The tariff will apply to wind power projects with installed capacity of 5-250MW and those achieving financial close by Dec 31 next year. The increased tariff will be valid for the first 1,500MW.
The tariff was determined on the basis of a proposal put forward by the Alternative Electricity Development Board which said that success could be ensured only if the tariff was lucrative, with margins of profit and made business sense of investments in the sector.Nepra said the upfront tariff was a “take it or leave it package deal”. Any request for modification in tariff or any term of the deal, to meet the specific or unique requirements of any project would not be considered by Nepra. The upfront tariff will remain applicable for 20 years of project`s life.
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