CERC:Order in the matter of Determination of Benchmark Capital Cost Norm for Solar PV power projects and Solar Thermal power projects applicable during FY 2016-17
SMA SOLAR TECHNOLOGY AG CONCLUDES SALE OF SMA RAILWAY TECHNOLOGY GMBHSMA Solar Technology AG (SMA/FWB: S92) concluded sale of its subsidiary SMA Railway Technology GmbH today. The buyer is the leading Chinese railway technology group Beijing Dinghan Technology Co., Ltd. The buyer and the seller have agreed not to disclose the purchase price. The transaction will contribute positively to the SMA Group’s earnings in the first quarter of 2017. Against this backdrop, the SMA Managing Board forecasts sales of €165 million to €175 million and earnings before interest, taxes, depreciation and amortization (EBITDA) of €15 million to €18 million for the first quarter of this year. The SMA Managing Board is confirming its sales and earnings guidance for fiscal year 2017 as published on January 26, 2017, which forecasts sales of between €830 million and €900 million and EBITDA of between €70 million and €90 million.
In exercise of powers under Regulation 5 of RE Tariff Regulations, the Commission vide Order dated 31st March, 2015, determined the Benchmark Capital Cost Norm for Solar PV power projects for the year 2015-16 (Petition No. SM/005/2015 ‐Suo‐Motu) at Rs. 605.85 lakhs/MW, and for Concentrated Solar Power (CSP) projects at Rs.12 crores/MW.Determination of Benchmark Capital Cost