Post on 31-Jan-2018
transcript
Guidelines for
Solar Grid Power Projects
NTPC Vidyut Vyapar Nigam Ltd.NTPC Ltd.
NTPC / NVVN at a glance
Broad Guidelines for Selection of Solar Power Developers
Elements of PPA
AGENDA AGENDA
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NTPC Limited – At a glance
� One of the three largest Indian
companies with market cap of nearly
Rs.1,75,000 Crore.
� Net worth of over Rs. 57,000 Crore
� Total assets of over Rs. 1,05,000 Crore
� One of the three largest Indian
companies with market cap of nearly
Rs.1,75,000 Crore.
� Net worth of over Rs. 57,000 Crore
� Total assets of over Rs. 1,05,000 Crore
� Ranked # 1 independent power producer in Asia in 2009 (by Platts, a division of McGraw-Hill companies)
� No.1 globally in capacity utilisation
� 317th Largest company in the world
(FORBES ranking – 2009)
� The largest generator in India with a share of nearly 30%
� Ranked # 1 independent power producer in Asia in 2009 (by Platts, a division of McGraw-Hill companies)
� No.1 globally in capacity utilisation
� 317th Largest company in the world
(FORBES ranking – 2009)
� The largest generator in India with a share of nearly 30%
NTPC VIDYUT VYAPAR NIGAM LTD.
Power Trading market share ~ 20%
Presence in ash business
National Power Exchange Limited (NPX)
Cu
rren
t B
usin
ess
Cross Border Trading
Green Power Trading & Emission Trading
Fu
ture
po
ten
tial
Captive Power Trading
Long Term Power Trading
Trading of Fuel
Strong Promoter – NTPC Limited
Excellent Asset Back-up
Co
re S
tren
gth
s
Formidable Network
Government Support
Professional Manpower
Incorporated on 26th Nov 2002
Wholly owned subsidiary of NTPC Ltd
Highest rated Trading Licensee Category “I”
Backg
rou
nd
Operational Performance of NVVN
MUs Traded
Year 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
Units traded (MU)
962 2616 1643 2664 3324 4832
Turnover
(Rs. Million) 2240 5870 4346 8613 7598 18996
National Solar Mission (NSM)
Targets set for development of Solar Power under NSM:
Installed Capacity (MW)
Phase -I
Phase -II
Phase -III
(up to 2013) 1100 MW
(up to 2017) 4000 MW
(up to 2022) 20000 MW
• NVVN appointed the Nodal Agency for sale and purchase of 33 kV and above Grid connected Solar Power under Phase -I of the NSM by Ministry of Power
• Cumulative capacity to be limited to 1000 MW under phase-I
• Tariff shall be as fixed by the CERC
• MOP to allocate the equivalent megawatt capacity from the central unallocated power of NTPC coal based stations to NVVN, for bundling together with the solar power
• NVVN will undertake the sale of the bundled power to Power Utilities at regulated tariff plus facilitation charges.
National Solar Mission - Features
Selection of Solar Power Developers
Migration Scheme
NewProjects
• Solar Power Developers (SPD)
who have already initiated definite
process of setting up solar power
plants and have made
arrangements for sale of power to
State Utilities
• SPDs approaching with new
proposals for setting up solar
power projects
The ratio of Solar PV to Solar Thermal is proposed to be in the ratio of 40 : 60
MIGRATION SCHEME
PROPOSED SELECTION CRITERIA FOR WILLING DEVELOPERSPROPOSED SELECTION CRITERIA FOR WILLING DEVELOPERS
Clear title and possession of land (say @ approx. two hectares/MW)
Approval from concerned State Transmission Utility (STU) for evacuating power from
their solar power plant to the grid at 33 kV and above
Confirmation from concerned State/Discoms for purchase of all the power from the
solar power plant through NVVN
Necessary water linkage from the concerned State Authorities (for solar thermal power plants)
Letters of comfort for funding the project
Bank Guarantee @ Rs. 50 Lac per MW to NVVN, out of which Rs. 25 Lac per MW at the
time of signing of MOU and balance Rs. 25 Lac per MW at the time of signing of PPA.
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No change in equity holding permitted from MOU signing till PPA execution7
KEY TIMELINESKEY TIMELINES
Draft MOU, to be signed with the migrating SPDs and Discoms, would be circulated during 1st week of February 2010
Signing of MOU during the meeting between MNRE, MOP, NVVN, SPDs and Discoms (24-26, Feb 2010)
States have been requested (by MNRE) for providing information about the potential SPDs interested to migrate to NSM
MIGRATION SCHEME
READINESS OF PPAs & PSAs BY 31ST MARCH 2010
Invitation of Expression of Interest (EOI)
By 10th March 2010
Last date of submission of Applications and Registration
By 30th April 2010
Submission of documents by SPDsrequired for MOU
By 30th June 2010
Forwarding of details to States for validation / recommendation
By 15th July 2010
Confirmation of preparedness of SPDsand recommendations by State
By August 2010
Selection of Developers by the Central Empowered Committee
By September 2010
Signing of MOU with SPD
By 30th September 2010
Readiness for signing of PPA & PSA
By 31st October 2010
NEW PROJECTSNEW PROJECTS
PROPOSED TIME FRAME AND PROCESSPROPOSED TIME FRAME AND PROCESS
BROAD GUIDELINES FOR SELECTION BROAD GUIDELINES FOR SELECTION
OF SOLAR POWER DEVELOPERSOF SOLAR POWER DEVELOPERS……
Expression of Interest
� Invitation of EoI for Registration
of the new Solar Power Developers (SPDs) with NVVN.
Proposed Guidelines for Registration
Minimum Requirement
� Confirmation that Capacity proposed shall be commissioned on or before 31st March 2013.
� Net worth of the SPD for the past three years.
� Turn-over of last three years
� Technical requirement
�Letter of Registration would be issued by NVVN to those Developers who meet the Registration Criteria.
�The Registration Letter shall contain the conditions precedent for signing of MOU with them.
�Confirmation from STU regarding evacuation of power at 33 kV or above
�Statutory and other clearances as applicable
�Complete Detailed Project Report (DPR)
� Letter of comfort for Equity/Debt from Promoter(s) /Financial Institute(s)
�Time-Frame for major activities pertaining to Solar Power Plant
� Letter of confirmation from the State Authority regarding identification / notification/allotment of land for setting up of the solar power plant
�Necessary water linkage from the concerned State Authorities, incase of solar thermal
�Submission of Bank Guarantee
�No change in equity holding permitted from MOU signing till PPA execution
Conditions Precedents for signing of MOU
Solar Power Developers who are meeting the set conditions will be called
for signing of MOU with NVVN
� NVVN shall approach Distribution Utilities for signing of Power Sale Agreement (PSA) for purchase of solar
power along with equivalent NTPC power.
� Based on the above MOUs, NVVN would be approaching MOP, Govt. of India for allocation of NTPC
power from its unallocated quota of coal based station to NVVN for bundling it with solar power.
� After signing of PSAs with Distribution Utility, NVVN will sign PPAs with Solar Power Developers.
Signing of PPA / PSA
ELEMENTS OF PPAELEMENTS OF PPA……
� PPA to remain valid for 25 years (in line with CERC regulations) duration from the date of commencement of supply from the Solar Power Project.
� The Solar power tariff shall be as determined by the CERC including taxes & duties, as applicable.
� Power shall be delivered by SPD at 33 KV or above sub-station of Discom / STU
� Transmission charges, losses, RLDC/SLDC charges, scheduling charges or any other charges for supply of solar power beyond delivery point to be borne by the respective Distribution Utility.
� Billing & Payment cycle shall be as per Energy Accounts issued by RPC / SLDC.
Elements of PPA – 1/2
� Scheduling of power shall be as per Indian Electricity Grid Code (IEGC).
� NVVN shall establish irrevocable revolving Letter of Credit (LCs) in favour of the Solar Power Developers prior to commencement of electricity supply from the proposed Solar Power Plant.
� Distribution Utilities shall ensure Payment Security Mechanism as per Tri Partite Agreement and open irrevocable revolving Letter of Credit.
� Aggregate share holding of Promoter shall not go below 51% for 3 years after COD. Any reduction thereafter shall necessarily require the approval of NVVN.
Elements of PPA – 2/2
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