In June, 1993, the state government announced a new policy on independent power
production based on the recommendations of the joint committee. The policy
included:
- A price for cogenerated power equal to the tariff charged by the State
Electricity Board to industry consumers in the state, less 2% for the cost
of transmission. The State Electricity Board will pay cogenerators Rs. 1.80
(approximately 5.8 U.S. cents) per kWh, double the rate that was initially
offered, and this rate will increase as the HT-1 tariff is periodically
raised.
- Elimination of the tax on self-generation, both for captive power and for
power export.
- Approval of wheeling of power at rates mutually agreed upon by the
cogenerators and the private third parties. The State Electricity Board will
charge a fee in the form of 10% of the wheeled power. The State Electricity
Board will also "bank" power for later consumption by the
cogenerator in return for 2% of the electricity.
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The U.P Government, in order to encourage bagasse based cogeneration in sugar
mills, has declared an attractive policy which includes:-
- Buy back rate of Rs. 2.25 per unit. All energy transactions to be settled
on monthly basis through bank Excrow account.
- Wheeling and banking for upto one year to own and other units in other
parts of the State allowed at attractive rates.
- Third party sale allowed at mutually agreed rate through own
transmission/distribution lines.
- Policy is applicable to other biomass based power generation project also.
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