About Us KIP is a registered company, incorporated in 2008 to provide quality work, consultation and advisory services in the field of Accounting, Auditing and Assurance, Taxation and regulatory, Company registration, LLP formation, Project reports and Business registrations to its clients. KIP is managed by a very strong team of qualified and experienced professionals comprised of Chartered Accountants, Management Graduates and Post-Graduates.
Dear Businessman/Investors,
In Series of KIP: Business and Subsidy Update, today we are going to share with you amendments in the clauses of “REVISION IN WASTE TO ENERGY GUIDELINES DATED 02.11.2022, 28.02.2020 AND 30.07.2018”
The guidelines of the waste to energy schemes issued on 02.11.2022, 28.02.2020 AND 30.07.2018 were introduced to promote for generation of bio gas/ bio CNG/ Power/ producer or syngas from urban, industrial and agricultural wastage/residue. To further simplify the process certain amendments are being introduced.
Performance testing of the plant would inter-alia imply the following:-
Waste to Energy Plants:
The condition of successful commissioning of the Waste to Energy plants would imply operation of the plants for at least 3 consecutive months, including continuous operation for at least 24 hours at an average of 80% of the rated capacity of the plant.
Phase – wise Release of CFA for Waste to energy projects:
50% of total CFA will be release after obtaining the Consent to operate certificate from State Pollution Control Board against the bank guarantee for the amount to be released. Balance CFA will be released after achieving (during continuous running of 24 hours) 80% of the rated capacity or maximum eligible capacity whichever is lesser.
In case, where developer fails to operate the plant minimum 80% of the rated capacity or maximum CFA eligible capacity whichever is lesser during performance inspection of the plant by the inspection agencies, the below-mentioned pro-rata based disbursement will be made on the percentage output achieved.
Average PLF achieved during minimum 3 consecutive months | % of eligible CFA |
> 80% CUF | 100% |
73% CUF | 91.25%* |
CUF <50% | 0% |
*NOTE 1: If 73% CUF – CFA would be made on pro-rata basis i.e. (100* 73)/80=91.25% of eligible CFA.
NOTE 2: No CFA will be given if the PLF is <50%.
NOTE 3: The second instalment for release of the eligible CFA will be calculated after deducting the first instalment of 50%.
The claim for CFA shall be made within 18 months from the date of commissioning or the date of IN-principle approval of CFA (whichever is lesser).
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