In the Matter of Approval the CERC (Conduct of Business) and (Terms and Conditions of Tariff) Regulations under System Strengthening Scheme in Northern Region–XXXVII (NRSS-XXXVII) – EQ
Summary:
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**Key Dates & Delays**
– **Asset-1:** SCOD – 19.12.2019, COD – 4.12.2022 → **Time overrun: 1081 days**
– **Asset-2:** COD claimed as 5.1.2023 → Delay due to unready downstream asset by PTCUL.
– **Asset-3:** COD claimed as 5.1.2023 → Delay due to washed-out bridge preventing reactor relocation.
**PGCIL’s Claims**
– **Asset-2:** COD claimed under **Regulation 5(2)** due to downstream unreadiness.
– **Asset-3:** COD claimed under **Regulations 76 & 77** (Power to Relax & Remove Difficulty) due to force majeure-like event (bridge washout). Asset scope revised post-NRPC agreement.
**Interim Tariff Decision**
– **Asset-1:** **Interim tariff granted** at **70% of claimed AFC** for FY 2022-23 & 2023-24.
– Allowed charges:
– 2022-23 (pro rata 118 days): ₹1,284.969 lakh
– 2023-24: ₹4,172.36 lakh
– **Asset-2 & Asset-3:** **No interim tariff granted**. To be examined in final tariff order.
– Interim tariff is subject to **adjustment** per Regulation 10 of the 2019 Tariff Regulations.
**Regulatory Basis**
– Regulation 10(3) allows interim tariff for new projects if petition is adequate.
– Tariff differences will be settled later with interest (bank rate).
– Billing & collection to follow **2020 Sharing Regulations**.
**Next Steps**
– Final tariff order to be issued after detailed analysis.
– Issues of COD for Asset-2 and Asset-3 to be resolved in final order.
– Adjustments may be made based on actual vs. projected capital expenditure.
**Signatories**
– Chairperson: Shri Jishnu Barua
– Members: Shri Ramesh Babu V., Shri Harish Dudani, Shri Ravinder Singh Dhillon
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