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Regulatory 1

The document defines various terms related to electricity generation and regulation, including 'Admitted capital cost,' 'Annual Target Quantity,' and 'Ancillary Service.' It outlines the responsibilities and definitions for entities involved in power generation, such as auditors and beneficiaries, and describes the implications of 'Change in Law' on projects. Additionally, it covers aspects of capital costs and competitive bidding processes for procurement in the energy sector.

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Swar Pand
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0% found this document useful (0 votes)
25 views3 pages

Regulatory 1

The document defines various terms related to electricity generation and regulation, including 'Admitted capital cost,' 'Annual Target Quantity,' and 'Ancillary Service.' It outlines the responsibilities and definitions for entities involved in power generation, such as auditors and beneficiaries, and describes the implications of 'Change in Law' on projects. Additionally, it covers aspects of capital costs and competitive bidding processes for procurement in the energy sector.

Uploaded by

Swar Pand
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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(4) 'Admitted capital cost' means the capital cost which has been allowed by the Commission for

servicing through tariff after due prudence check in accordance with the relevant tariff regulations;

(5) 'Annual Target Quantity' or 'ATQ' in respect of an integrated mine(s) means the quantity of

coal or lignite to be extracted during a year from such integrated mine(s) corresponding to 85% of

the quantity specified in the Mining Plan;

(6) 'Ancillary Service' or 'AS' in relation to power system operation means the service necessary

to support the grid operation in maintaining power quality, reliability and security of the grid and

includes Primary Reserve Ancillary Service, Secondary Reserve Ancillary Service, Tertiary Reserve

Ancillary Service, active power support for load following, reactive power support, black start and

such other services as defined in the Grid Code;

(7) 'Auxiliary Energy Consumption' or 'AUX' in relation to a period in case of a generating

station means the quantum of energy consumed by auxiliary equipment of the generating station,

such as the equipment being used for the purpose of operating plant and machinery including

switchyard of the generating station and the transformer losses within the generating station,

expressed as a percentage of the sum of gross energy generated at the generator terminals of all the

units of the generating station;

Provided that auxiliary energy consumption shall not include energy consumed for the supply

of power to the housing colony and other facilities at the generating station and the power consumed

for construction works at the generating station and integrated mine(s);

Provided further that auxiliary energy consumption for compliance with revised emission

standards, sewage treatment plant and external coal handling plant (jetty and associated

infrastructure) shall be considered separately.

(8) 'Auxiliary energy consumption for emission control system' or 'AUXe' in relation to a

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period in the case of coal or lignite based thermal generating station means the quantum of energy

consumed by auxiliary equipment of the emission control system of the coal or lignite based thermal

generating station in addition to the auxiliary energy consumption under clause (7) of this

Regulation;

(9) 'Auditor' means an auditor appointed by a generating company or a transmission licensee, as

the case may be, in accordance with the provisions of sections 224, 233B and 619 of the Companies

Act, 1956 (1 of 1956), as amended from time to time or Chapter X of the Companies Act, 2013 (18

of 2013) or any other law for the time being in force;

(10) 'Beneficiary' in relation to a generating station covered under clauses (a) or (b) of sub-section

1 of section 79 of the Act, means a distribution licensee who is purchasing electricity generated at

such generating station by entering into a Power Purchase Agreement either directly or through a

trading licensee on payment of capacity charges and energy charges;

Provided that where the distribution licensee is procuring power through a trading licensee,

the arrangement shall be secured by the trading licensee through back to back power purchase

agreement and power sale agreement.

Provided further that beneficiary shall also include any person who has been allocated

capacity in any inter-State generating station by the Government of India.

(11) 'Capital Cost' means the capital cost as determined in Regulation 19 of these regulations in

respect of generating station or transmission system, as the case may be, and Regulation 41 of these

regulations in respect of integrated mine(s);

(12) 'Change in Law' means the occurrence of any of the following events:

(a) enactment, bringing into effect or promulgation of any new Indian law; or

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(b) adoption, amendment, modification, repeal or re-enactment of any existing Indian law; or

(c) change in interpretation or application of any Indian law by a competent court, Tribunal

or Indian Governmental Instrumentality which is the final authority under law for such

interpretation or application; or

(d) change by any competent statutory authority in any condition or covenant of any consent

or clearances or approval or licence available or obtained for the project; or

(e) coming into force or change in any bilateral or multilateral agreement or treaty between

the Government of India and any other Sovereign Government having implications for

the generating station or the transmission system regulated under these regulations.

(13) 'Commission' means the Central Electricity Regulatory Commission referred to in sub-section

(1) of section 76 of the Act;

(14) 'Communication System' means communication system as defined in sub clause (h) of clause

(i) of Regulation 2 of the Central Electricity Regulatory Commission (Communication System for

inter-State transmission of electricity) Regulations, 2017;

(15) 'Competitive Bidding' means a transparent process for procurement of equipment, services

and works in which bids are invited by the project developer by open advertisement covering the

scope and specifications of the equipment, services and works required for the project, and the terms

and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and

shall include domestic competitive bidding and international competitive bidding;

(16) 'Cut-off Date shall be the last day of the financial year closing after thirty six months from

the date of commercial operation of the project, except in case of integrated mine(s);

(17) 'Date of Commercial Operation' or 'COD' in respect of a thermal generating station or hydro

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