Levelized Tariff definition

Levelized Tariff means the tariff calculated in accordance with the provisions of Clause

Levelized Tariff means the fixed tariff offered by the Bidder for 25 (Twenty Five) years from the date of commissioning of the Rooftop Solar Photovoltaic Power Project under the Scope of work as per this RfS;

Levelized Tariff means the tariff offered by the Bidder for 25 years for the Scope of work as per RFS document subject to the maximum levelized tariff of 25 years of as per clause 2

Examples of Levelized Tariff in a sentence

• Calculate the Levelized Tariff (LT) by using the 12% discount rate (d), 20 year term and NPV calculated above as the parameters in the function.

• The ranking of the Bidders shall be based on the calculated Levelized Tariff Charge (mentioned in the RFP) of the responsive Bidders.

• The Bidder with the lowest Levelized Tariff shall be declared as the Successful Bidder for the quantum of power (in MW) offered by such Bidder in its Financial Bid.

• B.1.2 Tariff Charge in US cents/kWh for any Contract Year other than the first Contract Year shall not exceed 110% of the Levelized Tariff Charge.

• The Bidder may add additional sheets if necessary.) B.1.1 Tariff Charge in US cents /kWh for the first Contract Year shall not exceed 111% of the Levelized Tariff Charge.

• The Bidders will be ranked in the ascending order of the tariffs from L1, L2, L3, L4, and so on for the tariffs quoted less than the Pre-fixed Levelized Tariff at the end of the E-Reverse Auction.

• In case the Aggregate Capacity offered by the Bidders at a specific 33/11 kV substation is less than or equal to the Notified Capacity of that specific 33/11 kV substation, then the Bidders will be listed as the (Successful Bidder)w/o E-RA with a PPA Tariff equal to the Pre-fixed Levelized Tariff.

• The Bidders not reducing their tariffs less than the Pre-fixed Levelized Tariff after the E-Reverse Auction will be ranked based on the following principle until the allocation of the Notified Capacity of the specific 33/11 kV substation, as the case may be.

• The Successful Bidders will be awarded the PPA Tariffs equal to the tariffs discovered at the end of the E-Reverse Auction or the Pre-fixed Levelized Tariff, as the case may be.

• Pursuant to ITB Clause1.5.6.3 b), the Pre-fixed Levelized Tariff will be the ceiling tariff at the start of the E-Reverse Auction process.

More Definitions of Levelized Tariff

Levelized Tariff or “LT” – means the single value of Tariff in Taka or US cents per kWh for each of the Contract Years over the Term of the PPA, which would have the same present value as the present value of the annual Tariff in the Proposal of a Bidder, as calculated in accordance with Section B, Article 7 and Annex A, Exhibit II.

Levelized Tariff is a means to recover the entire cost of a project during the project’s lifecycle. Any downward revision of the same will severely impact the revenues of the project and make it financially and economically unviable. Therefore, the Commission ought not to review the approach for the determination of the tariff mid-stream and adopt a parametric approach (as suggested by the DISCOM) after the completion of 10 years from the COD.