The Karnataka Electricity Regulatory Commission has, in a recent order, determined new generic tariff for solar projects, as below:
- Rs 3.08 per unit for grid connected megawatt scale solar power projects of less than 5MW capacity;
- Rs 3.07 per unit (without capital subsidy) and Rs 2.32 only per unit (with capital subsidy) for grid connected solar rooftop photovoltaic projects of 1kW to 2000kW; and
- Rs 3.99 per unit (without capital subsidy) and Rs 2.97 per unit (with capital subsidy) for grid connected solar rooftop photovoltaic projects of I kW to 10 kW for domestic consumers;
The above tariff shall be applicable to all such new solar power projects for which PPAs are entered into on or after 1 April 2019 and approved by the Commission after the date of issue of this order, that achieve commercial operation on or after 1 April.
The tenure of the PPA, shall be for the life of the solar power projects, which is considered 25 years.
The Karnataka Electricity Regulatory Commission has been promoting generation of power from renewable sources, by determining the feed-in-tariff (generic tariff) periodically, based on the normative operational and financial parameters for different control periods from the year 2005 onwards.
The Commission, vide its Order dated 18 May 2018 had determined a levelized tariff of Rs 3.05 per unit for Megawatt scale solar projects and Rs 3.56 per unit for kW scale solar rooftop photovoltaic projects, applicable for the life of the projects, i.e., 25 years. This Order was in force till 31 March 2019.