CERC reduces solar capital cost benchmark by 12% for FY 2016-17

BRIDGE TO INDIA | 28 March 2016

Central Electricity Regulatory Commission (CERC) passed a final order for determination of benchmark capital cost for solar PV projects for FY 2016-17 last week (refer). It has established the capital cost of solar PV projects including equipment, construction, land, transmission and pre-operative costs at INR 53 million/MW (USD 0.79 million). It is worth noting that the Commission had proposed a benchmark capital cost of INR 50.1 million/MW (USD 0.76 million)

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