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<p>The Tamil Nadu Electricity Regulatory Commission (<a href="http://www.tnerc.gov.in/" target="_blank" rel="noopener">TNERC</a>) has issued a new levelized generic tariff for the procurement of wind-based power in the state for the financial year (FY) 2018-19.</p>
<p>The tariff for wind power has been fixed at ₹2.86 (~$0.0438)/kWh without accelerated depreciation (AD) and ₹2.80 (~$0.0429)/kWh with AD. The AD component of the tariff is ₹0.06 (~$0.00092)/kWh.</p>
<p>In this order, TNERC has ascertained 25 years as the useful life of a wind project. TNERC has also fixed ₹50.25 million (~$537,857)/MW as the project cost and capacity utilization factor (CUF) at 29.15 percent for the calculation of the levelized tariff.</p>
<p>For this tariff order, the TNERC fixed operation and maintenance (O&amp;M) expenses at 1.1 percent on 85 percent of the capital investment and 0.22 percent on 15 percent of the capital investment with an escalation of 5 percent from the second year.</p>
<p>A discount factor of 8.75 percent and a normative debt equity ratio (70:30) has been adopted for the levelized tariff computation.</p>
<p>The TNERC has retained the duration for payment by the distribution licensee as 60 days, the same as the previous order and has adopted the rate of interest of 1 percent per month for any delayed payment by the distribution licensee beyond 60 days.</p>
<p>Recently, Mercom <a href="https://mercomindia.com/benchmark-tariff-solar-wind-tamil-nadu/" target="_blank" rel="noopener">reported</a> that TNERC proposed a benchmark tariff of ₹3.11 (~$0.047)/kWh without accelerated depreciation (AD) for solar power and ₹2.86 (~$0.043)/kWh without AD for wind power.</p>
<p>Tamil Nadu is already one of the top solar states in India with over 1.7 GW of installed solar capacity, according to <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener"><em>Mercom’s India Solar Project Tracker</em></a>.</p>
<p>The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) also <a href="https://mercomindia.com/tamil-nadu-tender-3-gw-renewable/" target="_blank" rel="noopener">recently</a>, revealed its plans to tender 3 GW of renewable energy capacity. The capacity will consist of 1.5 GW of solar projects and 1.5 GW of wind power projects.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/ankita/" class="vcard author" rel="author"><span class="fn">Ankita Rajeshwari</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><img class="alignleft" src="https://mercomindia.com/wp-content/uploads/2018/03/ankita-edited-1.png" alt="Ankita Rajeshwari" /> Ankita is an editor at MercomIndia.com where she writes and edits clean energy news stories and features. With years of experience in the news business, Ankita has a nose for news and an eye for detail. Prior to Mercom, Ankita was associated with The Times of India as a copy editor for the organization’s digital news desk. She holds a Bachelor’s degree in Psychology from Delhi University and a Postgraduate Diploma in journalism. <a href="https://mercomindia.com/author/ankita/">More articles from Ankita Rajeshwari.</a></p>
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Tamil Nadu Sets ₹2.86/kWh as the New Levelized Generic Tariff for Wind Projects

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