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KERC revises wind power tariff to Rs. 4.20

Karnataka Electricity Regulatory Commission (KERC) on Thursday fixed the rate of wind power generation at `4.20 per unit in a tariff order. The order was issued after a public hearing was held on the same matter by the Commission recently. The current cost of wind power is `3.70/unit and many petitioners had argued that the rate was insufficient to meet the increasing costs of setting up a new wind project. As a result, KERC revised the tariff. The new tariff will be applicable to Power Purchase Agreements (PPA) signed in the next five years and will also be binding for the entire duration of the PPA,” said KERC Chairman M R Sreenivasa Murthy. He added that the Commission reached the decision after due consideration of all the objections raised.

MNRE has extended generation based incentive to 12th plan period

MNRE has extended the generation based incentive for the 12 five year period allowing power plant installed after April 2012. According to the scheme any grid connected wind power plant will be eligible of 50 paise per kwh of power subject to a ceiling of Rs. 25 lakh for the first 4 years and 1 crore per MW over a period of 10 years.

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