Finally CERC ( Central Electricity Regulatory Authority) has published Benchmark Capital cost for Solar PV and Thermal Project for Year 2016- 17. Interesting to see that Solar thermal project cost has been kept at INR 12 Crore / MW , but for Project using PV Technology has been notified at lower end of INR 5.30 Crore / MW with a significant percentage drop observed across component including Civil Works , Module Mounting Structure & PCU . Even with Scaling up of project size , Evacuation cost per MW is estimated to decrease significantly .
In 1 year , Capital Cost has been reduced by 12% from last year INR 605.85 Lakh/ MW .
When draft was uploaded on CERC website to invite comments from industry players . Most of EPC/IPP and even state nodal agencies have raised observations on :
- Forex Exchange rate
- Modules Rate
- Separate capital cost for Domestic and Imported Modules
- Inverter Replacement cost .
- Transmission Line cost
- Land Cost ( vary from 2 Lakh/acre to 25 lakh/acre based on Project Site )
But CERC have used data from MERCOM Capital Report and recently concluded Central /State Govt Bidding result to arrive on the Benchmark Price .
From a Layman prospective , this seems good and fair as it shows optimism for future price reduction and increasing feasibility of project .
As the saying goes , ” Lets put the sunny side up and with sun god on our side , hope to achieve 100 GW by 2022 ” .
The copy of order uploaded on CERC website can be found at below mentioned link :