event_20-78-1-518c9ea715aae

Report
1
SOLAR POWER DEVELOPMENT –
VGF OPTION UNDER JNNSM
Dr. Ashvini Kumar
Director (Solar)
Solar Energy Corporation of India
2
SOLAR ENERGY CORPORATION OF INDIA
 A Government of India Enterprise under the
administrative control of MNRE.
 Incorporated on 20th September 2011.
 Under Section-25 of the Companies Act, 1956.
 “Not for profit” company.
 Authorised capital of Rs 2,000 Cores
3
SECI Activities
Broad mandate :
Implementing & Monitoring agency of JNNSM
from “Concept to Commissioning”
Apart from the mission activities SECI is doing the following projects.
 Solar PV power plants.
 Solar Mini/Micro Grids
 Solar Thermal Power Plants
 Solar Water Heaters
 Solar Roof-Top Systems
 Solar Home lighting and Solar Street lights
 Hybrid projects
1. Solar + Gas
2. Solar + Biomass
3. Solar + Hydro/Pump Storage
 R&D activities.
4
JNNSM Road Map
Application Segment
Grid solar power
(large plants, roof top &
distribution grid plants)
Off-grid solar
applications
Solar Thermal Collectors
(SWHs, solar cooking/
cooling, Industrial process
heat applications etc.)
Solar Lighting System
Target for
Phase I
(2010-13)
Cumulative
Target for
Phase 2
(2013-17)
Cumulative
Target for
Phase 3
(2017-22)
1,100 MW
10,000 MW
20,000 MW
200 MW
1,000 MW
2,000 MW
7 million
sq. meters
15 million
sq. meters
20 million sq
meters
5 million
10 million
20 million
5
Policy and Regulatory Support
 Regulatory measures- RPO/REC
 Supporting grid connected projects to bring volumes and
reduce prices
 Financial support for off-grid
 Support R&D in India
 Encourage manufacturing
 HR development
6
Ground Measurement of Solar Radiation
Andhra Pradesh
6
Gujarat
11
Haryana
1
Madhya Pradesh
3
Karnataka
5
Rajasthan
12
Chhattisgarh
1
Ladakh
1
Maharashtra
3
Pudducherry
1
Tamil Nadu
6
• C-WET is implementing the project for
setting up 51 ground monitoring stations
• Centralized data collection, analysis and
calibration of measuring sensors
State Initiatives
S.
No
State
Solar Specific Programme
1.
Gujarat
Announced – 968.5 MW
Commissioned – 857 MW
2.
Maharashtra
Commissioned – 100 MW (includes 40 MW setup in
Rajasthan under RPO).
Under installation: 150 MW at Sakri/ Dhule
3.
Karnataka
Commissioned – 8 MW , Approved plan for 200 MW
Bids invited/allotted– 70 MW, Min. tariff – Rs.
7.94/unit
Bids to be invited-130 MW
4.
Rajasthan
Tendered – 200 MW, 75 MW at Rs. 6.45/Unit
awarded
5.
Odisha
Announced -50 MW
Awarded – 25 MW, Minimum tariff – Rs. 7/unit
State Initiatives (2)
S.
No
State
Solar Specific Programme
6.
Uttar
Pradesh
Announced – 500 MW till March 2017 (10 yr PPA)
First Phase – 200 MW
7.
Andhra Pd.
Policy announced in November 2012 for 1000
MW (1 – 5 MW, Rs.6.49/Unit)
8.
Tamil Nadu Announced – 3000 MW Tendered-1000 MW
Bids received - 498 MW
(60 MW bids < Rs 7: 200 MW bids - Rs 7 to 8;
141 MW bids between Rs 8 and Rs 10; 75 MW
bids > Rs 10.
9.
Madhya
Pradesh
Awarded– 200 MW
Minimum tariff – Rs. 7.90/unit (Alpha-20 MW), Rs
8.05/Unit (Welspun – 125MW)
Growth of Solar Capacity (MW)
1800
1684
Solar Capacity (MW)
1600
1400
1200
1000
936
800
600
400
200
3
11
36
0
2008-09 2009-10 2010-11 2011-12 2012-13
State
MWp
%
Gujarat
857.9 50.96
Rajasthan
551.2 32.74
Maharashtra
100.0 5.94
Madhya
37.3
Pradesh
2.22
Andhra Pradesh
23.2 1.38
Uttar Pradesh
17.4 1.03
Tamil Nadu
17.1 1.01
Jharkhand
16.0 0.95
Karnataka
14.0 0.83
Orissa
13.0 0.77
Punjab
9.3 0.55
Haryana
7.8 0.46
A & N Island
5.1 0.30
Uttarakhand
5.1 0.30
Chhattisgarh
4.0 0.24
Delhi
2.6 0.15
West Bengal
2.1 0.12
Lakshadweep
0.8 0.04
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MNRE Strategy for Phase II
 Award of capacity to be spread out over Initial two years of
plan period as:
 It facilitates planning for manufacturers as well as
developers
 Learning from prior development would be available for
subsequent bids
 Benefits of cost reduction could be achieved
 More states could come up the curve to participate in
the process
 Maximize chances of achieving targets within desired
timelines
 Preferably bidding process for allocation of target capacity to
end before 2015-16
 Lower dependence on Bundling
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Domestic Content – Key for Phase II
 Development of 4-5 GW of manufacturing capacity is one
of the objectives of JNNSM
 Current manufacturing
(Module)
capacity
(SPV):
~2000
MW
 Cheaper international loans available with imported
components
 DCR conditions under schemes entailing direct funding
support by Central Government could facilitate
development of domestic manufacturing capacity base.
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Policy Initiatives for Further Growth in Solar
Power Capacities
• Policy hallmark during Phase 1 was bundling of solar power with
cheap thermal power
• Phase 2 envisages to reach 10 GW utility scale solar power
capacity by March 2017.
• 4 GW under central scheme and 6 GW under various State
specific schemes.
• Other Schemes are
• Grid Connected Roof Top Solar PV Power systems
• CSP Pilot Projects
• Provision of Viability Gap Funding (VGF)
• Bundling is subject to availability of unallocated thermal power
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Draft Features of VGF Scheme

Tariff to be paid to the developer :
 Rs.5.45/kWh, fixed for 25 years
 10% less viz., Rs. 4.95/kWh for projects
availing benefit of Accelerated Depreciation

Payment of VGF


Developer’s equity


up to 30% of project cost limited to Rs. 2.5 cr./
MW, through competitive bidding.
Minimum Rs.1.5 cr./MW
Balance can be raised as Loan.
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Release of VGF amount

VGF to be released in three tranches– 25% at the time of delivery of at least 50%
of major equipment at site;
Weightage:
Modules
PCUs
Switchgear & Transformer
Mounting Structures
-40%
-20%
-20%
-20%
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Release of VGF amount

50% on successful commissioning;

Balance 25% after 1 year of commissioning meeting
requirements of generation
 If
–
–
–
during PPA duration of 25 years:
the project fails to function at any time, or
its assets are sold, or
the project is dismantled,
SECI will have right to claim assets equal to VGF paid.
Legal documentation to be prepared by SECI.
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Min. & Max. Capacity

Min. Capacity of each project
– 10 MW

Max. capacity
– 50 MW

Max. 3 projects at different locations by one
developer, subject to a max. of 100 MW.
Capacity will be the AC output at the project bus bar
located within project premises.
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Grid connectivity

Inter-connection with Transmission network of
STU/CTU/any other Utility at level of 33 KV or above.

Developer to submit along with Bid a letter from STU /
CTU/ Transmission Utility confirming technical
feasibility of connectivity of plant to substation.

Transmission of power up to interconnection point
where metering is done for energy accounting, to be
responsibility of Developer at own cost.
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Grid connectivity (contd.)
 Option of Pooling Point where more than one SPV projects
may connect
 Common Transmission Line (CTL) to further connect
Pooling Point to the Interconnection/Metering point.
CTL to be built and operated by the developer/any third
party/by STU on behalf of developer.
 Metering to be done at the Interconnection Point along
with subsidiary meters at the Pooling Point to determine
the generation by each project.
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Tentative Schedule
No. Event
Date
1
Request for Selection (RfS) notice
May 2013
2
Receipt of applications
against RfS
1st Week June 2013
3
Short-listing of projects based
on applications received
and evaluation of bids
Mid August 2013
4
Issue of Letter of Intent (LOI)
1st Week Sept 2013
6
Signing of PPA
1st Week Oct 2013
7
Financial Closure
By April 2014
8
Commissioning of projects
By December 2014
Pilot Solar Thermal Power Projects
• JNNSM document envisages setting up pilot projects to
address issues related to optimization and use of
improved/advanced technology options
- Advanced technology configurations which could lead to cost
reduction through higher efficiency and CUF, and scale effect
- Reduction in water consumption and footprint land area in solar
thermal projects
- Potential for replication in commercial projects soon after success of
demonstration projects
- Potential for indigenous manufacturing
• MNRE constituted a multi-stakeholders Group in January
2011 to discuss and suggest technology configurations
Project Configurations and Sites
Based on recommendations of the stakeholders group and
site visits by experts, identified pilot projects to have the
following configurations:
Project Configuration
Identified sites and Broad
Specifications
With hybrid cooling
Bhadla (Rajasthan)
Reduced (<= 30%) consumption Available Land Area: 150 ha
of water
Capacity: 40 MW est. CUF: 29% est.
High operating temperature Charanka (Gujarat)
Available Land Area: 140 ha
(>=500ºC)
Higher efficiency
Capacity: 35 MW est. CUF : 30% est.
Terkuveerapandiyapuram (Tamil Nadu)
Large thermal storage
Available Land Area: 160 ha
(about 8 hours)
Capacity: 25 MW est. CUF : 45% est.
Large thermal storage
Nennala (Andhra Pradesh)
Base load
Available Land Area: 160 ha
Capacity: 20 MW est. CUF : 65% est.
Project Details
 Solar Energy Corporation of India to implement the project
 Target tariff of solar power – Rs 5.83/ Unit for 25 Years
 Project selection through ICB for viability gap funding
 Framework of Support
 At least 20% of the project cost to come as equity from the project
developer.
 Debt portion could comprise of at the most 50% of the project cost
from CTF / ADB;
 The maximum amount of VGF would be upto 40% of the project
cost.
 Estimated project cost = Rs. 2,555 Crore
 NCEF
Committee Chaired by Expenditure Secretary
approved the project with Rs. 1020 crore of support
Roof Top Solar PV Power Projects
 Grid connected Rooftop Projects to be supported by grant as
capital subsidy for self consumption of Solar Electricity and
feeding extra power to grid whenever available.
 Basic aim is to mitigate consumption of diesel.
 The scheme is implemented in two modes, viz., Capital Grant @
30% of project cost, and RESCO mode with some grant and a
provision of tariff from the consumer.
 Scheme is implemented by SECI through competitive bidding in
select cities.
 Project size to be 100 kW to 500 kW, however, aggregation of
capacity from smaller projects is allowed.
 Balance cost is to be met by the consumer.
 Grid connectivity and metering is to be in accordance with CEA
guidelines or SERC’s regulations.
Status of Implementation
• Phase-I already started with the following allocations:
 Chennai
– 2 MW
 Bangalore
– 2 MW
 Delhi
– 1 MW
 Gurgaon
– 0.5 MW
• Phase-II: Bids invited for a capacity of 11.1 MW:
 Jaipur
– 3.1 MW
 Bhubaneswar
– 1 MW
 Hyderabad
– 2 MW
 Gurgaon
– 1.5 MW
 NOIDA/ Gr. NOIDA – 1.5 MW
 Raipur
– 2 MW
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