Amendment status not verified — confirm the current text below against the official source.
(1) Loan Tenure: A normative loan tenure of 13 years shall be considered for the purpose of determination of tariff under these Regulations. (2) Interest Rate: (i) The loans arrived at under Regulation 40 shall be considered as the gross normative loan for calculation of interest on loan. The normative loan outstanding as on April 1st of every year shall be worked out by deducting the cumulative depreciation up to March 31st of previous year from the gross normative loan. (ii) A normative interest rate of two hundred (200) basis points above the average State Bank of India Marginal Cost of Funds based Lending Rate prevalent during the last available six months shall be considered for allowing interest during loan tenure. (i) Notwithstanding any moratorium period availed by the generating company, the repayment of loan shall be considered from the first year of date of commercial operation of the project.