Tariff Order FY201011

CENTRAL ELECTRICITY REGULATORY COMMISSION
NEW DELHI
Coram
1. Dr. Pramod Deo, Chairperson
2. Shri S.Jayaraman, Member
3. Shri V.S.Verma, Member
Petition No.53/2010 (Suo Motu)
IN THE MATTER OF
Determination of generic levellised generation tariff under Regulation 8 of the
Central Electricity Regulatory Commission (Terms and Conditions for Tariff determination
from Renewable Energy Sources) Regulations, 2009 and Central Electricity Regulatory
Commission (Terms and Conditions for Tariff determination from Renewable Energy
Sources) (First Amendment) Regulations, 2010.
ORDER
1.
In exercise of the powers vested under Section 61 read with Section 178 of the Act
and after previous publication, the Commission has notified the Central Electricity
Regulatory Commission (Terms and Conditions for Tariff determination from
Renewable Energy Sources) Regulations, 2009, (hereinafter referred to as the
RE Regulations). The RE Regulations provide for terms and conditions and the
procedure for determination of tariff of the following categories of renewable
energy generating stations:
(a) Wind Power Project;
(b) Small Hydro Projects;
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(c) Biomass Power Projects;

(d) Non-fossil fuel-based co-generation Plants;
(e) Solar Photo voltaic (PV) and Solar Thermal Power Projects.
2.
The Renewable Energy (RE) Regulations require the Commission to determine

the generic tariff on the basis of the suo motu petition, for the RE technologies for
which norms have been provided in the regulations. Generic Tariff is different from
the project specific tariff for which a project developer has to file petition before
the commission as per the format provided in the RE regulations. Pertinently,
project specific tariff has been envisaged for the new RE technologies and the
technologies which are still at the nascent stage of development, and the
Commission shall determine the project specific tariff for such technologies on a
case to case basis.
3.
Clause (1) of Regulation 8 of the RE Regulations provides that the Commission

shall determine the generic tariff on the basis of suo motu petition at least six
months in 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
16.9.2009 and subsequently issued generic suo-motu tariff order, which was
applicable for the renewable energy projects to be commissioned during first year
of the control period (i.e. FY2009-10). The Commission, in due discharge of the
mandate under Regulation 8(1) of RE Regulations proposes to determine the
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generic tariff of the RE projects for the second year of control period (i.e. FY 201011).
4.
The Commission has made the following provision in regulation 8 through the
CERC (Terms and Conditions for Tariff determination from Renewable Energy
Sources) (First Amendment) Regulations, 2010, as under:
(2) Notwithstanding anything contained in these regulations,

a) the generic tariff determined for Solar PV projects based on the capital cost
and other norms applicable for the year 2010-11 shall also apply for such
projects during the year 2011-12; and
b) the generic tariff determined for Solar thermal projects based on the capital
cost and other norms for the year 2010-11 shall also apply for such projects
during the years 2011-12 and 2012-13,
provided that (i) the Power Purchase Agreements in respect of the Solar PV
projects and Solar thermal projects as mentioned in this clause are signed on or
before 31st March, 2011; and (ii) the entire capacity covered by the Power
Purchase Agreements is commissioned on or before 31st March, 2012 in respect
of Solar PV projects and on or before 31st March, 2013 in respect of Solar thermal
projects.
5.
In pursuance of First Amendment to the RE Tariff Regulations, the Commission,

through this order based on the financial principles and technology specific
parameters, also proposes to determine tariff for FY 2010-11 and FY 2011-12
in case of solar photovoltaic power projects and for FY 2010-11, FY 2011- 12 and
FY 2012- 13 for solar thermal power projects, subject to the condition that power
purchase agreement (PPA) for such Solar PV and Solar thermal power projects
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shall be signed before March 31, 2011 and entire capacity shall be commissioned
on or before March 31, 2012 in case of solar PV projects and on or before March
31, 2013 in case of thermal projects.
6.
The proposed generic levellised generation tariff for various renewable energy
technologies other than solar, for 2010-11 and for solar PV projects for 2010-11
and 2011 12 and for solar thermal projects for 2010-11, 2011-12 and 2012-13
(subject to the conditions stipulated in the first amendment to RE Regulations as
highlighted in the preceding para) are discussed below:
USEFUL LIFE
7.
Sub-clause (y) of clause(1) of Regulation 2 of the RE Regulations defines useful

life in relation to a unit of a generating station (including evacuation system) to
mean the following duration from the date of commercial operation of such
generation facility:
Renewable Energy projects
Wind Energy
Small Hydro
Biomass
Non-fossil fuel co-generation
Solar PV
Solar Thermal
Years
25
35
20
20
25
25
CONTROL PERIOD
8.
Regulation 5 of the RE Regulations provides that the control period for

determination of tariff for renewable energy projects (RE projects) shall be three
years. The first year of the control period was from the date of notification of the RE
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Regulations till 31.3.2010 and the second year of the control period shall by FY
2010-11.The Proviso to the said regulation stipulates that the tariff determined for
the RE projects commissioned during the control period shall continue to be
applicable for the entire duration of the tariff period as specified in Regulation 6 of
the RE Regulations. However, the benchmark cost for Solar PV and Solar thermal
may be reviewed by the Commission annually. Further, as per First Amendment to
RE Regulations, generic tariff determined for solar photovoltaic power projects for
year 2010-11 shall also apply for projects commissioned during 2011-12 also the
generic tariff determined for solar thermal power projects for year 2010-11 shall also
apply for projects commissioned during 2011-12 and 2012-13, subject to the
conditions stipulated in the amendment.
TARIFF PERIOD
9.
In terms of Regulation 6 of the RE Regulations, the tariff period in respect of the

RE projects is as under:
Renewable Energy Projects
Wind Energy
Small Hydro (less than 5MW)
Small Hydro (between 5MW to 25 MW)
Biomass
Solar PV and Solar Thermal
Years
13
35
13
13
13
25
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In terms of clauses (4) and (5) of the said regulation, the tariff period specified
above shall be reckoned from the date of commercial operation of the RE projects
and the tariff determined under the regulations shall be applicable for the duration
of the tariff period.
TARIFF STRUCTURE
10.
Clause (1) of Regulation 9 of the RE Regulations stipulates that the tariff for RE
projects shall be single part tariff consisting of the following fixed cost
components:
(a) Return on equity;
(b) Interest on loan capital;
(c) Depreciation;
(d) Interest on working capital;
(e) Operation and maintenance expenses;
For renewable energy technologies having fuel cost component, like biomass
power projects and non-fossil fuel based cogeneration, single part tariff with two
components, fixed cost component and fuel cost component, is to be determined.
TARIFF DESIGN
11.
In terms of Regulation 10 of the RE Regulations, the tariff design for renewable

energy generating stations is as under:
(1)
The generic tariff shall be determined on levellised basis for the Tariff Period.
Provided that for renewable energy technologies having single part tariff with two
components, tariff shall be determined on levellised basis considering the year of
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commissioning of the project for fixed cost component while the fuel cost
component shall be specified on year of operation basis.
(2)
For the purpose of levellised tariff computation, the discount factor equivalent to
weighted average cost of capital shall be considered.
(3)
Levellisation shall be carried out for the useful life of the Renewable Energy while
tariff shall be specified for the period equivalent to Tariff Period.
LEVELLISED TARIFF
12.
Levellised Tariff is calculated by carrying out levellisation for useful life of each
technology considering the discount factor for time value of money.
Discount Factor
The discount factor considered for this purpose is equal to the weighted average
cost of the capital on the basis of normative debt: equity ratio (70:30) specified in
the Regulations. Considering the normative debt equity ratio and weighted
average of the rates for interest and equity component, the discount factor is
calculated.
Interest Rate considered for the loan component (i.e. 70%) of Capital Cost is
13.39% (as explained later). For equity component (i.e. 30%) rate of Return on
Equity (ROE) for the first ten (10) years is 19% and for 11th year onward till useful
life of the RE project the rate is 24%. Based on these rates, the weighted average
of rate of ROE has been calculated which is around 22% (ranging from 21.5% to
22.5% depending on useful life of RE technologies).
The discount factor derived by this method for each technology is as shown in the
following table:
Page7
Details
Wind
Energy
Small Hydro
Less than
5 MW
(Himachal
Pradesh,
Uttarakha
nd and
North
Eastern
States)
Discount
Rate
(%)
15.97
16.14
Between 5
MW to 25
MW
(Himachal
Pradesh,
Uttarakha
nd and
North
Eastern
States
16.14
Other
States
(below
5 MW
16.14
Biomass
Nonfossil
fuel cogenerati
on
Solar
PV
Solar
Thermal
15.82
15.97
15.97
Other
states
(5 MW
to 25
MW)
16.14
15.82
CAPITAL COST
13.
Regulation 12 of the RE Regulations stipulates that the norms for the capital cost
as specified in the technology specific chapter shall be inclusive of all capital
works like 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 2009-10, for various RE
technologies viz Wind Energy, Small Hydro Power, Biomass Power, Non-Fossil
Fuel based Cogeneration Solar PV and Solar Thermal Projects.
In order to determine the normative capital cost for the remaining years of the
control period, the regulations stipulate the indexation mechanism, for Wind
Energy, Small Hydro Power, Biomass Power and Non-Fossil Fuel based
Cogeneration. However, the Capital Cost norms for Solar PV and Solar Thermal
Power Projects shall be reviewed on annual basis. The indexation mechanism
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shall take into account adjustments in capital cost with the changes in Wholesale
Price Index of Steel and Wholesale Price Index of Electrical Machinery as per
formulation stipulated under the RE Tariff Regulations, which is reproduced below.
CC(n) = P&M(n)* (1+F1+F2+F3)

P&M(n) = P&M(0) * (1+d(n))
d(n) = [a*{(SI(n-1)/SI(0)) 1} + b*{(EI(n-1)/EI(0)) 1}]/(a+b)
Where,
CC (n) = Capital Cost for nth year
P&M (n) = Plant and Machinery Cost for nth year
P&M (0) = Plant and Machinery Cost for the base year
Note: P&M (0) is to be computed by dividing the base capital cost (for the first
year of the control period) by (1+F1+F2+F3). Factors F1, F2, F3 for each RE
technology has been specified separately, as summarized in following table.
d (n)
= Capital Cost escalation factor for year (n) of Control Period
SI (n-1) = Average WPI Steel Index prevalent for calendar year (n-1) of the Control
Period
SI (0)
= Average WPI Steel Index prevalent for calendar year (0) at the beginning
of the Control Period i.e. January 2008 to December 2008

EI (n-1) = Average WPI Electrical Machinery Index prevalent for calendar year (n-1)
of the Control Period
EI(0)
= Average WPI Electrical and Machinery Index prevalent for calendar year
(0) at the beginning of the Control Period i.e. January 2008 to December 2008
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= Constant to be determined by Commission from time to time,

(for weightage to Steel Index)
= Constant to be determined by Commission from time to time,

(for weightage to Electrical Machinery Index)
F1
= Factor for Land and Civil Works
F2
= Factor for Erection and Commissioning
F3
= Factor for IDC and Financing Cost
The default values of the factors for various RE technologies as stipulated under the said
RE Regulations, is summarized in the table below,
Parameters
Wind Energy
Small Hydro
Projects
Biomass
Power
a
b
F1
F2
F3
0.6
0.4
0.08
0.07
0.10
0.6
0.4
0.16
0.10
0.14
0.7
0.3
0.10
0.09
0.14
Non-Fossil
Fuel Based
Cogeneration
0.7
0.3
0.10
0.09
0.14
The Commission has relied on the following sources for relevant information on various
indices:
Source for WPI (electrical & machinery and iron and steel), WPI ( all commodities),
WPI (Price of HSD): Office of Economic Advisor, Ministry of Commerce & Industry
(www.eaindustry.nic.in)
Source for IRC (Average Annual Inflation rate for indexed energy charge
component in case of captive coal mine source): CERC (www.cercind.gov.in)
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Technology specific capital cost of RE projects is discussed hereinunder:
(A) Capital Cost of Wind Energy for FY 2010-11

14.
Wind Power projects located at the wind sites having minimum annual Wind
Power Density(WPD) of 200 Watt/m2 measured at hub height of 50 meters and
using new wind turbine generators are eligible for tariff determination under the
RE Regulations. Regulation 24 provides that the capital cost for wind energy
project shall include wind turbine generator including its auxiliaries, land cost, site
development charges and other civil works, transportation charges, evacuation
cost up to inter-connection point, financing charges and IDC.
The Commission under Regulation 24 (2) has specified the normative capital cost
for wind energy projects as Rs. 515Lakh/MW for FY 2009-10 which shall be linked
to the indexation mechanism specified under Regulation 25 of the RE Tariff
Regulations. In line with the indexation mechanism specified in Regulation 25 of
the RE Regulations, the normative capital cost of the Wind Energy Projects shall
be Rs.467Lakh/MW for FY 2010-11. The detailed computations of the indexation
mechanism and determination of the capital cost for FY 2010-11 thereof, has been
enclosed as Appendix-1 of this Order.
(B) Capital cost of Small Hydro Projects for FY 2010-11

15.
Small Hydro Projects for the purpose of the RE Regulations cover those projects
which are located at the sites approved by the State Nodal Agencies/State
Governments using new plant and machinery and with installed power plant
capacity lower than or equal to 25 MW.
Page11
16.
The Commission under Regulation 28 (1) has specified the normative capital cost
for small hydro projects for FY 2009-10 which shall be linked to the indexation
mechanism specified under Regulation 29 of the RE Regulations.
17.
Region
Project Size
Capital Cost
(FY 2009-10)
(RsLakh/ MW)
Himachal Pradesh, Uttarakhand

and North Eastern States
Below 5 MW
5 MW to 25 MW
700
630
Other States
Below 5 MW
5 MW to 25 MW
550
500
In line with the indexation mechanism, specified in Regulation 29 of the RE Tariff

Regulations, the normative capital cost for FY 2010-11 for Small Hydro Projects
shall be as under,
Region
Project Size
Capital Cost
(FY 2010-11)
(RsLakh/ MW)

Below 5 MW
5 MW to 25 MW
635
571
Other States
Below 5 MW
5 MW to 25 MW
499
454
The detailed computations of the indexation mechanism and the determination of the
capital cost for FY 2010-11 thereof, has been enclosed as Appendix-2 of this Order.
(C) Capital Cost of Biomass based Power Projects for FY 2010-11
18.
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 15% of total fuel consumption on annual basis.
Page12
19.
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 Rs.450 Lakh/MW for FY 2009-10 which shall be linked
to the indexation mechanism specified under Regulation 35 of the RE Tariff
Regulations. In line with the indexation mechanism specified in Regulation 35 of
the RE Regulations, the normative capital cost of the biomass power projects
based on Rankine cycle technology application using water cooled condenser
shall be Rs.403Lakh/MW for FY 2010-11. The detailed calculations of the
indexation mechanism and determination of the capital cost for FY 2010-11
thereof, has been enclosed as Appendix -3 of this Order.
(D) Capital Cost of Non-fossil fuel based Cogeneration Projects for FY 2010-11
20.
Non-fossil based cogeneration has been defined as the process in which more
than one form of energy is produced in a sequential manner by using biomass. As
per Regulation 4(4) of the RE Regulations, a project to qualify as the non-fossil
based co-generation project must be using new plant and machinery with topping
cycle mode of operation which uses the non-fossil fuel input for power generation
and utilizes the thermal energy generated for useful heat applications in other
industrial activities simultaneously, and where the sum of useful power output and
half of useful thermal output is greater than 45% of the plants energy
consumption during the season.
21.
The Commission under Regulation 47 has specified the normative capital cost for
the Non-Fossil Fuel Based Cogeneration Projects as Rs.445 Lakh/MW for FY
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2009-10 which shall be linked to the indexation mechanism specified under

Regulation 48 of the RE Tariff Regulations. In line with the indexation mechanism
specified in Regulation 48 of the RE Regulations, the normative capital cost of the
Non-Fossil Fuel based Cogeneration power projects shall be Rs.398Lakh/MW for
FY 2010-11. The detailed computations of the indexation mechanism and
determination of the capital cost for FY 2010-11 thereof, has been enclosed as
Appendix-4 of this Order.
(E) Capital Cost of Solar PV Projects for FY 2010-11

22.
Solar Photo Voltaic (PV) power projects which directly convert solar energy into
electricity using the crystalline silicon or thin film technology or any other
technology as approved by the Ministry of New and Renewable Energy and are
connected to the grid qualify for the purpose of tariff determination under the RE
Regulations.
23.
As per Regulation 5, the Commission has reviewed vide
the Order dated
25.02.2010 in Petition no. 13/2010 benchmark capital cost for Solar PV power
projects and it shall be Rs.1690 Lakh/MW for the FY 2010-11. Further as per the
first amendment to RE Regulations, the generic tariff determined for solar PV
projects based on the benchmark capital cost and other norms applicable for
2010-11 shall also be applicable for such projects commissioned during 2011-12
subject to the condition that the power purchase agreement (PPA) is signed on or
before 31.03.2011 and entire capacity covered under the PPA is signed on or
before 31.03.2012.
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(F) Solar Thermal Power Project for FY 2010-11

24.
In order to qualify for tariff determination under the RE Regulations, Solar Thermal
Power Project shall be based on concentrated solar power technologies with line
focusing or point focusing as may be approved by the Ministry of New and
Renewable Energy and which uses direct sunlight to generate sufficient heat to
operate a conventional power cycle to generate electricity.
25.
As per Regulation 5, the Commission has reviewed by the Order dated 25.02.2010
in Petition no. 13/2010 benchmark capital cost for Solar Thermal Power projects
and it shall be Rs.1530 Lakh/MW for the FY 2010-11. Further as per the first
amendment to RE Regulations, the generic tariff determined for solar thermal
projects based on the benchmark capital cost and other norms applicable for
2010-11 shall also be applicable for such projects commissioned during 2011-12
2012-13 subject to the condition that the power purchase agreement (PPA) is
signed on or before 31.03.2011 and entire capacity covered under the PPA is
signed on or before 31.03.2013.
26.
The capital cost for the second year (FY 2010-11) of the control period in respect
of the renewable energy power generating stations is summarized as under:

(1) Wind Energy
(2) Small Hydro
(a) Himachal Pradesh, Uttarakhand and North Eastern
States (less than 5 MW)
(b) Himachal Pradesh, Uttarakhand and North Eastern
States (5MW to 25 MW)
(c) Other States (below 5 MW)
Capital Cost Norm

for FY 2010-11
(Rs. Lakh/MW)
467
635
571
499
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(3)
(4)
(5)
(6)
(d) Other States ( 5MW to 25 MW)

Biomass power projects
Non-fossil fuel based co-generation projects
Solar Photovoltaic power projects
Solar Thermal power projects
454
403
398
1690
1530
DEBT-EQUITY RATIO
27.
Clause (1) of Regulation 13 of the RE Regulations provides that the debt-equity

ratio of 70:30 is to be considered for determination of generic tariff based on suo
motu petition.
28.
Based on the debt equity ratio of 70:30, the debt and equity components of the
normative capital cost for determination of tariff for the RE projects have been
worked out as under:
Debt
(Rs Lakh)
Equity
(Rs Lakh)
326.99
140.14
Himachal Pradesh, Uttarakhand and North

Eastern States (below 5 MW)
444.46
190.48
Himachal Pradesh, Uttarakhand and North

Eastern States (5 MW to 25 MW)
400.01
171.43
Other States (below 5 MW)
349.21
149.66
Other States ( 5MW to 25 MW)
317.47
136.06
(3) Biomass
281.78
120.76
(4) Non-fossil fuel co-generation
278.65
119.42
(5) Solar PV
(6) Solar Thermal
1183.00
1071.00
507.00
459.00

(1) Wind Energy (for all zones)
(2) Small Hydro
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RETURN ON EQUITY
29.
Clause (1) of Regulation 16 of the RE Regulations provides that the value base for
the equity shall be 30% of the capital cost for generic tariff determination. Clause
(2) of the said regulation stipulates the normative return on equity as under:
(a) Pre-tax 19% per annum for the first 10 years, and
(b) Pre-tax 24% per annum from the 11th year onwards.
30.
In accordance with the above regulations, return on equity has been worked out in
respect of the RE generating technologies taking the value base of equity as 30%
of the capital cost as under:
Small Hydro
Wind
Energy
Less than
5 MW
(Himachal
Pradesh,
Uttarakha
nd and
North
Eastern
States)
Equity
opening (Rs
in lakh)
140.14
190.48
171.43
149.66
136.06
120.76
119.42
507
459
Return on
Equity for
the first 10
years (%)
19
19
19
19
19
19
19
19
19
24
24
24
24
24
24
24
24
24
22
22.57
22.57
22.57
21.50
21.50
22
22
Details
Return on
Equity after
first
10
years (%)
Weighted
average
rate
on
ROE (%)
Between
5 MW to
25 MW
(Himachal
Pradesh,
Uttarakha
nd and
North
Eastern
States
Other
States
(below 5
MW
Other
states (5
MW to 25
MW)
22.57
Biomass
Nonfossil
fuel cogenerati
on
Solar
PV
Solar
Therm
al
Page17
INTEREST ON LOAN
31.
Clause (1) of Regulation 14 of the RE Regulations provides that the loan tenure of
10 years is to be considered for the purpose of determination of tariff for RE
projects. Clause (2) of the said regulation provides for computation of the rate of
interest on loan as under:
(a) The loans arrived at in the manner indicated above shall be considered as gross
normative loan for calculation for interest on loan. The normative loan outstanding as on
April 1st of every year shall be worked out by deducting the cumulative repayment up to
March 31st of previous year from the gross normative loan.
(b) For the purpose of computation of tariff, the normative interest rate shall be considered
as average long term prime lending rate (LTPLR) of State Bank of India (SBI) prevalent
during the previous year plus 150 basis points.
(c) Notwithstanding any moratorium period availed by the generating company, the
repayment of loan shall be considered from the first year of commercial operation of the
project and shall be equal to the annual depreciation allowed.
32.
In terms of the above, the computations of interest on loan for determination of

tariff in respect of the RE projects treating the value base of loan as 70% of the
capital cost and the weighted average of SBI prime lending rate for the financial
year 2009-10 (i.e. 11.89%) plus 150 basis points (equivalent to interest rate of
13.39%), are as under:
Period
1-Apr- 2009 to 28-June 2009
29-Jun-2009 to 15-Feb-2010
Avg. SBI PLR
SBI PLR
12.25%
11.75%
11.89%
Source: State Bank of India (www.statebankofindia.com)
Page18
Small Hydro
Details
Wind
Energy
Less than
5 MW (HP
,
Uttarakha
nd &
North
Eastern
States)
Between 5
MW to
25MW (HP,
Uttarakhand
& North
Eastern
States
Other
States
(below 5
MW
Other
states (5
MW to 25
MW)
Biomass
Nonfossil fuel
cogeneratio
n
Solar
PV
Solar
Thermal
Gross loan
opening
(Rs in lakh)
326.99
444.46
400.01
349.21
317.47
281.78
278.65
1183
1071
Period of
repayment
10
10
10
10
10
10
10
10
10
Rate
of
interest
(%)
13.39
13.39
13.39
13.39
13.39
13.39
13.39
13.39
13.39
DEPRECIATION
33.
Regulation 15 of the RE Regulations provides for computation of depreciation in

the following manner:
(1) The value base for the purpose of depreciation shall be the Capital Cost of the asset
admitted by the Commission. The Salvage value of the asset shall be considered as 10%
and depreciation shall be allowed up to maximum of 90% of the Capital Cost of the asset.
(2) Depreciation per annum shall be based on Differential Depreciation Approach over
loan tenure and period beyond loan tenure over useful life computed on Straight Line
Method. The depreciation rate for the first 10 years of the Tariff Period shall be 7% per
annum and the remaining depreciation shall be spread over the remaining useful life of
the project from 11th year onwards.
(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,
depreciation shall be charged on pro rata basis.
34.
In accordance with the above, the rate of depreciation for the first 10 years has
been considered as 7% and the rate of depreciation from the 11th year onwards
has been spread over the balance useful life of the RE project as under:
Page19
Details
Useful Life (in years)
Wind
Energy
Small
Hydro
Biomass
Non-fossil
fuel cogeneration
Solar
PV
Solar
Thermal
25
35
20
20
25
25
Rate of depreciation for

10 years (%)
7.00
7.00
7.00
7.00
7.00
7.00
Rate of depreciation
after first 10 years (%)
1.33
0.80
2.00
2.00
1.33
1.33
INTEREST ON WORKING CAPITAL

35.
Regulation 17 of the RE Regulations provides for the working capital requirements

of the RE projects as under:
(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 accordance with
the following :
Wind Energy / Small Hydro Power /Solar PV / Solar thermal
(a) Operation & Maintenance expenses for one month;
(b) Receivables equivalent to 2 (Two) months of energy charges for sale of electricity
calculated on the normative CUF;
(c) Maintenance @ 15% of operation and maintenance expenses
(2) The Working Capital requirement in respect of biomass power projects and non-fossil
fuel based co-generation projects shall be computed in accordance with the following
clause:
Biomass Power and Non-fossil fuel Co-generation
(a) Fuel costs for four months equivalent to normative PLF;
(b) Operation & Maintenance expense for one month;
(c) Receivables equivalent to 2 (Two) months of fixed and variable charges for sale of
electricity calculated on the target PLF;
(d) Maintenance spare @ 15% of operation and maintenance expenses
(3) Interest on Working Capital shall be at interest rate equivalent to average State Bank
of India short term PLR during the previous year plus 100 basis points
Page20
36.
Receivables equivalent to two months of actual fixed cost and variable cost, (as
applicable for biomass power and non-fossil fuel based co-generation) have been
considered. The interest on working capital has been worked out as specified
below for determination of tariff of the RE projects:
Details
Wind
Energy
Small
Hydro
Biomass
Non-fossil
fuel cogeneration
Solar
PV
Solar
Thermal
15
15
15
15
15
15
(A) For Fixed charges

(i) O&M expenses (month)
(ii) Maintenance spares (%)
of O&M expenses
(iii) Receivables (months)
(B) For Variable Charges
Biomass/Bagasse stock
4
4
(months)
(C) Interest On Working
12.89
12.89
12.89
12.89
12.89
Capital (%)
Source for interest on working capital: State Bank of India (www.statebankofindia.com)
12.89
OPERATION AND MAINTENANCE EXPENSES

37.
Regulation 18 of the RE Regulations provides for Operation and Maintenance

Expenses (O&M expenses) in respect of RE projects as under:
Operation and Maintenance Expenses
(1) Operation and Maintenance or O&M expenses shall comprise repair and
maintenance (R&M), establishment including employee expenses, and administrative
and general expenses.
(2) Operation and maintenance expenses shall be determined for the Tariff Period based
on normative O&M expenses specified by the Commission subsequently in these
Regulations for the first Year of Control Period.
(3) Normative O&M expenses allowed during first year of the Control Period (i.e.FY 200910) under these Regulations shall be escalated at the rate of 5.72% per annum over
the Tariff Period.
Page21
38.
The normative O&M expenses for various RE technologies specified under the
relevant provisions of the RE Regulations are as under:
(a) Wind Energy: Regulation 27 of RE Regulations provided that the normative

O&M expenses for the first year of the control period (i.e. 2009-10) as Rs 6.50 lakh
per MW and 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 wind energy as Rs 6.87Lakh/MW for FY 2010-11.
(b) Small Hydro: Regulation 32 of RE Regulations provided for the normative O&
M expenses for small hydro projects for the year 2009-10 which shall be escalated
at the rate of 5.72% per annum over the tariff period for determination of the
levellised tariff. Accordingly, the table below presents the normative O&M
Expenses considered by the Commission for small hydro power for FY 2010-11,
Region
Project Size

Below 5 MW
5 MW to 25 MW
O&M expenses
(Rs Lakh/MW)
22.20
15.86
Other States
Below 5 MW
5 MW to 25 MW
17.97
12.69
(c) Biomass: Regulation 39 of RE Regulations provided that the normative O& M

expenses for biomass based projects for the year 2009-10 to be Rs 20.25
lakh/MW and 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 biomass power as Rs 21.41 Lakh/MW for FY
2010-11
Page22
(d) Non-fossil fuel co-generation: As per Regulation 55 of RE Regulations, the

normative O&M Expenses for non-fossil fuel co-generation projects for the year
2009-10 has been specified as Rs 13.35 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, the Commission has considered O&M cost norm for
non-fossil fuel based co-generation as Rs 14.11 Lakh/MW for FY 2010-11.
(e) Solar PV: Regulation 59 of RE Regulations provided that the normative O&M
expenses for solar PV projects for the year 2009-10 to be Rs 9.00 lakh/MW 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 expense norm for solar PV power project as Rs 9.51 Lakh/MW for FY 201011.
(f) Solar Thermal: Regulation 63 of the RE Regulations specified the normative
O&M expenses for solar thermal power projects during the first year of operation
as Rs 13.0Lakh/MW to 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 expense norm for solar thermal power project as Rs 13.74
Lakh/MW for FY 2010-11
39.
The normative O&M expenses have been worked out as specified above for
determination of tariff for the renewable energy generating stations.
Page23
CAPACITY UTILISATION FACTOR

40.
Regulations 26, 30, 58 and 62 of the RE Regulations specify the norms for
Capacity Utilization Factor (CUF) in respect of the renewable energy generating
stations except biomass and non- fossil fuel based cogeneration as per the details
given in the table below which has been considered for determination of tariff.

(A) Wind Energy
Annual Mean Wind Power Density (W/m2)
Wind zone-1 (200-250)
Wind zone-2 (250-300)
Wind zone-3 (300-400)
Wind zone-4 (above 400)
(B) Small Hydro
(i) Himachal Pradesh, Uttarakhand and North Eastern
States
(ii) Other States
(C) Solar PV
(D) Solar Thermal
41.
CUF
20%
23%
27%
30%
45%
30%
19%
23%
In terms of clause (2) of Regulation 26 of the RE Regulations, the annual mean

wind power density specified above is to be measured at 50 meter hub-height and
as per clause (3), for the purpose of classification of wind energy project into
particular wind zone class, the State-wise wind power density map prepared by
Centre for Wind Energy Technology (C-WET) annexed as schedule to the said
regulations, is to be considered.
PLANT LOAD FACTOR (PLF)

42.
Regulation 36 of the RE Regulations specifies the plant load factor for biomass
based renewable energy generating stations as given in the table below which
has been considered for determination of fixed charges component of tariff.
Page24
PLF (%)
Biomass
(a) During stabilization (6 months)
(b) During first year after stabilization
(c) Second year onwards
43.
60%
70%
80%
Regulation 49 of the RE Regulations stipulates the plant load factor for non-fossil
fuel based co-generation projects as under, computed on the basis of plant
availability for number of operating days considering the operations during
crushing season and off-season and load factor of 92%. The number of operating
days for different States as specified in the regulations is as under:
States
Operating days
PLF (%)
Uttar Pradesh
and Andhra Pradesh
120 days (crushing)+ 60 days (off-season) = 180 days
45%
Tamil Nadu and

Maharashtra
180 days (crushing)+ 60 days (off-season) = 240 days
60%
Other States
150 days (crushing) + 60 days (off-season) = 210 days
53%
AUXILIARY POWER CONSUMPTION

44. Regulations 31, 37, 50 and 64 of the RE Regulations stipulate the auxiliary power
consumption factor as under which has been considered for determination of tariff
of the RE projects :
Auxiliary Consumption factor
Small Hydro
1.0%
Biomass
10.0%
8.5%
Solar Thermal
10.0%
Page25
STATION HEAT RATE

45.
The Station Heat Rates (SHR) specified under Regulations 38 and 51 of the RE
Regulations for biomass and non-fossil fuel based co-generation projects are as
under:
SHR
(kCal / kWh)
Biomass
3800
Non-fossil fuel co-generation (for power component)
3600
FUEL
(a) Fuel Mix
46.
Clause (1) of Regulation 40 of the RE Regulations stipulates that the biomass

based power generating stations are to be designed in a way that it uses different
types of non-fossil fuels available within the vicinity of biomass power project such
as crop residues, agro-industrial residues, forest residues etc. and other biomass
fuels as may be approved by the Ministry of Non-Renewable Energy (MNRE).
Clause (2) of the said regulations stipulates that the biomass power generating
companies are to ensure fuel management plan to ensure adequate availability of
fuel to meet the respective project requirements.
(b) Use of fossil fuel

47.
In terms of Regulation 41 of the RE Regulations, the use of fossil fuel is to be

limited to the extent of 15% of total fuel consumption on annual basis and in terms
Page26
of Regulation 42 of the said regulations the mechanism for monitoring the use of
fossil fuel is as under:
(1) The Project developer shall furnish a monthly fuel usage statement and
monthly fuel procurement statement duly certified by Chartered Accountant to
the beneficiary (with a copy to appropriate agency appointed by the Commission
for the purpose of monitoring the fossil and non-fossil fuel consumption) for each
month, along with the monthly energy bill. The statement shall cover details such
as;
(a) Quantity of fuel (in tonnes) for each fuel type (biomass fuels and fossil fuels)
consumed and procured during the month for power generation purposes;
(b) Cumulative quantity (in tonnes) of each fuel type consumed and procured till
the end of that month during the year;
(c) Actual (gross and net) energy generation (denominated in units) during the
month;
(d) Cumulative actual (gross and net) energy generation (denominated in units)
until the end of that month during the year;
(e) Opening fuel stock quantity (in tonnes);
(f) Receipt of fuel quantity (in tonnes) at the power plant site; and
(g) Closing fuel stock quantity (in tonnes) for each fuel type (biomass fuels and
fossil fuels) available at the power plant site.
(2) Non-compliance with the condition of fossil fuel usage by the project developer,
during any financial year, shall result in withdrawal of applicability of tariff as per
these Regulations for such biomass based power project.
(c) Calorific value
48.
In terms of Regulation 43 of the RE Regulations the calorific value of biomass

fuel(s) for determination of tariff is as under:
State
Andhra Pradesh
Haryana
Maharashtra
Madhya Pradesh
Punjab
Calorific Value(kCal/kg)
3275
3458
3611
3612
3368
Page27

State
Rajasthan
Tamilnadu
Uttar Pradesh
Other States
49.
Calorific Value(kCal/kg)
3689
3300
3371
3467
In terms of Regulation 52 of the said regulations, the gross calorific value for
bagasse to be considered in case of non-fossil fuel co-generation projects is 2250
kCal/kg and for the use of biomass fuels other than bagasse, the calorific value as
specified above shall be applicable.
(d) Fuel cost

50.
The Commission, in terms of Regulation 44 of the RE Regulations, has specified

the biomass fuel price applicable during the period 2009-10 and has specified fuel
price indexation mechanism, in case developer wishes to opt, for the remaining
years of the control period. The detailed computations of the fuel price indexation
mechanism and the determination of the biomass fuel prices for FY 2010-11
thereof, has been enclosed as Appendix-5 of this Order. Accordingly, the
biomass fuel price applicable for FY 2010-11 shall be as indicated in the table
below,
Andhra Pradesh
Biomass price
(Rs/MT)
1343
Haryana
2238
Maharashtra
1859
Madhya Pradesh
1341
Punjab
2159
Rajasthan
Tamil Nadu
1881
1882
Uttar Pradesh
1567
Other States
1855
State
Page28
51.
The Commission, in terms of Regulation 53 of the RE Regulations, has specified

the price of bagasse applicable during the period 2009-10 and has specified fuel
price indexation mechanism, in case developer wishes to opt, for the remaining
years of the control period. The detailed computations of the fuel price indexation
mechanism and the determination of the bagasse fuel prices for FY 2010-11
thereof, has been enclosed as Appendix-6 of this Order. Accordingly, the price of
bagasse (for non-fossil fuel based co-generation projects) applicable for FY 201011 shall be as in the table below,
State
Bagasse Price
(Rs/MT)
Andhra Pradesh
928
Haryana
1456
Maharashtra
1159
Madhya Pradesh
835
Punjab
1443
Tamilnadu
1283
Uttar Pradesh
1046
Other States
1200
Subsidy or incentive by the Central / State Government

52.
Regulation 22 of the RE Regulations provides as under:
The Commission shall take into consideration any incentive or subsidy offered by
the Central or State Government, including accelerated depreciation benefit if
availed by the generating company, for the renewable energy power plants while
determining the tariff under these Regulations.
Provided that the following principles shall be considered for ascertaining income
tax benefit on account of accelerated depreciation, if availed, for the purpose of
tariff determination:
Page29
i. Assessment of benefit shall be based on normative capital cost,

accelerated depreciation rate as per relevant provisions under Income Tax
Act and corporate income tax rate.
ii. Capitalisation of RE projects during second half of the fiscal year. Per unit
benefit shall be derived on levellised basis at discount factor equivalent to
weighted average cost of capital.
53.
In terms of the above regulation, for the projects availing the benefit of Section 80
IA of the Income Tax Act, 1961, the Minimum Alternate Tax (MAT) @ 16.995%
(15% MAT+10% surcharge+3% education cess) for the first ten years and
thereafter the normal tax rate @ 33.99% (30% IT rate+ 10% surcharge +3%
Education cess) has been considered. For the purpose of determining net
depreciation benefits, depreciation @ 5.28% as per straight line method (Book
depreciation as per Companies Act, 1956) has been compared with depreciation
as per Income Tax rate i.e. 80% of the written down value method and
depreciation for the first year has been calculated at the rate of 50% of 80% i.e
40%, as project is capitalized during the second half of the financial year as per
proviso (ii) to Regulation 22. Tax benefit has been worked out as per normal tax
rate on the net depreciation benefit. Per unit levellised accelerated depreciation
benefit has been computed considering the weighted average cost of capital as
discount factor.
54.
In the light of the discussion made in the preceding paragraphs, the generic tariffs
of the following RE projects for the financial year 2010-11 have been determined
as under:
Page30

RE Technologies as per CERC RE Tariff Regulations Norms for FY 2010-11
Particular
Levellised
Total Tariff
(FY2010-11)
Benefit of
Accelerated
Depreciation
(if availed)
Net Levellised Tariff

(upon adjusting for
Accelerated
Depreciation benefit) (if
availed)
(Rs / kWh)
(Rs/kWh)
(Rs/kWh)
Wind Energy
Wind Zone -1 (CUF
20%)
Wind Zone -2 (CUF
23%)
Wind Zone -3 (CUF
27%)
Wind Zone -4 (CUF
30%)
5.07
0.78
4.29
4.41
0.68
3.73
3.75
0.58
3.18
3.38
0.52
2.86
Small Hydro Power Project

HP, Uttarakhand and NE
States (Below 5MW)
3.59
0.48
3.11
HP, Uttarakhand and NE

States (5MW to 25 MW)
3.06
0.43
2.63
Other States (Below 5

MW)
4.26
0.57
3.70
Other States (5 MW to
25 MW)
3.65
0.51
3.14
Solar Power Projects

Solar PV
17.91
2.96
14.95
Solar Thermal
15.31
2.46
12.85
State
Levellised
Fixed
Cost
Variable
Cost (FY
2010-11)
Applicable
Tariff Rate
(FY 2010-11)
Benefit of
Accelerated
Depreciation
(if availed)
(Rs/kWh)
(Rs/kWh)
(Rs/kWh)
(Rs/kWh)
Net Levellised
Tariff
(upon adjusting
for Accelerated
Depreciation
benefit) (if availed)
(Rs/kWh)
Biomass Power Project
Andhra
Pradesh
1.80
1.73
3.53
0.19
3.34
Haryana
1.89
2.73
4.62
0.19
4.43
Madhya
Pradesh
1.78
1.57
3.35
0.19
3.16
Maharashtra
1.84
2.17
4.01
0.19
3.82
Punjab
1.88
2.71
4.59
0.19
4.40
Page31
Levellised
Fixed
Cost
Variable
Cost (FY
2010-11)
Applicable
Tariff Rate
(FY 2010-11)
Benefit of
Accelerated
Depreciation
(if availed)
(Rs/kWh)
(Rs/kWh)
(Rs/kWh)
(Rs/kWh)
Net Levellised
Tariff
(upon adjusting
for Accelerated
Depreciation
benefit) (if availed)
(Rs/kWh)
Rajasthan
1.83
2.15
3.99
0.19
3.80
Tamil Nadu
1.86
2.41
4.26
0.19
4.07
Uttar Pradesh
1.82
1.96
3.78
0.19
3.59
Others
1.84
2.26
4.10
0.19
3.91
State
Non-Fossil Fuel based Cogeneration

Andhra
Pradesh
2.61
1.62
4.23
0.32
3.91
Haryana
2.32
2.55
4.86
0.27
4.59
Maharashtra
Madhya
Pradesh
2.03
2.03
4.05
0.24
3.81
2.22
1.46
3.68
0.27
3.41
Punjab
2.31
2.52
4.84
0.27
4.57
Tamil Nadu
2.05
2.24
4.29
0.24
4.05
Uttar Pradesh
2.62
1.83
4.45
0.32
4.13
Others
2.28
2.10
4.38
0.27
4.11
55.
The detailed computations of the normative Capital Cost in respect of various RE

technologies for FY 2010-11, in line with the indexation mechanism stipulated
under RE Tariff Regulations, have been enclosed to this Order as per the details
given hereunder:
S No
Appendix
Wind Power Projects
Appendix 1
Small Hydro Power Projects
Appendix 2
Biomass Power Projects
Appendix 3
Non-Fossil Fuel Based Cogeneration
Appendix 4
Page32
56.
The detailed computations for the generic tariff for various RE technologies have
been enclosed to this Order as per the details given hereunder:
S No
Wind Power Projects
Annexure
Wind Zone-I
Annexure 1A
Wind Zone-II
Annexure 1B
Wind Zone III
Annexure 1C
Wind Zone IV
Annexure 1D
Small Hydro Power Projects

Projects Less than 5 MW for HP, Uttarakhand Annexure 2A
and NE States
Projects between 5 MW and 25 MW for HP,
Annexure 2B
Uttarakhand and NE States
Projects less than 5 MW for other States
Annexure 2C
Projects between 5 MW and 25 MW for other
Annexure 2D
States
C
Biomass Power Projects

Andhra Pradesh
Annexure 3A
Haryana
Annexure 3B
Maharashtra
Annexure 3C
Punjab
Annexure 3D
Madhya Pradesh
Annexure 3E
Rajasthan
Annexure 3F
Uttar Pradesh
Annexure 3G
Tamil Nadu
Annexure 3H
Other
Annexure 3I
Non-Fossil Fuel Based Cogeneration

Andhra Pradesh
Annexure 4A
Haryana
Annexure 4B
Page33
S No
57.
Annexure
Maharashtra
Annexure 4C
Madhya Pradesh
Annexure 4D
Punjab
Annexure 4E
Uttar Pradesh
Annexure 4F
Tamil Nadu
Annexure 4G
Other
Annexure 4H
Solar Projects
Solar PV Projects
Annexure 5A
Solar Thermal Projects
Annexure 5B
Above generic tariff is proposed for the RE power projects (other than solar
projects) commissioned during the FY 2010-11 and for solar PV projects for the
FY 2010-11 and FY 2011- 12 and for solar thermal power projects for the FY
2010-11, FY 2011- 12
and FY 2012- 13 (subject to the conditions for solar
projects as stipulated in the first amendment to the RE Regulations) fulfilling the

conditions of the RE regulations.
58.
Comments/suggestions of the stakeholders on the above proposals are invited by

08.03.201. We direct that the matter be notified for hearing on 09.03.2010.
Sd/-
Sd/-
Sd/-
[V.S.VERMA]
MEMBER
[S. JAYARAMAN]
MEMBER
[Dr. PRAMOD DEO]

CHAIRPERSON
New Delhi dated the 26th February, 2010
Page34
Appendix 1
Capital Cost Indexation for Wind Power Projects (FY2010-11)
Indexation Formulation
CC(n)=P&M(n)*[1+F1+F2+F3]
dn = (a*(SIn-1/SI0)-1)+b*(EIn-1/EI0)-1))/(a+b)
P&M(n)=P&M(0)*(1+dn)
Variable
a
b
F1
Description
Weightage for Steel Index
Weightage for Electrical Machinery Index
Factor for Land and Civil Work
Value
0.6
0.4
0.08
F2
F3
Factor for Erection and Commissioning
0.07
Factor for IDC and Financing
0.10
Month/Year
January
Febuary
March
April
May
June
July
August
September
October
November
December
Average
Electrical & Machinery

2009
2008
146.70
145.20
146.70
145.20
147.30
145.70
146.40
147.30
146.70
149.50
146.20
152.80
146.10
153.20
147.00
153.20
149.00
152.90
148.40
152.90
149.20
153.40
148.20
149.10
147.33
150.00
Iron & Steel

2009
2008
303.10
279.90
286.60
281.70
288.40
337.70
285.80
359.00
286.30
353.30
286.40
357.60
286.50
362.60
293.90
362.80
290.00
360.40
291.40
355.10
290.80
329.20
290.80
321.30
290.00
338.40
Parameter
CC(0)(RsL/MW)
Description
Value
Capital Cost for the Base Year
515.00
P&M(0) (RsL/MW)
Plant & Machinery Cost for the Base Year
412.00
dn
P&M(n) (RsL/MW)
CC(n) (RsL/MW)
Capital Cost Escalation Factor

Plant & Machinery Cost for the nth Year (FY 2010-11)
Capital Cost for the nth Year (FY2010-11)
-9.29%
373.71
467.13
SourceofWPI(Iron&SteelandElectricalandMachinery):OfficeofEconomicAdvisor,Ministryof
CommerceandIndustry(www.eaindustry.nic.in)
Page35

Appendix-2
Capital Cost Indexation for Small Hydro Power Projects (FY2010-11)
CC(n)=P&M(n)*[1+F1+F2+F3]
P&M(n)=P&M(0)*(1+dn)
Variable
a
b
F1
F2
F3
Description
0.10
0.14
Month/Year
January
Febuary
March
April
May
June
July
August
September
October
November
December
Average
Parameter
Value
0.6
0.4
0.16
E&M
2009
2008
146.70 145.20
146.70 145.20
147.30 145.70
146.40 147.30
146.70 149.50
146.20 152.80
146.10 153.20
147.00 153.20
149.00 152.90
148.40 152.90
149.20 153.40
148.20 149.10
147.33 150.00
Iron & Steel

2009
2008
303.10 279.90
286.60 281.70
288.40 337.70
285.80 359.00
286.30 353.30
286.40 357.60
286.50 362.60
293.90 362.80
290.00 360.40
291.40 355.10
290.80 329.20
290.80 321.30
290.00 338.40
Description
HP/Uttrakhand/NE
CC(0)(RsL/MW)
< 5MW
700.00
P&M(0) (RsL/MW)

500.00
-9.29%
453.53
634.94
dn
P&M(n) (RsL/MW)
CC(n) (RsL/MW)
Other States
5MW - 25MW < 5MW 5MW - 25MW

630.00
550.00
500.00
450.00
-9.29%
408.17
571.44
392.86
-9.29%
356.34
498.88
357.14
-9.29%
323.95
453.53
CommerceandIndustry(www.eaindustry.nic.in)Appendix 3
Page36

Capital Cost Indexation for Biomass Power Projects (FY2010-11)
CC(n)=P&M(n)*[1+F1+F2+F3]
P&M(n)=P&M(0)*(1+dn)
Variable
a
b
F1
Description
Value
0.7
0.3
0.10
F2
F3
0.09
0.14
Month/Year
January
Febuary
March
April
May
June
July
August
September
October
November
December
Average

2009
2008
146.70
145.20
146.70
145.20
147.30
145.70
146.40
147.30
146.70
149.50
146.20
152.80
146.10
153.20
147.00
153.20
149.00
152.90
148.40
152.90
149.20
153.40
148.20
149.10
147.33
150.00
Iron & Steel

2009
2008
303.10
279.90
286.60
281.70
288.40
337.70
285.80
359.00
286.30
353.30
286.40
357.60
286.50
362.60
293.90
362.80
290.00
360.40
291.40
355.10
290.80
329.20
290.80
321.30
290.00
338.40
Parameter
CC(0)(RsL/MW)
Description
Value
450.00
P&M(0) (RsL/MW)
dn
P&M(n) (RsL/MW)
CC(n) (RsL/MW)

338.35
-10.55%
302.66
402.54
Page37

Appendix 4
Capital Cost Indexation for Non-Fossil Fuel Based Cogeneration Power Projects (FY2010-11)
CC(n)=P&M(n)*[1+F1+F2+F3]
P&M(n)=P&M(0)*(1+dn)
Variable
a
b
F1
Description
Weightage for Electeical Machinery Index
Value
0.7
0.3
0.10
F2
F3
0.09
0.14
Month/Year
January
Febuary
March
April
May
June
July
August
September
October
November
December
Average

2009
2008
146.70
145.20
146.70
145.20
147.30
145.70
146.40
147.30
146.70
149.50
146.20
152.80
146.10
153.20
147.00
153.20
149.00
152.90
148.40
152.90
149.20
153.40
148.20
149.10
147.33
150.00
Iron & Steel

2009
2008
303.10
279.90
286.60
281.70
288.40
337.70
285.80
359.00
286.30
353.30
286.40
357.60
286.50
362.60
293.90
362.80
290.00
360.40
291.40
355.10
290.80
329.20
290.80
321.30
290.00
338.40
Parameter
CC(0)(RsL/MW)
Description
Value
445.00
P&M(0) (RsL/MW)
dn
P&M(n) (RsL/MW)
CC(n) (RsL/MW)

334.59
-10.55%
299.30
398.07
Page38

Appendix 5
Biomass Fuel Price across States for FY 2010-11
(as per Fuel Price Index Mechanism outlined under Regulation 45)
Fuel Price Indexation for Biomass Power Projects (FY2010-11)
Pn = Pn-1*{a*(WPIn/WPIn-1)+b*(1+IRCn-1)+c*(Pdn/Pdn-1)}
Parameter
WPI(n-1)
Values
229.7
WPI(n)
246.5
IRC(n-1)
2.98%
Pd(n-1)
482.3
Pd(n)
a
b
c
481.4
0.2
0.6
0.2
State
Biomass Price
Rs/MT
(2009-10)
Biomass Price
Rs/MT
(2010-11)
Andhra Pradesh
1301
1,343
Haryana
2168
2,238
Maharashtra
1801
1,859
Madhya Pradesh
1299
1,341
Punjab
2092
2,159
Rajasthan
1822
1,881
Tamil Nadu
1823
1,882
Uttar Pradesh
1518
1,567
Other States
1797
1,855
SourceofWPIandWPI(PriceofHSD):OfficeofEconomicAdvisor,MinistryofCommerceandIndustry
SourceofIRC:CERC(www.cercind.gov.in)
Page39

Appendix 6
Bagasse Price across States for FY 2010-11
(as per Fuel Price Index Mechanism outlined under Regulation 54)
Fuel Price Indexation for Non-Fossil Fuel Based Cogeneration Power Projects (FY2010-11)
Pn = Pn-1*{a*(WPIn/WPIn-1)+b*(1+IRCn-1)+c*(Pdn/Pdn-1)}
Parameter
WPI(n-1)
Values
229.7
WPI(n)
246.5
IRC(n-1)
2.98%
Pd(n-1)
482.3
Pd(n)
a
b
c
481.4
0.2
0.6
0.2
State
Baggase Price
Rs/MT
(2009-10)
Bagasse Price
Rs/MT
(2010-11)
Andhra Pradesh
899
928
Haryana
1411
1,456
Maharashtra
1123
1,159
Madhya Pradesh
809
835
Punjab
1398
1,443
Tamil Nadu
1243
1,283
Uttar Pradesh
1013
1,046
Other States
1163
1,200
SourceofWPIandWPI(PriceofHSD):OfficeofEconomicAdvisor,MinistryofCommerceandIndustry
SourceofIRC:CERC(www.cercind.gov.in)
Page40

Annexure 1A
(Wind Zone-1)
Form 1.1 Assumptions Parameters
Assumption
Head
S. No.
Sub-Head
Sub-Head (2)
Unit
Base Case Wind

Zone 1
Power Generation
Capacity
Installed Power Generation Capacity
Capacity Utilization Factor
Deration Factor
Useful Life
MW
%
%
Years
1
20%
0.00%
25
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
327
140
Loan Amount
Moratorium Period
Repayment Period(incld Moratorium)
Interest Rate
Rs Lacs
years
years
%
327
0
10
13.39%
Equity amount
Return on Equity for first 10 years
RoE Period
Return on Equity 11th year onwards
Weighted average of ROE
Discount Rate
Rs Lacs
% p.a
Year
% p.a
140
19.00%
10
24.00%
22.00%
15.97%
Income Tax
MAT Rate (for first 10 years)
80 IA benefits
%
%
Yes/No
Depreciation Rate for first 10 years

Depreciation Rate 11th year onwards
Years for 7% rate
%
%
2 Project Cost
Capital Cost/MW
467
3 Sources of Fund
13
Debt: Equity
Debt Component
Equity Component
4 Financial Assumptions
Fiscal Assumptions
Depreciation
33.99%
16.995%
Yes
0.0%
7.00%
1.33%
10
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 (FY10-11)
Total O & M Expenses Escalation
Months
Months
1
15%
2
12.89%
6.87
5.72%
Page41
Form 1.2 Form Template for (Wind Power Projects) : 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
0.744
0.641
0.553
0.477
0.411
0.354
0.306
0.264
0.227
0.196
0.169
0.146
0.126
0.108
0.093
0.081
0.069
0.060
0.052
0.045
0.038
0.033
0.029
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
6.87
32.70
41.59
2.58
26.63
110.37
2
7.26
32.70
37.21
2.50
26.63
106.31
3
7.68
32.70
32.84
2.43
26.63
102.27
4
8.12
32.70
28.46
2.35
26.63
98.26
5
8.58
32.70
24.08
2.28
26.63
94.27
6
9.08
32.70
19.70
2.21
26.63
90.32
7
9.59
32.70
15.32
2.14
26.63
86.39
8
10.14
32.70
10.95
2.08
26.63
82.49
9
10.72
32.70
6.57
2.01
26.63
78.63
10
11.34
32.70
2.19
1.95
26.63
74.80
11
11.99
6.23
0.00
1.51
33.63
53.35
12
12.67
6.23
0.00
1.54
33.63
54.08
13
13.40
6.23
0.00
1.58
33.63
54.84
14
14.16
6.23
0.00
1.62
33.63
55.64
15
14.97
6.23
0.00
1.66
33.63
56.50
16
15.83
6.23
0.00
1.71
33.63
57.40
17
16.73
6.23
0.00
1.76
33.63
58.35
18
17.69
6.23
0.00
1.81
33.63
59.36
19
18.70
6.23
0.00
1.86
33.63
60.42
20
19.77
6.23
0.00
1.92
33.63
61.55
21
20.90
6.23
0.00
1.98
33.63
62.74
22
22.10
6.23
0.00
2.04
33.63
64.00
23
23.36
6.23
0.00
2.11
33.63
65.33
24
24.70
6.23
0.00
2.18
33.63
66.74
25
26.11
6.23
0.00
2.25
33.63
68.22
1
0.39
1.87
2.37
0.15
1.52
6.30
2
0.41
1.87
2.12
0.14
1.52
6.07
3
0.44
1.87
1.87
0.14
1.52
5.84
4
0.46
1.87
1.62
0.13
1.52
5.61
5
0.49
1.87
1.37
0.13
1.52
5.38
6
0.52
1.87
1.12
0.13
1.52
5.15
7
0.55
1.87
0.87
0.12
1.52
4.93
8
0.58
1.87
0.62
0.12
1.52
4.71
9
0.61
1.87
0.37
0.11
1.52
4.49
10
0.65
1.87
0.12
0.11
1.52
4.27
11
0.68
0.36
0.00
0.09
1.92
3.05
12
0.72
0.36
0.00
0.09
1.92
3.09
13
0.76
0.36
0.00
0.09
1.92
3.13
14
0.81
0.36
0.00
0.09
1.92
3.18
15
0.85
0.36
0.00
0.09
1.92
3.22
16
0.90
0.36
0.00
0.10
1.92
3.28
17
0.96
0.36
0.00
0.10
1.92
3.33
18
1.01
0.36
0.00
0.10
1.92
3.39
19
1.07
0.36
0.00
0.11
1.92
3.45
20
1.13
0.36
0.00
0.11
1.92
3.51
21
1.19
0.36
0.00
0.11
1.92
3.58
22
1.26
0.36
0.00
0.12
1.92
3.65
23
1.33
0.36
0.00
0.12
1.92
3.73
24
1.41
0.36
0.00
0.12
1.92
3.81
25
1.49
0.36
0.00
0.13
1.92
3.89
Levallised tariff corresponding to Useful life

Per Unit Cost of Generation
Unit
Levellised
0.56
O&M expn
Rs/kWh
1.55
Depreciation
Rs/kWh
Int. on term loan
Rs/kWh
1.22
0.13
Int. on working capital
Rs/kWh
1.60
RoE
Rs/kWh
Total COG
Rs/kWh
5.07
Levellised
Discount Factor
Levellised Tariff
5.07
Rs/Unit
0.862
Unit
MW
MU
0.862
0.744
0.641
0.553
0.477
0.411
0.354
0.306
0.264
0.227
0.196
0.169
0.146
0.126
0.108
0.093
Page42
0.081
0.069
0.060
0.052
0.045
0.038
0.033
0.029
Determination of Accelerated Depreciation for Wind Power Projects

Depreciation amount
Book Depreciation rate
Tax Depreciation rate
Income Tax (MAT)
Income Tax (Normal Rates)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
467.1
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
12.33
2
5.28%
24.66
3
5.28%
24.66
4
5.28%
24.66
5
5.28%
24.66
6
5.28%
24.66
7
5.28%
24.66
8
5.28%
24.66
9
5.28%
24.66
10
5.28%
24.66
11
5.28%
24.66
12
5.28%
24.66
13
5.28%
24.66
14
5.28%
24.66
15
5.28%
24.66
Accelerated Depreciation
Opening
Allowed during the year
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
186.85
60%
48.00%
12%
224.22
12%
9.60%
2.40%
44.84
2%
1.92%
0.48%
8.97
0%
0.38%
0.10%
1.79
0%
0.08%
0.02%
0.36
0%
0.02%
0.00%
0.07
0%
0.00%
0.00%
0.01
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
174.52
59.32
0.88
1.00
199.56
67.83
1.75
0.93
0.93
20.18
6.86
1.75
0.80
0.80
-15.70
-5.33
1.75
0.69
0.69
-22.87
-7.77
1.75
0.60
0.60
-24.31
-8.26
1.75
0.51
0.51
-24.59
-8.36
1.75
0.44
0.44
-24.65
-8.38
1.75
0.38
0.38
-24.66
-8.38
1.75
0.33
0.33
-24.66
-8.38
1.75
0.28
0.28
-24.66
-8.38
1.75
0.24
0.24
-24.66
-8.38
1.75
0.21
0.21
-24.66
-8.38
1.75
0.18
0.18
-24.66
-8.38
1.75
0.16
0.16
-24.66
-8.38
1.75
0.14
0.14
Net Depreciation Benefit

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.78
Rs/Unit
Page43

Annexure 2A
(Wind Zone-2)
Assumption
Head
S. No.
Sub-Head
Sub-Head (2)
Unit
Base Case Wind

Zone 2
Power Generation
Capacity
Deration Factor
Useful Life
MW
%
%
Years
1
23%
0.00%
25
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
327
140
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
327
0
10
13.39%
Equity amount
RoE Period
Discount Rate
Rs Lacs
% p.a
Year
% p.a
140
19.00%
10
24.00%
22.00%
15.97%
Income Tax
80 IA benefits
%
%
Yes/No

Years for 7% rate
%
%
2 Project Cost
Capital Cost/MW
467
3 Sources of Fund
13
Debt: Equity
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
33.99%
16.995%
Yes
0.0%
7.00%
1.33%
10
5 Working Capital
For Fixed Charges
O&M C harges
Maintenance Spare

Months
Months
1
15%
2
12.89%
6.87
5.72%
Page44
1
Units Generation
Installed Capacity
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
0.744
0.641
0.553
0.477
0.411
0.354
0.306
0.264
0.227
0.196
0.169
0.146
0.126
0.108
0.093
0.081
0.069
0.060
0.052
0.045
0.038
0.033
0.029
Year--->
1
1
2.01
2
1
2.01
3
1
2.01
4
1
2.01
5
1
2.01
6
1
2.01
7
1
2.01
8
1
2.01
9
1
2.01
10
1
2.01
11
1
2.01
12
1
2.01
13
1
2.01
14
1
2.01
15
1
2.01
16
1
2.01
17
1
2.01
18
1
2.01
19
1
2.01
20
1
2.01
21
1
2.01
22
1
2.01
23
1
2.01
24
1
2.01
25
1
2.01
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Year--->
1
6.87
32.70
41.59
2.58
26.63
110.37
2
7.26
32.70
37.21
2.50
26.63
106.31
3
7.68
32.70
32.84
2.43
26.63
102.27
4
8.12
32.70
28.46
2.35
26.63
98.26
5
8.58
32.70
24.08
2.28
26.63
94.27
6
9.08
32.70
19.70
2.21
26.63
90.32
7
9.59
32.70
15.32
2.14
26.63
86.39
8
10.14
32.70
10.95
2.08
26.63
82.49
9
10.72
32.70
6.57
2.01
26.63
78.63
10
11.34
32.70
2.19
1.95
26.63
74.80
11
11.99
6.23
0.00
1.51
33.63
53.35
12
12.67
6.23
0.00
1.54
33.63
54.08
13
13.40
6.23
0.00
1.58
33.63
54.84
14
14.16
6.23
0.00
1.62
33.63
55.64
15
14.97
6.23
0.00
1.66
33.63
56.50
16
15.83
6.23
0.00
1.71
33.63
57.40
17
16.73
6.23
0.00
1.76
33.63
58.35
18
17.69
6.23
0.00
1.81
33.63
59.36
19
18.70
6.23
0.00
1.86
33.63
60.42
20
19.77
6.23
0.00
1.92
33.63
61.55
21
20.90
6.23
0.00
1.98
33.63
62.74
22
22.10
6.23
0.00
2.04
33.63
64.00
23
23.36
6.23
0.00
2.11
33.63
65.33
24
24.70
6.23
0.00
2.18
33.63
66.74
25
26.11
6.23
0.00
2.25
33.63
68.22
1
0.34
1.62
2.06
0.13
1.32
5.48
2
0.36
1.62
1.85
0.12
1.32
5.28
3
0.38
1.62
1.63
0.12
1.32
5.08
4
0.40
1.62
1.41
0.12
1.32
4.88
5
0.43
1.62
1.20
0.11
1.32
4.68
6
0.45
1.62
0.98
0.11
1.32
4.48
7
0.48
1.62
0.76
0.11
1.32
4.29
8
0.50
1.62
0.54
0.10
1.32
4.09
9
0.53
1.62
0.33
0.10
1.32
3.90
10
0.56
1.62
0.11
0.10
1.32
3.71
11
0.59
0.31
0.00
0.07
1.67
2.65
12
0.63
0.31
0.00
0.08
1.67
2.68
13
0.66
0.31
0.00
0.08
1.67
2.72
14
0.70
0.31
0.00
0.08
1.67
2.76
15
0.74
0.31
0.00
0.08
1.67
2.80
16
0.79
0.31
0.00
0.08
1.67
2.85
17
0.83
0.31
0.00
0.09
1.67
2.90
18
0.88
0.31
0.00
0.09
1.67
2.95
19
0.93
0.31
0.00
0.09
1.67
3.00
20
0.98
0.31
0.00
0.10
1.67
3.05
21
1.04
0.31
0.00
0.10
1.67
3.11
22
1.10
0.31
0.00
0.10
1.67
3.18
23
1.16
0.31
0.00
0.10
1.67
3.24
24
1.23
0.31
0.00
0.11
1.67
3.31
25
1.30
0.31
0.00
0.11
1.67
3.39

Unit
Levellised
0.49
O&M expn
Rs/kWh
1.35
Depreciation
Rs/kWh
Int. on term loan
Rs/kWh
1.06
0.11
Rs/kWh
1.39
RoE
Rs/kWh
Total COG
Rs/kWh
4.41
Levellised
Discount Factor
Levellised Tariff
4.41
Rs/Unit
0.862
Unit
MW
MU
0.862
0.744
0.641
0.553
0.477
0.411
0.354
0.306
0.264
0.227
0.196
0.169
0.146
0.126
0.108
0.093
Page45
0.081
0.069
0.060
0.052
0.045
0.038
0.033
0.029

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
467.1
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
12.33
2
5.28%
24.66
3
5.28%
24.66
4
5.28%
24.66
5
5.28%
24.66
6
5.28%
24.66
7
5.28%
24.66
8
5.28%
24.66
9
5.28%
24.66
10
5.28%
24.66
11
5.28%
24.66
12
5.28%
24.66
13
5.28%
24.66
14
5.28%
24.66
15
5.28%
24.66
16
5.28%
24.66
17
5.28%
24.66
18
2.88%
13.45
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
186.85
60%
48.00%
12%
224.22
12%
9.60%
2.40%
44.84
2%
1.92%
0.48%
8.97
0%
0.38%
0.10%
1.79
0%
0.08%
0.02%
0.36
0%
0.02%
0.00%
0.07
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
174.52
59.32
1.01
1.00
199.56
67.83
2.01
0.93
0.93
20.18
6.86
2.01
0.80
0.80
-15.70
-5.33
2.01
0.69
0.69
-22.87
-7.77
2.01
0.60
0.60
-24.31
-8.26
2.01
0.51
0.51
-24.59
-8.36
2.01
0.44
0.44
-24.65
-8.38
2.01
0.38
0.38
-24.66
-8.38
2.01
0.33
0.33
-24.66
-8.38
2.01
0.28
0.28
-24.66
-8.38
2.01
0.24
0.24
-24.66
-8.38
2.01
0.21
0.21
-24.66
-8.38
2.01
0.18
0.18
-24.66
-8.38
2.01
0.16
0.16
-24.66
-8.38
2.01
0.14
0.14
-24.66
-8.38
2.01
0.12
0.12
-24.66
-8.38
2.01
0.10
0.10
-13.45
-4.57
2.01
0.09
0.09
0.00
0.00
2.01
0.07
0.07
0.00
0.00
2.01
0.06
0.06

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.68
Rs/Unit
Page46

Annexure 3A
(Wind Zone-3)
Assumption
Head
S. No.
Sub-Head
Sub-Head (2)
Unit
Base Case Wind

Zone 3
Power Generation
Capacity
Deration Factor
Useful Life
MW
%
%
Years
1
27%
0.00%
25
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
327
140
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
327
0
10
13.39%
Equity amount
RoE Period
Discount Rate
Rs Lacs
% p.a
Year
% p.a
140
19.00%
10
24.00%
22.00%
15.97%
Income Tax
80 IA benefits
%
%
Yes/No

Years for 7% rate
%
%
2 Project Cost
Capital Cost/MW
467
3 Sources of Fund
13
Debt: Equity
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
33.99%
16.995%
Yes
0.0%
7.00%
1.33%
10
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare

Months
Months
1
15%
2
12.89%
6.87
5.72%
Page47
1
Units Generation
Installed Capacity
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
0.744
0.641
0.553
0.477
0.411
0.354
0.306
0.264
0.227
0.196
0.169
0.146
0.126
0.108
0.093
0.081
0.069
0.060
0.052
0.045
0.038
0.033
0.029
Year--->
1
1
2.37
2
1
2.37
3
1
2.37
4
1
2.37
5
1
2.37
6
1
2.37
7
1
2.37
8
1
2.37
9
1
2.37
10
1
2.37
11
1
2.37
12
1
2.37
13
1
2.37
14
1
2.37
15
1
2.37
16
1
2.37
17
1
2.37
18
1
2.37
19
1
2.37
20
1
2.37
21
1
2.37
22
1
2.37
23
1
2.37
24
1
2.37
25
1
2.37
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Year--->
1
6.87
32.70
41.59
2.58
26.63
110.37
2
7.26
32.70
37.21
2.50
26.63
106.31
3
7.68
32.70
32.84
2.43
26.63
102.27
4
8.12
32.70
28.46
2.35
26.63
98.26
5
8.58
32.70
24.08
2.28
26.63
94.27
6
9.08
32.70
19.70
2.21
26.63
90.32
7
9.59
32.70
15.32
2.14
26.63
86.39
8
10.14
32.70
10.95
2.08
26.63
82.49
9
10.72
32.70
6.57
2.01
26.63
78.63
10
11.34
32.70
2.19
1.95
26.63
74.80
11
11.99
6.23
0.00
1.51
33.63
53.35
12
12.67
6.23
0.00
1.54
33.63
54.08
13
13.40
6.23
0.00
1.58
33.63
54.84
14
14.16
6.23
0.00
1.62
33.63
55.64
15
14.97
6.23
0.00
1.66
33.63
56.50
16
15.83
6.23
0.00
1.71
33.63
57.40
17
16.73
6.23
0.00
1.76
33.63
58.35
18
17.69
6.23
0.00
1.81
33.63
59.36
19
18.70
6.23
0.00
1.86
33.63
60.42
20
19.77
6.23
0.00
1.92
33.63
61.55
21
20.90
6.23
0.00
1.98
33.63
62.74
22
22.10
6.23
0.00
2.04
33.63
64.00
23
23.36
6.23
0.00
2.11
33.63
65.33
24
24.70
6.23
0.00
2.18
33.63
66.74
25
26.11
6.23
0.00
2.25
33.63
68.22
1
0.29
1.38
1.76
0.11
1.13
4.67
2
0.31
1.38
1.57
0.11
1.13
4.49
3
0.32
1.38
1.39
0.10
1.13
4.32
4
0.34
1.38
1.20
0.10
1.13
4.15
5
0.36
1.38
1.02
0.10
1.13
3.99
6
0.38
1.38
0.83
0.09
1.13
3.82
7
0.41
1.38
0.65
0.09
1.13
3.65
8
0.43
1.38
0.46
0.09
1.13
3.49
9
0.45
1.38
0.28
0.09
1.13
3.32
10
0.48
1.38
0.09
0.08
1.13
3.16
11
0.51
0.26
0.00
0.06
1.42
2.26
12
0.54
0.26
0.00
0.07
1.42
2.29
13
0.57
0.26
0.00
0.07
1.42
2.32
14
0.60
0.26
0.00
0.07
1.42
2.35
15
0.63
0.26
0.00
0.07
1.42
2.39
16
0.67
0.26
0.00
0.07
1.42
2.43
17
0.71
0.26
0.00
0.07
1.42
2.47
18
0.75
0.26
0.00
0.08
1.42
2.51
19
0.79
0.26
0.00
0.08
1.42
2.55
20
0.84
0.26
0.00
0.08
1.42
2.60
21
0.88
0.26
0.00
0.08
1.42
2.65
22
0.93
0.26
0.00
0.09
1.42
2.71
23
0.99
0.26
0.00
0.09
1.42
2.76
24
1.04
0.26
0.00
0.09
1.42
2.82
25
1.10
0.26
0.00
0.10
1.42
2.88

Unit
Levellised
0.42
O&M expn
Rs/kWh
1.15
Depreciation
Rs/kWh
Int. on term loan
Rs/kWh
0.91
0.09
Rs/kWh
1.19
RoE
Rs/kWh
Total COG
Rs/kWh
3.75
Levellised
Discount Factor
Levellised Tariff
3.75
Rs/Unit
0.862
Unit
MW
MU
0.862
0.744
0.641
0.553
0.477
0.411
0.354
0.306
0.264
0.227
0.196
0.169
0.146
0.126
0.108
0.093
Page48
0.081
0.069
0.060
0.052
0.045
0.038
0.033
0.029

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
467.1
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
12.33
2
5.28%
24.66
3
5.28%
24.66
4
5.28%
24.66
5
5.28%
24.66
6
5.28%
24.66
7
5.28%
24.66
8
5.28%
24.66
9
5.28%
24.66
10
5.28%
24.66
11
5.28%
24.66
12
5.28%
24.66
13
5.28%
24.66
14
5.28%
24.66
15
5.28%
24.66
16
5.28%
24.66
17
5.28%
24.66
18
2.88%
13.45
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
186.85
60%
48.00%
12%
224.22
12%
9.60%
2.40%
44.84
2%
1.92%
0.48%
8.97
0%
0.38%
0.10%
1.79
0%
0.08%
0.02%
0.36
0%
0.02%
0.00%
0.07
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
174.52
59.32
1.18
1.00
199.56
67.83
2.37
0.93
0.93
20.18
6.86
2.37
0.80
0.80
-15.70
-5.33
2.37
0.69
0.69
-22.87
-7.77
2.37
0.60
0.60
-24.31
-8.26
2.37
0.51
0.51
-24.59
-8.36
2.37
0.44
0.44
-24.65
-8.38
2.37
0.38
0.38
-24.66
-8.38
2.37
0.33
0.33
-24.66
-8.38
2.37
0.28
0.28
-24.66
-8.38
2.37
0.24
0.24
-24.66
-8.38
2.37
0.21
0.21
-24.66
-8.38
2.37
0.18
0.18
-24.66
-8.38
2.37
0.16
0.16
-24.66
-8.38
2.37
0.14
0.14
-24.66
-8.38
2.37
0.12
0.12
-24.66
-8.38
2.37
0.10
0.10
-13.45
-4.57
2.37
0.09
0.09
0.00
0.00
2.37
0.07
0.07
0.00
0.00
2.37
0.06
0.06

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.58
Rs/Unit
Page49

Annexure 4A
(Wind Zone-4)
Assumption
Head
S. No.
Sub-Head
Sub-Head (2)
Unit
Base Case Wind

Zone 4
Power Generation
Capacity
Deration Factor
Useful Life
MW
%
%
Years
1
30%
0.00%
25
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
327
140
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
327
0
10
13.39%
Equity amount
RoE Period
Discount Rate
Rs Lacs
% p.a
Year
% p.a
140
19.00%
10
24.00%
22.00%
15.97%
Income Tax
80 IA benefits
%
%
Yes/No

Years for 7% rate
%
%
2 Project Cost
Capital Cost/MW
467
3 Sources of Fund
13
Debt: Equity
Debt Component
Equity Component
Fiscal Assumptions
Depreciation
33.99%
16.995%
Yes
0.0%
7.00%
1.33%
10
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare

Months
Months
1
15%
2
12.89%
6.87
5.72%
Page50
1
Units Generation
Installed Capacity
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
0.744
0.641
0.553
0.477
0.411
0.354
0.306
0.264
0.227
0.196
0.169
0.146
0.126
0.108
0.093
0.081
0.069
0.060
0.052
0.045
0.038
0.033
0.029
Year--->
1
1
2.63
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
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Year--->
1
6.87
32.70
41.59
2.58
26.63
110.37
2
7.26
32.70
37.21
2.50
26.63
106.31
3
7.68
32.70
32.84
2.43
26.63
102.27
4
8.12
32.70
28.46
2.35
26.63
98.26
5
8.58
32.70
24.08
2.28
26.63
94.27
6
9.08
32.70
19.70
2.21
26.63
90.32
7
9.59
32.70
15.32
2.14
26.63
86.39
8
10.14
32.70
10.95
2.08
26.63
82.49
9
10.72
32.70
6.57
2.01
26.63
78.63
10
11.34
32.70
2.19
1.95
26.63
74.80
11
11.99
6.23
0.00
1.51
33.63
53.35
12
12.67
6.23
0.00
1.54
33.63
54.08
13
13.40
6.23
0.00
1.58
33.63
54.84
14
14.16
6.23
0.00
1.62
33.63
55.64
15
14.97
6.23
0.00
1.66
33.63
56.50
16
15.83
6.23
0.00
1.71
33.63
57.40
17
16.73
6.23
0.00
1.76
33.63
58.35
18
17.69
6.23
0.00
1.81
33.63
59.36
19
18.70
6.23
0.00
1.86
33.63
60.42
20
19.77
6.23
0.00
1.92
33.63
61.55
21
20.90
6.23
0.00
1.98
33.63
62.74
22
22.10
6.23
0.00
2.04
33.63
64.00
23
23.36
6.23
0.00
2.11
33.63
65.33
24
24.70
6.23
0.00
2.18
33.63
66.74
25
26.11
6.23
0.00
2.25
33.63
68.22
1
0.26
1.24
1.58
0.10
1.01
4.20
2
0.28
1.24
1.42
0.10
1.01
4.05
3
0.29
1.24
1.25
0.09
1.01
3.89
4
0.31
1.24
1.08
0.09
1.01
3.74
5
0.33
1.24
0.92
0.09
1.01
3.59
6
0.35
1.24
0.75
0.08
1.01
3.44
7
0.37
1.24
0.58
0.08
1.01
3.29
8
0.39
1.24
0.42
0.08
1.01
3.14
9
0.41
1.24
0.25
0.08
1.01
2.99
10
0.43
1.24
0.08
0.07
1.01
2.85
11
0.46
0.24
0.00
0.06
1.28
2.03
12
0.48
0.24
0.00
0.06
1.28
2.06
13
0.51
0.24
0.00
0.06
1.28
2.09
14
0.54
0.24
0.00
0.06
1.28
2.12
15
0.57
0.24
0.00
0.06
1.28
2.15
16
0.60
0.24
0.00
0.07
1.28
2.18
17
0.64
0.24
0.00
0.07
1.28
2.22
18
0.67
0.24
0.00
0.07
1.28
2.26
19
0.71
0.24
0.00
0.07
1.28
2.30
20
0.75
0.24
0.00
0.07
1.28
2.34
21
0.80
0.24
0.00
0.08
1.28
2.39
22
0.84
0.24
0.00
0.08
1.28
2.44
23
0.89
0.24
0.00
0.08
1.28
2.49
24
0.94
0.24
0.00
0.08
1.28
2.54
25
0.99
0.24
0.00
0.09
1.28
2.60

Unit
Levellised
0.38
O&M expn
Rs/kWh
1.04
Depreciation
Rs/kWh
Int. on term loan
Rs/kWh
0.82
0.08
Rs/kWh
1.07
RoE
Rs/kWh
Total COG
Rs/kWh
3.38
Levellised
Discount Factor
Levellised Tariff
3.38
Rs/Unit
0.862
Unit
MW
MU
0.862
0.744
0.641
0.553
0.477
0.411
0.354
0.306
0.264
0.227
0.196
0.169
0.146
0.126
0.108
0.093
Page51
0.081
0.069
0.060
0.052
0.045
0.038
0.033
0.029

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
467.1
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
12.33
2
5.28%
24.66
3
5.28%
24.66
4
5.28%
24.66
5
5.28%
24.66
6
5.28%
24.66
7
5.28%
24.66
8
5.28%
24.66
9
5.28%
24.66
10
5.28%
24.66
11
5.28%
24.66
12
5.28%
24.66
13
5.28%
24.66
14
5.28%
24.66
15
5.28%
24.66
16
5.28%
24.66
17
5.28%
24.66
18
2.88%
13.45
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
186.85
60%
48.00%
12%
224.22
12%
9.60%
2.40%
44.84
2%
1.92%
0.48%
8.97
0%
0.38%
0.10%
1.79
0%
0.08%
0.02%
0.36
0%
0.02%
0.00%
0.07
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
174.52
59.32
1.31
1.00
199.56
67.83
2.63
0.93
0.93
20.18
6.86
2.63
0.80
0.80
-15.70
-5.33
2.63
0.69
0.69
-22.87
-7.77
2.63
0.60
0.60
-24.31
-8.26
2.63
0.51
0.51
-24.59
-8.36
2.63
0.44
0.44
-24.65
-8.38
2.63
0.38
0.38
-24.66
-8.38
2.63
0.33
0.33
-24.66
-8.38
2.63
0.28
0.28
-24.66
-8.38
2.63
0.24
0.24
-24.66
-8.38
2.63
0.21
0.21
-24.66
-8.38
2.63
0.18
0.18
-24.66
-8.38
2.63
0.16
0.16
-24.66
-8.38
2.63
0.14
0.14
-24.66
-8.38
2.63
0.12
0.12
-24.66
-8.38
2.63
0.10
0.10
-13.45
-4.57
2.63
0.09
0.09
0.00
0.00
2.63
0.07
0.07
0.00
0.00
2.63
0.06
0.06

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.52
Rs/Unit
Page52

Annexure 2A
(Less then 5 MW HP/Uttarakhand/NE)
1.1 Form Template for (HP, Uttarakhand, NE States <5MW) Assumptions Parameters
S. No.
Assumption Head
Sub-Head
Sub-Head (2)
Unit
HP, Uttarakhand, NE
States
Less than 5 MW
1
Power Generation
Capacity
Auxiliary Consumption
Deration Factor
Useful Life
MW
%
1
45%
1%
0.00%
35
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
444
190
Loan Amount
Moratorium Period
Intrest Rate
Rs Lacs
years
years
%
444
0
10
13.39%
%
Years
2 Project Cost
Capital Cost/MW
635
3 Financial Assumption
35
Debt: Equity
Debt Component
Equity Component
Equity amount
Rs Lacs
Normative ROE (Post-tax)
% p.a
RoE Period
Year
% p.a
Discount Rate (equiv. to WACC) 11th year onwards
190
16%
19%
10
24.00%
22.57%
16.14%
Economic Assumptions
Coal Price Escalation
HSD Price Escalation
Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No

Years for 7% rate
%
%
0
0%
0%
16%
0%
Fiscal Assumptions
Depreciation
33.99%
16.995%
Yes
0.0%
7.00%
0.80%
10
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Intrest On Working Capital
Months
Months
1
15%
2
12.89%
0%
22.20
5.72%

O&M Expense
% of base capital cost
power plant (FY 10-11)
Page53
Form 1.2 Form Template for (HP, Uttarakhand, NE States < 5MW) : Determination of Tariff Component
Units Generation
Installed Capacity
Net Generation
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Unit
MW
MU
Year--->
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Year--->

Unit
Levellised
0.73
O&M expn
Rs/kWh
Depreciation
Rs/kWh
0.98
Int. on term loan
Rs/kWh
0.79
0.10
Rs/kWh
1.05
RoE
Rs/kWh
Total COG
Rs/kWh
3.65
Levellised
Discount Factor
Levellised Tariff
3.65
Rs/Unit
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
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
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
12.69
31.75
40.38
2.82
25.85
113.48
13.41
31.75
36.13
2.76
25.85
109.90
14.18
31.75
31.88
2.71
25.85
106.37
14.99
31.75
27.63
2.66
25.85
102.88
15.85
31.75
23.38
2.61
25.85
99.44
16.75
31.75
19.13
2.57
25.85
96.05
17.71
31.75
14.88
2.52
25.85
92.71
18.73
31.75
10.63
2.48
25.85
89.43
19.80
31.75
6.38
2.45
25.85
86.22
20.93
31.75
2.13
2.41
25.85
83.07
22.13
3.63
0.00
1.96
32.65
60.37
23.39
3.63
0.00
2.03
32.65
61.70
24.73
3.63
0.00
2.10
32.65
63.11
26.14
3.63
0.00
2.17
32.65
64.60
27.64
3.63
0.00
2.25
32.65
66.17
29.22
3.63
0.00
2.34
32.65
67.84
30.89
3.63
0.00
2.42
32.65
69.60
32.66
3.63
0.00
2.52
32.65
71.46
34.53
3.63
0.00
2.62
32.65
73.43
36.50
3.63
0.00
2.72
32.65
75.50
38.59
3.63
0.00
2.83
32.65
77.70
40.80
3.63
0.00
2.95
32.65
80.03
43.13
3.63
0.00
3.07
32.65
82.48
45.60
3.63
0.00
3.20
32.65
85.08
48.21
3.63
0.00
3.34
32.65
87.83
50.96
3.63
0.00
3.48
32.65
90.73
53.88
3.63
0.00
3.64
32.65
93.80
56.96
3.63
0.00
3.80
32.65
97.04
60.22
3.63
0.00
3.97
32.65
100.47
63.66
3.63
0.00
4.15
32.65
104.10
67.31
3.63
0.00
4.34
32.65
107.93
71.16
3.63
0.00
4.55
32.65
111.98
75.23
3.63
0.00
4.76
32.65
116.27
79.53
3.63
0.00
4.99
32.65
120.80
84.08
3.63
0.00
5.23
32.65
125.59
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
0.49
1.22
1.55
0.11
0.99
4.36
0.52
1.22
1.39
0.11
0.99
4.22
0.54
1.22
1.23
0.10
0.99
4.09
0.58
1.22
1.06
0.10
0.99
3.95
0.61
1.22
0.90
0.10
0.99
3.82
0.64
1.22
0.74
0.10
0.99
3.69
0.68
1.22
0.57
0.10
0.99
3.56
0.72
1.22
0.41
0.10
0.99
3.44
0.76
1.22
0.25
0.09
0.99
3.31
0.80
1.22
0.08
0.09
0.99
3.19
0.85
0.14
0.00
0.08
1.26
2.32
0.90
0.14
0.00
0.08
1.26
2.37
0.95
0.14
0.00
0.08
1.26
2.43
1.00
0.14
0.00
0.08
1.26
2.48
1.06
0.14
0.00
0.09
1.26
2.54
1.12
0.14
0.00
0.09
1.26
2.61
1.19
0.14
0.00
0.09
1.26
2.68
1.26
0.14
0.00
0.10
1.26
2.75
1.33
0.14
0.00
0.10
1.26
2.82
1.40
0.14
0.00
0.10
1.26
2.90
1.48
0.14
0.00
0.11
1.26
2.99
1.57
0.14
0.00
0.11
1.26
3.08
1.66
0.14
0.00
0.12
1.26
3.17
1.75
0.14
0.00
0.12
1.26
3.27
1.85
0.14
0.00
0.13
1.26
3.38
1.96
0.14
0.00
0.13
1.26
3.49
2.07
0.14
0.00
0.14
1.26
3.61
2.19
0.14
0.00
0.15
1.26
3.73
2.31
0.14
0.00
0.15
1.26
3.86
2.45
0.14
0.00
0.16
1.26
4.00
2.59
0.14
0.00
0.17
1.26
4.15
2.73
0.14
0.00
0.17
1.26
4.30
2.89
0.14
0.00
0.18
1.26
4.47
3.06
0.14
0.00
0.19
1.26
4.64
3.23
0.14
0.00
0.20
1.26
4.83
0.861
0.741
0.638
0.550
0.473
0.407
0.351
0.302
0.260
0.224
0.193
0.166
0.143
0.123
0.106
0.091
0.079
0.068
0.058
0.050
0.043
0.037
0.032
0.028
Page54
0.024
0.020
0.018
0.015
0.013
0.011
0.010
0.008
0.007
0.006
Determination of Accelerated Depreciation

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
17%
33.99%
634.9
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
16.76
2
5.28%
33.52
3
5.28%
33.52
4
5.28%
33.52
5
5.28%
33.52
6
5.28%
33.52
7
5.28%
33.52
8
5.28%
33.52
9
5.28%
33.52
10
5.28%
33.52
11
5.28%
33.52
12
5.28%
33.52
13
5.28%
33.52
14
5.28%
33.52
15
5.28%
33.52
16
5.28%
33.52
17
5.28%
33.52
18
2.88%
18.29
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
26
0.00%
0.00
27
0.00%
0.00
28
0.00%
0.00
29
0.00%
0.00
30
0.00%
0.00
31
0.00%
0.00
32
0.00%
0.00
33
0.00%
0.00
34
0.00%
0.00
35
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
253.97
60%
48.00%
12%
304.77
12%
9.60%
2.40%
60.95
2%
1.92%
0.48%
12.19
0%
0.38%
0.10%
2.44
0%
0.08%
0.02%
0.49
0%
0.02%
0.00%
0.10
0%
0.00%
0.00%
0.02
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
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
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
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
237.21
80.63
1.95
1.00
271.24
92.20
3.90
0.93
27.43
9.32
3.90
0.80
-21.33
-7.25
3.90
0.69
-31.09
-10.57
3.90
0.59
-33.04
-11.23
3.90
0.51
-33.43
-11.36
3.90
0.44
-33.51
-11.39
3.90
0.38
-33.52
-11.39
3.90
0.33
-33.52
-11.39
3.90
0.28
-33.52
-11.39
3.90
0.24
-33.52
-11.40
3.90
0.21
-33.52
-11.40
3.90
0.18
-33.52
-11.40
3.90
0.15
-33.52
-11.40
3.90
0.13
-33.52
-11.40
3.90
0.11
-33.52
-11.40
3.90
0.10
-18.29
-6.22
3.90
0.08
0.00
0.00
3.90
0.07
0.00
0.00
3.90
0.06
0.00
0.00
3.90
0.05
0.00
0.00
3.90
0.05
0.00
0.00
3.90
0.04
0.00
0.00
3.90
0.03
0.00
0.00
3.90
0.03
0.00
0.00
3.90
0.03
0.00
0.00
3.90
0.02
0.00
0.00
3.90
0.02
0.00
0.00
3.90
0.02
0.00
0.00
3.90
0.01
0.00
0.00
3.90
0.01
0.00
0.00
3.90
0.01
0.00
0.00
3.90
0.01
0.00
0.00
3.90
0.01
0.00
0.00
3.90
0.01

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.48
Rs/Unit
Page55

Annexure 2B
(5 MW to 25 MWHP/Uttarakhand/NE)
1.1 Form Template for (HP, Uttarakhand, NE States 5MW to 25MW) Assumptions Parameters
S. No.
Assumption Head
Sub-Head
Sub-Head (2)
Unit
HP, Uttarakhand, NE
States
5 MW to 25 MW
1
Power Generation
Capacity
Deration Factor
Useful Life
MW
%
1
45%
1%
0.00%
35
%
Years
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
400
171
Loan Amount
Moratorium Period
Intrest Rate
Rs Lacs
years
years
%
400
0
10
13.39%
2 Project Cost
Capital Cost/MW
571
13
Debt: Equity
Debt Component
Equity Component
Equity amount
Rs Lacs
% p.a
RoE Period
Year
% p.a
171
16%
19%
10
24.00%
22.57%
16.14%
0
0%
0%
16%
0%
Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No

Years for 7% rate
%
%
Fiscal Assumptions
Depreciation
33.99%
16.995%
Yes
0.0%
7.00%
0.80%
10
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Months
Months
1
15%
2
12.89%
0%
15.86
5.72%

O&M Expense
Page56
Form 1.2 Form Template for (HP, Uttarakhand, NE States 5MW to 25MW) : Determination of Tariff Component
Units Generation
Installed Capacity
Net Generation
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Unit
MW
MU
Year--->
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Year--->

Unit
Levellised
0.73
O&M expn
Rs/kWh
Depreciation
Rs/kWh
0.98
Int. on term loan
Rs/kWh
0.79
0.10
Rs/kWh
1.05
RoE
Rs/kWh
Total COG
Rs/kWh
3.65
Levellised
Discount Factor
Levellised Tariff
3.65
Rs/Unit
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
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
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
12.69
31.75
40.38
2.82
25.85
113.48
13.41
31.75
36.13
2.76
25.85
109.90
14.18
31.75
31.88
2.71
25.85
106.37
14.99
31.75
27.63
2.66
25.85
102.88
15.85
31.75
23.38
2.61
25.85
99.44
16.75
31.75
19.13
2.57
25.85
96.05
17.71
31.75
14.88
2.52
25.85
92.71
18.73
31.75
10.63
2.48
25.85
89.43
19.80
31.75
6.38
2.45
25.85
86.22
20.93
31.75
2.13
2.41
25.85
83.07
22.13
3.63
0.00
1.96
32.65
60.37
23.39
3.63
0.00
2.03
32.65
61.70
24.73
3.63
0.00
2.10
32.65
63.11
26.14
3.63
0.00
2.17
32.65
64.60
27.64
3.63
0.00
2.25
32.65
66.17
29.22
3.63
0.00
2.34
32.65
67.84
30.89
3.63
0.00
2.42
32.65
69.60
32.66
3.63
0.00
2.52
32.65
71.46
34.53
3.63
0.00
2.62
32.65
73.43
36.50
3.63
0.00
2.72
32.65
75.50
38.59
3.63
0.00
2.83
32.65
77.70
40.80
3.63
0.00
2.95
32.65
80.03
43.13
3.63
0.00
3.07
32.65
82.48
45.60
3.63
0.00
3.20
32.65
85.08
48.21
3.63
0.00
3.34
32.65
87.83
50.96
3.63
0.00
3.48
32.65
90.73
53.88
3.63
0.00
3.64
32.65
93.80
56.96
3.63
0.00
3.80
32.65
97.04
60.22
3.63
0.00
3.97
32.65
100.47
63.66
3.63
0.00
4.15
32.65
104.10
67.31
3.63
0.00
4.34
32.65
107.93
71.16
3.63
0.00
4.55
32.65
111.98
75.23
3.63
0.00
4.76
32.65
116.27
79.53
3.63
0.00
4.99
32.65
120.80
84.08
3.63
0.00
5.23
32.65
125.59
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
0.49
1.22
1.55
0.11
0.99
4.36
0.52
1.22
1.39
0.11
0.99
4.22
0.54
1.22
1.23
0.10
0.99
4.09
0.58
1.22
1.06
0.10
0.99
3.95
0.61
1.22
0.90
0.10
0.99
3.82
0.64
1.22
0.74
0.10
0.99
3.69
0.68
1.22
0.57
0.10
0.99
3.56
0.72
1.22
0.41
0.10
0.99
3.44
0.76
1.22
0.25
0.09
0.99
3.31
0.80
1.22
0.08
0.09
0.99
3.19
0.85
0.14
0.00
0.08
1.26
2.32
0.90
0.14
0.00
0.08
1.26
2.37
0.95
0.14
0.00
0.08
1.26
2.43
1.00
0.14
0.00
0.08
1.26
2.48
1.06
0.14
0.00
0.09
1.26
2.54
1.12
0.14
0.00
0.09
1.26
2.61
1.19
0.14
0.00
0.09
1.26
2.68
1.26
0.14
0.00
0.10
1.26
2.75
1.33
0.14
0.00
0.10
1.26
2.82
1.40
0.14
0.00
0.10
1.26
2.90
1.48
0.14
0.00
0.11
1.26
2.99
1.57
0.14
0.00
0.11
1.26
3.08
1.66
0.14
0.00
0.12
1.26
3.17
1.75
0.14
0.00
0.12
1.26
3.27
1.85
0.14
0.00
0.13
1.26
3.38
1.96
0.14
0.00
0.13
1.26
3.49
2.07
0.14
0.00
0.14
1.26
3.61
2.19
0.14
0.00
0.15
1.26
3.73
2.31
0.14
0.00
0.15
1.26
3.86
2.45
0.14
0.00
0.16
1.26
4.00
2.59
0.14
0.00
0.17
1.26
4.15
2.73
0.14
0.00
0.17
1.26
4.30
2.89
0.14
0.00
0.18
1.26
4.47
3.06
0.14
0.00
0.19
1.26
4.64
3.23
0.14
0.00
0.20
1.26
4.83
0.861
0.741
0.638
0.550
0.473
0.407
0.351
0.302
0.260
0.224
0.193
0.166
0.143
0.123
0.106
0.091
0.079
0.068
0.058
0.050
0.043
0.037
0.032
0.028
Page57
0.024
0.020
0.018
0.015
0.013
0.011
0.010
0.008
0.007
0.006

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
17%
33.99%
571.4
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
15.09
2
5.28%
30.17
3
5.28%
30.17
4
5.28%
30.17
5
5.28%
30.17
6
5.28%
30.17
7
5.28%
30.17
8
5.28%
30.17
9
5.28%
30.17
10
5.28%
30.17
11
5.28%
30.17
12
5.28%
30.17
13
5.28%
30.17
14
5.28%
30.17
15
5.28%
30.17
16
5.28%
30.17
17
5.28%
30.17
18
2.88%
16.46
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
26
0.00%
0.00
27
0.00%
0.00
28
0.00%
0.00
29
0.00%
0.00
30
0.00%
0.00
31
0.00%
0.00
32
0.00%
0.00
33
0.00%
0.00
34
0.00%
0.00
35
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
228.58
60%
48.00%
12%
274.29
12%
9.60%
2.40%
54.86
2%
1.92%
0.48%
10.97
0%
0.38%
0.10%
2.19
0%
0.08%
0.02%
0.44
0%
0.02%
0.00%
0.09
0%
0.00%
0.00%
0.02
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
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
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
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
213.49
72.57
1.95
1.00
244.12
82.98
3.90
0.93
24.69
8.39
3.90
0.80
-19.20
-6.53
3.90
0.69
-27.98
-9.51
3.90
0.59
-29.73
-10.11
3.90
0.51
-30.08
-10.23
3.90
0.44
-30.15
-10.25
3.90
0.38
-30.17
-10.25
3.90
0.33
-30.17
-10.26
3.90
0.28
-30.17
-10.26
3.90
0.24
-30.17
-10.26
3.90
0.21
-30.17
-10.26
3.90
0.18
-30.17
-10.26
3.90
0.15
-30.17
-10.26
3.90
0.13
-30.17
-10.26
3.90
0.11
-30.17
-10.26
3.90
0.10
-16.46
-5.59
3.90
0.08
0.00
0.00
3.90
0.07
0.00
0.00
3.90
0.06
0.00
0.00
3.90
0.05
0.00
0.00
3.90
0.05
0.00
0.00
3.90
0.04
0.00
0.00
3.90
0.03
0.00
0.00
3.90
0.03
0.00
0.00
3.90
0.03
0.00
0.00
3.90
0.02
0.00
0.00
3.90
0.02
0.00
0.00
3.90
0.02
0.00
0.00
3.90
0.01
0.00
0.00
3.90
0.01
0.00
0.00
3.90
0.01
0.00
0.00
3.90
0.01
0.00
0.00
3.90
0.01
0.00
0.00
3.90
0.01

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.43
Rs/Unit
Page58

Annexure 2C
(Less Than 5 MW Other States)
1.1 Form Template for (Other States <5MW) Assumptions Parameters
S. No.
Assumption Head
Sub-Head
Sub-Head (2)
Unit
Other States
Less than 5 MW
1
Power Generation
Capacity
Deration Factor
Useful Life
MW
%
1
30%
1%
0.00%
35
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
349
150
Loan Amount
Moratorium Period
Intrest Rate
Rs Lacs
years
years
%
349
0
10
13.39%
%
Years
2 Project Cost
Capital Cost/MW
499
35
Debt: Equity
Debt Component
Equity Component
Equity amount
Rs Lacs
% p.a
RoE Period
Year
% p.a
150
16%
19%
10
24.00%
22.57%
16.14%
Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No

Years for 7% rate
%
%
0
0%
0%
16%
0%
Fiscal Assumptions
Depreciation
33.99%
16.995%
Yes
0.0%
7.00%
0.80%
10
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Months
Months
1
15%
2
12.89%
0%
17.97
5.72%

O&M Expense
Page59
Form 1.2 Form Template for Other States < 5MW) : Determination of Tariff Component
Units Generation
Installed Capacity
Net Generation
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Unit
MW
MU
Year--->
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Year--->

Unit
Levellised
0.73
O&M expn
Rs/kWh
Depreciation
Rs/kWh
0.98
Int. on term loan
Rs/kWh
0.79
0.10
Rs/kWh
1.05
RoE
Rs/kWh
Total COG
Rs/kWh
3.65
Levellised
Discount Factor
Levellised Tariff
3.65
Rs/Unit
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
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
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
12.69
31.75
40.38
2.82
25.85
113.48
13.41
31.75
36.13
2.76
25.85
109.90
14.18
31.75
31.88
2.71
25.85
106.37
14.99
31.75
27.63
2.66
25.85
102.88
15.85
31.75
23.38
2.61
25.85
99.44
16.75
31.75
19.13
2.57
25.85
96.05
17.71
31.75
14.88
2.52
25.85
92.71
18.73
31.75
10.63
2.48
25.85
89.43
19.80
31.75
6.38
2.45
25.85
86.22
20.93
31.75
2.13
2.41
25.85
83.07
22.13
3.63
0.00
1.96
32.65
60.37
23.39
3.63
0.00
2.03
32.65
61.70
24.73
3.63
0.00
2.10
32.65
63.11
26.14
3.63
0.00
2.17
32.65
64.60
27.64
3.63
0.00
2.25
32.65
66.17
29.22
3.63
0.00
2.34
32.65
67.84
30.89
3.63
0.00
2.42
32.65
69.60
32.66
3.63
0.00
2.52
32.65
71.46
34.53
3.63
0.00
2.62
32.65
73.43
36.50
3.63
0.00
2.72
32.65
75.50
38.59
3.63
0.00
2.83
32.65
77.70
40.80
3.63
0.00
2.95
32.65
80.03
43.13
3.63
0.00
3.07
32.65
82.48
45.60
3.63
0.00
3.20
32.65
85.08
48.21
3.63
0.00
3.34
32.65
87.83
50.96
3.63
0.00
3.48
32.65
90.73
53.88
3.63
0.00
3.64
32.65
93.80
56.96
3.63
0.00
3.80
32.65
97.04
60.22
3.63
0.00
3.97
32.65
100.47
63.66
3.63
0.00
4.15
32.65
104.10
67.31
3.63
0.00
4.34
32.65
107.93
71.16
3.63
0.00
4.55
32.65
111.98
75.23
3.63
0.00
4.76
32.65
116.27
79.53
3.63
0.00
4.99
32.65
120.80
84.08
3.63
0.00
5.23
32.65
125.59
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
0.49
1.22
1.55
0.11
0.99
4.36
0.52
1.22
1.39
0.11
0.99
4.22
0.54
1.22
1.23
0.10
0.99
4.09
0.58
1.22
1.06
0.10
0.99
3.95
0.61
1.22
0.90
0.10
0.99
3.82
0.64
1.22
0.74
0.10
0.99
3.69
0.68
1.22
0.57
0.10
0.99
3.56
0.72
1.22
0.41
0.10
0.99
3.44
0.76
1.22
0.25
0.09
0.99
3.31
0.80
1.22
0.08
0.09
0.99
3.19
0.85
0.14
0.00
0.08
1.26
2.32
0.90
0.14
0.00
0.08
1.26
2.37
0.95
0.14
0.00
0.08
1.26
2.43
1.00
0.14
0.00
0.08
1.26
2.48
1.06
0.14
0.00
0.09
1.26
2.54
1.12
0.14
0.00
0.09
1.26
2.61
1.19
0.14
0.00
0.09
1.26
2.68
1.26
0.14
0.00
0.10
1.26
2.75
1.33
0.14
0.00
0.10
1.26
2.82
1.40
0.14
0.00
0.10
1.26
2.90
1.48
0.14
0.00
0.11
1.26
2.99
1.57
0.14
0.00
0.11
1.26
3.08
1.66
0.14
0.00
0.12
1.26
3.17
1.75
0.14
0.00
0.12
1.26
3.27
1.85
0.14
0.00
0.13
1.26
3.38
1.96
0.14
0.00
0.13
1.26
3.49
2.07
0.14
0.00
0.14
1.26
3.61
2.19
0.14
0.00
0.15
1.26
3.73
2.31
0.14
0.00
0.15
1.26
3.86
2.45
0.14
0.00
0.16
1.26
4.00
2.59
0.14
0.00
0.17
1.26
4.15
2.73
0.14
0.00
0.17
1.26
4.30
2.89
0.14
0.00
0.18
1.26
4.47
3.06
0.14
0.00
0.19
1.26
4.64
3.23
0.14
0.00
0.20
1.26
4.83
0.861
0.741
0.638
0.550
0.473
0.407
0.351
0.302
0.260
0.224
0.193
0.166
0.143
0.123
0.106
0.091
0.079
0.068
0.058
0.050
0.043
0.037
0.032
0.028
Page60
0.024
0.020
0.018
0.015
0.013
0.011
0.010
0.008
0.007
0.006

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
17%
33.99%
498.9
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
13.17
2
5.28%
26.34
3
5.28%
26.34
4
5.28%
26.34
5
5.28%
26.34
6
5.28%
26.34
7
5.28%
26.34
8
5.28%
26.34
9
5.28%
26.34
10
5.28%
26.34
11
5.28%
26.34
12
5.28%
26.34
13
5.28%
26.34
14
5.28%
26.34
15
5.28%
26.34
16
5.28%
26.34
17
5.28%
26.34
18
2.88%
14.37
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
26
0.00%
0.00
27
0.00%
0.00
28
0.00%
0.00
29
0.00%
0.00
30
0.00%
0.00
31
0.00%
0.00
32
0.00%
0.00
33
0.00%
0.00
34
0.00%
0.00
35
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
199.55
60%
48.00%
12%
239.46
12%
9.60%
2.40%
47.89
2%
1.92%
0.48%
9.58
0%
0.38%
0.10%
1.92
0%
0.08%
0.02%
0.38
0%
0.02%
0.00%
0.08
0%
0.00%
0.00%
0.02
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
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
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
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
186.38
63.35
1.30
1.00
213.12
72.44
2.60
0.93
21.55
7.33
2.60
0.80
-16.76
-5.70
2.60
0.69
-24.43
-8.30
2.60
0.59
-25.96
-8.82
2.60
0.51
-26.26
-8.93
2.60
0.44
-26.33
-8.95
2.60
0.38
-26.34
-8.95
2.60
0.33
-26.34
-8.95
2.60
0.28
-26.34
-8.95
2.60
0.24
-26.34
-8.95
2.60
0.21
-26.34
-8.95
2.60
0.18
-26.34
-8.95
2.60
0.15
-26.34
-8.95
2.60
0.13
-26.34
-8.95
2.60
0.11
-26.34
-8.95
2.60
0.10
-14.37
-4.88
2.60
0.08
0.00
0.00
2.60
0.07
0.00
0.00
2.60
0.06
0.00
0.00
2.60
0.05
0.00
0.00
2.60
0.05
0.00
0.00
2.60
0.04
0.00
0.00
2.60
0.03
0.00
0.00
2.60
0.03
0.00
0.00
2.60
0.03
0.00
0.00
2.60
0.02
0.00
0.00
2.60
0.02
0.00
0.00
2.60
0.02
0.00
0.00
2.60
0.01
0.00
0.00
2.60
0.01
0.00
0.00
2.60
0.01
0.00
0.00
2.60
0.01
0.00
0.00
2.60
0.01
0.00
0.00
2.60
0.01

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.57
Rs/Unit
Page61

Annexure 2D
(5 MW to 25 MW Other States)
1.1 Form Template for (Other States 5MW to 25MW) Assumptions Parameters
S. No.
Assumption Head
Sub-Head
Sub-Head (2)
Unit
Other States
5 MW to 25 MW
1
Power Generation
Capacity
Deration Factor
Useful Life
MW
%
1
30%
1%
0.00%
35
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
317
136
Loan Amount
Moratorium Period
Intrest Rate
Rs Lacs
years
years
%
317
0
10
13.39%
%
Years
2 Project Cost
Capital Cost/MW
454
13
Debt: Equity
Debt Component
Equity Component
Equity amount
Rs Lacs
% p.a
RoE Period
Year
% p.a
136
16%
19%
10
24.00%
22.57%
16.14%
0
0%
0%
16%
0%
Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No

Years for 7% rate
%
%
Fiscal Assumptions
Depreciation
33.99%
16.995%
Yes
0.0%
7.00%
0.80%
10
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Months
Months
1
15%
2
12.89%
0%
12.69
5.72%

O&M Expense
Page62
Form 1.2 Form Template for (OtherStates 5MW to 25 MW) : Determination of Tariff Component
Units Generation
Installed Capacity
Net Generation
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Unit
MW
MU
Year--->
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Year--->

Unit
Levellised
0.73
O&M expn
Rs/kWh
Depreciation
Rs/kWh
0.98
Int. on term loan
Rs/kWh
0.79
0.10
Rs/kWh
1.05
RoE
Rs/kWh
Total COG
Rs/kWh
3.65
Levellised
Discount Factor
Levellised Tariff
3.65
Rs/Unit
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
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
1
2.60
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
12.69
31.75
40.38
2.82
25.85
113.48
13.41
31.75
36.13
2.76
25.85
109.90
14.18
31.75
31.88
2.71
25.85
106.37
14.99
31.75
27.63
2.66
25.85
102.88
15.85
31.75
23.38
2.61
25.85
99.44
16.75
31.75
19.13
2.57
25.85
96.05
17.71
31.75
14.88
2.52
25.85
92.71
18.73
31.75
10.63
2.48
25.85
89.43
19.80
31.75
6.38
2.45
25.85
86.22
20.93
31.75
2.13
2.41
25.85
83.07
22.13
3.63
0.00
1.96
32.65
60.37
23.39
3.63
0.00
2.03
32.65
61.70
24.73
3.63
0.00
2.10
32.65
63.11
26.14
3.63
0.00
2.17
32.65
64.60
27.64
3.63
0.00
2.25
32.65
66.17
29.22
3.63
0.00
2.34
32.65
67.84
30.89
3.63
0.00
2.42
32.65
69.60
32.66
3.63
0.00
2.52
32.65
71.46
34.53
3.63
0.00
2.62
32.65
73.43
36.50
3.63
0.00
2.72
32.65
75.50
38.59
3.63
0.00
2.83
32.65
77.70
40.80
3.63
0.00
2.95
32.65
80.03
43.13
3.63
0.00
3.07
32.65
82.48
45.60
3.63
0.00
3.20
32.65
85.08
48.21
3.63
0.00
3.34
32.65
87.83
50.96
3.63
0.00
3.48
32.65
90.73
53.88
3.63
0.00
3.64
32.65
93.80
56.96
3.63
0.00
3.80
32.65
97.04
60.22
3.63
0.00
3.97
32.65
100.47
63.66
3.63
0.00
4.15
32.65
104.10
67.31
3.63
0.00
4.34
32.65
107.93
71.16
3.63
0.00
4.55
32.65
111.98
75.23
3.63
0.00
4.76
32.65
116.27
79.53
3.63
0.00
4.99
32.65
120.80
84.08
3.63
0.00
5.23
32.65
125.59
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
0.49
1.22
1.55
0.11
0.99
4.36
0.52
1.22
1.39
0.11
0.99
4.22
0.54
1.22
1.23
0.10
0.99
4.09
0.58
1.22
1.06
0.10
0.99
3.95
0.61
1.22
0.90
0.10
0.99
3.82
0.64
1.22
0.74
0.10
0.99
3.69
0.68
1.22
0.57
0.10
0.99
3.56
0.72
1.22
0.41
0.10
0.99
3.44
0.76
1.22
0.25
0.09
0.99
3.31
0.80
1.22
0.08
0.09
0.99
3.19
0.85
0.14
0.00
0.08
1.26
2.32
0.90
0.14
0.00
0.08
1.26
2.37
0.95
0.14
0.00
0.08
1.26
2.43
1.00
0.14
0.00
0.08
1.26
2.48
1.06
0.14
0.00
0.09
1.26
2.54
1.12
0.14
0.00
0.09
1.26
2.61
1.19
0.14
0.00
0.09
1.26
2.68
1.26
0.14
0.00
0.10
1.26
2.75
1.33
0.14
0.00
0.10
1.26
2.82
1.40
0.14
0.00
0.10
1.26
2.90
1.48
0.14
0.00
0.11
1.26
2.99
1.57
0.14
0.00
0.11
1.26
3.08
1.66
0.14
0.00
0.12
1.26
3.17
1.75
0.14
0.00
0.12
1.26
3.27
1.85
0.14
0.00
0.13
1.26
3.38
1.96
0.14
0.00
0.13
1.26
3.49
2.07
0.14
0.00
0.14
1.26
3.61
2.19
0.14
0.00
0.15
1.26
3.73
2.31
0.14
0.00
0.15
1.26
3.86
2.45
0.14
0.00
0.16
1.26
4.00
2.59
0.14
0.00
0.17
1.26
4.15
2.73
0.14
0.00
0.17
1.26
4.30
2.89
0.14
0.00
0.18
1.26
4.47
3.06
0.14
0.00
0.19
1.26
4.64
3.23
0.14
0.00
0.20
1.26
4.83
0.861
0.741
0.638
0.550
0.473
0.407
0.351
0.302
0.260
0.224
0.193
0.166
0.143
0.123
0.106
0.091
0.079
0.068
0.058
0.050
0.043
0.037
0.032
0.028
Page63
0.024
0.020
0.018
0.015
0.013
0.011
0.010
0.008
0.007
0.006

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
17%
33.99%
453.5
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
11.97
2
5.28%
23.95
3
5.28%
23.95
4
5.28%
23.95
5
5.28%
23.95
6
5.28%
23.95
7
5.28%
23.95
8
5.28%
23.95
9
5.28%
23.95
10
5.28%
23.95
11
5.28%
23.95
12
5.28%
23.95
13
5.28%
23.95
14
5.28%
23.95
15
5.28%
23.95
16
5.28%
23.95
17
5.28%
23.95
18
2.88%
13.06
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
26
0.00%
0.00
27
0.00%
0.00
28
0.00%
0.00
29
0.00%
0.00
30
0.00%
0.00
31
0.00%
0.00
32
0.00%
0.00
33
0.00%
0.00
34
0.00%
0.00
35
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
181.41
60%
48.00%
12%
217.69
12%
9.60%
2.40%
43.54
2%
1.92%
0.48%
8.71
0%
0.38%
0.10%
1.74
0%
0.08%
0.02%
0.35
0%
0.02%
0.00%
0.07
0%
0.00%
0.00%
0.01
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
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
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
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
169.44
57.59
1.30
1.00
193.75
65.85
2.60
0.93
19.59
6.66
2.60
0.80
-15.24
-5.18
2.60
0.69
-22.20
-7.55
2.60
0.59
-23.60
-8.02
2.60
0.51
-23.88
-8.12
2.60
0.44
-23.93
-8.13
2.60
0.38
-23.94
-8.14
2.60
0.33
-23.95
-8.14
2.60
0.28
-23.95
-8.14
2.60
0.24
-23.95
-8.14
2.60
0.21
-23.95
-8.14
2.60
0.18
-23.95
-8.14
2.60
0.15
-23.95
-8.14
2.60
0.13
-23.95
-8.14
2.60
0.11
-23.95
-8.14
2.60
0.10
-13.06
-4.44
2.60
0.08
0.00
0.00
2.60
0.07
0.00
0.00
2.60
0.06
0.00
0.00
2.60
0.05
0.00
0.00
2.60
0.05
0.00
0.00
2.60
0.04
0.00
0.00
2.60
0.03
0.00
0.00
2.60
0.03
0.00
0.00
2.60
0.03
0.00
0.00
2.60
0.02
0.00
0.00
2.60
0.02
0.00
0.00
2.60
0.02
0.00
0.00
2.60
0.01
0.00
0.00
2.60
0.01
0.00
0.00
2.60
0.01
0.00
0.00
2.60
0.01
0.00
0.00
2.60
0.01
0.00
0.00
2.60
0.01

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.51
Rs/Unit
Page64

Annexure 3A
2.1 Form Template for Biomass Power Projects- Andhra Pradesh
S. No.
Assumption Head
1 Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
Installed Power Generation 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
2
Project Cost
Capital Cost/MW
1
10%
10%
60%
70%
80%
20
Power Plant Cost
Rs Lacs/MW
402.54
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
281.78
120.76
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
281.78
0
10
13.39%
Equity amount
RoE Period
Return on Equity after 10 years
Rs Lacs
% p.a
Year
120.76
19.00%
10.00
24.00%
Financial Assumptions
Debt: Equity
Debt Component
Equity Component

Discount Rate (equiv. to WACC)
4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No
Depreciation Rate(power plant)

Years for 7% depreciation rate
%
%
0%
0%
16%
Fiscal Assumptions
33.99%
16.995%
Yes
Depreciation
Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock
7.00%
2.00%
10.00
Fuel Related Assumptions

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%
After Stabilisation period

During Stablization Period
Kcal/kwh
Kcal/kwh
3800
3800
Base Price(FY10-11)
GCV - Biomass
Biomass Price Escalation Factor
Rs/T
Kcal/kg
1343
3275
5%
Biomass
Operation & Maintenance

Generation and Sale Of Energy

Working Hours/Day
No. of Days
Total No. of Hours
Hrs
Days
Hrs
21.41
5.72%
24
365
8760
Page65
2.2 Form Template for (Biomass Power Projects) : Determination of Tariff Component
1
0.863
0.745
0.644
0.556
0.480
0.414
0.358
0.309
0.267
0.230
0.199
0.172
0.148
0.128
0.110
0.095
0.082
0.071
0.061
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
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
1
88.72
1.73
2
114.65
1.82
3
120.38
1.91
4
126.40
2.00
5
132.72
2.10
6
139.36
2.21
7
146.32
2.32
8
153.64
2.44
9
161.32
2.56
10
169.39
2.69
11
177.86
2.82
12
186.75
2.96
13
196.09
3.11
14
205.89
3.26
15
216.19
3.43
16
227.00
3.60
17
238.35
3.78
18
250.26
3.97
19
262.78
4.17
20
275.92
4.37
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
1
21.41
28.18
35.84
8.88
22.94
117.25
2.29
2
22.63
28.18
32.07
10.57
22.94
116.39
1.85
3
23.93
28.18
28.29
10.93
22.94
114.28
1.81
4
25.30
28.18
24.52
11.32
22.94
112.26
1.78
5
26.74
28.18
20.75
11.73
22.94
110.34
1.75
6
28.27
28.18
16.98
12.16
22.94
108.53
1.72
7
29.89
28.18
13.20
12.62
22.94
106.84
1.69
8
31.60
28.18
9.43
13.11
22.94
105.27
1.67
9
33.41
28.18
5.66
13.63
22.94
103.82
1.65
10
35.32
28.18
1.89
14.18
22.94
102.51
1.63
11
37.34
8.05
0.00
14.49
28.98
88.87
1.41
12
39.47
8.05
0.00
15.19
28.98
91.70
1.45
13
41.73
8.05
0.00
15.93
28.98
94.69
1.50
14
44.12
8.05
0.00
16.70
28.98
97.85
1.55
15
46.64
8.05
0.00
17.51
28.98
101.18
1.60
16
49.31
8.05
0.00
18.36
28.98
104.70
1.66
17
52.13
8.05
0.00
19.26
28.98
108.42
1.72
18
55.11
8.05
0.00
20.20
28.98
112.35
1.78
19
58.27
8.05
0.00
21.19
28.98
116.49
1.85
20
61.60
8.05
0.00
22.23
28.98
120.86
1.92
Levellised
2.30
0.48
0.40
0.32
0.20
0.39
4.09
1
1.73
0.42
0.55
0.70
0.17
0.45
4.02
2
1.82
0.36
0.45
0.51
0.17
0.36
3.66
3
1.91
0.38
0.45
0.45
0.17
0.36
3.72
4
2.00
0.40
0.45
0.39
0.18
0.36
3.78
5
2.10
0.42
0.45
0.33
0.19
0.36
3.85
6
2.21
0.45
0.45
0.27
0.19
0.36
3.93
7
2.32
0.47
0.45
0.21
0.20
0.36
4.01
8
2.44
0.50
0.45
0.15
0.21
0.36
4.10
9
2.56
0.53
0.45
0.09
0.22
0.36
4.20
10
2.69
0.56
0.45
0.03
0.22
0.36
4.31
11
2.82
0.59
0.13
0.00
0.23
0.46
4.23
12
2.96
0.63
0.13
0.00
0.24
0.46
4.41
13
3.11
0.66
0.13
0.00
0.25
0.46
4.61
14
3.26
0.70
0.13
0.00
0.26
0.46
4.82
15
3.43
0.74
0.13
0.00
0.28
0.46
5.03
16
3.60
0.78
0.13
0.00
0.29
0.46
5.26
17
3.78
0.83
0.13
0.00
0.31
0.46
5.50
18
3.97
0.87
0.13
0.00
0.32
0.46
5.75
19
4.17
0.92
0.13
0.00
0.34
0.46
6.01
20
4.37
0.98
0.13
0.00
0.35
0.46
6.29
Units Generation
Installed Capacity
Gross Generation
Net Generation

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
Variable Cost
Fixed Cost
Levellised Tariff (Variable)
Variable Cost (FY10-11)
Levellised Tariff (Fixed)
Applicable Tariff FY 10-11 (Rs/Unit )
Unit
Year -->
1
1
117.7
92.1
2
0.863
144.9
113.4
3
0.745
144.9
113.4
4
0.644
144.9
113.4
5
0.556
144.9
113.4
6
0.480
144.9
113.4
7
0.414
144.9
113.4
8
0.358
144.9
113.4
9
0.309
144.9
113.4
10
0.267
144.9
113.4
11
0.230
144.9
113.4
12
0.199
144.9
113.4
13
0.172
144.9
113.4
14
0.148
144.9
113.4
2.30
1.73
1.80
3.53
Page66
15
0.128
144.9
113.4
16
0.110
144.9
113.4
17
0.095
144.9
113.4
18
0.082
144.9
113.4
19
0.071
144.9
113.4
20
0.061
144.9
113.4
Determination of Accelerated Depreciation for Biomass Power Project

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
402.5
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.63
2
5.28%
21.25
3
5.28%
21.25
4
5.28%
21.25
5
5.28%
21.25
6
5.28%
21.25
7
5.28%
21.25
8
5.28%
21.25
9
5.28%
21.25
10
5.28%
21.25
11
5.28%
21.25
12
5.28%
21.25
13
5.28%
21.25
14
5.28%
21.25
15
5.28%
21.25
16
5.28%
21.25
17
5.28%
21.25
18
2.88%
11.59
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
161.02
60%
48.00%
12%
193.22
12%
9.60%
2.40%
38.64
2%
1.92%
0.48%
7.73
0%
0.38%
0.10%
1.55
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
150.39
51.12
2.56
1.00
171.96
58.45
6.31
0.93
17.39
5.91
6.31
0.80
-13.53
-4.60
6.31
0.69
-19.71
-6.70
6.31
0.60
-20.94
-7.12
6.31
0.52
-21.19
-7.20
6.31
0.45
-21.24
-7.22
6.31
0.38
-21.25
-7.22
6.31
0.33
-21.25
-7.22
6.31
0.29
-21.25
-7.22
6.31
0.25
-21.25
-7.22
6.31
0.21
-21.25
-7.22
6.31
0.18
-21.25
-7.22
6.31
0.16
-21.25
-7.22
6.31
0.14
-21.25
-7.22
6.31
0.12
-21.25
-7.22
6.31
0.10
-11.59
-3.94
6.31
0.09
0.00
0.00
6.31
0.08
0.00
0.00
6.31
0.07

Tax Benefit
Net Energy generation
Discounting Factor
Levellised benefit
0.19
(Rs/kWh)
Page67

Annexure 3B
2.1 Form Template for Biomass Power Projects- Haryana
S. No.
Assumption Head
1 Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
402.54
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
281.78
120.76
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
281.78
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
120.76
19.00%
10.00
24.00%
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No

%
%
0%
0%
16%
Fiscal Assumptions
33.99%
16.995%
Yes
Depreciation
7.00%
2.00%
10.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3800
3800
Base Price(FY10-11)
GCV - Biomass
Rs/T
Kcal/kg
2238
3458
5%
Biomass

8 Generation and Sale Of Energy

Working Hours/Day
No. of Days
Total No. of Hours
Hrs
Days
Hrs
21.41
5.72%
24
365
8760
Page68
2.2 Form Template for (Biomass Power Projects - Haryana) : Determination of Tariff Component
1
0.745
0.644
0.556
0.480
0.414
0.358
0.309
0.267
0.230
0.199
0.172
0.148
0.128
0.110
0.095
0.082
0.071
0.061
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
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
1
140.01
2.73
2
180.94
2.87
3
189.99
3.01
4
199.49
3.16
5
209.46
3.32
6
219.94
3.49
7
230.93
3.66
8
242.48
3.84
9
254.60
4.04
10
267.33
4.24
11
280.70
4.45
12
294.73
4.67
13
309.47
4.91
14
324.94
5.15
15
341.19
5.41
16
358.25
5.68
17
376.16
5.96
18
394.97
6.26
19
414.72
6.58
20
435.46
6.90
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
1
21.41
28.18
35.84
12.26
22.94
120.63
2.35
2
22.63
28.18
32.07
14.94
22.94
120.76
1.91
3
23.93
28.18
28.29
15.52
22.94
118.86
1.88
4
25.30
28.18
24.52
16.13
22.94
117.07
1.86
5
26.74
28.18
20.75
16.78
22.94
115.40
1.83
6
28.27
28.18
16.98
17.47
22.94
113.84
1.80
7
29.89
28.18
13.20
18.20
22.94
112.41
1.78
8
31.60
28.18
9.43
18.96
22.94
111.12
1.76
9
33.41
28.18
5.66
19.77
22.94
109.96
1.74
10
35.32
28.18
1.89
20.63
22.94
108.96
1.73
11
37.34
8.05
0.00
21.27
28.98
95.64
1.52
12
39.47
8.05
0.00
22.30
28.98
98.81
1.57
13
41.73
8.05
0.00
23.39
28.98
102.16
1.62
14
44.12
8.05
0.00
24.54
28.98
105.69
1.68
15
46.64
8.05
0.00
25.74
28.98
109.42
1.73
16
49.31
8.05
0.00
27.00
28.98
113.35
1.80
17
52.13
8.05
0.00
28.33
28.98
117.50
1.86
18
55.11
8.05
0.00
29.73
28.98
121.88
1.93
19
58.27
8.05
0.00
31.20
28.98
126.49
2.01
20
61.60
8.05
0.00
32.74
28.98
131.37
2.08
Levellised
3.63
0.48
0.40
0.32
0.29
0.39
5.51
1
2.73
0.42
0.55
0.70
0.24
0.45
5.09
2
2.87
0.36
0.45
0.51
0.24
0.36
4.78
3
3.01
0.38
0.45
0.45
0.25
0.36
4.90
4
3.16
0.40
0.45
0.39
0.26
0.36
5.02
5
3.32
0.42
0.45
0.33
0.27
0.36
5.15
6
3.49
0.45
0.45
0.27
0.28
0.36
5.29
7
3.66
0.47
0.45
0.21
0.29
0.36
5.44
8
3.84
0.50
0.45
0.15
0.30
0.36
5.61
9
4.04
0.53
0.45
0.09
0.31
0.36
5.78
10
4.24
0.56
0.45
0.03
0.33
0.36
5.97
11
4.45
0.59
0.13
0.00
0.34
0.46
5.97
12
4.67
0.63
0.13
0.00
0.35
0.46
6.24
13
4.91
0.66
0.13
0.00
0.37
0.46
6.53
14
5.15
0.70
0.13
0.00
0.39
0.46
6.83
15
5.41
0.74
0.13
0.00
0.41
0.46
7.14
16
5.68
0.78
0.13
0.00
0.43
0.46
7.48
17
5.96
0.83
0.13
0.00
0.45
0.46
7.83
18
6.26
0.87
0.13
0.00
0.47
0.46
8.19
19
6.58
0.92
0.13
0.00
0.49
0.46
8.58
20
6.90
0.98
0.13
0.00
0.52
0.46
8.99

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
Variable Cost
Fixed Cost
Levellised Tariff (Variable)
Varialbel Cost (FY10-11)
Applicable Tariff FY10-11(Rs/Unit)
0.863
Unit
MW
MU
MU
MU
Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
Year -->
1
1
185.8
96.6
2
0.863
228.6
118.9
3
0.745
228.6
118.9
4
0.644
228.6
118.9
5
0.556
228.6
118.9
6
0.480
228.6
118.9
7
0.414
228.6
118.9
8
0.358
228.6
118.9
9
0.309
228.6
118.9
10
0.267
228.6
118.9
11
0.230
228.6
118.9
12
0.199
228.6
118.9
13
0.172
228.6
118.9
14
0.148
228.6
118.9
3.63
2.73
1.89
4.62
Page69
15
0.128
228.6
118.9
16
0.110
228.6
118.9
17
0.095
228.6
118.9
18
0.082
228.6
118.9
19
0.071
228.6
118.9
20
0.061
228.6
118.9

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
402.5
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.63
2
5.28%
21.25
3
5.28%
21.25
4
5.28%
21.25
5
5.28%
21.25
6
5.28%
21.25
7
5.28%
21.25
8
5.28%
21.25
9
5.28%
21.25
10
5.28%
21.25
11
5.28%
21.25
12
5.28%
21.25
13
5.28%
21.25
14
5.28%
21.25
15
5.28%
21.25
16
5.28%
21.25
17
5.28%
21.25
18
2.88%
11.59
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
161.02
60%
48.00%
12%
193.22
12%
9.60%
2.40%
38.64
2%
1.92%
0.48%
7.73
0%
0.38%
0.10%
1.55
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
150.39
51.12
2.56
1.00
171.96
58.45
6.31
0.93
17.39
5.91
6.31
0.80
-13.53
-4.60
6.31
0.69
-19.71
-6.70
6.31
0.60
-20.94
-7.12
6.31
0.52
-21.19
-7.20
6.31
0.45
-21.24
-7.22
6.31
0.38
-21.25
-7.22
6.31
0.33
-21.25
-7.22
6.31
0.29
-21.25
-7.22
6.31
0.25
-21.25
-7.22
6.31
0.21
-21.25
-7.22
6.31
0.18
-21.25
-7.22
6.31
0.16
-21.25
-7.22
6.31
0.14
-21.25
-7.22
6.31
0.12
-21.25
-7.22
6.31
0.10
-11.59
-3.94
6.31
0.09
0.00
0.00
6.31
0.08
0.00
0.00
6.31
0.07

Tax Benefit
Discounting Factor
Levellised benefit
0.19
(Rs/kWh)
Page70

Annexure 3C
2.1 Form Template for Biomass Power Projects- Maharashtra
S. No.
Assumption Head
1 Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
402.54
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
281.78
120.76
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
281.78
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
120.76
19.00%
10.00
24.00%
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No

%
%
0%
0%
16%
Fiscal Assumptions
33.99%
16.995%
Yes
Depreciation
7.00%
2.00%
10.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3800
3800
Base Price(FY10-11)
GCV - Biomass
Rs/T
Kcal/kg
1859
3611
5%
Biomass


Working Hours/Day
No. of Days
Total No. of Hours
Hrs
Days
Hrs
21.41
5.72%
24
365
8760
Page71
1
0.745
0.644
0.556
0.480
0.414
0.358
0.309
0.267
0.230
0.199
0.172
0.148
0.128
0.110
0.095
0.082
0.071
0.061
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
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
1
111.38
2.17
2
143.94
2.28
3
151.14
2.40
4
158.70
2.52
5
166.63
2.64
6
174.96
2.77
7
183.71
2.91
8
192.90
3.06
9
202.54
3.21
10
212.67
3.37
11
223.30
3.54
12
234.47
3.72
13
246.19
3.90
14
258.50
4.10
15
271.43
4.30
16
285.00
4.52
17
299.25
4.74
18
314.21
4.98
19
329.92
5.23
20
346.42
5.49
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
1
21.41
28.18
35.84
10.37
22.94
118.74
2.32
2
22.63
28.18
32.07
12.50
22.94
118.32
1.88
3
23.93
28.18
28.29
12.96
22.94
116.30
1.84
4
25.30
28.18
24.52
13.44
22.94
114.39
1.81
5
26.74
28.18
20.75
13.96
22.94
112.58
1.78
6
28.27
28.18
16.98
14.51
22.94
110.88
1.76
7
29.89
28.18
13.20
15.09
22.94
109.30
1.73
8
31.60
28.18
9.43
15.70
22.94
107.85
1.71
9
33.41
28.18
5.66
16.35
22.94
106.53
1.69
10
35.32
28.18
1.89
17.03
22.94
105.36
1.67
11
37.34
8.05
0.00
17.49
28.98
91.86
1.46
12
39.47
8.05
0.00
18.33
28.98
94.84
1.50
13
41.73
8.05
0.00
19.23
28.98
97.99
1.55
14
44.12
8.05
0.00
20.16
28.98
101.31
1.61
15
46.64
8.05
0.00
21.15
28.98
104.82
1.66
16
49.31
8.05
0.00
22.18
28.98
108.52
1.72
17
52.13
8.05
0.00
23.27
28.98
112.43
1.78
18
55.11
8.05
0.00
24.41
28.98
116.56
1.85
19
58.27
8.05
0.00
25.61
28.98
120.91
1.92
20
61.60
8.05
0.00
26.87
28.98
125.50
1.99
1
2.17
0.42
0.55
0.70
0.20
0.45
4.49
2
2.28
0.36
0.45
0.51
0.20
0.36
4.16
3
2.40
0.38
0.45
0.45
0.21
0.36
4.24
4
2.52
0.40
0.45
0.39
0.21
0.36
4.33
5
2.64
0.42
0.45
0.33
0.22
0.36
4.43
6
2.77
0.45
0.45
0.27
0.23
0.36
4.53
7
2.91
0.47
0.45
0.21
0.24
0.36
4.65
8
3.06
0.50
0.45
0.15
0.25
0.36
4.77
9
3.21
0.53
0.45
0.09
0.26
0.36
4.90
10
3.37
0.56
0.45
0.03
0.27
0.36
5.04
11
3.54
0.59
0.13
0.00
0.28
0.46
5.00
12
3.72
0.63
0.13
0.00
0.29
0.46
5.22
13
3.90
0.66
0.13
0.00
0.30
0.46
5.46
14
4.10
0.70
0.13
0.00
0.32
0.46
5.70
15
4.30
0.74
0.13
0.00
0.34
0.46
5.97
16
4.52
0.78
0.13
0.00
0.35
0.46
6.24
17
4.74
0.83
0.13
0.00
0.37
0.46
6.53
18
4.98
0.87
0.13
0.00
0.39
0.46
6.83
19
5.23
0.92
0.13
0.00
0.41
0.46
7.15
20
5.49
0.98
0.13
0.00
0.43
0.46
7.48

Unit
Levellised
Variable COG
Rs/kWh
2.88
O&M expn
Rs/kWh
0.48
Depreciation
Rs/kWh
0.40
Int. on term loan
Rs/kWh
0.32
Rs/kWh
0.24
RoE
Rs/kWh
0.39
Total COG
Rs/kWh
4.72
Levellised Tariff
Discount Factor
Variable Cost
Fixed Cost
Variable Cost (FY 10-11)
Applicable Tariff FY10-11 (Rs/Unit
0.863
Unit
MW
MU
MU
MU
Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
Year -->
1
1
111.4
94.1
2
0.863
137.1
115.8
3
0.745
137.1
115.8
4
0.644
137.1
115.8
5
0.556
137.1
115.8
6
0.480
137.1
115.8
7
0.414
137.1
115.8
8
0.358
137.1
115.8
9
0.309
137.1
115.8
10
0.267
137.1
115.8
11
0.230
137.1
115.8
12
0.199
137.1
115.8
13
0.172
137.1
115.8
14
0.148
137.1
115.8
2.17
1.84
4.01
Page72
15
0.128
137.1
115.8
16
0.110
137.1
115.8
17
0.095
137.1
115.8
18
0.082
137.1
115.8
19
0.071
137.1
115.8
20
0.061
137.1
115.8

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
402.5
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.63
2
5.28%
21.25
3
5.28%
21.25
4
5.28%
21.25
5
5.28%
21.25
6
5.28%
21.25
7
5.28%
21.25
8
5.28%
21.25
9
5.28%
21.25
10
5.28%
21.25
11
5.28%
21.25
12
5.28%
21.25
13
5.28%
21.25
14
5.28%
21.25
15
5.28%
21.25
16
5.28%
21.25
17
5.28%
21.25
18
2.88%
11.59
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
161.02
60%
48.00%
12%
193.22
12%
9.60%
2.40%
38.64
2%
1.92%
0.48%
7.73
0%
0.38%
0.10%
1.55
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
150.39
51.12
2.56
1.00
171.96
58.45
6.31
0.93
17.39
5.91
6.31
0.80
-13.53
-4.60
6.31
0.69
-19.71
-6.70
6.31
0.60
-20.94
-7.12
6.31
0.52
-21.19
-7.20
6.31
0.45
-21.24
-7.22
6.31
0.38
-21.25
-7.22
6.31
0.33
-21.25
-7.22
6.31
0.29
-21.25
-7.22
6.31
0.25
-21.25
-7.22
6.31
0.21
-21.25
-7.22
6.31
0.18
-21.25
-7.22
6.31
0.16
-21.25
-7.22
6.31
0.14
-21.25
-7.22
6.31
0.12
-21.25
-7.22
6.31
0.10
-11.59
-3.94
6.31
0.09
0.00
0.00
6.31
0.08
0.00
0.00
6.31
0.07

Tax Benefit
Discounting Factor
Levellised benefit
0.19
(Rs/kWh)
Page73

Annexure 3D
2.1 Form Template for Biomass Power Projects-Punjab
S. No.
Assumption Head
1 Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
402.54
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
281.78
120.76
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
281.78
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
120.76
19.00%
10.00
24.00%
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No

%
%
0%
0%
16%
Fiscal Assumptions
33.99%
16.995%
Yes
Depreciation
7.00%
2.00%
10.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3800
3800
Base Price(FY10-11)
GCV - Biomass
Rs/T
Kcal/kg
2159
3368
5%
Biomass


Working Hours/Day
No. of Days
Total No. of Hours
Hrs
Days
Hrs
21.41
5.72%
24
365
8760
Page74
2.2 Form Template for (Biomass Power Projects - Punjab) : Determination of Tariff Component
1
0.863
0.745
0.644
0.556
0.480
0.414
0.358
0.309
0.267
0.230
0.199
0.172
0.148
0.128
0.110
0.095
0.082
0.071
0.061
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
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
1
138.72
2.71
2
179.26
2.84
3
188.23
2.98
4
197.64
3.13
5
207.52
3.29
6
217.90
3.45
7
228.79
3.63
8
240.23
3.81
9
252.24
4.00
10
264.85
4.20
11
278.10
4.41
12
292.00
4.63
13
306.60
4.86
14
321.93
5.10
15
338.03
5.36
16
354.93
5.63
17
372.68
5.91
18
391.31
6.20
19
410.88
6.51
20
431.42
6.84
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
1
21.41
28.18
35.84
12.17
22.94
120.54
2.35
2
22.63
28.18
32.07
14.82
22.94
120.65
1.91
3
23.93
28.18
28.29
15.40
22.94
118.75
1.88
4
25.30
28.18
24.52
16.01
22.94
116.95
1.85
5
26.74
28.18
20.75
16.65
22.94
115.27
1.83
6
28.27
28.18
16.98
17.33
22.94
113.71
1.80
7
29.89
28.18
13.20
18.05
22.94
112.27
1.78
8
31.60
28.18
9.43
18.82
22.94
110.97
1.76
9
33.41
28.18
5.66
19.62
22.94
109.81
1.74
10
35.32
28.18
1.89
20.47
22.94
108.79
1.72
11
37.34
8.05
0.00
21.10
28.98
95.47
1.51
12
39.47
8.05
0.00
22.12
28.98
98.63
1.56
13
41.73
8.05
0.00
23.20
28.98
101.97
1.62
14
44.12
8.05
0.00
24.34
28.98
105.49
1.67
15
46.64
8.05
0.00
25.53
28.98
109.21
1.73
16
49.31
8.05
0.00
26.79
28.98
113.13
1.79
17
52.13
8.05
0.00
28.10
28.98
117.27
1.86
18
55.11
8.05
0.00
29.49
28.98
121.63
1.93
19
58.27
8.05
0.00
30.94
28.98
126.24
2.00
20
61.60
8.05
0.00
32.47
28.98
131.10
2.08

Variable COG
O&M expn
Depreciation
Int. on term loan
RoE
Total COG
Unit
Rs/kWh
Rs/kWh
Rs/kWh
Rs/kWh
Rs/kWh
Rs/kWh
Rs/kWh
Levellised
3.59
0.48
0.40
0.32
0.29
0.39
5.47
1
2.71
0.42
0.55
0.70
0.24
0.45
5.06
2
2.84
0.36
0.45
0.51
0.24
0.36
4.76
3
2.98
0.38
0.45
0.45
0.24
0.36
4.87
4
3.13
0.40
0.45
0.39
0.25
0.36
4.99
5
3.29
0.42
0.45
0.33
0.26
0.36
5.12
6
3.45
0.45
0.45
0.27
0.27
0.36
5.26
7
3.63
0.47
0.45
0.21
0.29
0.36
5.41
8
3.81
0.50
0.45
0.15
0.30
0.36
5.57
9
4.00
0.53
0.45
0.09
0.31
0.36
5.74
10
4.20
0.56
0.45
0.03
0.32
0.36
5.92
11
4.41
0.59
0.13
0.00
0.33
0.46
5.92
12
4.63
0.63
0.13
0.00
0.35
0.46
6.19
13
4.86
0.66
0.13
0.00
0.37
0.46
6.48
14
5.10
0.70
0.13
0.00
0.39
0.46
6.78
15
5.36
0.74
0.13
0.00
0.40
0.46
7.09
16
5.63
0.78
0.13
0.00
0.42
0.46
7.42
17
5.91
0.83
0.13
0.00
0.45
0.46
7.77
18
6.20
0.87
0.13
0.00
0.47
0.46
8.13
19
6.51
0.92
0.13
0.00
0.49
0.46
8.52
20
6.84
0.98
0.13
0.00
0.51
0.46
8.92
Units Generation
Installed Capacity
Gross Generation
Net Generation
Levellised Tariff
Discount Factor
Variable Cost
Fixed Cost
Applicable Tariff FY10-11 (Rs/Unit)
Unit
Year -->
1
1
138.7
96.5
2
0.863
170.7
118.8
3
0.745
170.7
118.8
4
0.644
170.7
118.8
5
0.556
170.7
118.8
6
0.480
170.7
118.8
7
0.414
170.7
118.8
8
0.358
170.7
118.8
9
0.309
170.7
118.8
10
0.267
170.7
118.8
11
0.230
170.7
118.8
12
0.199
170.7
118.8
13
0.172
170.7
118.8
2.71
1.88
4.59
Page75
14
0.148
170.7
118.8
15
0.128
170.7
118.8
16
0.110
170.7
118.8
17
0.095
170.7
118.8
18
0.082
170.7
118.8
19
0.071
170.7
118.8
20
0.061
170.7
118.8

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
402.5
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.63
2
5.28%
21.25
3
5.28%
21.25
4
5.28%
21.25
5
5.28%
21.25
6
5.28%
21.25
7
5.28%
21.25
8
5.28%
21.25
9
5.28%
21.25
10
5.28%
21.25
11
5.28%
21.25
12
5.28%
21.25
13
5.28%
21.25
14
5.28%
21.25
15
5.28%
21.25
16
5.28%
21.25
17
5.28%
21.25
18
2.88%
11.59
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
161.02
60%
48.00%
12%
193.22
12%
9.60%
2.40%
38.64
2%
1.92%
0.48%
7.73
0%
0.38%
0.10%
1.55
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
150.39
51.12
2.56
1.00
171.96
58.45
6.31
0.93
17.39
5.91
6.31
0.80
-13.53
-4.60
6.31
0.69
-19.71
-6.70
6.31
0.60
-20.94
-7.12
6.31
0.52
-21.19
-7.20
6.31
0.45
-21.24
-7.22
6.31
0.38
-21.25
-7.22
6.31
0.33
-21.25
-7.22
6.31
0.29
-21.25
-7.22
6.31
0.25
-21.25
-7.22
6.31
0.21
-21.25
-7.22
6.31
0.18
-21.25
-7.22
6.31
0.16
-21.25
-7.22
6.31
0.14
-21.25
-7.22
6.31
0.12
-21.25
-7.22
6.31
0.10
-11.59
-3.94
6.31
0.09
0.00
0.00
6.31
0.08
0.00
0.00
6.31
0.07

Tax Benefit
Discounting Factor
Levellised benefit
0.19
(Rs/kWh)
Page76

Annexure 3E
2.1 Form Template for Biomass Power Projects- Madhya Pradesh
S. No.
Assumption Head
1 Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
402.54
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
281.78
120.76
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
281.78
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
120.76
19.00%
10.00
24.00%
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No

%
%
0%
0%
16%
Fiscal Assumptions
33.99%
16.995%
Yes
Depreciation
7.00%
2.00%
10.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3800
3800
Base Price(FY10-11)
GCV - Biomass
Rs/T
Kcal/kg
1341
3612
5%
Biomass


Working Hours/Day
No. of Days
Total No. of Hours
Hrs
Days
Hrs
21.41
5.72%
24
365
8760
Page77
1
0.863
0.745
0.644
0.556
0.480
0.414
0.358
0.309
0.267
0.230
0.199
0.172
0.148
0.128
0.110
0.095
0.082
0.071
0.061
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
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
1
80.32
1.57
2
103.79
1.65
3
108.98
1.73
4
114.43
1.81
5
120.15
1.91
6
126.16
2.00
7
132.47
2.10
8
139.09
2.21
9
146.05
2.32
10
153.35
2.43
11
161.02
2.55
12
169.07
2.68
13
177.52
2.81
14
186.40
2.96
15
195.72
3.10
16
205.50
3.26
17
215.78
3.42
18
226.57
3.59
19
237.89
3.77
20
249.79
3.96
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
1
21.41
28.18
35.84
8.33
22.94
116.70
2.28
2
22.63
28.18
32.07
9.85
22.94
115.68
1.83
3
23.93
28.18
28.29
10.18
22.94
113.53
1.80
4
25.30
28.18
24.52
10.53
22.94
111.47
1.77
5
26.74
28.18
20.75
10.90
22.94
109.52
1.74
6
28.27
28.18
16.98
11.29
22.94
107.67
1.71
7
29.89
28.18
13.20
11.71
22.94
105.93
1.68
8
31.60
28.18
9.43
12.15
22.94
104.31
1.65
9
33.41
28.18
5.66
12.63
22.94
102.81
1.63
10
35.32
28.18
1.89
13.12
22.94
101.45
1.61
11
37.34
8.05
0.00
13.38
28.98
87.76
1.39
12
39.47
8.05
0.00
14.03
28.98
90.53
1.44
13
41.73
8.05
0.00
14.70
28.98
93.47
1.48
14
44.12
8.05
0.00
15.41
28.98
96.57
1.53
15
46.64
8.05
0.00
16.16
28.98
99.84
1.58
16
49.31
8.05
0.00
16.95
28.98
103.29
1.64
17
52.13
8.05
0.00
17.77
28.98
106.94
1.70
18
55.11
8.05
0.00
18.64
28.98
110.78
1.76
19
58.27
8.05
0.00
19.55
28.98
114.85
1.82
20
61.60
8.05
0.00
20.51
28.98
119.14
1.89
Levellised
2.08
0.48
0.40
0.32
0.19
0.39
3.86
1
1.57
0.42
0.55
0.70
0.16
0.45
3.84
2
1.65
0.36
0.45
0.51
0.16
0.36
3.48
3
1.73
0.38
0.45
0.45
0.16
0.36
3.53
4
1.81
0.40
0.45
0.39
0.17
0.36
3.58
5
1.91
0.42
0.45
0.33
0.17
0.36
3.64
6
2.00
0.45
0.45
0.27
0.18
0.36
3.71
7
2.10
0.47
0.45
0.21
0.19
0.36
3.78
8
2.21
0.50
0.45
0.15
0.19
0.36
3.86
9
2.32
0.53
0.45
0.09
0.20
0.36
3.95
10
2.43
0.56
0.45
0.03
0.21
0.36
4.04
11
2.55
0.59
0.13
0.00
0.21
0.46
3.94
12
2.68
0.63
0.13
0.00
0.22
0.46
4.12
13
2.81
0.66
0.13
0.00
0.23
0.46
4.30
14
2.96
0.70
0.13
0.00
0.24
0.46
4.49
15
3.10
0.74
0.13
0.00
0.26
0.46
4.69
16
3.26
0.78
0.13
0.00
0.27
0.46
4.90
17
3.42
0.83
0.13
0.00
0.28
0.46
5.12
18
3.59
0.87
0.13
0.00
0.30
0.46
5.35
19
3.77
0.92
0.13
0.00
0.31
0.46
5.59
20
3.96
0.98
0.13
0.00
0.33
0.46
5.85
Units Generation
Installed Capacity
Gross Generation
Net Generation

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
Variable Cost
Fixed Cost
Applicable Tariff FY10-11 (Rs/Unit)
Unit
Year -->
1
1
80.3
91.4
2
0.863
98.8
112.5
3
0.745
98.8
112.5
4
0.644
98.8
112.5
5
0.556
98.8
112.5
6
0.480
98.8
112.5
7
0.414
98.8
112.5
8
0.358
98.8
112.5
9
0.309
98.8
112.5
10
0.267
98.8
112.5
11
0.230
98.8
112.5
12
0.199
98.8
112.5
13
0.172
98.8
112.5
14
0.148
98.8
112.5
1.57
1.78
3.35
Page78
15
0.128
98.8
112.5
16
0.110
98.8
112.5
17
0.095
98.8
112.5
18
0.082
98.8
112.5
19
0.071
98.8
112.5
20
0.061
98.8
112.5

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
402.5
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.63
2
5.28%
21.25
3
5.28%
21.25
4
5.28%
21.25
5
5.28%
21.25
6
5.28%
21.25
7
5.28%
21.25
8
5.28%
21.25
9
5.28%
21.25
10
5.28%
21.25
11
5.28%
21.25
12
5.28%
21.25
13
5.28%
21.25
14
5.28%
21.25
15
5.28%
21.25
16
5.28%
21.25
17
5.28%
21.25
18
2.88%
11.59
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
161.02
60%
48.00%
12%
193.22
12%
9.60%
2.40%
38.64
2%
1.92%
0.48%
7.73
0%
0.38%
0.10%
1.55
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
150.39
51.12
2.56
1.00
171.96
58.45
6.31
0.93
17.39
5.91
6.31
0.80
-13.53
-4.60
6.31
0.69
-19.71
-6.70
6.31
0.60
-20.94
-7.12
6.31
0.52
-21.19
-7.20
6.31
0.45
-21.24
-7.22
6.31
0.38
-21.25
-7.22
6.31
0.33
-21.25
-7.22
6.31
0.29
-21.25
-7.22
6.31
0.25
-21.25
-7.22
6.31
0.21
-21.25
-7.22
6.31
0.18
-21.25
-7.22
6.31
0.16
-21.25
-7.22
6.31
0.14
-21.25
-7.22
6.31
0.12
-21.25
-7.22
6.31
0.10
-11.59
-3.94
6.31
0.09
0.00
0.00
6.31
0.08
0.00
0.00
6.31
0.07

Tax Benefit
Discounting Factor
Levellised benefit
0.19
(Rs/kWh)
Page79

Annexure 3F
2.1 Form Template for Biomass Power Projects- Rajasthan
S. No.
Assumption Head
1 Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
402.54
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
281.78
120.76
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
281.78
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
120.76
19.00%
10.00
24.00%
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No

%
%
0%
0%
16%
Fiscal Assumptions
33.99%
16.995%
Yes
Depreciation
7.00%
2.00%
10.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3800
3800
Base Price(FY10-11)
GCV - Biomass
Rs/T
Kcal/kg
1881
3689
5%
Biomass


Working Hours/Day
No. of Days
Total No. of Hours
Hrs
Days
Hrs
21.41
5.72%
24
365
8760
Page80
1
0.863
0.745
0.644
0.556
0.480
0.414
0.358
0.309
0.267
0.230
0.199
0.172
0.148
0.128
0.110
0.095
0.082
0.071
0.061
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
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
1
110.30
2.15
2
142.54
2.26
3
149.67
2.37
4
157.15
2.49
5
165.01
2.62
6
173.26
2.75
7
181.92
2.88
8
191.02
3.03
9
200.57
3.18
10
210.60
3.34
11
221.13
3.51
12
232.19
3.68
13
243.80
3.87
14
255.99
4.06
15
268.78
4.26
16
282.22
4.47
17
296.33
4.70
18
311.15
4.93
19
326.71
5.18
20
343.04
5.44
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
1
21.41
28.18
35.84
10.30
22.94
118.67
2.32
2
22.63
28.18
32.07
12.41
22.94
118.23
1.87
3
23.93
28.18
28.29
12.86
22.94
116.21
1.84
4
25.30
28.18
24.52
13.34
22.94
114.28
1.81
5
26.74
28.18
20.75
13.85
22.94
112.47
1.78
6
28.27
28.18
16.98
14.40
22.94
110.77
1.76
7
29.89
28.18
13.20
14.97
22.94
109.19
1.73
8
31.60
28.18
9.43
15.57
22.94
107.73
1.71
9
33.41
28.18
5.66
16.22
22.94
106.40
1.69
10
35.32
28.18
1.89
16.89
22.94
105.22
1.67
11
37.34
8.05
0.00
17.34
28.98
91.72
1.45
12
39.47
8.05
0.00
18.18
28.98
94.69
1.50
13
41.73
8.05
0.00
19.07
28.98
97.83
1.55
14
44.12
8.05
0.00
20.00
28.98
101.15
1.60
15
46.64
8.05
0.00
20.97
28.98
104.65
1.66
16
49.31
8.05
0.00
22.00
28.98
108.34
1.72
17
52.13
8.05
0.00
23.08
28.98
112.24
1.78
18
55.11
8.05
0.00
24.21
28.98
116.36
1.84
19
58.27
8.05
0.00
25.40
28.98
120.70
1.91
20
61.60
8.05
0.00
26.65
28.98
125.28
1.99
Levellised
2.86
0.48
0.40
0.32
0.24
0.39
4.69
1
2.15
0.42
0.55
0.70
0.20
0.45
4.47
2
2.26
0.36
0.45
0.51
0.20
0.36
4.13
3
2.37
0.38
0.45
0.45
0.20
0.36
4.22
4
2.49
0.40
0.45
0.39
0.21
0.36
4.30
5
2.62
0.42
0.45
0.33
0.22
0.36
4.40
6
2.75
0.45
0.45
0.27
0.23
0.36
4.50
7
2.88
0.47
0.45
0.21
0.24
0.36
4.62
8
3.03
0.50
0.45
0.15
0.25
0.36
4.74
9
3.18
0.53
0.45
0.09
0.26
0.36
4.87
10
3.34
0.56
0.45
0.03
0.27
0.36
5.01
11
3.51
0.59
0.13
0.00
0.27
0.46
4.96
12
3.68
0.63
0.13
0.00
0.29
0.46
5.18
13
3.87
0.66
0.13
0.00
0.30
0.46
5.42
14
4.06
0.70
0.13
0.00
0.32
0.46
5.66
15
4.26
0.74
0.13
0.00
0.33
0.46
5.92
16
4.47
0.78
0.13
0.00
0.35
0.46
6.19
17
4.70
0.83
0.13
0.00
0.37
0.46
6.48
18
4.93
0.87
0.13
0.00
0.38
0.46
6.78
19
5.18
0.92
0.13
0.00
0.40
0.46
7.09
20
5.44
0.98
0.13
0.00
0.42
0.46
7.43
Units Generation
Installed Capacity
Gross Generation
Net Generation

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
Variable Cost
Fixed Cost
Applicable Tariff (FY10-11) (Rs/Unit
Unit
Year -->
1
1
110.3
94.0
2
0.863
135.8
115.7
3
0.745
135.8
115.7
4
0.644
135.8
115.7
5
0.556
135.8
115.7
6
0.480
135.8
115.7
7
0.414
135.8
115.7
8
0.358
135.8
115.7
9
0.309
135.8
115.7
10
0.267
135.8
115.7
11
0.230
135.8
115.7
12
0.199
135.8
115.7
13
0.172
135.8
115.7
14
0.148
135.8
115.7
2.15
1.83
3.99
Page81
15
0.128
135.8
115.7
16
0.110
135.8
115.7
17
0.095
135.8
115.7
18
0.082
135.8
115.7
19
0.071
135.8
115.7
20
0.061
135.8
115.7

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
402.5
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.63
2
5.28%
21.25
3
5.28%
21.25
4
5.28%
21.25
5
5.28%
21.25
6
5.28%
21.25
7
5.28%
21.25
8
5.28%
21.25
9
5.28%
21.25
10
5.28%
21.25
11
5.28%
21.25
12
5.28%
21.25
13
5.28%
21.25
14
5.28%
21.25
15
5.28%
21.25
16
5.28%
21.25
17
5.28%
21.25
18
2.88%
11.59
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
161.02
60%
48.00%
12%
193.22
12%
9.60%
2.40%
38.64
2%
1.92%
0.48%
7.73
0%
0.38%
0.10%
1.55
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
150.39
51.12
2.56
1.00
171.96
58.45
6.31
0.93
17.39
5.91
6.31
0.80
-13.53
-4.60
6.31
0.69
-19.71
-6.70
6.31
0.60
-20.94
-7.12
6.31
0.52
-21.19
-7.20
6.31
0.45
-21.24
-7.22
6.31
0.38
-21.25
-7.22
6.31
0.33
-21.25
-7.22
6.31
0.29
-21.25
-7.22
6.31
0.25
-21.25
-7.22
6.31
0.21
-21.25
-7.22
6.31
0.18
-21.25
-7.22
6.31
0.16
-21.25
-7.22
6.31
0.14
-21.25
-7.22
6.31
0.12
-21.25
-7.22
6.31
0.10
-11.59
-3.94
6.31
0.09
0.00
0.00
6.31
0.08
0.00
0.00
6.31
0.07

Tax Benefit
Discounting Factor
Levellised benefit
0.19
(Rs/kWh)
Page82

Annexure 3G
2.1 Form Template for Biomass Power Projects- Uttar Pradesh
S. No.
Assumption Head
1 Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
402.54
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
281.78
120.76
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
281.78
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
120.76
19.00%
10.00
24.00%
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No

%
%
0%
0%
16%
Fiscal Assumptions
33.99%
16.995%
Yes
Depreciation
7.00%
2.00%
10.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3800
3800
Base Price(FY10-11)
GCV - Biomass
Rs/T
Kcal/kg
1567
3371
5%
Biomass


Working Hours/Day
No. of Days
Total No. of Hours
Hrs
Days
Hrs
21.41
5.72%
24
365
8760
Page83
1
0.863
0.745
0.644
0.556
0.480
0.414
0.358
0.309
0.267
0.230
0.199
0.172
0.148
0.128
0.110
0.095
0.082
0.071
0.061
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
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
1
100.57
1.96
2
129.96
2.06
3
136.46
2.16
4
143.28
2.27
5
150.45
2.39
6
157.97
2.50
7
165.87
2.63
8
174.16
2.76
9
182.87
2.90
10
192.01
3.04
11
201.61
3.20
12
211.69
3.36
13
222.28
3.52
14
233.39
3.70
15
245.06
3.89
16
257.32
4.08
17
270.18
4.28
18
283.69
4.50
19
297.88
4.72
20
312.77
4.96
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
1
21.41
28.18
35.84
9.66
22.94
118.03
2.30
2
22.63
28.18
32.07
11.58
22.94
117.40
1.86
3
23.93
28.18
28.29
11.99
22.94
115.34
1.83
4
25.30
28.18
24.52
12.43
22.94
113.37
1.80
5
26.74
28.18
20.75
12.90
22.94
111.51
1.77
6
28.27
28.18
16.98
13.39
22.94
109.76
1.74
7
29.89
28.18
13.20
13.91
22.94
108.13
1.71
8
31.60
28.18
9.43
14.46
22.94
106.62
1.69
9
33.41
28.18
5.66
15.05
22.94
105.24
1.67
10
35.32
28.18
1.89
15.67
22.94
104.00
1.65
11
37.34
8.05
0.00
16.06
28.98
90.43
1.43
12
39.47
8.05
0.00
16.83
28.98
93.34
1.48
13
41.73
8.05
0.00
17.65
28.98
96.42
1.53
14
44.12
8.05
0.00
18.51
28.98
99.66
1.58
15
46.64
8.05
0.00
19.41
28.98
103.09
1.63
16
49.31
8.05
0.00
20.36
28.98
106.70
1.69
17
52.13
8.05
0.00
21.35
28.98
110.52
1.75
18
55.11
8.05
0.00
22.40
28.98
114.55
1.82
19
58.27
8.05
0.00
23.50
28.98
118.80
1.88
20
61.60
8.05
0.00
24.66
28.98
123.29
1.95
1
1.96
0.42
0.55
0.70
0.19
0.45
4.27
2
2.06
0.36
0.45
0.51
0.18
0.36
3.92
3
2.16
0.38
0.45
0.45
0.19
0.36
3.99
4
2.27
0.40
0.45
0.39
0.20
0.36
4.07
5
2.39
0.42
0.45
0.33
0.20
0.36
4.15
6
2.50
0.45
0.45
0.27
0.21
0.36
4.24
7
2.63
0.47
0.45
0.21
0.22
0.36
4.34
8
2.76
0.50
0.45
0.15
0.23
0.36
4.45
9
2.90
0.53
0.45
0.09
0.24
0.36
4.57
10
3.04
0.56
0.45
0.03
0.25
0.36
4.69
11
3.20
0.59
0.13
0.00
0.25
0.46
4.63
12
3.36
0.63
0.13
0.00
0.27
0.46
4.84
13
3.52
0.66
0.13
0.00
0.28
0.46
5.05
14
3.70
0.70
0.13
0.00
0.29
0.46
5.28
15
3.89
0.74
0.13
0.00
0.31
0.46
5.52
16
4.08
0.78
0.13
0.00
0.32
0.46
5.77
17
4.28
0.83
0.13
0.00
0.34
0.46
6.04
18
4.50
0.87
0.13
0.00
0.36
0.46
6.31
19
4.72
0.92
0.13
0.00
0.37
0.46
6.61
20
4.96
0.98
0.13
0.00
0.39
0.46
6.91
Units Generation
Installed Capacity
Gross Generation
Net Generation

Unit
Levellised
Variable COG
Rs/kWh
2.60
O&M expn
Rs/kWh
0.48
Depreciation
Rs/kWh
0.40
Int. on term loan
Rs/kWh
0.32
Rs/kWh
0.22
RoE
Rs/kWh
0.39
Total COG
Rs/kWh
4.42
Levellised Tariff
Discount Factor
Variable Cost
Fixed Cost
Levellised Tariff (Rs/Unit )
Unit
Year -->
1
1
100.6
93.2
2
0.863
123.8
114.7
3
0.745
123.8
114.7
4
0.644
123.8
114.7
5
0.556
123.8
114.7
6
0.480
123.8
114.7
7
0.414
123.8
114.7
8
0.358
123.8
114.7
9
0.309
123.8
114.7
10
0.267
123.8
114.7
11
0.230
123.8
114.7
12
0.199
123.8
114.7
13
0.172
123.8
114.7
14
0.148
123.8
114.7
1.96
1.82
3.78
Page84
15
0.128
123.8
114.7
16
0.110
123.8
114.7
17
0.095
123.8
114.7
18
0.082
123.8
114.7
19
0.071
123.8
114.7
20
0.061
123.8
114.7

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
402.5
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.63
2
5.28%
21.25
3
5.28%
21.25
4
5.28%
21.25
5
5.28%
21.25
6
5.28%
21.25
7
5.28%
21.25
8
5.28%
21.25
9
5.28%
21.25
10
5.28%
21.25
11
5.28%
21.25
12
5.28%
21.25
13
5.28%
21.25
14
5.28%
21.25
15
5.28%
21.25
16
5.28%
21.25
17
5.28%
21.25
18
2.88%
11.59
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
161.02
60%
48.00%
12%
193.22
12%
9.60%
2.40%
38.64
2%
1.92%
0.48%
7.73
0%
0.38%
0.10%
1.55
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
150.39
51.12
2.56
1.00
171.96
58.45
6.31
0.93
17.39
5.91
6.31
0.80
-13.53
-4.60
6.31
0.69
-19.71
-6.70
6.31
0.60
-20.94
-7.12
6.31
0.52
-21.19
-7.20
6.31
0.45
-21.24
-7.22
6.31
0.38
-21.25
-7.22
6.31
0.33
-21.25
-7.22
6.31
0.29
-21.25
-7.22
6.31
0.25
-21.25
-7.22
6.31
0.21
-21.25
-7.22
6.31
0.18
-21.25
-7.22
6.31
0.16
-21.25
-7.22
6.31
0.14
-21.25
-7.22
6.31
0.12
-21.25
-7.22
6.31
0.10
-11.59
-3.94
6.31
0.09
0.00
0.00
6.31
0.08
0.00
0.00
6.31
0.07

Tax Benefit
Discounting Factor
Levellised benefit
0.19
(Rs/kWh)
Page85

Annexure 3H
2.1 Form Template for Biomass Power Projects- Tamil Nadu
S. No.
Assumption Head
1 Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
402.54
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
281.78
120.76
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
281.78
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
120.76
19.00%
10.00
24.00%
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No

%
%
0%
0%
16%
Fiscal Assumptions
33.99%
16.995%
Yes
Depreciation
7.00%
2.00%
10.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3800
3800
Base Price(FY10-11)
GCV - Biomass
Rs/T
Kcal/kg
1882
3300
5%
Biomass


Working Hours/Day
No. of Days
Total No. of Hours
Hrs
Days
Hrs
21.41
5.72%
24
365
8760
Page86
1
0.745
0.644
0.556
0.480
0.414
0.358
0.309
0.267
0.230
0.199
0.172
0.148
0.128
0.110
0.095
0.082
0.071
0.061
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
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
1
123.37
2.41
2
159.43
2.53
3
167.40
2.65
4
175.77
2.79
5
184.56
2.93
6
193.79
3.07
7
203.48
3.23
8
213.65
3.39
9
224.34
3.56
10
235.55
3.73
11
247.33
3.92
12
259.70
4.12
13
272.68
4.32
14
286.32
4.54
15
300.63
4.77
16
315.66
5.00
17
331.45
5.26
18
348.02
5.52
19
365.42
5.79
20
383.69
6.08
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
1
21.41
28.18
35.84
11.16
22.94
119.53
2.33
2
22.63
28.18
32.07
13.52
22.94
119.34
1.89
3
23.93
28.18
28.29
14.03
22.94
117.37
1.86
4
25.30
28.18
24.52
14.57
22.94
115.51
1.83
5
26.74
28.18
20.75
15.14
22.94
113.76
1.80
6
28.27
28.18
16.98
15.75
22.94
112.12
1.78
7
29.89
28.18
13.20
16.39
22.94
110.60
1.75
8
31.60
28.18
9.43
17.07
22.94
109.22
1.73
9
33.41
28.18
5.66
17.78
22.94
107.97
1.71
10
35.32
28.18
1.89
18.54
22.94
106.86
1.69
11
37.34
8.05
0.00
19.07
28.98
93.44
1.48
12
39.47
8.05
0.00
20.00
28.98
96.50
1.53
13
41.73
8.05
0.00
20.97
28.98
99.74
1.58
14
44.12
8.05
0.00
21.99
28.98
103.15
1.64
15
46.64
8.05
0.00
23.07
28.98
106.75
1.69
16
49.31
8.05
0.00
24.20
28.98
110.54
1.75
17
52.13
8.05
0.00
25.39
28.98
114.55
1.82
18
55.11
8.05
0.00
26.64
28.98
118.78
1.88
19
58.27
8.05
0.00
27.95
28.98
123.25
1.95
20
61.60
8.05
0.00
29.33
28.98
127.96
2.03
Levellised
3.19
0.48
0.40
0.32
0.26
0.39
5.05
1
2.41
0.42
0.55
0.70
0.22
0.45
4.74
2
2.53
0.36
0.45
0.51
0.21
0.36
4.42
3
2.65
0.38
0.45
0.45
0.22
0.36
4.52
4
2.79
0.40
0.45
0.39
0.23
0.36
4.62
5
2.93
0.42
0.45
0.33
0.24
0.36
4.73
6
3.07
0.45
0.45
0.27
0.25
0.36
4.85
7
3.23
0.47
0.45
0.21
0.26
0.36
4.98
8
3.39
0.50
0.45
0.15
0.27
0.36
5.12
9
3.56
0.53
0.45
0.09
0.28
0.36
5.27
10
3.73
0.56
0.45
0.03
0.29
0.36
5.43
11
3.92
0.59
0.13
0.00
0.30
0.46
5.40
12
4.12
0.63
0.13
0.00
0.32
0.46
5.65
13
4.32
0.66
0.13
0.00
0.33
0.46
5.90
14
4.54
0.70
0.13
0.00
0.35
0.46
6.17
15
4.77
0.74
0.13
0.00
0.37
0.46
6.46
16
5.00
0.78
0.13
0.00
0.38
0.46
6.76
17
5.26
0.83
0.13
0.00
0.40
0.46
7.07
18
5.52
0.87
0.13
0.00
0.42
0.46
7.40
19
5.79
0.92
0.13
0.00
0.44
0.46
7.75
20
6.08
0.98
0.13
0.00
0.46
0.46
8.11

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
Variable Cost
Fixed Cost
Applicale Tariff (FY10-11) (Rs/Unit
0.863
Unit
MW
MU
MU
MU
Units Generation
Installed Capacity
Gross Generation
Net Generation
Unit
Year -->
1
1
123.4
95.2
2
0.863
151.8
117.1
3
0.745
151.8
117.1
4
0.644
151.8
117.1
5
0.556
151.8
117.1
6
0.480
151.8
117.1
7
0.414
151.8
117.1
8
0.358
151.8
117.1
9
0.309
151.8
117.1
10
0.267
151.8
117.1
11
0.230
151.8
117.1
12
0.199
151.8
117.1
13
0.172
151.8
117.1
14
0.148
151.8
117.1
2.41
1.86
4.26
Page87
15
0.128
151.8
117.1
16
0.110
151.8
117.1
17
0.095
151.8
117.1
18
0.082
151.8
117.1
19
0.071
151.8
117.1
20
0.061
151.8
117.1

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
402.5
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.63
2
5.28%
21.25
3
5.28%
21.25
4
5.28%
21.25
5
5.28%
21.25
6
5.28%
21.25
7
5.28%
21.25
8
5.28%
21.25
9
5.28%
21.25
10
5.28%
21.25
11
5.28%
21.25
12
5.28%
21.25
13
5.28%
21.25
14
5.28%
21.25
15
5.28%
21.25
16
5.28%
21.25
17
5.28%
21.25
18
2.88%
11.59
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
161.02
60%
48.00%
12%
193.22
12%
9.60%
2.40%
38.64
2%
1.92%
0.48%
7.73
0%
0.38%
0.10%
1.55
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
150.39
51.12
2.56
1.00
171.96
58.45
6.31
0.93
17.39
5.91
6.31
0.80
-13.53
-4.60
6.31
0.69
-19.71
-6.70
6.31
0.60
-20.94
-7.12
6.31
0.52
-21.19
-7.20
6.31
0.45
-21.24
-7.22
6.31
0.38
-21.25
-7.22
6.31
0.33
-21.25
-7.22
6.31
0.29
-21.25
-7.22
6.31
0.25
-21.25
-7.22
6.31
0.21
-21.25
-7.22
6.31
0.18
-21.25
-7.22
6.31
0.16
-21.25
-7.22
6.31
0.14
-21.25
-7.22
6.31
0.12
-21.25
-7.22
6.31
0.10
-11.59
-3.94
6.31
0.09
0.00
0.00
6.31
0.08
0.00
0.00
6.31
0.07

Tax Benefit
Discounting Factor
Levellised benefit
0.19
(Rs/kWh)
Page88

Annexure 3I
2.1 Form Template for Biomass Power Projects- Other
S. No.
Assumption Head
1 Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
%
%
Useful Life
Years
1
10%
10%
60%
70%
80%
20
2 Project Cost
Capital Cost/MW
Power Plant Cost
Rs Lacs/MW
402.54
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
281.78
120.76
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
281.78
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
120.76
19.00%
10.00
24.00%
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No

%
%
0%
0%
16%
Fiscal Assumptions
33.99%
16.995%
Yes
Depreciation
7.00%
2.00%
10.00
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Biomass Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3800
3800
Base Price(FY10-11)
GCV - Biomass
Rs/T
Kcal/kg
1855
3467
5%
Biomass


Working Hours/Day
No. of Days
Total No. of Hours
Hrs
Days
Hrs
21.41
5.72%
24
365
8760
Page89
1
0.863
0.745
0.644
0.556
0.480
0.414
0.358
0.309
0.267
0.230
0.199
0.172
0.148
0.128
0.110
0.095
0.082
0.071
0.061
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
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
1
115.75
2.26
2
149.59
2.37
3
157.07
2.49
4
164.92
2.61
5
173.17
2.75
6
181.83
2.88
7
190.92
3.03
8
200.46
3.18
9
210.49
3.34
10
221.01
3.50
11
232.06
3.68
12
243.66
3.86
13
255.85
4.06
14
268.64
4.26
15
282.07
4.47
16
296.17
4.70
17
310.98
4.93
18
326.53
5.18
19
342.86
5.44
20
360.00
5.71
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
1
21.41
28.18
35.84
10.66
22.94
119.03
2.32
2
22.63
28.18
32.07
12.87
22.94
118.69
1.88
3
23.93
28.18
28.29
13.35
22.94
116.69
1.85
4
25.30
28.18
24.52
13.85
22.94
114.80
1.82
5
26.74
28.18
20.75
14.39
22.94
113.01
1.79
6
28.27
28.18
16.98
14.96
22.94
111.33
1.77
7
29.89
28.18
13.20
15.56
22.94
109.78
1.74
8
31.60
28.18
9.43
16.20
22.94
108.35
1.72
9
33.41
28.18
5.66
16.87
22.94
107.06
1.70
10
35.32
28.18
1.89
17.58
22.94
105.91
1.68
11
37.34
8.05
0.00
18.06
28.98
92.44
1.47
12
39.47
8.05
0.00
18.94
28.98
95.45
1.51
13
41.73
8.05
0.00
19.86
28.98
98.63
1.56
14
44.12
8.05
0.00
20.83
28.98
101.98
1.62
15
46.64
8.05
0.00
21.85
28.98
105.52
1.67
16
49.31
8.05
0.00
22.92
28.98
109.26
1.73
17
52.13
8.05
0.00
24.04
28.98
113.21
1.79
18
55.11
8.05
0.00
25.22
28.98
117.37
1.86
19
58.27
8.05
0.00
26.46
28.98
121.76
1.93
20
61.60
8.05
0.00
27.77
28.98
126.40
2.00
Levellised
3.00
0.48
0.40
0.32
0.25
0.39
4.84
1
2.26
0.42
0.55
0.70
0.21
0.45
4.58
2
2.37
0.36
0.45
0.51
0.20
0.36
4.25
3
2.49
0.38
0.45
0.45
0.21
0.36
4.34
4
2.61
0.40
0.45
0.39
0.22
0.36
4.43
5
2.75
0.42
0.45
0.33
0.23
0.36
4.54
6
2.88
0.45
0.45
0.27
0.24
0.36
4.65
7
3.03
0.47
0.45
0.21
0.25
0.36
4.77
8
3.18
0.50
0.45
0.15
0.26
0.36
4.90
9
3.34
0.53
0.45
0.09
0.27
0.36
5.03
10
3.50
0.56
0.45
0.03
0.28
0.36
5.18
11
3.68
0.59
0.13
0.00
0.29
0.46
5.14
12
3.86
0.63
0.13
0.00
0.30
0.46
5.38
13
4.06
0.66
0.13
0.00
0.31
0.46
5.62
14
4.26
0.70
0.13
0.00
0.33
0.46
5.88
15
4.47
0.74
0.13
0.00
0.35
0.46
6.15
16
4.70
0.78
0.13
0.00
0.36
0.46
6.43
17
4.93
0.83
0.13
0.00
0.38
0.46
6.73
18
5.18
0.87
0.13
0.00
0.40
0.46
7.04
19
5.44
0.92
0.13
0.00
0.42
0.46
7.37
20
5.71
0.98
0.13
0.00
0.44
0.46
7.71
Units Generation
Installed Capacity
Gross Generation
Net Generation

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
Variable Cost
Fixed Cost
Variable Tariff (FY10-11)
Applicable Tariff (FY10-11) (Rs/Unit
Unit
Year -->
1
1
115.8
94.5
2
0.863
142.5
116.3
3
0.745
142.5
116.3
4
0.644
142.5
116.3
5
0.556
142.5
116.3
6
0.480
142.5
116.3
7
0.414
142.5
116.3
8
0.358
142.5
116.3
9
0.309
142.5
116.3
10
0.267
142.5
116.3
11
0.230
142.5
116.3
12
0.199
142.5
116.3
13
0.172
142.5
116.3
14
0.148
142.5
116.3
2.26
1.84
4.10
Page90
15
0.128
142.5
116.3
16
0.110
142.5
116.3
17
0.095
142.5
116.3
18
0.082
142.5
116.3
19
0.071
142.5
116.3
20
0.061
142.5
116.3

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
402.5
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.63
2
5.28%
21.25
3
5.28%
21.25
4
5.28%
21.25
5
5.28%
21.25
6
5.28%
21.25
7
5.28%
21.25
8
5.28%
21.25
9
5.28%
21.25
10
5.28%
21.25
11
5.28%
21.25
12
5.28%
21.25
13
5.28%
21.25
14
5.28%
21.25
15
5.28%
21.25
16
5.28%
21.25
17
5.28%
21.25
18
2.88%
11.59
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
161.02
60%
48.00%
12%
193.22
12%
9.60%
2.40%
38.64
2%
1.92%
0.48%
7.73
0%
0.38%
0.10%
1.55
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
150.39
51.12
2.56
1.00
171.96
58.45
6.31
0.93
17.39
5.91
6.31
0.80
-13.53
-4.60
6.31
0.69
-19.71
-6.70
6.31
0.60
-20.94
-7.12
6.31
0.52
-21.19
-7.20
6.31
0.45
-21.24
-7.22
6.31
0.38
-21.25
-7.22
6.31
0.33
-21.25
-7.22
6.31
0.29
-21.25
-7.22
6.31
0.25
-21.25
-7.22
6.31
0.21
-21.25
-7.22
6.31
0.18
-21.25
-7.22
6.31
0.16
-21.25
-7.22
6.31
0.14
-21.25
-7.22
6.31
0.12
-21.25
-7.22
6.31
0.10
-11.59
-3.94
6.31
0.09
0.00
0.00
6.31
0.08
0.00
0.00
6.31
0.07

Tax Benefit
Discounting Factor
Levellised benefit
0.19
(Rs/kWh)
Page91

Annexure 4A
2.1 Form Template for Non-Fossil Fueled Based Cogeneration Power Projects- Andhra Pradesh
S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
Auxillary Consumption
Plant Load Factor
Life of Power Plant
MW
%
%
Years
1
8.5%
45%
20
Power Plant Cost
Rs Lacs/MW
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
278.65
119.42
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
278.65
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
119.42
19.00%
10.00
24.00%
2 Project Cost
Capital Cost/MW
398.07
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a

MAT Rate
Corporate Tax Rate
%
%
0%
0%
16%
Depreciation
%
%
7.00%
2.00%
10.00
16.995%
33.99%
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Bagasse Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3600
3600
Base Price(FY10-11)
GCV - Bagasse
Bagasse Price Escalation Factor
Rs/T
Kcal/kg
928
2250
5%
Bagasse
Allocation of Bagasse to Power and Steam

Power
Steam

100%
0%
14.11
5.72%

No. of Days
Total No. of Hours
As a % of fuel cost
As a % of fuel cost
Days
Hrs
365
8760
Page92
2.2 Form Template for (Non fossil Fueled Based Cogeneration Power Projects) : Determination of Tariff Component
1
Unit
MW
MU
MU
MU
Year--->
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
Units Generation
Installed Capacity
Gross Generation
Net Generation

Unit
Levellised
Variable COG
Rs/kWh
2.15
O&M expn
Rs/kWh
0.54
Depreciation
Rs/kWh
0.67
Int. on term loan
Rs/kWh
0.52
Rs/kWh
0.21
RoE
Rs/kWh
0.66
Total COG
Rs/kWh
4.75
Levellised Tariff
Discount Factor
Variable Cost
Fixed Cost
Levellised Tariff Fixed
Applicable Tariff (FY10-11)
Year--->
Unit
0.863
0.745
0.644
0.556
0.480
0.414
0.358
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
10
11
12
13
14
15
16
17
18
19
20
58.52
1.62
61.45
1.70
64.52
1.79
67.75
1.88
71.14
1.97
74.69
2.07
78.43
2.17
82.35
2.28
86.47
2.40
90.79
2.52
95.33
2.64
100.10
2.78
105.10
2.91
110.36
3.06
115.87
3.21
121.67
3.37
127.75
3.54
134.14
3.72
140.84
3.90
147.89
4.10
10
11
12
13
14
15
16
17
18
19
20
14.11
27.86
35.44
6.49
22.69
106.60
2.96
14.92
27.86
31.71
6.64
22.69
103.83
2.88
15.77
27.86
27.98
6.80
22.69
101.11
2.80
16.68
27.86
24.25
6.98
22.69
98.46
2.73
17.63
27.86
20.52
7.17
22.69
95.88
2.66
18.64
27.86
16.79
7.38
22.69
93.36
2.59
19.71
27.86
13.06
7.60
22.69
90.92
2.52
20.83
27.86
9.33
7.84
22.69
88.55
2.45
22.02
27.86
5.60
8.09
22.69
86.26
2.39
23.28
27.86
1.87
8.36
22.69
84.06
2.33
24.62
7.96
0.00
8.38
28.66
69.62
1.93
26.02
7.96
0.00
8.77
28.66
71.41
1.98
27.51
7.96
0.00
9.18
28.66
73.31
2.03
29.09
7.96
0.00
9.60
28.66
75.31
2.09
30.75
7.96
0.00
10.06
28.66
77.43
2.15
32.51
7.96
0.00
10.53
28.66
79.66
2.21
34.37
7.96
0.00
11.03
28.66
82.02
2.27
36.33
7.96
0.00
11.55
28.66
84.51
2.34
38.41
7.96
0.00
12.10
28.66
87.14
2.42
40.61
7.96
0.00
12.68
28.66
89.91
2.49
10
11
12
13
14
15
16
17
18
19
20
1.62
0.39
0.77
0.98
0.18
0.63
4.58
1.70
0.41
0.77
0.88
0.18
0.63
4.58
1.79
0.44
0.77
0.78
0.19
0.63
4.59
1.88
0.46
0.77
0.67
0.19
0.63
4.61
1.97
0.49
0.77
0.57
0.20
0.63
4.63
2.07
0.52
0.77
0.47
0.20
0.63
4.66
2.17
0.55
0.77
0.36
0.21
0.63
4.69
2.28
0.58
0.77
0.26
0.22
0.63
4.74
2.40
0.61
0.77
0.16
0.22
0.63
4.79
2.52
0.65
0.77
0.05
0.23
0.63
4.85
2.64
0.68
0.22
0.00
0.23
0.79
4.57
2.78
0.72
0.22
0.00
0.24
0.79
4.75
2.91
0.76
0.22
0.00
0.25
0.79
4.95
3.06
0.81
0.22
0.00
0.27
0.79
5.15
3.21
0.85
0.22
0.00
0.28
0.79
5.36
3.37
0.90
0.22
0.00
0.29
0.79
5.58
3.54
0.95
0.22
0.00
0.31
0.79
5.82
3.72
1.01
0.22
0.00
0.32
0.79
6.06
3.90
1.06
0.22
0.00
0.34
0.79
6.32
4.10
1.13
0.22
0.00
0.35
0.79
6.59
1
1
58.5
94.0
2
0.863
3
0.745
4
0.644
5
0.556
6
0.480
7
0.414
8
0.358
58.5
94.0
58.5
94.0
58.5
94.0
58.5
94.0
58.5
94.0
58.5
94.0
58.5
94.0
9
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
58.5
94.0
58.5
94.0
58.5
94.0
58.5
94.0
58.5
94.0
58.5
94.0
58.5
94.0
58.5
94.0
58.5
94.0
58.5
94.0
58.5
94.0
58.5
94.0
1.62
2.61
4.23
Page93
Determination of Accelerated Depreciation for Non fossil Fueled Based Cogeneration Power Projects
Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
398.1
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.51
2
5.28%
21.02
3
5.28%
21.02
4
5.28%
21.02
5
5.28%
21.02
6
5.28%
21.02
7
5.28%
21.02
8
5.28%
21.02
9
5.28%
21.02
10
5.28%
21.02
11
5.28%
21.02
12
5.28%
21.02
13
5.28%
21.02
14
5.28%
21.02
15
5.28%
21.02
16
5.28%
21.02
17
5.28%
21.02
18
2.88%
11.46
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
159.23
60%
48.00%
12%
191.07
12%
9.60%
2.40%
38.21
2%
1.92%
0.48%
7.64
0%
0.38%
0.10%
1.53
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
148.72
50.55
1.80
1.00
170.05
57.80
3.61
0.93
17.20
5.85
3.61
0.80
-13.38
-4.55
3.61
0.69
-19.49
-6.62
3.61
0.60
-20.71
-7.04
3.61
0.52
-20.96
-7.12
3.61
0.45
-21.01
-7.14
3.61
0.38
-21.02
-7.14
3.61
0.33
-21.02
-7.14
3.61
0.29
-21.02
-7.14
3.61
0.25
-21.02
-7.14
3.61
0.21
-21.02
-7.14
3.61
0.18
-21.02
-7.14
3.61
0.16
-21.02
-7.14
3.61
0.14
-21.02
-7.14
3.61
0.12
-21.02
-7.14
3.61
0.10
-11.46
-3.90
3.61
0.09
0.00
0.00
3.61
0.08
0.00
0.00
3.61
0.07

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.32
Rs/Unit
Page94

Annexure 4B
2.1 Form Template for Non-Fossil Fueled Based Cogeneration Power Projects- Haryana
S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
Plant Load Factor
Life of Power Plant
MW
%
%
Years
1
8.5%
53%
20
Power Plant Cost
Rs Lacs/MW
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
278.65
119.42
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
278.65
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
119.42
19.00%
10.00
24.00%
2 Project Cost
Capital Cost/MW
398.07
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a

MAT Rate
Corporate Tax Rate
%
%
0%
0%
16%
Depreciation
%
%
7.00%
2.00%
10.00
16.995%
33.99%
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Bagasse Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3600
3600
Base Price(FY10-11)
GCV - Bagasse
Rs/T
Kcal/kg
1456
2250
5%
Bagasse

Power
Steam

100%
0%
14.11
5.72%

No. of Days
Total No. of Hours
As a % of fuel cost
As a % of fuel cost
Days
Hrs
365
8760
Page95
1
Unit
MW
MU
MU
MU
Year--->
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
Units Generation
Installed Capacity
Gross Generation
Net Generation

Unit
Levellised
Variable COG
Rs/kWh
3.38
O&M expn
Rs/kWh
0.46
Depreciation
Rs/kWh
0.57
Int. on term loan
Rs/kWh
0.44
Rs/kWh
0.28
RoE
Rs/kWh
0.56
Total COG
Rs/kWh
5.69
Levellised Tariff
Discount Factor
Variable Cost
Fixed Cost
Year--->
Unit
0.863
0.745
0.644
0.556
0.480
0.414
0.358
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
10
11
12
13
14
15
16
17
18
19
20
108.18
2.55
113.59
2.67
119.27
2.81
125.24
2.95
131.50
3.10
138.07
3.25
144.98
3.41
152.23
3.58
159.84
3.76
167.83
3.95
176.22
4.15
185.03
4.36
194.28
4.57
204.00
4.80
214.20
5.04
224.91
5.29
236.15
5.56
247.96
5.84
260.36
6.13
273.38
6.44
10
11
12
13
14
15
16
17
18
19
20
14.11
27.86
35.44
9.76
22.69
109.87
2.59
14.92
27.86
31.71
10.07
22.69
107.26
2.52
15.77
27.86
27.98
10.41
22.69
104.72
2.47
16.68
27.86
24.25
10.77
22.69
102.25
2.41
17.63
27.86
20.52
11.15
22.69
99.85
2.35
18.64
27.86
16.79
11.55
22.69
97.54
2.30
19.71
27.86
13.06
11.98
22.69
95.30
2.24
20.83
27.86
9.33
12.44
22.69
93.15
2.19
22.02
27.86
5.60
12.92
22.69
91.09
2.14
23.28
27.86
1.87
13.43
22.69
89.13
2.10
24.62
7.96
0.00
13.71
28.66
74.94
1.76
26.02
7.96
0.00
14.36
28.66
77.01
1.81
27.51
7.96
0.00
15.05
28.66
79.18
1.86
29.09
7.96
0.00
15.77
28.66
81.48
1.92
30.75
7.96
0.00
16.53
28.66
83.90
1.98
32.51
7.96
0.00
17.33
28.66
86.46
2.04
34.37
7.96
0.00
18.17
28.66
89.16
2.10
36.33
7.96
0.00
19.05
28.66
92.00
2.17
38.41
7.96
0.00
19.97
28.66
95.01
2.24
40.61
7.96
0.00
20.95
28.66
98.18
2.31
10
11
12
13
14
15
16
17
18
19
20
2.55
0.33
0.66
0.83
0.23
0.53
5.13
2.67
0.35
0.66
0.75
0.24
0.53
5.20
2.81
0.37
0.66
0.66
0.25
0.53
5.27
2.95
0.39
0.66
0.57
0.25
0.53
5.35
3.10
0.42
0.66
0.48
0.26
0.53
5.45
3.25
0.44
0.66
0.40
0.27
0.53
5.55
3.41
0.46
0.66
0.31
0.28
0.53
5.66
3.58
0.49
0.66
0.22
0.29
0.53
5.78
3.76
0.52
0.66
0.13
0.30
0.53
5.91
3.95
0.55
0.66
0.04
0.32
0.53
6.05
4.15
0.58
0.19
0.00
0.32
0.67
5.91
4.36
0.61
0.19
0.00
0.34
0.67
6.17
4.57
0.65
0.19
0.00
0.35
0.67
6.44
4.80
0.68
0.19
0.00
0.37
0.67
6.72
5.04
0.72
0.19
0.00
0.39
0.67
7.02
5.29
0.77
0.19
0.00
0.41
0.67
7.33
5.56
0.81
0.19
0.00
0.43
0.67
7.66
5.84
0.86
0.19
0.00
0.45
0.67
8.00
6.13
0.90
0.19
0.00
0.47
0.67
8.37
6.44
0.96
0.19
0.00
0.49
0.67
8.75
1
1
2
0.863
3
0.745
4
0.644
5
0.556
6
0.480
7
0.414
8
0.358
108.2
98.4
108.2
98.4
108.2
98.4
108.2
98.4
108.2
98.4
108.2
98.4
108.2
98.4
108.2
98.4
9
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
108.2
98.4
108.2
98.4
108.2
98.4
108.2
98.4
108.2
98.4
108.2
98.4
108.2
98.4
108.2
98.4
108.2
98.4
108.2
98.4
108.2
98.4
108.2
98.4
2.55
2.32
4.86
Page96
Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
398.1
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.51
2
5.28%
21.02
3
5.28%
21.02
4
5.28%
21.02
5
5.28%
21.02
6
5.28%
21.02
7
5.28%
21.02
8
5.28%
21.02
9
5.28%
21.02
10
5.28%
21.02
11
5.28%
21.02
12
5.28%
21.02
13
5.28%
21.02
14
5.28%
21.02
15
5.28%
21.02
16
5.28%
21.02
17
5.28%
21.02
18
2.88%
11.46
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
159.23
60%
48.00%
12%
191.07
12%
9.60%
2.40%
38.21
2%
1.92%
0.48%
7.64
0%
0.38%
0.10%
1.53
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
148.72
50.55
2.40
1.00
170.05
57.80
4.81
0.93
17.20
5.85
4.81
0.80
-13.38
-4.55
4.81
0.69
-19.49
-6.62
4.81
0.60
-20.71
-7.04
4.81
0.52
-20.96
-7.12
4.81
0.45
-21.01
-7.14
4.81
0.38
-21.02
-7.14
4.81
0.33
-21.02
-7.14
4.81
0.29
-21.02
-7.14
4.81
0.25
-21.02
-7.14
4.81
0.21
-21.02
-7.14
4.81
0.18
-21.02
-7.14
4.81
0.16
-21.02
-7.14
4.81
0.14
-21.02
-7.14
4.81
0.12
-21.02
-7.14
4.81
0.10
-11.46
-3.90
4.81
0.09
0.00
0.00
4.81
0.08
0.00
0.00
4.81
0.07

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.24
Rs/Unit
Page97

Annexure 4C
2.1 Form Template for Non-Fossil Fueled Based Cogeneration Power Projects- Maharashtra
S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
Plant Load Factor
Life of Power Plant
MW
%
%
Years
1
8.5%
60%
20
Power Plant Cost
Rs Lacs/MW
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
278.65
119.42
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
278.65
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
119.42
19.00%
10.00
24.00%
2 Project Cost
Capital Cost/MW
398.07
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a

MAT Rate
Corporate Tax Rate
%
%
0%
0%
16%
Depreciation
%
%
7.00%
2.00%
10.00
16.995%
33.99%
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Bagasse Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3600
3600
Base Price(FY10-11)
GCV - Bagasse
Rs/T
Kcal/kg
1159
2250
5%
Bagasse

Power
Steam

100%
0%
14.11
5.72%

No. of Days
Total No. of Hours
As a % of fuel cost
As a % of fuel cost
Days
Hrs
365
8760
Page98
1
Unit
MW
MU
MU
MU
Year--->
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
Units Generation
Installed Capacity
Gross Generation
Net Generation

Unit
Levellised
Variable COG
Rs/kWh
2.69
O&M expn
Rs/kWh
0.41
Depreciation
Rs/kWh
0.50
Int. on term loan
Rs/kWh
0.39
Rs/kWh
0.23
RoE
Rs/kWh
0.50
Total COG
Rs/kWh
4.71
Levellised Tariff
Discount Factor
Variable Cost
Fixed Cost
Year--->
Unit
0.863
0.745
0.644
0.556
0.480
0.414
0.358
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
10
11
12
13
14
15
16
17
18
19
20
97.47
2.03
102.35
2.13
107.47
2.23
112.84
2.35
118.48
2.46
124.41
2.59
130.63
2.72
137.16
2.85
144.01
2.99
151.22
3.14
158.78
3.30
166.71
3.47
175.05
3.64
183.80
3.82
192.99
4.01
202.64
4.21
212.77
4.42
223.41
4.65
234.58
4.88
246.31
5.12
10
11
12
13
14
15
16
17
18
19
20
14.11
27.86
35.44
9.05
22.69
109.16
2.27
14.92
27.86
31.71
9.33
22.69
106.52
2.21
15.77
27.86
27.98
9.63
22.69
103.94
2.16
16.68
27.86
24.25
9.95
22.69
101.43
2.11
17.63
27.86
20.52
10.29
22.69
99.00
2.06
18.64
27.86
16.79
10.65
22.69
96.64
2.01
19.71
27.86
13.06
11.04
22.69
94.35
1.96
20.83
27.86
9.33
11.45
22.69
92.16
1.92
22.02
27.86
5.60
11.88
22.69
90.05
1.87
23.28
27.86
1.87
12.34
22.69
88.04
1.83
24.62
7.96
0.00
12.56
28.66
73.80
1.53
26.02
7.96
0.00
13.15
28.66
75.80
1.58
27.51
7.96
0.00
13.78
28.66
77.92
1.62
29.09
7.96
0.00
14.44
28.66
80.15
1.67
30.75
7.96
0.00
15.13
28.66
82.51
1.72
32.51
7.96
0.00
15.86
28.66
84.99
1.77
34.37
7.96
0.00
16.63
28.66
87.62
1.82
36.33
7.96
0.00
17.43
28.66
90.39
1.88
38.41
7.96
0.00
18.28
28.66
93.31
1.94
40.61
7.96
0.00
19.17
28.66
96.40
2.00
10
11
12
13
14
15
16
17
18
19
20
2.03
0.29
0.58
0.74
0.19
0.47
4.30
2.13
0.31
0.58
0.66
0.19
0.47
4.34
2.23
0.33
0.58
0.58
0.20
0.47
4.40
2.35
0.35
0.58
0.50
0.21
0.47
4.46
2.46
0.37
0.58
0.43
0.21
0.47
4.52
2.59
0.39
0.58
0.35
0.22
0.47
4.60
2.72
0.41
0.58
0.27
0.23
0.47
4.68
2.85
0.43
0.58
0.19
0.24
0.47
4.77
2.99
0.46
0.58
0.12
0.25
0.47
4.87
3.14
0.48
0.58
0.04
0.26
0.47
4.97
3.30
0.51
0.17
0.00
0.26
0.60
4.84
3.47
0.54
0.17
0.00
0.27
0.60
5.04
3.64
0.57
0.17
0.00
0.29
0.60
5.26
3.82
0.60
0.17
0.00
0.30
0.60
5.49
4.01
0.64
0.17
0.00
0.31
0.60
5.73
4.21
0.68
0.17
0.00
0.33
0.60
5.98
4.42
0.71
0.17
0.00
0.35
0.60
6.25
4.65
0.76
0.17
0.00
0.36
0.60
6.52
4.88
0.80
0.17
0.00
0.38
0.60
6.82
5.12
0.84
0.17
0.00
0.40
0.60
7.13
1
1
97.5
97.5
2
0.863
3
0.745
4
0.644
5
0.556
6
0.480
7
0.414
8
0.358
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
9
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
97.5
2.03
2.03
4.05
Page99
Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
398.1
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.51
2
5.28%
21.02
3
5.28%
21.02
4
5.28%
21.02
5
5.28%
21.02
6
5.28%
21.02
7
5.28%
21.02
8
5.28%
21.02
9
5.28%
21.02
10
5.28%
21.02
11
5.28%
21.02
12
5.28%
21.02
13
5.28%
21.02
14
5.28%
21.02
15
5.28%
21.02
16
5.28%
21.02
17
5.28%
21.02
18
2.88%
11.46
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
159.23
60%
48.00%
12%
191.07
12%
9.60%
2.40%
38.21
2%
1.92%
0.48%
7.64
0%
0.38%
0.10%
1.53
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
148.72
50.55
2.40
1.00
170.05
57.80
4.81
0.93
17.20
5.85
4.81
0.80
-13.38
-4.55
4.81
0.69
-19.49
-6.62
4.81
0.60
-20.71
-7.04
4.81
0.52
-20.96
-7.12
4.81
0.45
-21.01
-7.14
4.81
0.38
-21.02
-7.14
4.81
0.33
-21.02
-7.14
4.81
0.29
-21.02
-7.14
4.81
0.25
-21.02
-7.14
4.81
0.21
-21.02
-7.14
4.81
0.18
-21.02
-7.14
4.81
0.16
-21.02
-7.14
4.81
0.14
-21.02
-7.14
4.81
0.12
-21.02
-7.14
4.81
0.10
-11.46
-3.90
4.81
0.09
0.00
0.00
4.81
0.08
0.00
0.00
4.81
0.07

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.24
Rs/Unit
Page100

Annexure 4D
2.1 Form Template for Non-Fossil Fueled Based Cogeneration Power Projects- Madhya Pradesh
S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
Plant Load Factor
Life of Power Plant
MW
%
%
Years
1
8.5%
53%
20
Power Plant Cost
Rs Lacs/MW
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
278.65
119.42
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
278.65
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
119.42
19.00%
10.00
24.00%
2 Project Cost
Capital Cost/MW
398.07
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a

MAT Rate
Corporate Tax Rate
%
%
0%
0%
16%
Depreciation
%
%
7.00%
2.00%
10.00
16.995%
33.99%
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Bagasse Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3600
3600
Base Price(FY10-11)
GCV - Bagasse
Rs/T
Kcal/kg
835
2250
5%
Bagasse

Power
Steam

100%
0%
14.11
5.72%

No. of Days
Total No. of Hours
As a % of fuel cost
As a % of fuel cost
Days
Hrs
365
8760
Page101
1
Unit
MW
MU
MU
MU
Year--->
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
Units Generation
Installed Capacity
Gross Generation
Net Generation

Unit
Levellised
Variable COG
Rs/kWh
1.94
O&M expn
Rs/kWh
0.46
Depreciation
Rs/kWh
0.57
Int. on term loan
Rs/kWh
0.44
Rs/kWh
0.19
RoE
Rs/kWh
0.56
Total COG
Rs/kWh
4.15
Levellised Tariff
Discount Factor
Variable Cost
Fixed Cost
Year--->
Unit
0.863
0.745
0.644
0.556
0.480
0.414
0.358
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
10
11
12
13
14
15
16
17
18
19
20
62.03
1.46
65.13
1.53
68.39
1.61
71.80
1.69
75.39
1.77
79.16
1.86
83.12
1.96
87.28
2.05
91.64
2.16
96.23
2.27
101.04
2.38
106.09
2.50
111.39
2.62
116.96
2.75
122.81
2.89
128.95
3.04
135.40
3.19
142.17
3.35
149.28
3.51
156.74
3.69
10
11
12
13
14
15
16
17
18
19
20
14.11
27.86
35.44
6.72
22.69
106.83
2.51
14.92
27.86
31.71
6.88
22.69
104.07
2.45
15.77
27.86
27.98
7.06
22.69
101.37
2.39
16.68
27.86
24.25
7.25
22.69
98.73
2.32
17.63
27.86
20.52
7.45
22.69
96.16
2.26
18.64
27.86
16.79
7.67
22.69
93.66
2.20
19.71
27.86
13.06
7.91
22.69
91.23
2.15
20.83
27.86
9.33
8.16
22.69
88.87
2.09
22.02
27.86
5.60
8.43
22.69
86.60
2.04
23.28
27.86
1.87
8.71
22.69
84.42
1.99
24.62
7.96
0.00
8.76
28.66
69.99
1.65
26.02
7.96
0.00
9.16
28.66
71.81
1.69
27.51
7.96
0.00
9.59
28.66
73.72
1.74
29.09
7.96
0.00
10.04
28.66
75.75
1.78
30.75
7.96
0.00
10.51
28.66
77.88
1.83
32.51
7.96
0.00
11.01
28.66
80.14
1.89
34.37
7.96
0.00
11.53
28.66
82.52
1.94
36.33
7.96
0.00
12.08
28.66
85.04
2.00
38.41
7.96
0.00
12.66
28.66
87.69
2.06
40.61
7.96
0.00
13.27
28.66
90.50
2.13
10
11
12
13
14
15
16
17
18
19
20
1.46
0.33
0.66
0.83
0.16
0.53
3.97
1.53
0.35
0.66
0.75
0.16
0.53
3.98
1.61
0.37
0.66
0.66
0.17
0.53
4.00
1.69
0.39
0.66
0.57
0.17
0.53
4.01
1.77
0.42
0.66
0.48
0.18
0.53
4.04
1.86
0.44
0.66
0.40
0.18
0.53
4.07
1.96
0.46
0.66
0.31
0.19
0.53
4.10
2.05
0.49
0.66
0.22
0.19
0.53
4.15
2.16
0.52
0.66
0.13
0.20
0.53
4.20
2.27
0.55
0.66
0.04
0.21
0.53
4.25
2.38
0.58
0.19
0.00
0.21
0.67
4.03
2.50
0.61
0.19
0.00
0.22
0.67
4.19
2.62
0.65
0.19
0.00
0.23
0.67
4.36
2.75
0.68
0.19
0.00
0.24
0.67
4.54
2.89
0.72
0.19
0.00
0.25
0.67
4.72
3.04
0.77
0.19
0.00
0.26
0.67
4.92
3.19
0.81
0.19
0.00
0.27
0.67
5.13
3.35
0.86
0.19
0.00
0.28
0.67
5.35
3.51
0.90
0.19
0.00
0.30
0.67
5.58
3.69
0.96
0.19
0.00
0.31
0.67
5.82
1
1
62.0
94.4
2
0.863
3
0.745
4
0.644
5
0.556
6
0.480
7
0.414
8
0.358
62.0
94.4
62.0
94.4
62.0
94.4
62.0
94.4
62.0
94.4
62.0
94.4
62.0
94.4
9
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
62.0
94.4
62.0
94.4
62.0
94.4
62.0
94.4
62.0
94.4
62.0
94.4
62.0
94.4
62.0
94.4
62.0
94.4
62.0
94.4
62.0
94.4
62.0
94.4
1.46
2.22
3.68
Page102
Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
398.1
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.51
2
5.28%
21.02
3
5.28%
21.02
4
5.28%
21.02
5
5.28%
21.02
6
5.28%
21.02
7
5.28%
21.02
8
5.28%
21.02
9
5.28%
21.02
10
5.28%
21.02
11
5.28%
21.02
12
5.28%
21.02
13
5.28%
21.02
14
5.28%
21.02
15
5.28%
21.02
16
5.28%
21.02
17
5.28%
21.02
18
2.88%
11.46
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
159.23
60%
48.00%
12%
191.07
12%
9.60%
2.40%
38.21
2%
1.92%
0.48%
7.64
0%
0.38%
0.10%
1.53
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
148.72
50.55
2.12
1.00
170.05
57.80
4.25
0.93
17.20
5.85
4.25
0.80
-13.38
-4.55
4.25
0.69
-19.49
-6.62
4.25
0.60
-20.71
-7.04
4.25
0.52
-20.96
-7.12
4.25
0.45
-21.01
-7.14
4.25
0.38
-21.02
-7.14
4.25
0.33
-21.02
-7.14
4.25
0.29
-21.02
-7.14
4.25
0.25
-21.02
-7.14
4.25
0.21
-21.02
-7.14
4.25
0.18
-21.02
-7.14
4.25
0.16
-21.02
-7.14
4.25
0.14
-21.02
-7.14
4.25
0.12
-21.02
-7.14
4.25
0.10
-11.46
-3.90
4.25
0.09
0.00
0.00
4.25
0.08
0.00
0.00
4.25
0.07

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.27
Rs/Unit
Page103

Annexure 4E
2.1 Form Template for Non-Fossil Fueled Based Cogeneration Power Projects- Punjab
S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
Plant Load Factor
Life of Power Plant
MW
%
%
Years
1
8.5%
53%
20
Power Plant Cost
Rs Lacs/MW
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
278.65
119.42
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
278.65
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
119.42
19.00%
10.00
24.00%
2 Project Cost
Capital Cost/MW
398.07
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a

MAT Rate
Corporate Tax Rate
%
%
0%
0%
16%
Depreciation
%
%
7.00%
2.00%
10.00
16.995%
33.99%
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Bagasse Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3600
3600
Base Price(FY10-11)
GCV - Bagasse
Rs/T
Kcal/kg
1443
2250
5%
Bagasse

Power
Steam

100%
0%
14.11
5.72%

No. of Days
Total No. of Hours
As a % of fuel cost
As a % of fuel cost
Days
Hrs
365
8760
Page104
1
Unit
MW
MU
MU
MU
Year--->
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
Units Generation
Installed Capacity
Gross Generation
Net Generation

Unit
Levellised
Variable COG
Rs/kWh
3.35
O&M expn
Rs/kWh
0.46
Depreciation
Rs/kWh
0.57
Int. on term loan
Rs/kWh
0.44
Rs/kWh
0.28
RoE
Rs/kWh
0.56
Total COG
Rs/kWh
5.66
Levellised Tariff
Discount Factor
Variable Cost
Fixed Cost
Year--->
Unit
0.863
0.745
0.644
0.556
0.480
0.414
0.358
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
10
11
12
13
14
15
16
17
18
19
20
107.19
2.52
112.55
2.65
118.17
2.78
124.08
2.92
130.29
3.07
136.80
3.22
143.64
3.38
150.82
3.55
158.36
3.73
166.28
3.91
174.60
4.11
183.33
4.32
192.49
4.53
202.12
4.76
212.22
5.00
222.83
5.25
233.98
5.51
245.68
5.78
257.96
6.07
270.86
6.38
10
11
12
13
14
15
16
17
18
19
20
14.11
27.86
35.44
9.69
22.69
109.80
2.58
14.92
27.86
31.71
10.00
22.69
107.19
2.52
15.77
27.86
27.98
10.34
22.69
104.65
2.46
16.68
27.86
24.25
10.69
22.69
102.17
2.41
17.63
27.86
20.52
11.07
22.69
99.77
2.35
18.64
27.86
16.79
11.47
22.69
97.45
2.29
19.71
27.86
13.06
11.89
22.69
95.21
2.24
20.83
27.86
9.33
12.35
22.69
93.06
2.19
22.02
27.86
5.60
12.82
22.69
91.00
2.14
23.28
27.86
1.87
13.33
22.69
89.03
2.10
24.62
7.96
0.00
13.60
28.66
74.84
1.76
26.02
7.96
0.00
14.25
28.66
76.89
1.81
27.51
7.96
0.00
14.93
28.66
79.07
1.86
29.09
7.96
0.00
15.65
28.66
81.36
1.92
30.75
7.96
0.00
16.40
28.66
83.77
1.97
32.51
7.96
0.00
17.19
28.66
86.32
2.03
34.37
7.96
0.00
18.02
28.66
89.01
2.10
36.33
7.96
0.00
18.90
28.66
91.85
2.16
38.41
7.96
0.00
19.82
28.66
94.85
2.23
40.61
7.96
0.00
20.78
28.66
98.01
2.31
10
11
12
13
14
15
16
17
18
19
20
2.52
0.33
0.66
0.83
0.23
0.53
5.11
2.65
0.35
0.66
0.75
0.24
0.53
5.17
2.78
0.37
0.66
0.66
0.24
0.53
5.25
2.92
0.39
0.66
0.57
0.25
0.53
5.33
3.07
0.42
0.66
0.48
0.26
0.53
5.42
3.22
0.44
0.66
0.40
0.27
0.53
5.51
3.38
0.46
0.66
0.31
0.28
0.53
5.62
3.55
0.49
0.66
0.22
0.29
0.53
5.74
3.73
0.52
0.66
0.13
0.30
0.53
5.87
3.91
0.55
0.66
0.04
0.31
0.53
6.01
4.11
0.58
0.19
0.00
0.32
0.67
5.87
4.32
0.61
0.19
0.00
0.34
0.67
6.13
4.53
0.65
0.19
0.00
0.35
0.67
6.39
4.76
0.68
0.19
0.00
0.37
0.67
6.67
5.00
0.72
0.19
0.00
0.39
0.67
6.97
5.25
0.77
0.19
0.00
0.40
0.67
7.28
5.51
0.81
0.19
0.00
0.42
0.67
7.60
5.78
0.86
0.19
0.00
0.44
0.67
7.95
6.07
0.90
0.19
0.00
0.47
0.67
8.31
6.38
0.96
0.19
0.00
0.49
0.67
8.68
1
1
2
0.863
3
0.745
4
0.644
5
0.556
6
0.480
7
0.414
8
0.358
107.2
98.3
107.2
98.3
107.2
98.3
107.2
98.3
107.2
98.3
107.2
98.3
107.2
98.3
107.2
98.3
9
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
107.2
98.3
107.2
98.3
107.2
98.3
107.2
98.3
107.2
98.3
107.2
98.3
107.2
98.3
107.2
98.3
107.2
98.3
107.2
98.3
107.2
98.3
107.2
98.3
2.52
2.31
4.84
Page105
Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
398.1
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.51
2
5.28%
21.02
3
5.28%
21.02
4
5.28%
21.02
5
5.28%
21.02
6
5.28%
21.02
7
5.28%
21.02
8
5.28%
21.02
9
5.28%
21.02
10
5.28%
21.02
11
5.28%
21.02
12
5.28%
21.02
13
5.28%
21.02
14
5.28%
21.02
15
5.28%
21.02
16
5.28%
21.02
17
5.28%
21.02
18
2.88%
11.46
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
159.23
60%
48.00%
12%
191.07
12%
9.60%
2.40%
38.21
2%
1.92%
0.48%
7.64
0%
0.38%
0.10%
1.53
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
148.72
50.55
2.12
1.00
170.05
57.80
4.25
0.93
17.20
5.85
4.25
0.80
-13.38
-4.55
4.25
0.69
-19.49
-6.62
4.25
0.60
-20.71
-7.04
4.25
0.52
-20.96
-7.12
4.25
0.45
-21.01
-7.14
4.25
0.38
-21.02
-7.14
4.25
0.33
-21.02
-7.14
4.25
0.29
-21.02
-7.14
4.25
0.25
-21.02
-7.14
4.25
0.21
-21.02
-7.14
4.25
0.18
-21.02
-7.14
4.25
0.16
-21.02
-7.14
4.25
0.14
-21.02
-7.14
4.25
0.12
-21.02
-7.14
4.25
0.10
-11.46
-3.90
4.25
0.09
0.00
0.00
4.25
0.08
0.00
0.00
4.25
0.07

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.27
Rs/Unit
Page106

Annexure 4F
2.1 Form Template for Non-Fossil Fueled Based Cogeneration Power Projects- Uttar Pradesh
S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
Plant Load Factor
Life of Power Plant
MW
%
%
Years
1
8.5%
45%
20
Power Plant Cost
Rs Lacs/MW
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
278.65
119.42
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
278.65
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
119.42
19.00%
10.00
24.00%
2 Project Cost
Capital Cost/MW
398.07
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a

MAT Rate
Corporate Tax Rate
%
%
0%
0%
16%
Depreciation
%
%
7.00%
2.00%
10.00
16.995%
33.99%
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Bagasse Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3600
3600
Base Price(FY10-11)
GCV - Bagasse
Rs/T
Kcal/kg
1046
2250
5%
Bagasse

Power
Steam

100%
0%
14.11
5.72%

No. of Days
Total No. of Hours
As a % of fuel cost
As a % of fuel cost
Days
Hrs
365
8760
Page107
1
Unit
MW
MU
MU
MU
Year--->
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
Units Generation
Installed Capacity
Gross Generation
Net Generation

Unit
Levellised
Variable COG
Rs/kWh
2.43
O&M expn
Rs/kWh
0.54
Depreciation
Rs/kWh
0.67
Int. on term loan
Rs/kWh
0.52
Rs/kWh
0.23
RoE
Rs/kWh
0.66
Total COG
Rs/kWh
5.05
Levellised Tariff
Discount Factor
Variable Cost
Fixed Cost
Year--->
Unit
0.863
0.745
0.644
0.556
0.480
0.414
0.358
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
1
3.94
0.34
3.61
10
11
12
13
14
15
16
17
18
19
20
65.95
1.83
69.24
1.92
72.70
2.02
76.34
2.12
80.16
2.22
84.16
2.33
88.37
2.45
92.79
2.57
97.43
2.70
102.30
2.84
107.42
2.98
112.79
3.13
118.43
3.28
124.35
3.45
130.57
3.62
137.10
3.80
143.95
3.99
151.15
4.19
158.70
4.40
166.64
4.62
10
11
12
13
14
15
16
17
18
19
20
14.11
27.86
35.44
6.97
22.69
107.08
2.97
14.92
27.86
31.71
7.15
22.69
104.34
2.89
15.77
27.86
27.98
7.34
22.69
101.65
2.82
16.68
27.86
24.25
7.55
22.69
99.03
2.75
17.63
27.86
20.52
7.77
22.69
96.47
2.67
18.64
27.86
16.79
8.00
22.69
93.99
2.61
19.71
27.86
13.06
8.25
22.69
91.57
2.54
20.83
27.86
9.33
8.52
22.69
89.24
2.47
22.02
27.86
5.60
8.81
22.69
86.98
2.41
23.28
27.86
1.87
9.12
22.69
84.82
2.35
24.62
7.96
0.00
9.18
28.66
70.41
1.95
26.02
7.96
0.00
9.60
28.66
72.25
2.00
27.51
7.96
0.00
10.05
28.66
74.19
2.06
29.09
7.96
0.00
10.53
28.66
76.23
2.11
30.75
7.96
0.00
11.02
28.66
78.39
2.17
32.51
7.96
0.00
11.55
28.66
80.68
2.24
34.37
7.96
0.00
12.10
28.66
83.09
2.30
36.33
7.96
0.00
12.67
28.66
85.63
2.37
38.41
7.96
0.00
13.28
28.66
88.31
2.45
40.61
7.96
0.00
13.92
28.66
91.15
2.53
10
11
12
13
14
15
16
17
18
19
20
1.83
0.39
0.77
0.98
0.19
0.63
4.80
1.92
0.41
0.77
0.88
0.20
0.63
4.81
2.02
0.44
0.77
0.78
0.20
0.63
4.83
2.12
0.46
0.77
0.67
0.21
0.63
4.86
2.22
0.49
0.77
0.57
0.22
0.63
4.90
2.33
0.52
0.77
0.47
0.22
0.63
4.94
2.45
0.55
0.77
0.36
0.23
0.63
4.99
2.57
0.58
0.77
0.26
0.24
0.63
5.05
2.70
0.61
0.77
0.16
0.24
0.63
5.11
2.84
0.65
0.77
0.05
0.25
0.63
5.19
2.98
0.68
0.22
0.00
0.25
0.79
4.93
3.13
0.72
0.22
0.00
0.27
0.79
5.13
3.28
0.76
0.22
0.00
0.28
0.79
5.34
3.45
0.81
0.22
0.00
0.29
0.79
5.56
3.62
0.85
0.22
0.00
0.31
0.79
5.79
3.80
0.90
0.22
0.00
0.32
0.79
6.04
3.99
0.95
0.22
0.00
0.34
0.79
6.29
4.19
1.01
0.22
0.00
0.35
0.79
6.56
4.40
1.06
0.22
0.00
0.37
0.79
6.85
4.62
1.13
0.22
0.00
0.39
0.79
7.15
1
1
65.9
94.7
2
0.863
3
0.745
4
0.644
5
0.556
6
0.480
7
0.414
8
0.358
65.9
94.7
65.9
94.7
65.9
94.7
65.9
94.7
65.9
94.7
65.9
94.7
65.9
94.7
9
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
65.9
94.7
65.9
94.7
65.9
94.7
65.9
94.7
65.9
94.7
65.9
94.7
65.9
94.7
65.9
94.7
65.9
94.7
65.9
94.7
65.9
94.7
65.9
94.7
1.83
2.62
4.45
Page108
Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
398.1
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.51
2
5.28%
21.02
3
5.28%
21.02
4
5.28%
21.02
5
5.28%
21.02
6
5.28%
21.02
7
5.28%
21.02
8
5.28%
21.02
9
5.28%
21.02
10
5.28%
21.02
11
5.28%
21.02
12
5.28%
21.02
13
5.28%
21.02
14
5.28%
21.02
15
5.28%
21.02
16
5.28%
21.02
17
5.28%
21.02
18
2.88%
11.46
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
159.23
60%
48.00%
12%
191.07
12%
9.60%
2.40%
38.21
2%
1.92%
0.48%
7.64
0%
0.38%
0.10%
1.53
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
148.72
50.55
1.80
1.00
170.05
57.80
3.61
0.93
17.20
5.85
3.61
0.80
-13.38
-4.55
3.61
0.69
-19.49
-6.62
3.61
0.60
-20.71
-7.04
3.61
0.52
-20.96
-7.12
3.61
0.45
-21.01
-7.14
3.61
0.38
-21.02
-7.14
3.61
0.33
-21.02
-7.14
3.61
0.29
-21.02
-7.14
3.61
0.25
-21.02
-7.14
3.61
0.21
-21.02
-7.14
3.61
0.18
-21.02
-7.14
3.61
0.16
-21.02
-7.14
3.61
0.14
-21.02
-7.14
3.61
0.12
-21.02
-7.14
3.61
0.10
-11.46
-3.90
3.61
0.09
0.00
0.00
3.61
0.08
0.00
0.00
3.61
0.07

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.32
Rs/Unit
Page109

Annexure 4G
2.1 Form Template for Non-Fossil Fueled Based Cogeneration Power Projects- Tamil Nadu
S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
Plant Load Factor
Life of Power Plant
MW
%
%
Years
1
8.5%
60%
20
Power Plant Cost
Rs Lacs/MW
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
278.65
119.42
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
278.65
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
119.42
19.00%
10.00
24.00%
2 Project Cost
Capital Cost/MW
398.07
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a

MAT Rate
Corporate Tax Rate
%
%
0%
0%
16%
Depreciation
%
%
7.00%
2.00%
10.00
16.995%
33.99%
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Bagasse Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3600
3600
Base Price(FY10-11)
GCV - Bagasse
Rs/T
Kcal/kg
1283
2250
5%
Bagasse

Power
Steam

100%
0%
14.11
5.72%

No. of Days
Total No. of Hours
As a % of fuel cost
As a % of fuel cost
Days
Hrs
365
8760
Page110
1
Unit
MW
MU
MU
MU
Year--->
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
Units Generation
Installed Capacity
Gross Generation
Net Generation

Unit
Levellised
Variable COG
Rs/kWh
2.98
O&M expn
Rs/kWh
0.41
Depreciation
Rs/kWh
0.50
Int. on term loan
Rs/kWh
0.39
Rs/kWh
0.25
RoE
Rs/kWh
0.50
Total COG
Rs/kWh
5.02
Levellised Tariff
Discount Factor
Variable Cost
Fixed Cost
Variable Tariff (FY10-11)
Year--->
Unit
0.863
0.745
0.644
0.556
0.480
0.414
0.358
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
1
5.26
0.45
4.81
10
11
12
13
14
15
16
17
18
19
20
107.89
2.24
113.28
2.36
118.95
2.47
124.90
2.60
131.14
2.73
137.70
2.86
144.58
3.01
151.81
3.16
159.40
3.31
167.37
3.48
175.74
3.65
184.53
3.84
193.76
4.03
203.44
4.23
213.62
4.44
224.30
4.66
235.51
4.90
247.29
5.14
259.65
5.40
272.63
5.67
10
11
12
13
14
15
16
17
18
19
20
14.11
27.86
35.44
9.74
22.69
109.85
2.28
14.92
27.86
31.71
10.05
22.69
107.24
2.23
15.77
27.86
27.98
10.39
22.69
104.70
2.18
16.68
27.86
24.25
10.75
22.69
102.23
2.13
17.63
27.86
20.52
11.13
22.69
99.83
2.08
18.64
27.86
16.79
11.53
22.69
97.51
2.03
19.71
27.86
13.06
11.96
22.69
95.27
1.98
20.83
27.86
9.33
12.41
22.69
93.12
1.94
22.02
27.86
5.60
12.89
22.69
91.07
1.89
23.28
27.86
1.87
13.40
22.69
89.10
1.85
24.62
7.96
0.00
13.68
28.66
74.91
1.56
26.02
7.96
0.00
14.33
28.66
76.97
1.60
27.51
7.96
0.00
15.01
28.66
79.15
1.65
29.09
7.96
0.00
15.73
28.66
81.44
1.69
30.75
7.96
0.00
16.49
28.66
83.86
1.74
32.51
7.96
0.00
17.29
28.66
86.42
1.80
34.37
7.96
0.00
18.13
28.66
89.12
1.85
36.33
7.96
0.00
19.00
28.66
91.96
1.91
38.41
7.96
0.00
19.93
28.66
94.96
1.97
40.61
7.96
0.00
20.90
28.66
98.13
2.04
10
11
12
13
14
15
16
17
18
19
20
2.24
0.29
0.58
0.74
0.20
0.47
4.53
2.36
0.31
0.58
0.66
0.21
0.47
4.59
2.47
0.33
0.58
0.58
0.22
0.47
4.65
2.60
0.35
0.58
0.50
0.22
0.47
4.72
2.73
0.37
0.58
0.43
0.23
0.47
4.80
2.86
0.39
0.58
0.35
0.24
0.47
4.89
3.01
0.41
0.58
0.27
0.25
0.47
4.99
3.16
0.43
0.58
0.19
0.26
0.47
5.09
3.31
0.46
0.58
0.12
0.27
0.47
5.21
3.48
0.48
0.58
0.04
0.28
0.47
5.33
3.65
0.51
0.17
0.00
0.28
0.60
5.21
3.84
0.54
0.17
0.00
0.30
0.60
5.44
4.03
0.57
0.17
0.00
0.31
0.60
5.67
4.23
0.60
0.17
0.00
0.33
0.60
5.92
4.44
0.64
0.17
0.00
0.34
0.60
6.19
4.66
0.68
0.17
0.00
0.36
0.60
6.46
4.90
0.71
0.17
0.00
0.38
0.60
6.75
5.14
0.76
0.17
0.00
0.40
0.60
7.05
5.40
0.80
0.17
0.00
0.41
0.60
7.37
5.67
0.84
0.17
0.00
0.43
0.60
7.71
1
1
2
0.863
3
0.745
4
0.644
5
0.556
6
0.480
7
0.414
8
0.358
107.9
98.4
107.9
98.4
107.9
98.4
107.9
98.4
107.9
98.4
107.9
98.4
107.9
98.4
107.9
98.4
9
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
107.9
98.4
107.9
98.4
107.9
98.4
107.9
98.4
107.9
98.4
107.9
98.4
107.9
98.4
107.9
98.4
107.9
98.4
107.9
98.4
107.9
98.4
107.9
98.4
2.24
2.05
4.29
Page111
Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
398.1
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.51
2
5.28%
21.02
3
5.28%
21.02
4
5.28%
21.02
5
5.28%
21.02
6
5.28%
21.02
7
5.28%
21.02
8
5.28%
21.02
9
5.28%
21.02
10
5.28%
21.02
11
5.28%
21.02
12
5.28%
21.02
13
5.28%
21.02
14
5.28%
21.02
15
5.28%
21.02
16
5.28%
21.02
17
5.28%
21.02
18
2.88%
11.46
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
159.23
60%
48.00%
12%
191.07
12%
9.60%
2.40%
38.21
2%
1.92%
0.48%
7.64
0%
0.38%
0.10%
1.53
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
148.72
50.55
2.40
1.00
170.05
57.80
4.81
0.93
17.20
5.85
4.81
0.80
-13.38
-4.55
4.81
0.69
-19.49
-6.62
4.81
0.60
-20.71
-7.04
4.81
0.52
-20.96
-7.12
4.81
0.45
-21.01
-7.14
4.81
0.38
-21.02
-7.14
4.81
0.33
-21.02
-7.14
4.81
0.29
-21.02
-7.14
4.81
0.25
-21.02
-7.14
4.81
0.21
-21.02
-7.14
4.81
0.18
-21.02
-7.14
4.81
0.16
-21.02
-7.14
4.81
0.14
-21.02
-7.14
4.81
0.12
-21.02
-7.14
4.81
0.10
-11.46
-3.90
4.81
0.09
0.00
0.00
4.81
0.08
0.00
0.00
4.81
0.07

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.24
Rs/Unit
Page112

Annexure 4H
2.1 Form Template for Non-Fossil Fueled Based Cogeneration Power Projects- Other States
S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
Plant Load Factor
Life of Power Plant
MW
%
%
Years
1
8.5%
53%
20
Power Plant Cost
Rs Lacs/MW
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
278.65
119.42
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
278.65
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
119.42
19.00%
10.00
24.00%
2 Project Cost
Capital Cost/MW
398.07
Debt: Equity
Debt Component
Equity Component

4
21.50%
15.82%
Discount Rate
% p.a
% p.a
% p.a

MAT Rate
Corporate Tax Rate
%
%
0%
0%
16%
Depreciation
%
%
7.00%
2.00%
10.00
16.995%
33.99%
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare
Bagasse Stock

Heat Rate
Months
Months
1
15%
2
Months
%
4
12.89%

Kcal/kwh
Kcal/kwh
3600
3600
Base Price(FY10-11)
GCV - Bagasse
Rs/T
Kcal/kg
1200
2250
5%
Bagasse

Power
Steam

100%
0%
14.11
5.72%

No. of Days
Total No. of Hours
As a % of fuel cost
As a % of fuel cost
Days
Hrs
365
8760
Page113
1
Unit
MW
MU
MU
MU
Year--->
Vaiable Cost
Biomass Cost
Per unit Var Cost
Unit
Rs Lakh
Rs/kWh
Year--->
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Per unit Fixed Cost
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs/kWh
Year--->
Units Generation
Installed Capacity
Gross Generation
Net Generation

Unit
Levellised
Variable COG
Rs/kWh
2.78
O&M expn
Rs/kWh
0.46
Depreciation
Rs/kWh
0.57
Int. on term loan
Rs/kWh
0.44
Rs/kWh
0.24
RoE
Rs/kWh
0.56
Total COG
Rs/kWh
5.06
Levellised Tariff
Discount Factor
Variable Cost
Fixed Cost
Year--->
Unit
0.863
0.745
0.644
0.556
0.480
0.414
0.358
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
1
4.64
0.39
4.25
10
11
12
13
14
15
16
17
18
19
20
89.17
2.10
93.63
2.20
98.31
2.31
103.22
2.43
108.39
2.55
113.81
2.68
119.50
2.81
125.47
2.95
131.74
3.10
138.33
3.26
145.25
3.42
152.51
3.59
160.14
3.77
168.14
3.96
176.55
4.16
185.38
4.36
194.65
4.58
204.38
4.81
214.60
5.05
225.33
5.30
10
11
12
13
14
15
16
17
18
19
20
14.11
27.86
35.44
8.50
22.69
108.61
2.56
14.92
27.86
31.71
8.76
22.69
105.95
2.49
15.77
27.86
27.98
9.03
22.69
103.34
2.43
16.68
27.86
24.25
9.32
22.69
100.80
2.37
17.63
27.86
20.52
9.63
22.69
98.33
2.31
18.64
27.86
16.79
9.96
22.69
95.94
2.26
19.71
27.86
13.06
10.30
22.69
93.62
2.20
20.83
27.86
9.33
10.68
22.69
91.39
2.15
22.02
27.86
5.60
11.07
22.69
89.24
2.10
23.28
27.86
1.87
11.49
22.69
87.19
2.05
24.62
7.96
0.00
11.67
28.66
72.90
1.72
26.02
7.96
0.00
12.22
28.66
74.86
1.76
27.51
7.96
0.00
12.80
28.66
76.93
1.81
29.09
7.96
0.00
13.41
28.66
79.12
1.86
30.75
7.96
0.00
14.05
28.66
81.42
1.92
32.51
7.96
0.00
14.73
28.66
83.86
1.97
34.37
7.96
0.00
15.43
28.66
86.42
2.03
36.33
7.96
0.00
16.18
28.66
89.13
2.10
38.41
7.96
0.00
16.96
28.66
92.00
2.17
40.61
7.96
0.00
17.78
28.66
95.01
2.24
10
11
12
13
14
15
16
17
18
19
20
2.10
0.33
0.66
0.83
0.20
0.53
4.66
2.20
0.35
0.66
0.75
0.21
0.53
4.70
2.31
0.37
0.66
0.66
0.21
0.53
4.75
2.43
0.39
0.66
0.57
0.22
0.53
4.80
2.55
0.42
0.66
0.48
0.23
0.53
4.87
2.68
0.44
0.66
0.40
0.23
0.53
4.94
2.81
0.46
0.66
0.31
0.24
0.53
5.02
2.95
0.49
0.66
0.22
0.25
0.53
5.10
3.10
0.52
0.66
0.13
0.26
0.53
5.20
3.26
0.55
0.66
0.04
0.27
0.53
5.31
3.42
0.58
0.19
0.00
0.27
0.67
5.14
3.59
0.61
0.19
0.00
0.29
0.67
5.35
3.77
0.65
0.19
0.00
0.30
0.67
5.58
3.96
0.68
0.19
0.00
0.32
0.67
5.82
4.16
0.72
0.19
0.00
0.33
0.67
6.07
4.36
0.77
0.19
0.00
0.35
0.67
6.34
4.58
0.81
0.19
0.00
0.36
0.67
6.62
4.81
0.86
0.19
0.00
0.38
0.67
6.91
5.05
0.90
0.19
0.00
0.40
0.67
7.22
5.30
0.96
0.19
0.00
0.42
0.67
7.54
1
1
89.2
96.7
2
0.863
3
0.745
4
0.644
5
0.556
6
0.480
7
0.414
8
0.358
89.2
96.7
89.2
96.7
89.2
96.7
89.2
96.7
89.2
96.7
89.2
96.7
89.2
96.7
9
0.309
10
0.267
11
0.230
12
0.199
13
0.172
14
0.148
15
0.128
16
0.110
17
0.095
18
0.082
19
0.071
20
0.061
89.2
96.7
89.2
96.7
89.2
96.7
89.2
96.7
89.2
96.7
89.2
96.7
89.2
96.7
89.2
96.7
89.2
96.7
89.2
96.7
89.2
96.7
89.2
96.7
2.10
2.28
4.38
Page114
Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
398.1
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
10.51
2
5.28%
21.02
3
5.28%
21.02
4
5.28%
21.02
5
5.28%
21.02
6
5.28%
21.02
7
5.28%
21.02
8
5.28%
21.02
9
5.28%
21.02
10
5.28%
21.02
11
5.28%
21.02
12
5.28%
21.02
13
5.28%
21.02
14
5.28%
21.02
15
5.28%
21.02
16
5.28%
21.02
17
5.28%
21.02
18
2.88%
11.46
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
159.23
60%
48.00%
12%
191.07
12%
9.60%
2.40%
38.21
2%
1.92%
0.48%
7.64
0%
0.38%
0.10%
1.53
0%
0.08%
0.02%
0.31
0%
0.02%
0.00%
0.06
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
148.72
50.55
2.12
1.00
170.05
57.80
4.25
0.93
17.20
5.85
4.25
0.80
-13.38
-4.55
4.25
0.69
-19.49
-6.62
4.25
0.60
-20.71
-7.04
4.25
0.52
-20.96
-7.12
4.25
0.45
-21.01
-7.14
4.25
0.38
-21.02
-7.14
4.25
0.33
-21.02
-7.14
4.25
0.29
-21.02
-7.14
4.25
0.25
-21.02
-7.14
4.25
0.21
-21.02
-7.14
4.25
0.18
-21.02
-7.14
4.25
0.16
-21.02
-7.14
4.25
0.14
-21.02
-7.14
4.25
0.12
-21.02
-7.14
4.25
0.10
-11.46
-3.90
4.25
0.09
0.00
0.00
4.25
0.08
0.00
0.00
4.25
0.07

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
0.27
Rs/Unit
Page115

Annexure 5A
Form 1.1 Form Template for (Solar PV Power Projects) Parameters Assumptions
Assumption
Sub-Head
Head
1 Power Generation
Capacity
Sub-Head (2)
S. No.
Unit
Asumptions

Deration Factor
Useful Life
MW
%
%
Years
1
19.0%
0.0%
25
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
1183
507
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
1183.00
0
10
13.39%
Equity amount
RoE Period
Rs Lacs
% p.a
Year
% p.a
507.00
19.00%
10
24.00%
22.00%
2 Project Cost
Capital Cost/MW
1690
25
Debt: Equity
Debt Component
Equity Component
Discount Rate
4
15.97%
Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No

Years for 7% rate
%
%
0%
0%
16%
Fiscal Assumptions
33.99%
16.995%
Yes
Depreciation
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare

Months
Months
7.00%
1.33%
10
1
15%
2
12.89%
9.5148
5.72%
Page116
Form 1.2 Form Template for (Solar PV) - Determination of Tariff Component
Units Generation
Installed Capacity
Gross Generation
Year--->
1
1
1.66
2
1
1.66
3
1
1.66
4
1
1.66
5
1
1.66
6
1
1.66
7
1
1.66
8
1
1.66
9
1
1.66
10
1
1.66
11
1
1.66
12
1
1.66
13
1
1.66
14
1
1.66
15
1
1.66
16
1
1.66
17
1
1.66
18
1
1.66
19
1
1.66
20
1
1.66
21
1
1.66
22
1
1.66
23
1
1.66
24
1
1.66
25
1
1.66
Year--->
1
9.51
118.30
150.47
8.52
96.33
383.13
23.02
2
10.06
118.30
134.63
8.20
96.33
367.52
22.08
3
10.63
118.30
118.79
7.88
96.33
351.94
21.14
4
11.24
118.30
102.95
7.56
96.33
336.39
20.21
5
11.89
118.30
87.11
7.25
96.33
320.88
19.28
6
12.57
118.30
71.28
6.94
96.33
305.41
18.35
7
13.28
118.30
55.44
6.63
96.33
289.98
17.42
8
14.04
118.30
39.60
6.32
96.33
274.59
16.50
9
14.85
118.30
23.76
6.02
96.33
259.25
15.58
10
15.70
118.30
7.92
5.71
96.33
243.96
14.66
11
16.59
22.53
0.00
4.04
121.68
164.85
9.90
12
17.54
22.53
0.00
4.09
121.68
165.85
9.96
13
18.55
22.53
0.00
4.14
121.68
166.90
10.03
14
19.61
22.53
0.00
4.20
121.68
168.02
10.09
15
20.73
22.53
0.00
4.26
121.68
169.20
10.17
16
21.92
22.53
0.00
4.32
121.68
170.45
10.24
17
23.17
22.53
0.00
4.39
121.68
171.77
10.32
18
24.49
22.53
0.00
4.46
121.68
173.16
10.40
19
25.90
22.53
0.00
4.53
121.68
174.64
10.49
20
27.38
22.53
0.00
4.61
121.68
176.20
10.59
21
28.94
22.53
0.00
4.69
121.68
177.85
10.69
22
30.60
22.53
0.00
4.78
121.68
179.59
10.79
23
32.35
22.53
0.00
4.87
121.68
181.43
10.90
24
34.20
22.53
0.00
4.97
121.68
183.38
11.02
25
36.16
22.53
0.00
5.07
121.68
185.44
11.14
Unit
Levellised
1
Rs/kWh
0.57
0.82
Rs/kWh
7.11
5.91
Rs/kWh
9.04
4.66
Rs/kWh
0.51
0.41
Rs/kWh
5.79
6.10
Rs/kWh
17.91
23.02
Levellised
2
0.60
7.11
8.09
0.49
5.79
22.08
3
0.64
7.11
7.14
0.47
5.79
21.14
4
0.68
7.11
6.19
0.45
5.79
20.21
5
0.71
7.11
5.23
0.44
5.79
19.28
6
0.75
7.11
4.28
0.42
5.79
18.35
7
0.80
7.11
3.33
0.40
5.79
17.42
8
0.84
7.11
2.38
0.38
5.79
16.50
9
0.89
7.11
1.43
0.36
5.79
15.58
10
0.94
7.11
0.48
0.34
5.79
14.66
11
1.00
1.35
0.00
0.24
7.31
9.90
12
1.05
1.35
0.00
0.25
7.31
9.96
13
1.11
1.35
0.00
0.25
7.31
10.03
14
1.18
1.35
0.00
0.25
7.31
10.09
15
1.25
1.35
0.00
0.26
7.31
10.17
16
1.32
1.35
0.00
0.26
7.31
10.24
17
1.39
1.35
0.00
0.26
7.31
10.32
18
1.47
1.35
0.00
0.27
7.31
10.40
19
1.56
1.35
0.00
0.27
7.31
10.49
20
1.64
1.35
0.00
0.28
7.31
10.59
21
1.74
1.35
0.00
0.28
7.31
10.69
22
1.84
1.35
0.00
0.29
7.31
10.79
23
1.94
1.35
0.00
0.29
7.31
10.90
24
2.05
1.35
0.00
0.30
7.31
11.02
25
2.17
1.35
0.00
0.30
7.31
11.14
0.862
298.06
0.744
298.06
0.641
298.06
0.553
298.06
0.477
298.06
0.411
298.06
0.354
298.06
0.306
298.06
0.264
298.06
0.227
298.06
0.196
298.06
0.169
298.06
0.146
298.06
0.126
298.06
0.108
298.06
0.093
298.06
0.081
298.06
0.069
298.06
0.060
298.06
0.052
298.06
0.045
298.06
0.038
298.06
0.033
298.06
0.029
298.06
Unit
MW
MU
Fixed Cost
Unit
O&M Expenses
Rs Lakh
Depreciation
Rs Lakh
Rs Lakh
Interest on working Capita Rs Lakh
Return on Equity
Rs Lakh
Total Fixed Cost
Rs Lakh
Per unit Fixed Cost
Rs/kWh
Levellised COG
Per Unit Cost of Generat
O&M expn
Depreciation
Int. on term loan
RoE
Total COG
Discount Factor
Fixed Cost
Levellised Tariff
17.91
17.91
1
298.06
Rs/Unit
Page117
Determination of Accelerated Depreciation Benefit for Solar PV Power Projects

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
1690.0
Years
----------------->
Book Depreciation
Book Depreciation
Rs Lakh
1
2.64%
44.62
2
5.28%
89.23
3
5.28%
89.23
4
5.28%
89.23
5
5.28%
89.23
6
5.28%
89.23
7
5.28%
89.23
8
5.28%
89.23
9
5.28%
89.23
10
5.28%
89.23
11
5.28%
89.23
12
5.28%
89.23
13
5.28%
89.23
14
5.28%
89.23
15
5.28%
89.23
16
5.28%
89.23
17
5.28%
89.23
18
2.88%
48.67
19
0.00%
0.00
20
0.00%
0.00
Opening
Closing
Accelrated Deprn.
%
%
%
Rs Lakh
100%
40%
60%
676.00
60%
48.00%
12%
811.20
12%
9.60%
2.40%
162.24
2%
1.92%
0.48%
32.45
0%
0.38%
0.10%
6.49
0%
0.08%
0.02%
1.30
0%
0.02%
0.00%
0.26
0%
0.00%
0.00%
0.05
0%
0.00%
0.00%
0.01
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
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
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
631.38
214.61
0.83
1.00
721.97
245.40
1.66
0.93
0.93
73.01
24.82
1.66
0.80
0.80
-56.78
-19.30
1.66
0.69
0.69
-82.74
-28.12
1.66
0.60
0.60
-87.93
-29.89
1.66
0.51
0.51
-88.97
-30.24
1.66
0.44
0.44
-89.18
-30.31
1.66
0.38
0.38
-89.22
-30.33
1.66
0.33
0.33
-89.23
-30.33
1.66
0.28
0.28
-89.23
-30.33
1.66
0.24
0.24
-89.23
-30.33
1.66
0.21
0.21
-89.23
-30.33
1.66
0.18
0.18
-89.23
-30.33
1.66
0.16
0.16
-89.23
-30.33
1.66
0.14
0.14
-89.23
-30.33
1.66
0.12
0.12
-89.23
-30.33
1.66
0.10
0.10
-48.67
-16.54
1.66
0.09
0.09
0.00
0.00
1.66
0.07
0.07
0.00
0.00
1.66
0.06
0.06

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
Unit
2.96
Rs/Unit
Page118

Annexure 6A
Form 1.1 Form Template for (Solar Thermal Power Projects) Parameters Assumptions
S. No.
1
Assumption Head
Power Generation
Sub-Head
Sub-Head (2)
Unit
Assumptions
Capacity
Auxiliary Consumption Factor
Useful Life
MW
%
%
Years
1
23.0%
10.0%
25
Power Plant Cost
Rs Lacs/MW
Tariff Period
Years
Debt
Equity
Total Debt Amount
Total Equity Amout
%
%
Rs Lacs
Rs Lacs
70%
30%
1071
459
Loan Amount
Moratorium Period
Interest Rate
Rs Lacs
years
years
%
1071
0
10
13.39%
Equity amount
RoE Period
Discount Rate
Rs Lacs
% p.a
Year
% p.a
459.00
19.00%
10
24.00%
22.00%
15.97%

Discount Rate
% p.a
% p.a
% p.a
Income Tax
80 IA benefits
%
%
Yes/No

Years for 7% rate
%
%
2 Project Cost
Capital Cost/MW
1530
3 Sources of Fund
25
Debt: Equity
Debt Component
Equity Component
0%
0%
16%
Fiscal Assumptions
33.99%
16.995%
Yes
Depreciation
7.00%
1.33%
10
5 Working Capital
For Fixed Charges
O&M Charges
Maintenance Spare

Months
Months
1
15%
2
12.89%
13.74
5.72%
Page119
Form 1.2 Form Template for (Solar Thermal) - Determination of Tariff Component
Discount Factor
Units Generation
Installed Capacity
Net Generation
Fixed Cost
O&M Expenses
Depreciation
Return on Equity
Total Fixed Cost
Levellised COG
O&M expn
Depreciation
Int. on term loan
RoE
Total COG
Levellised Tariff
0.862
0.744
0.641
0.553
0.477
0.411
0.354
0.306
10
0.264
11
0.227
12
0.196
13
0.169
14
0.146
15
0.126
16
0.108
17
0.093
18
0.081
19
0.069
20
0.060
21
0.052
22
0.045
23
0.038
24
0.033
25
0.029
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
Unit
MW
MU
Year--->
Unit
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Rs Lakh
Year--->
Unit
Levellised
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Rs/kWh
Rs/kWh
Rs/kWh
Rs/kWh
Rs/kWh
Rs/kWh
Levellised
1.09
4.91
3.87
0.36
5.07
15.31
0.76
5.91
7.51
0.44
4.81
19.43
0.80
5.91
6.72
0.43
4.81
18.66
0.85
5.91
5.93
0.41
4.81
17.90
0.90
5.91
5.14
0.40
4.81
17.15
0.95
5.91
4.35
0.38
4.81
16.39
1.00
5.91
3.56
0.37
4.81
15.64
1.06
5.91
2.77
0.35
4.81
14.89
1.12
5.91
1.98
0.34
4.81
14.15
1.18
5.91
1.19
0.32
4.81
13.41
1.25
5.91
0.40
0.31
4.81
12.67
1.32
1.13
0.00
0.23
6.08
8.75
1.40
1.13
0.00
0.23
6.08
8.83
1.48
1.13
0.00
0.24
6.08
8.91
1.56
1.13
0.00
0.24
6.08
9.00
1.65
1.13
0.00
0.25
6.08
9.10
1.75
1.13
0.00
0.25
6.08
9.20
1.85
1.13
0.00
0.26
6.08
9.30
1.95
1.13
0.00
0.26
6.08
9.41
2.06
1.13
0.00
0.27
6.08
9.53
2.18
1.13
0.00
0.27
6.08
9.65
2.31
1.13
0.00
0.28
6.08
9.79
2.44
1.13
0.00
0.29
6.08
9.92
2.58
1.13
0.00
0.29
6.08
10.07
2.72
1.13
0.00
0.30
6.08
10.23
2.88
1.13
0.00
0.31
6.08
10.39
15.31
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
13.74
107.10
136.22
7.98
87.21
352.26
14.53
107.10
121.88
7.71
87.21
338.43
15.36
107.10
107.55
7.44
87.21
324.65
16.24
107.10
93.21
7.17
87.21
310.92
17.17
107.10
78.87
6.90
87.21
297.25
18.15
107.10
64.53
6.64
87.21
283.63
19.19
107.10
50.19
6.38
87.21
270.06
20.29
107.10
35.85
6.12
87.21
256.57
21.45
107.10
21.51
5.87
87.21
243.13
22.67
107.10
7.17
5.62
87.21
229.77
23.97
20.40
0.00
4.13
110.16
158.66
25.34
20.40
0.00
4.20
110.16
160.10
26.79
20.40
0.00
4.28
110.16
161.63
28.32
20.40
0.00
4.36
110.16
163.24
29.94
20.40
0.00
4.44
110.16
164.95
31.66
20.40
0.00
4.53
110.16
166.75
33.47
20.40
0.00
4.63
110.16
168.66
35.38
20.40
0.00
4.73
110.16
170.67
37.40
20.40
0.00
4.84
110.16
172.80
39.54
20.40
0.00
4.95
110.16
175.05
41.81
20.40
0.00
5.07
110.16
177.44
44.20
20.40
0.00
5.19
110.16
179.95
46.73
20.40
0.00
5.33
110.16
182.61
49.40
20.40
0.00
5.47
110.16
185.43
52.22
20.40
0.00
5.62
110.16
188.40
Rs/Unit
Page120
Determination of Accelerated Depreciation Benefit for Solar Thermal Power Projects

Depreciation amount
Income Tax (MAT)
Capital Cost
90%
5.28%
80%
16.995%
33.99%
1530.0
Years
----------------->
Book Depreciation
Book Depreciation
Unit
%
Rs Lakh
1
2.64%
40.39
2
5.28%
80.78
3
5.28%
80.78
4
5.28%
80.78
5
5.28%
80.78
6
5.28%
80.78
7
5.28%
80.78
8
5.28%
80.78
9
5.28%
80.78
10
5.28%
80.78
11
5.28%
80.78
12
5.28%
80.78
13
5.28%
80.78
14
5.28%
80.78
15
5.28%
80.78
16
5.28%
80.78
17
5.28%
80.78
18
2.88%
44.06
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%
40%
60%
612.00
60%
48.00%
12%
734.40
12%
9.60%
2.40%
146.88
2%
1.92%
0.48%
29.38
0%
0.38%
0.10%
5.88
0%
0.08%
0.02%
1.18
0%
0.02%
0.00%
0.24
0%
0.00%
0.00%
0.05
0%
0.00%
0.00%
0.01
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
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
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
0%
0.00%
0.00%
0.00
Rs Lakh
Rs Lakh
MU
571.61
194.29
0.91
1.00
653.62
222.16
1.81
0.93
66.10
22.47
1.81
0.80
-51.41
-17.47
1.81
0.69
-74.91
-25.46
1.81
0.60
-79.61
-27.06
1.81
0.51
-80.55
-27.38
1.81
0.44
-80.74
-27.44
1.81
0.38
-80.77
-27.46
1.81
0.33
-80.78
-27.46
1.81
0.28
-80.78
-27.46
1.81
0.24
-80.78
-27.46
1.81
0.21
-80.78
-27.46
1.81
0.18
-80.78
-27.46
1.81
0.16
-80.78
-27.46
1.81
0.14
-80.78
-27.46
1.81
0.12
-80.78
-27.46
1.81
0.10
-44.06
-14.98
1.81
0.09
0.00
0.00
1.81
0.07
0.00
0.00
1.81
0.06
0.00
0.00
1.81
0.06
0.00
0.00
1.81
0.05
0.00
0.00
1.81
0.04
0.00
0.00
1.81
0.04
0.00
0.00
1.81
0.03

Tax Benefit
Energy generation
Discounting Factor
Levellised benefit
2.46
Rs/Unit
Page121

Tariff Order FY201011

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Tariff Order FY201011

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CENTRAL ELECTRICITY REGULATORY COMMISSION

Petition No.53/2010 (Suo Motu)

(c) Biomass Power Projects;

The Renewable Energy (RE) Regulations require the Commission to determine

Clause (1) of Regulation 8 of the RE Regulations provides that the Commission

(2) Notwithstanding anything contained in these regulations,

In pursuance of First Amendment to the RE Tariff Regulations, the Commission,

Sub-clause (y) of clause(1) of Regulation 2 of the RE Regulations defines useful

Regulation 5 of the RE Regulations provides that the control period for

In terms of Regulation 6 of the RE Regulations, the tariff period in respect of the

In terms of Regulation 10 of the RE Regulations, the tariff design for renewable

CC(n) = P&M(n)* (1+F1+F2+F3)

= Capital Cost escalation factor for year (n) of Control Period

of the Control Period i.e. January 2008 to December 2008

= Constant to be determined by Commission from time to time,

= Constant to be determined by Commission from time to time,

= Factor for Land and Civil Works

= Factor for Erection and Commissioning

= Factor for IDC and Financing Cost

Technology specific capital cost of RE projects is discussed hereinunder:

(A) Capital Cost of Wind Energy for FY 2010-11

(B) Capital cost of Small Hydro Projects for FY 2010-11

Himachal Pradesh, Uttarakhand

In line with the indexation mechanism, specified in Regulation 29 of the RE Tariff

Himachal Pradesh, Uttarakhand

(C) Capital Cost of Biomass based Power Projects for FY 2010-11

2009-10 which shall be linked to the indexation mechanism specified under

(E) Capital Cost of Solar PV Projects for FY 2010-11

As per Regulation 5, the Commission has reviewed vide

the Order dated

(F) Solar Thermal Power Project for FY 2010-11

Renewable Energy Projects

Capital Cost Norm

(d) Other States ( 5MW to 25 MW)

Clause (1) of Regulation 13 of the RE Regulations provides that the debt-equity

Himachal Pradesh, Uttarakhand and North

Himachal Pradesh, Uttarakhand and North

Other States (below 5 MW)

Other States ( 5MW to 25 MW)

(4) Non-fossil fuel co-generation

Renewable Energy Projects

In terms of the above, the computations of interest on loan for determination of

Source: State Bank of India (www.statebankofindia.com)

Regulation 15 of the RE Regulations provides for computation of depreciation in

Useful Life (in years)

Rate of depreciation for

INTEREST ON WORKING CAPITAL

Regulation 17 of the RE Regulations provides for the working capital requirements

(A) For Fixed charges

OPERATION AND MAINTENANCE EXPENSES

Regulation 18 of the RE Regulations provides for Operation and Maintenance

(a) Wind Energy: Regulation 27 of RE Regulations provided that the normative

Himachal Pradesh, Uttarakhand

(c) Biomass: Regulation 39 of RE Regulations provided that the normative O& M

(d) Non-fossil fuel co-generation: As per Regulation 55 of RE Regulations, the

CAPACITY UTILISATION FACTOR

Renewable Energy Projects

In terms of clause (2) of Regulation 26 of the RE Regulations, the annual mean

PLANT LOAD FACTOR (PLF)

Renewable Energy Projects

120 days (crushing)+ 60 days (off-season) = 180 days

Tamil Nadu and

180 days (crushing)+ 60 days (off-season) = 240 days