Finally CERC ( Central Electricity Regulatory Authority ) has come up with Benchmark Capital Cost for Solar Pv and Thermal Project for Year 2015- 16 . Interested to see that Although Thermal Project Cost has been kept same at INR 12 Crore / MW , but PV project has been Notified at Lower end of INR 6.05 Crore / MW with maximum drop considered in Module Cost which has now been notified as INR 3.32 crore .
Most of the EPC/IPP and Even state nodal agencies have put strong objection on :
- Forex Exchange rate
- Modules Rate
- Separate Capital cost for Domestic modules and Imported Modules
- Land Cost ( Vary from 2 Lakh/acre to 25 lakh/acre )
But CERC have used MERCOM Capital report and recent reverse bidding result to finalize the price .
Looking from a Layman prospective , this seems good and fair it shows optimism for future price reduction and increasing feasibility of project . But as a sector expert would vary that if this cost is considered as benchmark , tariff ‘s will surely fall and this could in-turn take away investor interest in putting up or bidding in solar projects at all .
But as the saying goes , ” Lets put the sunny side up and with sun god on our side , hope to overcome this challenge too ” .
For Entire PDF and discussion kindly download the copy of Judgement from below mentioned link :