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PANKI _MYT Petition for Determination of Tariff
PANKI TPS MYT PETITION FOR DETERMINATION OF TARIFF FOR FY 2009‐10 TO 2013‐14
UP RAJYA VIDYUT UTPADAN NIGAM LTD
2009
FORM1 (See Regulation 30)
BEFORE THE HON’BLE UTTAR PRADESH ELECTRICITY REGULATORY COMMISSION, KISAN MANDI BHAWAN, GOMITNAGAR, LUCKNOW
Receipt Register No.: _______________
Petition No.: ______________
IN THE MATTER OF MULTI YEAR TARIFF PETITION FOR APPROVAL OF ANNUAL REVENUE REQUIREMENT AND DETERMINATION OF TARIFF FOR FY 2009‐10 TO FY 2013‐14 IN RESPECT OF PANKI THERMAL POWER STATION OF UTTAR PRADESH RAJYA VIDYUT UTPADAN NIGAM LIMITED (UPRVUNL), SHAKTI BHAWAN, 14‐ASHOK MARG LUCKNOW AND IN THE MATTER OF PANKI THERMAL POWER STATION OF UTTAR PRADESH RAJYA VIDYUT UTPADAN NIGAM LIMITED (UPRVUNL), SHAKTI BHAWAN, 14‐ASHOK MARG, LUCKNOW.
APPLICANT V/s UTTAR PRADESH POWER CORPORATION LIMITED (UPPCL), SHAKTI BHAWAN, 14‐ASHOK MARG, LUCKNOW. MADHYANCHAL VIDYUT VITRAN NIGAM LTD. PN ROAD, LUCKNOW. POORVANCHAL VIDYUT VITRAN NIGAM LTD. 132 KV S/S BHIKARI VIDYUT NAGAR, VARANASI PASCHIMANCHAL VIDYUT VITRAN NIGAM LTD. VICTORIA PARK, MEERUT DAKSHINACHAL VIDYUT VITRAN NIGAM LTD. GALINA ROAD AGRA. KANPUR ELECTRICITY SUPPLY CO. LTD. KESA HOUSE, KANPUR NOIDA POWER CO. LTD. COMMERCIAL COMPLEX, H BLOCK, ALPHA‐II SECTOR GREATER NOIDA CITY
RESPONDENTS
The applicant, Panki TPS of Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited , a
Company incorporated under the provisions of the Companies Act, 1956 having its
registered office at “Shakti Bhawan, 14‐Ashok Marg, Lucknow‐226001’ is making this
affidavit in the matter of application for Determination of Multi Year Tariff for the Control
Period of FY 2009‐10 to FY 2013‐14
1. Facts of the Case:
The Panki TPS of Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (Petitioner) is
submitting this Multi Year Tariff Petition for Determination of Tariff for the Five Year
Control Period of FY 2009‐10 to FY 2013‐14 for its Panki thermal power station as per Para
5 of the UPERC (Terms and Conditions of Generation Tariff) Regulations, 2009 & as per
Para 17 of UPRVUNL Tariff Order for FY 2008‐09.
2. Submissions
The Panki TPS of UPRVUNL is filing this Petition under the provisions of Section 61 & 62 of
Electricity Act, 2003 and the UPERC (Terms and Conditions of Generation Tariff)
Regulations, 2009 and its Appendices and the prescribed tariff filing format as annexed
with the petition.
EXECUTIVE SUMMARY
The performance parameters and other cost elements have been duly elaborated in the
enclosure to the Petition. Based on these, the cost of generation has been determined under
three heads.
Fixed Costs (Annual Capacity Charges)
Energy charges
Taxes and Govt Levies
The Cost for the control period as proposed in the tariff Petition is as under:
Fixed Costs
The fixed charges are contracted capacity charges payable to generating company by the
consumer irrespective of actual generation from the plants. However as the tariff
regulations provide for recovery of fixed costs based on achievement of target availability,
the fixed costs would be claimed based on achievement of target availability. The overall
fixed charges in respect of Panki thermal power station is elaborated in the table below
Table: Total Annual Capacity (Fixed) Charges
(All Figures in Rs Crs)
Particulars (Rs Crs) FY 10 FY 11 FY 12 FY 13 FY 14
Depreciation 6.25 6.25 15.94 26.05 26.05Interest on Loan 3.37 2.94 4.29 43.45 52.53Return on Equity 6.01 6.01 14.54 23.06 23.06Advance against Depreciation 0.00 0.00 0.00 0.00 18.81Interest on Working Capital 14.42 15.22 17.55 20.83 22.70O & M Expenses 79.55 84.33 94.73 106.06 112.40Compensation Allowance 1.37 1.37 1.46 1.56 1.56Total Fixed Cost 110.98 116.12 148.51 221.02 257.11
Energy Sent Out (MU) 982 1001 1092 1189 1233Fixed Cost per Unit (Rs/kwh) 1.13 1.16 1.36 1.86 2.09
SUMMARY OF ANNUAL CAPACITY (FIXED) CHARGES
The Petitioner would suitably approach the Hon’ble Commission for true‐up of fixed costs
based on audited accounts
Variable Charges
These are the expenses, taken place directly in proportion to the generation of power and
primarily consist of fuel costs of generation. These are dependent on the quantity of
generation and hence recovery is proposed on per unit or net generation. The cost of
energy charges for the Petitioner for the control period for Panki thermal power station is
as under:
Table: Summary of Energy (Variable) Charges
Particulars FY 10 FY 11 FY 12 FY 13 FY 14
Coal Cost 222.18 234.94 266.08 299.90 321.74Oil Cost 9.04 9.26 10.15 11.05 11.43Total Variable Cost 231.22 244.21 276.23 310.95 333.16
Energy Sent Out (MU) 982 1001 1092 1189 1233Variable Cost per Unit (Rs/kwh) 2.35 2.44 2.53 2.61 2.70
SUMMARY OF VARIABLE CHARGES
Taxes and Govt Levies
These are the amounts recovered on behalf of the government and paid as taxes. In fact the
amount does not depend upon the performance of the company but are determined by
government policies. The Petitioner has sought recovery of such expenses as separate pass
through basis. Expenses which have been claimed as pass through are Pollution Cess
liabilities, Water Cess, rates & taxes, regulatory fee payable to UPERC, etc.
Other Significant Issues
There are few issues which have been separately raised in this Petition which are:
• Arrears of Pollution Cess Liabilities – Automatic pass through approval sought
based on actual payments
• Finance & Bank Charges – Sought as Separate pass through based on actual payment
basis
Prayer
The Petitioner respectfully prays that the Hon’ble Commission may
Accept this Petition
Accept the tariff rates as elaborated in the Petition
Permit recovery of expenses understated/ not considered in this Petition e.g.
depreciation etc at a later stage, if required
Allow the Petitioner to apply the tariff provided by the Hon’ble Commission from
the beginning of FY 2009‐10
Allow true‐up of uncontrollable expenses in the control period based on the audited
accounts and normative parameters as applicable for various heads of expenditures.
Condone any inadvertent omissions / errors / short comings and permit the
applicant to add /change /modify / alter this Petition and make further submissions
as may be required at later stages
Pass such orders as Hon’ble Commission may deem fit and proper and necessary in
the facts and circumstances of the case, to grant relief to the petitioner.
FORM-2 (See Regulation 31)
BEFORE THE HON’BLE UTTAR PRADESH ELECTRICITY REGULATORY COMMISSION, KISAN MANDI BHAWAN, GOMITNAGAR, LUCKNOW
Receipt Register No.: _______________
Petition No.: ______________
IN THE MATTER OF MULTI YEAR TARIFF PETITION FOR APPROVAL OF ANNUAL REVENUE REQUIREMENT AND DETERMINATION OF TARIFF FOR FY 2009‐10 TO FY 2013‐14 IN RESPECT OF PANKI THERMAL POWER STATION OF UTTAR PRADESH RAJYA VIDYUT UTPADAN NIGAM LIMITED (UPRVUNL), SHAKTI BHAWAN, 14‐ASHOK MARG LUCKNOW AND IN THE MATTER OF PANKI THERMAL POWER STATION OF UTTAR PRADESH RAJYA VIDYUT UTPADAN NIGAM LIMITED (UPRVUNL), SHAKTI BHAWAN, 14‐ASHOK MARG, LUCKNOW.
APPLICANT VS
UTTAR PRADESH POWER CORPORATION LIMITED (UPPCL), SHAKTI BHAWAN, 14‐ASHOK MARG, LUCKNOW. MADHYANCHAL VIDYUT VITRAN NIGAM LTD. PN ROAD, LUCKNOW. POORVANCHAL VIDYUT VITRAN NIGAM LTD. 132 KV S/S BHIKARI VIDYUT NAGAR, VARANASI PASCHIMANCHAL VIDYUT VITRAN NIGAM LTD. VICTORIA PARK, MEERUT DAKSHINACHAL VIDYUT VITRAN NIGAM LTD. GALINA ROAD AGRA. KANPUR ELECTRICITY SUPPLY CO. LTD. KESA HOUSE, KANPUR NOIDA POWER CO. LTD. COMMERCIAL COMPLEX, H BLOCK, ALPHA‐II SECTOR GREATER NOIDA CITY
AFFIDAVIT
I, Mahendra Kumar , Son of Shri Parshu Ram aged about 45 years, resident of 80, Hydel officers
colony, Chandralok, Aliganj, Lucknow, do hereby solemnly affirm and state as under:
1. I say that I am Chief Engineer, Commercial UPRVUNL, the Applicant in the above
matter and am duly authorized by the said Applicant to swear the present affidavit.
2. I say that I have read the contents of the above Petition filed by the Petitioner (applicant)
and I have understood the contents of the same.
3. That the contents of the Petition filed by the Applicant are based on the information
available with the Applicant in the normal course of business and believed by me to be
true.
4. I say that the Text, Appendices and Annexure to the Petition are the true and correct
copies of their original.
DEPONENT
VERIFICATION
I, the deponent above named, do hereby verify the contents of the above affidavit to be true to the
best of my knowledge, no part of it is false and nothing material has been concealed therefrom.
Verified at Lucknow on the , 2010
DEPONENT
PANKI_MYT Petition for Determination of Tariff Page 8
CONTENTS
1. INTRODUCTION .................................................................................................................... 10
1.1 Rationale ................................................................................................................................................................ 10
1.2 UPRVUNL ............................................................................................................................................................... 10
1.3 Installed Capacity of the Petitioner ............................................................................................................ 11
1.4 Capacity Addition Plans of UPRVUNL ........................................................................................................ 12
1.5 R&M, Refurbishment & Up‐rating Programme ...................................................................................... 13
1.5.1 Up‐rating of Panki U#3 & U#4 (2x105MW to 2x120MW) ...................................................... 15
1.6 Arrears of Pollution Cess Liabilities ........................................................................................................... 16
1.7 Annual Payment of Statutory Charges like Water Cess, Payment to Pollution Control Board, Regulatory Fee, etc ............................................................................................................................................ 17
1.8 Finance & Bank Charges .................................................................................................................................. 18
1.9 Payment of Service Tax on CISF Services ................................................................................................. 18
1.10 Expenses towards implementation of ABT ............................................................................................. 20
1.11 Imported Coal Usage ......................................................................................................................................... 20
1.12 Incentive ................................................................................................................................................................ 22
1.13 Taxes on Income ................................................................................................................................................. 22
1.14 Milestones achieved in FY 2008‐09 ............................................................................................................ 22
2. ANNUAL REVENUE REQUIREMENT & MULTI-YEAR TARIFF PETITION OF ‘PANKI TPS’ ............................................................................................................................................. 23
2.1. Annual Capacity (Fixed Charges) Charges ................................................................................ 23
2.1.1. Gross Fixed Assets ................................................................................................................... 23
2.1.2. Interest on Loan Capital .......................................................................................................... 25
2.1.3. Depreciation including Advance Against Depreciation .................................................... 28
2.1.3.1. Depreciation .............................................................................................................................. 28
2.1.3.2. Advance against depreciation (AAD) ................................................................................... 30
2.1.4. Return on Equity ...................................................................................................................... 32
2.1.5. Operation & Maintenance Expenses ..................................................................................... 35
2.1.5.1. Base O&M Expenses ................................................................................................................ 35
PANKI_MYT Petition for Determination of Tariff Page 9
2.1.5.2. Impact of Pay Revision ............................................................................................................ 35
2.1.5.3. Projected O&M Expenses ........................................................................................................ 37
2.1.6. Compensation Allowance ....................................................................................................... 38
2.1.7. Interest on Working Capital ................................................................................................... 39
2.1.8. Summary of Annual Capacity (Fixed) Charges ................................................................... 40
2.2. Energy Charges ........................................................................................................................ 41
2.2.1. Fuel Cost Adjustment .............................................................................................................. 43
LIST OF EXHIBITS
EXHIBIT A – Documentary evidence of SBI PLR
EXHIBIT B – Audited Accounts for FY 2007‐08
PANKI_MYT Petition for Determination of Tariff Page 10
1. INTRODUCTION
1.1 Rationale
The Electricity Act, 2003 (Act 36 of 2003) came into force with effect from 10.6.2003 and
the previous Acts governing the electricity supply in the country viz. The Indian Electricity
Act, 1910 (9 of 1910), the Electricity (Supply) Act, 1948 (54 of 1948), and the Electricity
Regulatory Commissions Act, 1998 have been repealed. The provisions of the UP Electricity
Reform Act, 1999 (Uttar Pradesh Act 24 of 1999) to the extent not inconsistent with the
provisions of the Electricity Act, 2003, however, continue to apply to Uttar Pradesh.
As per Section 10 (2) of the Electricity Act, 2003 (hereinafter referred to as the Act),
UPRVUNL shall supply electricity to the Licensees (UPPCL or its successors). Section 61 of
the Electricity Act, 2003 deals with Tariff Regulations
Section 62 (1) of the Act provides that the Appropriate Commission shall determine the
tariff in accordance with the provisions of the Act, inter‐alia, for supply of electricity by a
generating company to a distribution licensee. Further, in accordance with Section 86 (1)
(a) of the Act, UPERC shall determine the tariff of generation of power at stations owned by
the UPRVUNL. Section 86 (1) (b) further mandates UPERC to regulate electricity purchase
and procurement process of distribution licensees including the price at which electricity
shall be procured from the generating companies or licensees. Accordingly this petition is
being submitted by the state generating utility’s ‘Panki TPS’ for determination of tariff.
1.2 UPRVUNL
Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL), is a company
incorporated on 25th August 1980 with the principal object of generating electricity.
Petitioner implemented commissioning of 2x210 MW thermal power stations at Unchahar.
In February 1992 this power station was transferred to NTPC.
Consequent to the implementation of power sector reforms in the State where under,
amongst others, the activities of generation, transmission, distribution and retail supply of
electricity carried out by UPSEB have been restructured and UPSEB was unbundled into
Uttar Pradesh Power Corporation Limited (UPPCL), Uttar Pradesh Jal Vidyut Nigam Limited
PANKI_MYT Petition for Determination of Tariff Page 11
(UPJVNL) and UP Rajya Vidyut Utpadan Nigam Limited vide the Uttar Pradesh Electricity
Reforms Transfer Scheme, 2000 notification No 149/P‐1/2000‐24, Lucknow dated January
14th, 2000. As part of the scheme all thermal generating stations as set out in Schedule A to
the transfer scheme were transferred to and vested in the Petitioner
The Transfer Scheme assigned a value of Rs. 6009.63 crs (Prov) to gross fixed assets as on
March 31, 1999. The Scheme determined the equity capital as Rs. 1053.71 crs. As part of
the Scheme certain liabilities (listed in Schedule ‘D’ to the Scheme) were retained by GoUP
The provisional Scheme was modified by GoUP vide notification no. 348/P‐1/2001‐24
dated 25 January 2001, which made the Transfer Scheme of the year 2000 effective from
14 January 2000. The modified Scheme provided that value of gross fixed assets as Rs.
6270.60 crs and increased the equity amount to Rs. 1511.44 crs.
In pursuance of GOUP notification no., 2740/P‐1/2003‐24‐14P/2003 dated 12th August
2003, UPPCL was further divided into five successor companies, with UPPCL as Transco
and four successor distribution companies (hereinafter referred to as “licensees”), which
are as follows:
• Paschhimanchal Vidyut Vitran Nigam Limited, Meerut ‐ (Meerut DisCom)
• Dakshinanchal Vidyut Vitran Nigam Limited, Agra ‐ (Agra DisCom)
• Madhyanchal Vidyut Vitran Nigam Limited, Lucknow ‐ (Lucknow DisCom)
• Poorvanchal Vidyut Vitran Nigam Limited, Varanasi ‐ (Varanasi DisCom)
1.3 Installed Capacity of the Petitioner
The details of Installed Capacity of the generating station Panki is listed in table below:
Table: Generation Capacities of the UPRVUNL
S No Thermal Power Station
Unit No. Installed Capacity
Derated Capacity
Date of Commercial Operation
1
Panki
1 32 MW Nil* 2 2 32 MW Nil* 3 3 110 MW 105 MW 29‐Jan‐77 4 4 110 MW 105 MW 29‐May‐77 Total 4 284 MW 210 MW
*These Units have been deleted from the installed capacity
PANKI_MYT Petition for Determination of Tariff Page 12
1.4 Capacity Addition Plans of UPRVUNL
The demand for electricity is increasing continuously. Due to increasing gap in the demand
and availability of electricity, the productivity of agricultural, industrial and other fields is
adversely affected. For improvement in the availability of power, the Petitioner has
undertaken several capacity addition schemes which are under various stages of
development.
The following table lists the Power Stations with the expected dates of commissioning of
their units.
Table: Generation Capacity Addition Plan of UPRVUNL
Name of ProjectCapacity (MW)
Likely Commissioning Dates
Parichha Extn (2x250 MW) 500 MW U#5 in April 2010U#6 in June 2010
Harduaganj Extn (2x250 MW) 500 MW U#5 in April 2010U#6 in June 2010
Anpara D (2x500 MW) 1000 MW 2011‐12
Obra C (2x660 MW) 1320 MW 12th Plan
Meja (2x660 MW) (In JV with NTPC) 1320 MW 12th Plan
Anpara E (2x660 MW) 1320 MW 12th Plan
Fatehpur(In JV with Neyvile Lignite) 2000 MW 12th Plan
PANKI_MYT Petition for Determination of Tariff Page 13
1.5 R&M, Refurbishment & Uprating Programme
Normal life of any thermal power station is around 25 years. During this life span also, the
performance of the plants gradually goes down until unless required maintenance is
carried out regularly. After completion of normal life, the plants are either to be retired or
major Renovation and Modernization is to be done to bring their performance back to a
reasonable level. The graph below elaborates the average age of thermal generating units
of UPRVUNL plants as on 1st April 2009.
Table 2: Average Age of Power Stations
21
15
36
29
33 32
24
2
0
5
10
15
20
25
30
35
40
Anpara A Anpara B Obra A Obra B Harduaganj Panki Parichha Parichha Extn
Average Age of TPS
It may be seen that the average age of the thermal generating units of the Petitioner is
around 27 years (excluding Parichha Extn).
The creeping effect of vintage coupled with irregular maintenance on account of the
persistent power deficit in the state (which resulted in the deferment of planned
maintenance of the units for a number of times), has further affected the performance of
the generating units.
However, UPRVUNL has planned a Comprehensive R&M, Refurbishment & Up‐rating plans
for its power stations which are under various stages of implementation
PANKI_MYT Petition for Determination of Tariff Page 14
A snapshot is presented below of the various Completed / Ongoing & Proposed R&M /
Refurbishment & Up‐rating Schemes:‐
Table 3: Snapshot of R&M / Refurbishment & Uprating Schemes
Name of the schemeNature of Scheme
Capacity AgencyProject Cost (Rs
Benefits from the scheme
Increase in PLF
LE by 15 yrs
Increase in Gen Capacity 1x10+1x50
Obra U#6 R&M 94 MW BHEL 52.47 Increase in PLF
Harduaganj U#7 & U#5
R&M 165 MW BHEL 55.34 Increase in PLF
Name of the schemeNature of Scheme
Capacity AgencyProject Cost (Rs
Benefits from the scheme
Increase in PLF
LE by 15 years
Increase in Gen Capacity 5x16 MW
Anpara A (3x210) Refurbishment 630 MW BHEL 787.50 To keep PLF stable
Harduaganj U#7 Uprating 120 MW BHEL 392.00Improve PLF, LE by 15 years, Increase in capacity by 1x10MW
Obra A U#7 & U#8 R&M 188 MW BHEL 178.00 Increase in PLF
Name of the schemeNature of Scheme
Capacity AgencyProject Cost (Rs
Benefits from the scheme
Parichha U#1 & U#2 Refurbishment 220 MW BHEL 275.00Increase in PLF, LE by 15 years
Panki U#3 & U#4 Uprating 240 MW BHEL 550.00
Increase in PLF, LE by 15 years, Increase in capacity by 2x10MW
Anpara B (2x500MW) R&M 1000 MW BHEL 691.97 Stabilise PLF
Completed R&M / Refurbishment & Uprating Schemes
Obra A(U#1 & U#2)
Refurbishment 100 MW
M/s Techno Prome Exports (TPE) Russia &
others
189.39
Proposed R&M / Refurbishment & Uprating Schemes
Ongoing R&M / Refurbishment & Uprating Schemes
Obra B (5x200 MW) Refurbishment 1000 MW BHEL 1635.00
The Petitioner, Panki TPS is in the process of implementing a up‐rating scheme, whose
broad features has been discussed in the following chapter:
PANKI_MYT Petition for Determination of Tariff Page 15
1.5.1 Uprating of Panki U#3 & U#4 (2x105MW to 2x120MW)
The units of Panki TPS are 32 years old. The Petitioner has planned a comprehensive Up‐
rating of the units in the control period. The Proposed Scheme is of Rs 550 crs.
A snapshot of the scheme along with the shut‐down period is as per table below
Table 4: Details of Uprating Scheme of Panki TPS
Name of the scheme
Nature of Scheme
Capacity AgencyProject Cost (Rs Cr)
Benefits from the scheme
U# 3 10/11 to 3/12
U# 4 4/12 to 9/12
Shutdown period
Panki U#3 & U#4
Uprating 240 MW BHEL 550.00
80% PLF, LE by 15 years,
Increase in capacity by 2x10MW
The scheme would be funded in the ratio of 80:20 Debt to Equity ratio. GoUP support in the
form equity would be to the tune of Rs 110 crs. GoUP has made a Budgetary Allocation of
Rs 100 crs in FY 2009‐10 for the same. The Debt funding of Rs 440 crs would be tied up
with PFC
The following table lists the proposed loan drawls and equity support under the scheme
Table 5: Investment Plan for Uprating Scheme of Panki TPS
Particulars FY 10 FY 11 FY 12 FY 13 FY 14
Equity Drawl 100.00 10.00 ‐ ‐ ‐
Loan Drawl ‐ 176.00 176.00 88.00 ‐
Total 100.00 186.00 176.00 88.00
PANKI_MYT Petition for Determination of Tariff Page 16
Based on the proposed expenditure pattern and the unit‐wise Commissioning dates the
proposed capitalization, Interest on Loan, Return on equity, Depreciation & Advance
against depreciation is calculated in the table below
Table 6: Capitalization details of Panki Uprating Scheme
Particulars FY 10 FY 11 FY 12 FY 13 FY 14
Opening Loan ‐ ‐ 176.00 352.00 429.00 Drawl ‐ 176.00 176.00 88.00 ‐ Repayment ‐ ‐ ‐ 11.00 44.00 Closing Loan ‐ 176.00 352.00 429.00 385.00 Intt on loan (Revenue)
1.68 41.20 50.54
Capitalisation 269.15 280.85
Loan incl IDC 214.15 225.85
Equity 55.00 55.00
Return on Equity 8.53 17.05 17.05
Depreciation 0.81 15.59 19.80
AAD 18.81
1.6 Arrears of Pollution Cess Liabilities
The Petitioner in the tariff petition for FY 2008‐09 had sought recovery of ‘duties, taxes
payable to Government or local authorities (like Pollution Cess, rates and taxes including
Fringe Benefit Tax, Forest Cess) and fees payable to UPERC as separate pass through in
tariff as these are payments being statutory in nature and imposed by law.
The Hon’ble Commission had allowed “recovery of Pollution Cess liabilities, rates and
fees payable to the Commission on actual basis”
PANKI_MYT Petition for Determination of Tariff Page 17
The basis of charge of the Pollution Cess is a provision in Section 3 of the Water
(Prevention and Control of Pollution) Cess Act, 1977 through which thermal generating
stations across the country have to pay such cess at the prescribed rates. The Petitioner’s
principal liabilities of such cess is shown in table below:
Table: Principal Liabilities of Pollution Cess towards UP Pollution Control Board
Power Station Cess Amount (Rs Crs)
Payment (Rs Crs)
Balance (Rs Crs)
Panki 5.12 4.77 0.35
Total UPRVUNL 185.64 49.96 135.68
Note: The Petitioner submits that the above charges are towards cess charges and not in
violation of any environmental norms. Such liabilities do not include any interest or penalty.
Based on the submissions of the Petitioner in Pet No/228/2205 the Hon’ble Commission in
an order dated August 20, 2007 had allowed a recovery of Rs. 32 crs to the Petitioner. The
Petitioner has in all paid Rs. 49.96 crs towards Pollution Cess as on FY 2008‐09
The Petitioner requests the Hon’ble Commission to allow the additional 17.96 crs (49.96‐
32.00) to be recovered as pass through.
The Petitioner is also planning to repay its arrears of cess dues in a phased manner. The
Petitioner humbly requests the Hon’ble Commission to grant automatic approval of
recovery of such charges as these are pass through in nature.
1.7 Annual Payment of Statutory Charges like Water Cess, Payment to
Pollution Control Board, Regulatory Fee, etc
In the tariff Petition for FY 2008‐09, the Petitioner had sought recovery of ‘duties, taxes
payable to Government or local authorities (like Pollution Cess, rates and taxes including
PANKI_MYT Petition for Determination of Tariff Page 18
Fringe Benefit Tax, Forest Cess) and fees payable to UPERC as separate pass through in
tariff as these are payments being statutory in nature and imposed by law”
The Hon’ble Commission in Para 6.2.2 of FY 2008‐09 Tariff Order had allowed such items –
“The Commission allows recovery of Pollution Cess liabilities, rates and taxes and fees
payable to the Commission on actual basis and same shall be recovered as additional
O&M”
Also the Hon’ble Commission in Para 21 (iv) (d) of UPERC (Terms & Conditions of
Generation Tariff) Regulations 2009 has allowed such items –
“The expenses on regulatory fee, payment to pollution control board, fringe benefit tax,
impact of pay revision, cost of water and water cess shall be paid additionally at
actuals”
Thus the Petitioner seeks recovery of such items as separate pass through basis as and
when they are incurred and paid.
1.8 Finance & Bank Charges
The Finance charges, guarantee fees and bank charges remain un‐recovered as the
regulations do not provide for them explicitly. These costs are incidental with raising of
debt. The Hon’ble Commission had allowed such expenses in the Tariff Order for FY 2008‐
09. The Petitioner cannot project such expenses as the likely impact & incidence of charges
varies from situation to situation. For example, in the past the GoUP has levied guarantee
fees on some loans guaranteed by it, however in other cases it has also given a waiver on
guarantee fees
The Petitioner requests the Hon’ble Commission to allow such charges as separate pass
through in tariff based on actual payment.
1.9 Payment of Service Tax on CISF Services
The power stations of the Petitioner are important assets which need to be manned and
protected. The responsibility of such safety and security has been entrusted to premier
PANKI_MYT Petition for Determination of Tariff Page 19
defence organization CISF. The annual liability of the Petitioner for the last four years is
shown in table below:
Table – Annual Liabilities towards CISF
Power Station FY 2005
06 (Audited)
FY 200607
(Audited)
FY 200708
(Audited)
FY 200809
(Prov) Total
Panki 4.69 5.39 5.74 6.74 22.57
Consequent upon replacement of “Commercial Concern” in definition of various taxable
services by a “Person” through the changes made in the Finance Bill 2006, CISF services
provided against consideration have been covered under the category of “Security Agency
Service” as defined under Section 65(94) read with Section 65 (105) (w) of the Finance Act,
1994 for payment of Service Tax w.e.f 01.05.2006.
However since CISF provides its services to PSUs and other client organizations under the
directions of Ministry of Home Affairs and cost of deployment is also recovered from the
user PSUs/client organizations in such a manner as the Central Government may from time
to time specify, in accordance with the provisions contained in Rule 73 of the CISF Rule
2001
In this regard CISF and Ministry of Home Affairs had moved an application with Ministry of
Finance for Exemption from Service tax on the security services provided by it.
After examination in consultation with Ministry of Finance, Department of Revenue it has
now been decided by Ministry of Home Affairs that Service Tax is payable by CISF w.e.f.
from 1st April 2009.
Service tax is to be paid by the service provider (CISF) who in turn would bill the service
receiver (Petitioner in this case) for the service tax amount.
The current service tax rate is 10.3% and the annual impact of service tax would be
considerable. The Petitioner requests the Hon’ble Commission to allow recovery of such
service tax (additionally other than from O&M) as separate pass through as service tax is a
statutory liability.
PANKI_MYT Petition for Determination of Tariff Page 20
1.10 Expenses towards implementation of ABT
The Hon’ble Commission has recommended for implementation of Availability Based Tariff
(ABT) regime in the state. Accordingly UPRVUNL has geared up to prepare the necessary
requisite infrastructure for its adoption and its smooth running. In this regard it has made
significant investments are given in table below:
Table: Capital Expenditure on ABT Implementation
Power Station Material supply
Installation & AMC
Total (Rs Crs)
Panki 0.36 0.22 0.59
The Hon’ble Commission in Para 18 (6) of the UPERC (Terms & Conditions of Generation
Tariff) Regulations 2009 has stated:
“Cost on implementation of ABT shall be allowed as additional capital expenditure in
tariff”
Accordingly the Petitioner’s requests the Hon’ble Commission to allow capitalization of
such expenditure in FY 2009‐10
1.11 Imported Coal Usage
The Petitioner submits that as per the correspondence received from the Ministry of Power
which submits that the complete coal requirement of the Petitioner cannot be materialized
from Coal India Limited. Also the quality of indigenous coal received by the Petitioner has
been declining over the years. As a consequence the Petitioner has entered into an
agreement with MMTC Ltd (a Government of India Enterprise) for the supply of imported
coal to the tune of 3.36 lac MT.
The scope of such agreement with MMTC Ltd includes import coal to Mundra/other west
coast Indian port, arranging vessels, stevedoring, handling, and storage, port clearances,
arranging Railway rakes, loading, transportation and delivery at UPRVUNL power stations.
All other activities for clearing and forwarding of the consignments like customs clearance,
coordination with Port, Railways and any statutory authorities shall also be the
PANKI_MYT Petition for Determination of Tariff Page 21
responsibility of MMTC Ltd. Unloading of coal at Power Stations end from Railway Wagons
shall be arranged by the Petitioner.
The price of Coal to be supplied shall comprise Coal price arrived at based on the concept
and formulae for re‐fixation of price for supply of imported coal to UPRVUNL, linking the
FOB prices and Ocean freight with CERCs methodology of indexation, fixed component and
Actual cost as given below:
A. Coal Price – C&F price of US$ 179.00 (firm US Dollar rate per Metric Tonne (PMT)
converted into Indian Rupees on the basis of applicable exchange rate.
B. Fixed Component – Stevedoring, Handling, Clearing & Forwarding charges & MMTC
Ltd’s Service Charges @ Rs 35/‐ per Metric Tonne
C. As per Actuals – Customs Duty, Railway Freight, Insurance Charges, Sales tax/VAT
and other statutory duties & Port charges
The technical specifications of imported coal as per agreement are given below:
Table: Technical Specifications of Imported Coal
Parameter Unit Acceptable RangeTotal Moisture % 10‐20 max
Ash % 8‐20'Fixed Carbon % 30‐50 typicalVolatile Matter % 25‐45
Sulphur % 0.70 ‐ 0.90 MaxGross Calorific Value kcal/kg 5800 ‐ 6500
HGI ‐ 45‐60Size mm 0‐50
The price basis of imported coal is as follows
• Gross Calorific Value – 6300 kcal/kg • Total Moisture – 16% • Ash – 10% • Sulphur – 0.8%
It may be appreciated that imported coal although has a better GCV than domestic coal,
however, the price of imported coal and its calorific value vis‐à‐vis the price and GCV of
domestic coal are not linearly proportional. The same effectively means that usage of
PANKI_MYT Petition for Determination of Tariff Page 22
imported coal will essentially lead to increase in cost of generation of the plant. The
decision for usage of imported coal is not based on the cost‐benefit analysis but is rather an
outcome of the limitations of choice which is purely beyond the control of the Petitioner
1.12 Incentive
The Petitioner would be raising bills for recovery of incentive for which it is entitled to in
terms of the Tariff regulations of the Commission for the control period of FY 2009‐10 to
FY 2013‐14. Accordingly, for the same the Petitioner is not making any specific submission
1.13 Taxes on Income
The tariff regulations issued by the Commission provides that tax on the income streams of
the generating company from its core business shall be computed as an expense and shall
be permitted to be recovered. The income tax shall be recovered through the mechanism of
tax escrow account.
1.14 Milestones achieved in FY 200809
The Petitioner has tried to improve its performance with overall concerted efforts. There
have been some significant milestones achieved in FY 2008‐09 which the Petitioner has
presented in the table below:
S. No. Particulars Milestone Achieved
Date
1 Highest ever generation on a single day 76.545 MU 21st Feb 2009
2 Highest ever PLF on a single day 79.10% 21st Feb 2009
3 Highest ever peak Load 3257 MW 22nd Feb 2009 03.00 hrs
4 Highest ever monthly generation 2189.068 MU Jan‐095 Highest ever monthly PLF 73.16% Jan‐09
6 Highest ever monthly generation achieved by 3X210 MW Anpara ‘A’ TPS 464.129 MU Jan‐09
7 Highest ever monthly PLF achieved by 3X210 MW Anpara ‘A’ TPS 99.02% Jan‐09
PANKI_MYT Petition for Determination of Tariff Page 23
2. ANNUAL REVENUE REQUIREMENT & MULTIYEAR TARIFF PETITION
OF ‘PANKI TPS’
The following sections detail the Annual Revenue Requirement and Tariff Petition of
PankiTPS for the five year control period of FY 2009‐10 to FY 2013‐14
2.1. Annual Capacity (Fixed Charges) Charges
As per tariff regulations the annual capacity (fixed) charges consist of
a. Interest on Loan Capital
b. Depreciation including Advance against Depreciation
c. Return on Equity
d. Operation and maintenance expenses including insurance and
e. Interest on Working Capital
f. Compensation Allowance
2.1.1. Gross Fixed Assets
In the Tariff Petition for FY 2008‐09, the Petitioner had submitted detailed asset wise list of
its fixed assets upto FY 2006‐07. Further in the course of finalization of tariff order for FY
2008‐09, additional submissions were made by the Petitioner whereby it had provided the
Provisional Gross fixed assets value for FY 2007‐08.
The statutory audit of the financial statements of the Petitioner for FY 2007‐08 was
completed on July 21, 2009. Based on such audited financial statements upto FY 2007‐08 &
the provisional financial statements for FY 2008‐09, the summary of year wise Gross Fixed
Asset values is as per table below
PANKI_MYT Petition for Determination of Tariff Page 24
Table: Gross Fixed Assets Summary FY 2004FY2009 (Rs in Crs)
(All figures in Rs Crs)
Power StationFY 04 Audited
FY 05 Audited
FY 06 Audited
FY 07 Audited
FY 08 Audited
FY 09 Provisional
Anpara 'A' 778 780 791 797 808 813
Anpara 'B' 4706 4708 4712 4713 4725 4730
Obra 'A' 113 113 113 113 155 262
Obra 'B' 478 484 485 485 485 485
Harduaganj 250 250 271 274 274 274
Panki 153 161 161 172 173 174
Parichha 209 211 223 225 222 222
Parichha Extn. 0 0 0 832 1705 1710
Total 6687 6706 6755 7610 8547 8669
For the purpose of this MYT Petition, the Petitioner has considered the opening Gross Fixed
Assets for FY 2009‐10 on the basis of Provisional Accounts of FY 2008‐09 and Audited
Accounts for FY 2007‐08. Further, Gross Fixed Assets for each of the plants is projected
based on the capitalization plan for the control period of FY 2009‐10 to FY 2013‐14. The
details of such capitalization have been shown in the specific formats annexed to this
petition. The R&M/Refurbishment & Up‐rating schemes have been discussed in the
foregoing sections.
Table: Panki TPS Gross Fixed Assets Summary FY 200910 to FY 201314
(All figures in Rs Crs)
Power Station FY 10 FY 11 FY 12 FY 13 FY 14
Opening GFA 174.18 174.77 174.77 443.92 724.77
Captalisation during the Year 0.59 ‐ 269.15 280.85 ‐
Closing GFA 174.77 174.77 443.92 724.77 724.77
PANKI_MYT Petition for Determination of Tariff Page 25
2.1.2. Interest on Loan Capital
GoUP vide transfer scheme notification dated 25th January 2001 had transferred the
following loans to the Petitioner
Table: Loans Received in Transfer Scheme
Generic Loans Rs Crs
Public Bonds 470.27
IDBI ‐ Deferred Credit 60.77
LIC Loan 453.75
PFC Loans 74.83
CEA ‐ GoI Loan 20.33
Foreign Currency Loan 218.12
Total 1298.07
(Note: Out of the above Bonds and one PFC Loan of Obra Crash are still due)
In the month of March 2008, the Petitioner has settled its LIC loan liability. In a One‐time
Settlement, LIC has accepted Rs 500 crores to liquidate its long standing debt. PFC has
provided financing of this amount at monthly repayment of Rs 4.167 crore over 120
installments. This has substantially optimized the interest cost of the Petitioner. Further a
Hudco Loan (Generic) totalling Rs 100 crs was also added in FY 2004‐05 & FY 2005‐06
The Opening Balance of Generic Loans as on April 1, 2009 is as per table below:
Table : Station wise Opening Balances of Generic Loans as on April 1, 2009
(All figures in Rs Crs) Financial Institution
Anpara A Anpara B Obra A Obra BHarduaganj
Panki Parichha Total
Public Bonds 17.99 105.17 3.45 10.79 6.10 3.84 4.95 152.28
HUDCO 1.57 9.20 0.30 0.94 0.53 0.34 0.43 13.32
PFC‐LIC OTS 53.18 310.78 10.19 31.87 18.01 11.35 14.62 450.00
UP Govt. Loan 25.89 151.31 4.96 15.52 8.77 5.52 7.12 219.09
Total 98.63 576.46 18.91 59.12 33.41 21.05 27.11 834.69
PANKI_MYT Petition for Determination of Tariff Page 26
The Petitioner reiterates that it had inherited a portfolio of loans from erstwhile UPSEB and
station/project wise allocation of loans was not provided in the transfer scheme.
Considering the above, the loans have been allocated to various projects considering the
following principles
• The loans which are clearly identifiable with the project have been assigned to the
project only
• The loans which are not identifiable directly with the project have been allocated
among plants in the ratio of their GFA balance
All loans except the loans from PFC are corporate loans and are not associated with any
plant. Loan balances along with interest cost of these loans have been allocated among
existing plants in the ratio of their GFA balances. There is one PFC loan No 08104005 (Obra
Crash) which was received in transfer scheme. The same has been allocated among Obra A
and Obra B based on their GFA balances. None of the corporate loans have been allocated to
Parichha Extn (2x210 MW). The PFC loan of Rs 500 cr (LIC‐OTS) and its interest cost has
been allocated among all existing plants except Parichha Extn in the ratio of GFA balances,
as this loan has been taken to extinguish a prior debt.
The petitioner has continued with this approach for allocation of interest expenses for such
common loans for the control period.
The Petitioner takes Project Loans from PFC to fund its capacity addition & R&M scheme
loans. Loans from PFC are project specific and these loans have been added to the
allocation of the corporate loans to arrive at the total loans as well as interest cost for each
plant. Actuals loan drawls upto June 2009 have been taken into account for the Interest
calculations. For computation of interest charges the Petitioner has considered the actual
interest rate wherever the rate of interest is fixed as per loan agreement & in cases where
the interest rate is flexible the SBI PLR as on 01.04.2009 of 12.25% has been considered
The plant wise details of all the existing and new scheme loans are provided in the relevant
forms prescribed by the Commission. However a summary of the generic and corporate
loan balances, drawls and repayments along with Interest cost is summarized in Table
below
PANKI_MYT Petition for Determination of Tariff Page 27
Table: Panki TPS Summary of Interest on Loan for the Control Period (All figures in Rs Crs)
Particulars FY 09 FY 10 FY 11 FY 12 FY 13 FY 14Generic LoansHUDCOOpening Balance 1.01 0.34 ‐ ‐ ‐ ‐ Less: Repayment 0.67 0.34 ‐ ‐ ‐ ‐ Closing Balance 0.34 Interest 0.09 0.03 ‐ ‐ ‐ ‐ Public BondsOpening Balance 5.46 3.84 2.10 1.05 ‐ ‐ Less: Repayment 1.62 1.74 1.05 1.05 ‐ ‐ Closing Balance 3.84 2.10 1.05 Interest 0.52 0.33 0.18 0.10 ‐ ‐ UP Govt. LoanLoan Balance 5.52 5.52 5.52 5.52 5.52 5.52 Interest 0.89 0.96 0.96 0.96 0.96 0.96 PFC LIC OTSOpening Balance 12.61 11.35 10.09 8.83 7.56 6.30 Less: Repayment 1.26 1.26 1.26 1.26 1.26 1.26 Closing Balance 11.35 10.09 8.83 7.56 6.30 5.04 Interest 1.39 1.27 1.12 0.98 0.82 0.67 Project SpecficPFC
Loan No. 8304010 (R&M)
Opening Loan 12.21 10.77 9.34 7.90 6.46 5.03 Less: Repayment 1.44 1.44 1.44 1.44 1.44 1.44 Closing Balance 10.77 9.34 7.90 6.46 5.03 3.59 Interest 0.83 0.79 0.68 0.58 0.48 0.37 Proposed Uprating for U#3 & 4 (2x105MW)
Opening Loan ‐ ‐ ‐ 176.00 352.00 429.00 Add: Drawal ‐ ‐ 176.00 176.00 88.00 ‐ Less: Repayment ‐ ‐ ‐ ‐ 11.00 44.00 Closing Balance 176.00 352.00 429.00 385.00 Interest ‐ ‐ ‐ 1.68 41.20 50.54 SummaryTotal LoansOpening Loan 36.81 31.82 27.05 199.30 371.55 445.86 Add: Drawals ‐ ‐ 176.00 176.00 88.00 ‐ Less: Repayment 4.99 4.77 3.75 3.75 13.70 46.70
Closing Balance 31.82 27.05 199.30 371.55 445.86 399.16
Interest 3.72 3.37 2.94 4.29 43.45 52.53
PANKI_MYT Petition for Determination of Tariff Page 28
2.1.3. Depreciation including Advance Against Depreciation
2.1.3.1. Depreciation
It is noteworthy to mention that the Hon’ble Commission had considered Average Rate of
Depreciation @ 3.54% for Obra A, Obra B, Harduaganj & Panki and 3.56% for Panki,
Anpara B & Parichha Extn in the MYT order for 2005‐06 to 2007‐08. At that time the asset
wise break up of gross fixed assets was not provided by the Petitioner.
However in the tariff petition for FY 2008‐09 the Petitioner had provided detailed asset
wise list of Gross Fixed Asset for each plant. Even though such list was submitted, the
Hon’ble Commission considered average rate of depreciation at 3.54% & 3.56% in the
Tariff order for the Petitioner of FY 2008‐09.
The Petitioner reiterates that the detailed asset wise list is now available with the Hon’ble
Commission. Such values are in accordance with the audited financial statements of the
Petitioner. The rates of depreciation prescribed by the Hon’ble Commission in Appendix 2
of the Generation Tariff Regulations prescribe different depreciation rates for different
assets. In such circumstances it would only be fit to consider station wise depreciation
calculated at the rates prescribed in Appendix 2 for different asset classes and not at the
average rate.
The value of Gross Fixed Assets has been discussed in foregoing sections. The Petitioner
has calculated station wise depreciation, on the Gross Fixed Asset (GFA) value of all the
plants owned by it, at the rates specified in the Appendix 2 of Generation Tariff Regulations
2009.
PANKI_MYT Petition for Determination of Tariff Page 29
Table: Panki TPS Depreciation Summary for the Control Period (All figures in Rs Crs)
GFA Dep GFA Dep GFA Dep GFA Dep GFA DepLand & Land Rights 0.00% 1.5 ‐ 1.5 ‐ 1.5 ‐ 1.5 ‐ 1.5 ‐ Land Owned Under Full Title 0.00% 0.1 ‐ 0.1 ‐ 0.1 ‐ 0.1 ‐ 0.1 ‐ Land Heled Under Lease 0.00% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Buldings 3.60% 74.6 2.7 74.6 2.7 74.6 2.7 74.6 2.7 74.6 2.7 Bldgs‐Thermao‐Elect.Gene.Plant 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Office Buldings 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Residential Coloney For Staff 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Other Building 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Hydraulic Workes 3.60% 3.4 0.1 3.4 0.1 3.4 0.1 3.4 0.1 3.4 0.1 Other Civil Work 3.60% 7.6 0.3 7.6 0.3 7.6 0.3 7.6 0.3 7.6 0.3 Plant & Machinery 3.60% 49.8 1.8 49.8 1.8 210.3 7.6 377.8 13.6 377.8 13.6 Boiler Plant & Equipment 3.60% 22.1 0.8 22.1 0.8 93.3 3.4 167.6 6.0 167.6 6.0
Turbine Gen. Steam Pwr Gene. 3.60% 3.0 0.1 3.0 0.1 12.7 0.5 22.8 0.8 22.8 0.8
Auxilaries In Steam Pwr Plant 3.60% 3.4 0.1 3.4 0.1 14.2 0.5 25.4 0.9 25.4 0.9 Coal Handling Plant & Handlg Eqpt 3.60% 4.5 0.2 4.5 0.2 18.9 0.7 33.9 1.2 33.9 1.2
Plt‐Foundtn Hydel Pwr‐Gene‐Plt 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Trans Plt Tranfs Rating 100Kva 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Materials Handlg Eqpt‐Earth Hover 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Switch Gear Incdg Cable Connts 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Batteries Inclu. Charg Eqpt 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Commu. Eqpt Teleph. & Tele 3.60% 0.0 0.0 0.0 0.0 0.1 0.0 0.2 0.0 0.2 0.0 Tools & Tackles 3.60% 0.2 0.0 0.2 0.0 0.6 0.0 1.2 0.0 1.2 0.0 Other Misc. Eqpt. 3.60% 0.6 0.0 0.6 0.0 2.6 0.1 4.6 0.2 4.6 0.2 Lines Cable Network Etc. 3.60% 2.8 0.1 2.8 0.1 2.8 0.1 2.8 0.1 2.8 0.1 Vehicles 0.00% 0.3 ‐ 0.3 ‐ 0.3 ‐ 0.3 ‐ 0.3 ‐ Vehicles 18.00% 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Heavy Vehicles 18.00% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Jeeps & Moter Cars 18.00% 0.1 0.0 0.1 0.0 0.1 0.0 0.1 0.0 0.1 0.0 Others Vehicles 18.00% 0.2 0.0 0.2 0.0 0.2 0.0 0.2 0.0 0.2 0.0 Furnitures & Fixtures 0.00% 0.1 ‐ 0.1 ‐ 0.1 ‐ 0.1 ‐ 0.1 ‐ Furnitures & Fixtures 6.00% 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Furnitures & Fixtures Used In Hotel Restrnt. Bording House , Scol., Coll., Lib. & Meeting Hall
6.00% 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Office Eqpt 0.00% 0.2 ‐ 0.2 ‐ 0.2 ‐ 0.2 ‐ 0.2 ‐ Office Eqpt. 6.00% 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Photostat Mach. 6.00% 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Computer 6.00% 0.1 0.0 0.1 0.0 0.1 0.0 0.1 0.0 0.1 0.0 Other 6.00% 0.1 0.0 0.1 0.0 0.1 0.0 0.1 0.0 0.1 0.0 Capital Spares Genrating Stations (95%) 3.60% 0.2 0.0 0.2 0.0 0.2 0.0 0.2 0.0 0.2 0.0
Total 175 6 175 6 444 16 725 26 725 26
FY 10Particulars
Dep. Rate
FY 11 FY 12 FY 13 FY 14
PANKI_MYT Petition for Determination of Tariff Page 30
2.1.3.2. Advance against depreciation (AAD)
Depreciation is provided as replacement cost of assets. Advance against Depreciation is
provided to generator to ensure that he has enough cash resources to meet the loan
repayment liability.
CERC in its CERC (Terms and Conditions of Tariff) Regulations 2009 have withdrawn the
concept of Advance Against Depreciation and have increased the depreciation rates as per
Appendix III to the notified regulations. The rates of depreciation for the first 12 years of a
plant from the date of commercial operation would be 5.28% and 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.
UPERC in the Draft generation regulations have retained the concept of Advance Against
Depreciation. Para 21 (ii) (b) of the Generation Tariff Regulations 2009 provide for
Advance Against Depreciation –
“In addition to allowable depreciation, the generating company shall be entitled to
Advance Against Depreciation, computed in the manner given hereunder:
AAD = Loan repayment amount as per regulation 21 (i) subject to a ceiling of
1/10th of loan amount as per regulation 20 minus depreciation as per schedule
Provided that Advance Against Depreciation shall be permitted only if the cumulative
repayment up to a particular year exceeds the cumulative depreciation up to that year;
Provided further that Advance Against Depreciation in a year shall be restricted to the
extent of difference between cumulative repayment and cumulative depreciation up to
that year”
Advance Against Depreciation makes available funds to meet loan repayment in the years
where normative depreciation is lower than loan repayment. The funding pattern of the
Petitioner’s loans for capacity additions & R&M schemes is 70:30 debt to equity (in some
cases it varies upto 80:20 also) which is in line with the prescribed debt equity ratio in
tariff regulations. However, the tenure of loan which the Petitioner has tied up, ranges from
10 to 12 years. As against this, the depreciation allowed is at an amortization rate which
PANKI_MYT Petition for Determination of Tariff Page 31
assumes a life cycle of a plant of 25 years. This brings consequential matching difference
between loan repayment liability & depreciation allowed in the initial years.
The following table highlights the matching difference between the allowable depreciation
and repayment schedule
Particulars Value to be amortized No of years Annual Value
Depreciation 90% (balance 10% residual value)
25 years (useful life) 90%/25 = 3.60%
Loan 70% (Normative Debt)
10 years (loan repayment 70%/10 = 7.00%
The First Generation Tariff Regulations were implemented from FY 2005‐06. As such the
cumulative depreciation claimed in tariff before FY 2005‐06 could not be determined. The
Petitioner has inherited many generic loans from the erstwhile UPSEB and hence the
cumulative repayments also cannot be determined. Hence Advance Against Depreciation is
not being claimed by the Petitioner against any old loans.
The Petitioner has many new capacity addition plans and implementing various R&M /
Refurbishment & Up‐rating schemes for its power stations which are under various stages
of development. For such schemes it has contracted loans from PFC to fund such schemes.
The loan repayment tenure of such loans varies from 10‐12 years whereas depreciation
available against such capitalizations in only around 3.60%.
In the following table the Petitioner has provided the calculation of advance against
depreciation for the power station. AAD has been calculated as per the prescription of
generation tariff regulations w.r.t. to the depreciation related to capitalization of new
project loans/ additional capitalization of R&M scheme and repayment related to such new
project loan/ R&M scheme loan only
PANKI_MYT Petition for Determination of Tariff Page 32
Table: Panki TPS Advance Against Depreciation for the Control Period
(All figures in Rs Crs)
Particulars FY 10 FY 11 FY 12 FY 13 FY 14
Capital Cost ‐ ‐ 269.15 550.00 550.00
Gross Loan Amount ‐ ‐ 440.00 440.00 440.00
1/10th of Loan ‐ ‐ 44.00 44.00 44.00
Repayment ‐ ‐ ‐ 11.00 44.00
Dep. Charged ‐ ‐ 0.81 15.59 19.80
Cum. Repayment ‐ ‐ ‐ 11.00 55.00
Cum. Depreciation ‐ ‐ 0.81 16.39 36.19
AAD 18.81
2.1.4. Return on Equity
At the time of transfer scheme the equity which stood in the books of UPRVUNL was Rs
252.805 crores. GoUP vide transfer scheme notification dated 25th January 2001 had
provided equity of Rs 1,511.44 crores to the Petitioner.
The equity received in transfer scheme of Rs 1,511.44 and Rs 252.805 crores equity
pertaining to UPRVUNL equity as on 14.01.2000 has been allocated among existing plants
except Parichha Extn in the ratio of their GFA balances.
Table: Allocation of Common Equity
(All figures in Rs Crs)
Power Station FY 00 FY 01
Anpara 'A' 29.48 176.26
Anpara 'B' 178.35 1066.29
Obra 'A' 4.28 25.60
Obra 'B' 17.90 106.99
Harduaganj 9.48 56.66
Panki 5.56 33.24
Parichha 7.76 46.40Total 252.81 1511.44
PANKI _MYT Petition for Determination of Tariff Page 33
The year wise plant wise total equity employed is given in the table below: Table – Yearwise Equity Employed
(All figures in Rs. Crores) Heads FY 00 FY 01 FY 02 FY 03 FY 04 FY 05 FY 06 FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14
UPRVUNL Own Equity 253 253 253 253 253 253 253 253 253 253 253 253 253 253 253 Equity received in Transfer Scheme 1,511 1,511 1,511 1,511 1,511 1,511 1,511 1,511 1,511 1,511 1,511 1,511 1,511 1,511
Anpara 'A' ‐ ‐ ‐ ‐ ‐ ‐ 3 14 14 14 70 155 171 171 171
Anpara 'B' ‐ ‐ ‐ 33 33 34 34 34 34 34 87 173 173 173 173
Obra 'A' ‐ ‐ ‐ ‐ ‐ ‐ 81 110 110 110 110 146 146 146 146
Obra 'B' ‐ ‐ ‐ ‐ ‐ ‐ ‐ 95 245 317 327 327 327 327 327
Harduaganj ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 16 76 106 106 106 106 106 Panki ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 100 110 110 110 110 Parichha ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 23 55 55 55 55 Parichha Extn (2x210 MW) ‐ ‐ ‐ ‐ ‐ ‐ 277 343 343 343 365 365 365 365 365 Parichha Extn (2x250MW) ‐ ‐ ‐ ‐ ‐ ‐ ‐ 107 307 505 570 707 707 707 707 Harduaganj Extn (2x250MW) ‐ ‐ ‐ ‐ ‐ ‐ ‐ 100 300 442 517 782 782 782 782 Anpara D ‐ ‐ ‐ ‐ ‐ ‐ ‐ 18 418 611 1,020 1,020 1,020 1,020 1,020 ESP Installation (CREP works) ‐ ‐ ‐ ‐ ‐ ‐ ‐ 10 50 93 123 123 123 123 123 Obra C ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 345 345 345 345 345 Panki Extn ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 85 85 85 85 85 Harduaganj Extn 2 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 170 170 170 170 170 Fatehpur ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 50 50 50 50 50 Anpara C ‐ ‐ ‐ ‐ ‐ ‐ 1 1 1 1 1 1 1 1 1 Equity for Coal Dues ‐ ‐ ‐ ‐ ‐ 334 334 334 334 334 334 334 334 334 334
Total 253 1,764 1,764 1,797 1,797 2,133 2,495 2,931 3,937 4,645 6,167 6,817 6,833 6,833 6,833 (Note: The equity additions in control period for plants under development stage like Anpara D, Obra C, Fatehpur, Panki Extn, Harduaganj Extn etc have not been projected for the purpose of above table. However upto FY 2008‐09 the actual equity employed has been taken into account)
PANKI _MYT Petition for Determination of Tariff Page 34
Further, the year‐wise equity employed along with the nature of scheme under which it has
been received is given in table below:
Table – Unit wise Equity Employed (All figures in Rs Crs)
Particulars FY 06 FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14
Allocation of UPRVUNL own Equity 6 6 6 6 6 6 6 6 6
Allocation of Transfer Scheme Equity 33 33 33 33 33 33 33 33 33
Up‐Rating of U#3 & 4 ‐ ‐ ‐ ‐ 100 110 110 110 110
Total 39 39 39 39 139 149 149 149 149
As per the Generation Tariff Regulations, equity would be eligible for return when the asset
is commissioned. Based on the commissioning & capitalization programme which has been
discussed in foregoing sections, the table below provides the summary of equity base
eligible for return and the Return on Equity claimed by the petitioner for the control
period:
Table: Return on Equity for the Control Period (FY 200910 to FY 201314)
(All figures in Rs Crs)
Particulars FY 10 FY 11 FY 12 FY 13 FY 14
Equity Base 39 39 94 149 149
ROE (%) 15.5% 15.5% 15.5% 15.5% 15.5%
Return on Equity (Rs. Cr.) 6.01 6.01 14.54 23.06 23.06
PANKI _MYT Petition for Determination of Tariff Page 35
2.1.5 Operation & Maintenance Expenses
2.1.5.1 Base O&M Expenses
Para 21 (iv) of UPERC (Terms & Conditions of Generation Tariff) Regulations 2009 deals
with the allowance of O&M expenses. The Hon’ble Commission in the generation tariff
regulations – Para 21 (iv) (b) have prescribed the O&M expenses based on the levels
approved in FY 2008‐09 escalated at 5.72% annually for the control period for Obra A,
Obra B, Panki, Harduaganj & Parichha TPS. Para 21 (iv) (a) prescribes norms for all other
stations. Based on prescription of Para 21 (iv) (b) the O&M expenses allowed for the power
station is as per table below:
Table: Base O&M expense for the Control Period
Financial YearCapacity (MW)
Rate (Rs lakh / MW)
Amount (Rs Crs)
FY 2010 210 31.8 66.8FY 2011 210 33.7 70.7FY 2012 225 35.6 80.0FY 2013 240 37.6 90.3FY 2014 240 39.8 95.4
2.1.5.2 Impact of Pay Revision
The Hon’ble Commission has prescribed the mechanism for factoring in, the impact of Pay
Revision in Para 21 (iv) (d) of Generation Tariff Regulations–
“The expenses on regulatory fee, payment to pollution control board, fringe benefit tax,
impact of pay revision, cost of water and water cess shall be paid additionally at
actuals”
Pay Revision Arrears from 1st Jan 2006 upto FY 200809
The Petitioner has finalized the Pay Revision for its employees during the last quarter of FY
2008‐09. Such pay revision is implementable from 1st January 2006. However the payment
structure is spread across a number of financial years.
PANKI _MYT Petition for Determination of Tariff Page 36
Financial prudence requires the Petitioner to recognize the pay revision liabilities in its
financial statements even though the payment is structured in future years.
Para 17 (a) of Accounting Standards‐1 Disclosure of Accounting Policies, issued by the
Accounting Standards Board of the Institute of Chartered Accountants of India lay –
“Prudence In view of the uncertainty attached to future events, profits are not
anticipated but recognised only when realised though not necessarily in cash.
Provision is made for all known liabilities and losses even though the amount cannot
be determined with certainty and represents only a best estimate in the light of
available information”
The Petitioner has calculated the power station wise impact of provision for arrears of pay
revision for the years 2005‐06, 2006‐07, 2007‐08 & 2008‐09. In compliance with AS‐1, the
Petitioner has recognized the liabilities of arrears of pay revision from 01.01.2006 to
31.03.2009 in the financial statements of FY 2008‐09. Accordingly the Petitioner has made
a provision of Rs 261.71 crs in the financial statements of FY 2008‐09. The year wise and
power station‐wise liabilities due to pay revision arrears are given in table below:
Table: Liabilities of Arrears due to Pay Revision (All figures in Rs Crs)
Particulars FY 2006 FY 2007 FY 2008 FY 2009 Total
Salaries (before15.01.2000) 1.63 6.57 7.06 8.94 24.20
Salaries (after15.01.2000) 0.15 0.61 0.61 0.85 2.22
Pension & Gratuity (@19.08%) 0.31 1.25 1.35 1.71 4.62
CPF (@10%) 0.02 0.06 0.06 0.08 0.22
Salary of CISF Personnel 0.15 0.60 0.60 0.25 1.61
Total 2.26 9.10 9.69 11.82 32.88
Note: The liabilities of arrears of pay revision, of employees at Headquarter have been
allocated to the power stations.
The Petitioner requests the Hon’ble Commission to allow the Petitioner to raise such bills
of arrears of pay revision to UPPCL. It would entail matching of revenue with the
expenditure in the financial statements.
PANKI _MYT Petition for Determination of Tariff Page 37
Yearly Pay Revision Impact The hike in salary bill due to pay revision is being paid regularly from April 1, 2009. Only
the payment of Arrear of Pay revision from 01.01.2006 to 31.03.2009 has been structured
for payment in the future years.
The Petitioner has calculated the power station wise impact of provision for arrears of pay
revision for the years 2005‐06, 2006‐07, 2007‐08 & 2008‐09. Accordingly the Petitioner
requests the Hon’ble Commission to allow the additional impact in future years based on
the provision of FY 2008‐09 escalated at 7.5% per year to account for the semi‐annual hike
in D.A . Any further adjustment would be sought by the Petitioner in compliance with Para
21 (iv) (b) ‐
“Provided that Obra A, Obra B, Panki, Parichha and Harduaganj may approach the
Commission for adjustment in O&M expenses only on account of establishment
expenses, insurance charges and repair and maintenance based on annual audited
financial statements and prudence check.”
2.1.5.3 Projected O&M Expenses
The overall projection of O&M expenses for the years 2009‐10 to 2013‐14 is provided
below
Table: Total Projected O&M Expenses for the Control Period (All figures in Rs Crs)
Particulars FY 09 FY 10 FY 11 FY 12 FY 13 FY 14
Impact of Pay Revision Arrears from FY 2005‐06 to FY 2008‐09 32.88
Normal O&M 66.84 70.67 80.04 90.26 95.43
Yearly Pay revision impact 12.71 13.66 14.69 15.79 16.98
Total 32.88 79.55 84.33 94.73 106.06 112.40
PANKI _MYT Petition for Determination of Tariff Page 38
2.1.6 Compensation Allowance
Para 21 (iv) (e) of the Generation Tariff Regulations 2009 prescribe a separate
compensation allowance unit‐wise to meet expenses in nature of capital expenditure on
replacement of minor assets based on the life of the station.
The following table summarizes the Petitioner’s entitlement for Compensation allowance:
Table: Unitwise Compensation Allowance for the Control Period (All figures in Rs Crs)
Unit No.Derated Capacity (in MW)
Date of Commercial Operation
Age of Plant as on
31.03.2009 (In Yrs)
FY 10 FY 11 FY 12 FY 13 FY 14
3 29‐Jan‐77 32.19 0.68 0.68 0.78 0.78 0.78
4 29‐May‐77 31.86 0.68 0.68 0.68 0.78 0.78
1.37 1.37 1.46 1.56 1.56
PANKI _MYT Petition for Determination of Tariff Page 39
2.1.7 Interest on Working Capital
The Petitioner has worked out the working capital requirement based on the normative
parameters prescribed in Para 21 (v) of the Generation Tariff Regulations 2009. The rate of
interest has been taken at 12.25% being the Prime Lending Rate of the State Bank of India
on April 1, 2009. (A copy of the documentary proof to this effect in the form of
communication from State Bank if India is attached as Exhibit B)
The Hon’ble Commission in Note to Para 6.2.3 of the FY 2008‐09 Tariff Order for the
Petitioner had stated that the amount recoverable under Finance & Bank charges, water
cess, payment to Pollution Control Board, Regulatory fee etc and impact of pay revision
would not be accounted for the purpose of interest on working capital.
In this reference, the Petitioner would like to state that the annual impact starting from FY
2009‐10 (and not the impact of arrear from 01.01.2006 to 31.03.2009) of pay hike should
be accounted for in the calculation of working capital requirement.
Based on the above premise & taking into account the annual impact of pay hike, the
computation of interest on working capital for the control period for kind consideration
and approval of the Hon’ble Commission are as per table below:
Table: Interest on Working Capital for the Control Period (All figures in Rs Crs)
Particulars FY 10 FY 11 FY 12 FY 13 FY 14
Working Capital 117.74 124.26 143.25 170.08 185.28
Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%
Interest on Working Capital 14.42 15.22 17.55 20.83 22.70
PANKI _MYT Petition for Determination of Tariff Page 40
2.1.8 Summary of Annual Capacity (Fixed) Charges
In view of the above submissions, the fixed cost of the Petitioner’s Panki TPS for the control
period under consideration works out at as under:
Table: Summary of Annual Capacity (Fixed) Charges for the Control Period (All figures in Rs Crs)
Particulars FY 10 FY 11 FY 12 FY 13 FY 14
Interest on Loan 3.37 2.94 4.29 43.45 52.53
Depreciation 6.25 6.25 15.94 26.05 26.05
Advance against Depreciation 0.00 0.00 0.00 0.00 18.81
Return on Equity 6.01 6.01 14.54 23.06 23.06
O&M Expenses 79.55 84.33 94.73 106.06 112.40
Compensation Allowance 1.37 1.37 1.46 1.56 1.56
IOWC 14.42 15.22 17.55 20.83 22.70
Total 110.98 116.12 148.51 221.02 257.11
Ex‐bus Energy Sent Out 982 1,001 1,092 1,189 1,233
Fixed Cost/Unit 1.13 1.16 1.36 1.86 2.09
Graph: Fixed Cost per unit in the Control Period
PANKI _MYT Petition for Determination of Tariff Page 41
2.2 Energy Charges
The following table highlights the normative parameters which the Hon’ble Commission
has prescribed for the control period of FY 2009‐10 to FY 2013‐14:
Table Normative Operating Parameters for the Control Period
Particulars Unit FY 10 FY 11 FY 12 FY 13 FY 14
Target Availability %65.00% 66.00% 67.00% 68.00% 70.00%
Target PLF %60.00% 61.00% 62.00% 63.00% 65.00%
Aux Energy Consumption %11.00% 10.80% 10.60% 10.20% 9.80%
Gross Station Heat Rate kCal/kWh3100 3070 3040 3010 2980
Specific Fuel Oil Cons ml/kWh2.50 2.40 2.30 2.20 2.10
NORMATIVE PARAMETERSAs Per Tariff Generation Regulations
for MYT FY10 to FY14
For the purpose of calculations of energy charges for FY 2009‐10, the average of the actual
GCV of coal and oil and actual cost thereof of the preceding three months (January to March
2009) has been taken for the purpose of calculations of energy charges. The Petitioner has
assumed an annual Escalation Rate of 5% in the price of fuels over the five year control
period starting from the financial year 2010‐11 upto FY 2013‐14
Energy charges for the control period have been projected based on the operating
parameters prescribed in the Generation Tariff Regulations. A summarized position of
energy charges proposed for the control period is given in Table below: (The details are
available in tariff filing formats prescribed by the Hon’ble Commission)
PANKI _MYT Petition for Determination of Tariff Page 42
Table: Calculation of Energy Charges for the Control Period
Description Unit 200910 201011 201112 201213 201314
Capacity MW 210 210 225 240 240
PLF % 60% 61% 62% 63% 65%
Gross Station Heat Rate Kcal/kWh 3100 3070 3040 3010 2980
Auxiliary Energy Consumption % 11.0% 10.8% 10.6% 10.2% 9.8%
Energy Generation ‐ Gross MU 1104 1122 1222 1325 1367
Auxiliary Energy Consumption MU 121 121 130 135 134
Ex‐bus Energy Sent Out MU 982 1001 1092 1189 1233
Specific Oil Consumption ml/kWh 2.50 2.40 2.30 2.20 2.10
Wt. Avg. GCV of Oil KCal/Lt 9440 9440 9440 9440 9440
Price of Oil Rs./KL 32761 34399 36119 37925 39822
Wt. Avg. GCV of Coal kCal/kg 3444 3444 3444 3444 3444
Price of Coal Rs./MT 2253 2366 2484 2608 2739
Heat Contribution from SFO Kcal/kWh 24 23 22 21 20
Oil Consumption KL 2759 2693 2811 2914 2870
Heat Contribution from Coal Kcal/kWh 3076 3047 3018 2989 2960
Specific Coal Consumption kg/kWh 0.89 0.88 0.88 0.87 0.86
Coal Consumption MMT 0.99 0.99 1.07 1.15 1.17
Total Cost of Oil Rs Cr 9.04 9.26 10.15 11.05 11.43
Total Cost of Coal Rs Cr 222.18 234.94 266.08 299.90 321.74
Total Fuel Cost Rs Cr 231.22 244.21 276.23 310.95 333.16
Rate of Energy Charge from Secondary Fuel Oil ex‐bus Paise/kWh 9.20 9.26 9.29 9.29 9.27
Rate of Energy Charge from Coal ex‐bus Paise/kWh 226.18 234.72 243.56 252.14 261.01
Rate of Energy Charge ex‐bus per kWh Paise/kWh 235.38 243.97 252.85 261.43 270.29
PANKI _MYT Petition for Determination of Tariff Page 43
Graph: Variable Cost per unit in the Control Period
2.2.1 Fuel Cost Adjustment
Regulation 22 (i) (ii) & (iii) of the Generation Tariff Regulations 2009, provide the mechanism for claiming the adjustment of rate of energy charges on account of variation in price and heat values of fuels.
“Initially, Gross Calorific Value of coal or gas or liquid fuel shall be taken as per actual of the preceding three months. Any variation shall be adjusted on month to month basis on the basis of Gross Calorific Value of coal or gas or liquid fuel received and burnt and landed cost incurred by the generating company for procurement of coal, oil, or gas or liquid fuel, as the case may be. No separate petition need to be filed with the Commission for fuel price adjustment. In case of any dispute, an appropriate application in accordance with Uttar Pradesh Electricity Regulatory Commission (Conduct of Business) Regulations 2004, as amended from time to time or any statutory reenactment thereof, shall be made before the Commission”
Accordingly the Petitioner would raise bills for recovery of Fuel Cost Adjustment.
TARIFF FILING FORMS (THERMAL
PANKI
AppendixI
PARTI
Form No. Title of Tariff Filing Forms (Thermal) Tick
FORM 1 Summary Sheet
FORM1A Calculation of Return on Equity
FORM2 Plant Characteristics
FORM3 Normative parameters considered for tariff computations
FORM 4 Details of Foreign loans
FORM5 Abstract of Admitted Capital Cost for the existing Projects
FORM5AAbstract of Capital Cost Estimates and Schedule of Commissioningfor the New projects
FORM5B Break‐up of Capital Cost for Coal based projects
FORM5C Break‐up of Capital Cost for Gas/Liquid fuel based Projects
FORM5D Break‐up of Construction/Supply/Service packages
FORM 6 Financial Package upto COD
FORM 7 Details of Project Specific Loans
FORM 8 Details of Allocation of corporate loans to various projects
FORM9 Statement of Additional Capitalisation after COD
FORM 10 Financing of Additional Capitalisation
FORM 11 Statement of Depreciation
FORM 12 Calculation of Depreciation Rate
FORM 13 Calculation of Weighted Average Rate of Interest on Actual Loans1
FORM 13A Calculation of Interest on Loans
FORM 14 Calculation of Advance Against Depreciation (AAD)
FORM 15 Calculation of Interest on Working Capital
FORM 16 Draw Down Schedule for Calculation of IDC & Financing Charges
FORM17 CALCULATION OF OPERATION AND MAINTENANCE EXPENSES
FORM18 DETAILS OF OPERATION AND MAINTENANCE EXPENSES
FORM19 IDetails/Information to be Submitted in respect of Fuel forComputation of Energy Charges
FORM19 IIDetails/Information to be Submitted in respect of Fuel forComputation of Energy Charges
FORM 20 Computation of Energy ChargesOther Information/ Doc ments
Sl. No. Information/Document Tick
1
Certificate of incorporation, Certificate for Commencment ofBusiness, Memorandum of Association, & Articles of Association (For New Station setup by a company making tariff application for thefirst time to UPERC)
2Stationwise and Corporate audited Balance Sheet and Profit & LossAccounts with all the Schedules & annexures on COD of the Stationfor the new station & for the relevant years.
3 Copies of relevant loan Agreements
4Copies of the approval of Competent Authority for the Capital Costand Financial package.
5Copies of the Equity participation agreements and necessaryapproval for the foreign equity.
7 Copies of the BPSA/PPA with the beneficiaries, if any
8 Detailed note giving reasons of time and cost over run, if applicable.
9 Any other relevant information, (Please specify)
Checklist of Forms and other information/ documents for tariff filing for Thermal Stations
Name of the CompanyName of the Power Station :Region State: UTTAR PRADESH District: KANPUR
(Rs. Cr)S. No.
ParticularsExisting 200809
200910 201011 201112 201213 201314
1 2 3 4 5 6 7 8
1.1 Depreciation FORM‐ 11 6.23 6.25 6.25 15.94 26.05 26.05
1.2 Interest on Loan FORM‐ 13A 3.72 3.37 2.94 4.29 43.45 52.53
1.3 Return on Equity FORM 1A 5.43 6.01 6.01 14.54 23.06 23.06
1.4 Advance against Depreciation FORM‐ 14 ‐ ‐ ‐ ‐ ‐ 18.81
1.5 Interest on Working Capital FORM‐ 15 16.90 14.42 15.22 17.55 20.83 22.70
1.6 O & M Expenses FORM‐18 85.81 79.55 84.33 94.73 106.06 112.40
1.7 Compensation Allowance * 1.37 1.37 1.46 1.56 1.56
Total 118.10 110.98 116.12 148.51 221.02 257.11
2.Calculation of Rate of Energy Charge(Rs./kWh)1
2.1Rate of Energy Charge from Primary Fuel (REC)p2
Paise/KWh 226.18 234.72 243.56 252.14 261.01
2.2 Rate of Energy Charge from Secondary Fuel (REC) Paise/KWh 9.20 9.26 9.29 9.29 9.27
2.3 Rate of Energy Charge ex‐bus(REC)3A,3B,3C Paise/KWh 235.38 243.97 252.85 261.43 270.29
* The detailed calculation of Compensation Allowance has been provided in the Text of the Petition as no separate form was prescribed for it.
Petitioner
PARTIFORM 1
1 Details of calculations, considering equity as per regulation, to be furnished.2 If multifuel is used simultaneously, give 2.1 in respect of every fuel individually.3A The rate of energy charge shall be computed for open cycle operation and combined cycle operation separatly in case of gas/liquid fuel fired plants.3B The total energy charge shall be worked out based on ex‐bus energy scheduled to be sent out in case of plants covered by ABT, and ex‐bus energy sent out in case of plants not covered by ABT, as the case may be.
Summary Sheet
After Stablisation
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
3C Any escalation in fuel cost to be considered for subsequent years or FPA to take care of the escalation.
PARTIFORM 1A
Calculation of Return on Equity
Name of the CompanyName of the Power Station :
(Rs. Cr)
S.No. Particulars 200506 200607 200708 200809 200910 201011 201112 201213 201314
1 2 3 4 5 6 7 8 9 10 111.1 Capital Cost 161.30 172.45 172.52 174.18 174.77 174.77 443.92 724.77 724.77
1.2 Notional Equity 38.80 38.80 38.80 38.80 38.80 38.80 93.80 148.80 148.80
1.3 Return on Equity (%) 14.00% 14.00% 14.00% 14.00% 15.50% 15.50% 15.50% 15.50% 15.50%
1.4 Return on Equity 5.43 5.43 5.43 5.43 6.01 6.01 14.54 23.06 23.06
Petitioner
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
Name of the Company
Name of the Power Station
Basic characteristics of the plant1
Special Features of the Plant
Site Specific Features2
Special Technological Features3
Environmental Regulation relatedfeatures4
Any other special features
Fuel Details5
Details(1) (2) (3) (4) (5) (6) (7) & so on
U‐1 U‐2 U‐3 U‐4 U‐5 U‐6 U‐7Installed Capacity (IC) 32 32 110 110Derated Capacity (MW) Deleted Deleted 105 105Date of Commercial Operation (COD) Oct‐67 Jul‐68 Jan‐77 May‐77Type of cooling system6
Type of Boiler Feed Pump7
3 Any Special Technological feature like Advanced class FA technology in Gas Turbines, etc.4 Environmental regulation related features like FGD, ESP etc.5 Coal or natural gas . 6 Closed circuit cooling, once through cooling, ie with/without cooling tower.7 Motor driven, Steam turbine driven etc.
Plant Characteristics
PARTIFORM2
Petitioner
UP RAJYA VIDYUT UTPADAN NIGAM LIMITED
PANKI
ELECTROSTATIC PRECIPITATORS IN BOTH 105 MW UNITS
NONE
ELECTRICAL DRIVEN
2 Any site specific feature such as Merry‐Go‐Round, , Intake /makeup water systems etc. scrubbers etc.Specify all such features.
COAL FO+ HSD
1 Describe the basic characteristics of the plant e.g. in the case of a coal based plant whehter it is aconventional steam generator or circulating fludized bed combustion generator or sub‐critical oncethrough steam generator etc.
Module number or Unit number
OIL COOLING SYSTEM
COAL BASED CONVENTIONAL STEAM GENERATOR
Primary Fuel Secondary Fuel Alternate Fuels
ONCE THROUGH CONDENSER COOLING SYSTEM
NONE
PARTI
FORM3
Name of the Company
Name of the Power Station
200910 201011 201112 201213 201314
(1) (2) (3) (4) (5) (6) (7)
Rate of Return on Equity % 15.50% 15.50% 15.50% 15.50% 16%Target Availability % 65.00% 66.00% 67.00% 68.00% 70.00%Target PLF % 60.00% 61.00% 62.00% 63.00% 65.00%Auxiliary Energy Consumption % 11.00% 10.80% 10.60% 10.20% 9.80%Gross Station Heat Rate kCal/kWh 3100 3070 3040 3010 2980Specific Fuel Oil Consumption ml/kWh 2.50 2.40 2.30 2.20 2.10O&M Cost Rs.Lakh/MW 31.83 33.65 35.58 37.61 39.76Cost of Coal for WC1 in Months 2 Months 2 Months 2 Months 2 Months 2 MonthsCost of Secondary Fuel Oil forWC1
in Months 2 Months 2 Months 2 Months 2 Months 2 Months
Fuel Cost for WC2 in Months NA NA NA NA NALiquid Fuel Stock for WC2 in Months NA NA NA NA NAO & M Expenses for WC in Months 1 month 1 month 1 month 1 month 1 monthMaintenance Spares for WC % 20 % of O&M 20 % of O&M 20 % of O&M 20 % of O&M 20 % of O&MRecievables for WC in Months 2 months 2 months 2 months 2 months 2 monthsPrime lending Rate of SBI as on01.04.2009 % 12.25% 12.25% 12.25% 12.25% 12.25%
Incentive Rate Paise / kWhAs per
Regulation 23(1) & 23(2)
As per Regulation
23(1) & 23(2)
As per Regulation
23(1) & 23(2)
As per Regulation
23(1) & 23(2)
As per Regulation
23(1) & 23(2)
1For Coal based generating stations
Petitioner
Normative parameters considered for tariff computations
Particulars
Year Ending March
2For Gas Turbine/Combined Cycle generating stations duly taking into account the mode of operation on gas fuel and liquid fuel
UP RAJYA VIDYUT UTPADAN NIGAM LIMITED
PANKI
Unit As Notified by UPERC
Name of the CompanyName of the Power StationExchange Rate at CODExchange Rate as on 31.03.2009
(Rs. Cr)Financial Year (Starting from COD)
1 2 3 4 5 6 7 8 9
DateAmount (Foreign Currency)
Exchange Rate
Amount (Rs.) Date
Amount (Foreign Currency)
Exchange Rate
Amount (Rs.)
Currency11
At the date of Drawl2Scheduled repayment date of principalScheduled payment date of interestAt the end of Financial year
Currency21
At the date of Drawl2
principalScheduled payment date of interestAt the end of Financial year
Currency31 & so on
At the date of Drawl2
principalScheduled payment date of interestAt the end of Financial year
1 Name of the currency to be mentioned e.g. US $, DM, etc. etc.2 In case of more than one drawl during the year, Exchange rate at the date of each drawl to be given.
Petitioner
NIL
PARTIFORM 4
Details of Foreign loans
200910 201011 to 201314
(Details only in respect of loans applicable to the project under petition)
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
PARTIFORM5
Name of the Company :Name of the Power Station :
Capital Cost as admitted by UPERC
Capital cost admitted as on________(Give reference of the relevant UPERCOrder with Petition No. & Date)
Foreign Component, if any (In Million US $or the relevant Currency)
Domestic Component (Rs. Cr.)
Foreign Exchange rate considered for theadmitted Capital cost
Total Capital cost admitted (Rs. Cr)
Petitioner
Abstract of Admitted Capital Cost for the existing Projects
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
NA
PETITION NO.
PARTIFORM5A
Name of the Company :Name of the Power Station :
New ProjectsCapital Cost Estimates
Board of Director/ Agency approving the Capitalcost estimates:Date of approval of the Capital cost estimates:
Price level of approved estimates
Foreign Exchange rate considered for theCapitalcost estimates
Capital Cost excluding IDC & FC
Foreign Component, if any (In Million US $ or therelevant Currency)
Domestic Component (Rs. Cr.)
Capital cost excluding IDC & FC (Rs. Cr)
IDC & FC
Foreign Component, if any (In Million US $ or therelevant Currency)
Domestic Component (Rs. Cr.)
Total IDC & FC (Rs.Cr.)
Rate of taxes & duties considered
Capital cost Including IDC & FC
Foreign Component, if any (In Million US $ or therelevant Currency)
Domestic Component (Rs. Cr.)
Capital cost Including IDC & FC (Rs. Cr)
Schedule of Commissioning
COD of Unit‐I/Block‐I
COD of Unit‐II/Block‐II
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
COD of last Unit/Block
Petitioner
Abstract of Capital Cost Estimates and Schedule of Commissioning for the New projects
Present Day Cost Completed Cost
As of End of ______Qtr. Ofthe year _________
As on Scheduled COD of theStation
NIL
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
NIL
PARTIFORM5B
Name of the Company :Name of the Power Station :
As per original Estimates
As on COD
(1) (2) (3) (4) (5) (6) (7)1.0 Cost of Land & Site Development 1.1 Land 1.2 Rehabitation & Resettlement (R&R)1.3 Preliminary Investigation & Site development
Total cost ( Land & Site Development) 2.0 Plant & Equipment
2.1 Steam Generator Island2.2 Turbine Generator Island2.3 BOP Mechanical2.3.1 External water supply system2.3.2 CW system2.3.3 DM water Plant 2.3.4 Clarification plant2.3.5 Chlorination Plant2.3.6 Fuel Handiling & Storage system2.3.7 Ash Handling System 2.3.8 Coal Handling Plant2.3.9 Rolling Stock and Locomotives2.3.10 MGR 2.3.11 Air Compressor System2.3.12 Air Condition & Ventilation System2.3.13 Fire fighting System2.3.14 HP/LP Piping
Total BOP Mechanical2.4 BOP Electrical2.4.1 Switch Yard Package2.4.2 Transformers Package2.4.3 Switch gear Package2.4.4 Cables , Cable facilities & grounding2.4.5 Lighting2.4.6 Emergency D.G. set
Total BOP Electrical
2.5 C & I PackageTotal Plant & Equipment excluding taxes &Duties
2.60 Taxes and Duties2.6.1 Custom Duty2.6.2 Other Taxes & Duties
Total Taxes & Duties
Total Plant & Equipment With Taxes &Duties3.0 Initial spares4.0 Civil Works4.1 Main plant/Adm. Building
Variation (Rs. Cr.)
Reasons for
Variation
Breakup of Capital Cost for Coal based projects
Admitted Cost (Rs.
Cr.)
Break Down Cost in Rs. Crores Sl.No.
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
NIL
As per original Estimates
As on COD
(1) (2) (3) (4) (5) (6) (7)
Variation (Rs. Cr.)
Reasons for
Variation
Admitted Cost (Rs.
Cr.)
Break Down Cost in Rs. Crores Sl.No.
4.2 CW system4.3 Cooling Towers4.4 DM water Plant 4.5 Clarification plant4.6 chlorination plant4.7 Fuel Handiling & Storage system4.8 Coal Handling Plant4.9 MGR & Marshalling Yard4.10 Ash Handling System 4.11 Ash disposal area development4.12 Fire fighting System4.13 Township & Colony4.14 Temp. construction & enabling works4.15 Road & Drainage
Total Civil works
5.0 Construction & Pre Commissioning Expences
5.1 Erection Testing and commissioning5.2 Site supervision5.3 Operator's Training5.4 Construction Insurance5.5 Tools & Plant5.6 Start up fuel
Total Construction & Pre CommissioningExpences
6.0 Overheads6.1 Establishment6.2 Design & Engineering6.3 Audit & Accounts6.4 Contingency
Total Overheads
7.0 Capital cost excluding IDC & FC7.1 Interest During Construction (IDC)7.2 Financing Charges (FC)8.0 Capital cost including IDC & FC
Petitioner
PARTIFORM5C
Name of the Company :Name of the Power Station :
As per original Estimates
As on COD
(1) (2) (3) (4) (5) (6) (7)1.0 Cost of Land & Site Development 1.1 Land 1.2 Rehabilitation & Resettlement (R&R)1.3 Preliminary Investigation & Site development
Total Land & Site Development 2.0 Plant & Equipment
2.1 Steam Turbine generator Island2.2 Turbine Generator Island2.3 WHRB Island2.4 BOP Mechanical2.4.1 Fuel Handling & Storage system2.4.2 External water supply system2.4.3 CW system2.4.4 Cooling Towers2.4.5 DM water Plant 2.4.6 Clarification plant2.4.7 Chlorination Plant2.4.8 Air condition & Ventilation System2.4.9 Fire Fighting system2.4.10 HP/LP Piping Total BOP Mechanical2.5 BOP Electrical2.5.1 Switch Yard Package2.5.2 Transformers package2.5.3 Switch gear Package2.5.4 Cable , Cable Facilities & grounding2.5.5 Lighting2.5.6 Emergency D.G. set
Total BOP Electrical2.6 C & I Package
Total Plant & Equipment excluding taxes &Duties
2.7 Taxes and Duties2.7.1 Custom Duty2.7.2 Other Taxes & Duties
Total Taxes & DutiesTotal Plant & Equipment(with taxes & Duties)
3.0 Initial spares4.0 Civil Works4.1 Main plant/Adm. Building4.2 External water supply system4.3 CW system4.4 Cooling Towers4.5 DM water Plant 4.6 Clarification plant4.7 Fuel Handling & Storage system4.8 Township & Colony
NIL
UP RAJYA VIDYUT UTPADAN NIGAM LIMITED
Breakup of Capital Cost for Gas/Liquid fuel based Projects
Sl.No. Break Down Cost in Rs. Crores Variation( Rs. Cr.)
Reasons for Variation
Admitted Cost (Rs.
Cr.)
PANKI
As per original Estimates
As on COD
(1) (2) (3) (4) (5) (6) (7)
Sl.No. Break Down Cost in Rs. Crores Variation( Rs. Cr.)
Reasons for Variation
Admitted Cost (Rs.
Cr.)
4.9 Temp. construction & enabling works4.10 Road & Drainage4.11 Fire Fighting system
Total Civil works
5.0 Construction & Pre Commissioning Expences
5.1 Erection Testing and commissioning5.2 Site supervision5.3 Operator's Training5.4 Construction Insurance5.5 Tools & Plant5.6 Start up fuel
Total Construction & Pre CommissioningExpences
6.0 Overheads6.1 Establishment6.2 Design & Engineering6.3 Audit & Accounts6.4 Contingency
Total Overheads
7.0 Capital cost excluding IDC & FC7.1 Interest During Construction (IDC)7.2 Financing Charges (FC)8.0 Capital cost including IDC & FC
Note:
Petitioner
1. In case of time & Cost over run, a detailed note giving reasons of such time and cost over run should be submittedclearly bring out the agency responsible and whether such time & cost over run was beyond the control of thegenerating company.
PARTI
FORM5DName of the Company :Name of the Power Stati
Sl.No.
Name/No. of Construction / Supply / Service
Package
Scope of works1
(in line with head of cost breakups 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 Award2 in (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)
Petitioner
2 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 exchangerate and the date e.g. Rs.80 Cr+US$50m=Rs.280Cr at US$=Rs40 as on say 4.1.1999.
1 The scope of work in any package should be indicated in conformity of Capital cost break‐up for the coal based plants in the FORM‐5B to the extent possible. In caseof Gas/Liquid fuel based projects, cost break up in the similar manner in the relevent
NIL
Breakup of Construction/Supply/Service packages
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
PARTIFORM 6
Name of the CompanyName of the Power StationProject Cost as on CODDate of Commercial Operation of the Station
(Rs. Cr)
1 2 3 4 5 6 7
Loan‐I US $ 200mLoan‐IILoan‐III
and so on Loan‐ Foreign DomesticTotal loan(Rs)Equity‐
ForeignDomestic
Total Equity( Rs)Debt : Equity Ratio
2 Date of Commercial Operation means Commercial Operation of the last unit3 For example : US $, 200M etc.etc
Petitioner
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
NA
Currency and Amount
1 Say US $ 200m + Rs.400 Cr or Rs.1200 Cr including US $200m at an exchange rate of 1US $=Rs.40/‐
Financial Package upto COD
Financial Package as Approved Financial Package as on COD As Admitted on CODCurrency and Amount Currency and Amount
Name of the CompanyName of the Power Station
(Rs Cr)
Particulars Package1 Package2 Package3 Package4 Package5 Package6
1 2 3 4 5 6 7
Loan No. 8304010Proposed Uprating Scheme
Source of Loan PFC PFC
Currency INR INR
Amount of Loan sanctioned 15.71 440.00Amount of Gross Loan drawn upto 31.03.2008/COD 14.02 0.00
Interest Type Fixed Fixed
Fixed Interest Rate, if applicable
Base Rate, if Floating Interest
Margin, if Floating Interest No No
Are there any Caps/Floor No No
If above is yes,specify caps/floor ‐ ‐
Moratorium Period ‐ ‐
Moratorium effective from ‐ ‐
Repayment Period 10 Years 10 Years
Repayment effective from
Repayment Frequency Quarterly Quarterly
Repayment Instalment 40 40
Base Exchange Rate
Petitioner
PARTIFORM 7
Details of Project Specific Loans
1 Source of loan means the agency from whom the loan has been taken such as WB, ADB, WMB, PNB, SBI, ICICI, IFC, PFC etc.2 Currency refers to currency of loan such as US$, DM, Yen,Indian Rupee etc.
UP RAJYA VIDYUT UTPADAN NIGAM LIMITED
15 In case of Foreign loan,date of each drawal & repayment alongwith exchange rate at that date may be given.
5 If the Tariff in the petition is claimed seperately for various units, details in the Form is to be given seperately for all the units in the same form.6 Interest type means whether the interest is fixed or floating.7 Base rate means the base as PLR, LIBOR etc. over which the margin is to be added. Applicable base rate on different dates from the date of drawl may also be enclosed.
9 At times caps/floor are put at which the floating rates are frozen. If such a condition exists, specify the limits.
8 Margin means the points over and above the floating rate.
PANKI
3 Details are to be submitted as on 31.03.2004 for existing assets and as on COD for the remaining assets.
16 Base exchange rate means the exchange rate prevailing as on 31.03.2004 for existing assets and as on COD for the remaining assets.
14 If the repayment instalment amount and repayment date can not be worked out from the data furnished above, the repayment schedule to be furnished seperately.
13 Where there is more than one drawal/repayment for a loan, the date & amount of each drawal/repayement may also be given seperately
4 Where the loan has been refinanced, details in the Form is to be given for the loan refinaced. However, the details of the original loan is to be given seperately in the same form.
10 Moratorium period refers to the period during which loan servicing liability is not required.11 Repayment period means the repayment of loan such as 7 years, 10 years, 25 years etc.12 Repayment frequency means the interval at which the debt servicing is to be done such as monthly, quarterly, half yearly, annual, etc.
Name of the CompanyName of the Power Station
(Rs. Cr.)Particulars Package1 Package2 Package3 Package4 Package5 Package6 Package7 Total
1 2 3 4 5 6 7 8 9
Source of Loan IDBI HUDCOPUBLIC BONDS
CEA LIC UP Govt. PFC
Currency INR INR INR INR INR INR INRAmount of Loan sanctionedAmount of Gross Loan drawn upto 31.03.2009/COD ‐ 13.32 152.28 0.00 0.00 219.09 450.00 834.69
Interest Type Fixed Fixed Fixed Fixed Fixed Fixed FixedFixed Interest Rate, if applicableBase Rate, if Floating InterestMargin, if Floating Interest
Are there any Caps/Floor Not applicable
Not applicable
Not applicable
Not applicable
Not applicable
Not applicable
Not applicable
If above is yes,specify caps/floor ‐ ‐ ‐ ‐ ‐ ‐ ‐ Moratorium Period ‐ ‐ ‐ ‐ ‐ ‐ ‐ Moratorium effective from ‐ ‐ ‐ ‐ ‐ ‐ ‐ Repayment Period ‐ ‐ ‐ ‐ ‐ ‐ ‐ Repayment effective from ‐ ‐ ‐ ‐ ‐ ‐ ‐ Repayment Frequency ‐ ‐ ‐ ‐ ‐ ‐ ‐ Repayment Instalment ‐ ‐ ‐ ‐ ‐ ‐ ‐ Base Exchange Rate ‐ ‐ ‐ ‐ ‐ ‐ ‐
Distribution of loan packages to various projectsName of the Projects TotalAnpara A ‐ 1.57 17.99 ‐ ‐ 25.89 53.18 98.63 Anpara B ‐ 9.20 105.17 0.00 ‐ 151.31 310.78 576.46 Obra A ‐ 0.30 3.45 0.00 0.00 4.96 10.19 18.91 Obra B ‐ 0.94 10.79 0.00 ‐ 15.52 31.87 59.12 Harduaganj ‐ 0.53 6.10 ‐ ‐ 8.77 18.01 33.41 Panki ‐ 0.34 3.84 0.00 ‐ 5.52 11.35 21.05 Parichha ‐ 0.43 4.95 0.00 0.00 7.12 14.62 27.11 Parichha Ext. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Total 13.32 152.28 0.00 0.00 219.09 450.00 834.69
Petitioner
11 Repayment period means the repayment of loan such as 7 years, 10 years, 25 years etc.
5 If the Tariff in the petition is claimed seperately for various units, details in the Form is to be given seperately for all the units in the same form.6 Interest type means whether the interest is fixed or floating.
2 Currency refers to currency of loan such as US$, DM, Yen,Indian Rupee etc.
7 Base rate means the base as PLR, LIBOR etc. over which the margin is to be added. Applicable base rate on different dates from the date of drawl may also be enclosed.
PARTIFORM 8
9 At times caps/floor are put at which the floating rates are frozen. If such a condition exists, specify the limits.10 Moratorium period refers to the period during which loan servicing liability is not required.
1 Source of loan means the agency from whom the loan has been taken such as WB, ADB, WMB, PNB, SBI, ICICI, IFC, PFC etc.
13 Where there is more than one drawal/repayment for a loan, the date & amount of each drawal/repayement and its allocation may also be given seperately14 If the repayment instalment amount and repayment date can not be worked out from the data furnished above, the repayment schedule to be furnished seperately.15 In case of Foreign loan,date of each drawal & repayment alongwith exchange rate at that date may be given.16 Base exchange rate means the exchange rate prevailing as on 31.03.2004 for existing assets and as on COD for the remaining assets.
12 Repayment frequency means the interval at which the debt servicing is to be done such as monthly, quarterly, half yearly, annual, etc.
8 Margin means the points over and above the floating rate.
3 Details are to be submitted as on 31.03.2004 for existing assets and as on COD for the remaining assets.4 Where the loan has been refinanced, details in the Form is to be given for the loan refinaced. However, the details of the original loan is to be given seperately in the same form.
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
Details of Allocation of corporate loans to various projects
PARTI
FORM9
Name of the Company
Name of the Power Station
(Rs Cr)
Sl.No. Year
Work/Equipment added after COD up to Cut off Date /
Beyond Cut off Date
Amount Capitalised / Proposed to be capitalised
Justification Admitted Cost
(1) (2) (3) (4) (5) (6)
1 2009‐10 ABT EXPENSES 0.59Allowed As Per Parra
18 (6) Of Tariff Regulations
2 2010‐11 0.00
3 2011‐12 Uprating Scheme for U#3 & 4 269.15
Increase in Gen Capacity by 2x10 MW, Life Extension by 15 Years, Improvement
in PLF
4 2012‐13 Uprating Scheme for U#3 & 4 280.85
Increase in Gen Capacity by 2x10 MW, Life Extension by 15 Years, Improvement
in PLF
5 2013‐14 0.00
TOTAL 0.00 550.59 0.00 0.00
Note:
Statement of Additional Capitalisation after COD
UP RAJYA VIDYUT UTPADAN NIGAM LIMITED
PANKI
1 Fill the form in chronological order year wise along with detailed justification clearly bring out the necessity and the benefitsaccruing to the beneficiaries.2 In case initial spares are purchased alongwith any equipment, then the cost of such spares should be indicated separately.e.g. Rotor ‐ 50 Crs. Initial spares‐ 5 Crs.
Petitioner
Name of the CompanyName of the Power Station
(Rs. Cr.)
Financial Year (Starting from COD)
200910 201011 201112 201213 201314 200910 201011 201112 201213 201314
1 2 3 4 5 6 7 8 9 10 11
Amount Captalized in Work/Equipment
0.59 269.15 280.85
Financing Details
PFC 214.15 225.85
Total Loan 214.15 225.85
Equity 55.00 55.00
Internal Resources 0.59
Others 0.00 0.00
Total 0.59 269.15 280.85
1 Year 1 refers to Financial Year of COD and Year 2, Year 3 etc. are the subsequent financial years respectively.2 Loan details for meeting the additional capitalisation requirement should be given as per FORM‐7 or 8 whichever is relevent.
Petitioner
PARTIFORM 10
Financing of Additional Capitalisation
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
Actual Admitted
PARTIFORM 11
Name of the CompanyName of the Power Station
(Rs Cr)Financial Year FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
1 2 3 4 5 6 7 8 9 10
Depreciation on Capital Cost 5.73 5.74 6.13 6.15 6.23 6.25 6.25 15.94 26.05
Depreciation on Additional CapitalisationAmount of Additional Capitalisation 0.14 11.16 0.07 1.66 0.59 ‐ 269.15 280.85 ‐ Depreciation Amount 0.00 0.05 0.01 0.08 0.02 ‐ 9.69 10.11 ‐
Detail of FERVAmount of FERV on which depreciation charged ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Depreciation amount ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Depreciation Recoverered During the Year 5.73 5.79 6.13 6.23 6.25 6.25 15.94 26.05 26.05
Advance against Depreciation recovered during the Year ‐ ‐ ‐ ‐ ‐ 18.81
Depreciation & Advance against Depreciation recovered during the year
5.73 5.79 6.13 6.23 6.25 6.25 15.94 26.05 44.85
Cumulative Depreciation & Advance against Depreciation recovered upto the year
5.73 11.53 17.66 23.89 30.14 36.39 52.33 78.38 123.23
Petitioner
Statement of Depreciation
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
PARTIFORM 12
Name of the CompanyName of the Power Station
(Rs Cr.)
Sl. No.
Name of the Assets
Dep Rates as per UPERC's Dep Rate Schedule
Op. BalAdditions
Cl. Bal Dep. Op. BalAdditions
Cl. Bal Dep. Op. BalAdditions
Cl. Bal Dep. Op. BalAdditions
Cl. Bal Dep. Op. BalAdditions
Cl. Bal Dep. Op. BalAdditions
Cl. Bal Dep.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 251 LAND & LAND RIGHTS 0.00% 1.5 ‐ 1.5 ‐ 1.5 1.5 ‐ 1.5 1.5 ‐ 1.5 1.5 ‐ 1.5 1.5 ‐ 1.5 1.5 ‐ 2 LAND OWNED UNDER FULL TITLE 0.00% 0.1 ‐ 0.1 ‐ 0.1 0.1 ‐ 0.1 0.1 ‐ 0.1 0.1 ‐ 0.1 0.1 ‐ 0.1 0.1 ‐ 3 LAND HELD UNDER LEASE 0.00% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4 BUILDINGS 3.60% 74.6 ‐ 74.6 2.7 74.6 74.6 2.7 74.6 74.6 2.7 74.6 74.6 2.7 74.6 74.6 2.7 74.6 74.6 2.7 5 BLDGS‐THERMO‐ELECT.GENE.PLANT 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 6 OFFICE BUILDINGS 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 7 RESIDENTIAL COLONY FOR STAFF 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 8 OTHER BUILDING 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 9 HYDRAULIC WORKS 3.60% 3.4 ‐ 3.4 0.1 3.4 3.4 0.1 3.4 3.4 0.1 3.4 3.4 0.1 3.4 3.4 0.1 3.4 3.4 0.1 10 OTHER CIVIL WORK 3.60% 7.0 ‐ 7.0 0.3 7.0 0.6 7.6 0.3 7.6 7.6 0.3 7.6 7.6 0.3 7.6 7.6 0.3 7.6 7.6 0.3 11 PLANT & MACHINERY 3.60% 49.8 ‐ 49.8 1.8 49.8 49.8 1.8 49.8 49.8 1.8 49.8 160.5 210.3 7.6 210.3 167.5 377.8 13.6 377.8 377.8 13.6 12 BOILER PLANT & EQUIPMENT 3.60% 22.1 ‐ 22.1 0.8 22.1 22.1 0.8 22.1 22.1 0.8 22.1 71.2 93.3 3.4 93.3 74.3 167.6 6.0 167.6 167.6 6.0 13 TURBINE GEN. STEAM PWR GENE. 3.60% 3.0 ‐ 3.0 0.1 3.0 3.0 0.1 3.0 3.0 0.1 3.0 9.7 12.7 0.5 12.7 10.1 22.8 0.8 22.8 22.8 0.8 14 AUXILIARIES IN STEAM PWR PLANT 3.60% 3.4 ‐ 3.4 0.1 3.4 3.4 0.1 3.4 3.4 0.1 3.4 10.8 14.2 0.5 14.2 11.3 25.4 0.9 25.4 25.4 0.9 15 COAL HANDLING PLANT & HANDLG EQPT 3.60% 3.0 1.5 4.5 0.2 4.5 4.5 0.2 4.5 4.5 0.2 4.5 14.4 18.9 0.7 18.9 15.0 33.9 1.2 33.9 33.9 1.2 16 PLT‐FOUNDTN HYDEL PWR‐GENE‐PLT 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 17 TRANS PLT TRANFS RATING 100KVA 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 18 MATERIALS HANDLG EQPT‐EARTH HOVER 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Calculation of Depreciation Rate
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
FY 201314Particulars FY 200809 FY 200910 FY 201011 FY 201112 FY 201213
19 SWITCH GEAR INCDG CABLE CONNTS 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 20 BATTERIES INCLU. CHARG EQPT 3.60% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 21 COMMU. EQPT TELEPH. & TELE 3.60% 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.1 0.1 0.2 0.0 0.2 0.2 0.0 22 TOOLS & TACKLES 3.60% 0.2 0.0 0.2 0.0 0.2 0.2 0.0 0.2 0.2 0.0 0.2 0.5 0.6 0.0 0.6 0.5 1.2 0.0 1.2 1.2 0.0 23 OTHER MISC. EQPT. 3.60% 0.6 ‐ 0.6 0.0 0.6 0.6 0.0 0.6 0.6 0.0 0.6 2.0 2.6 0.1 2.6 2.1 4.6 0.2 4.6 4.6 0.2 24 LINES CABLE NETWORK ETC. 3.60% 2.8 ‐ 2.8 0.1 2.8 2.8 0.1 2.8 2.8 0.1 2.8 2.8 0.1 2.8 2.8 0.1 2.8 2.8 0.1 25 VEHICLES 0.00% 0.3 ‐ 0.3 ‐ 0.3 0.3 ‐ 0.3 0.3 ‐ 0.3 0.3 ‐ 0.3 0.3 ‐ 0.3 0.3 ‐ 26 VEHICLES 18.00% 0.0 ‐ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27 HEAVY VEHICLES 18.00% ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 28 JEEPS & MOTER CARS 18.00% 0.1 ‐ 0.1 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 0.1 0.0 29 OTHERS VEHICLES 18.00% 0.0 0.2 0.2 0.0 0.2 0.2 0.0 0.2 0.2 0.0 0.2 0.2 0.0 0.2 0.2 0.0 0.2 0.2 0.0 30 FURNITURES & FIXTURES 0.00% 0.1 ‐ 0.1 ‐ 0.1 0.1 ‐ 0.1 0.1 ‐ 0.1 0.1 ‐ 0.1 0.1 ‐ 0.1 0.1 ‐ 31 FURNITURES & FIXTURES 6.00% 0.0 ‐ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
32FURNITURES & FIXTURES USED IN HOTEL RESTRNT. BORDING HOUSE , SCOL., COLL., LIB. & MEETING HALL
6.00% 0.0 ‐ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
33 OFFICE EQPT 0.00% 0.2 ‐ 0.2 ‐ 0.2 0.2 ‐ 0.2 0.2 ‐ 0.2 0.2 ‐ 0.2 0.2 ‐ 0.2 0.2 ‐ 34 OFFICE EQPT. 6.00% 0.0 ‐ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35 PHOTOSTAT MACH. 6.00% 0.0 ‐ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36 COMPUTER 6.00% 0.1 0.0 0.1 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 0.1 0.0 37 OTHER 6.00% 0.0 0.0 0.1 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 0.1 0.0
38 CAPITAL SPARES GENRATING STATIONS (95%) 3.60% 0.2 ‐ 0.2 0.0 0.2 0.2 0.0 0.2 0.2 0.0 0.2 0.2 0.0 0.2 0.2 0.0 0.2 0.2 0.0
TOTAL 172.5 1.7 174.2 6.2 174.2 0.6 174.8 6.2 174.8 174.8 6.2 174.8 269.2 443.9 15.9 443.9 280.8 724.8 26.0 724.8 724.8 26.0
PETITIONER
PARTIFORM 13
Name of the CompanyName of Power Station
(Rs Cr)
S. No Particulars FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
1 2 3 3 4 5 6 7 8 9 10 11 121 Loan 1 IDBI
Gross Loan Opening ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Cumlative repayments of loans upto previous year ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Net Loan Opening 0.39 0.27 0.19 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Add:‐ Drawls during the year ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Less:‐ Repayments during the year 0.12 0.08 0.19 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Net Loan Closing 0.27 0.19 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Average Net Loan 0.33 0.23 0.09 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Rate of Interest on Loan ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest on Loan 0.14 0.10 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
2 Loan 2 HUDCO
Gross Loan Opening ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Cumlative repayments of loans upto previous year ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Net Loan Opening ‐ ‐ 1.29 2.35 1.68 1.01 0.34 ‐ ‐ ‐ ‐
Add:‐ Drawls during the year ‐ 1.29 1.24 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Less:‐ Repayments during the year ‐ ‐ 0.17 0.67 0.67 0.67 0.34 ‐ ‐ ‐ ‐
Net Loan Closing ‐ 1.29 2.35 1.68 1.01 0.34 ‐ ‐ ‐ ‐ ‐
Average Net Loan ‐ 0.64 1.82 2.02 1.34 0.67 0.17 ‐ ‐ ‐ ‐
Rate of Interest on Loan ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest on Loan ‐ 0.02 0.13 0.20 0.15 0.09 0.03 ‐ ‐ ‐ ‐
3 Loan 3 PUBLIC BONDS
Gross Loan Opening ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Cumlative repayments of loans upto previous year ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Net Loan Opening 7.58 6.52 6.52 6.52 6.51 5.46 3.84 2.10 1.05 ‐ ‐
Add:‐ Drawls during the year ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Less:‐ Repayments during the year 1.05 ‐ ‐ 0.01 1.05 1.62 1.74 1.05 1.05 ‐ ‐
Net Loan Closing 6.52 6.52 6.52 6.51 5.46 3.84 2.10 1.05 ‐ ‐ ‐
Average Net Loan 7.05 6.52 6.52 6.52 5.98 4.65 2.97 1.58 0.53 ‐ ‐
Rate of Interest on Loan ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest on Loan 0.85 0.77 0.77 0.77 0.71 0.52 0.33 0.18 0.10 ‐ ‐
4 Loan 4 CEA
Gross Loan Opening ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Cumlative repayments of loans upto previous year ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Net Loan Opening 0.25 0.17 0.06 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Add:‐ Drawls during the year ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Less:‐ Repayments during the year 0.08 0.08 0.05 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Less:‐ Tranfer to restructuring account ‐ 0.03 ‐ 0.01 ‐ ‐ ‐ ‐ ‐ ‐ ‐
Net Loan Closing 0.17 0.06 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Net Loan 0.09 0.03 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Rate of Interest on Loan ‐ ‐ ‐ 0.00E+00 ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest on Loan 0.17 0.18 0.18 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
Calculation of Weighted Average Rate of Interest on Actual Loans
PARTIFORM 13
Name of the CompanyName of Power Station
(Rs Cr)
S. No Particulars FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
1 2 3 3 4 5 6 7 8 9 10 11 12
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
Calculation of Weighted Average Rate of Interest on Actual Loans
5 Loan 5 LIC
Gross Loan Opening ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Cumlative repayments of loans upto previous year ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Net Loan Opening 6.48 5.32 3.32 2.34 1.99 ‐ ‐ ‐ ‐ ‐ ‐
Add:‐ Drawls during the year ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Less:‐ Repayments during the year 1.17 1.99 0.99 0.87 1.99 ‐ ‐ ‐ ‐ ‐ ‐
Less:‐ Tranfer to restructuring account ‐ ‐ ‐ (0.53) ‐ ‐ ‐ ‐ ‐ ‐ ‐
Net Loan Closing 5.32 3.32 2.34 1.99 ‐ ‐ ‐ ‐ ‐ ‐ ‐
Average Net Loan 2.66 1.66 1.17 1.00 ‐ ‐ ‐ ‐ ‐ ‐ ‐
Rate of Interest on Loan ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest on Loan 6.10 7.03 8.08 9.31 0.24 ‐ ‐ ‐ ‐ ‐ ‐
6 Loan 6 UP Govt.
Gross Loan Opening ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Cumlative repayments of loans upto previous year ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Net Loan Opening 9.12 11.96 13.96 5.52 5.52 5.52 5.52 5.52 5.52 5.52 5.52
Add:‐ Drawls during the year 2.84 2.00 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Less Repayments during the year ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Less:‐ Converted into Equity ‐ ‐ 8.44 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Net Loan Closing 11.96 13.96 5.52 5.52 5.52 5.52 5.52 5.52 5.52 5.52 5.52
Average Net Loan 7.40 7.98 2.76 2.76 2.76 2.76 2.76 2.76 2.76 2.76 2.76
Rate of Interest on Loan ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest on Loan 0.84 0.94 0.95 0.98 1.00 0.89 0.96 0.96 0.96 0.96 0.96
7 Loan 7 PFC(Project Specific)
Gross Loan Opening ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Cumlative repayments of loans upto previous year ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Net Loan Opening ‐ 0.68 1.50 8.51 13.65 12.21 10.77 9.34 183.90 358.46 434.03
Add:‐ Drawls during the year ‐ 0.83 7.01 5.50 ‐ ‐ ‐ 176.00 176.00 88.00 ‐
Less Repayments during the year ‐ 0.02 ‐ 0.36 1.44 1.44 1.44 1.44 1.44 12.44 45.44
Net Loan Closing ‐ 1.50 8.51 13.65 12.21 10.77 9.34 183.90 358.46 434.03 388.59
Average Net Loan ‐ 1.09 5.00 11.08 12.93 11.49 10.06 96.62 271.18 396.25 411.31
Rate of Interest on Loan ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest on Loan ‐ 0.05 0.35 0.95 0.93 0.83 0.79 0.68 2.26 41.67 50.90
8 Loan 7 PFC(Allocation)
Gross Loan Opening ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Cumlative repayments of loans upto previous year ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Net Loan Opening ‐ ‐ ‐ ‐ ‐ 12.61 11.35 10.09 8.83 7.56 6.30
Add:‐ Drawls during the year ‐ ‐ ‐ ‐ 12.61 ‐ ‐ ‐ ‐ ‐ ‐
Less Repayments during the year ‐ ‐ ‐ ‐ ‐ 1.26 1.26 1.26 1.26 1.26 1.26
Net Loan Closing ‐ ‐ ‐ ‐ 12.61 11.35 10.09 8.83 7.56 6.30 5.04
Average Net Loan ‐ ‐ ‐ ‐ 6.30 11.98 10.72 9.46 8.20 6.93 5.67
Rate of Interest on Loan ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest on Loan ‐ ‐ ‐ ‐ 0.03 1.39 1.27 1.12 0.98 0.82 0.67
PARTIFORM 13
Name of the CompanyName of Power Station
(Rs Cr)
S. No Particulars FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
1 2 3 3 4 5 6 7 8 9 10 11 12
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
Calculation of Weighted Average Rate of Interest on Actual Loans
PARTIFORM 13
Name of the CompanyName of Power Station
(Rs Cr)
S. No Particulars FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
1 2 3 3 4 5 6 7 8 9 10 11 12
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
Calculation of Weighted Average Rate of Interest on Actual Loans
9 Total Loan to this Project
Gross Loan Opening ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Cumlative repayments of loans upto previous year ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Net Loan Opening 23.82 24.92 26.84 25.26 29.36 36.81 31.82 27.05 199.30 371.55 445.86
Add:‐ Drawls during the year 2.84 4.12 8.24 5.50 12.61 ‐ ‐ 176.00 176.00 88.00 ‐
Less Repayments during the year 2.42 2.17 1.39 1.92 5.16 4.99 4.77 3.75 3.75 13.70 46.70
Less:‐ Converted into Equity/Tranfer to Restructuring ‐ 0.03 8.44 (0.51) ‐ ‐ ‐ ‐ ‐ ‐ ‐
Net Loan Closing 24.24 26.84 25.26 29.36 36.81 31.82 27.05 199.30 371.55 445.86 399.16
Average Net Loan 24.03 25.88 26.05 27.31 33.08 34.31 29.44 113.18 285.43 408.70 422.51
Rate of Interest on Loan
Interest on Loan 8.10 9.08 10.46 12.21 3.07 3.72 3.37 2.94 4.29 43.45 52.53
Petitioner
Calculation of Interest on Loans
Name of the CompanyName of the Power Station
(Rs Cr)Particulars 200304 200405 200506 200607 200708 200809 200910 201011 201112 201213 201314
1 2 3 4 5 6 7 8 9 10 11 12
1.Gross loan ‐ Opening ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 2.Cumulative repayments of Loans upto previous ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 3.Net loan ‐ Opening ( 1 ‐ 2 ) 23.82 24.92 26.84 25.26 29.36 36.81 31.82 27.05 199.30 371.55 445.86 4.Increase/Decrease due to ACE during the Year 2.84 4.12 8.24 5.50 12.61 ‐ ‐ 176.00 176.00 88.00 ‐ 5.Repayments of Loans during the year 2.42 2.17 1.39 1.92 5.16 4.99 4.77 3.75 3.75 13.70 46.70 6.Converted into Equity/Tranfer to Restructuring ‐ 0.03 8.44 (0.51) ‐ ‐ ‐ ‐ ‐ ‐ ‐ 7.Net loan ‐ Closing ( 3+ 4 ‐ 5‐6) 24.24 26.84 25.26 29.36 36.81 31.82 27.05 199.30 371.55 445.86 399.16 8.Average Net Loan ( (3 + 7 ) * 0.5 ) 24.03 25.88 26.05 27.31 33.08 34.31 29.44 113.18 285.43 408.70 422.51 9.Weighted average Rate of Interest on Loans 10.Interest on loan 8.10 9.08 10.46 12.21 3.07 3.72 3.37 2.94 4.29 43.45 52.53
Petitioner
PARTIFORM 13A
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
PARTIFORM 14
Name of the CompanyName of the Power Station
(Rs Cr)
Particulars 200910 201011 201112 201213 201314
1 3 4 5 6 7
1/10th of the Loan(s) 44.00 44.00 44.00 44.00 44.00 Repayment of the Loan(s) asconsidered for working out Intereston Loan
‐ ‐ ‐ 11.00 44.00
Minimum of the Above ‐ ‐ ‐ 11.00 44.00 Less:Depreciation during the year 0.81 15.59 19.80 (A1) 24.20
Cumulative Repayment of theLoan(s) as considered for workingout Interest on Loan
‐ ‐ ‐ 11.00 55.00
Less: Cumulative Depreciation ‐ ‐ 0.81 16.39 36.19 (B1) 18.81 Advance Against Depreciation(Minimum of A & B) 18.81
1 If the amount is negative, it will be shown as zero.
Petitioner
Calculation of Advance Against Depreciation (AAD)
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
For the purpose of Calculating AAD, Annual Depreciation has been pro‐rated accordingly with respect to the proposed dates of Commissioning of the Units being under schemes of R&M/Refurbishment/Up‐rating. For this thermal power station a Up‐Rating scheme of RS. 550 Cr. has been proposed for U#3 & 4 (110 MW each). Of the above mentioned Units: U#3 is to be Commissioned in Mar‐12 & U#4 is to be Commissioned in Sep‐12
PARTIFORM 15
Name of the Company
Name of the Power Station
(Rs Cr)Sl. No.
ParticularsExisting 200809
200910 201011 201112 201213 201314
1 2 3 4 5 6 7 8
1 Cost of Coal 35.39 37.03 39.16 44.35 49.98 53.62
2 Cost of Secondary Fuel Oil 1.33 1.13 1.16 1.27 1.38 1.43
3 Fuel Cost ‐ ‐ ‐ ‐ ‐ ‐
4 Liquid Fuel Stock ‐ ‐ ‐ ‐ ‐ ‐
5 O & M expenses 9.89 6.63 7.03 7.89 8.84 9.37
6 Maintenance Spares 23.74 15.91 16.87 18.95 21.21 22.48
7 Recievables 62.21 57.03 60.05 70.79 88.66 98.38
Total Working Capital 132.55 117.74 124.26 143.25 170.08 185.28
Rate of Interest 12.75% 12.25% 12.25% 12.25% 12.25% 12.25%
Interest on Working Capital 16.90 14.42 15.22 17.55 20.83 22.70
1For Coal bsaed generating stations
3 submit documentary evidence
Petitioner
Calculation of Interest on Working Capital
2For Gas Turbine/Combined Cycle generating stations duly taking into account the mode of operation on gas fuel and liquid fuel
PANKI
UP RAJYA VIDYUT UTPADAN NIGAM LIMITED
PARTIFORM 16
Name of the CompanyName of the Power Station
(Rs. Cr.)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 Loans1 Foreign Loans
1.1.1 Foreign Loan 1Draw down Amount IDCFinancing charges
1.1.2 Foreign Loan 2Draw down Amount IDCFinancing charges
1.1.3 ‐ ‐
1.1.4 ‐ ‐
1 Total Foreign LoansDraw down Amount IDCFinancing charges
1 Indian Loans
1.2.1 Indian Loan 1Draw down Amount ‐‐IDC ‐‐Financing charges ‐‐
1.2.2 Indian Loan 2Draw down Amount ‐‐IDC ‐‐Financing charges ‐‐
1.2.3 Indian Loan 3Draw down Amount ‐‐IDC ‐‐Financing charges ‐‐
1.2.4 ‐ ‐ ‐‐
1 Total Indian LoansDraw down Amount ‐‐IDC ‐‐Financing charges ‐‐
1 Total of Loans drawn IDCFinancing charges
2 Equity
2 Foreign equity drawn
2 Indian equity draw ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐
Total equity deployed
UP RAJYA VIDYUT UTPADAN NIGAM LIMITED
PETITIONER
PANKI
Note: Drawal of debt and equity shall be on paripassu basis to meet the commissioning schedule. Drawal of higher equity in the beginning is permissible.
Draw Down Schedule for Calculation of IDC & Financing Charges
Sl. No.
Quarter 1 Quarter 2 Quarter n (COD)
NIL
Name of the Company
Name of the Power Station
( Rs. Cr)
Particulars 200304 200405 200506 200607 200708 200809 200910 201011 201112 201213 201314
Audited Audited Audited Audited Audited Average Base
1 2 3 4 5 6 7 8 9 10 11 12 13
O&M data
(Base O&M on the basis of actual data)A) Total O&M Expenses 53.49 55.30 59.30 60.65 98.44 65.43 85.81 66.84 70.67 80.04 90.26 95.43
Repair & Maintenance Expenses 10.37 13.94 15.40 13.85 47.99 20.31 27.53 21.45 22.67 25.68 28.96 30.62 Administration & General Expenses 5.01 5.50 5.98 6.06 7.32 5.97 8.71 6.78 7.17 8.12 9.16 9.69 Employee Cost 33.92 31.43 32.51 35.52 36.41 33.96 39.35 30.65 32.40 36.70 41.39 43.76 Other Fuel Related Cost 3.79 4.14 5.07 4.68 6.17 4.77 9.48 7.39 7.81 8.85 9.98 10.55 Corporate office expenses allocation 0.40 0.29 0.34 0.53 0.55 0.42 0.74 0.57 0.61 0.69 0.78 0.82
B) Abnormal O&M expenses*C) Arrears of Pay Revision 32.88 D) Yearly Pay Revision Impact 12.71 13.66 14.69 15.79 16.98 E) Calculation of Base O&M (AB+C+D)
53.49 55.30 59.30 60.65 98.44 65.43 118.69 79.55 84.33 94.73 106.06 112.40
Petitioner
Tariff Period
PANKI
PARTI
FORM17
Calculation of Operation & Maintenece Expenses
UP RAJYA VIDYUT UTPADAN NIGAM LIMITED
Name of the CompanyName of the Power Station
( Rs. Cr)ITEMS FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
1 2 3 4 5 6 7 8 9 10 11 12(A) Breakup of O&M expenses1 Consumption of Stores and Spares
Fuel Related Cost 2.0 2.4 3.4 2.7 2.9 5.3 4.1 4.4 5.0 5.6 5.9 Freight Variance on Coal Receipts ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Stock Shortages on Fuel Stock ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Cost of Water 0.6 0.6 0.6 0.7 0.6 0.8 0.6 0.6 0.7 0.8 0.8 Lubricants & Consumables 0.7 0.6 0.4 0.6 1.7 2.2 1.7 1.8 2.0 2.3 2.4 Station Supplies 0.5 0.5 0.7 0.8 0.9 1.3 1.0 1.0 1.2 1.3 1.4 SubTotal (Consumption of Stores & Spares)
3.8 4.1 5.1 4.7 6.2 9.5 7.4 7.8 8.8 10.0 10.5
2 Repair and MaintenancePlant and Machinery 9.0 12.3 13.3 12.0 45.9 24.7 19.3 20.4 23.1 26.0 27.5 Buildings 1.3 1.6 2.1 1.8 2.1 2.7 2.1 2.2 2.5 2.9 3.0 Civil Works 0.0 0.0 ‐ ‐ ‐ 0.0 0.0 0.0 0.0 0.0 0.0 Hydaulic Works ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Lines, Cables, networks etc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Vehicles ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Furniture and Fixtures 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Office Equipments ‐ 0.0 ‐ ‐ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 R&M Charged to Capital Account ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ SubTotal (R & M Expenses) 10.4 13.9 15.4 13.9 48.0 27.5 21.4 22.7 25.7 29.0 30.6
3 Administrarive ExpensesRent ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Rates and Taxes 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.2 0.2 0.2 0.2 Insurance 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Telephone, Telex and Postage 0.0 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.2 0.2 Professional Charges 0.0 0.0 0.0 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Conveyance and Travelling 0.2 0.2 0.1 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 Printing and Stationery 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Advertisement Expenses ‐ ‐ ‐ ‐ 0.1 0.2 0.1 0.1 0.2 0.2 0.2 Electricity Charges 0.7 0.6 0.6 0.2 0.8 0.9 0.7 0.7 0.8 0.9 1.0 Water Charges 0.1 ‐ 0.2 0.2 0.1 0.2 0.1 0.1 0.1 0.2 0.2 Entertainment ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Security (CISF Payments) 3.6 4.2 4.5 4.8 5.1 6.5 5.1 5.3 6.1 6.8 7.2 Other Expenses 0.1 0.1 0.1 0.1 ‐ ‐ ‐ ‐ ‐ ‐ ‐ Miscellaneous Expenses ‐ ‐ ‐ ‐ 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Vehicle Suspense Account ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Expenses charged to Capital ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ SubTotal (Administrative Expenses) 5.0 5.5 6.0 6.1 7.3 8.7 6.8 7.2 8.1 9.2 9.7
4 Employee CostSalaries 14.5 13.7 13.1 18.1 17.4 17.6 13.7 14.5 16.4 18.5 19.6 Overtime 1.8 2.0 1.7 1.2 1.1 1.2 0.9 1.0 1.1 1.3 1.3 DA 8.4 8.5 8.2 6.3 7.3 9.5 7.4 7.8 8.9 10.0 10.6 Other Allowances 1.9 1.7 1.6 1.6 1.7 2.5 2.0 2.1 2.4 2.7 2.8 Bonus ‐ 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.4 Other Staff Costs 2.9 0.9 3.5 3.4 3.6 2.6 2.0 2.1 2.4 2.7 2.9 Staff Welfare 0.1 0.1 0.1 0.1 0.3 0.3 0.2 0.3 0.3 0.3 0.3 Terminal Benefits 4.4 4.2 4.0 4.6 4.6 5.3 4.1 4.3 4.9 5.5 5.9 Employee Costs Charged to Capital ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ SubTotal (Employees Cost) 33.9 31.4 32.5 35.5 36.4 39.3 30.6 32.4 36.7 41.4 43.8
5 Corporate office expenses allocation 0.4 0.3 0.3 0.5 0.5 0.7 0.6 0.6 0.7 0.8 0.8 6 Total (1 to 7) 53.5 55.3 59.3 60.6 98.4 85.8 66.8 70.7 80.0 90.3 95.4
LESS: Recovered , if anyA) Net Expenses 53.5 55.3 59.3 60.6 98.4 85.8 66.8 70.7 80.0 90.3 95.4
Salaries (before15.01.2000) 1.6 6.6 7.1 8.9 9.6 10.3 11.1 11.9 12.8 Salaries (after15.01.2000) 0.2 0.6 0.6 0.8 0.9 1.0 1.1 1.1 1.2 Pension & Gratuity (@19.08%) 0.3 1.3 1.3 1.7 1.8 2.0 2.1 2.3 2.4 CPF (@10%) 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Salary of CISF Personnel 0.2 0.6 0.6 0.3 0.3 0.3 0.3 0.3 0.4
B) Total 2.3 9.1 9.7 11.8 12.7 13.7 14.7 15.8 17.0
Grand Total O&M Expenses 53.49 55.30 61.56 69.75 108.13 97.64 79.55 84.33 94.73 106.06 112.40 Total Petitioned O&M Expenses in MYT Petition
32.9 79.6 84.3 94.7 106.1 112.4
Note: Corporate Expenses have been allocated among generating stations based on GFA balances
PETITIONER
PARTIFORM18 Details of Operation & Maintenance Expenses
UP RAJYA VIDYUT UTPADAN NIGAM LIMITEDPANKI
Yearly Impact due to Pay RevisionArrears of Pay Revision
PARTIFORM19
COAL
Name of the CompanyName of the Power Station
Sl. No.
Month Unit Jan09 Feb09 Mar09
1 Quantity of Coal/ supplied by Coal Company (MT) 117,500 89,083 111,624
2 Adjustment (+/‐) in quantity supplied made byCoal Company (MT) 2,717 17,577 12,683
3 Coal supplied by Coal Company (1+2) (MT) 120,217 106,660 124,307
4 Normative Transit & Handling Losses (For coalbased Projects) (MT) 962 853 994
5 Net coal / Supplied (3‐4) (MT) 119,256 105,806 123,312 6 Amount charged by the Coal Company (Rs.) 158,961,462 129,173,607 153,102,867
7 Adjustment (+/‐) in amount charged made by Coal/Company (Rs.) 5,200,192 23,211,177 18,529,558
8 Total amount Charged (6+7) (Rs.) 164,161,654 152,384,785 171,632,426
9 Transportation charges by rail/ship/road transport ( Rs.) 68,671,064 73,183,787 84,663,492
10 Adjustment (+/‐) in amount charged made byRailways/Transport Company ( Rs.) 30,344,231 19,996,514 26,082,394
11 Demurrage Charges, if any ( Rs.) 1,472,800 2,002,500 2,675,500
12 Cost of diesel in transporting coal through MGRsystem, if applicable ( Rs.) ‐
13 Total Transportation Charges (9+/‐10‐11+12) ( Rs.) 97,542,495 91,177,800 108,070,387
14 Total amount Charged for coal/ supplied includingTransportation (8+13) ( Rs.) 261,704,149 243,562,585 279,702,813
15 Average Landed Cost of Coal Rs/MT 2,194 2,302 2,268 16 Weighted average GCV of coal/ as fired (kCal/Kg 3,471 3,418 3,439
Petitioner
Details/Information to be Submitted in respect of Fuel for Computation of Energy Charges
PANKIUP RAJYA VIDYUT UTPADAN NIGAM LIMITED
PARTIIFORM19
OIL
Name of the Company
Name of the Power Station
Sl. No.
Month Unit Jan09 Feb09 Mar09
1 Quantity of Oil supplied by Oil Company ( KL ) 120 192 336
2 Adjustment(+/‐) in quantity supplied made by OilCompany ( KL ) ‐
3 Oil supplied by Oil Company (1+2) ( KL ) 120 192 336
4 Normative Transit & Handling Losses (ForCoal/Lignite based Projects) ( KL ) ‐
5 Net Oil Supplied (3‐4) ( KL ) 120 192 336
6 Amount charged by the Oil Company ( Rs.) 4,216,190 6,738,212 11,007,832
7 Adjustment(+/‐) in amount charged made by OilCompany ( Rs.) ‐
8 Total amount Charged (6+7) ( Rs.) 4,216,190 6,738,212 11,007,832
9 Transportation charges by rail / ship /roadtransport ( Rs.) ‐
10 Adjustment (+/‐) in amount charged made byRailways/Transport Company ( Rs.) ‐
11 Demurrage Charges, If any ( Rs.) ‐
12 Cost of diesel in transporting Oil through MGRsystem, if applicable ( Rs.) ‐
13 Total Transportation Charges (9+/‐10‐11+12) ( Rs.) ‐ ‐ ‐ Others
14 Railway Siding Charges ( Rs.) ‐
15 Total amount Charged for Oil supplied includingTransportation (8+13) ( Rs.) 4,216,190 6,738,212 11,007,832
16 Weighted average GCV of Oil as fired (kCal/Ltr)
8,863 8,860 9,440 17 Weighted average cost of Oil Rs./KL 35,135 35,095 32,761
Petitioner
Details/Information to be Submitted in respect of Fuel for Computation of Energy Charges
UP RAJYA VIDYUT UTPADAN NIGAM LIMITED
PANKI
FORM20
Name of the Company Name of the Power Station
Description Unit 200910 201011 201112 201213 201314Capacity MW 210 210 225 240 240PLF % 60% 61% 62% 63% 65%Gross Station Heat Rate Kcal/kWh 3100 3070 3040 3010 2980Auxiliary Energy Consumption % 11.0% 10.8% 10.6% 10.2% 9.8%Energy Generation ‐ Gross MU 1,104 1,122 1,222 1,325 1,367 Auxiliary Energy Consumption MU 121 121 130 135 134 Ex‐bus Energy Sent Out MU 982 1,001 1,092 1,189 1,233 Specific Oil Consumption ml/kWh 2.5 2.4 2.3 2.2 2.1 Wt. Avg. GCV of Oil KCal/Lt 9,440 9,440 9,440 9,440 9,440 Price of Oil Rs./KL 32,761 34,399 36,119 37,925 39,822 Wt. Avg. GCV of Coal kCal/kg 3444 3444 3444 3444 3444Price of Coal Rs./MT 2253 2366 2484 2608 2739Heat Contribution from SFO Kcal/kWh 24 23 22 21 20Oil Consumption KL 2759 2693 2811 2914 2870Heat Contribution from Coal Kcal/kWh 3076 3047 3018 2989 2960Specific Coal Consumption kg/kWh 0.89 0.88 0.88 0.87 0.86Coal Consumption MMT 0.99 0.99 1.07 1.15 1.17 Total Cost of Oil Rs Cr 9.04 9.26 10.15 11.05 11.43 Total Cost of Coal Rs Cr 222.18 234.94 266.08 299.90 321.74 Total Fuel Cost Rs Cr 231.22 244.21 276.23 310.95 333.16 Rate of Energy Charge from Secondary Fuel Oil ex‐bus Paise/kWh 9.20 9.26 9.29 9.29 9.27
Rate of Energy Charge from Coal ex‐bus Paise/kWh 226.18 234.72 243.56 252.14 261.01Rate of Energy Charge ex‐bus per kWh Paise/kWh 235.38 243.97 252.85 261.43 270.29
Petitioner
Computation of Energy Charges(Additional form)
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