Amendment status not verified — confirm the current text below against the official source.
(1) The Commission may, based on a petition for determination of tariff as per the provisions of Electricity Act 2003, determine by an order the project specific tariff, on a case to case basis, for the Renewable Energy projects. This shall be done in accordance with the principles, norms and parameters specified or adopted by the Commission as per these Regulations. (2) Provided that the financial norms as specified under these Regulations, shall be ceiling norms while determining the project specific tariff for such Renewable projects. (3) A petition for determination of project specific tariff shall be accompanied by such fee as may be determined by Regulations and be accompanied by: a) Detailed Project Report outlining technical and operational details, site specific aspects, premise for capital cost, financing plan, project economic viability etc.; b) Estimates of cost of all major components for the project with evidence to its reliability. c) A statement indicating the project completion cost, evidence for all major expenditures incurred, sources of financing with its terms/ conditions etc for the period, for which tariff is to be determined; d) A statement containing full details of any subsidy and incentive available, claimed and received, due or assumed to be due from the Central Government and/or the State Government; e) Any other information as decided by the Commission, for determining the project specific tariff for the project. (4) For the determination of project specific tariff, the generating company shall submit the break-up of all the capital cost items accompanied by relevant paid vouchers/ tax receipts and other verifiable documents with its petition in the manner specified above. Provided that, the project specific tariff so determined shall be limited to the generic tariff determined by the Commission for the particular year of CoD, if it exceeds the generic tariff for that year and shall be based on the norms and parameters specified in these Regulations.