Amendment status not verified — confirm the current text below against the official source.
(1) For all renewable energy projects, the debt-equity ratio shall be 70:30 of the capital cost as approved by the Commission as on the date of commercial operation shall be considered for tariff determination. Provided that, while determining the project specific tariff under these Regulations, if the equity actually deployed is more than 30% of the capital cost, equity in excess of 30% shall be treated as normative loan: Provided further that, if the equity actually deployed is less than 30% of the capital cost, the actual equity deployed shall be considered for determination of project specific tariff: (2) The equity invested in foreign currency shall be designated in Indian Rupees on the date of each investment. The overnight MIBOR notified by FBIL for that particular date shall be exchange rate for such conversion to Indian Rupees.