The Government’s Guarantee covers the payment obligations of the power purchaser under the Energy Purchase Agreement (EPA). The Policy for Development of Renewable Energy for Power Generation 2006 (RE Policy 2006) is the current policy in place for alternative and renewable energy technologies. The RE Policy 2006 is valid till 2018. Upfront Tariff is one which is determined and announced by the Regulator based on its own scrutiny and calculations with certain terms and conditions. The project sponsors may accept the Upfront Tariff based on its viability for their project. Cost-plus tariff is one in which RE IPP is paid its actual cost plus an agreed profit. In this mode, the IPP is required to submit a tariff petition to NEPRA for award of tariff for a particular project along with the tariff proposed for the project and supporting documents evidencing the cost. IPP is an abbreviation of Independent Power Producer The tariffs for IPP projects are determined by National Electric Power Regulatory Authority (NEPRA). There are three ways for determination of tariff for RE power projects on IPP mode;
What does Government Guarantee cover?
What does Government Guarantee cover?
What is Implementation Agreement?
What is Implementation Agreement?
Which is the existing policy for renewable energy?
Which is the existing policy for renewable energy?
What is an Upfront Tariff?
What is an Upfront Tariff?
What is Cost-Plus Tariff?
What is Cost-Plus Tariff?
What does IPP stand for?
What does IPP stand for?
What are the modes of determination of tariff for an IPP project?
What are the modes of determination of tariff for an IPP project?
