Tariff History

Feasibility Stage Tariff:

  • The Feasibility stage tariff for the Project was determined by NEPRA at US Cents 5.3050/kWh on 30 January 2014.

  • NEPRA arbitrarily reduced Project construction time from 6 years to 4 years and slashed period costs on a pro-rata basis; resulting in reduction, by NEPRA, in the requested levelized tariff of US Cents 7.2904/kWh.

  • The Project Company therefore considered it imperative to contest the NEPRA‚Äôs determination, and after a prolonged process, NEPRA in its review determination dated 16 October 2014 finally accepted the original 6-years construction period, thus removing a critical and fatal impediment in development and technical viability of the Project by determining a levelized tariff of US Cents 6.1894/kWh.

  • EPC Stage Tariff:

  • Based on the executed EPC Contract, indicative financing term sheets, proposals or quotations obtained and on reasonably fair estimates, the Project Company proposed a levelized tariff of US Cents 8.1032/kWh and filed its EPC stage tariff proposal to Central Power Purchasing Agency Guarantee Limited (CPPA-G) on 23 June 2017.

  • CPPA-G after securing its Board approval forwarded the EPC Stage Tariff application to NEPRA on 10 October 2017.

  • Pre-admission hearing at NEPRA was held on 07 November 2017 thereafter notice of admission was advertised for public hearing scheduled by NEPRA on 11 January 2018.

  • The EPC Stage Tariff was determined by NEPRA on 17 May 2018 at a Levelized Tariff of US Cents 7.1167/kWh (US Cents 7.3545/kWh including impact of Special Return on Equity).

  • The Company filed Motion of Leave for Review (MLR) on 28 May 2018 to address certain concerns in EPC Stage Tariff determination.

  • Following the tariff hearing on 19 July 2018, NEPRA determination was issued on 11 October 2018, giving a Levelized Tariff of US Cents 7.0653/kWh (US Cents 7.1248/kWh including impact of Special Return on Equity), the lowest levelized EPC Stage tariff amongst similar hydropower projects.

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