Hon’ble Uttarakhand Electricity Regulatory ommissionuerc.gov.in/ordersPetitions/Petitions/2015-16/UJVN Ltd... · · 2014-12-16Hon’ble Uttarakhand Electricity Regulatory

1

True-up of tariff for the FY 2013-14 and Annual Performance Review for FY 2014-15

By

UJVN Ltd.

Dehradun

November – 2014

Petition to

Hon’ble Uttarakhand Electricity Regulatory Commission

for

True Up of Tariff for FY2013-14

&

Annual Performance Review for FY 2014-15

for

Chilla Hydro Power Project

(4x36 MW)

2


AFFIDAVIT

BEFORE THE HON’BLE UTTARAKHAND ELECTRICITY REGULATORY COMMISSION,

DEHRADUN, UTTARAKHAND.

FILING NO. _______________

CASE NO. _______________

In the matter of: Filing of Petition for true up of tariff for the financial year

2013-14 and Annual Performance Review for 2014-15 for Chilla hydro power

station of UJVN Ltd. under Section 62 and 86 of the Electricity Act, 2003 read

with the relevant regulations and guidelines of the Commission

AND

In the matter of: UJVN Ltd., a Company incorporated under the provisions of the

Companies Act, 1956 and having its registered office at UJJWAL, Maharani Bagh,

GMS Road, Dehra Dun – Petitioner.

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1. Specific Legal Provisions under which the Petition is being filed

1.1 UJVN Ltd. under Section 62 and 86 of the Electricity Act, 2003 read with

i. Regulation 4(1) of the Uttarakhand Electricity Regulatory Commission

(Terms and Conditions for Determination of Hydro Generation Tariff)

Regulations, 2004; and

ii. Regulation 1(3), 11(1) and 13 of the Uttarakhand Electricity Regulatory

Commission (Terms and Conditions for Determination of Tariff)

Regulations, 2011

is filing this Petition before the Hon’ble Commission for approval of true up of

tariff for the financial year 2013-14 and Annual Performance Review for the

financial year 2014-15.

2. Limitation

2.1 Since an application for tariff determination by any generating company has to

be filed before the Hon’ble Commission before 30th November of every year

therefore, the present petition is not barred by limitation under Regulation

56(4) of Uttarakhand Electricity Regulatory Commission Conduct of Business

Regulation 2004

3. Facts of the case

3.1. The Petitioner, UJVN Ltd., is a company incorporated under the provisions of the

Companies Act, 1956, having its registered office at UJJWAL, Maharani Bagh,

GMS Road, Dehradun;

3.2. It is humbly submitted that the Government of India (GoI) vide order dated

05.11.2001 transferred all hydropower assets of Uttar Pradesh Jal Vidyut Nigam

Limited (UPJVNL) located in the State of Uttarakhand to UJVNL with effect from

09.11.2001. In compliance to the aforementioned order of GOI, the

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administrative and financial control of all hydro power generation plants of

UPJVNL in operation or under construction was taken over by UJVNL with effect

from 09.11.2001. GOI order also set out the basis of division of assets and

liabilities between UPJVNL and UJVNL and is self-explanatory.

3.3. Even though the administrative and financial control of all the generating

stations was transferred to UJVNL on 09.11.01, the Corporation still had to

initiate discussions with UPJVNL for formulation of the transfer scheme as per

the earlier mentioned order dated 05.11.01 of the GoI on mutually agreed terms.

3.4. Government of Uttrakhand (GoU), notified the provisional transfer scheme vide

its notification no. 70/AS (E)/I/2008-04 (3)/22/08 dated 07/03/08.

3.5. The Hon’ble Uttarakhand Electricity Regulatory Commission issued the tariff

regulations for determination of tariff in the State of Uttarakhand viz

Uttarakhand Electricity Regulatory Commission (Terms and Conditions for

Determination of Tariff) Regulations, 2011 (hereinafter referred to as the

“Regulations, 2011”) on 19th December 2011.

3.6. Following the provision of Regulation 13 of the Tariff Regulation of 2011, the

Petitioner is filing the instant Petition for Annual Performance Review of the

generating station of Chilla for the financial year 2014-15.

It is submitted that in development of these petitions, UJVNL has been guided by

principles provided under the Tariff Orders of the Hon’ble Commission dated

10.04.14, 06.05.2013 & 03.09.13 and earlier tariff orders to the extent the same

are acceptable to the Petitioner.

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TABLE OF CONTENTS

1. Specific Legal Provisions under which the Petition is being filed _______ 3

2. Limitation __________________________________________________ 3

3. Facts of the case _____________________________________________ 3

Chapter 1. Truing up of tariff and Annual Fixed Charges for the FY 2013-14 and

Annual Performance Review for the FY 2014-15 ___________________ 8

1.1 Norms of Operation __________________________________________ 8

1.2 Capital Cost _________________________________________________ 9

1.3 Additional Capitalisation _____________________________________ 10

1.4 Return on Equity ____________________________________________ 11

1.5 Income Tax ________________________________________________ 12

1.6 Depreciation _______________________________________________ 12

1.7 Interest on Loan Capital ______________________________________ 14

1.8 O&M Expenses _____________________________________________ 16

1.9 Interest on Working Capital ___________________________________ 18

1.10 Non-Tariff Income __________________________________________ 19

1.11 Annual Fixed Charges________________________________________ 20

1.12 Design Energy ______________________________________________ 20

1.13 Summary of True up of tariff for the FY 2013-14 _________________ 20

Chapter 2. Status of Directives in Tariff Order Dated 5th May, 2013 ____________ 22

2.1 Action Taken by UJVNL on the Directives _______________________ 22

2.2 This petition includes the following documents: ___________________ 22

4. Cause of Action_____________________________________________ 27

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5. Ground of Relief ____________________________________________ 27

6. Detail of Remedies Exhausted _________________________________ 27

7. Matter Not Previously Filed or Pending With any Court _____________ 27

8. Relief Sought ______________________________________________ 27

9. Interim Order, in any, prayed for _______________________________ 28

10. Details of Index _____________________________________________ 29

11. Particulars of Fee Remitted ____________________________________ 29

12. List Of Enclosures___________________________________________ 30

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LIST OF ANNEXURES

i Annexure 1 : Copy of Annual Report on Technical Performance of Chilla HEP.

ii Annexure 2 : Copy of details of additional capitalization for FY 2013-14, FY 2014-

15 & FY 2015-16.

Iii Annexure 3 : Copy of audited Balance sheet for FY 2013-14 along with provisional

segregated Annual Accounts for SHP & LHP for the FY 2013-14.

iv Annexure 4 : Copy of allocation sheet of additional capitalization for the FY 2013-

14.

v Annexure 5 : Copy of working sheet of depreciation on additional capitalization.

vi Annexure 6 : Copy of working sheet of calculation of interest rate along with

details of APDP Loans.

vii Annexure 7 : Copy of allocation sheet of O & M expenditure along with details of

R & M expenses for the FY 2013-14, details of insurance expenses

for the FY 2013-14 including apportionment & details of colony

consumption for FY 2013-14.

viii Annexure 8 : Copy of allocation sheet of Non- Tariff Income for the FY 2013-14

ix Annexure 9 : Copy of Trial Balances from 01.04.2014 to 30.09.14

x Annexure 10 : Copy of abstract agenda item of 31st meeting of BoD.

xi Annexure 11 : Copy of GoU letter dated 28.03.13.

xii Annexure 12 : Copy of DPR for RMU of Chilla HEP.

xiii Annexure 13 : Copy of abstract of 69th meeting of BoD.

Chilla HEP November 2014 Page 8


Chapter 1. Truing up of tariff and Annual Fixed Charges for the FY 2013-14 and Annual Performance Review for the FY 2014-15

It is respectfully submitted that based on provisions of the Uttarakhand

Electricity Regulatory Commission (Terms and Conditions for Determination of

Tariff) Regulations, 2011, Petitioner is filing the instant petition for Truing up of

tariff and AFC for the FY 2013-14 and Annual Performance Review for the FY

2014-15.

1.1 Norms of Operation

The norms specified by the Hon’ble Commission as applicable for the Chilla

power station are as follows:

(i) Normative Plant Availability Factor (NAPAF):

Based on the norms for run of the river stations, the NAPAF for the station has

been considered at 74% for the FY 2013-14 and FY 2014-15 respectively in the

Order dated 03/09/2013 passed by this Hon’ble Commission.

It is respectfully submitted that PAFM for the FY 2013-14 achieved by plant was

70.5 % due to increased number of flushing at Pashulok Barrage due to

unprecedented flood in June-2013.

Long time has also been taken in repair of machine no.-4 due to unprecedented

damages (One runner blade found broken and 60% part was washed away) in

under water parts caused by silt due to floods in June, 2013. Therefore, it is

respectfully submitted that the NAPAF of 70.5% for FY 2013-14 may kindly be

approved.

It is further respectfully submitted that NAPAF for the FY 2014-15 and FY 2015-16

are also not achievable due to reasons mentioned in the Annual Report on

Technical Performance for Chilla HEP (placed at Annexure -1). Therefore, the

NAPAF for FY 2014-15 and FY 2015-16 may kindly be approved as 69.85 % and

71.86% respectively, the calculation and justification of the same is given in

Annexure 1.



(ii) Auxiliary Energy Consumption including Transformation Losses:

The Petitioner has claimed transformation losses and auxiliary consumption as

detailed in Table 1 below at the normative levels specified by the Hon’ble

Commission through the regulations and in its earlier tariff order.

It is respectfully submitted that in accordance to the abovementioned claim,

Auxiliary Consumption and Transformation Losses have been computed as per

the norms prescribed under Regulation 51(2) of Regulation of 2011 and

enumerated below:

Table 1: Auxiliary Consumption and Transformation Losses

Station Particulars Norm Quantum (MU)

Type of Station

a) Surface Yes

b) Underground No

Type of excitation

a) Rotating exciters on generator

No

b) Static excitation Yes

Auxiliary Consumption including Transformation losses (As % of Total Generation)

1.00%

6.71

The copy of Annual Report on Technical Performance of Chilla HEP is annexed

here and marked as Annexure -1

1.2 Capital Cost

It is respectfully submitted that pending the finalisation of transfer scheme, the

petitioner accepts the value of opening GFA transferred to UJVN Limited for its

Chilla HEP, which has been determined as Rs 124.89 Crore by this Hon’ble

Commission vide its earlier tariff order.



1.3 Additional Capitalisation

It is respectfully submitted that this Hon’ble Commission was pleased to consider

only the actual capital cost incurred / accrued in its earlier tariff orders. The

revised projections of the additional capitalisation for the current year and for

ensuing year are as detailed below:

Table 2: Additional Capitalisation for FY 2013-14 and FY 2014-15

Rs. Crore

ParticularsFY 2013-14

(actual)

FY 2014-15

(RE)

FY 2015-16

(projected)

Additional Capitalisation 0.11 0.00 11.07

Justification for additional Capitalisation:

The details of the additional capitalization for FY 2013-14, FY 2014-15 & FY 2015-

16 along with the justification appended thereto is annexed here and marked as

Annexure 2.

Details of additional capitalisation for the FY 2013-14 are based on Audited

Annual Accounts for the FY 2013-14 of the Corporation. A copy of the Audited

Annual Accounts for the FY 2013-14 is annexed here and marked as Annexure -3.

Further, it is submitted that the accounts are maintained centrally for the various

HEPs. In certain instances one - to - one correlation of the accounting divisions is

possible with individual stations. However, for others, some form of

apportionment is necessary for allocating certain expenses that are incurred by

accounting units that serves more than one station.

The additional capital expenses incurred by such accounting divisions serving

more than one station have been allocated as detailed below:-

Head Office/ CSPPO: The additional capitals expenses have been allocated

to each LHP on the basis of installed capacity.



General Manager Office/ DGM Civil Division: allocated on LHPs within the

control of the concerned GM/ DGM which further has been allocated to

each LHP on the basis of the installed capacity.

A copy of the allocation sheet of additional capitalization for the FY 2013-14 is

annexed here and marked as Annexure-4.

It is pertinent to note here that in order to ensure efficiency, safety and

continuous operation of the plants, the additional capitalization was required to

be incurred. It is also to be noted that the additional capital expenditure incurred

thereto was in accordance to Regulation 24 (2) of the UERC (Terms and

Conditions of determination of Tariff) Regulations, 2011.

Therefore it is respectfully prayed that the Additional Capitalisation as proposed

in the above table may kindly allowed by the Hon’ble Commission.

1.4 Return on Equity

It is respectfully submitted that the return on equity computed by UJVNL for its

Chilla generation station is in accordance to Regulation 27(2) of Regulations of

2011. Regulation 27(2) is reproduced as under:

“Return on equity shall be computed on at the rate of 15.5% for

Generating Stations, Transmission Licensee and SLDC and at the rate of

16% for Distribution Licensee on a post-tax basis.”

The actual Return on Equity for FY 2013-14 based on audited accounts and

revised estimate for FY 2014-15and FY 2015-16 is given below:

Table 3: Calculation of RoE

Rs. Crore


(actual)

FY 2014-15

(RE)

FY 2015-16

(projected)

Equity 41.77 41.80 41.80

Rate of return 15.50% 15.50% 15.50%

Return on Equity 6.47 6.48 6.48



It is further respectfully submitted that petitioner has computed return on equity

on opening equity for each financial year as considered by the Hon’ble

commission in its earlier tariff orders.

It is respectfully prayed that the Hon’ble Commission may kindly consider and

allow the Return on Equity as proposed in the above table.

1.5 Income Tax

It is respectfully submitted that in clause 6.2.2.5 of Tariff order dated 6.5.13, the

Hon’ble Commission has directed as under:

“Income Tax liability, if any, devolving on the Petitioner is allowed to be

recovered from the beneficiaries on actual basis. The same mechanism

existed in Tariff Regulations, 2004 and is not a new provision because of

which the Petition contemplates that recovery of the same from the

beneficiaries would create problem. Hence, as Regulation 27 (2) of UERC

Tariff Regulations, 2011 clearly specifies that the Return on equity shall be

computed at the rate of 15.5% on a post-tax basis and the provisions of

UERC Tariff Regulations, 2011 also allows income tax as a reimbursement

to the generating company on actual basis, the Commission finds no

material reasons to deviate from the provisions of UERC Tariff

Regulations, 2011 and for the purpose of Tariff Determination for first

Control Period has computed the Return on Equity at the rate of 15.50%.”

In view of above, it is respectfully submitted that income tax on actual basis

may kindly be allowed to be recovered from the beneficiaries.

1.6 Depreciation

It is respectfully submitted that relevant provisions pertaining to depreciation

under Regulation 29 of Regulation 2011 are reproduced as under

29(1) – “The value base for the purpose of depreciation shall be the

capital cost of the asset admitted by the Commission.”

29(2) “The salvage value of the asset shall be considered as 10% and

depreciation shall be allowed up to maximum of 90% of the capital cost of

the asset.”



29(5) “Depreciation shall be calculated annually based on Straight Line

Method and at rates specified in Appendix - II to these Regulations.

Provided that, the remaining depreciable value as on 31st March of the

year closing after a period of 12 years from date of commercial operation

shall be spread over the balance useful life of the assets.”

29(6) In case of the existing projects, the balance depreciable value as on

1.4.2013 shall be worked out by deducting the cumulative depreciation as

admitted by the Commission up to 31.3.2013 from the gross depreciable

value of the assets. The difference between the cumulative depreciation

recovered and the depreciation so arrived at by applying the depreciation

rates as specified in these Regulations corresponding to 12 years shall be

spread over the remaining period up to 12 years. The remaining

depreciable value as on 31st March of the year closing after a period of 12

years from date of commercial operation shall be spread over the balance

life.”

In accordance to the above provisions and the rates provided under Appendix II

of Regulation of 2011, the following depreciation has been calculated. The rates

considered are as given in the table below:

Table 4: Rates of Depreciation as per Appendix II of UERC Tariff Regulations, 2011

ParticularsRate of

Depreciation

Land 0.00%

Building 3.34%

Major Civil Works 5.28%

Plant & Machinery 5.28%

Vehicles 9.50%

Furniture and Fixtures 6.33%

Office Equipment & Others 6.33%

In accordance to the tariff order dated 10th April 2014, whereby the Hon’ble

Commission directed the Petitioner to “to claim depreciation on additional

capitalisation from the next Tariff filing in accordance with the rates specified

under the Regulations for different class of assets instead of claiming it at 2.66%”,

Petitioner has considered GFA and actual Additional Capitalisation to arrive at



GFA as on 1st April 2013 and revised estimates for FY 2014-15 and FY 2015-16 on

the basis of rates specified for computation under Regulation of 2011.

Table 5: Depreciation

Rs. Crore

YearOpening

Balance

Additional

Capitalisation Depreciation

2013-14 139.23 0.11 6.72

2014-15 139.34 - 6.72

2015-16 139.34 11.07 1.15

1.6.1 In order to calculate depreciation for FY 2014-15 and FY 2015-16, Petitioner has

considered proposed Additional Capitalisation for the particular year.

1.6.2 It is further respectfully submitted that petitioner has also considered the

depreciation on opening balance of the each financial year as per earlier tariff

orders of this Hon’ble Commission.

1.6.3 A copy of detailed working sheet of deprecation on additional capitalization is


Therefore it is submitted that the above stated depreciation has been

computed strictly in accordance to the provisions of Regulations of 2011 and

the Hon’ble Commission may kindly consider and allow the same.

1.7 Interest on Loan Capital

It is submitted that as per Regulation clause 22 of the Regulations 2011, interest

has been considered on APDP loan (Actual Loan) and normative debt equivalent

to 70% of additional capitalisation.

The interest on actual loan has been calculated as under:



Table 6: Interest on Actual Loan

Rs. Crore


(actual)

FY 2014-15

(RE)

FY 2015-16

(projected)

Opening Balance 1.54 1.41 1.27

Addition - - -

Repayment 0.14 0.14 0.14

Closing Balance 1.41 1.27 1.13

Average Loan 1.48 1.34 1.20

Interest on actual Loan 0.17 0.16 0.14

Rate of Interest for normative loan is assumed to be same as weighted average

rate of FY 2013-14. A copy of detailed working sheet of calculation of interest

rate along with details of APDP Loans is annexed here and marked as Annexure-

6.

In accordance to Regulation 28 (3) of the Regulations, 2011, the repayment of

interest and finance charges on loan capital and on security deposit for each year

of the control period has been claimed equal to the depreciation claimed as per

Regulation 29 of Tariff Regulation, 2011 for the same year.

Accordingly, the interest on normative debt has been calculated as under:-

Table7: Interest on Normative Loan

Rs. Crore


(actual)

FY 2014-15

(RE)

FY 2015-16

(projected)

Opening Balance 5.69 4.56 3.34

Addition 0.08 - 7.75

Repayment 1.21 1.21 1.01

Closing Balance 4.56 3.34 10.08

Average Loan 5.13 3.95 6.71

Rate of Interest 12.21% 12.21% 12.21%

Interest on Normative Loan 0.63 0.48 0.82



Therefore, the Hon’ble Commission may kindly consider and allow the above

stated interest on normative loan and interest on APDP loan as detailed in form

9.2.

1.8 Operation and Maintenance (O&M) expenses

In accordance to the Regulation 52(1) of Regulations 2011, Operation and

Maintenance (O&M) expenses for any Hydro Generating Station, which is the

case of the Petitioner, shall comprise of the following factors:-

salaries, wages, pension contribution and other employee costs

(Employee Expense);

administrative and general expenses including insurance charges if any

(A&G Expense);

repairs and maintenance expenses (R&M Expense);

The O&M Expense for FY 2015-16 are projected in accordance to the Regulation

52 (2) of the Regulations, 2011. FY 2013-14 is considered as the base year for

projection of O&M expenses accordingly.

K is the constant as determined by the Hon’ble Commission in the Tariff Order

dated 10th April, 2014 at 5.46% for Chilla HEP.

CPI Inflation and WPI Inflation have been considered as the average increase in

the Consumer Price Index (CPI) and Whole Sale Price Index (WPI) respectively for

FY 2011-12, FY 2012-13 and FY 2013-14 and have been detailed below:

Table 8: CPI, WPI Inflation

CPI Inflation WpI Inflation

FY 2011-12 8.39% 8.94%

FY 2012-13 10.44% 7.35%

FY 2013-14 9.68% 5.98%

Average Inflation 9.50% 7.42%

For calculation of the Growth factor (Gn) for the nth year the Value of Gn is

considered to be same as has been determined by this Hon’ble Commission in its



MYT Tariff Order dated 6th May, 2013. Accordingly the Growth Factor is detailed

below:

Table 9: Growth Factor

FY 2013-14 FY 2014-15 FY 2015-16

Growth Factor 0.63% 0.00% 0.00%

The total actual O&M Expenses for the FY 2013-14 and projected for FY 2014-15

and FY 2015-16 are detailed below:

Table 10: O&M Expenses

Rs. Crore


(actual)

FY 2014-15

(RE)

FY 2015-16

(projected)

Employee Cost 23.98 26.26 28.75

R&M Cost 9.85 8.78 9.43

A&G Cost 3.22 3.46 3.72

Colony Supply and consessional supply 0.13 0.13 0.13

Total O&M Expenses 37.18 38.63 42.03

Allocation of the O & M Expenses of such accounting divisions which are serving

more than one station have been allocated as detailed below:

DDD Dakpathar: O & M expenses incurred by DDD Dakpathar have been

allocated on the basis of installed (MW) capacity of Yamuna valley LHPs,

namely, Chibro, Khodri, Kulhal, Dhalipur and Dhakrani LHPs

DGM civil Dhalipur: O & M expenses incurred by DGM (Civil) Dhalipur

have been allocated to all LHPs on the basis of amount of work executed

for respective LHPs.

PCM (GV): O & M expenses incurred by PCM Ganga Valley have been

allocated to Khatima LHP, Ramganga LHP, Chilla LHP and Pathri Division

Haridwar SHP on the basis of employee expenses incurred in respective

power station.



Aforesaid apportioned expenses of divisions serving more than one power

stations have been added to the direct expenses of the respective power station.

Further the corporate expenses of Head Office and CSPPO have been

apportioned on the basis of employee cost of respective power stations and

Insurance expenses have been allocated to different power stations in

accordance to the insurance cover of the respective power stations.

A copy of such allocation sheet of O & M expenditure along with details of R & M

expenses for the FY 2013-14, details of insurance expenses for the FY 2013-14

including apportionment & details of colony consumption for FY 2013-14 is


It is kindly requested that the Hon’ble Commission may kindly consider and

allow the aforesaid O & M expenses.

1.9 Interest on Working Capital

In accordance to the Regulation 34(1)(c) of Regulations 2011, which provides the

norms for the calculation of rate of interest on working capital for the Hydro

Generating Stations, the computation shall be on the basis of following factors:

“Rate of interest on working capital shall be on normative basis and shall

be equal to the State Bank Advance Rate (SBAR) of State Bank of India as

on the date on which the application for determination of tariff is made.”

Interest on Working Capital Shall Cover:

Operation and maintenance expenses for one month;

Maintenance spares @ 15% of operation and maintenance expenses; and

Receivables for sale of electricity equivalent to two months of the annual

fixed charges calculated on normative capacity index.

In accordance to the aforementioned regulation, the rate of Interest on Working

Capital, as on the date of application has been considered as 14.75% which is

equal to SBI PLR.



Table 11: Interest on Working Capital

Rs. Crore


(actual)

FY 2014-15

(RE)

FY 2015-16

(projected)

O & M expenses - 1 month 3.10 3.22 3.50

Spares (15% of O&M Expenses) 5.58 5.79 6.31

Recievables- 2 months 8.96 9.19 8.90

Total Working Capital 17.64 18.21 18.70

Normative Interest Rate( SBI PLR) (%) 14.75% 14.75% 14.75%

Normative Interest on Working Capital 2.60 2.69 2.76

Therefore it is submitted that the Hon’ble Commission may kindly consider and

allow the rate of interest on the Working Capital as computed in accordance to

Regulation 34(1)(c) of Tariff Regulation, 2011.

1.10 Non-Tariff Income

In accordance to the Regulation 47 of Regulations 2011 the Non-Tariff Income for

any Generating Station is to be considered as:

“The amount of non-tariff income relating to the Generation Business as

approved by the Commission shall be deducted from the Annual Fixed

Charges in determining the Net Annual Fixed Charges of the Generation

Company.

Provided that the Generation Company shall submit full details of its

forecast of non tariff income to the Commission in such form as may be

stipulated by the Commission from time to time.”

The Non-Tariff income for the FY 2013-14 as claimed for True up of tariff is

based on Audited Accounts.

The Non-Tariff income for the Revised Estimates for FY 2014-15 and FY 2015-16

for Chilla power plant is in accordance to the Hon’ble Commission’s order dated

10.04.2014.

Non Tariff income for the FY 2013-14 has been apportioned on each power

station on the basis of installed (MW) capacity of the respective power station.

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A copy of allocation sheet of Non-Tariff income for the FY 2013-14 is annexed

here and marked as Annexure-8.

1.11 Annual Fixed Charges

The Annual Fixed Charges (AFC) for FY 2013-14 considered for True up of tariff

based on Audited Accounts and the Revised Estimates of AFC for the FY 2014-15

and FY 2015-16 for Chilla power plant is detailed below:

Table 12: Annual Fixed Charges

Rs. Crore


(actual)

FY 2014-15

(RE)

FY 2015-16

(projected)

Interest on Loan 0.79 0.64 0.96

Depreciation 6.72 6.72 1.15

ROE 6.47 6.48 6.48

O&M Expenses 37.18 38.63 42.03

Interest on Working Capital 2.60 2.69 2.76

Gross AFC 53.77 55.15 53.38

Less Non tariff Income 2.24 1.21 1.21

Total AFC 51.53 53.94 52.17

Therefore it is respectfully submitted that the Hon’ble Commission may kindly

be consider and allow the aforesaid Annual Fixed Charges which has been

computed strictly in accordance to the Tariff Regulation of 2011.

1.12 Design Energy

It is respectfully submitted that the Hon’ble Commission was pleased to

determine the design energy and saleable energy of 671.29 MU and 664.57 MU

respectively for Chilla P/H in its earlier order. Complying with the

aforementioned order the Petitioner has followed the design energy as directed

by the Hon’ble Commission.

1.13 Summary of True up of tariff for the FY 2013-14

As per the clause 13 (d) of Regulations, 2011, the Gain and Loss due to

Controllable / Uncontrollable factors as account of True up of tariff for FY 2013-



14 is detailed below and the resulting Gap / Surplus is passed on as an

adjustment in the AFC for the FY 2015-16.

Table 13: True up Summary for FY 2013-14

Previous Year (n-1) 2013-14

(Rs. Crore)

S. No. Particulars Approved Actual Deviation ControllableUncontrollabl

e

A. Net Annual Fixed Charges

1 Interest on Loan (Including Interest on Normative Loans) 1.14 0.79 0.35 0.35

2 Depreciation 7.59 6.72 0.87 0.87

3 Lease Charge - -

4 Return on Equity 7.17 6.47 0.70 0.70

5 O&M Expenses 27.36 37.18 (9.82) (9.82)

6 Interest on Working Capital 1.99 2.60 (0.61) (0.61)

7 Income Tax

8 Gross Annual Fixed Charges (1+2+3+4+5+6+7) 45.25 53.77 (8.52) (8.52)

9 Less; Other Income 1.21 2.24 (1.03) (1.03)

10 Net Annual Fixed Charges (8-9) 44.04 51.53 (7.49) (7.49)

C Surplus/(Gap) (7.49) (7.49)

For determination of AFC for FY 2013-14, the Hon’ble Commission has

considered the value of year wise actual additional Capitalisation till FY 2012-13

in its Tariff Order dated 10th April, 2014. Hence the deviation in Return on Equity,

Interest on Loan and Depreciation is categorised as uncontrollable expenses.

For estimating the O&M Expenses for FY 2014-15 and FY 2015-16, the Hon’ble

Commission has considered actual expenses for FY 2013-14 by considering

escalation factor in its Tariff Order dated 10th April, 2014. Hence the O&M

expenses is categorised as uncontrollable expenses.

Table 14: Surplus/(Gap) to be passed on to the FY 2015-16

Approved ARR

for 2013-14

Actual AFC for

FY 2013-14Gain/(loss)

44.04 51.53 (7.49)



Chapter 2. Status of Directives in Tariff Order Dated 10th April, 2014

2.1 Action Taken by UJVNL on the Directives

It is respectfully submitted that the Petitioner has taken following action on the

directives issued by Hon’ble Commission in the Tariff Order dated 10th April,

2014:

S.

No.

Directives Form of

Submission

Timelines Action Taken by UJVN

Ltd

1 Performance Improvement Measures

(5.1.1): “The Commission in view of the above

directs the Petitioner to submit the said

report by May 31, 2014”.

Report By May 31,

2014

Report submitted vide

letter no. 295 dtd 31.5.14

2. Depreciation (5.2.1):

“The Commission directs the Petitioner to,

hereafter, claim depreciation on additional

capitalisation from the next Tariff filing in

accordance with the rates specified under

the Regulations for different class of assets

instead of claiming it at 2.66%” Present

Petition NA

The petitioner has

complied with the

direction and considered

only actual Additional Capitalisation to arrive at GFA as on 1st April 2013 and revised estimates for FY 2014-15 and FY 2015-16 on the basis of rates specified for computation under Tariff Regulation of 2011

3 Return on Equity and Transfer Scheme

(5.2.2):

“The Commission directs UJVN Ltd. that

till the time transfer scheme is finalized it

should submit the quarterly progress report

to the Commission”.

Report

Quarterly

Progress

Report

Quarterly Progress Report

submitted vide letter no.

455 dtd 27.8.14

4 Utilisation of Expenses approved by the

Commission (5.3.2):

“The Commission directs UJVN Ltd. to

submit annual budget for future financial

years by 30th of April of the respective

financial year”.

Annual

Budget

By 30th

April of

every

Financial

Year

Annual Budget for the

financial years 2014-15

was submitted vide letter

no. 278 dtd 25.04.14

5 Colony Consumption (5.3.3) : “The Commission directs the Petitioner to

submit the report on metering of its

colonies to the Commission by May 31,

2014”.

Status

Report

By May 31,

2014

Status submitted vide

letter no. 295 dtd 31.5.14

6 Cost of Consumption of the employees

of UJVN Ltd., residing outside the

colonies (5.3.4):

Compliance

Report Complied

Required information

already submitted on dated

05.07.2013.



S.

No.

Directives Form of

Submission


Ltd

“The Petitioner in response to above

directions submitted that it has submitted

the required details vide letter no.

3506/MD/UJVNL/UERC dated July 05,

2013”.

7 Income from electricity distribution to

Sundry Consumers (5.3.5):

“The Commission, in this regard, hereby

directs the Petitioner to hand over all of its

distribution business to UPCL within 6

months of this Order. The Commission

also directs UPCL to take charge of the

distribution business carried out by UJVN

Ltd., within 6 months of this order. The

Petitioner is further, directed to submit bi-

monthly status of the implementation of

the aforesaid action plan. It is, further,

clarified that in case the Petitioner fails to

comply with the above direction of the

Commission within the specified

timelines, it would attract action under

Section 142 of the Electricity Act, 2003”.

Compliance

Report

Within 6

months i.e.

by 7

November,

2014

Latest Updated Status


9308 dated 07.11.2014

8 Expert Committee Report on Capital

Cost of Maneri Bhali-II (5.4.1):

“The Petitioner in its response to the above

directions has submitted its reply and has

also replied to the subsequent queries

made in this regard, however, further

clarification and information has been

sought by the expert consultant and the

capital cost of the plant shall be finalised

once the expert consultant submits its final

report”.

Information/

Reply

As and

when

required

Information related to

Capital Cost of MB-II

HEP submitted vide letters

no. 387 dtd 21.7.14 & no.

402 dtd 30.7.14, 7359

dated 16.08.2014 & 9309

dated 07.11.2014.

9 GPF Trust and Interest on GPF Trust

(5.4.2):

“The Commission in this regard is of the

view and, accordingly, directs UJVN Ltd.

To follow this matter on a regular basis

and submit the quarterly progress report to

the Commission”.

Report

Quarterly

Progress

Report



455 dtd 27.8.14

10 Design Energy (5.5.1):

“The Commission directs the petitioner to

pursue the matter with appropriate

authorities to arrange the DPRs for each of

its hydro generating stations and submit

quarterly progress report to the

Commission”.

Status

Report

Quarterly

Progress

Report



455 dtd 27.8.14

11 Segregation of Accounts (5.5.2):

“The Petitioner submitted that the

segregation of accounts shall be done by

Compliance By March

31, 2014

The annual accounts for

the FY 2013-14 have been

finalised & statutory



S.

No.

Directives Form of

Submission


Ltd

March 31, 2014”. auditor’s report has been

received on dated

04.08.2014. In compliance

to the directives of

Hon’ble UERC the

consolidated balance sheet

& profit & loss account is

being bifurcated for LHPs

including MB-II HEP and

for SHPs.

Thus two separate

accounts as stated above

along with the

consolidated annual

accounts of UJVN Ltd.

For the FY 2013-14 shall

be filed with Hon’ble

UERC along with the

petition of APR for the FY

2014-15.

The same has been

intimated to Hon’ble

UERC vide letter no.

562/D(F)/UJVNL/U-

6/Comm. Dated

03.09.2014.

12 Return on Power Development Fund

(5.5.4):

“The Petitioner is directed to bring up the

above mentioned evidence within 6 month

of the date of Order”.

Evidences/

Compliance

Report

Within

6 months

i.e. by 7

November,

2014

Work in Progress

13 Viability/Status of RMU works (5.6):

“The Commission directs the Petitioner to

carry out the above study and submit the

report to the Commission within six

months from the date of this Order”.

Report

Within 6

months i.e.

by 7

November,

2014

Work in Progress

14 Status of upcoming projects (5.6.1) :

“The Commission directs the Petitioner to

submit quarterly progress report of status

of all its upcoming projects”.

Report

Quarterly

Progress

Report



455 dtd 27.8.14

2.2 Kind reference is also invited to clause 3.1.2.3 of tariff order dated 10.04.14

which is reproduce below:

“With regard to additional capitalisation for FY 2008-09 to FY 2010-11, the

Commission scrutinised the additional capitalisation details submitted by UJVN

Ltd. The Commission with regard to Chilla LHP asked UJVN Ltd. to submit the

justification and need for incurring cost towards the study carried out by M/s SNC



Lavlin in FY 2010-11 and cost incurred towards civil works of MB-I in FY 2010-11.

UJVN Ltd. in its response failed to submit any justification or benefit arising out of

the expenses incurred towards the study carried out by M/s SNC Lavlin. The

Commission has, therefore, not considered Rs. 15.69 Crore incurred towards the

same and has deducted the amount from additional capitalisation submitted for

FY 2010-11.”

In this regard justification and need of the capital expenditure incurred

towards the study carried out by CCC/M/s SNC Lavlin pertaining to Chilla is

given below:

The Govt. of Uttarakhand (GoU) and Canadian Commercial Corporation (CCC)

agreed to co-operate to upgrade the Chilla HEP under a protocol of Intent signed

on 04.07.2003. The protocol required preparing a proposal to GoU (or its

executing agency, the UJVN Limited) for services to execute a Project

Preparation Phase Contract which was to provide UJVN Limited with all the

information needed to initiate up-grading of Chilla HEP including a feasibility

study-Detailed Project Report, financing etc. For this purpose, CCC’s Executing

Engineer, SNC Lavalin Inc. conducted a visit in August 2003 and based on their

proposal, an agreement was signed in January 2004 between GoU and CCC to

provide the services necessary to carry out the Chilla Hydro Upgrading Project

(CHUP), utilizing financing through an existing line of credit established between

Export Development Canada (EDC) and the Power Finance Corporation of India

(PFC).

CCC had submitted the feasibility study-Detailed Project Report which

included hydrological studies, alternate solutions for upgrading including

identification, description, technical & economic assessment, E&M equipments,

Civil and hydraulic improvement, construction methodology and project schedule,

cost estimates and project economics. CCC had also carried out Environment

Impact Assessment of proposed RMU activities. The efficiency test was also

conducted on one Unit by acoustic method with equipments and personnel from

M/s Accusonic Technologies, USA. All these studies are precursor and firm

requirement for carrying out RMU activities of any project.

The objective of the study was to determine what plant equipment

modifications and/or replacements are necessary to rehabilitate and upgrade the

power station to ensure dependable future generation and increase the station

output to the highest economic level. The payment to CCC & SNC Lavalin Inc.,



the Executing Engineer of CCC has been made against the above said

agreement between GoU & CCC for preparation of detailed project report,

various tests performed, environmental impact assessment report etc. required

for up-gradation of 4x36 MW Chilla HEP including capacity enhancement.

Option 2 (b) of the DPR, (i.e. new propeller turbine and Refurbished Generator)

which already covered the requirement of additional Unit, was approved by the

Board of UJVN Limited in its 31st meeting held on 23rd June 2006 (Copy of

relevant agenda item enclosed: Annexure-10) and proposal was forwarded to

GoU for further taking up RMU. GoU decided not to follow the EDC line of credit

through CCC and it was cancelled by Energy Deptt., GoU vide letter No.

762/I(2)/2013-04(8)/37/2005 dated 28.03.2013. (Copy enclosed for ready

reference: Annexure: 11)

Thereafter, a committee was constituted in August, 2013 for revalidation of

aforesaid DPR for RMU of Chilla HEP at an estimated cost of Rs. 359.70 Crore

without IDC & Rs. 490.57 Crore with IDC which was essentially required in view

of the commissioning of Tehri Project in 2007 (Copy enclosed for ready

reference: Annexure: 12). The committee revalidated the data of DPR and the

same was approved by Board of UJVN Ltd. in its 69th meeting held on 26th Nov.

2013 (Copy of relevant agenda item 69.20 enclosed: Annexure-13).

In view of above it is respectfully submitted that additional capitalization of

Rs. 15.69 Cr. Incurred towards the study carried out by SNC Lavlin may

kindly be considered and accordingly impact on AFC and Tariff of

aforesaid additional capitalization of RS 15.69 Cr. for the FY 2010-11 may

kindly be allowed.

2.3 This petition includes the following documents:

i) Main Petition and Detailed tariff formats;

ii) Supporting documents and Annexure mentioned in the petition;

iii) Copy of Trial Balances from 01.04.2014 to 30.09.14

iv) Soft Copy of the petition.



4. Cause of Action

The cause of action for the present petition arises on the basis of compliance

under Regulation 13(2) of the UERC (Terms and Conditions for Determination of

Tariff) Regulations 2011 which stipulates that an application for the Annual

Performance Review has to be filed before the Hon’ble Commission on or before

30th

November of every year

5. Ground of Relief

Summary of True Up as detailed in Table 13 and specific elements detailed in the

earlier tables and the annexure appended to the instant petition squarely shows

the charges incurred by the Petitioner or to be incurred in the ensuing year. The

aforementioned details of the generating station have been summed up strictly in

accordance to the UERC (Terms and Conditions for Determination of Tariff)

Regulations 2011.

6. Detail of Remedies Exhausted

Not Applicable

7. Matter Not Previously Filed or Pending With any Court

The petitioner (s) further declares that it has not previously filed any petition or

writ petition or suit regarding the matter in respect of which this petition has

been made, before the Commission, or any other court or any other authority,

nor any such writ petition or suit is pending before any of them.

8. Relief Sought

In view of the facts mentioned above, the Petitioner respectfully prays that the

Hon’ble Commission may kindly grant reliefs as prayed herein:



1. That the orders of the Hon’ble Commission may adequately consider the

positions expounded in the present petition for Truing up of of Annual

Fixed Charges for the FY 2013-14 and estimation for FY 2014-15 & FY

2015-16. This Petition incorporates substantially improved information as

compared to the earlier tariff petition. However the Petitioner is making

continuous efforts to refine the information system further which has

started generating results. The same may be suitably considered for the

orders of the Hon’ble Commission.

2. Accept and approve financial information of the Petitioner for true up of

generation tariff for the FY 2013-14 and Annual Performance Review for

FY 2014-15 and FY 2015-16 prepared in accordance with Tariff

Regulations established by the Hon’ble Commission and directives of the

Hon’ble Commission contained in the earlier tariff orders.

3. Grant suitable opportunity to the Petitioner within a reasonable time

frame to file additional material information that may be subsequently

available;

4. Grant the waivers prayed with respect to such filing requirements as the

Petitioner is unable to comply with at this stage of filing;

5. Treat the filing as complete in view of substantial compliance and also the

specific humble requests for waivers with justification placed on record;

6. Condone any inadvertent omissions/ errors/ shortcomings and permit the

Petitioner to add/ change/ modify/ alter this filing and make further

submissions as may be required at a future date;

7. Consider and approve the Petitioner’s application including all requested

regulatory treatments in the filing;

8. Consider the submissions of Petitioner that could be at variance with the

orders and regulations of the Hon’ble Commission, but are nevertheless

fully justified from a practical viewpoint;

9. Pass such orders as the Hon’ble Commission may deem fit and proper

keeping in mind the facts and circumstances of the case.

9. Interim Order, in any, prayed for

Not Applicable



10. Details of Index

The list of enclosures is detailed below: -



15 & FY 2015-16.




14.














11. Particulars of Fee Remitted

The details of the fee remitted are as follows:

Bank Draft No

In favour of- Uttarakhand Electricity Regulatory Commission

Drawn at - PNB - Yamuna Colony

Dated -



12. List of Enclosures

Tariff Determination Forms & Supporting documents and Annexure mentioned in

the petition;



15 & FY 2015-16.




14.














UJVN Limited Dehradun

Dated: Petitioner

Format for Hydro

INDEX OF FORMATS

S. No. Format No. Description

1 Form: F-1.1 Computation of Per Unit Rate

2 Form: F-1.2 Summary of Revenue and Revenue Requirement

3 Form: F-2.1 Saleable Energy & PAF

4 Form: F-2.2 Information on Energy Generation (MU)

5 Form: F-2.3 Salient Features of Hydroelectric Project

6 Form: F- 3 Computation of Net Annual Fixed Charges

7 Form: F- 4 Statement of Gross Fixed Asset Base & Financing Plan

8 Form: F- 5.1 Statement of Asset wise Depreciation

9 Form: F- 5.2 Statement of Depreciation

10 Form: F- 6.1 Statement of Capital Expenditure

11 Form: F- 6.2 Statement of Capital Works-in-Progress

12 Form: F- 6.3 Statement of Capital Expenditure & Schedule of COD of New Projects

13 Form: F- 6.4 Break-up of Capital Expenditure for New Projects

14 Form: F- 6.5 Break-up of Capital cost for Hydro power generating station on COD (For New Stations)

15 Form: F- 6.6 Break-up of Construction / Supply / Service packages on COD (For New Stations)

16 Form: F- 6.7 Draw Down Schedule for Calculation of IDC & Financing Charges

17 Form: F- 7 Details of Capital Cost and Financing Structure

18 Form: F- 8 Details of Financial Packages

19 Form: F-9.1 Statement of Outstanding Loans

20 Form: F- 9.2 Calculation of Weighted Average Interest Rate of Interest on Actual Loans *

21 Form: F- 9.3 Calculation of Interest on Normative Loan

22 Form: F- 10 Details of Interest on Working Capital

23 Form: F- 11 Details of Operation & Maintenance Expenses

24 Form: F-11.1 Details of Repair & Maintenance Expenditure

25 Form: F-11.2 Details of Employee Expenses

26 Form: F- 11.3 Details of Administration & General Expenses

27 Form: F-12 Non Tariff Income

28 Form: F- 13 Summary of Truing Up

Format for HydroName of Generating Company UJVN Ltd.

Name of Generating Station Chilla HEP

Previous Year (n-1) Ensuing Year

(n+1)

2013-14 2015-16

(Actuals/Audited)Apr-Sep

(Actual)

Oct-Mar

(Estimated)

Total (April -

March) RE

1 Annual Fixed Cost Rs. Crore 51.53 53.94 52.17

2

Saleable Energy (Design Energy/Actual Energy

net of auxiliary consuption and home state share)MU 664.6 664.6 664.6

3 Per unit Rate of Saleable Energy Rs./unit 0.78 0.81 0.79

S. No. Item

Form: F-1.1

Computation of Per Unit Rate

Current Year (n)

Units 2014-15




(n+1)

2013-14 2015-16


(Actual)

Oct-Mar

(Estimated)

Total (April -

March) RE

A. Generation

1 Gross Generation (MU) 784.61 432.66 324.00 756.66 780.54

2 Aux Consumption and Tranformation Losses (%) 1.88% 1.70% 1.70% 1.70% 1.70%

3 Aux Consumption and Tranformation losses (MU) 14.72 7.36 5.51 12.86 13.27

4 Net Generation (MU) (1-3) 769.89 425.30 318.49 743.80 767.27

C. Expenditure

1 O&M expenses 37.18 38.63 42.03

a Employee Expenses 23.98 26.26 28.75

b Repair and Maintenance 9.85 8.78 9.43

c A&G Expense 3.22 3.46 3.72

d Colony Supply and consessional supply 0.13 0.13 0.13

2 Depreciation 6.72 6.72 1.15

3 Lease Charges

4 Interest on Loans 0.79 0.64 0.96

5 Interest on Working Capital 2.60 2.69 2.76

6 Other Income 2.24 1.21 1.21

Total Expenditure (1+2+3+4+5-6) 45.06 47.47 45.69

D. Return on Equity 6.47 6.48 6.48

E Revenue Requirement (C+D 51.53 53.94 52.17

Form: F-1.2

Summary of Revenue and Revenue Requirement

Current Year (n)

Note:

(Figures in Rs Crore)

2014-15

n= FY 2014-15

S. No. Item

Format for Hydro

Name of Generating Company UJVN Ltd.



(n+1)

2013-14 2015-16


(Actual)

Oct-Mar

(Estimated)

Total (April -

March) RE

1 Design Energy/Primary Energy Generation (MU) 671.29 671.29 671.29

2 Auxiliary Consumption and other losses

(a) In % of Energy Generated (%) 1.00% 1.00% 1.00%

(b) In MU (MU) 6.71 6.71 6.71

3 Energy Sent Out (1-2b) (MU) 664.58 664.58 664.58

4 Home State Share (%)

5 Saleable Energy {(3)x[1-(4)]} (MU) 664.58 664.58 664.58

6 Plant Availabillity Factor (%) 70.50% 74.87% 64.83% 69.85% 71.86%

Sl. No.

Current Year (n)

Form: F-2.1

Description Unit

Saleable Energy & PAF

2014-15

Format for Hydro

Name of Generating CompanyUJVN Ltd.

Name of Generating StationChilla HEP

Previous Year (n-1) Ensuing Year (n+1)

2013-14 2015-16

(Actuals/Audited) Apr-Sep (Actual) Oct-Mar (Estimated) RE

1 April 61.12 58.51 63.00

2 May 65.74 63.70 62.00

3 June 68.50 76.44 75.29

4 July 71.76 78.57 84.77

5 August 84.18 69.14 82.97

6 September 82.52 86.30 75.93

7 October 85.67 80.00 70.00

8 November 62.05 56.00 55.00

9 December 58.98 46.00 51.00

10 January 55.85 48.00 50.00

11 February 38.51 44.00 49.00

12 March 49.73 50.00 61.58

Total 784.61 432.66 324.00 780.54

Form: F-2.2

Current Year (n)

Sl.No. Month Design Energy

Information on Energy Generation (MU)

2014-15

Format for Hydro



Form: F-2.3

Name of the Power Station:Chilla

1. LocationState/Distt. Uttaranchal/ Pauri Garhwal

River Ganga

2. Diversion Tunnel NA

Size, shape

Length --

3. Dam Pashulok Barrage

Type Diversion Barrage

Maximum dam height

4. Spillway

Type NA

Crest level of spillway NA

5. Reservoir

Full Reservior Level (FRL) 337.0M R.L.

Minimum Draw Down Level (MDDL) Normal pond level-333.0M RL

Live storage (MCM) 5

6. Desilting Arrangement --

Type --

Number and Size Gate-3,3*3.15M, length at 0.2Km distance from barrage

Particle size to be removed(mm) More than 0.5mm size

7. Head Race Tunnel POWER CHANNEL

Size and type BEDWIDTH -12.5M,side slope-1.75:1

Length 14.1 K.Metre

Design discharge(Cumecs) 565

8. Surge Shaft NA

Type NA

Diameter NA

Height NA

9. Penstock/Pressure shafts Penstock-4nos.

Type Steel Lined

Diameter & Length 6M dia & 55M in length

10. Power House

Type Surface

Installed capacity (No of units x MW) 4x36

Peaking capacity during lean period (MW) NA

Type of turbine Kaplan

Rated Head(M) 32.5

Rated Discharge(Cumecs) 131/ Unit

11. Tail Race Tunnel

Diameter, shape Bed width-75M, Trapezoidal

Length 1.2Km

Minimum tail water level 294.00M R.L.

12. Switchyard U-type double bus-bar arrangement

Type of Switch gear Air Blast circuit breaker 132 KV

No. of generator bays 4

No. of Bus coupler bays 1

No. of line bays 3

(Petitioner)

Salient Features of Hydroelectric Project

Format for Hydro



Form: F- 3


(n+1)

2013-14 2015-16


(Actual)

Oct-Mar

(Estimated)

Total (April -

March) RE

1 Interest on Loan (Including Interest on Normative Loans) 0.7916 0.64 0.96

2 Depreciation 6.7208 6.7218 1.1483

3 Lease Charges

4 Return on Equity

(a) Rate of Return on Equity 15.50% 15.50% 15.50%

(b) Equity 41.7690 41.80 41.80

(c) Return on Equity (4a)*(4b) 6.4742 6.48 6.48

5 O&M Expenses 37.1838 38.6295 42.0334

5.1 Employee Costs 23.9774 26.2561 28.7513

5.2 Repair and Maint. Expenses 9.8516 8.7796 9.4314

5.3 Admin & Gen Costs 3.2202 3.4592 3.7161

Colony Supply and consessional supply 0.1346 0.1346 0.1346

6 Interest on Working Capital 2.6016 2.69 2.76

7 Gross Annual Fixed Charges (1+2+3+4(c)+5+6) 53.7721 55.15 53.38

8 Less; Other Income (provide details) 2.2372 - - 1.21 1.21

9 Net Annual Fixed Charges (7-8) 51.5349 53.94 52.17


Computation of Net Annual Fixed Charges

Current Year (n)

Sl.No. Year ending March2014-15

Format for Hydro



Form: F- 4

Final Approved Cost as on Commercial Operations Date

Capital Expenditure Date of commercial operation

Unit 1 17-07-1980

Unit 2 17-07-1980

Unit 3 17-11-1980

Unit 4 08-03-1981

Original Financing Plan (Unitwise)

Normative Debt 87.42

Debt 2 *

Debt 1 NA

Debt 2 * NA

In Rupees 37.47

In Foreign Currency

Gross Fixed AssetPrevious year (n-1) 2013-14

Particulars of Assets++ GFA (as on COD)additional capitalization at

the beginning of the year

Additions during the

year

Retirement of assets

during the year

Balance at the end of the

year

(1) (2) (3) (4a)* (5a)* (6)

a) Land 0.00 0.00 -

b) Building 0.45 0.01 -

c) Major Civil Works 0.00 0.00 -

d) Plant & Machinery 12.13 0.05 -

e) Vehicles 0.44 0.00 -

f) Furniture and Fixtures 0.47 0.04 -

g) Office Equipment & Other Items 0.86 0.02 -

Total 124.89 14.34 0.11 - 139.34

Current Year (n) 2014-15




year


year proposed to be

undertaken*


during the year already

undertaken


during the year

proposed to be

undertaken

Balance at the

end of the year

(1) (2) (3) (4a)* (4b)** (5a)* (5b)** (6)

a) Land 0.00 0.00 0.00 -

b) Building 0.46 0.00 0.00 - -

c) Major Civil Works 0.00 0.00 0.00 - -

d) Plant & Machinery 12.17 0.00 0.00 - -

e) Vehicles 0.45 0.00 0.00 - -

f) Furniture and Fixtures 0.50 0.00 0.00 - -

g) Office Equipment & Other Items 0.88 0.00 0.00 - -

Total 124.89 14.45 0.00 0.00 - - 139.34

Ensuing year (n +1) 2015-16




year proposed to be

undertaken*


during the year

proposed to be

undertaken

Balance at the end of the

year

(1) (2) (3) (4b)** (5b)** (6)

a) Land 0.00 0.00 -

b) Building 0.46 0.00 -

c) Major Civil Works 0.00 0.00 -

d) Plant & Machinery 12.17 11.07 -

e) Vehicles 0.45 0.00 -

f) Furniture and Fixtures 0.50 0.00 -

g) Office Equipment & Other Items 0.88 0.00 -

Total 124.89 14.45 11.07 - 150.41

Statement of Gross Fixed Asset Base & Financing Plan

124.89

Rupee Term Loan

Foreign Currency Loan

Equity



Break Up not available Break Up not available


Break Up not available Break Up not available

Break Up not availableBreak Up not

available

Format for Hydro



Form: F- 5.1

Previous year (n-1) 2013-14

Particulars of Assets+

Rate of

Depreciation for

GFA in %

Rate of

Depreciation for

Additional

Capitalization in

%

Accumulated

Depreciation on

GFA at the

begining of the

Year

Accumulated

Depreciation on

Additional

Capitalization at

the begining of

the Year

Accumulated

depreciation at

the beginning

of the year

Depreciation

provided for

GFA for the

Year

Depreciation

provided for

Additional

Capitalization

for the Year

Depreciation

provided for the

year

Withdrawls

during the year

Balance of

accumulated

depreciation at

the end of the

year

(1) (2) (3) 4(a) 4(b) (4) 5(a) 5(b) (5) (6) (7)

a) Land 0.00% 0.00 0.0000

b) Building 3.34% 0.0200

c) Major Civil Works 5.28% 0.0030

d) Plant & Machinery 5.28% 1.2091

e) Vehicles 9.50% 0.0070

f)Furniture and Fixtures 6.33% 0.0372

g) Office Equipment & Others 6.33% 0.0740

Total 101.66 2.80 104.46 5.37 1.35 6.72 0.00 111.18

Current Year (n) 2014-15 (Figures in Rs Crore)


Rate of

Depreciation for

GFA in %

Rate of

Depreciation for

Additional

Capitalization in

%

Accumulated

Depreciation on

GFA at the

begining of the

Year

Accumulated

Depreciation on

Additional

Capitalization at

the begining of

the Year

Accumulated

depreciation at

the beginning

of the year

Depreciation

provided for

GFA for the

Year

Depreciation

provided for

Additional

Capitalization

for the Year

Depreciation

provided for the

year

Withdrawls

during the year

Balance of

accumulated

depreciation at

the end of the

year

(1) (2) (3) 4(a) 4(b) (4) 5(a) 5(b) (5) (6) (7)

a) Land 0.00% 0.0000

b) Building 3.34% 0.0202



e) Vehicles 9.50% 0.0074



Total 107.03 4.15 111.18 5.37 1.351 6.72 0.00 117.90

Ensuing year (n +1) 2015-16


Rate of

Depreciation for

GFA in %

Rate of

Depreciation for

Additional

Capitalization in

%

Accumulated

Depreciation on

GFA at the

begining of the

Year

Accumulated

Depreciation on

Additional

Capitalization at

the begining of

the Year

Accumulated

depreciation at

the beginning

of the year

Depreciation

provided for

GFA for the

Year

Depreciation

provided for

Additional

Capitalization

for the Year

Depreciation

provided for the

year

Withdrawls

during the year

Balance of

accumulated

depreciation at

the end of the

year

(1) (2) (3) 4(a) 4(b) (4) 5(a) 5(b) (5) (6) (7)

a) Land 0.00% 0.0000

b) Building 3.34% 0.0198



e) Vehicles 9.50% 0.0074



Total 112.40 5.50 117.90 0.00 1.148 1.15 0.00 119.05

Remaining

Depriciation

Equally

distributed to

Remaining

Useful Life of

Power Station


Remaining

Depriciation

Equally

distributed to

Remaining

Useful Life of

Power Station

Remaining

Depriciation

Equally

distributed to

Remaining

Useful Life of

Power Station


Statement of Asset wise Depreciation

Format for Hydro



Form: F- 5.2


Financial YearUpto 2000-

012001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

2013-

142014-15 2015-16

Depreciation on Capital Cost

Depreciation on Additional Capitalisation

Amount of Additional Capitalisation

Depreciation Amount

Detail of FERV

Amount of FERV on which Depreciation is charged

Depreciation Amount

Depreciation recovered during the year

Advance against Depreciation recovered during the year

Depreciation and Advance against Depreciation recovered during

the year

Cummulative Depreciation and Advance against Depreciation

recovered upto the year

Statement of Depreciation

Format for Hydro



Form: F- 6.1

opening balance for n-1 year 139.23 (Figures in Rs Crore)


2013-14 2015-16


(Actual)

Oct-Mar

(Estimated)

Total (April -

March) RE

A) Expenditure Details

a) Land - - - - -

b) Building 0.01 - - - -

c) Major Civil Works - - - - -

d) Plant & Machinery 0.05 - - - 11.07

e) Vehicles 0.00 - - - -

f)Furniture and Fixtures 0.04 - - - -

g) Office Equipment &

Others 0.02 - - - -

Total (A) 124.89 0.11 - 11.07 139.34 139.34

B) Break up of sources of

financing

Rupee term Loan

Normative Debt 0.08 - 7.75 97.54 97.54

Debt 2

Foreign Currency Loan - - - - -

Debt 1 - - - - -

Total Debt 0.08 - 7.75 97.54 97.54

Equity

In Rupees 0.03 - 3.32 41.80 41.80

In Foreign Currency

c) Others (Please specify) - - - - -

Total (B) 0.11 - 11.07 139.34 139.34

Statement of Capital Expenditure

FY of CODParticulars

Total Expenditure

Approved by

Competent Authority

Total Expenditure

Actually IncurredRemarks++

Current Year (n)

Remarks+2014-15

Format for Hydro



Form: F- 6.2


2013-14 2015-16


(Actual)

Oct-Mar

(Estimated)

Total (April -

March) RE

1 Opening balance of CWIP

2 Add: New Investment

Capital Expenditure

Expenses Capitalised

Interest During Construction

3 Less: Investment Capitalised

4 Closing balance of CWIP

RemarksS. No.

Statement of Capital Works-in-Progress

Current Year (n)

Particulars 2014-15

Format for Hydro



Form: F- 6.3

Present Day Cost (As on

…….Date)

As approved by

Competent Authority

Cost Details Amount Exchange Rate Amount (Rs. Crore)

A) Basic Cost

Foreign Component (in Foreign Currency)

Domestic Component

Total Basic Cost a

B) IDC &FC

Foreign Component (in Foreign Currency)

Indian Component

Total IDC &FC b

C) Total Cost (Including IDC and FC) c=(a+b)

Schedule of Commissioning

COD of Unit-I

COD of Unit-II

-----------------

COD of Last Unit

Note:

i) Copy of Approval to be enclosed

Statement of Capital Expenditure & Schedule of COD of New Projects

Name of the Power Station:

Foreign Exchange Rate considered for capital cost estimates

Name of Agency approving the Project Cost Estimates

Date of Approval of Capital Cost Estimate

Capital Cost

Format for Hydro



Form: F- 6.4`


Previous Year (n-1)

2013-14

Expenditure Actually

Incured

Apr-Sep

(Actual)

Oct-Mar

(Estimated)

1 2 3 4 5 6 7 8 9 10 11 12

A) Expenditure Details

a) Land

b) Building

c) Major Civil Works

d) Plant & Machinery

e) Vehicles

f)Furniture and Fixtures

g) Office Equipment & Others

Total (A)

B) Break up of sources of financing

a) Loans/ Borrowings

b) Equity

c) Others (Please specify)

Total (B)

Note:

Name of Agency approving the Project Cost Estimates

Date of Approval of Capital Cost Estimate

Ensuing

Year

(n+2)

Ens

uin

g

Yea

r

(n+

3)

ii) Remark+: Explain for the reasons for difference between 6 and 7.

2014-15

Break-up of Capital Expenditure for New Projects

Current Year (n)

Ensuing

Year (n+1)

Total Expenditure

Approved by Competent

Authority

Remarks+Particulars

Total

Expenditure

Incurred upto

Current Year

Total Expenditure

supposed to be

incured till current

year, as per the

approved plan

Difference

between

column 6 and 7

Name of the Power Station:

Format for Hydro



Form: F- 6.5


Sl. No. Head of worksOriginal cost as approved

by Authority

Actual Cost

on COD

Additional

Capitalisation

till Cut-Off Date

Total

Completed

Capital Cost

VariationReasons for

variation

1 2 3 4 5 6 = 4+5 7 = 3 - 6 8

1.0 Infrastructure Works

1.1 Preliminary including Development

1.2 Land

1.3 Buildings

1.4 Township

1.5 Maintenance

1.6 Tools & Plants

1.7 Communication

1.8 Environment & Ecology

1.9 Losses on stock

1.10 Receipt & Recoveries

1.11 Total (Infrastructure works)

2.0 Major Civil Works

2.1 Dam, Intake & Desilting Chambers

2.2 HRT, TRT, Surge Shaft & Pressure shafts

2.3 Power Plant civil works

2.4 Other civil works (to be specified)

2.5 Total (Major Civil Works)

3.0 Hydro Mechanical equipments

4.0 Plant & Equipment

4.1 Initial spares of Plant & Equipment

4.2 Total (Plant & Equipment)

5.0 Taxes and Duties

5.1 Custom Duty

5.2 Other taxes & Duties

5.3 Total Taxes & Duties

6.0 Construction & Pre-commissioning expenses

6.1 Erection, testing & commissioning

6.2 Construction Insurance

6.3 Site supervision

6.4 Total (Const. & Pre-commissioning)

7.0 Overheads

7.1 Establishment

7.2 Design & Engineering

7.3 Audit & Accounts

7.4 Contingency

7.5 Rehabilitation & Resettlement

7.6 Total (Overheads)

8.0 Capital Cost without IDC & FC

9.0 Financing charges (FC)

10.0 Interest during construction (IDC)

11.0 Capital Cost with IDC & FC

Note:

1. In case of time and cost over-run of the project, a detailed write-up giving justification for such time and cost over run should be submitted, clearly bringing out the agency responsible

and whether such time and cost over run was beyond the control of the generating company

Break-up of Capital cost for Hydro power generating station on COD (For New Stations)

Format for Hydro



Form: F- 6.6

Sl.No.Name/No. of Construction /

Supply / Service Package

Scope of works (in line with

head of cost break-ups as

applicable)

Whether awarded

through ICB/DCB/

Depatmentally/ Deposit

Work

No. of bids

received

Date of

Award

Date of

Start of

work

Date of

Completion

of Work

Value of

Award1in

(Rs. Cr.)

Firm or

With

Escalation

in prices

Actual expenditure till

the completion or up

to COD whichever is

earlier(Rs.Cr.)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)

Break-up of Construction / Supply / Service packages on COD (For New Stations)

1 If there is any package, which need to be shown in Indian Rupee and foreign currency(ies), the same should be shown separatly alongwith the currency, the exchange rate and the date

Format for Hydro



Form: F- 6.7


Sl. No. Draw Down

Particulars

Quantum in

Foreign

Currency

Exchange

Rate on

Draw Down

Date

Amount in

Indian

Rupee

Quantum in

Foreign

Currency

Exchange

Rate on

Draw Down

Date

Amount in

Indian Rupee

Quantum in

Foreign

Currency

Exchange

Rate on

Draw Down

Date

Amount in

Indian

Rupee

1 Loans

1.1 Foreign Loans

1.1.1 Foreign Loan 1

Draw Down Amount

IDC

Financing Charges

FERV

Hedging Cost

1.1.2 Foreign Loan 1

Draw Down Amount

IDC

Financing Charges

FERV

Hedging Cost

1.1.n Foreign Loan n

Draw Down Amount

IDC

Financing Charges

FERV

Hedging Cost

1.1 Total Foreign Loans

Draw Down Amount

IDC

Financing Charges

FERV

Hedging Cost

1.2 Indian Loans

1.2.1 Indian Loan 1

Draw Down Amount

IDC

Financing Charges

1.2.2 Indian Loan 2

Draw Down Amount

IDC

Financing Charges

1.2.n Indian Loan n

Draw Down Amount

IDC

Financing Charges

1.2 Total Indian Loans

Draw Down Amount

IDC

Financing Charges

Total of Loans Drawn

IDC

Financing Charges

FERV

Hedging Cost

2 Equity

2.1 Foreign Equity Drawn

2.2 Indian Equity Drawn

Total Equity Deployed

Note:

Draw Down Schedule for Calculation of IDC &

1. Drawl of Debt and Equity shall be on pari passu basis quarter wise to meet the Commissioning schedule. Drawl of higher Equity in beginning is permissible.

2. Applicable Interest Rates including reset dates used for computation may be furnished separately.

3. In case of Multi Unit Project, details of Capitalisation ratio used to be furnished

Quarter 1 Quarter 2 Quarter n (COD)

Format for Hydro



Form: F- 7

Rs. Crores


2013-14 2015-16


(Actual)

Oct-Mar

(Estimated)

Total (April -

March) RE

Basic Project Financial Parameters

Capital Cost* 139.23 139.34 139.34

Addition during the year 0.11 0 11.069

Deletion during the year

Gross Capital Cost (A) 139.34 139.34 150.41

Equity against Original Project Cost 41.77 41.80 41.80

Addition during the year 0.03 0.00 3.32

Equity Sub-Total (B) 41.80 41.80 45.12

Debt outstanding against the original Capital cost 97.46 97.54 97.54

New Loans added during the year 0.08 0.00 7.75

Debt Sub-Total (C) 97.54 97.54 105.29

Grants against original project cost

Addition during the year

Grants Sub-Total (D)

Total Financing (B+C+D) 139.34 139.34 150.41

Note :

i) *Approved or Actual Capital Cost whichever is less.

ii) The equity and loan shall be divided into foregin and domestic component if applicable.

Details of Capital Cost and Financing Structure

Current Year (n)

RemarksYear ending March FY of COD 2014-15

Format for Hydro



Form: F- 8

Amount in FC Exchange Rate

Amount in

Indian

Currency

Terms of

Repayment

Grace

Period

Interest Rate /

Return on

Equity

Guarantee

Commission

Upfront Fees/

Exposure

Premium

% of Total

Debt

% of Total

Equity

% of

Total PC

(Name of Currency) (Rs./FC) (Rs. in Crore) (Years) (Years) (%) (Rs. in Crore) (Rs. in Crore) (%) (%) (%)

(A) Debt

Foreign:

Loan I

Loan II

Loan III

Loan IV etc.

Indian:

Loan I

Normative Loan 105.29 12.21% 100% NA 70%

Total Loan (A) 105.29 12.21% 100% NA 70%

(B) Equity

Foreign:

Indian: 45.12 15.50% NA 100% 30%

Total Equity(B) 45.12 15.50% NA 100% 30%

(C) Grants

Foreign:

Indian:

Total Grant (C)

Total Financing (A+B+C) 150.41

Total Project Cost 150.41

Note:

(ii) FC- Foreign Currency

(iii) PC- Project Cost

Details of Financial Packages

Source of Funds

(i) In case of projects having achieved COD: Financial package details, as admitted by the Competent Authority on COD of the Project, shall be furnished in the Format alongwith supporting documents.

(ii) In case of projects which are yet to achieve their COD: Financial package details, as approved by the Competent Authority , shall be furnished in the Format alongwith supporting documents.




Loan Agency(Source of loan) Rate of Interest(%)Repayment period

(Years)

Balance at the

beginning of the

Year

Amount Received

during the year

Principal due

during the year

Principal

redeemed during

the year

Principal Overdue

at the year end

Principal Due at

the year endRemarks

Actual/Audited Actual/Audited Actual/Audited Actual/Audited Actual/Audited Actual/Audited Actual/Audited Actual/Audited

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)A. Other than state government

Loan 1:

Loan 2:

Loan 3:

Sub Total (A) 0 0 0 0 0 0

B. Government Loans

Type 1: 12% 20 0.497 0.046 0.046 0.451

Type 2: 11.50% 20 1.047 0.092 0.092 0.955

Type 3:

Sub Total (B) 1.544 0.000 0.137 0.137 0.000 1.406

Sub Total (A+B) 1.544 0.000 0.137 0.137 0.000 1.406

C. Normative Loans 12.21% 5.69 0.08 1.21 1.21 4.56

Total (A+B+C) 7.238 0.078 1.350 1.350 0.000 5.965

Current Year (n) 2014-15

Loan Agency(Source of loan) Rate of Interest(%)Repayment period

(Years)

Balance at the

beginning of the

Year

Amount Received

during the year

Principal due

during the year

Principal

redeemed during

the year

Principal Overdue

at the year end

Principal Due at

the year endRemarks

Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

A. Other than state government

Loan 1:

Loan 2:

Loan 3:

Sub Total (A) 0 0 0 0 0 0

B. Government Loans

Type 1: 12% 20 0.451 0.046 0.046 0.405

Type 2: 11.50% 20 0.955 0.092 0.092 0.864

Type 3:

Sub Total (B) 1.406 0.000 0.137 0.137 0.000 1.269

Sub Total (A+B) 1.406 0.000 0.137 0.137 0.000 1.269


Total (A+B+C) 5.965 0.000 1.351 1.351 0.000 4.614

Ensuing Year (n+1) 2015-16

Loan Agency(Source of loan) Rate of Interest(%) Repayment period

(Years)

Balance at the

beginning of the

Year

Amount Received

during the year

Principal due

during the year

Principal

redeemed during

the year

Principal Overdue

at the year end

Principal Due at

the year end Remarks

Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

A. Other than state government

Loan 1:

Loan 2:

Loan 3:

Sub Total (A) 0 0 0 0 0 0

B. Government Loans

Type 1: 12% 20 0.405 0.046 0.046 0.360

Type 2: 11.50% 20 0.864 0.092 0.092 0.772

Type 3:

Sub Total (B) 1.269 0.000 0.137 0.137 0.000 1.132

Sub Total (A+B) 1.269 0.000 0.137 0.137 0.000 1.132


Total (A+B+C) 4.614 7.748 1.148 1.148 0.000 11.214

Form: F- 9.1

Statement of Outstanding Loans

Format for Hydro




Previous Year (n-1) Current Year (n) Ensuing Year (n+1) Ensuing Year (n+2) Ensuing Year (n+3)

2013-14 2014-15 2015-16

Projected Projected Projected

Loan 1

Gross Loan - Opening 0.785 0.785 0.785

Cummulative payments of Loan upto

Previous Year0.288 0.334 0.379

Net Loan - Opening 0.497 0.451 0.405

Add: Drawl(s) during the year 0.000 0.000 0.000

Less: Repayment(s) of Loan during the

year0.046 0.046 0.046

Net Loan - Closing 0.451 0.405 0.360

Average Net Loan 0.474 0.428 0.383

Rate of Interest on Loan on Annual Basis 12.00% 12.00% 12.00%


Loan 2



Previous Year0.523 0.615 0.707

Net Loan - Opening 1.047 0.955 0.864



year0.092 0.092 0.092

Net Loan - Closing 0.955 0.864 0.772


Rate of Interest on Loan on Annual Basis 11.50% 11.50% 11.50%


Loan n

Gross Loan - Opening


Previous Year

Net Loan - Opening

Add: Drawl(s) during the year


year

Net Loan - Closing

Average Net Loan

Rate of Interest on Loan on Annual Basis

Interest on Loan

Total Loan



Previous Year 0.811 0.949 1.086

Net Loan - Opening 1.544 1.406 1.269



year 0.137 0.137 0.137

Net Loan - Closing 1.406 1.269 1.132


Rate of Interest on Loan on Annual Basis


Weighted Average Rate of Interest on

Loans

* In case of Foreign Loans, the calculation in Indian Rupee is to be furnished. However, the calculation in Original currency is also to be furnished separately in the

same format

Form: F- 9.2

Calculation of Weighted Average Interest Rate of Interest on Actual Loans *

ParticularsS.No.

Format for Hydro



Form: F- 9.3

FY 2013-14

(n-1)

Current Year FY 2014-

15 (n) FY 2015-16 (n+1)

2013-14 2014-15 2015-16

(Actuals/Audited) Actual & Estimated RE

Gross Normative Loan - Opening 97.46 97.54 97.54

Cummulative payments of Normative Loan upto Previous

Year

Net Normative Loan - Opening 5.69 4.56 3.34

Increase or Decrease during the year 0.08 - 7.75

Less: Repayment of Normative Loan during the year 1.21 1.21 1.01

Net Normative Loan - Closing 4.56 3.34 10.08

Average Normative Loan 5.13 3.95 6.71

Weighted Average Rate of Interest on Actual Loan on

Annual Basis 12.21% 12.21% 12.21%

Interest on Normative Loan 0.626 0.483 0.820

Calculation of Interest on Normative Loan

Particulars

Format for Hydro




(n+1)

2013-14 2015-16


(Actual)

Oct-Mar

(Estimated)

Total (April -

March) RE

1 O & M expenses - 1 month 3.10 3.22 3.50

2 Spares (15% of O&M Expenses) 5.58 5.79 6.31

3 Recievables- 2 months 8.96 9.19 8.90

4 Total Working Capital (1+2+3) 17.64 18.21 18.70

5 Normative Interest Rate (%) 14.75% 14.75% 14.75%

6 Normative Interest on Working Capital (4 X 5) 2.60 2.69 2.76

Form: F- 10

RemarksParticularsSl.No.

Current Year (n)

Details of Interest on Working Capital

2014-15

Format for Hydro




(n+1) Remarks

2013-14 2015-16


(Actual)

Oct-Mar

(Estimated)

Total (April -

March) RE

a) Repair and Maintenance Expenses

- Plants and Machinery 4.021 0.659 - - -

- Buildings 1.971 0.458 - - -

- Major Civil Works 0.126 0.100 - - -

- Hydraualic Work 3.162 0.287 - - -

- Lines Cables Networks etc. 0.023 0.002 - - -

- Vehicles 0.031 0.031 - - -

- Furnitures and Fixtures 0.000 0.001 - - -

- Office Equipment & Other Items 0.024 0.004 - - -

-Consumption of Stores and Spares(Lubricant) 0.493 0.281 - - -

Sub-Total 9.852 1.823 6.956 8.780 9.431

b) Administrative Expenses

- Insurance 0.548 0.619 - - -

- Rent Rates and Taxes 0.004 - - - -

- Electricity Charges 0.029 0.005 - - -

- Travelling and conveyance 0.180 0.103 - - -

- Staff Car 0.243 0.193 - - -

- Telephone, telex and postage 0.126 0.043 - - -

- Advertising 0.195 0.014 - - -

- Entertainment 0.013 0.006 - - -

- Corporate mgmt expenses 0.000 - - - -

- Legal Expenses 0.177 0.050 - - -

- Consultancy Expenses 0.041 0.051 - - -

- Professional Charges 0.012 0.003 - - -

- Printing & Stationery 0.147 0.047 - - -

- Security Expenses 0.655 0.371 - - -

- Rect. & Traning Exp. 0.057 0.006 - - -

- Fees & Subscription 0.076 0.000 - - -

-Others 0.718 0.169 - - -

Sub-Total 3.220 1.682 1.777 3.459 3.716

c) Employee Cost

- Basic Salaries 8.245 3.198 - - -

- Dearness Allowance 6.961 3.134 - - -

- Other Allowances incl Leave Encash 3.455 1.610 - - -

- Bonus 0.084 - - - -

- Staff welfare expenses 0.439 0.148 - - -

- Medical Allowances 0.265 0.094 - - -

- Others Expenses (specify elements) Overtime to

staff0.592 0.329 - - -

- Terminal Benefits 3.935 0.809 - - -

Sub-Total 23.977 9.322 16.934 26.256 28.751

d) Other Expenses

Colony Supply and consessional supply 0.135 - - 0.135 0.135

Sub-Total 0.135 - - 0.135 0.135

Total O&M Expenses 37.184 12.827 38.630 42.033

Less: O&M Expenses Capitalised

Net O&M Expenses 37.184 12.827 38.630 42.033

Notes 1 : (i) The process of allocation of corporate expenses to generating stations should be specified.

(ii) The data should be certified by statutory auditors.

Form: F- 11

Details of Operation & Maintenance Expenses

S. No. Particulars

Current Year (n)

2014-15

Format for HydroUJVN Ltd.

Chilla HEP

Previous Year

(n-1) Ensuing Year (n+1)

2013-14 2015-16

(Actuals/Audite

d)

Apr-Sep

(Actual)Oct-Mar (Estimated)

Total (April -

March)Projection RE

1 - Plants and Machinery 4.021 0.659 - - -

2 - Buildings 1.971 0.458 - - -

3 - Major Civil Works 0.126 0.100 - - -

4 - Hydraualic Work 3.162 0.287 - - -

5 - Lines Cables Networks etc. 0.023 0.002 - - -

6 - Vehicles 0.031 0.031 - - -

7 - Furnitures and Fixtures 0.000 0.001 - - -

8 - Office Equipment & Other Items 0.024 0.004 - - -

9

-Consumption of Stores and

Spares(Lubricant)0.493 0.281 - - -

Total R&M 9.852 1.823 6.956 8.780 9.431

S.No. Particulars

Current Year (n)

Remarks

Name of Generating Company

Name of Generating Station

Form: F-11.1

Details of Repair & Maintenance

2014-15

Format for Hydro



Form: F-11.2

(Rs. Crore)


2013-14 2015-16


(Actual)

Oct-Mar

(Estimated)

Total (April -

March)Projectio

n

RE

A Employee's Cost

1 - Basic Salaries 8.245 3.198 - - -

2 - Dearness Allowance 6.961 3.134 - - -

3 - Other Allowances incl Leave Encash 3.455 1.610 - - -

4 - Bonus 0.084 - - - -

5 - Staff welfare expenses 0.439 0.148 - - -

6 - Medical Allowances 0.265 0.094 - - -

7 - Others Expenses (specify elements) Overtime to staff 0.592 0.329 - - -

8 - Terminal Benefits 3.935 0.809 - - -

Employee expenses 23.977 9.322 16.934 26.256 28.751

B. Details of number of employees



(Actual)

Oct-Mar

(Estimated)

Total (April -

March) Projected

A Officer/Managerial Cadre

1 Technical

2 Administrative

3 Accounts and finance

4 Other (Please specify)

B Staff Cadre

5 Technical

5.1 Grade I

5.2 Grade II

5.3 Grade III

5.4 Grade IV

6 Administrative

6.1 Grade I

6.2 Grade II

6.3 Grade III

6.4 Grade IV

7 Accounts and finance

7.1 Grade I

7.2 Grade II

7.3 Grade III

7.4 Grade IV

8 Others (please specify)

8.1 Grade I

8.2 Grade II

8.3 Grade III

8.4 Grade IV

Total Employees

Details of Employee Expenses

Current Year (n) Remarks

Remarks

Current Year (n)

ParticularsS.No

S.

No. Item

2014-15



Form: F- 11.3Details of Administration & General Expenses (Rs. Crore)


2013-14 2015-16


(Actual)

Oct-Mar

(Estimated)

Total (April -

March)Projection RE

A Administrative Expenses

1 - Insurance 0.548 0.619 - - -

2 - Rent Rates and Taxes 0.004 - - - -

3 - Electricity Charges 0.029 0.005 - - -

4 - Travelling and conveyance 0.180 0.103 - - -

5 - Staff Car 0.243 0.193 - - -

6- Telephone, telex and postage

0.126 0.043 - - -

7 - Advertising 0.195 0.014 - - -

8 - Entertainment 0.013 0.006 - - -

9 - Corporate mgmt expenses 0.000 - - - -

10 - Legal Expenses 0.177 0.050 - - -

11 - Consultancy Expenses 0.041 0.051 - - -

12 - Professional Charges 0.012 0.003 - - -

13 - Printing & Stationery 0.147 0.047 - - -

14 - Security Expenses 0.655 0.371 - - -

15 - Rect. & Traning Exp. 0.057 0.006 - - -

16 - Fees & Subscription 0.076 0.000 - - -

17 -Others 0.718 0.169 - - -

H A&G Expenses 3.220 1.682 1.777 3.459 3.716

Remarks S.No

Current Year (n)

Particulars 2014-15



Form: F- 13

Summary of Truing Up


(Rs. Crore)

S. No. Particulars Approved Actual Deviation Controllable Uncontrollable

A. Net Annual Fixed Charges

1 Interest on Loan (Including Interest on Normative Loans) 1.14 0.79 0.35 0.35

2 Depreciation 7.59 6.72 0.87 0.87

3 Lease Charge - -

4 Return on Equity 7.17 6.47 0.70 0.70

5 O&M Expenses 27.36 37.18 (9.82) (9.82)

6 Interest on Working Capital 1.99 2.60 (0.61) (0.61)

7 Income Tax

8 Gross Annual Fixed Charges (1+2+3+4+5+6+7) 45.25 53.77 (8.52) (8.52)

9 Less; Other Income 1.21 2.24 (1.03) (1.03)

10 Net Annual Fixed Charges (8-9) 44.04 51.53 (7.49) (7.49)

C Surplus/(Gap) (7.49) (7.49)

Note: Please give detailed explanation separately for the deviations on account of uncontrollable factors

0

Total gain/(loss) due to controllable factors -

Total gain/(loss) due to un controllable factors (7.49) Approved ARR for

2013-14

Actual AFC for FY

2013-14Gain/(loss)

Gain loss due to controllbale factors to be passed on to the

consumers- 44.04 51.53 (7.49)

Gain loss due to un controllbale factors to be passed on to

the consumers(7.49)

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Hon’ble Uttarakhand Electricity Regulatory ommissionuerc.gov.in/ordersPetitions/Petitions/2015-16/UJVN Ltd... · · 2014-12-16Hon’ble Uttarakhand Electricity Regulatory