Delivered Energy Payments for Base Load Plant Sample Clauses

Delivered Energy Payments for Base Load Plant. For 625 MW base load capacity, a maximum heat rate of 7605 (minimum efficiency of 44.9%) will be considered for the payments to DPC. The expected heat rate is lower as described in sec tion 2.3. After commissioning, heat rate will be tested (TestHR). The heat rate used for calculating fuel consumed, or deemed to have been consumed is called ContractHR and is estimated as follows: ContractHR = 7605-max [1.03x(3/4)x(GuaranteedHR-TestHR), 0] where, GuaranteedHR is the heat rate guaranteed by contrac tors to DPC (7243 Btu/kWh-gross). This implies that, DPC assures a maximum HR of 7605, but if the operating HR is lower, DPC will not pass the full benefit to MSEB. The 25% of the difference will b e passed on to DPC as bonus. In the normal operating situation (GuaranteedHR=TestHR), DPC will get a benefit equivalent to 144 Btu/kWh of base generation. At oil price of $4.63/Btu, this will be Rs. 0.0216/kWh. At 90% PLF, this is nearly $ 3.3 million per year (equivalent to return on equity of 1.24%). The GE turbines (frame 9FA), that are being used by the DPC, are said to have a 4% higher efficiency than the smaller turbines manufactured by BHEL (frame 9E). However, the savings achieved due to this higher efficiency are taken away by DPC without even acknowledging it as —bonus“.
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