.09
23.09 23.09 23.09
23.09
23.09 23.09 23.09
23.09
23.09 23.09
23.09
12.59
0.00
0.00
100.00% 50.00% 5.00% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50% 45.00% 4.00% 0.80% 0.16% 0.03% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50%
5% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
218.65 196.79 17.49
3.50
0.70
0.14
0.03
0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
207.11
67.20
2.12
3.16
173.70
56.36
4.25
1.33
1.00
0.95
-5.60 -19.59 -22.39 -22.95 -23.06 -23.08 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -12.59
-1.82 -6.36 -7.26 -7.45 -7.48 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -4.09
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
-0.04 -0.15 -0.17 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.10
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.00
0.00
4.25
0.00
0.00
0.00
4.25
0.00
0.16
0.15
(Rs/kWh)
Page112
Annexure 4C
Select State
Maharashtra

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
MW
%
%
Useful Life
Years
1
8.50%
8.50%
60%
60%
60%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
437.306
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
306.114
131.192
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
306.11
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
131.19
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20%
Yes

%
%
Debt: Equity
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
6

Heat Rate
Months
Months
1
15%
2
Months
%
4
13.50%

Kcal/kwh
Kcal/kwh
Bagasse Price
GCV - Bagasse
Rs/T
Kcal/kg
3600
3600
Biomass
1963.01
2250
5.00%

power plant
Rs. Lacs
%
16.92
5.72%
Page113

Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
MW
MU
MU
MU
Fixed Cost
Unit
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Per unit Fixed Cost
Rs/kWh
Unit
Variable COG
Rs/kWh
O&M expn
Rs/kWh
Depreciation
Rs/kWh
Int. on term loan
Rs/kWh
Rs/kWh
RoE
Rs/kWh
Total COG
Rs/kWh
Levellised Tariff
Discount Factor
Unit
Year--->
1
1
5.26
0.45
4.81
2
1
5.26
0.45
4.81
3
1
5.26
0.45
4.81
4
1
5.26
0.45
4.81
5
1
5.26
0.45
4.81
6
1
5.26
0.45
4.81
7
1
5.26
0.45
4.81
8
1
5.26
0.45
4.81
9
1
5.26
0.45
4.81
10
1
5.26
0.45
4.81
11
1
5.26
0.45
4.81
12
1
5.26
0.45
4.81
13
1
5.26
0.45
4.81
14
1
5.26
0.45
4.81
15
1
5.26
0.45
4.81
Year--->
1
16.92
25.49
38.14
14.40
26.24
121.19
2.52
2
17.89
25.49
34.82
14.95
26.24
119.39
2.48
3
18.91
25.49
31.50
15.53
26.24
117.68
2.45
4
19.99
25.49
28.19
16.14
26.24
116.05
2.41
5
21.14
25.49
24.87
16.79
26.24
114.53
2.38
6
22.35
25.49
21.56
17.47
26.24
113.10
2.35
7
23.62
25.49
18.24
18.19
26.24
111.79
2.32
8
24.97
25.49
14.92
18.95
26.24
110.59
2.30
9
26.40
25.49
11.61
19.76
26.24
109.50
2.28
10
27.91
25.49
8.29
20.61
26.24
108.55
2.26
11
29.51
25.49
4.97
21.62
31.49
113.09
2.35
12
31.20
25.49
1.66
22.57
31.49
112.41
2.34
13
32.98
10.95
0.00
23.27
31.49
98.69
2.05
14
34.87
10.95
0.00
24.40
31.49
101.71
2.11
15
36.86
10.95
0.00
25.58
31.49
104.89
2.18
Levellised
4.82
0.52
0.47
0.40
0.40
0.57
7.19
1
3.43
0.35
0.53
0.79
0.30
0.55
5.95
2
3.60
0.37
0.53
0.72
0.31
0.55
6.09
3
3.78
0.39
0.53
0.66
0.32
0.55
6.23
4
3.97
0.42
0.53
0.59
0.34
0.55
6.39
5
4.17
0.44
0.53
0.52
0.35
0.55
6.55
6
4.38
0.46
0.53
0.45
0.36
0.55
6.73
7
4.60
0.49
0.53
0.38
0.38
0.55
6.92
8
4.83
0.52
0.53
0.31
0.39
0.55
7.13
9
5.07
0.55
0.53
0.24
0.41
0.55
7.35
10
5.33
0.58
0.53
0.17
0.43
0.55
7.58
11
5.59
0.61
0.53
0.10
0.45
0.65
7.94
12
5.87
0.65
0.53
0.03
0.47
0.65
8.21
13
6.16
0.69
0.23
0.00
0.48
0.65
8.22
14
6.47
0.73
0.23
0.00
0.51
0.65
8.59
15
6.80
0.77
0.23
0.00
0.53
0.65
8.98
16
7.14
0.81
0.23
0.00
0.56
0.65
9.39
17
7.49
0.86
0.23
0.00
0.59
0.65
9.82
13
0.287
14
0.259
15
0.234
16
0.210
17
0.190
Year -->
1
1
2
0.901
3
0.812
4
0.732
5
0.660
6
0.595
7
0.536
8
0.483
9
0.436
10
0.393
11
0.354
12
0.319
16
1
5.26
0.45
4.81
17
1
5.26
0.45
4.81
18
1
5.26
0.45
4.81
16
17
18
38.97 41.20
43.56
10.95 10.95
10.95
0.00
0.00
0.00
26.83 28.14
29.51
31.49 31.49
31.49
108.24 111.78 115.51
2.25
2.32
2.40
18
7.87
0.91
0.23
0.00
0.61
0.65
10.27
18
0.171
19
1
5.26
0.45
4.81
20
1
5.26
0.45
4.81
19
46.05
10.95
0.00
30.96
31.49
119.45
2.48
20
48.68
10.95
0.00
32.47
31.49
123.60
2.57
19
8.26
0.96
0.23
0.00
0.64
0.65
10.74
20
8.67
1.01
0.23
0.00
0.68
0.65
11.24
19
0.154
20
0.139
3.43 Rs/Kwh
2.37 Rs/Kwh
5.80 Rs/Kwh
Page114

Depreciation amount
90%
5.28%
80%
20.00%
32.445%
437.306
Years
----------------->
Book Depreciation
Unit
%
1
2.64%
Book Depreciation
Rs Lakh
11.54
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0.18
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 2.88% 0.00% 0.00%
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09 23.09 23.09 23.09 23.09
12.59
0.00
0.00
100.00% 50.00% 5.00% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50% 45.00% 4.00% 0.80% 0.16% 0.03% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50%
5% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
218.65 196.79 17.49
3.50
0.70
0.14
0.03
0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
207.11
67.20
2.40
2.79
173.70
56.36
4.81
1.17
1.00
0.95
-5.60 -19.59 -22.39 -22.95 -23.06 -23.08 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -12.59
-1.82 -6.36 -7.26 -7.45 -7.48 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -4.09
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
-0.04 -0.13 -0.15 -0.15 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.08
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.00
0.00
4.81
0.00
0.00
0.00
4.81
0.00
0.16
0.15
(Rs/kWh)
Page115
Annexure 4D
Select State
Punjab

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
MW
%
%
Useful Life
Years
1
8.50%
8.50%
53%
53%
53%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
437.306
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
306.114
131.192
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
306.11
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
131.19
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20%
Yes

%
%
Debt: Equity
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
6

Heat Rate
Months
Months
1
15%
2
Months
%
4
13.50%

Kcal/kwh
Kcal/kwh
Bagasse Price
GCV - Bagasse
Rs/T
Kcal/kg
3600
3600
Biomass
1753.00
2250
5.00%

power plant
Rs. Lacs
%
16.92
5.72%
Page116

Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
MW
MU
MU
MU
Year--->
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Per unit Fixed Cost
Rs/kWh
Unit
Levellised
Variable COG
Rs/kWh
4.31
O&M expn
Rs/kWh
0.59
Depreciation
Rs/kWh
0.54
Int. on term loan
Rs/kWh
0.46
Rs/kWh
0.37
RoE
Rs/kWh
0.65
Total COG
Rs/kWh
6.91
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
4.64
0.39
4.25
2
1
4.64
0.39
4.25
3
1
4.64
0.39
4.25
4
1
4.64
0.39
4.25
5
1
4.64
0.39
4.25
6
1
4.64
0.39
4.25
7
1
4.64
0.39
4.25
8
1
4.64
0.39
4.25
9
1
4.64
0.39
4.25
10
1
4.64
0.39
4.25
11
1
4.64
0.39
4.25
12
1
4.64
0.39
4.25
13
1
4.64
0.39
4.25
14
1
4.64
0.39
4.25
1
16.92
25.49
38.14
12.00
26.24
118.79
2.80
2
17.89
25.49
34.82
12.42
26.24
116.86
2.75
3
18.91
25.49
31.50
12.87
26.24
115.02
2.71
4
19.99
25.49
28.19
13.35
26.24
113.27
2.67
5
21.14
25.49
24.87
13.86
26.24
111.60
2.63
6
22.35
25.49
21.56
14.40
26.24
110.03
2.59
7
23.62
25.49
18.24
14.97
26.24
108.56
2.56
8
24.97
25.49
14.92
15.57
26.24
107.20
2.52
9
26.40
25.49
11.61
16.20
26.24
105.95
2.49
10
27.91
25.49
8.29
16.87
26.24
104.81
2.47
11
29.51
25.49
4.97
17.70
31.49
109.17
2.57
12
31.20
25.49
1.66
18.45
31.49
108.29
2.55
13
32.98
10.95
0.00
18.95
31.49
94.37
2.22
14
15
34.87 36.86
10.95 10.95
0.00
0.00
19.86 20.82
31.49 31.49
97.17 100.12
2.29
2.36
1
3.07
0.40
0.60
0.90
0.28
0.62
5.86
2
3.22
0.42
0.60
0.82
0.29
0.62
5.97
3
3.38
0.45
0.60
0.74
0.30
0.62
6.09
4
3.55
0.47
0.60
0.66
0.31
0.62
6.21
5
3.73
0.50
0.60
0.59
0.33
0.62
6.35
6
3.91
0.53
0.60
0.51
0.34
0.62
6.50
7
4.11
0.56
0.60
0.43
0.35
0.62
6.66
8
4.31
0.59
0.60
0.35
0.37
0.62
6.84
9
4.53
0.62
0.60
0.27
0.38
0.62
7.02
10
4.76
0.66
0.60
0.20
0.40
0.62
7.22
11
4.99
0.69
0.60
0.12
0.42
0.74
7.56
12
5.24
0.73
0.60
0.04
0.43
0.74
7.79
13
5.50
0.78
0.26
0.00
0.45
0.74
7.73
14
5.78
0.82
0.26
0.00
0.47
0.74
8.07
15
6.07
0.87
0.26
0.00
0.49
0.74
8.43
16
6.37
0.92
0.26
0.00
0.51
0.74
8.80
17
6.69
0.97
0.26
0.00
0.54
0.74
9.20
13
0.287
14
0.259
15
0.234
16
0.210
17
0.190
1
1
2
0.901
3
0.812
4
0.732
5
0.660
6
0.595
7
0.536
8
0.483
9
0.436
10
0.393
11
0.354
12
0.319
15
1
4.64
0.39
4.25
16
1
4.64
0.39
4.25
16
38.97
10.95
0.00
21.82
31.49
103.24
2.43
17
1
4.64
0.39
4.25
18
1
4.64
0.39
4.25
17
18
41.20 43.56
10.95 10.95
0.00
0.00
22.88 23.99
31.49 31.49
106.52 109.99
2.51
2.59
18
7.03
1.03
0.26
0.00
0.56
0.74
9.62
18
0.171
19
1
4.64
0.39
4.25
20
1
4.64
0.39
4.25
19
46.05
10.95
0.00
25.16
31.49
113.65
2.68
20
48.68
10.95
0.00
26.39
31.49
117.51
2.77
19
7.38
1.08
0.26
0.00
0.59
0.74
10.05
20
7.75
1.15
0.26
0.00
0.62
0.74
10.51
19
0.154
20
0.139
3.07 Rs/Kwh
2.60 Rs/Kwh
5.67 Rs/Kwh
Page117

Depreciation amount
90%
5.28%
80%
20.00%
32.445%
437.306
Years
----------------->
Book Depreciation
Unit
%
1
2.64%
Book Depreciation
Rs Lakh
11.54
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0.20
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 2.88% 0.00% 0.00%
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
12.59
0.00
0.00
100.00% 50.00% 5.00% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50% 45.00% 4.00% 0.80% 0.16% 0.03% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50%
5% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
218.65 196.79 17.49
3.50
0.70
0.14
0.03
0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
207.11
67.20
2.12
3.16
173.70
56.36
4.25
1.33
1.00
0.95
-5.60 -19.59 -22.39 -22.95 -23.06 -23.08 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -12.59
-1.82 -6.36 -7.26 -7.45 -7.48 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -4.09
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
-0.04 -0.15 -0.17 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.10
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.00
0.00
4.25
0.00
0.00
0.00
4.25
0.00
0.16
0.15
(Rs/kWh)
Page118
Annexure 4E
Select State
UP

S. No.
Assumption Head
1 Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
Installed Power Generation Capacity MW
%
%
Useful Life
Years
1
8.50%
8.50%
45%
45%
45%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
437.306
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
306.114
131.192
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
306.11
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
131.19
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20%
Yes

%
%
Debt: Equity
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
6

Heat Rate
Months
Months
1
15%
2
Months
%
4
13.50%

Kcal/kwh
Kcal/kwh
Bagasse Price
GCV - Bagasse
Rs/T
Kcal/kg
3600
3600
Biomass
power plant
Rs. Lacs
%
1562.27
2250
Page119
5.00%
16.92
5.72%

Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
MW
MU
MU
MU
Year--->
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Per unit Fixed Cost
Rs/kWh
Unit
Levellised
3.84
Variable COG
Rs/kWh
O&M expn
Rs/kWh
0.70
Depreciation
Rs/kWh
0.63
Int. on term loan
Rs/kWh
0.54
Rs/kWh
0.35
RoE
Rs/kWh
0.77
Total COG
Rs/kWh
6.82
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
3.94
0.34
3.61
2
1
3.94
0.34
3.61
3
1
3.94
0.34
3.61
4
1
3.94
0.34
3.61
5
1
3.94
0.34
3.61
6
1
3.94
0.34
3.61
7
1
3.94
0.34
3.61
8
1
3.94
0.34
3.61
9
1
3.94
0.34
3.61
10
1
3.94
0.34
3.61
11
1
3.94
0.34
3.61
12
1
3.94
0.34
3.61
1
2
3
4
5
6
7
8
9
10
11
12
16.92 17.89 18.91 19.99 21.14 22.35 23.62 24.97 26.40 27.91 29.51 31.20
25.49 25.49 25.49 25.49 25.49 25.49 25.49 25.49 25.49 25.49 25.49 25.49
38.14 34.82 31.50 28.19 24.87 21.56 18.24 14.92 11.61
8.29
4.97
1.66
9.81
10.12 10.46 10.82 11.20 11.61 12.03 12.49 12.97 13.48 14.14 14.71
26.24 26.24 26.24 26.24 26.24 26.24 26.24 26.24 26.24 26.24 31.49 31.49
116.60 114.57 112.61 110.73 108.94 107.24 105.63 104.12 102.71 101.42 105.61 104.55
3.23
3.18
3.12
3.07
3.02
2.97
2.93
2.89
2.85
2.81
2.93
2.90
1
2.73
0.47
0.71
1.06
0.27
0.73
5.96
1
1
2
2.87
0.50
0.71
0.97
0.28
0.73
6.04
3
3.01
0.52
0.71
0.87
0.29
0.73
6.13
4
3.16
0.55
0.71
0.78
0.30
0.73
6.23
5
3.32
0.59
0.71
0.69
0.31
0.73
6.34
6
3.49
0.62
0.71
0.60
0.32
0.73
6.46
2
0.901
3
0.812
4
0.732
5
0.660
6
0.595
7
3.66
0.65
0.71
0.51
0.33
0.73
6.59
7
0.536
8
3.84
0.69
0.71
0.41
0.35
0.73
6.73
9
4.04
0.73
0.71
0.32
0.36
0.73
6.88
8
0.483
9
0.436
10
4.24
0.77
0.71
0.23
0.37
0.73
7.05
10
0.393
11
4.45
0.82
0.71
0.14
0.39
0.87
7.38
11
0.354
12
4.67
0.86
0.71
0.05
0.41
0.87
7.57
12
0.319
13
1
3.94
0.34
3.61
14
1
3.94
0.34
3.61
15
1
3.94
0.34
3.61
16
1
3.94
0.34
3.61
17
1
3.94
0.34
3.61
18
1
3.94
0.34
3.61
13
32.98
10.95
0.00
15.02
31.49
90.44
2.51
14
34.87
10.95
0.00
15.73
31.49
93.04
2.58
15
36.86
10.95
0.00
16.49
31.49
95.79
2.66
16
17
18
19
20
38.97 41.20 43.56 46.05 48.68
10.95 10.95 10.95 10.95 10.95
0.00
0.00
0.00
0.00
0.00
17.28 18.11 18.98 19.90 20.86
31.49 31.49 31.49 31.49 31.49
98.69 101.75 104.98 108.39 111.98
2.74
2.82
2.91
3.00
3.10
13
4.91
0.91
0.30
0.00
0.42
0.87
7.41
14
5.15
0.97
0.30
0.00
0.44
0.87
7.73
15
5.41
1.02
0.30
0.00
0.46
0.87
8.06
16
5.68
1.08
0.30
0.00
0.48
0.87
8.42
17
5.96
1.14
0.30
0.00
0.50
0.87
8.78
13
0.287
14
15
0.259 0.234
16
0.210
17
0.190
18
6.26
1.21
0.30
0.00
0.53
0.87
9.17
18
0.171
19
1
3.94
0.34
3.61
19
6.57
1.28
0.30
0.00
0.55
0.87
9.58
19
0.154
2.73 Rs/Kwh
2.98 Rs/Kwh
5.71 Rs/Kwh
20
6.90
1.35
0.30
0.00
0.58
0.87
10.01
20
0.139
20
1
3.94
0.34
3.61
Page120

Depreciation amount
90%
5.28%
80%
20.00%
32.445%
437.306
Years
----------------->
Book Depreciation
Unit
%
1
2.64%
Book Depreciation
Rs Lakh
11.54
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
23.09
12.59
0.00
0.00
100.00% 50.00% 5.00% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50% 45.00% 4.00% 0.80% 0.16% 0.03% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50%
5% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
218.65 196.79 17.49
3.50
0.70
0.14
0.03
0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
207.11 173.70
67.20
56.36
1.80
3.61
3.73
1.56
1.00
0.24
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 2.88% 0.00% 0.00%
0.95
-5.60 -19.59 -22.39 -22.95 -23.06 -23.08 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -12.59
-1.82 -6.36 -7.26 -7.45 -7.48 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -4.09
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
3.61
-0.05 -0.18 -0.20 -0.21 -0.21 -0.21 -0.21 -0.21 -0.21 -0.21 -0.21 -0.21 -0.21 -0.21 -0.21 -0.11
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.00
0.00
3.61
0.00
0.00
0.00
3.61
0.00
0.16
0.15
(Rs/kWh)
Page121
Annexure 4F
Select State
TN

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
MW
%
%
Useful Life
Years
1
8.50%
8.50%
60%
60%
60%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
437.306
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
306.114
131.192
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
306.11
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
131.19
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20%
Yes

%
%
Debt: Equity
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
6

Heat Rate
Months
Months
1
15%
2
Months
%
4
13.50%

Kcal/kwh
Kcal/kwh
Bagasse Price
GCV - Bagasse
Rs/T
Kcal/kg
3600
3600
Biomass
1508.69
2250
5.00%

power plant
Rs. Lacs
%
16.92
5.72%
Page122

Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
MW
MU
MU
MU
Year--->
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Per unit Fixed Cost
Rs/kWh
Unit
Levellised
Variable COG
Rs/kWh
3.71
O&M expn
Rs/kWh
0.52
Depreciation
Rs/kWh
0.47
Int. on term loan
Rs/kWh
0.40
Rs/kWh
0.32
RoE
Rs/kWh
0.57
Total COG
Rs/kWh
6.00
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
5.26
0.45
4.81
2
1
5.26
0.45
4.81
1
2
16.92 17.89
25.49 25.49
38.14 34.82
11.76 12.18
26.24 26.24
118.55 116.62
2.47
2.42
1
2.64
0.35
0.53
0.79
0.24
0.55
5.10
2
2.77
0.37
0.53
0.72
0.25
0.55
5.19
1
1
2
0.901
3
1
5.26
0.45
4.81
3
18.91
25.49
31.50
12.62
26.24
114.77
2.39
3
2.91
0.39
0.53
0.66
0.26
0.55
5.29
3
0.812
4
1
5.26
0.45
4.81
5
1
5.26
0.45
4.81
6
1
5.26
0.45
4.81
4
5
6
19.99 21.14 22.35
25.49 25.49 25.49
28.19 24.87 21.56
13.09 13.58 14.10
26.24 26.24 26.24
113.00 111.32 109.74
2.35
2.31
2.28
4
3.05
0.42
0.53
0.59
0.27
0.55
5.40
4
0.732
5
3.21
0.44
0.53
0.52
0.28
0.55
5.52
5
0.660
6
3.37
0.46
0.53
0.45
0.29
0.55
5.65
6
0.595
7
1
5.26
0.45
4.81
7
23.62
25.49
18.24
14.66
26.24
108.25
2.25
7
3.54
0.49
0.53
0.38
0.30
0.55
5.79
7
0.536
8
1
5.26
0.45
4.81
9
1
5.26
0.45
4.81
10
1
5.26
0.45
4.81
8
9
10
24.97 26.40 27.91
25.49 25.49 25.49
14.92 11.61
8.29
15.24 15.86 16.52
26.24 26.24 26.24
106.87 105.60 104.45
2.22
2.20
2.17
8
3.71
0.52
0.53
0.31
0.32
0.55
5.93
8
0.483
9
3.90
0.55
0.53
0.24
0.33
0.55
6.09
9
0.436
10
4.09
0.58
0.53
0.17
0.34
0.55
6.26
10
0.393
11
1
5.26
0.45
4.81
12
1
5.26
0.45
4.81
13
1
5.26
0.45
4.81
14
1
5.26
0.45
4.81
15
1
5.26
0.45
4.81
11
29.51
25.49
4.97
17.33
31.49
108.79
2.26
12
31.20
25.49
1.66
18.06
31.49
107.90
2.24
13
32.98
10.95
0.00
18.53
31.49
93.96
1.95
14
34.87
10.95
0.00
19.42
31.49
96.73
2.01
15
16
36.86 38.97
10.95 10.95
0.00 0.00
20.36 21.34
31.49 31.49
99.66 102.76
2.07 2.14
11
4.30
0.61
0.53
0.10
0.36
0.65
6.56
12
4.51
0.65
0.53
0.03
0.38
0.65
6.76
13
4.74
0.69
0.23
0.00
0.39
0.65
6.69
14
4.97
0.73
0.23
0.00
0.40
0.65
6.99
15
5.22
0.77
0.23
0.00
0.42
0.65
7.30
13
0.287
14
15
0.259 0.234
11
0.354
12
0.319
16
1
5.26
0.45
4.81
17
1
5.26
0.45
4.81
18
1
5.26
0.45
4.81
19
1
5.26
0.45
4.81
17
18
19
41.20 43.56 46.05
10.95 10.95 10.95
0.00
0.00
0.00
22.38 23.46 24.61
31.49 31.49 31.49
106.02 109.46 113.10
2.20
2.28
2.35
16
5.48
0.81
0.23
0.00
0.44
0.65
7.62
17
5.76
0.86
0.23
0.00
0.47
0.65
7.96
16
0.210
17
0.190
18
6.05
0.91
0.23
0.00
0.49
0.65
8.32
19
6.35
0.96
0.23
0.00
0.51
0.65
8.70
18
0.171
2.64 Rs/Kwh
2.29 Rs/Kwh
4.93 Rs/Kwh
20
48.68
10.95
0.00
25.81
31.49
116.93
2.43
20
6.67
1.01
0.23
0.00
0.54
0.65
9.10
20
0.139
19
0.154
20
1
5.26
0.45
4.81
Page123

Depreciation amount
90%
5.28%
80%
20.00%
32.445%
437.306
Years
----------------->
Book Depreciation
Unit
%
1
2.64%
Book Depreciation
Rs Lakh
11.54
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
23.09 23.09
23.09
23.09 23.09
23.09
23.09 23.09
23.09 23.09
23.09
23.09 23.09
23.09
23.09 23.09
12.59
0.00
0.00
100.00% 50.00% 5.00% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50% 45.00% 4.00% 0.80% 0.16% 0.03% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50%
5% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
218.65 196.79 17.49
3.50
0.70
0.14
0.03
0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
207.11 173.70
67.20
56.36
2.40
4.81
2.79
1.17
1.00
0.18
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 2.88% 0.00% 0.00%
0.95
-5.60 -19.59 -22.39 -22.95 -23.06 -23.08 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -12.59
-1.82 -6.36 -7.26 -7.45 -7.48 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -4.09
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
4.81
-0.04 -0.13 -0.15 -0.15 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.08
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.00
0.00
4.81
0.00
0.00
0.00
4.81
0.00
0.16
0.15
(Rs/kWh)
Page124
Annexure 4G
Select State
Others

S. No.
Assumption Head
1 Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
%
%
Useful Life
Years
1
8.50%
8.50%
53%
53%
53%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
437.306
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
306.114
131.192
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
306.11
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
131.19
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20%
Yes

%
%
Debt: Equity
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
6

Heat Rate
Months
Months
1
15%
2
Months
%
4
13.50%

Kcal/kwh
Kcal/kwh
Bagasse Price
GCV - Bagasse
Rs/T
Kcal/kg
3600
3600
Biomass
power plant
Rs. Lacs
%
1696.20
2250
Page125
5.00%
16.92
5.72%

Units Generation
Installed Capacity
Gross Generation
Net Generation
Year--->
Unit
MW
MU
MU
MU
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Per unit Fixed Cost
Rs/kWh
Unit
Levellised
Variable COG
Rs/kWh
4.17
O&M expn
Rs/kWh
0.59
Depreciation
Rs/kWh
0.54
Int. on term loan
Rs/kWh
0.46
Rs/kWh
0.36
RoE
Rs/kWh
0.65
Total COG
Rs/kWh
6.76
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
4.64
0.39
4.25
2
1
4.64
0.39
4.25
1
2
16.92 17.89
25.49 25.49
38.14 34.82
11.70 12.12
26.24 26.24
118.49 116.56
2.79
2.74
1
2.97
0.40
0.60
0.90
0.28
0.62
5.76
2
3.11
0.42
0.60
0.82
0.29
0.62
5.86
1
1
2
0.901
3
1
4.64
0.39
4.25
4
1
4.64
0.39
4.25
5
1
4.64
0.39
4.25
6
1
4.64
0.39
4.25
7
1
4.64
0.39
4.25
3
4
5
6
7
18.91 19.99 21.14 22.35 23.62
25.49 25.49 25.49 25.49 25.49
31.50 28.19 24.87 21.56 18.24
12.55 13.02 13.51 14.03 14.58
26.24 26.24 26.24 26.24 26.24
114.70 112.93 111.25 109.66 108.17
2.70
2.66
2.62
2.58
2.55
3
3.27
0.45
0.60
0.74
0.30
0.62
5.97
3
0.812
4
3.43
0.47
0.60
0.66
0.31
0.62
6.09
4
0.732
5
3.61
0.50
0.60
0.59
0.32
0.62
6.22
6
3.79
0.53
0.60
0.51
0.33
0.62
6.37
5
0.660
6
0.595
7
3.97
0.56
0.60
0.43
0.34
0.62
6.52
7
0.536
8
1
4.64
0.39
4.25
9
1
4.64
0.39
4.25
10
1
4.64
0.39
4.25
8
9
10
24.97 26.40 27.91
25.49 25.49 25.49
14.92 11.61
8.29
15.16 15.77 16.42
26.24 26.24 26.24
106.79 105.52 104.36
2.51
2.48
2.46
8
4.17
0.59
0.60
0.35
0.36
0.62
6.69
8
0.483
9
4.38
0.62
0.60
0.27
0.37
0.62
6.87
9
0.436
10
4.60
0.66
0.60
0.20
0.39
0.62
7.06
10
0.393
11
1
4.64
0.39
4.25
12
1
4.64
0.39
4.25
11
12
29.51 31.20
25.49 25.49
4.97
1.66
17.23 17.95
31.49 31.49
108.69 107.79
2.56
2.54
11
4.83
0.69
0.60
0.12
0.41
0.74
7.39
11
0.354
12
5.07
0.73
0.60
0.04
0.42
0.74
7.61
12
0.319
13
1
4.64
0.39
4.25
14
1
4.64
0.39
4.25
15
1
4.64
0.39
4.25
13
32.98
10.95
0.00
18.42
31.49
93.85
2.21
14
15
16
34.87 36.86 38.97
10.95 10.95 10.95
0.00 0.00 0.00
19.31 20.24 21.22
31.49 31.49 31.49
96.62 99.54 102.63
2.27 2.34 2.42
13
5.33
0.78
0.26
0.00
0.43
0.74
7.54
14
5.59
0.82
0.26
0.00
0.45
0.74
7.87
13
0.287
14
15
0.259 0.234
15
5.87
0.87
0.26
0.00
0.48
0.74
8.22
16
1
4.64
0.39
4.25
17
1
4.64
0.39
4.25
18
1
4.64
0.39
4.25
19
1
4.64
0.39
4.25
17
18
19
41.20 43.56 46.05
10.95 10.95 10.95
0.00
0.00
0.00
22.25 23.33 24.46
31.49 31.49 31.49
105.89 109.32 112.95
2.49
2.57
2.66
16
6.17
0.92
0.26
0.00
0.50
0.74
8.58
17
6.47
0.97
0.26
0.00
0.52
0.74
8.97
18
6.80
1.03
0.26
0.00
0.55
0.74
9.37
19
7.14
1.08
0.26
0.00
0.58
0.74
9.80
16
0.210
17
0.190
18
0.171
19
0.154
2.97 Rs/Kwh
2.59 Rs/Kwh
5.56 Rs/Kwh
20
48.68
10.95
0.00
25.65
31.49
116.78
2.75
20
7.50
1.15
0.26
0.00
0.60
0.74
10.24
20
0.139
20
1
4.64
0.39
4.25
Page126

Depreciation amount
90%
5.28%
80%
20.00%
32.445%
437.306
Years
----------------->
Book Depreciation
Unit
%
1
2.64%
Book Depreciation
Rs Lakh
11.54
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
23.09 23.09
23.09 23.09 23.09 23.09 23.09
23.09 23.09 23.09 23.09 23.09
23.09 23.09
23.09 23.09 12.59
0.00
0.00
100.00% 50.00% 5.00% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50% 45.00% 4.00% 0.80% 0.16% 0.03% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50%
5% 1.00% 0.20% 0.04% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
218.65 196.79 17.49
3.50
0.70
0.14
0.03
0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
207.11 173.70
67.20
56.36
2.12
4.25
3.16
1.33
1.00
0.20
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 5.28% 2.88% 0.00% 0.00%
0.95
-5.60 -19.59 -22.39 -22.95 -23.06 -23.08 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -23.09 -12.59
-1.82 -6.36 -7.26 -7.45 -7.48 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -7.49 -4.09
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
4.25
-0.04 -0.15 -0.17 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.18 -0.10
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.00
0.00
4.25
0.00
0.00
0.00
4.25
0.00
0.16
0.15
(Rs/kWh)
Page127
Annexure 5A
Assumpion for Solar PV Power Projects Parameters

S. No.
1
Assumption
Sub-Head
Head
Sub-Head (2)
Unit
Asumptions
Power Generation
Capacity
Useful Life
MW
%
Years
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
1
19.0%
25
2 Project Cost
Capital Cost/MW
800
25
Debt: Equity
Debt
70%
Equity
30%
Total Debt Amount
Rs Lacs
560.00
Total Equity Amout
Rs Lacs
240.00
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
560.00
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
% p.a
240.00
20.00%
10
24.00%
22.40%
Debt Component
Equity Component
Discount Rate
4
10.95%
Fiscal Assumptions
Income Tax
80 IA benefits
%
%
Yes/No

%
%
32.445%
20.000%
Yes
Depreciation
5.83%
1.54%
12
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Months
%
Months
%
1
15%
2
13.50%

power plant
Rs. Lacs
%
11.63
5.72%
Page128
Determination of Tariff for Solar PV

Units Generation
Unit
Installed Capacity
Gross Generation
MW
MU
Fixed Cost
Unit
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Year--->
Year--->
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
1
1.66
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
11.63
46.64
69.77
4.43
48.00
180.46
12.30
46.64
63.70
4.32
48.00
174.96
13.00
46.64
57.63
4.22
48.00
169.49
13.74
46.64
51.57
4.12
48.00
164.07
14.53
46.64
45.50
4.03
48.00
158.70
15.36
46.64
39.43
3.93
48.00
153.37
16.24
46.64
33.37
3.84
48.00
148.09
17.17
46.64
27.30
3.76
48.00
142.86
18.15
46.64
21.23
3.67
48.00
137.69
19.19
46.64
15.17
3.59
48.00
132.58
20.28
46.64
9.10
3.73
57.60
137.35
21.44
46.64
3.03
3.65
57.60
132.37
22.67
12.33
0.00
2.86
57.60
95.47
23.97
12.33
0.00
2.93
57.60
96.83
25.34
12.33
0.00
3.01
57.60
98.28
26.79
12.33
0.00
3.09
57.60
99.81
28.32
12.33
0.00
3.17
57.60
101.43
29.94
12.33
0.00
3.26
57.60
103.14
31.65
12.33
0.00
3.36
57.60
104.94
33.46
12.33
0.00
3.46
57.60
106.85
35.38
12.33
0.00
3.56
57.60
108.87
37.40
12.33
0.00
3.68
57.60
111.01
39.54
12.33
0.00
3.79
57.60
113.27
41.80
12.33
0.00
3.92
57.60
115.65
44.19
12.33
0.00
4.05
57.60
118.18
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Levellised COG
Unit
Levellised
0.70
0.74
0.78
0.83
0.87
0.92
0.98
1.03
1.09
1.15
1.22
1.29
1.36
1.44
1.52
1.61
1.70
1.80
1.90
2.01
2.13
2.25
2.38
2.51
2.66
2.80
2.80
2.80
2.80
2.80
2.80
2.80
2.80
2.80
2.80
2.80
2.80
0.74
0.74
0.74
0.74
0.74
0.74
0.74
0.74
0.74
0.74
0.74
0.74
0.74
O&M expn
Rs/kWh
1.11
Depreciation
Rs/kWh
2.33
Int. on term loan
Rs/kWh
2.02
4.19
3.83
3.46
3.10
2.73
2.37
2.00
1.64
1.28
0.91
0.55
0.18
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Rs/kWh
0.23
0.27
0.26
0.25
0.25
0.24
0.24
0.23
0.23
0.22
0.22
0.22
0.22
0.17
0.18
0.18
0.19
0.19
0.20
0.20
0.21
0.21
0.22
0.23
0.24
0.24
RoE
Rs/kWh
3.06
2.88
2.88
2.88
2.88
2.88
2.88
2.88
2.88
2.88
2.88
3.46
3.46
3.46
3.46
3.46
3.46
3.46
3.46
3.46
3.46
3.46
3.46
3.46
3.46
3.46
Total COG
Rs/kWh
Levellised
8.75
10.84
10.51
10.18
9.86
9.53
9.21
8.90
8.58
8.27
7.97
8.25
7.95
5.74
5.82
5.90
6.00
6.09
6.20
6.31
6.42
6.54
6.67
6.81
6.95
7.10
0.732
145.60
0.660
145.60
0.595
145.60
0.536
145.60
0.483
145.60
0.436
145.60
0.393
145.60
0.354
145.60
0.319
145.60
0.287
145.60
0.259
145.60
0.234
145.60
0.210
145.60
0.190
145.60
0.171
145.60
0.154
145.60
0.139
145.60
0.125
145.60
0.113
145.60
0.102
145.60
0.092
145.60
0.083
145.60
Discount Factor
Fixed Cost
Levellised Tariff
8.75
8.75
1
145.60
0.901
145.60
0.812
145.60
Rs/Unit
Page129
Determination of Accelerated Depreciation Benefit for Solar PV Power Projects

Depreciation amount
Capital Cost
Years
----------------->
90%
5.28%
80%
20.00%
32.445%
800.0
Unit
Rs Lakh
1
2.64%
21.12
2
5.28%
42.24
3
5.28%
42.24
4
5.28%
42.24
5
5.28%
42.24
6
5.28%
42.24
7
5.28%
42.24
8
5.28%
42.24
9
5.28%
42.24
10
5.28%
42.24
11
5.28%
42.24
12
5.28%
42.24
13
5.28%
42.24
14
5.28%
42.24
15
5.28%
42.24
16
5.28%
42.24
17
5.28%
42.24
18
2.88%
23.04
19
0.00%
0.00
20
0.00%
0.00
21
0.00%
0.00
22
0.00%
0.00
23
0.00%
0.00
24
0.00%
0.00
25
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100.00%
50%
50%
400.00
50.00%
45.00%
5%
360.00
5.00%
4.00%
1.00%
32.00
1.00%
0.80%
0.20%
6.40
0.20%
0.16%
0.04%
1.28
0.04%
0.03%
0.01%
0.26
0.01%
0.01%
0.00%
0.05
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00

Tax Benefit
Energy generation
Discounting Factor
Rs Lakh
Rs Lakh
MU
378.88
122.93
0.83
1.00
317.76
103.10
1.66
0.95
-10.24
-3.32
1.66
0.86
-35.84
-11.63
1.66
0.77
-40.96
-13.29
1.66
0.70
-41.98
-13.62
1.66
0.63
-42.19
-13.69
1.66
0.56
-42.23
-13.70
1.66
0.51
-42.24
-13.70
1.66
0.46
-42.24
-13.70
1.66
0.41
-42.24
-13.70
1.66
0.37
-42.24
-13.70
1.66
0.34
-42.24
-13.70
1.66
0.30
-42.24
-13.70
1.66
0.27
-42.24
-13.70
1.66
0.25
-42.24
-13.70
1.66
0.22
-42.24
-13.70
1.66
0.20
-23.04
-7.48
1.66
0.18
0.00
0.00
1.66
0.16
0.00
0.00
1.66
0.15
0.00
0.00
1.66
0.13
0.00
0.00
1.66
0.12
0.00
0.00
1.66
0.11
0.00
0.00
1.66
0.10
0.00
0.00
1.66
0.09
Book Depreciation
Book Depreciation
Levellised benefit
0.88
Rs/Unit
Page130
Annexure-6A
Assumptions for Solar Thermal Power Projects Parameters

S. No.
Assumption Head
1 Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
1
23.0%
10.0%
25

Auxiliary Consumption Factor
Useful Life
MW
%
%
Years
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
840
360
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
840.00
0
12
13.00%
Equity amount
RoE Period
Discount Rate
Rs Lacs
% p.a
Year
% p.a
%
%
360.00
20.00%
10
24.00%
22.40%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No

%
%
2 Project Cost
Capital Cost/MW
1200.00
3 Sources of Fund
25
Debt: Equity
Debt Component
Equity Component
Fiscal Assumptions
32.445%
20.000%
Yes
Depreciation
5.83%
1.54%
12
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
power plant
Months
%
Months
%
Rs Lacs
%
1
15%
2
13.50%
15.86
5.72%
Page131
Determination
of Tariff Component - (Solar Thermal) 1
Discount Factor
0.901
0.812
0.732
0.660
0.595
0.536
0.483
0.436
Units Generation
Unit
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Installed Capacity
Net Generation
MW
MU
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
1
1.81
Year--->
0.354
0.319
0.287
0.259
0.234
0.210
0.190
0.171
0.154
0.139
0.125
0.113
0.102
0.092
0.083
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
O&M Expenses
Depreciation
Rs Lakh
Rs Lakh
15.86
69.96
16.77
69.96
17.73
69.96
18.74
69.96
19.81
69.96
20.95
69.96
22.14
69.96
23.41
69.96
24.75
69.96
26.16
69.96
27.66
69.96
29.24
69.96
30.92
18.50
32.68
18.50
34.55
18.50
36.53
18.50
38.62
18.50
40.83
18.50
43.17
18.50
45.63
18.50
48.24
18.50
51.00
18.50
53.92
18.50
57.01
18.50
60.27
18.50
Rs Lakh
104.65
95.55
86.45
77.35
68.25
59.15
50.05
40.95
31.85
22.75
13.65
4.55
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Return on Equity
Total Fixed Cost
Rs Lakh
Rs Lakh
Rs Lakh
6.55
72.00
269.02
6.39
72.00
260.67
6.24
72.00
252.37
6.08
72.00
244.13
5.93
72.00
235.96
5.79
72.00
227.84
5.64
72.00
219.80
5.50
72.00
211.82
5.37
72.00
203.93
5.24
72.00
196.11
5.44
86.40
203.11
5.32
86.40
195.47
4.12
86.40
139.94
4.22
86.40
141.80
4.32
86.40
143.78
4.43
86.40
145.86
4.55
86.40
148.07
4.67
86.40
150.40
4.80
86.40
152.86
4.94
86.40
155.47
5.08
86.40
158.22
5.23
86.40
161.13
5.39
86.40
164.21
5.56
86.40
167.47
5.74
86.40
170.91
Fixed Cost
Unit
Year--->
0.393
Levellised COG
Unit
Levellised
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Rs/kWh
1.39
0.87
0.92
0.98
1.03
1.09
1.16
1.22
1.29
1.36
1.44
1.53
1.61
1.70
1.80
1.91
2.01
2.13
2.25
2.38
2.52
2.66
2.81
2.97
3.14
3.32
Depreciation
Rs/kWh
3.21
3.86
3.86
3.86
3.86
3.86
3.86
3.86
3.86
3.86
3.86
3.86
3.86
1.02
1.02
1.02
1.02
1.02
1.02
1.02
1.02
1.02
1.02
1.02
1.02
1.02
Int. on term loan
Rs/kWh
2.78
5.77
5.27
4.77
4.27
3.76
3.26
2.76
2.26
1.76
1.25
0.75
0.25
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Rs/kWh
0.31
0.36
0.35
0.34
0.34
0.33
0.32
0.31
0.30
0.30
0.29
0.30
0.29
0.23
0.23
0.24
0.24
0.25
0.26
0.26
0.27
0.28
0.29
0.30
0.31
0.32
RoE
Total COG
Rs/kWh
Rs/kWh
4.21
3.97
3.97
3.97
3.97
3.97
3.97
3.97
3.97
3.97
3.97
4.76
4.76
4.76
4.76
4.76
4.76
4.76
4.76
4.76
4.76
4.76
4.76
4.76
4.76
4.76
11.90
14.84
14.38
13.92
13.46
13.01
12.56
12.12
11.68
11.25
10.82
11.20
10.78
7.72
7.82
7.93
8.04
8.17
8.29
8.43
8.57
8.73
8.89
9.06
9.24
9.43

O&M expn
Levellised Tariff
11.90
Rs/Unit
Page132
Determination of Accelerated Depreciation Benefit for Solar Thermal Power Projects

Depreciation amount
Capital Cost
Years
----------------->
90%
5.28%
80%
20.00%
32.445%
1200.0
Unit
%
Rs Lakh
1
2.64%
31.68
2
5.28%
63.36
3
5.28%
63.36
4
5.28%
63.36
5
5.28%
63.36
6
5.28%
63.36
7
5.28%
63.36
8
5.28%
63.36
9
5.28%
63.36
10
5.28%
63.36
11
5.28%
63.36
12
5.28%
63.36
13
5.28%
63.36
14
5.28%
63.36
15
5.28%
63.36
16
5.28%
63.36
17
5.28%
63.36
18
2.88%
34.56
19
0.00%
0.00
20
0.00%
0.00
21
0.00%
0.00
22
0.00%
0.00
23
0.00%
0.00
24
0.00%
0.00
25
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100.00%
50.00%
50.00%
600.00
50.00%
45.00%
5.00%
540.00
5.00%
4.00%
1.00%
48.00
1.00%
0.80%
0.20%
9.60
0.20%
0.16%
0.04%
1.92
0.04%
0.03%
0.01%
0.38
0.01%
0.01%
0.00%
0.08
0.00%
0.00%
0.00%
0.02
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00

Tax Benefit
Energy generation
Discounting Factor
Rs Lakh
Rs Lakh
MU
568.32
184.39
0.91
1.00
476.64
154.65
1.81
0.95
-15.36
-4.98
1.81
0.86
-53.76
-17.44
1.81
0.77
-61.44
-19.93
1.81
0.70
-62.98
-20.43
1.81
0.63
-63.28
-20.53
1.81
0.56
-63.34
-20.55
1.81
0.51
-63.36
-20.56
1.81
0.46
-63.36
-20.56
1.81
0.41
-63.36
-20.56
1.81
0.37
-63.36
-20.56
1.81
0.34
-63.36
-20.56
1.81
0.30
-63.36
-20.56
1.81
0.27
-63.36
-20.56
1.81
0.25
-63.36
-20.56
1.81
0.22
-63.36
-20.56
1.81
0.20
-34.56
-11.21
1.81
0.18
0.00
0.00
1.81
0.16
0.00
0.00
1.81
0.15
0.00
0.00
1.81
0.13
0.00
0.00
1.81
0.12
0.00
0.00
1.81
0.11
0.00
0.00
1.81
0.10
0.00
0.00
1.81
0.09
Book Depreciation
Book Depreciation
Levellised benefit
1.21 Rs/Unit
Page133
Annexure-7A
Select State
AP
Assumption for Biomass Gasifier Power Project Parameters

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
2 Project Cost
Capital Cost/MW
Debt: Equity

MW
%
%
Useful Life
Years
Power Plant Cost (before subsidy)
Power Plant Cost (after subsidy)
Rs Lacs/MW
1
10%
10%
85%
85%
85%
20
572.663
422.663
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
295.864
126.799
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
295.86
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
126.80
20.00%
10.00
24.00%
Debt Component
Equity Component

4
22.00%
10.95%
Fiscal Assumptions
Income Tax
80 IA benefits
%
%
Yes/No

%
%
32.445%
20.0%
Yes
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
6 Fuel Related Assumptions
Specific Fuel Consumption
Biomass
Base Price
GCV - Biomass
power plant
Months
Months
1
15%
2
Months
%
4
13.50%
kg/kWh
1.25
Rs/T
Kcal/kg
2480.55
3300
5.00%
Rs Lacs
%
42.29
5.72%
Page134
Determination of Tariff Component: Biomass Gasifier Power Projects

Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
MW
MU
MU
MU
Year--->
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Unit
Levellised
Variable COG
Rs/kWh
4.84
O&M expn
Rs/kWh
0.94
Depreciation
Rs/kWh
0.33
Int. on term loan
Rs/kWh
0.28
Rs/kWh
0.52
RoE
Rs/kWh
0.40
Total COG
Rs/kWh
7.30
Levellised Tariff
Discount Factor
Variable Cost (FY 2013-14)
Unit
Year -->
1
1
7.45
0.74
6.70
2
1
7.45
0.74
6.70
3
1
7.45
0.74
6.70
4
1
7.45
0.74
6.70
5
1
7.45
0.74
6.70
6
1
7.45
0.74
6.70
7
1
7.45
0.74
6.70
8
1
7.45
0.74
6.70
9
1
7.45
0.74
6.70
10
1
7.45
0.74
6.70
11
1
7.45
0.74
6.70
12
1
7.45
0.74
6.70
13
1
7.45
0.74
6.70
14
1
7.45
0.74
6.70
15
1
7.45
0.74
6.70
16
1
7.45
0.74
6.70
17
1
7.45
0.74
6.70
18
1
7.45
0.74
6.70
19
1
7.45
0.74
6.70
20
1
7.45
0.74
6.70
1
42.29
24.64
36.86
25.59
25.36
154.74
2 31
2
44.71
24.64
33.65
26.72
25.36
155.08
2 31
3
47.27
24.64
30.45
27.90
25.36
155.62
2 32
4
49.97
24.64
27.24
29.15
25.36
156.36
2 33
5
52.83
24.64
24.04
30.46
25.36
157.33
2 35
6
55.85
24.64
20.83
31.85
25.36
158.53
2 37
7
59.04
24.64
17.63
33.31
25.36
159.98
2 39
8
62.42
24.64
14.42
34.84
25.36
161.69
2 41
9
65.99
24.64
11.22
36.46
25.36
163.67
2 44
10
69.77
24.64
8.01
38.17
25.36
165.95
2 48
11
73.76
24.64
4.81
40.08
30.43
173.72
2 59
12
77.98
24.64
1.60
41.97
30.43
176.62
2 64
13
82.44
10.59
0.00
43.67
30.43
167.13
2 49
14
87.15
10.59
0.00
45.84
30.43
174.01
2 60
15
92.14
10.59
0.00
48.12
30.43
181.28
2 71
16
97.41
10.59
0.00
50.52
30.43
188.95
2 82
17
102.98
10.59
0.00
53.04
30.43
197.03
2 94
18
108.87
10.59
0.00
55.68
30.43
205.57
3 07
19
115.10
10.59
0.00
58.46
30.43
214.58
3 20
20
121.68
10.59
0.00
61.38
30.43
224.08
3 34
1
3.45
0.63
0.37
0.55
0.38
0.38
5.75
2
3.62
0.67
0.37
0.50
0.40
0.38
5.93
3
3.80
0.71
0.37
0.45
0.42
0.38
6.12
4
3.99
0.75
0.37
0.41
0.43
0.38
6.32
5
4.19
0.79
0.37
0.36
0.45
0.38
6.54
6
4.40
0.83
0.37
0.31
0.48
0.38
6.76
7
4.62
0.88
0.37
0.26
0.50
0.38
7.00
8
4.85
0.93
0.37
0.22
0.52
0.38
7.26
9
5.09
0.98
0.37
0.17
0.54
0.38
7.53
10
5.34
1.04
0.37
0.12
0.57
0.38
7.82
11
5.61
1.10
0.37
0.07
0.60
0.45
8.20
12
5.89
1.16
0.37
0.02
0.63
0.45
8.53
13
6.19
1.23
0.16
0.00
0.65
0.45
8.68
14
6.50
1.30
0.16
0.00
0.68
0.45
9.09
15
6.82
1.37
0.16
0.00
0.72
0.45
9.53
16
7.16
1.45
0.16
0.00
0.75
0.45
9.98
17
7.52
1.54
0.16
0.00
0.79
0.45
10.46
18
7.90
1.62
0.16
0.00
0.83
0.45
10.96
19
8.29
1.72
0.16
0.00
0.87
0.45
11.49
20
8.71
1.82
0.16
0.00
0.92
0.45
12.05
1
1
2
0.90
3
0.81
4
0.73
5
0.66
6
0.59
7
0.54
8
0.48
9
0.44
10
0.39
11
0.35
12
0.32
13
0.29
14
0.26
15
0.23
16
0.21
17
0.19
18
0.17
19
3.45 Rs/Kwh
2.46 Rs/Kwh
5.91 Rs/Kwh
0.15
20
0.14
Page135
Determination of Accelerated Depreciation for Biomass Gasifier Power Project

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.445%
422.663
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0 22
0.12
1
2.64%
11.16
2
5.28%
22.32
3
5.28%
22.32
4
5.28%
22.32
5
5.28%
22.32
6
5.28%
22.32
7
5.28%
22.32
8
5.28%
22.32
9
5.28%
22.32
10
5.28%
22.32
11
5.28%
22.32
12
5.28%
22.32
13
5.28%
22.32
14
5.28%
22.32
15
5.28%
22.32
16
5.28%
22.32
17
5.28%
22.32
18
2.88%
12.17
19
0.00%
0.00
20
0.00%
0.00
100.00% 50.00%
50% 45.00%
50.00% 5.00%
211.33 190.20
5.00%
4.00%
1.00%
16.91
1.00%
0.80%
0.20%
3.38
0.20%
0.16%
0.04%
0.68
0.04%
0.03%
0.01%
0.14
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
200.17
64.95
3.35
1.94
167.88
54.47
6.70
0.81
-5.41
-1.76
6.70
-0.03
-18.94
-6.14
6.70
-0.09
-21.64
-7.02
6.70
-0.10
-22.18
-7.20
6.70
-0.11
-22.29
-7.23
6.70
-0.11
-22.31
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-12.17
-3.95
6.70
-0.06
0.00
0.00
6.70
0.00
0.00
0.00
6.70
0.00
1.00
(Rs/kWh)
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
Page136
Annexure-7B
Select State
Harayana

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
2 Project Cost
Capital Cost/MW
Debt: Equity

MW
%
%
Useful Life
Years
Rs Lacs/MW
1
10%
10%
85%
85%
85%
20
572.663
422.663
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
295.864
126.799
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
295.86
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
126.80
20.00%
10.00
24.00%
Debt Component
Equity Component

4
22.00%
10.95%
Fiscal Assumptions
Income Tax
80 IA benefits
%
%
Yes/No

%
%
32.445%
20.0%
Yes
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
Biomass
Base Price
GCV - Biomass
power plant
Months
Months
1
15%
2
Months
%
4
13.50%
kg/kWh
1.25
Rs/T
Kcal/kg
2823.44
3300
5.00%
Rs Lacs
%
42.29
5.72%
Page137

Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
MW
MU
MU
MU
Year--->
1
1
7.45
0.74
6.70
Fixed Cost
Unit
Year--->
1
O&M Expenses
Rs Lakh
42.29
Depreciation
Rs Lakh
24.64
Rs Lakh
36.86
Rs Lakh
28.53
Return on Equity
Rs Lakh
25.36
Total Fixed Cost
Rs Lakh
157.68
2 35
Unit
Levellised
1
Variable COG
Rs/kWh
3.92
5.51
O&M expn
Rs/kWh
0.63
0.94
Depreciation
Rs/kWh
0.37
0.33
Int. on term loan
Rs/kWh
0.55
0.28
Rs/kWh
0.43
0.58
RoE
Rs/kWh
0.38
0.40
Total COG
Rs/kWh
8.04
6.27
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
2
1
7.45
0.74
6.70
3
1
7.45
0.74
6.70
4
1
7.45
0.74
6.70
5
1
7.45
0.74
6.70
6
1
7.45
0.74
6.70
7
1
7.45
0.74
6.70
8
1
7.45
0.74
6.70
9
1
7.45
0.74
6.70
10
1
7.45
0.74
6.70
11
1
7.45
0.74
6.70
12
1
7.45
0.74
6.70
13
1
7.45
0.74
6.70
14
1
7.45
0.74
6.70
15
1
7.45
0.74
6.70
16
1
7.45
0.74
6.70
17
1
7.45
0.74
6.70
18
1
7.45
0.74
6.70
19
1
7.45
0.74
6.70
20
1
7.45
0.74
6.70
2
44.71
24.64
33.65
29.80
25.36
158.17
2 36
3
47.27
24.64
30.45
31.14
25.36
158.86
2 37
4
49.97
24.64
27.24
32.55
25.36
159.76
2 38
5
52.83
24.64
24.04
34.03
25.36
160.90
2 40
6
55.85
24.64
20.83
35.60
25.36
162.28
2 42
7
59.04
24.64
17.63
37.24
25.36
163.92
2 45
8
62.42
24.64
14.42
38.98
25.36
165.82
2 47
9
65.99
24.64
11.22
40.80
25.36
168.01
2 51
10
69.77
24.64
8.01
42.72
25.36
170.51
2 54
11
73.76
24.64
4.81
44.87
30.43
178.50
2 66
12
77.98
24.64
1.60
46.99
30.43
181.65
2 71
13
82.44
10.59
0.00
48.95
30.43
172.41
2 57
14
87.15
10.59
0.00
51.38
30.43
179.56
2 68
15
92.14
10.59
0.00
53.94
30.43
187.10
2 79
16
97.41
10.59
0.00
56.63
30.43
195.05
2 91
17
102.98
10.59
0.00
59.45
30.43
203.45
3 04
18
108.87
10.59
0.00
62.42
30.43
212.31
3 17
19
115.10
10.59
0.00
65.53
30.43
221.65
3 31
20
121.68
10.59
0.00
68.81
30.43
231.51
3 45
2
4.12
0.67
0.37
0.50
0.44
0.38
6.48
3
4.32
0.71
0.37
0.45
0.46
0.38
6.69
4
4.54
0.75
0.37
0.41
0.49
0.38
6.92
5
4.77
0.79
0.37
0.36
0.51
0.38
7.17
6
5.00
0.83
0.37
0.31
0.53
0.38
7.43
7
5.26
0.88
0.37
0.26
0.56
0.38
7.70
8
5.52
0.93
0.37
0.22
0.58
0.38
7.99
9
5.79
0.98
0.37
0.17
0.61
0.38
8.30
10
6.08
1.04
0.37
0.12
0.64
0.38
8.63
11
6.39
1.10
0.37
0.07
0.67
0.45
9.05
12
6.71
1.16
0.37
0.02
0.70
0.45
9.42
13
7.04
1.23
0.16
0.00
0.73
0.45
9.62
14
7.39
1.30
0.16
0.00
0.77
0.45
10.07
15
7.76
1.37
0.16
0.00
0.80
0.45
10.56
16
8.15
1.45
0.16
0.00
0.84
0.45
11.06
17
8.56
1.54
0.16
0.00
0.89
0.45
11.60
18
8.99
1.62
0.16
0.00
0.93
0.45
12.16
19
9.44
1.72
0.16
0.00
0.98
0.45
12.74
20
9.91
1.82
0.16
0.00
1.03
0.45
13.36
2
0.90
3
0.81
4
0.73
5
0.66
6
0.59
7
0.54
8
0.48
9
0.44
10
0.39
11
0.35
12
0.32
13
0.29
14
0.26
15
0.23
16
0.21
17
0.19
18
0.17
3.92 Rs/Kwh
2.53 Rs/Kwh
6.45 Rs/Kwh
19
0.15
20
0.14
Page138

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.445%
422.663
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0 22
0.12
1
2.64%
11.16
2
5.28%
22.32
3
5.28%
22.32
4
5.28%
22.32
5
5.28%
22.32
6
5.28%
22.32
7
5.28%
22.32
8
5.28%
22.32
9
5.28%
22.32
10
5.28%
22.32
11
5.28%
22.32
12
5.28%
22.32
13
5.28%
22.32
14
5.28%
22.32
15
5.28%
22.32
16
5.28%
22.32
17
5.28%
22.32
18
2.88%
12.17
19
0.00%
0.00
20
0.00%
0.00
100.00% 50.00%
50% 45.00%
50.00% 5.00%
211.33 190.20
5.00%
4.00%
1.00%
16.91
1.00%
0.80%
0.20%
3.38
0.20%
0.16%
0.04%
0.68
0.04%
0.03%
0.01%
0.14
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
200.17
64.95
3.35
1.94
167.88
54.47
6.70
0.81
-5.41
-1.76
6.70
-0.03
-18.94
-6.14
6.70
-0.09
-21.64
-7.02
6.70
-0.10
-22.18
-7.20
6.70
-0.11
-22.29
-7.23
6.70
-0.11
-22.31
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-12.17
-3.95
6.70
-0.06
0.00
0.00
6.70
0.00
0.00
0.00
6.70
0.00
1.00
(Rs/kWh)
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
Page139
Annexure-7C
Select State
Maharashtra

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
2 Project Cost
Capital Cost/MW
Debt: Equity

MW
%
%
Useful Life
Years
Rs Lacs/MW
1
10%
10%
85%
85%
85%
20
572.663
422.663
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
295.864
126.799
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
295.86
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
126.80
20.00%
10.00
24.00%
Debt Component
Equity Component

4
22.00%
10.95%
Fiscal Assumptions
Income Tax
80 IA benefits
%
%
Yes/No

%
%
32.445%
20.0%
Yes
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
Biomass
Base Price
GCV - Biomass
power plant
Months
Months
1
15%
2
Months
%
4
13.50%
kg/kWh
1.25
Rs/T
Kcal/kg
2887.73
3300
5.00%
Rs Lacs
%
42.29
5.72%
Page140

Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
MW
MU
MU
MU
Year--->
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Unit Levellised
Variable COG
Rs/kWh
5.64
O&M expn
Rs/kWh
0.94
Depreciation
Rs/kWh
0.33
Int. on term loan
Rs/kWh
0.28
Rs/kWh
0.59
RoE
Rs/kWh
0.40
Total COG
Rs/kWh
8.17
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
7.45
0.74
6.70
2
1
7.45
0.74
6.70
3
1
7.45
0.74
6.70
4
1
7.45
0.74
6.70
5
1
7.45
0.74
6.70
6
1
7.45
0.74
6.70
7
1
7.45
0.74
6.70
8
1
7.45
0.74
6.70
9
1
7.45
0.74
6.70
10
1
7.45
0.74
6.70
11
1
7.45
0.74
6.70
12
1
7.45
0.74
6.70
13
1
7.45
0.74
6.70
14
1
7.45
0.74
6.70
15
1
7.45
0.74
6.70
16
1
7.45
0.74
6.70
17
1
7.45
0.74
6.70
18
1
7.45
0.74
6.70
19
1
7.45
0.74
6.70
20
1
7.45
0.74
6.70
1
42.29
24.64
36.86
29.08
25.36
158.23
2 36
2
44.71
24.64
33.65
30.38
25.36
158.74
2 37
3
47.27
24.64
30.45
31.75
25.36
159.46
2 38
4
49.97
24.64
27.24
33.19
25.36
160.40
2 39
5
52.83
24.64
24.04
34.70
25.36
161.57
2 41
6
55.85
24.64
20.83
36.30
25.36
162.98
2 43
7
59.04
24.64
17.63
37.98
25.36
164.66
2 46
8
62.42
24.64
14.42
39.75
25.36
166.60
2 49
9
65.99
24.64
11.22
41.62
25.36
168.83
2 52
10
69.77
24.64
8.01
43.58
25.36
171.36
2 56
11
73.76
24.64
4.81
45.76
30.43
179.40
2 68
12
77.98
24.64
1.60
47.94
30.43
182.59
2 72
13
82.44
10.59
0.00
49.94
30.43
173.40
2 59
14
87.15
10.59
0.00
52.42
30.43
180.59
2 69
15
92.14
10.59
0.00
55.03
30.43
188.19
2 81
16
97.41
10.59
0.00
57.77
30.43
196.20
2 93
17
102.98
10.59
0.00
60.65
30.43
204.65
3 05
18
108.87
10.59
0.00
63.68
30.43
213.57
3 19
19
115.10
10.59
0.00
66.86
30.43
222.98
3 33
20
121.68
10.59
0.00
70.20
30.43
232.90
3 48
1
4.01
0.63
0.37
0.55
0.43
0.38
6.37
2
4.21
0.67
0.37
0.50
0.45
0.38
6.58
3
4.42
0.71
0.37
0.45
0.47
0.38
6.80
4
4.64
0.75
0.37
0.41
0.50
0.38
7.04
5
4.88
0.79
0.37
0.36
0.52
0.38
7.29
6
5.12
0.83
0.37
0.31
0.54
0.38
7.55
7
5.37
0.88
0.37
0.26
0.57
0.38
7.83
8
5.64
0.93
0.37
0.22
0.59
0.38
8.13
9
5.93
0.98
0.37
0.17
0.62
0.38
8.44
10
6.22
1.04
0.37
0.12
0.65
0.38
8.78
11
6.53
1.10
0.37
0.07
0.68
0.45
9.21
12
6.86
1.16
0.37
0.02
0.72
0.45
9.58
13
7.20
1.23
0.16
0.00
0.75
0.45
9.79
14
7.56
1.30
0.16
0.00
0.78
0.45
10.26
15
7.94
1.37
0.16
0.00
0.82
0.45
10.75
16
8.34
1.45
0.16
0.00
0.86
0.45
11.27
17
8.75
1.54
0.16
0.00
0.91
0.45
11.81
18
9.19
1.62
0.16
0.00
0.95
0.45
12.38
19
9.65
1.72
0.16
0.00
1.00
0.45
12.98
20
10.13
1.82
0.16
0.00
1.05
0.45
13.61
10
0.39
11
0.35
12
0.32
13
1
1
2
0.90
3
0.81
4
0.73
5
0.66
6
0.59
7
0.54
8
0.48
9
0.44
0.29
14
0.26
15
0.23
16
0.21
17
0.19
18
0.17
19
4.01 Rs/Kwh
2.54 Rs/Kwh
6.55 Rs/Kwh
0.15
20
0.14
Page141

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.445%
422.663
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
200.17
64.95
3.35
1.94
0 22
0.12
1.00
(Rs/kWh)
Discounting Factor
Levellised benefit
1
2.64%
11.16
2
5.28%
22.32
3
5.28%
22.32
4
5.28%
22.32
5
5.28%
22.32
6
5.28%
22.32
7
5.28%
22.32
8
5.28%
22.32
9
5.28%
22.32
10
5.28%
22.32
11
5.28%
22.32
12
5.28%
22.32
13
5.28%
22.32
14
5.28%
22.32
15
5.28%
22.32
16
5.28%
22.32
17
5.28%
22.32
18
2.88%
12.17
19
0.00%
0.00
20
0.00%
0.00
100.00% 50.00%
50% 45.00%
50.00% 5.00%
211.33 190.20
5.00%
4.00%
1.00%
16.91
1.00%
0.80%
0.20%
3.38
0.20%
0.16%
0.04%
0.68
0.04%
0.03%
0.01%
0.14
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
167.88
54.47
6.70
0.81
-5.41
-1.76
6.70
-0.03
-18.94
-6.14
6.70
-0.09
-21.64
-7.02
6.70
-0.10
-22.18
-7.20
6.70
-0.11
-22.29
-7.23
6.70
-0.11
-22.31
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-12.17
-3.95
6.70
-0.06
0.00
0.00
6.70
0.00
0.00
0.00
6.70
0.00
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
Page142
Annexure-7D
Select State
Punjab

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
2 Project Cost
Capital Cost/MW
Debt: Equity

MW
%
%
Useful Life
Years
Rs Lacs/MW
1
10%
10%
85%
85%
85%
20
572.663
422.663
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
295.864
126.799
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
295.86
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
126.80
20.00%
10.00
24.00%
Debt Component
Equity Component

4
22.00%
10.95%
Fiscal Assumptions
Income Tax
80 IA benefits
%
%
Yes/No

%
%
32.445%
20.0%
Yes
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
Biomass
Base Price
GCV - Biomass
power plant
Months
Months
1
15%
2
Months
%
4
13.50%
kg/kWh
1.25
Rs/T
Kcal/kg
2953.09
3300
5.00%
Rs Lacs
%
42.29
5.72%
Page143

Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
MW
MU
MU
MU
Year--->
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Unit Levellised
Variable COG
Rs/kWh
5.76
O&M expn
Rs/kWh
0.94
Depreciation
Rs/kWh
0.33
Int. on term loan
Rs/kWh
0.28
Rs/kWh
0.61
RoE
Rs/kWh
0.40
Total COG
Rs/kWh
8.31
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
7.45
0.74
6.70
2
1
7.45
0.74
6.70
3
1
7.45
0.74
6.70
4
1
7.45
0.74
6.70
5
1
7.45
0.74
6.70
6
1
7.45
0.74
6.70
7
1
7.45
0.74
6.70
8
1
7.45
0.74
6.70
9
1
7.45
0.74
6.70
10
1
7.45
0.74
6.70
11
1
7.45
0.74
6.70
12
1
7.45
0.74
6.70
13
1
7.45
0.74
6.70
14
1
7.45
0.74
6.70
15
1
7.45
0.74
6.70
16
1
7.45
0.74
6.70
17
1
7.45
0.74
6.70
18
1
7.45
0.74
6.70
19
1
7.45
0.74
6.70
20
1
7.45
0.74
6.70
1
42.29
24.64
36.86
29.64
25.36
158.79
2 37
2
44.71
24.64
33.65
30.97
25.36
159.33
2 38
3
47.27
24.64
30.45
32.36
25.36
160.08
2 39
4
49.97
24.64
27.24
33.83
25.36
161.05
2 40
5
52.83
24.64
24.04
35.38
25.36
162.25
2 42
6
55.85
24.64
20.83
37.01
25.36
163.70
2 44
7
59.04
24.64
17.63
38.73
25.36
165.41
2 47
8
62.42
24.64
14.42
40.54
25.36
167.39
2 50
9
65.99
24.64
11.22
42.44
25.36
169.66
2 53
10
69.77
24.64
8.01
44.45
25.36
172.23
2 57
11
73.76
24.64
4.81
46.67
30.43
180.31
2 69
12
77.98
24.64
1.60
48.90
30.43
183.55
2 74
13
82.44
10.59
0.00
50.95
30.43
174.40
2 60
14
87.15
10.59
0.00
53.48
30.43
181.65
2 71
15
92.14
10.59
0.00
56.14
30.43
189.30
2 82
16
97.41
10.59
0.00
58.94
30.43
197.36
2 95
17
102.98
10.59
0.00
61.87
30.43
205.87
3 07
18
108.87
10.59
0.00
64.96
30.43
214.85
3 21
19
115.10
10.59
0.00
68.21
30.43
224.32
3 35
20
121.68
10.59
0.00
71.61
30.43
234.32
3 50
1
4.10
0.63
0.37
0.55
0.44
0.38
6.47
2
4.31
0.67
0.37
0.50
0.46
0.38
6.68
3
4.52
0.71
0.37
0.45
0.48
0.38
6.91
4
4.75
0.75
0.37
0.41
0.50
0.38
7.15
5
4.99
0.79
0.37
0.36
0.53
0.38
7.41
6
5.23
0.83
0.37
0.31
0.55
0.38
7.68
7
5.50
0.88
0.37
0.26
0.58
0.38
7.96
8
5.77
0.93
0.37
0.22
0.60
0.38
8.27
9
6.06
0.98
0.37
0.17
0.63
0.38
8.59
10
6.36
1.04
0.37
0.12
0.66
0.38
8.93
11
6.68
1.10
0.37
0.07
0.70
0.45
9.37
12
7.01
1.16
0.37
0.02
0.73
0.45
9.75
13
7.37
1.23
0.16
0.00
0.76
0.45
9.97
14
7.73
1.30
0.16
0.00
0.80
0.45
10.44
15
8.12
1.37
0.16
0.00
0.84
0.45
10.95
16
8.53
1.45
0.16
0.00
0.88
0.45
11.47
17
8.95
1.54
0.16
0.00
0.92
0.45
12.03
18
9.40
1.62
0.16
0.00
0.97
0.45
12.61
19
9.87
1.72
0.16
0.00
1.02
0.45
13.22
20
10.36
1.82
0.16
0.00
1.07
0.45
13.86
10
0.39
11
0.35
12
0.32
13
1
1
2
0.90
3
0.81
4
0.73
5
0.66
6
0.59
7
0.54
8
0.48
9
0.44
0.29
14
0.26
15
0.23
16
0.21
17
0.19
18
0.17
19
4.10 Rs/Kwh
2.55 Rs/Kwh
6.65 Rs/Kwh
0.15
20
0.14
Page144

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.445%
422.663
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0 22
0.12
1
2.64%
11.16
2
5.28%
22.32
3
5.28%
22.32
4
5.28%
22.32
5
5.28%
22.32
6
5.28%
22.32
7
5.28%
22.32
8
5.28%
22.32
9
5.28%
22.32
10
5.28%
22.32
11
5.28%
22.32
12
5.28%
22.32
13
5.28%
22.32
14
5.28%
22.32
15
5.28%
22.32
16
5.28%
22.32
17
5.28%
22.32
18
2.88%
12.17
19
0.00%
0.00
20
0.00%
0.00
100.00% 50.00%
50% 45.00%
50.00% 5.00%
211.33 190.20
5.00%
4.00%
1.00%
16.91
1.00%
0.80%
0.20%
3.38
0.20%
0.16%
0.04%
0.68
0.04%
0.03%
0.01%
0.14
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
200.17
64.95
3.35
1.94
167.88
54.47
6.70
0.81
-5.41
-1.76
6.70
-0.03
-18.94
-6.14
6.70
-0.09
-21.64
-7.02
6.70
-0.10
-22.18
-7.20
6.70
-0.11
-22.29
-7.23
6.70
-0.11
-22.31
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-12.17
-3.95
6.70
-0.06
0.00
0.00
6.70
0.00
0.00
0.00
6.70
0.00
1.00
(Rs/kWh)
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
Page145
Annexure-7E
Select State
Rajasthan

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
2 Project Cost
Capital Cost/MW
Debt: Equity

MW
%
%
Useful Life
Years
Rs Lacs/MW
1
10%
10%
85%
85%
85%
20
572.663
422.663
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
295.864
126.799
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
295.86
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
126.80
20.00%
10.00
24.00%
Debt Component
Equity Component

4
22.00%
10.95%
Fiscal Assumptions
Income Tax
80 IA benefits
%
%
Yes/No

%
%
32.445%
20.0%
Yes
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
Biomass
Base Price
GCV - Biomass
power plant
Months
Months
1
15%
2
Months
%
4
13.50%
kg/kWh
1.25
Rs/T
Kcal/kg
2464.48
3300
5.00%
Rs Lacs
%
42.29
5.72%
Page146

Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
MW
MU
MU
MU
Year--->
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Unit Levellised
Variable COG
Rs/kWh
4.81
O&M expn
Rs/kWh
0.94
Depreciation
Rs/kWh
0.33
Int. on term loan
Rs/kWh
0.28
Rs/kWh
0.52
RoE
Rs/kWh
0.40
Total COG
Rs/kWh
7.27
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
7.45
0.74
6.70
2
1
7.45
0.74
6.70
3
1
7.45
0.74
6.70
4
1
7.45
0.74
6.70
5
1
7.45
0.74
6.70
6
1
7.45
0.74
6.70
7
1
7.45
0.74
6.70
8
1
7.45
0.74
6.70
9
1
7.45
0.74
6.70
10
1
7.45
0.74
6.70
11
1
7.45
0.74
6.70
12
1
7.45
0.74
6.70
13
1
7.45
0.74
6.70
14
1
7.45
0.74
6.70
15
1
7.45
0.74
6.70
16
1
7.45
0.74
6.70
17
1
7.45
0.74
6.70
18
1
7.45
0.74
6.70
19
1
7.45
0.74
6.70
20
1
7.45
0.74
6.70
1
42.29
24.64
36.86
25.46
25.36
154.61
2 31
2
44.71
24.64
33.65
26.57
25.36
154.94
2 31
3
47.27
24.64
30.45
27.75
25.36
155.46
2 32
4
49.97
24.64
27.24
28.99
25.36
156.20
2 33
5
52.83
24.64
24.04
30.29
25.36
157.16
2 35
6
55.85
24.64
20.83
31.67
25.36
158.36
2 36
7
59.04
24.64
17.63
33.12
25.36
159.79
2 38
8
62.42
24.64
14.42
34.65
25.36
161.49
2 41
9
65.99
24.64
11.22
36.26
25.36
163.47
2 44
10
69.77
24.64
8.01
37.95
25.36
165.73
2 47
11
73.76
24.64
4.81
39.85
30.43
173.49
2 59
12
77.98
24.64
1.60
41.73
30.43
176.39
2 63
13
82.44
10.59
0.00
43.43
30.43
166.88
2 49
14
87.15
10.59
0.00
45.58
30.43
173.75
2 59
15
92.14
10.59
0.00
47.85
30.43
181.01
2 70
16
97.41
10.59
0.00
50.23
30.43
188.66
2 82
17
102.98
10.59
0.00
52.73
30.43
196.73
2 94
18
108.87
10.59
0.00
55.36
30.43
205.25
3 06
19
115.10
10.59
0.00
58.13
30.43
214.25
3 20
20
121.68
10.59
0.00
61.03
30.43
223.73
3 34
1
3.42
0.63
0.37
0.55
0.38
0.38
5.73
2
3.59
0.67
0.37
0.50
0.40
0.38
5.91
3
3.77
0.71
0.37
0.45
0.41
0.38
6.09
4
3.96
0.75
0.37
0.41
0.43
0.38
6.29
5
4.16
0.79
0.37
0.36
0.45
0.38
6.51
6
4.37
0.83
0.37
0.31
0.47
0.38
6.73
7
4.59
0.88
0.37
0.26
0.49
0.38
6.97
8
4.82
0.93
0.37
0.22
0.52
0.38
7.23
9
5.06
0.98
0.37
0.17
0.54
0.38
7.50
10
5.31
1.04
0.37
0.12
0.57
0.38
7.78
11
5.58
1.10
0.37
0.07
0.59
0.45
8.16
12
5.85
1.16
0.37
0.02
0.62
0.45
8.49
13
6.15
1.23
0.16
0.00
0.65
0.45
8.64
14
6.45
1.30
0.16
0.00
0.68
0.45
9.05
15
6.78
1.37
0.16
0.00
0.71
0.45
9.48
16
7.12
1.45
0.16
0.00
0.75
0.45
9.93
17
7.47
1.54
0.16
0.00
0.79
0.45
10.41
18
7.85
1.62
0.16
0.00
0.83
0.45
10.91
19
8.24
1.72
0.16
0.00
0.87
0.45
11.43
20
8.65
1.82
0.16
0.00
0.91
0.45
11.99
12
0.32
13
14
0.26
15
16
0.21
1
1
2
0.90
3
0.81
4
0.73
5
0.66
6
0.59
7
0.54
8
0.48
9
0.44
10
0.39
11
0.35
0.29
0.23
17
0.19
18
0.17
3.42 Rs/Kwh
2.46 Rs/Kwh
5.88 Rs/Kwh
19
0.15
20
0.14
Page147

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.445%
422.663
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0 22
0.12
1
2.64%
11.16
2
5.28%
22.32
3
5.28%
22.32
4
5.28%
22.32
5
5.28%
22.32
6
5.28%
22.32
7
5.28%
22.32
8
5.28%
22.32
9
5.28%
22.32
10
5.28%
22.32
11
5.28%
22.32
12
5.28%
22.32
13
5.28%
22.32
14
5.28%
22.32
15
5.28%
22.32
16
5.28%
22.32
17
5.28%
22.32
18
2.88%
12.17
19
0.00%
0.00
20
0.00%
0.00
100.00% 50.00%
50% 45.00%
50.00% 5.00%
211.33 190.20
5.00%
4.00%
1.00%
16.91
1.00%
0.80%
0.20%
3.38
0.20%
0.16%
0.04%
0.68
0.04%
0.03%
0.01%
0.14
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
200.17
64.95
3.35
1.94
167.88
54.47
6.70
0.81
-5.41
-1.76
6.70
-0.03
-18.94
-6.14
6.70
-0.09
-21.64
-7.02
6.70
-0.10
-22.18
-7.20
6.70
-0.11
-22.29
-7.23
6.70
-0.11
-22.31
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-12.17
-3.95
6.70
-0.06
0.00
0.00
6.70
0.00
0.00
0.00
6.70
0.00
1.00
(Rs/kWh)
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
Page148
Annexure-7F
Select State
UP

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
2 Project Cost
Capital Cost/MW
Debt: Equity

MW
%
%
Useful Life
Years
Rs Lacs/MW
1
10%
10%
85%
85%
85%
20
572.663
422.663
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
295.864
126.799
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
295.86
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
126.80
20.00%
10.00
24.00%
Debt Component
Equity Component

4
22.00%
10.95%
Fiscal Assumptions
Income Tax
80 IA benefits
%
%
Yes/No

%
%
32.445%
20.0%
Yes
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
Biomass
Base Price
GCV - Biomass
power plant
Months
Months
1
15%
2
Months
%
4
13.50%
kg/kWh
1.25
Rs/T
Kcal/kg
2523.41
3300
5.00%
Rs Lacs
%
42.29
5.72%
Page149

Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
MW
MU
MU
MU
Year--->
1
1
7.45
0.74
6.70
Fixed Cost
Unit
Year--->
1
O&M Expenses
Rs Lakh
42.29
Depreciation
Rs Lakh
24.64
Rs Lakh
36.86
Rs Lakh
25.96
Return on Equity
Rs Lakh
25.36
Total Fixed Cost
Rs Lakh
155.11
2 31
Unit Levellised 1
Variable COG
Rs/kWh
4.92
3.50
O&M expn
Rs/kWh
0.63
0.94
Depreciation
Rs/kWh
0.37
0.33
Int. on term loan
Rs/kWh
0.28
0.55
Rs/kWh
0.53
0.39
RoE
Rs/kWh
0.40
0.38
Total COG
Rs/kWh
7.40
5.82
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
2
1
7.45
0.74
6.70
3
1
7.45
0.74
6.70
4
1
7.45
0.74
6.70
5
1
7.45
0.74
6.70
6
1
7.45
0.74
6.70
7
1
7.45
0.74
6.70
8
1
7.45
0.74
6.70
9
1
7.45
0.74
6.70
10
1
7.45
0.74
6.70
11
1
7.45
0.74
6.70
12
1
7.45
0.74
6.70
13
1
7.45
0.74
6.70
14
1
7.45
0.74
6.70
15
1
7.45
0.74
6.70
16
1
7.45
0.74
6.70
17
1
7.45
0.74
6.70
18
1
7.45
0.74
6.70
19
1
7.45
0.74
6.70
20
1
7.45
0.74
6.70
2
44.71
24.64
33.65
27.10
25.36
155.47
2 32
3
47.27
24.64
30.45
28.30
25.36
156.02
2 33
4
49.97
24.64
27.24
29.57
25.36
156.79
2 34
5
52.83
24.64
24.04
30.91
25.36
157.78
2 35
6
55.85
24.64
20.83
32.31
25.36
159.00
2 37
7
59.04
24.64
17.63
33.80
25.36
160.47
2 39
8
62.42
24.64
14.42
35.36
25.36
162.21
2 42
9
65.99
24.64
11.22
37.00
25.36
164.22
2 45
10
69.77
24.64
8.01
38.74
25.36
166.52
2 48
11
73.76
24.64
4.81
40.68
30.43
174.32
2 60
12
77.98
24.64
1.60
42.60
30.43
177.25
2 64
13
82.44
10.59
0.00
44.33
30.43
167.79
2 50
14
87.15
10.59
0.00
46.54
30.43
174.71
2 61
15
92.14
10.59
0.00
48.85
30.43
182.01
2 72
16
97.41
10.59
0.00
51.28
30.43
189.71
2 83
17
102.98
10.59
0.00
53.84
30.43
197.84
2 95
18
108.87
10.59
0.00
56.52
30.43
206.41
3 08
19
115.10
10.59
0.00
59.34
30.43
215.46
3 22
20
121.68
10.59
0.00
62.31
30.43
225.01
3 36
2
3.68
0.67
0.37
0.50
0.40
0.38
6.00
3
3.86
0.71
0.37
0.45
0.42
0.38
6.19
4
4.06
0.75
0.37
0.41
0.44
0.38
6.40
5
4.26
0.79
0.37
0.36
0.46
0.38
6.61
6
4.47
0.83
0.37
0.31
0.48
0.38
6.85
7
4.70
0.88
0.37
0.26
0.50
0.38
7.09
8
4.93
0.93
0.37
0.22
0.53
0.38
7.35
9
5.18
0.98
0.37
0.17
0.55
0.38
7.63
10
5.44
1.04
0.37
0.12
0.58
0.38
7.92
11
5.71
1.10
0.37
0.07
0.61
0.45
8.31
12
5.99
1.16
0.37
0.02
0.64
0.45
8.64
13
6.29
1.23
0.16
0.00
0.66
0.45
8.80
14
6.61
1.30
0.16
0.00
0.69
0.45
9.22
15
6.94
1.37
0.16
0.00
0.73
0.45
9.66
16
7.29
1.45
0.16
0.00
0.77
0.45
10.12
17
7.65
1.54
0.16
0.00
0.80
0.45
10.60
18
8.03
1.62
0.16
0.00
0.84
0.45
11.11
19
8.43
1.72
0.16
0.00
0.89
0.45
11.65
20
8.86
1.82
0.16
0.00
0.93
0.45
12.21
10
0.39
11
0.35
12
0.32
13
14
0.26
15
2
0.90
3
0.81
4
0.73
5
0.66
6
0.59
7
0.54
8
0.48
9
0.44
0.29
0.23
16
0.21
17
0.19
18
0.17
3.50 Rs/Kwh
2.47 Rs/Kwh
5.98 Rs/Kwh
19
0.15
20
0.14
Page150

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.445%
422.663
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0 22
0.12
1
2.64%
11.16
2
5.28%
22.32
3
5.28%
22.32
4
5.28%
22.32
5
5.28%
22.32
6
5.28%
22.32
7
5.28%
22.32
8
5.28%
22.32
9
5.28%
22.32
10
5.28%
22.32
11
5.28%
22.32
12
5.28%
22.32
13
5.28%
22.32
14
5.28%
22.32
15
5.28%
22.32
16
5.28%
22.32
17
5.28%
22.32
18
2.88%
12.17
19
0.00%
0.00
20
0.00%
0.00
100.00% 50.00%
50% 45.00%
50.00% 5.00%
211.33 190.20
5.00%
4.00%
1.00%
16.91
1.00%
0.80%
0.20%
3.38
0.20%
0.16%
0.04%
0.68
0.04%
0.03%
0.01%
0.14
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
200.17
64.95
3.35
1.94
167.88
54.47
6.70
0.81
-5.41
-1.76
6.70
-0.03
-18.94
-6.14
6.70
-0.09
-21.64
-7.02
6.70
-0.10
-22.18
-7.20
6.70
-0.11
-22.29
-7.23
6.70
-0.11
-22.31
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-12.17
-3.95
6.70
-0.06
0.00
0.00
6.70
0.00
0.00
0.00
6.70
0.00
1.00
(Rs/kWh)
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
Page151
Annexure-7G
Select State
TN

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
2 Project Cost
Capital Cost/MW
Debt: Equity

MW
%
%
Useful Life
Years
Rs Lacs/MW
1
10%
10%
85%
85%
85%
20
572.663
422.663
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
295.864
126.799
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
295.86
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
126.80
20.00%
10.00
24.00%
Debt Component
Equity Component

4
22.00%
10.95%
Fiscal Assumptions
Income Tax
80 IA benefits
%
%
Yes/No

%
%
32.445%
20.0%
Yes
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
Biomass
Base Price
GCV - Biomass
power plant
Months
Months
1
15%
2
Months
%
4
13.50%
kg/kWh
1.25
Rs/T
Kcal/kg
2439.83
3300
5.00%
Rs Lacs
%
42.29
5.72%
Page152

Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
MW
MU
MU
MU
Year--->
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Unit Levellised
4.76
Variable COG
Rs/kWh
O&M expn
Rs/kWh
0.94
Depreciation
Rs/kWh
0.33
Int. on term loan
Rs/kWh
0.28
Rs/kWh
0.51
RoE
Rs/kWh
0.40
Total COG
Rs/kWh
7.22
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
7.45
0.74
6.70
2
1
7.45
0.74
6.70
3
1
7.45
0.74
6.70
4
1
7.45
0.74
6.70
5
1
7.45
0.74
6.70
6
1
7.45
0.74
6.70
7
1
7.45
0.74
6.70
8
1
7.45
0.74
6.70
9
1
7.45
0.74
6.70
10
1
7.45
0.74
6.70
11
1
7.45
0.74
6.70
12
1
7.45
0.74
6.70
13
1
7.45
0.74
6.70
14
1
7.45
0.74
6.70
15
1
7.45
0.74
6.70
16
1
7.45
0.74
6.70
17
1
7.45
0.74
6.70
18
1
7.45
0.74
6.70
19
1
7.45
0.74
6.70
20
1
7.45
0.74
6.70
1
42.29
24.64
36.86
25.24
25.36
154.39
2 30
2
44.71
24.64
33.65
26.35
25.36
154.71
2 31
3
47.27
24.64
30.45
27.51
25.36
155.23
2 32
4
49.97
24.64
27.24
28.74
25.36
155.96
2 33
5
52.83
24.64
24.04
30.04
25.36
156.91
2 34
6
55.85
24.64
20.83
31.40
25.36
158.09
2 36
7
59.04
24.64
17.63
32.84
25.36
159.51
2 38
8
62.42
24.64
14.42
34.35
25.36
161.20
2 41
9
65.99
24.64
11.22
35.95
25.36
163.16
2 43
10
69.77
24.64
8.01
37.63
25.36
165.41
2 47
11
73.76
24.64
4.81
39.51
30.43
173.15
2 58
12
77.98
24.64
1.60
41.37
30.43
176.03
2 63
13
82.44
10.59
0.00
43.05
30.43
166.50
2 48
14
87.15
10.59
0.00
45.18
30.43
173.36
2 59
15
92.14
10.59
0.00
47.43
30.43
180.59
2 69
16
97.41
10.59
0.00
49.79
30.43
188.22
2 81
17
102.98
10.59
0.00
52.27
30.43
196.27
2 93
18
108.87
10.59
0.00
54.88
30.43
204.77
3 06
19
115.10
10.59
0.00
57.62
30.43
213.74
3 19
20
121.68
10.59
0.00
60.50
30.43
223.20
3 33
1
3.39
0.63
0.37
0.55
0.38
0.38
5.69
2
3.56
0.67
0.37
0.50
0.39
0.38
5.87
3
3.74
0.71
0.37
0.45
0.41
0.38
6.05
4
3.92
0.75
0.37
0.41
0.43
0.38
6.25
5
4.12
0.79
0.37
0.36
0.45
0.38
6.46
6
4.32
0.83
0.37
0.31
0.47
0.38
6.68
7
4.54
0.88
0.37
0.26
0.49
0.38
6.92
8
4.77
0.93
0.37
0.22
0.51
0.38
7.17
9
5.01
0.98
0.37
0.17
0.54
0.38
7.44
10
5.26
1.04
0.37
0.12
0.56
0.38
7.73
11
5.52
1.10
0.37
0.07
0.59
0.45
8.10
12
5.80
1.16
0.37
0.02
0.62
0.45
8.42
13
6.09
1.23
0.16
0.00
0.64
0.45
8.57
14
6.39
1.30
0.16
0.00
0.67
0.45
8.98
15
6.71
1.37
0.16
0.00
0.71
0.45
9.40
16
7.04
1.45
0.16
0.00
0.74
0.45
9.85
17
7.40
1.54
0.16
0.00
0.78
0.45
10.33
18
7.77
1.62
0.16
0.00
0.82
0.45
10.82
19
8.16
1.72
0.16
0.00
0.86
0.45
11.34
20
8.56
1.82
0.16
0.00
0.90
0.45
11.89
1
1
2
0.90
3
0.81
4
0.73
5
0.66
6
0.59
7
0.54
8
0.48
9
0.44
10
0.39
11
0.35
12
0.32
13
0.29
14
0.26
15
0.23
16
0.21
17
0.19
18
0.17
19
0.15
3.39 Rs/Kwh
2.46 Rs/Kwh
5.85 Rs/Kwh
20
0.14
Page153

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.445%
422.663
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0 22
0.12
1
2.64%
11.16
2
5.28%
22.32
3
5.28%
22.32
4
5.28%
22.32
5
5.28%
22.32
6
5.28%
22.32
7
5.28%
22.32
8
5.28%
22.32
9
5.28%
22.32
10
5.28%
22.32
11
5.28%
22.32
12
5.28%
22.32
13
5.28%
22.32
14
5.28%
22.32
15
5.28%
22.32
16
5.28%
22.32
17
5.28%
22.32
18
2.88%
12.17
19
0.00%
0.00
20
0.00%
0.00
100.00% 50.00%
50% 45.00%
50.00% 5.00%
211.33 190.20
5.00%
4.00%
1.00%
16.91
1.00%
0.80%
0.20%
3.38
0.20%
0.16%
0.04%
0.68
0.04%
0.03%
0.01%
0.14
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
200.17
64.95
3.35
1.94
167.88
54.47
6.70
0.81
-5.41
-1.76
6.70
-0.03
-18.94
-6.14
6.70
-0.09
-21.64
-7.02
6.70
-0.10
-22.18
-7.20
6.70
-0.11
-22.29
-7.23
6.70
-0.11
-22.31
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-12.17
-3.95
6.70
-0.06
0.00
0.00
6.70
0.00
0.00
0.00
6.70
0.00
1.00
(Rs/kWh)
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
Page154
Annexure-7H
Select State
Others

S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
2 Project Cost
Capital Cost/MW
Debt: Equity

MW
%
%
Useful Life
Years
Rs Lacs/MW
1
10%
10%
85%
85%
85%
20
572.663
422.663
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
295.864
126.799
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
295.86
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
126.80
20.00%
10.00
24.00%
Debt Component
Equity Component

4
22.00%
10.95%
Fiscal Assumptions
Income Tax
80 IA benefits
%
%
Yes/No

%
%
32.445%
20.0%
Yes
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
Biomass
Base Price
GCV - Biomass
power plant
Months
Months
1
15%
2
Months
%
4
13.50%
kg/kWh
1.25
Rs/T
Kcal/kg
2653.07
3300
5.00%
Rs Lacs
%
42.29
5.72%
Page155

Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
MW
MU
MU
MU
Year--->
Fixed Cost
Unit
Year--->
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Unit
Levellised
Variable COG
Rs/kWh
5.18
O&M expn
Rs/kWh
0.94
Depreciation
Rs/kWh
0.33
Int. on term loan
Rs/kWh
0.28
Rs/kWh
0.55
RoE
Rs/kWh
0.40
Total COG
Rs/kWh
7.67
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
7.45
0.74
6.70
2
1
7.45
0.74
6.70
3
1
7.45
0.74
6.70
4
1
7.45
0.74
6.70
5
1
7.45
0.74
6.70
6
1
7.45
0.74
6.70
7
1
7.45
0.74
6.70
8
1
7.45
0.74
6.70
9
1
7.45
0.74
6.70
10
1
7.45
0.74
6.70
11
1
7.45
0.74
6.70
12
1
7.45
0.74
6.70
13
1
7.45
0.74
6.70
14
1
7.45
0.74
6.70
15
1
7.45
0.74
6.70
16
1
7.45
0.74
6.70
17
1
7.45
0.74
6.70
18
1
7.45
0.74
6.70
19
1
7.45
0.74
6.70
20
1
7.45
0.74
6.70
1
42.29
24.64
36.86
27.07
25.36
156.22
2 33
2
44.71
24.64
33.65
28.27
25.36
156.63
2 34
3
47.27
24.64
30.45
29.53
25.36
157.25
2 35
4
49.97
24.64
27.24
30.86
25.36
158.07
2 36
5
52.83
24.64
24.04
32.26
25.36
159.13
2 37
6
55.85
24.64
20.83
33.73
25.36
160.42
2 39
7
59.04
24.64
17.63
35.29
25.36
161.96
2 42
8
62.42
24.64
14.42
36.92
25.36
163.77
2 44
9
65.99
24.64
11.22
38.65
25.36
165.86
2 47
10
69.77
24.64
8.01
40.46
25.36
168.24
2 51
11
73.76
24.64
4.81
42.49
30.43
176.13
2 63
12
77.98
24.64
1.60
44.50
30.43
179.15
2 67
13
82.44
10.59
0.00
46.33
30.43
169.78
2 53
14
87.15
10.59
0.00
48.63
30.43
176.80
2 64
15
92.14
10.59
0.00
51.05
30.43
184.21
2 75
16
97.41
10.59
0.00
53.59
30.43
192.02
2 87
17
102.98
10.59
0.00
56.26
30.43
200.26
2 99
18
108.87
10.59
0.00
59.07
30.43
208.96
3 12
19
115.10
10.59
0.00
62.02
30.43
218.14
3 26
20
121.68
10.59
0.00
65.12
30.43
227.82
3 40
1
3.68
0.63
0.37
0.55
0.40
0.38
6.02
2
3.87
0.67
0.37
0.50
0.42
0.38
6.21
3
4.06
0.71
0.37
0.45
0.44
0.38
6.41
4
4.27
0.75
0.37
0.41
0.46
0.38
6.62
5
4.48
0.79
0.37
0.36
0.48
0.38
6.85
6
4.70
0.83
0.37
0.31
0.50
0.38
7.10
7
4.94
0.88
0.37
0.26
0.53
0.38
7.35
8
5.18
0.93
0.37
0.22
0.55
0.38
7.63
9
5.44
0.98
0.37
0.17
0.58
0.38
7.92
10
5.72
1.04
0.37
0.12
0.60
0.38
8.23
11
6.00
1.10
0.37
0.07
0.63
0.45
8.63
12
6.30
1.16
0.37
0.02
0.66
0.45
8.98
13
6.62
1.23
0.16
0.00
0.69
0.45
9.15
14
6.95
1.30
0.16
0.00
0.73
0.45
9.59
15
7.30
1.37
0.16
0.00
0.76
0.45
10.04
16
7.66
1.45
0.16
0.00
0.80
0.45
10.53
17
8.04
1.54
0.16
0.00
0.84
0.45
11.03
18
8.45
1.62
0.16
0.00
0.88
0.45
11.56
19
8.87
1.72
0.16
0.00
0.93
0.45
12.12
20
9.31
1.82
0.16
0.00
0.97
0.45
12.71
1
1
2
0.90
3
0.81
4
0.73
5
0.66
6
0.59
7
0.54
8
0.48
9
0.44
11
0.35
12
0.32
13
0.29
14
0.26
15
0.23
16
0.21
17
0.19
18
0.17
19
0.15
3.68 Rs/Kwh
2.49 Rs/Kwh
6.18 Rs/Kwh
20
0.14
10
0.39
Page156

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.445%
422.663
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
Discounting Factor
Levellised benefit
0 22
0.12
1
2.64%
11.16
2
5.28%
22.32
3
5.28%
22.32
4
5.28%
22.32
5
5.28%
22.32
6
5.28%
22.32
7
5.28%
22.32
8
5.28%
22.32
9
5.28%
22.32
10
5.28%
22.32
11
5.28%
22.32
12
5.28%
22.32
13
5.28%
22.32
14
5.28%
22.32
15
5.28%
22.32
16
5.28%
22.32
17
5.28%
22.32
18
2.88%
12.17
19
0.00%
0.00
20
0.00%
0.00
100.00% 50.00%
50% 45.00%
50.00% 5.00%
211.33 190.20
5.00%
4.00%
1.00%
16.91
1.00%
0.80%
0.20%
3.38
0.20%
0.16%
0.04%
0.68
0.04%
0.03%
0.01%
0.14
0.01%
0.01%
0.00%
0.03
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
200.17
64.95
3.35
1.94
167.88
54.47
6.70
0.81
-5.41
-1.76
6.70
-0.03
-18.94
-6.14
6.70
-0.09
-21.64
-7.02
6.70
-0.10
-22.18
-7.20
6.70
-0.11
-22.29
-7.23
6.70
-0.11
-22.31
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-22.32
-7.24
6.70
-0.11
-12.17
-3.95
6.70
-0.06
0.00
0.00
6.70
0.00
0.00
0.00
6.70
0.00
1.00
(Rs/kWh)
0.95
0.86
0.77
0.70
0.63
0.56
0.51
0.46
0.41
0.37
0.34
0.30
0.27
0.25
0.22
0.20
0.18
0.16
0.15
Page157
Annexure-8A
Assumption for Biogas Based Power Project Parameters

S. No.
Assumption Head
1 Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
2 Project Cost
Capital Cost/MW
Debt: Equity

PLF
%
Useful Life
Years
Rs Lacs/MW
Rs Lacs/MW
1
12%
90%
20
1145.325
845.325
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
591.728
253.598
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
591.73
0
12
13.00%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
%
253.60
20.00%
10.00
24.00%

%
%
22.00%
10.95%
Income Tax
80 IA benefits
%
%
Yes/No
32.445%
20.0%
Yes

%
%
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
5.83%
2.51%
12.00
5 Working Capital
For Fixed Charges

O&M Charges
Maintenance Spare
Biomass Stock
Months
Months
1
15%
2
Months
%
4
13.50%
Rs/T
kg/kWh
1060.80
3
5.00%
Rs Lacs
%
42.29
5.72%
Biomass
Fuel Price
Substrates Price Escalation Factor
power plant
Page158
Determination of Tariff Component: Biogas Based Power Projects

Unit
MW
MU
MU
MU
Year--->
1
1
7.88
0.95
6.94
2
1
7.88
0.95
6.94
3
1
7.88
0.95
6.94
4
1
7.88
0.95
6.94
5
1
7.88
0.95
6.94
6
1
7.88
0.95
6.94
7
1
7.88
0.95
6.94
8
1
7.88
0.95
6.94
9
1
7.88
0.95
6.94
10
1
7.88
0.95
6.94
11
1
7.88
0.95
6.94
12
1
7.88
0.95
6.94
13
1
7.88
0.95
6.94
14
1
7.88
0.95
6.94
15
1
7.88
0.95
6.94
16
1
7.88
0.95
6.94
17
1
7.88
0.95
6.94
18
1
7.88
0.95
6.94
19
1
7.88
0.95
6.94
20
1
7.88
0.95
6.94
Unit
Rs Lakh
Year--->
1
250.90
3 62
2
263.45
3 80
3
276.62
3 99
4
290.45
4 19
5
304.97
4 40
6
320.22
4 62
7
336.23
4 85
8
353.04
5 09
9
370.69
5 34
10
389.23
5 61
11
408.69
5 89
12
429.12
6 19
13
450.58
6 49
14
473.11
6 82
15
496.77
7 16
16
521.60
7 52
17
547.68
7 89
18
575.07
8 29
19
603.82
8 70
20
634.01
9 14
Fixed Cost
Unit
Year--->
1
O&M Expenses
Rs Lakh
42.29
Depreciation
Rs Lakh
49.28
Rs Lakh
73.72
Rs Lakh
23.66
Return on Equity
Rs Lakh
50.72
Total Fixed Cost
Rs Lakh
239.67
Per unit Fixed Cost
Rs/kWh
3.45
Unit
Levellised
1
Variable COG
Rs/kWh
3.62
5.08
O&M expn
Rs/kWh
0.61
0.90
Depreciation
Rs/kWh
0.71
0.64
Int. on term loan
Rs/kWh
1.06
0.54
Rs/kWh
0.34
0.45
RoE
Rs/kWh
0.73
0.77
Total COG
Rs/kWh
8.38
7.07
2
44.71
49.28
67.31
24.51
50.72
236.53
3.41
3
47.27
49.28
60.90
25.42
50.72
233.58
3.37
4
49.97
49.28
54.49
26.37
50.72
230.83
3.33
5
52.83
49.28
48.08
27.39
50.72
228.29
3.29
6
55.85
49.28
41.67
28.46
50.72
225.98
3.26
7
59.04
49.28
35.26
29.59
50.72
223.90
3.23
8
62.42
49.28
28.85
30.79
50.72
222.06
3.20
9
65.99
49.28
22.44
32.06
50.72
220.49
3.18
10
69.77
49.28
16.03
33.40
50.72
219.20
3.16
11
73.76
49.28
9.62
35.05
60.86
228.57
3.29
12
77.98
49.28
3.21
36.55
60.86
227.88
3.28
13
82.44
21.18
0.00
37.56
60.86
202.03
2.91
14
87.15
21.18
0.00
39.37
60.86
208.56
3.01
15
92.14
21.18
0.00
41.28
60.86
215.46
3.11
16
97.41
21.18
0.00
43.29
60.86
222.74
3.21
17
102.98
21.18
0.00
45.40
60.86
230.42
3.32
18
108.87
21.18
0.00
47.61
60.86
238.52
3.44
19
115.10
21.18
0.00
49.94
60.86
247.08
3.56
20
121.68
21.18
0.00
52.39
60.86
256.11
3.69
2
3.80
0.64
0.71
0.97
0.35
0.73
7.21
3
3.99
0.68
0.71
0.88
0.37
0.73
7.35
4
4.19
0.72
0.71
0.79
0.38
0.73
7.51
5
4.40
0.76
0.71
0.69
0.39
0.73
7.69
6
4.62
0.80
0.71
0.60
0.41
0.73
7.87
7
4.85
0.85
0.71
0.51
0.43
0.73
8.07
8
5.09
0.90
0.71
0.42
0.44
0.73
8.29
9
5.34
0.95
0.71
0.32
0.46
0.73
8.52
10
5.61
1.01
0.71
0.23
0.48
0.73
8.77
11
5.89
1.06
0.71
0.14
0.51
0.88
9.19
12
6.19
1.12
0.71
0.05
0.53
0.88
9.47
13
6.49
1.19
0.31
0.00
0.54
0.88
9.41
14
6.82
1.26
0.31
0.00
0.57
0.88
9.83
15
7.16
1.33
0.31
0.00
0.60
0.88
10.27
16
7.52
1.40
0.31
0.00
0.62
0.88
10.73
17
7.89
1.48
0.31
0.00
0.65
0.88
11.22
18
8.29
1.57
0.31
0.00
0.69
0.88
11.73
19
8.70
1.66
0.31
0.00
0.72
0.88
12.26
20
9.14
1.75
0.31
0.00
0.76
0.88
12.83
Units Generation
Installed Capacity
Gross Generation
Net Generation
Vaiable Cost
Biomass Cost
Levellised Tariff
Discount Factor
Unit
Year -->
1
1
2
0.901
3
0.812
4
0.732
5
0.660
6
0.595
7
0.536
8
0.483
9
0.436
10
0.393
11
0.354
12
0.319
13
0.287
14
0.259
15
0.234
16
0.210
17
0.190
18
0.171
19
0.154
3.62 Rs/Kwh
3.30 Rs/Kwh
6.91 Rs/Kwh
20
0.139
Page159

Depreciation amount
Capital Cost
90%
5.28%
80%
20.00%
32.445%
845.325
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh

Tax Benefit
Per unit benefit
Discounting Factor
Levellised benefit
Rs Lakh
Rs Lakh
MU
Rs/Unit
0 43
0.24
1
2.64%
22.32
2
5.28%
44.63
3
5.28%
44.63
4
5.28%
44.63
5
5.28%
44.63
6
5.28%
44.63
7
5.28%
44.63
8
5.28%
44.63
9
5.28%
44.63
10
5.28%
44.63
11
5.28%
44.63
12
5.28%
44.63
13
5.28%
44.63
14
5.28%
44.63
15
5.28%
44.63
16
5.28%
44.63
17
5.28%
44.63
18
2.88%
24.35
19
0.00%
0.00
20
0.00%
0.00
100.00% 50.00%
50% 45.00%
50.00% 5.00%
422.66 380.40
5.00%
4.00%
1.00%
33.81
1.00%
0.80%
0.20%
6.76
0.20%
0.16%
0.04%
1.35
0.04%
0.03%
0.01%
0.27
0.01%
0.01%
0.00%
0.05
0.00%
0.00%
0.00%
0.01
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
0.00%
0.00%
0.00%
0.00
-10.82
-3.51
6.94
-0.05
3.08
-37.87
-12.29
6.94
-0.18
2.78
-43.28
-14.04
6.94
-0.20
2.51
-44.36
-14.39
6.94
-0.21
2.26
-44.58
-14.46
6.94
-0.21
2.04
-44.62
-14.48
6.94
-0.21
1.83
-44.63
-14.48
6.94
-0.21
1.65
-44.63
-14.48
6.94
-0.21
1.49
-44.63
-14.48
6.94
-0.21
1.34
-44.63
-14.48
6.94
-0.21
1.21
-44.63
-14.48
6.94
-0.21
1.09
-44.63
-14.48
6.94
-0.21
0.98
-44.63
-14.48
6.94
-0.21
0.89
-44.63
-14.48
6.94
-0.21
0.80
-44.63
-14.48
6.94
-0.21
0.72
-24.35
-7.90
6.94
-0.11
0.65
0.00
0.00
6.94
0.00
0.59
0.00
0.00
6.94
0.00
0.53
400.35
129.89
3.47
3.74
3.60
335.76
108.94
6.94
1.57
3.42
(Rs/kWh)
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CENTRALELECTRICITYREGULATORYCOMMISSION

Capital cost should be considered at ` 6 Crore/MW as the actual cost of

(d) Nonfossil fuel cogeneration: As per Regulation 55 of RE Tariff Regulations, the

Average Pd(n):175.24 Pd(n1):160.99

Average Pd(n):175.24 Pd(n1):160.99

Average Pd(n):175.24 Pd(n1):160.99

Average Pd(n):175.24 Pd(n1):160.99

Power Plant Cost

Depreciation Rate for first 12 years

Determination of Tariff Component

Levallised tariff corresponding to Useful life

Determination of Accelerated Depreciation for Wind Power Projects

Net Depreciation Benefit

82.50% 61.88% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34%

19.84% 16.86% 14.33% 12.18% 10.35%

Power Plant Cost

Depreciation Rate for first 12 years

Determination of Tariff Component

Levallised tariff corresponding to Useful life

Determination of Accelerated Depreciation for Wind Power Projects

Net Depreciation Benefit

82.50% 61.88% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34%

19.84% 16.86% 14.33% 12.18% 10.35%

Power Plant Cost

Depreciation Rate for first 12 years

Determination of Tariff Component

Levallised tariff corresponding to Useful life

Determination of Accelerated Depreciation for Wind Power Projects

Net Depreciation Benefit

82.50% 61.88% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34%

19.84% 16.86% 14.33% 12.18% 10.35%

Power Plant Cost

Depreciation Rate for first 12 years

Levallised tariff corresponding to Useful life

Determination of Accelerated Depreciation for Wind Power Projects

Net Depreciation Benefit

100.00% 82.50% 61.88% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34%

19.84% 16.86% 14.33% 12.18% 10.35%

Power Plant Cost

Depreciation Rate for first 12 years

Determination of Tariff Component

Levallised tariff corresponding to Useful life

Net Depreciation Benefit

82.50% 61.88% 52.59% 44.70% 38.00% 32.30% 27.45% 23.34%

19.84% 16.86% 14.33% 12.18% 10.35%

Installed Power Generation Capacity

Depreciation Rate for first 12 years

For Fixed Charges

Intrest On Working Capital

Operation & Maintenance

Determination of Tariff Component:

Determination of Accelerated Depreciation

-42.26 -42.26 -42.26 -42.26 -42.26 -42.26 -42.26 -42.26 -23.05

379.08 317.93 -10.25 -35.86 -40.98 -42.01 -42.21 -42.25 -42.26

Tax Benefit Levellised

Installed Power Generation Capacity

Depreciation Rate for first 12 years

For Fixed Charges

Intrest On Working Capital

Operation & Maintenance

Determination of Accelerated Depreciation

-38.42 -38.42 -38.42 -38.42 -38.42 -38.42 -38.42 -38.42 -20.96

-9.31 -32.60 -37.26 -38.19 -38.37 -38.41 -38.42