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<p>The Himachal Pradesh Electricity Regulatory Commission (<a href="http://hperc.org/?page_id=4" target="_blank" rel="noopener noreferrer">HPERC</a>) has set the tariff for sale of power from BASPA II, which is a 300 MW hydropower project located on river Baspa (a tributary of river Satluj), located in district Kinnaur.</p>
<p>The power will be sold to Himachal Pradesh State Electricity Board Ltd. (HPSEBL) from FY 2019-20 to 2023-24.</p>
<p>The state commission has issued the order after being requested by JSW Hydro Energy Limited, the owner of the BASPA II hydropower project. JSW Hydro had filed a petition for the determination of tariff for the control period FY 2019-20 to FY 2023-24 as prescribed under the multi-year tariff filing procedures set out under the power purchase agreement.</p>
<p>JSW Hydro Energy Limited had also requested that the commission allow an additional capital expenditure of ₹110.5 million (~$1.6 million) during FY 2018-19 to FY 2023-24. The company claimed the additional capital expenditure under the heads of an upgrade in technology, prudent utility practices, and ‘Change in Law’.</p>
<p>While determining the tariff, the state commission considered the rate of interest on the working capital on the lines of State Bank of India’s prime lending rate of 13.80% as on April 1, 2019 for the entire control period, along with the return on equity (RoE) at an annual rate of 16% of the equity component of the capital cost.</p>
<p>The HPERC has not considered any secondary energy generation for approval of the tariff. The incentive for secondary energy generation will be billed to HPSEBL.</p>
<p>The HPERC has set the following tariffs:  ₹1.70 (~$0.024)/kWh for FY2019-2020, ₹2.17 (~$0.031)/kWh as the tariff for FY 2020-2021, ₹2.19 (~$0.032)/kWh for FY 2021-2022, ₹2.21 (~$0.0320)/kWh as the tariff for FY 2022-2023 and ₹2.23 (~$0.03)/kWh for FY 2023-2024.</p>
<p><a href="https://mercomindia.com/cerc-tariff-settlement-hydro-project/" target="_blank" rel="noopener noreferrer">Recently</a>, the Central Electricity Regulatory Commission (<a href="http://www.cercind.gov.in/" target="_blank" rel="noopener noreferrer">CERC</a>) settled a dispute regarding the revision of the tariff for the period between April 1, 2009 and March 31, 2014, including the truing up of the tariff, for a 1,500 MW (six units of 250 MW each) Nathpa Jhakri hydro-electric power project in Himachal Pradesh.</p>
<p>Large hydropower projects were back in the <a href="https://mercomindia.com/large-hydro-power-indias-renewable-mix-good/" target="_blank" rel="noopener noreferrer">limelight</a> in India, thanks to the recent notification by the Ministry of Power in which such projects were reclassified as renewables. The Cabinet Committee on Economic Affairs recently approved the reclassification, endorsing a slew of economic benefits and incentives for the sector.</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/saumy/" class="vcard author" rel="author"><span class="fn">Saumy Prateek</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Saumy Prateek</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/saumy/" target="_blank" rel="noopener">More articles from Saumy Prateek</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="79" height="102" /><a href="https://mercomindia.com/author/saumy/" rel="noopener"><strong>Saumy Prateek, </strong> </a>is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism &amp; Mass Communication from the Manipal Institute of Communication at Manipal University.<a href="https://mercomindia.com/author/saumy/">More articles from Saumy Prateek.</a></div>
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Himachal Pradesh Sets Tariff for Kinnaur’s 300 MW Hydro Project

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