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APTEL Says Banking Energy for Wind Power Projects Will Continue

APTEL Says Banking Energy for Wind Power Projects Will Continue

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APTEL Says Banking Energy for Wind Power Projects Will Continue

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For the foregoing reasons, we find the impugned order, to the extent challenged, to be suffering from the vices of being shorn of reasons, arbitrary, capricious, unjust and inequitable. We, therefore, set aside and vacate the directions of the State Commission in the
impugned order to the extent it stipulated

(a) withdrawal of banking facility

(i) for 12 months to Wind Power Projects commissioned after 31.03.2018 and

(ii) altogether for all existing and new WEGs selling under third party open access sale scheme, irrespective of date of commissioning;

(b) increase in banking charges from 12% to 14%:

(c) increase in cross subsidy surcharge from 50% to 60%:

(d)determination of the capacity utilisation factor at high level of 29.15%:

(e) increase in open access charges from 40% of the normative charges for conventional sources of power to 50% of transmission and wheeling charges and the basis of levy on the installed capacity instead of generated units and imposing 100% scheduling and system operation charges for REC WEGs:

(f) fixed feed-in-tariff at Rs.2.86 without accelerated depreciation (AD) and Rs.2.80 with AD without considering relevant parameters: and (greduction in liability for delay in Invoice payment on sale to Discoms category to 1% interest. In the result, the orders on the above
subjects, as prevailing prior to impugned order, shall stand restored and revived for the control period covered by the impugned order.

The State Commission shall ensure all necessary consequential orders are passed and these directions are scrupulously complied with by all concerned.

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Anand Gupta Editor - EQ Int'l Media Network