Amendment status not verified — confirm the current text below against the official source.
(1) The Working Capital requirement in respect of Wind energy projects, Small Hydro Power, Solar PV and Solar thermal power projects, projects based on Municipal Solid Waste shall be computed in accordance with the following: a) Normative Operation & Maintenance expenses for one month; b) Receivables equivalent to two months energy charges for sale of electricity calculated on the normative Capacity Utilization Factor (CUF); c) Maintenance spare @ 15% of operation and maintenance expenses. (2) Interest on Working Capital shall be at interest rate equivalent to the normative interest rate of three hundred (300) basis points above the average State Bank of India MCLR (One Year Tenor) prevalent during the last available six months for the determination of tariff.