“ About 5,000 trillion kWh per year energy is incident over India’s land area with most parts receiving 4-7 kWh per sq. m per day. Hence both solar thermal and solar photovoltaics can effectively be harnessed providing huge scalability for solar in India”. INDIA NATIONAL SOLAR MISSION
NTPC’s 100% subsidiary NTPC Vidyut Vyapar Nigam Ltd. (NVVN) is agency for entering into a Power Purchase Agreement (PPA)
Central Electricity Regulatory Commission (CERC) has notified levalised tariffs of Rs 18.44/kWh (Euro 0.29) for PV & Rs 13.45/kWh (Euro 0.21) for Thermal for FY 2009-10.
The key driver to be through a Renewable Purchase Obligation (RPO) mandated for power utilities, with a specific solar component.
This could be complemented with a solar specific Renewable Energy Certificate (REC) mechanism to allow utilities and solar power generation companies to buy and sell certificates to meet their solar power purchase obligations.
India National Solar Mission Highlights -2 www.norasco.com
Capital Cost: Rs.17 Crore/MW (Euro 2.66mn) Capacity Utilisation Factor: 19% O&M Expenses : 9 lakhs/MW (Euro 14k) for 1 st year of operation ; escalating @5.72% p.a. Tariff /Project life = Rs 18.44 (Euro 0.29) for 25 years CERC’s Financial Assumptions for PV plant: Debt :Equity ratio 70:30 Loan Interest : 14.29%, Loan Repayment : 10 years Return on Equity: 19% pa(first 1o years) and 24% pa from 11 th year Weighted average Return on Equity : 22% (CERC- Central Electricity Regulatory Commission) 1 Euro= 64 INR Current CERC Guidelines for Solar PV India www.norasco.com
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Mr. Sanjay Goyal, CEO Tel: +44.20.32399882 Fax: +44.20.79002189 Email: firstname.lastname@example.org This document is only for information purposes and is work in process. Norasco does not provide banking, legal, accounting or tax services and is not regulated by any financial services authority. www.norasco.com