Section 17 in Joint Electricity Regulatory Commission (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2019
17. Return on Equity.
- 17.1 The value base for the equity shall be 30% of the capital cost or actual equity (in case of project specific tariff determination) as determined under Regulation 14.17.2The normative Return on Equity shall be:(a)14% for Renewable Energy Projects in Mainland areas;(b)16% for Renewable Energy Projects in Island areas;to be grossed up by prevailing Minimum Alternate Tax (MAT) rate as on 1st April of available year at the time of determination of tariff for the entire useful life of the project.
