Guidelines for Solar Grid Power Projects NTPC Vidyut Vyapar Nigam Ltd. NTPC Ltd.
AGENDA AGENDA NTPC / NVVN at a glance 1 Broad Guidelines for Selection of Solar 2 Power Developers Elements of PPA 3
NTPC Limited – At a glance � Ranked # 1 independent power producer � Ranked # 1 independent power producer in Asia in 2009 (by Platts, a division of in Asia in 2009 (by Platts, a division of � One of the three largest Indian � One of the three largest Indian McGraw-Hill companies) McGraw-Hill companies) companies with market cap of nearly companies with market cap of nearly � No.1 globally in capacity utilisation � No.1 globally in capacity utilisation Rs.1,75,000 Crore. Rs.1,75,000 Crore. � 317 th � 317 th Largest company in the world Largest company in the world � Net worth of over Rs. 57,000 Crore � Net worth of over Rs. 57,000 Crore (FORBES ranking – 2009) (FORBES ranking – 2009) � Total assets of over Rs. 1,05,000 Crore � Total assets of over Rs. 1,05,000 Crore � The largest generator in India with a � The largest generator in India with a share of nearly 30% share of nearly 30%
NTPC VIDYUT VYAPAR NIGAM LTD. Strong Promoter – NTPC Limited Incorporated on 26 th Nov 2002 Core Strengths Excellent Asset Back-up Background Formidable Network Wholly owned subsidiary of NTPC Ltd Government Support Highest rated Trading Licensee Category “I” Professional Manpower Cross Border Trading Power Trading market share ~ 20% Current Business Future potential Green Power Trading & Emission Trading Captive Power Trading Presence in ash business Long Term Power Trading National Power Exchange Limited (NPX) Trading of Fuel
Operational Performance of NVVN MUs Traded ���� ������� ������� ������� ������� ������� ������� ������������� ��� ���� ���� ���� ���� ���� ���� �������� ������������� ���� ���� ���� ���� ���� �����
National Solar Mission (NSM) Targets set for development of Solar Power under NSM: Installed Capacity (MW) Phase -I (up to 2013) 1100 MW (up to 2017) 4000 MW Phase -II (up to 2022) 20000 MW Phase -III
National Solar Mission - Features • 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.
Selection of Solar Power Developers Migration New Scheme Projects • Solar Power Developers (SPD) • SPDs approaching with new who have already initiated definite proposals for setting up solar process of setting up solar power power projects plants and have made arrangements for sale of power to State Utilities 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 DEVELOPERS PROPOSED SELECTION CRITERIA FOR WILLING DEVELOPERS 1 Clear title and possession of land (say @ approx. two hectares/MW) 2 Approval from concerned State Transmission Utility (STU) for evacuating power from their solar power plant to the grid at 33 kV and above 3 Confirmation from concerned State/Discoms for purchase of all the power from the solar power plant through NVVN 4 Necessary water linkage from the concerned State Authorities (for solar thermal power plants) 5 Letters of comfort for funding the project 6 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. 7 No change in equity holding permitted from MOU signing till PPA execution
MIGRATION SCHEME KEY TIMELINES KEY TIMELINES States have been requested (by MNRE) for providing information about the potential SPDs interested to migrate to NSM Draft MOU, to be signed with the migrating SPDs and Discoms, would be circulated during 1 st week of February 2010 Signing of MOU during the meeting between MNRE, MOP, NVVN, SPDs and Discoms (24-26, Feb 2010) READINESS OF PPAs & PSAs BY 31 ST MARCH 2010
NEW PROJECTS NEW PROJECTS PROPOSED TIME FRAME AND PROCESS PROPOSED TIME FRAME AND PROCESS Invitation of Expression of Interest Confirmation of preparedness of SPDs (EOI) and recommendations by State By 10 th March 2010 By August 2010 Last date of submission of Selection of Developers by the Applications and Registration Central Empowered Committee By 30 th April 2010 By September 2010 Submission of documents by SPDs Signing of MOU with SPD required for MOU By 30 th June 2010 By 30 th September 2010 Forwarding of details to States for Readiness for signing of PPA & validation / recommendation PSA By 15 th July 2010 By 31 st October 2010
BROAD GUIDELINES FOR SELECTION BROAD GUIDELINES FOR SELECTION OF SOLAR POWER DEVELOPERS… … OF SOLAR POWER DEVELOPERS
Proposed Guidelines for Registration Expression of Interest Minimum Requirement � Confirmation that Capacity � Invitation of EoI for Registration proposed shall be commissioned of the new Solar Power on or before 31st March 2013. Developers (SPDs) with NVVN. � 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.
Conditions Precedents for signing of MOU � 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, in case of solar thermal � Submission of Bank Guarantee � No change in equity holding permitted from MOU signing till PPA execution Solar Power Developers who are meeting the set conditions will be called for signing of MOU with NVVN
Signing of PPA / PSA � 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.
ELEMENTS OF PPA… … ELEMENTS OF PPA
Elements of PPA – 1/2 � 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 – 2/2 � 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.
� Thank you � Thank you Please send suggestions to akgoyal@ntpc.co.in
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