BEFORE THE HON’BLE...under CDM (Clean Development Mechanism) producing the GREEN Energy. The feed...
Transcript of BEFORE THE HON’BLE...under CDM (Clean Development Mechanism) producing the GREEN Energy. The feed...
BEFORE THE HON’BLE UTTRAKHAND ELECTRICITY REGULATORY COMMISSION Institute of Engineers (I) Building, 1st Floor, Near I.S.B.T., Majra, Dehradun.
FILING NO._________________ CASE NO.__________________ IN THE MATTER OF: PETETION SEEKING FIXATION OF TARIFF FOR BIOMETHANATION
(BIO GAS) BASED UNDER THE SCHEME OF CDM (CLEAN
DEVELOPMENT MECHANISM) 1 MW POWER PLANT PROPOSED BY
BHARAT BIO URJA LIMITED U/s.62 AND 86 OF THE ELECTRICITY
ACT, 2003 READ WITH THE RELEVANT REGULATIONS AND
GUIDELINES OF THE COMMISSION.
IN THE MATTER OF: BHARAT BIO URJA LIMITED, BEING THE GENERATION COMPANY
IN THE STATE OF UTTARAKHAND, DISTRICT HARIDWAR, HAVING
ITS REGISTERED OFFICE AT 49/3, TEG BAHADUR ROAD,
DEHRADUN, UTTARAKHAND STATE
Petitioner…
VERSUS
THE UTTARAKHAND ELECTRICITY REGULATORY COMMISSION
INSTITUTE OF ENGINEERS (I) BUILDING,1ST
FLOOR,
NEAR I.S.B.T., MAJRA,DEHRADUN,
UTTARAKHAND .
Respondent……
PETITION
1. Specific Legal Provision Under Which Petition is being filed: Filing of petition for availing final tariff for the financial year 2011-12 from Uttrakhand Power Corporation Limited for 1 MW Bio-methanation based Power Project of M/S. Bharat Bio Urja Limited u/s. 62(4) and 86 of Electricity Act 2003 read with the relevant regulations and guide lines of the commission. The petitioner respectfully submits the petition under section 62(1) (a) of Electricity Act 2003 before the honorable commission for determination of final tariff for the petition’s power project which has been approved by govt. of Uttarakhand vide letter no. 397/I(2)/2010-04(8)70/2008.
2. Limitation: None 3. Fact Of Case: 3.1 The Petitioner Company Bharat Bio Urja Limited (BBUL) was incorporated vide Corporate
Identity No. U74900UR2008PLC032676 in 2008-09. The Petitioner has poroposed to establish a 1 MW High Rate Bio Methanation based Power Plant at Village Imlikhera, Bloack Bhagwanpur, Distt. Haridwar, and has procured and developed a land of 23 bighas. The Technology and comprehensive project report is duly vetted by IIT Roorkee (duly vetted DPR enclosed). The cost of the project as appraised by IIT, Roorkee and is Rs. 13.90 Crore. The NOC from Uttarakhand Pollution Board is received. The Project is allotted by Govt of Uttarakhand vide letter no. 397/I(2)/2010-04(8)70/2008 dt. 17-2-2010. The proposed date for commercial production is 01-01-2012 (subject to PPA by UPCL). The financial closure has been done with Canara Bank, Clement Town, Dehra Dun. Placed at Annexure 1.
3.2 The Government of Uttarakhand declared a Policy for Promoting Generation of Electricity
through Renewable Energy Sources with Private Sector and Community Participation vide G.O. No. 263/I(2)/2008-04(8)-96/2001 dt. 29-01-08 (Enclosed Ann. ). The Policy aims to address waste to energy programme and is under thrust area for the Govt. of Uttarakhand as well as for the MNRE (GOI).
3.3 The Project is community based and aims to improve rural sanitation and is also covered
under CDM (Clean Development Mechanism) producing the GREEN Energy. The feed as raw material is cattle dung to be collected from nearby villages (within radius of 25 Kms) and municipal area of Dehra Dun, Haridwar and Roorke. The societies at village level are created for the collection of cattle dung The employment will be generated at the village level.
3.4 The extensive survey for availability of cattle dung is done and found that surplus feed is available for smooth running of the project.
3.5 In Biomethnation based power projects power generation and gas generation are at different point of time. The project is divided in two parts:
1. Methane Gas generation (is a continuous phenomenon) through cattle dung
digestion. Auxiliary Consumption shall be during the methane gas generation process.
2. Power generation through use of methane gas will be in peak hours and near peak hours.
Therefore, the company would require a power connection of 150 K.W. form UPCAL. 3.6 The policy also stipulated that the first right to purchase the power generated by these
projects shall be of UPCL.
3.7 The petitioner will start the construction of the Project as soon as tariff is approved by the Hon'ble UERC to meet the project cost and signing of PPA by UPCL.
3.8 The project falls under the category of High Rate Bio Methanation and it is not categorised
by Hon'ble UERC for the determination of the tariff. The fresh category under the title of Bio Gas based on the Project cost determining the cost of energy is requested.
3.9 Section 62 (1) (a) of the Electricity Act, 2003 empowers the state commission with the task
of determining tariffs for sale of electricity by a generating company to a distribution licensee. In case of the State of Uttrakhand, the Uttrakhand Electricity Regulatory Commission (hereinafter referred to as “the Hon’ble Commission” or “the UERC”) is the competent body to determine such tariffs.
3.10 The Hon’ble Commission was constituted in September 2001 and its Conduct of Business
Regulations were notified on October 24, 2002.
3.11 As per section 14 of the Notification No.F-9(21)/RG/UERC/2010/ 697, date 06/07/2010 issued by Uttarakhand Electricity Regulatory Commission, a generating company may make an application for fixation of tariff in respect of the completed units of generating station in such formats and along with such information which the Hon’ble commission may require from time to time.
3.12 BBUL is accordingly filing its tariff petition for 1 MW Bio Methanation (Bio gas) based
Power Plant before Hon’ble commission for the financial year 2012-13 for determination of tariff applicable to sale of power by the station to UPCL.
3.13 For computing the tariff, the petitioner has largely adopted the approach articulated in the
tariff regulations by the Hon’ble commission dated 6th July, 2010. 4. Cause of Action: In view of facts mentioned above we are applying for provisional tariff fixation for 20 years starting from the year 2012-13 under the category of Bio Gas. 5. Ground of Relief : The petitioner seeks the relief for provisional tariff as per the section 14 of the Notification No.F-9(21)/RG/UERC/2010/ 697, date 06/07/2010 issued by Uttarakhand Electricity Regulatory Commission, and accordingly worked out the tariff structure, and submits the same in the enclosure for necessary consideration. 6. Details of remedies exhausted: None. 7. Matter not previously filed for pending with any other court : None.
8. Relief Sought : In view of the above submissions, the petitioner, with a view to seek approval of Hon’ble commission, proposes the tariff structure for purchase of energy at levelised tarrif Rs. 9.05 per unit by UPCL. The petitioner therefore humbly prays to the Honorable Commission to take the petition on record and may please grant the said relief. 9. Interim Order, If any , prayed for. None. 10. Detailes of Index: Annexure – 1 : Affidavit Annexure – 2 : Statement of rate calculation offered by Petitioner Annexure – 3 : Board of Resolution. 11. Perticulars of fee remitted. Exempted for the RE Power Project upto 2 MW. 12. List of Enclosures
1. Auditor certificate on project expenditure as on 30.06.2010. 2. Audited Balance Sheet for the F.Y. 2008-09 & F.Y. 2009-10. 3. Copy of Board Resolution dated 02.07.2009 4. Copy of letter for award of Project from Govt. of Uttarakhand. 5. Copy of Policy for RE Projcts by Govt. of Uttarakhand. 6. Copy of Policy for RE Projcts by MNRE, Govt. of India. 7. Copy of NOC from Pollution Control Board of Uttarakhand. 8. Copy of DPR with Project Cost duly vetted by IIT, Roorkee. 9. Copy of agreement of contract with Plant & Machinery supplier on turn key
basis.. 10. Copy of sanctioned letters from financial Institutions (Canara Bank).
Petitioner
VERIFICATION
I, Shrikant Sharma, Executive Director of Bharat Bio Urja Limited , S/o. Sri. R.S. Sharma aged about 39 years, resident of 3/3 Ashirwad Enclave, Dhera Dun, Uttarakhand do hereby verify that the contents of para 1 to 10 are true to my personal knowledge and para 3.1 to 3.13 are derived from official records, which are true from record and para 1 to para 10 believed to be true on legal advise and that I have not suppressed any material fact.
Place : Dehra Dun Date : Signature of the Petitioner
Sl. No. Assumption Head Sub-Head Sub-Head(2) Unit Values
Installed Power Generation Capacity MW 1
Auxiliary Consumption factor % 16.03%
PLF (during stabilization upto 6 months) % 50
PLF (during 1st year after stabilization) % 50
PLF (2nd yr onwards) % 91.32%
Commercial Operation Date MM/YYYY 1/1/2012
Useful Life Years 20 Year
Normal Capital Cost Rs. Lakh/MW 1,326.78
Capital Cost Rs. Lakh 1,326.78
Subsidy adjustment factor 100%
Capital subsidy, if any (adjusted for tariff) Rs. Lakh 360.00
Net Capital Cost Rs. Lakh 966.78
Tariff Period Years 20 Years
Debt % 62%
Equity % 38%
Total Debt Amount Rs. Lakh 600.00
Total Equity Amount Rs. Lakh 366.78
Debt % 70%
Equity % 30%
Total Debt Amount Rs. Lakh 676.75
Total Equity Amount Rs. Lakh 290.03
Loan Amount Rs. Lakh 676.75
Moratorium Period Years 9 Months
Repayment Period( Include. Moratorium) Years 10
Interest Rate % 13.25%
Equity Amount Rs. Lakh 290.03
Return on Equity for first 10 years % p.a. 19.00%
Return on Equity 11th year on words % p.a. 24.00%
Depreciation Depreciation Rate for first 10 years % 7%
Depreciation rate for 11 years onwards % 2%
Incentives Generation Based incentives, if any Rs. Lakh p.a. 0
Period for GBI years 0
Rs. Lakh/MW 90.00
Rs. Lakh 90.00
% 5.72%
a) Fuel Cost for 4 months 4 Months 90.00
b) Operation & Management Expenses 1 Months 7.50
c) Receivable Equivalent to one Months 1 Months 56.70
d) Maintenance spare @ 15% of operation
and maintenance expenses 15% of (b) above 1.13
Total Working Capital
% p.a. 12.75%
Cattle Dung consumption per day TPD 200
Hours of operation hrs/anuum 8000
PLF % 91.32%
Cattle Dung consumption per annum TPA 66666.67
Gas Yield m3/day 10000
Units Exported kWh/day 18000
Units consumed for Auxiliaries kWh/day 3436
Units generated kWh/day 21436
Electrical Efficiency % 37%
Calorific Value of Gas kWh/day 57935
GCV of Gas kWh/m3 5.79
GCV of Gas Kcal/m3 4982.42
GCV of fuel Kcal/Kg. 249.12
Biomass Price (Cattle Dung):yr-1 Rs./MT 340
Cattle Dung consumption per day TPD 200
Hours of operation hrs/anuum 7008
PLF % 80.00%
Cattle Dung consumption per annum TPA 58400.00
Gas Yield m3/day 10000
Units Exported kWh/day 18000
Units consumed for Auxiliaries kWh/day 3436
Units generated kWh/day 21436
Electrical Efficiency % 37%
Calorific Value of Gas kWh/day 57935
GCV of Gas kWh/m3 5.79
GCV of Gas Kcal/m3 4982.42
GCV of fuel Kcal/Kg. 249.12
Biomass Price (Cattle Dung):yr-1 Rs./MT 340
Fuel price escalation Factor % p.a. 5%
Manure for sale per day TPD 27.66
Sale price of Manure Rs./Ton 1500
Note:
For Bharat Biourja Limited (Petitioner)
66666666.67 Authorised Signatory
79411764.71
4 Operation & Maintenance
Normative O&M expense
per annum Escalation factor for O&M expense
Station Heat Rate
(Proposed for Tariff)
Form 2.1 Form for High Rate Bio-Methanation Power Project Parameter Assumptions (Chapter xiv)
1 Power Generation Capacity
2 Project Cost Capital Cost/MW
Cattle dung prices has been taken taken at Rs. 340/- per ton. Increase in transportation cost or the cattle dung cost will increase the input cost and
Debt Equity (Actual)
Debt Equity
(Considered for tariff)
O&M expense
5 Working Capital
O&M expense
Maintenance Spare
Receivables Biomass
stock
6 Fuel Related Assumptions
Interest on working capital
Station Heat Rate
(Design)
3 Financial Assumptions
Debit Component
Equity Component
Sales of Manure
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Installed Capacity MW 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Net Generation LU 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56
Equity 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03
Opening Loan 676.75 609.07 541.40 473.72 406.05 338.37 270.70 203.02 135.35 67.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repayment 67.67 67.67 67.67 67.67 67.67 67.67 67.67 67.67 67.67 67.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Closing Loan 609.07 541.40 473.72 406.05 338.37 270.70 203.02 135.35 67.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Loan 642.91 575.23 507.56 439.88 372.21 304.54 236.86 169.19 101.51 33.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a) Fuel Cost for 4 months 66.19 69.50 72.97 76.62 80.45 84.47 88.70 93.13 97.79 102.68 107.81 113.20 118.86 124.80 131.05 137.60 144.48 151.70 159.29 167.25
b) Operation & Management Expenses 7.50 7.93 8.38 8.86 9.37 9.90 10.47 11.07 11.70 12.37 13.08 13.83 14.62 15.46 16.34 17.28 18.26 19.31 20.41 21.58
c) Receivable Equivalent to one Months 3.92 3.93 3.96 3.98 4.02 4.06 4.10 4.16 4.22 4.28 3.94 4.10 4.27 4.46 4.65 4.85 5.06 5.29 5.52 5.77
d) Maintenance spare @ 15% of operation
and maintenance expenses 1.13 1.19 1.26 1.33 1.41 1.49 1.57 1.66 1.76 1.86 1.96 2.07 2.19 2.32 2.45 2.59 2.74 2.90 3.06 3.24
Total Working Capital 78.73 82.55 86.57 90.79 95.24 99.92 104.84 110.02 115.46 121.19 126.79 133.21 139.95 147.04 154.48 162.31 170.54 179.19 188.28 197.84
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
O&M Expenses Rs. Lakh 90.00 95.15 100.59 106.34 112.43 118.86 125.66 132.84 140.44 148.48 156.97 165.95 175.44 185.48 196.08 207.30 219.16 231.69 244.95 258.96
Depreciation Rs. Lakh 92.87 92.87 92.87 92.87 92.87 92.87 92.87 92.87 92.87 92.87 26.54 26.54 26.54 26.54 26.54 26.54 26.54 26.54 26.54 26.54
Interest On Term Loan Rs. Lakh 85.19 76.22 67.25 58.28 49.32 40.35 31.38 22.42 13.45 4.48 - - - - - - - - - -
Interest On Working Capital Rs. Lakh 10.04 10.52 11.04 11.58 12.14 12.74 13.37 14.03 14.72 15.45 16.17 16.98 17.84 18.75 19.70 20.69 21.74 22.85 24.01 25.22
Return On Equity Rs. Lakh 55.11 55.11 55.11 55.11 55.11 55.11 55.11 55.11 55.11 55.11 69.61 69.61 69.61 69.61 69.61 69.61 69.61 69.61 69.61 69.61
Total Fixed Cost Rs. Lakh 333.20 329.87 326.86 324.19 321.87 319.93 318.39 317.27 316.60 316.39 269.28 279.08 289.43 300.37 311.92 324.14 337.05 350.68 365.10 380.33
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Cattle Dung Consumption Rs. Lakh 198.56 208.49 218.91 229.86 241.35 253.42 266.09 279.39 293.36 308.03 323.43 339.60 356.59 374.41 393.14 412.79 433.43 455.10 477.86 501.75
Less: Sales of Bio-Manure Rs. Lakh 121.15 127.21 133.57 140.25 147.26 154.62 162.35 170.47 178.99 187.94 197.34 207.21 217.57 228.45 239.87 251.86 264.46 277.68 291.56 306.14
Net Consumption Rs. Lakh 77.41 81.28 85.34 89.61 94.09 98.80 103.74 108.92 114.37 120.09 126.09 132.40 139.02 145.97 153.26 160.93 168.97 177.42 186.29 195.61
Power Consumption Rs. Lakh 37.91 39.80 41.79 43.88 46.08 48.38 50.80 53.34 56.01 58.81 61.75 64.84 68.08 71.48 75.06 78.81 82.75 86.89 91.23 95.79
Fossil Fuel (Coal) Rs. Lakh - - - - - - - - - - - - - - - - - - - -
Sub-Total (Fuel Costs) Rs. Lakh 115.32 121.08 127.14 133.49 140.17 147.18 154.54 162.26 170.38 178.89 187.84 197.23 207.09 217.45 228.32 239.74 251.72 264.31 277.52 291.40
Fuel Cost Allocable To Power % - - - - - - - - - - - - - - - - - - - -
Total Variable Cost Rs. Lakh 115.32 121.08 127.14 133.49 140.17 147.18 154.54 162.26 170.38 178.89 187.84 197.23 207.09 217.45 228.32 239.74 251.72 264.31 277.52 291.40
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Pu & O&M Expenses Rs./Kwh 1.71 1.81 1.91 2.02 2.14 2.26 2.39 2.53 2.67 2.82 2.99 3.16 3.34 3.53 3.73 3.94 4.17 4.41 4.66 4.93
Pu Depreciation Rs./Kwh 1.77 1.77 1.77 1.77 1.77 1.77 1.77 1.77 1.77 1.77 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50
Pu Interest On Term Loan Rs./Kwh 1.62 1.45 1.28 1.11 0.94 0.77 0.60 0.43 0.26 0.09 - - - - - - - - - -
Pu Interest On Working Capital Rs./Kwh 0.19 0.20 0.21 0.22 0.23 0.24 0.25 0.27 0.28 0.29 0.31 0.32 0.34 0.36 0.37 0.39 0.41 0.43 0.46 0.48
Pu Return On Equity Rs./Kwh 1.05 1.05 1.05 1.05 1.05 1.05 1.05 1.05 1.05 1.05 1.32 1.32 1.32 1.32 1.32 1.32 1.32 1.32 1.32 1.32
Pu Total Fixed Components (Fixed) Rs./Kwh 6.34 6.28 6.22 6.17 6.12 6.09 6.06 6.04 6.02 6.02 5.12 5.31 5.51 5.71 5.93 6.17 6.41 6.67 6.95 7.24
Pu Total Fixed Components (Variable) Rs./Kwh 2.19 2.30 2.42 2.54 2.67 2.80 2.94 3.09 3.24 3.40 3.57 3.75 3.94 4.14 4.34 4.56 4.79 5.03 5.28 5.54
Pu Total Fixed Components (Total) Rs./Kwh 8.53 8.58 8.64 8.71 8.79 8.89 9.00 9.12 9.27 9.42 8.70 9.06 9.45 9.85 10.28 10.73 11.20 11.70 12.23 12.78
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Discount Rate Rs./Kwh 13.83% 13.88% 13.93% 14.00% 14.07% 14.16% 14.28% 14.43% 14.64% 14.93% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84%
Discount Factors 1.00 0.88 0.77 0.68 0.59 0.52 0.45 0.40 0.35 0.30 0.26 0.22 0.19 0.17 0.14 0.12 0.11 0.09 0.08 0.07
Discount Tariff Components (Fixed) Rs./Kwh 6.34 5.51 4.79 4.17 3.63 3.16 2.75 2.40 2.09 1.81 1.33 1.19 1.07 0.96 0.86 0.77 0.69 0.62 0.56 0.50
Discount Tariff Components (Variable) Rs./Kwh 2.19 2.02 1.86 1.72 1.58 1.45 1.34 1.23 1.12 1.03 0.93 0.84 0.76 0.69 0.63 0.57 0.52 0.47 0.42 0.38
Discount Tariff Components (Total) Rs./Kwh 8.53 7.53 6.66 5.89 5.21 4.61 4.09 3.62 3.21 2.84 2.26 2.03 1.83 1.65 1.48 1.34 1.21 1.09 0.98 0.88
Levellised Tariff (Fixed) Rs./Kwh 6.11
Levellised Tariff (Variable) Rs./Kwh 2.94
Levellised Tariff (Total) Rs./Kwh 9.05
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 2.2 Form for High Rate Bio-Methanation Power Project Determination Of Tariff Components (Chapter xiv)
Unit Generation Unit
Year
Tariff Components (Fixed Charge) Unit
Year
Levellised Tariff Unit
Year
Tariff Components (Variable Charge) Unit
Year
Per Unit Tariff (Components) Unit
Year
1. Net Generation = (No of Hours per Annum X Unit Exported)/24
2. Workng Capital
a) Fuel Cost for 4 months = Cattle Dung Consumption/3
b) Operation & Management Expenses = O&M Expenses/12
c) Receivable Equivalent to one Months = (O&M Expenses+Depreciation+ Interest on Term Loan + Return
on Equity + Variable Expenses)/112
d) Maintenance spare @ 15% of operation
and maintenance expenses
= 15% of O&M Expenses
Total Working Capital = Totat of (a) to (d)
3. Tariff Components (Fixed Charge)
O&M Expenses = It has been assumed @ 90 Lacs for First year with increase of
5.74% per year
Depreciation = Capital Cost X 7% for first 10 years thereafter capital cost X 2%
for balance years
Interest On Term Loan = @13.25% on average balance of Term Loan
Interest On Working Capital = @ 12.75 % on working Capital
Return On Equity = @19% on Equity Capital for first 10 years, @24% on Equity
Capital from 11th year on words
Cattle Dung Consumption = (200 MT X Rs.340 X 7008 Hrs.)/24 Hrs.
Sales of Bio-Manure = (27.66 MT X Rs. 1500 X 7008 Hrs.)/24 Hrs.
Power Consumption = 150 K.W. X 24 Hrs. X 360 Days X 65% of Rs. 4.5
Fossil Fuel (Coal) = Nil
Fuel Cost Allocable To Power = Nil
4. Per Unit Tariff (Components)
Pu & O&M Expenses = Total O&M Expesnes/Net Generation
Pu Depreciation = Total Depreciation/Net Generation
Pu Interest On Term Loan = Total Interest on Term Loan/Net Generation
Pu Interest On Working Capital = Total Interest on Working Capital/Net Generation
Pu Return On Equity = (@19% on Equity Capital for first 10 years, @24% on Equity
Capital from 11th year on words )/Net Generation
Pu Total Fixed Components (Fixed) = Total Fixed Cost/Net Generation
Pu Total Fixed Components (Variable) = Total Variable Cost/Net Generation
Pu Total Fixed Components (Total) = (Total Fixed Cost+ Total Variable Cost)/Net Generation
5. Levellised Tariff
Discount Rate = (( Interest on Term Loan + Retrun on Equity ) X ( 1-
0.18X1.1X1.03))/(Equity + Average Loan)
Discount Factors = 1(1+ Discount Rate)
Discount Tariff Components (Fixed) = Pu Total Fixed Components ( Fixed) X Discount Factor
Discount Tariff Components (Variable) = Pu Total Fixed Components (Variable) X Discount Factor
Discount Tariff Components (Total) = Total of Discount Tariff Components (Fixed + Variable)
Levellised Tariff (Fixed) = Sum of Discount Tariff Components (Fixed) Divided by Sum of
Discount Factors
Levellised Tariff (Variable) = Sum of Discount Tariff Components (Variable) Divided by Sum
of Discount Factors
Levellised Tariff (Total) = Sum of Levellised Tariff (Fixed) and Levellised Tariff (Variable)
COADING OF FORM NO. 2.2
S. No. PARTICULARS CHAPTER NO.1 INSTALLED CAPACITY I
2 COST OF PROJECT II
3 MEANS OF FINANCE III
4 DETAIL OF LAND IV
5 TECHNICAL & COST ESTIMATE DETAIL OF PLANT BY IIT V
6 DETAIL OF MISC. FIXED ASSETS VI
7 ASSUMPTION OF PROFITABILITY VII
8 COST AND PROFITABILITY STATEMENT VIII
9 CASH FLOW STATEMENT IX
10 PROJECTED BALANCE SHEET X
11 CALCULATION OF WORKING CAPITAL XI
12 FINANCIAL EXPENSES & DSCR XII
13 DEPRECIATION XIII
14 Form 1: Calculation of Per Unit Rate XIV
15 Form 2-1 : Computation of Saleable Energy & Capacity Index XIV
16 Form 2-2 : Information on Energy Generated (MU) XIV
17 Form 2-3: Salient Features of Bio-Methanation Power Project XIV
18 Form 3 : Calculation of Net Annual Fixed Charges XIV
19 Form 4-1: Statement of Gross Fixed Asset Base & Financing Plan XIV
20 Form 4-2: Statement of Gross Fixed Asset Base & Financing Plan XIV
21 Form 5-1: Statement of Depreciation XIV
22 Form 5-2: Statement of Depreciation XIV
23 Form 6-1: Statement of Capital Expenditure from COD XIV
24 Form 6-2: Statement of Capital Works in Progress from COD XIV
25 Form 6-3: Statement of Capital Expenditure and Schedule of Commissioning for New Projects XIV
26 Form 6-4: Break-up of Capital Expenditure for New Projects XIV
27 Form 6-5(a) : Break up of Capital cost for Bio-Methanation Power Project (CIVIL WORK) XIV
28 Form 6-5(b) : Break up of Capital cost for Bio-Methanation Power Project (ELECTRO. & MECH.) XIV
29 Form 6-5(c) : Break up of Capital cost for Plant & Equipments XIV
30 Form 6-6: Break up of Capital Cost for Plant & Equipment on COD XIV
DPR INDEX
CALCULATION OF TARRIF (OLD FORMS) INDEX
31 Form 6-7: Break-up of Construction/Supply/Service packages XIV
32 Form 7: Detail of Capital Cost and Financing Structure XIV
33 Form 8: Details of Financial Packages XIV
34 Form 9-1: Statement of Outstanding Loans XIV
35 Form 9-2: Statement of Interest & Financing charges XIV
36 Form 9-3: Statement of Outstanding Loan, Interest & Financing charges during Tariff Year XIV
37 Form 10: Calculation of Amount of Working Capital XIV
38 Form 11-1: Details of Operation and Maintenance Expenses XIV
39 Form 11-2: Details of Employee Costs XIV
40 Form 12-1: Balance Sheet XIV
41 Form 12-2: Profit & Loss Account XIV
43 Auditor certificate on project expenditure
44 Audited Balance Sheet
45 Board Resolution
46 Letter for award of Project from Govt. of Uttarakhand
47 Policy for RE Projcts by Govt. of Uttarakhand
48 Policy for RE Projcts by MNRE by MNRE, Govt. of India
49 Copy of NOC from Pollution Control Board of Uttarakhand
50 Copy of agreement of contract with Plant & Machinery
51 Copy of sanctioned letters from financial Institutions (Canara Bank).
ENCLOSURES INDEX
CHAPTER-"I"
INSTALLED CAPACITY
A ) GREEN ENERGY
- Capacity : 1000 units per hour/ 1MW per hour
- Hours Per Day : 24 Hours
- Hours of Operation per Annum: 7008 Hours
- Effeciency Factor: 80%
-Units Exported per Day will be as under:
= 18000 Khw/Day
- Units Net Generated
=18000 X 7008/24 = 5256000
B ) BIO MANURE
27.66 Tones per day or say 9958 Tonnes per annum
CHAPTER-"II"
COST OF PROJECT
1,405.78
TOTAL
S.NO. PARTICULARS ESTIMATED
COST
in Lacs
1 168.00
2 444.30
3 654.86
4 59.62
( Including Interest during const. period)
TOTAL 1,326.78
5 79.00
Grand TOTAL 1,405.78
Note: Preliminary & Pre-operative expenses includes preliminary expenses of Rs. 2 Lacs
Working Capital
The total cost of setting up the project is estimated at approximately
Pre- Operative Expesnes
The estimated cost is based on data collected from detailed market survey and
consultations with various professionals and is as such realistic and need based
Plant & Machinery
Land & Site Dovelopment
Civil works as Per DPR
CHAPTER-"III"
MEANS OF FINANCE
TOTAL
S.NO. PARTICULARS AMOUNT
IN RS.
1 275.00
2 Unsecured Loan 61.78
3 600.00
4 Subsidy from MNES 360.00
5 Working Capital Limit for BANK 30.00
TOTAL 1,326.78
Equity Share Capital
Term Loan from Bank
Note: 1. 50% of subsidy from MNES i.e. Rs. 180 lacs will be released during implementation of
project and balance 50% i.e. Rs. 180 lacs will be released with in 60 days from the date of completion
of project.
2. The company requests the bank for sanction of bridge loan of Rs. 180 lacs to be adjusted
immediately on release of final instalment of subsidy of Rs. 180 lacs.
CHAPTER-"IV"
LAND & SITE DEVELOPMENT
LOCATION Imlikhera.
Block Bhagwanpur.
Thesil : Roorkee,
District : Haridwar
AREA 1 HECTARES / 12.5 BIGHAS (APPROX.)
COST of LAND & SITE Development 100.00 LACS
Add: Cost of Boundry wall 68.00 LACS
Total in Rs… 168.00 LACS
CHAPTER-"VI"
MISCELLANEOUS ASSETS
TOTAL
S.NO. PARTICULARS AMOUNT
IN RS.
1 2.00
2 Computer 1.00
TOTAL 3.00
Furniture & Fixture
( for the First year of Operation, thereafter as per the norms of UERC)
REVENUE
1. The unit shall commence commercial production w.e.f. 1st January, 2012.
2. The detail of Income is given below:
i) Green Energy: ( UPCL/ Uttaranchal Power Corporation Limited)
Net Saleable Energy 5,256,000.00
Annual Sales Relisation will be 52,56,000 units X Rs. 8.53 per unit.
= 448.34 Lacs
ii) Bio-Manure
Manure Sales per Day (a) TPD 27.66
Sale price of Manure (b) Rs./Ton 1,500.00
No. of Hours per Annum (c) Hrs. 7008
No. of Hours per Day (d) Hrs. 24
No. of Man Days (e)=[(c)/(d)] Days 292
Annual Sales Relisation (a) X(b)X(e) = Rs. 121.15 Lacs
It has been assumed that the revenue will increase 5% every year.
EXPENSES
1. Cattle Dung Consumption:
Per day consumtion of solid waste-cattle dung will be 200 M.T.
Hours of operations per annum 7008 hours
PLF 80%
Therefore, annual cost will be = (200 M.T. X 7008 Hrs. X 80 % X Rs. 340/-)/24 Hrs
= 198.56 Lacs
2. Power Consumption:
The power requirement is 150 K.W. Therefore annual cost will be
= 150 X 24 Hrs. X 360 Days X 65% of Rs. 4.50
= 37.91 Lacs
It has been assumed that the above expenses will increase 5% every year.
3. Salary & Wages
i) Direct Salary
CHAPTER-"VII"ASSUMPTIONS OF COST & PROFITABILITY STATEMENT
The following assumptions have been considered while preparing the cost and profitability
Particulars Nos. Salary Total
P.M. in Lacs Rs.
General Manager 1 80000 0.80
Manager 2 20000 0.40
Techinical Staff 5 7000 0.35
Un-skilled Workers 15 5000 0.75
Rs. 2.30 Lacs per month
Annual Direct Salary will be Rs. 27.60
i) Indirect Salary
Particulars Nos. Salary Total
P.M. in Lacs Rs.
CEO 1 100000 1.00
Area Manager 2 20000 0.40
Administrative Staff 5 6000 0.30
Rs. 1.70 Lacs per month
Annual Indirect Salary will be Rs. 20.40
Total Labour Wages & Salaries 48.00
It has been assumed that the above expenses will increase @ 5.72% every year (as per the norms of UERC)
3. Repair & Maintenance:
4. Depreciation:
Details are placed at Chapter XIV
5. Administrative & Selling Income:
This is estimated @ 12 Lacs for first year and will increase @ 5.72% every year (as per the norms of UERC)
6. Interest on Term Loan & Working Capital Limit:
Interest is estimated @ 13.25% p.a.
It has been assumed that the above expenses will increase @ 5.72% every year (as per the norms of UERC)
PROJECTED COST AND PROFITABILITY STATEMENT
YEARS
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
A. INCOME
Sales of
- Green Energy 448.34 470.75 494.29 519.01 544.96 572.20 600.81 630.85 662.40 695.52 730.29 766.81 805.15 845.41 887.68 932.06 978.66 1,027.60 1,078.98 1,132.92
TOTAL 448.34 470.75 494.29 519.01 544.96 572.20 600.81 630.85 662.40 695.52 730.29 766.81 805.15 845.41 887.68 932.06 978.66 1,027.60 1,078.98 1,132.92
B. VARIABLE CHARGES
- Raw Material Consumed 198.56 208.49 218.91 229.86 241.35 253.42 266.09 279.39 293.36 308.03 323.43 339.60 356.59 374.41 393.14 412.79 433.43 455.10 477.86 501.75
- Less: Sales of Bio-Manure 121.15 127.21 133.57 140.25 147.26 154.62 162.35 170.47 178.99 187.94 197.34 207.21 217.57 228.45 239.87 251.86 264.46 277.68 291.56 306.14
Net Consumption 77.41 81.28 85.34 89.61 94.09 98.80 103.74 108.92 114.37 120.09 126.09 132.40 139.02 145.97 153.26 160.93 168.97 177.42 186.29 195.61
- Power from UPCL* 37.91 39.80 41.79 43.88 46.08 48.38 50.80 53.34 56.01 58.81 61.75 64.84 68.08 71.48 75.06 78.81 82.75 86.89 91.23 95.79
C. TOTAL VARIABLE COST 115.32 121.08 127.14 133.49 140.17 147.18 154.54 162.26 170.38 178.89 187.84 197.23 207.09 217.45 228.32 239.74 251.72 264.31 277.52 291.40
D. FIXED CHARGES
O&M Expenses
- Direct Labour, Wages & Salaries 48.00 50.75 53.65 56.72 59.96 63.39 67.02 70.85 74.90 79.19 83.72 88.51 93.57 98.92 104.58 110.56 116.88 123.57 130.64 138.11
- General Administrative & Selling Exp. 12.00 12.69 13.41 14.18 14.99 15.85 16.75 17.71 18.73 19.80 20.93 22.13 23.39 24.73 26.14 27.64 29.22 30.89 32.66 34.53
- Repair & Maintenance 30.00 31.72 33.53 35.45 37.48 39.62 41.89 44.28 46.81 49.49 52.32 55.32 58.48 61.83 65.36 69.10 73.05 77.23 81.65 86.32
Total O & M Expenses 90.00 95.15 100.59 106.34 112.43 118.86 125.66 132.84 140.44 148.48 156.97 165.95 175.44 185.48 196.08 207.30 219.16 231.69 244.95 258.96
Depreciation 94.97 94.97 94.97 94.97 94.97 94.97 94.97 94.97 94.97 94.97 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14
Interest on Term Loan 85.19 76.22 67.25 58.28 49.32 40.35 31.38 22.42 13.45 4.48 - - - - - - - - - -
Interest on Working Capital 10.04 10.52 11.04 11.58 12.14 12.74 13.37 14.03 14.72 15.45 16.17 16.98 17.84 18.75 19.70 20.69 21.74 22.85 24.01 25.22
E. TOTAL FIXED COST 280.20 276.87 273.85 271.18 268.86 266.92 265.38 264.26 263.59 263.39 200.27 210.07 220.42 231.36 242.92 255.13 268.04 281.68 296.09 311.32
F. TOTAL COST (C+E) 395.51 397.95 400.99 404.67 409.03 414.10 419.92 426.53 433.97 442.28 388.11 407.30 427.51 448.81 471.24 494.87 519.76 545.99 573.61 602.72
F. PROFIT BEFORE TAXATION 52.82 72.80 93.30 114.33 135.92 158.10 180.90 204.33 228.43 253.24 342.18 359.51 377.64 396.60 416.44 437.19 458.90 481.61 505.36 530.21
[D-(E+F+G+H)]
G. PROVISION FOR TAXES 9.51 13.10 16.79 20.58 24.47 28.46 32.56 36.78 41.12 45.58 61.59 64.71 67.97 71.39 74.96 78.69 82.60 86.69 90.97 95.44
H. NET PROFIT AFTER TAXATION 43.31 59.70 76.51 93.75 111.46 129.64 148.33 167.55 187.31 207.65 280.59 294.80 309.66 325.21 341.48 358.50 376.30 394.92 414.40 434.77
I. DEPRECIATION & INTEREST ADD BACK 180.16 171.19 162.23 153.26 144.29 135.33 126.36 117.39 108.42 99.46 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14
J. NET CASH ACCRUALS 223.47 230.89 238.73 247.01 255.75 264.97 274.69 284.94 295.74 307.11 307.73 321.93 336.80 352.35 368.62 385.63 403.44 422.06 441.53 461.90
Note:
* 1. The project is divided in two parts:
1. Methane Gas Generation through cattle dung digesation.
2. Power generation using methane gas.
Power generation is targated during the peak hours, while auxiliary consumption shall be on 24 hour basis. Therefore, the generation plant would need 150 K.W. of power connection from UPCL.
2 Value of Sales have been calculated for a 1 MW plant operation at 80% efficiency producing 18000 units of electricity, for which PPA have been executed at 3.32 Rs. Per unit.
3 Cost of Sales includes the Manure Sales cost at 1500 Rs. Per Ton
4 Depreciation have been calculated on straight line method @ 7% for first 10 years and 2% for the balance 10 years.
5 Interest and Principal have been served @ a3.25% amortised for 10 years
CHAPTER-"VIII"
Rs. In Lacs
PROJECTED
CHAPTER 'X' OF PROJECTED BALANCESHEET Rs. in Lacs. Rs. in Lacs.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
LIABILITIESEQUITY SHARE CAPITAL 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00
RESERVE & SURPLUS
- Subsidy from MNES 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00
- Reserve & Surplus 43.31 103.01 179.52 273.27 384.73 514.38 662.71 830.26 1,017.57 1,225.23 1,505.82 1,800.62 2,110.28 2,435.49 2,776.97 3,135.47 3,511.77 3,906.69 4,321.09 4,755.86
SECURED LOANS
Term Loan From Bank 609.07 541.40 473.72 406.05 338.37 270.70 203.02 135.35 67.67 - - - - - - - - - - -
UNSECURED LOANS
from Directors & Relatives 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78
CURRENT LIABILITIES &
PROVISIONS
Working Capital Limit 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00
TOTAL RS. ... 1,379.17 1,371.19 1,380.02 1,406.10 1,449.88 1,511.85 1,592.51 1,692.39 1,812.03 1,952.01 2,232.60 2,527.40 2,837.06 3,162.27 3,503.75 3,862.25 4,238.55 4,633.47 5,047.87 5,482.64
ASSETSFIXED ASSETS 1,261.81 1,166.83 1,071.86 976.88 881.91 786.93 691.96 596.98 502.01 407.03 454.90 447.76 420.63 403.49 386.36 369.22 352.08 334.95 317.81 300.68
INVESTMENTS 80.00 120.00 140.00 160.00 190.00 220.00 250.00 280.00 310.00 340.00 370.00 400.00 430.00 460.00 490.00 520.00 550.00 580.00 610.00 640.00
CURRENT ASSETS
Cash & Bank Balances (30.00) 15.13 96.98 195.97 302.56 427.24 570.49 732.83 914.82 1,117.01 1,316.84 1,585.73 1,889.33 2,198.33 2,523.42 2,865.36 3,224.91 3,602.89 4,000.14 4,417.55
Stock in Hand 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00
Sundry Debtors 37.36 39.23 41.19 43.25 45.41 47.68 50.07 52.57 55.20 57.96 60.86 63.90 67.10 70.45 73.97 77.67 81.56 85.63 89.91 94.41
TOTAL RS. ... 1,379.17 1,371.19 1,380.02 1,406.10 1,449.88 1,511.85 1,592.51 1,692.39 1,812.03 1,952.01 2,232.60 2,527.40 2,837.06 3,162.27 3,503.75 3,862.25 4,238.55 4,633.47 5,047.87 5,482.64
- - - - - - - - - - - - - - - - - - - -
CHAPTER 'IX' OF CASH FLOW STATEMENT
Rs. in Lacs.
PARTICULARS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
CASH INFLOW
Cash Accruals 223.47 230.89 238.73 247.01 255.75 264.97 274.69 284.94 295.74 307.11 307.73 321.93 336.80 352.35 368.62 385.63 403.44 422.06 441.53 461.90
(After Tax & Before Interest)
Equity Share Capital 275.00 - - - - - - - - - - - - - - - - - - -
Term Loan From Bank 676.75 - - - - - - - - - - - - - - - - - - -
YEAR
PARTICULARS
Unsecured Loans 61.78 - - - - - - - - - - - - - - - - - - -
Central Subsidy (MNES) 360.00 - - - - - - - - - - - - - - - - - - -
Working Capital Limit 30.00 - - - - - - - - - - - - - - - - - - -
TOTAL (A) 1,627.00 230.89 238.73 247.01 255.75 264.97 274.69 284.94 295.74 307.11 307.73 321.93 336.80 352.35 368.62 385.63 403.44 422.06 441.53 461.90
CASH OUTFLOW
Fixed Assets purchased 1,356.78 - - - - - - - - - 75.00 20.00 - 10.00 10.00 10.00 10.00 10.00 10.00 10.00
Investments 80.00 40.00 20.00 20.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00
Term Loan Repayment 152.86 143.89 134.93 125.96 116.99 108.03 99.06 90.09 81.12 72.16 - -
Increase in Current Assets 67.36 1.87 1.96 2.06 2.16 2.27 2.38 2.50 2.63 2.76 2.90 3.04 3.20 3.35 3.52 3.70 3.88 4.08 4.28 4.50
TOTAL (B) 1,657.00 185.76 156.89 148.02 149.15 140.30 131.44 122.60 113.75 104.92 107.90 53.04 33.20 43.35 43.52 43.70 43.88 44.08 44.28 44.50
OPENING BALANCE - (30.00) 15.13 96.98 195.97 302.56 427.24 570.49 732.83 914.82 1,117.01 1,316.84 1,585.73 1,889.33 2,198.33 2,523.42 2,865.36 3,224.91 3,602.89 4,000.14
NET SURPLUS ( A-B ) (30.00) 45.13 81.84 98.99 106.60 124.67 143.25 162.35 181.99 202.19 199.83 268.89 303.60 308.99 325.09 341.94 359.55 377.98 397.25 417.41
CLOSING BALANCE (30.00) 15.13 96.98 195.97 302.56 427.24 570.49 732.83 914.82 1,117.01 1,316.84 1,585.73 1,889.33 2,198.33 2,523.42 2,865.36 3,224.91 3,602.89 4,000.14 4,417.55
(30.00) 15.13 96.98 195.97 302.56 427.24 570.49 732.83 914.82 1,117.01 1,316.84 1,585.73 1,889.33 2,198.33 2,523.42 2,865.36 3,224.91 3,602.89 4,000.14 4,417.55
0.00 0.00 0.00 0.00 0.00 0.00 - - - - - - - - - - - - - -
CHAPTER 'XI' OF CALCULATION OF WORKING CAPITAL
SL. NO. PARTICULARS PERIOD AMOUNT
A. INVENTORY
Raw Material - Nil
Bio- Manure - Nil
B. SUNDRY DEBTORS
Uttranchal Power Corporation Limited 1 Months 37.36
Others 1 Months -
C. TOTAL CURRENT ASSETS (A + B) 37.36
D. CURRENT LIABILITIES
Sundry Creditors Lump Sum 10.00
Expenses Payable Lump Sum 5.92
E. TOTAL CURRENT LIABILITIES 15.92
F. WORKING CAPITAL (C-E) 21.44
G. BANK FINANCE 75% OF Above 16.08
H. MARGIN MONEY FOR WORKING CAPITAL 5.36
CHAPTER -"XIII" OF OF CALCULATION OF DEPRECIATION
PARTICULARS
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
LAND & BUILDING 156.24 144.48 132.72 120.96 109.20 97.44 85.68 73.92 62.16 50.40 47.04 43.68 40.32 36.96 33.60 30.24 26.88 23.52 20.16 16.80
BUILDING & SUPER- STRUCTURE 413.20 382.10 351.00 319.90 288.80 257.69 226.59 195.49 164.39 133.29 124.40 115.52 106.63 97.75 88.86 79.97 71.09 62.20 53.32 44.43
PLANT & MACHINERY 609.02 563.18 517.34 471.50 425.66 379.82 333.98 288.14 242.30 196.46 258.36 265.26 252.17 249.07 245.97 242.87 239.78 236.68 233.58 230.49
OTHER FIXED ASSETS 83.35 77.07 70.80 64.53 58.25 51.98 45.71 39.43 33.16 26.89 25.09 23.30 21.51 19.72 17.92 16.13 14.34 12.55 10.75 8.96
TOTAL 1261.81 1166.83 1071.86 976.88 881.91 786.93 691.96 596.98 502.01 407.03 454.90 447.76 420.63 403.49 386.36 369.22 352.08 334.95 317.81 300.68
YEAR WISE COST INCURRED IN PURCHASE OF FIXED ASSETS
PARTICULARS
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
LAND & BUILDING 168.00
BUILDING & SUPER- STRUCTURE 444.30 - - - - - -
PLANT & MACHINERY 654.86 75 20 0 10 10 10 10 10 10 10
OTHER FIXED ASSETS ( INCLD. WC) 89.62 - - - - - -
TOTAL 1356.78 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 75.00 20.00 0.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
NOTE: The cost of fixed assets indludes Pre- operative Expenses of Rs. 61.62 Capatilised.
YEAR WISE DEPRECIATION
PARTICULARS RATE OF
DEP. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
LAND & BUILDING 7.00% 11.76 11.76 11.76 11.76 11.76 11.76 11.76 11.76 11.76 11.76 3.36 3.36 3.36 3.36 3.36 3.36 3.36 3.36 3.36 3.36
BUILDING & SUPER- STRUCTURE 7.00% 31.10 31.10 31.10 31.10 31.10 31.10 31.10 31.10 31.10 31.10 8.89 8.89 8.89 8.89 8.89 8.89 8.89 8.89 8.89 8.89
-
PLANT & MACHINERY 7.00% 45.84 45.84 45.84 45.84 45.84 45.84 45.84 45.84 45.84 45.84 13.10 13.10 13.10 13.10 13.10 13.10 13.10 13.10 13.10 13.10
-
OTHER FIXED ASSETS 7.00% 6.27 6.27 6.27 6.27 6.27 6.27 6.27 6.27 6.27 6.27 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79
TOTAL 94.97 94.97 94.97 94.97 94.97 94.97 94.97 94.97 94.97 94.97 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14
(Rs. in lacs)
YEAR WISE WDV
YEAR WISE COST
YEAR WISE DEPRECIATION
CHAPTER "XII" OF FINANCIAL EXPENSES
INTEREST ON TERM LOANS
Years Opening Closing Average Total
Balance Balance Balance Interest
YEAR I 676.75 609.07 642.91 85.19
YEAR II 609.07 541.40 575.23 76.22
YEAR III 541.40 473.72 507.56 67.25
YEAR IV 473.72 406.05 439.88 58.28
YEAR V 406.05 338.37 372.21 49.32
YEAR VI 338.37 270.70 304.54 40.35
YEAR VII 270.70 203.02 236.86 31.38
YEAR VIII 203.02 135.35 169.19 22.42
YEAR IX 135.35 67.67 101.51 13.45
YEAR X 67.67 - 33.84 4.48
TOTAL (RS.IN LACS) 448.34
LOAN REPAYMENT SCHEDULE
Years PRINCIPAL INTEREST TOTAL
YEAR I = 67.67 85.19 152.86
YEAR II = 67.67 76.22 143.89
YEAR III = 67.67 67.25 134.93
YEAR IV = 67.67 58.28 125.96
YEAR V = 67.67 49.32 116.99
YEAR VI = 67.67 40.35 108.03
YEAR VII = 67.67 31.38 99.06
YEAR VIII = 67.67 22.42 90.09
YEAR IX = 67.67 13.45 81.12
YEAR X = 67.67 4.48 72.16
Total Rs (in lacs) 676.75 448.34 1125.09
DEBT SERVICE COVERAGE RATIO (DSCR)
= Cash Accruals + Interest on Term Loan
Principal + Interest
YEAR 1 = 1.46
YEAR 2 = 1.60
YEAR 3 = 1.77
YEAR 4 = 1.96
YEAR 5 = 2.19
YEAR 6 = 2.45
YEAR 7 = 2.77
YEAR 8 = 3.16
YEAR 9 = 3.65
YEAR 10 = 4.26
Average DSCR 2.53
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'PROJ.P&L'!X24
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6
Name of the Power Station: Bharat Biourja Limited.
(1) (2) (3) (4)
1 Gross Annual Fixed Charges (Form-3) (Rs. Crore) 4.48
2 Saleable Energy (Form-2) (MU) 5.26
3 Per unit Rate of Saleable Energy (1/2) (Rs./unit) 8.53
4Design Energy (net of aux. cons., trans. loss &
home state share) [Row 14, form 2-1](MU)
5.26
5Per unit Rate of Design Energy (net of aux.
cons., trans. loss & home state share) [1/4](Rs./unit)
8.53
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 1: Calculation of Per Unit Rate (Old Form)
ParticularsSl.No UnitProjected Financial
Year 2011-12
Name of the Power Station: Bharat Biourja Limited.
(1) (2) (3) (10)
1 Installed Capacity (MW) 1
2 Date of commercial operation 1/1/2012
Type of Station
a) Surface (Yes/No) Yes
b) Underground (Yes/No) No
Type of excitation
a) Rotating exciters on generator (Yes/No) Yes
b) Static excitation (Yes/No) No
5 Design Energy as per TEC (Annual) (MU) 6.57
6 Estimated Energy Generated (MU)
6(a) Primary Energy (Estimated Energy upto Design Energy) (MU) 5.256 (80 % PLF)
6(b) Secondary Energy (Energy above Design Energy) (MU) -
Auxiliary Consumption ( Purchased from UPCL)
(a) In % of Energy Generated (%) 0.00
(b) In MU (MU) 0.00
Transformation lossess
(a) In % of Energy Generated (%) 1
(b) In MU (MU) 0.00
9 Energy Sent Out (6-7b-8b) (MU) 5.256
10 Home State Share (%) 100%
11 Saleable Energy {(9)x[1-(10)]} (MU) 5.256
12 Saleable Primary Energy (MU) 5.256
13 Saleable Secondary Energy (MU) 0.000
14 Design Energy (net of aux. cons., trans. loss & home state share) {[(5)-7(b)-
8(b)]*[1-(10)]}
15 Capacity Index 6.57
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
4
7
8
Projected
Financial Year
2011-12
Description
Form 2-1 : Computation of Saleable Energy & Capacity Index
UnitSl.
No.
3
Name of the Power Station: Bharat Biourja Limited.
(1) (2) (3) (4) (In MU)
1 April 0.55 0.44
2 May 0.55 0.44
3 June 0.55 0.44
4 July 0.55 0.44
5 August 0.55 0.44
6 September 0.55 0.44
7 October 0.55 0.44
8 November 0.55 0.44
9 December 0.55 0.44
10 January 0.55 0.44
11 February 0.55 0.44
12 March 0.55 0.44
Note: Data Submitted in Projected figures for generation at 80% PLF
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 2-2 : Information on Energy Generated (MU)
Sl.No. MonthDesign Energy (In MU)
(Project Capacity)Projected for Energy generation at 80% PLF
Name of the Power Station: Bharat Biourja Limited.
1. LocationState/District Uttaranchal / Haridwar
Region/Village Roorkee (Imlikhers)
2. Type of Input
Cattle Dung 200 M.T./Day
Dry Solid Present in feed 32 M.T./Day
Total Volotile Solid present in Feed 25.6 M. T./Day
3. Collection
Area of Collection 35 KM from Imlikhera
Mode of Collection By Tractor Trolley
4. By-Product
Digested Manure
Total Amount of Digested Slurry 307.33 TPD
Total Solids after Degustation 19.33 TPD
Amount of Dried Bo- Fertilizer 27.66 TPD
Manure Water 252 TPD
Amount of water Evapourated 31 TPD
Net Amount of Water available for Discharged to
Field Irrigation
1. Reused in Plants 120 TPD
2. Released to Fields for Irregation 101 TPD
5. Disposal of By-Product
Digested Manure Offered to farmers @ Rs. 1500/-per M.T.
Manure Water Offered to local farmers free of cost.
6. Cattle Dung Collection
Type Tractor Trollies on community basis.
Size 5 tones of cattle dung per trolley
7. Pollution Reduction
Capturing of Methane 5 M.T. per day
Green Power Generation 12000 units per day
CO2 Bottling (Future Expansion) 20 M.T. per day.
8. Rural Development
Sanitation in Villages Cattle Dung is a major sanitation problem in
villages, its removal will keep village clean and
would take extra income for poor, as cost of cattle
dung.
Availability of High Quality Manure Project will make available high quality organic
quality organic manure to farmers to boost the
organic farming.
9. Power House
Type Bio-Meth nation
Installed capacity (No of units x MW) 3 X 0.35 M.W.
Peaking capacity during lean period (MW) 1 M.W.
Type of Generator Bio-Gas Generator
10. Switchyard
Type of Switch gear VCB & SF6 Breakers
No. of generator bays Three
No. of Bus coupler bays Three
No. of line bays Three
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 2-3: Salient Features of Bio-Methanation Power Project
Name of the Power Station: Bharat Biourja Limited.
(1) (2) (11)
1 Interest on Loan (As per Form 9) 0.85
2 Depreciation (As per Form 5) 0.93
3 Advance Against Depreciation
(a) Loan repayment during year (As per Form 9) 0.68
(b) 1/10th of Loan (As per Form 9) 0.77
(c) Amount Admissible under AAD [Minimum of (a) and (b)] 0.68
(d) Advance Against Depreciation (AAD) [only if +ve]{3(c) - 2} 0.00
4 Return on Equity
(a) Rate of Return on Equity 13.25%
(b) Equity (As per Form 7, with the ceiling specified in Regulation 18) 2.75
(c) Return on Equity Incl. of Income tax 0.54
5 O&M Expenses (As per Form 11-1) -Incl of Insurance Charge & taxation 2.05
6 Interest on Working Capital (As per Form 10) 0.10
7 Gross Annual Fixed Charges (1+2+3(d)+4(c)+5+6) 4.48
8 Less; Other Income (Provide Details below) 0
(a) Sale of Bio- Manure ( 16200 M. T. ) 0
(b) Component 2, etc. 0
9 Net Annual Fixed Charges (8-9) 4.48
Note :
Rs. In Lacs
Total Projected Profit for Seven Years = 425.92
Average Projected Profit for one Year = 60.85
Capital Investments = 275
Average ROI = 14 %
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 3 : Calculation of Net Annual Fixed Charges (Rs. in Crore)
Sl.No. Year ending March Projected Financial Year 2011-12
2. Average Profit over seven years has been calculated to be 14%.
1. As advance Admissiableunder AADminus depreciation is negative, so taken at zero.
Name of the Power Station: Bharat Biourja Limited. Year: 2011-12
Final Approved Cost as on Commercial Operations Date @
Capital Expenditure Date of commercial operation
(a) Power Project of One M.W. 13.27 1/1/2012
Original Financing Plan (Unitwise)
Debt 1 Canara Bank, Clement Town Dehradun 6.00
Debt 2 Cash Credit Limit 0.30
Debt 3 Unsecured Loans 0.62
Equity Share Capital 2.75
Quasi-Equity ( Subsidy from MNES) 3.60
Particulars of AssetsBalance at the
beginning of the yearAdditions during the year
Retirement of assets
during the year
Balance at the end of
the year
(1) (2) (3) (4) (5)
a) Land 0.00 1.33 1.33
b) Building 0.26 0.26
c) Major Civil Works 0.00
d) Plant & Machinery 0.00 11.35 11.35
e) Vehicles 0.00 - 0.00
f) Furniture and Fixtures 0.00 0.02 0.02
g) Office Equipment & Other Items 0.00 0.31 0.31
Total 0.00 13.27 13.27
Note:
1. The cost of fixed assets includes Pre- operative Expenses of Rs. 61.62 Lacs Capatilised.
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 4-1: Statement of Gross Fixed Asset Base & Financing Plan (Amount in Rs Crore)
Rupee Term Loan
Foreign Currency Loan
Equity
0.00
Name of the Power Station: Bharat Biourja Limited. Year: 2011-12
Particulars of Assets
Balance at the
beginning of the
year 2011-12
Additions during
the year already
undertaken
Additions during
the year proposed
to be undertaken
2011-12
Retirement of assets
during the year
already undertaken
Retirement of assets
during the year
proposed to be
undertaken
Balance at the end
of the year
(1) (2) (3a) (3b) (4a) (4b) (5)
a) Land 0.00 1.33 1.33
b) Building
c) Major Civil Works
d) Plant & Machinery incl. erection, taxes & duties, T.Lne 0.00 11.35 11.35
e) Vehicles 0.00 - 0.00
f)Furniture and Fixtures 0.00 0.02 0.02
g) Office Equipment & Others incl.T Line 0.00 0.31 0.31
Total 0.00 13.27 13.27
Note:
- As per Projected data for the projected financial year 2011-12.
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 4-2: Statement of Gross Fixed Asset Base & Financing Plan (Amount in Rs Crore)
0.00 0.260.26
Name of the Power Station: Bharat Biourja Limited. Year 2011-12
Particulars of AssetsRate of Depreciation
in %
Accumulated
depreciation at the
beginning of the year
Depreciation provided
for the year
Withdrawls during the
year
Balance of
accumulated
depreciation at the
end of the year
(1) (2) (3) (4) (5) (6)
a) Land 7.00% - 0.09 0.09
b) Building 7.00% - 0.02 0.02
c) Major Civil Works 7.00% - 0.00 0.00
d) Plant & Machinery 7.00% - 0.79 0.79
e) Vehicles 7.00% - 0.00 0.000
f)Furniture and Fixtures 7.00% - 0.00 0.001
g) Office Equipment & Others 7.00% - 0.02 0.02
Total - 0.93 - 0.93
Note:
i) Depreciation for any future year will be charged based on the Opening and Closing Balance for that particular year
iii) Details of Depreciation charged on FERV may also be furnised, if applicable.
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 5-1: Statement of Depreciation (Rs. in Crore)
ii) Details shall be given in the above format from COD to preceding year on actual data and for Tariff Year on projected data, separately for each year.For the current year provide the
information in the form 5-2.
Name of the Power Station: Bharat Biourja Limited. 2011-12
Particulars of AssetsRate of
Depreciation in %
Accumulated
depreciation at the
beginning of the
year
Depreciation
provided for the
year on assets,
for Project Year
2011-12
Withdrawls
during the year
already
undertaken
Withdrawls
during the year
proposed to be
undertaken
Balance of
accumulated
depreciation at the
end of the year
(1) (2) (3) (4) (5a) (5b) (6)
a) Land 7.00% 0.09 0.09
b) Building 7.00% 0.02 0.02
c) Major Civil Works 7.00% 0.00 0.00
d) Plant & Machinery 7.00% 0.79 0.79
e) Vehicles 7.00% 0.00 0.00
f)Furniture and Fixtures 7.00% 0.00 0.00
g) Office Equipment & Others 7.00% 0.02 0.02
Total - 0.93 - - 0.93
Note:
i) Depreciation for any future year will be charged based on the Opening and Closing Balance for that particular year For Bharat Biourja Limited (Petitioner)
ii) Details of Depreciation charged on FERV may also be furnised, if applicable.
Authorised Signatory
Form 5-2: Statement of Depreciation (Rs. in Crore)
Name of the Power Station: Bharat Biourja Limited.
Final Approved Cost as on COD@:
FY of COD -------- Preceding Year Tariff Year
Actual
Expenditure as
per actual Data
Expected
Expenditure in
balance period
Total
(1) (2) (3) (4) (5a)* (5b)** (6) (7) (8) (9) (10) (11)
A) Expenditure Details
a) Land
b) Building
c) Major Civil Works
d) Plant & Machinery
e) Vehicles
f)Furniture and Fixtures
g) Office Equipment &
Others
Total (A)
B) Break up of sources of financing
Rupee term Loan
Debt 1
Debt 2 * Foreign Currency Loan
Debt 1
Debt 2 * Equity
In Rupees
In Foreign Currencyc) Others (Please specify)
Total (B)
Note:
i) @Approved or Actual Cost which ever is Less
ii) The break up wherever required and necessary may be given in respect of Loans and Equity financing supported with respective loan documents etc.
iii) Copies of Approval from competent authorities may be furnished in respect of cost of project, its components and scheme of finance.
v) Remark++: Explain for the causes of deviation if the total actual expenditure is different from that approved by UERC or the authoridsed agencies For Bharat Biourja Limited (Petitioner)
vi)* Information has to be provided From C.O.D. to tariff year, hence columns may be inserted whereever required
* - As per actual data for current Financial Year - The period to be specified
** - Based on estimate for balance period of the curent Financial Year - The period to be specified Authorised Signatory
Form 6-1: Statement of Capital Expenditure from COD (Rs. in Crore)
Particulars
iv) Remark+: Explain for the causes of deviation if the actual expenditure during the current year is expected to be different from that approved by UERC or other authorised agencies
Remarks+
Total Expenditure
Approved by
Competent
Authority
Total
Expenditure
Actually
Incurred
Remarks++
Current Year
Name of the Power Station: Bharat Biourja Limited.
Particulars Year 1 -------- Current Year Tariff Year
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
Opening balance of CWIP
Add: New Investment
Capital Expenditure
Expenses Capitalised
Interest During Construction
Less: Investment Capitalised
Comprising:
Transfer to GFA (excl. IDC & Expenses Cap.)
Transfer to GFA (IDC)
Transfer to GFA (Expenses Cap.)
Closing balance of CWIP
Note:
i) Year 1 is the financial year closing after COD of project. For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 6-2: Statement of Capital Works in Progress from COD (Rs. in Crore)
Preceding Years
Name of the Power Station: Bharat Biourja Limited.
Name of Agency approving the Project Cost Estimates Canara Bank, Clement Town, Dehradun
Date of Approval of Capital Cost Estimate January, 2012
Present Day Cost (As on
01.01.2012)
Completed Cost (As on
Scheduled COD)
Approved Cost 13.27 13.27
Foreign Exchange Rate considered for capital cost estimates
Cost Details
A) Basic Cost Currency Exchange Rate Amount (Rs. Crore)
Foreign Component N.A.
Domestic Component 12.67
Total Basic Cost a 12.67
B) IDC &FC
IDC- Foreign Component N.A.
IDC- Indian Component 0.60
Total IDC &FC b 0.60
C) Total Cost (Including IDC and FC) c=(a+b) 13.27
Rate of Taxes and Duties Considered
Schedule of Commissioning
Power Project of One M.W. 1/1/2012
Note:
i) Copy of Approval Letter to be enclosed For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 6-3: Statement of Capital Expenditure and Schedule of Commissioning for New Projects (Rs. in Crore)
Name of the Power Station: Bharat Biourja Limited.
Name of Agency approving the Project Cost Estimates Canara Bank, Clement Town, Dehradun
Date of Approval of Capital Cost Estimate January, 2012
Year 1 ----- Current Year
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
A) Expenditure Details
a) Land 0.62 0.62 0.62
b) Building
c) Major Civil Works
d) Plant & Machinery 0.04 0.04 0.04
e) Vehicles 0.00 0.00 0.00
f)Furniture and Fixtures 0.00 0.00 0.00
g) Office Equipment & Others 0.01 0.00 0.00
Total (A) 0.66 0.66 0.66
B) Break up of sources of financing
a) Loans/ Borrowings - 0.00 0.00
b) Equity 0.78 0 0.78
c) Others (Subsidy MNEW) - 0.00 0.00
Total (B) 0.78 - 0.78
Note:
i) Year 1 is the first year of project and expense booking is carried on the name of project.
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
0 0.00 0.00
Form 6-4: Break-up of Capital Expenditure for New Projects (Rs. in Crore)
Total
Expenditure
Incurred upto
01/07/2010Expenditure Actually Incurred
Remarks++
Total Expenditure
Approved by
Competent
Authority
Difference
between
column 6
and 7
Total Expenditure
supposed to be
incured till current
year, as per the
approved plan
Projected
Financial Year
2011-12
Particulars
Name of the Power Station: Bharat Biourja Limited. (Rs. in crore)
Sl.
No.Head of works
Original cost as
per projections
Acutal cost
incurred uptill
01/07/2010
Variation Reasons for
variation
1 2 3 4 5 61.0 Infrastructure Works 1.1 Preliminary including Development (Not
included in DPR)
1.1 (a) Land & Land Development 1.0000 -
1.1 (b) Boundry Wall 0.6800 -
Subtotal of Civil work not Included in DPR 1.6800
Civil Work as per DPR1.2 Buildings -
1.2(a) Administrative Office (8 m. X 6m. X 4m.) 0.0389
1.2(b) Control Room ( 8m. X 8m. X 4m.) 0.0458
1.2(c) Laboratory (8 m. X 6m. X 4m.) 0.0389
1.2(d) Security Office (6m. X 6m. X3m.) 0.0257
1.2(E) Electricity Station (10m. X 8m. X 4m.) 0.0520
1.2(f) Weingh Bridge (5m. X 2m. X 1m.) 0.0300
1.2(g) Fire Fighting Station ( 6m. X 6m. X 3m.) 0.0257
1.2(h) Manure Drying Yard ( 100m. X 45m x 7m.) 1.7241
Total Building (As per DPR) 1.9811
1.3 Other Civil Works (to be specified) - -
1.3(a) Surface Dressing for whole area 0.0051 -
1.3(b) Collection & Homogenization Tanks (size 12m.
X 12m. X 5.1m. & 12m. X 10m. X 4.1m)
0.2929 -
1.3(c) Dry Well (6m. X 5m. X 7.5m.) 0.0976 -
1.3(d) Digester ( 2 Nos.) ( 18m dia X 25m hight) 1.2672 -
1.3(e) Bio-Desulphurizer packed column ( size 1.52m
dia x 5.2m hight)
0.0657
1.3(f) Effluent Buffer Tank ( Size 10.5m dia x 4.6m
hight)
0.1022
1.3(g) Dewatering Station Yard (size 14.2m X 10.2m X
4m hight)
0.0909
1.3(h) Hooper Bottom settling Tank ( size 4m dia x 2m
hight)
0.0711
1.3(i) Press Water Collection Tank ( Size 4m Dia X 3m.
Hight)
0.1101
1.3(j) Aeration Tank (size 21m. X 13m. X 4.5m) 0.2070
1.3(k) Secondary Clerifiar (4.1m. Dia X 4.2m. Hight) 0.1520
Sub Total of Other Civil Works 2.4618
Total Civil Work 4.4430
i) Based on CPWD 2007 Schedule of rates
ii) Safe beating capacity 10 tons/sqm.
iii) Seismic Zone IV
iv) Basic Wind speed 47 m/second
v) land requirement 10000 sqm.
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 6-5(a) : Break up of Capital cost for Bio-Methanation Power Project.
Assumptions
Name of the Power Station: Bharat Biourja Limited. (Rs. in crore)
Sl.
No.
Head of works Original cost as
per projections
Acutal cost
incurred uptill
Variation Reasons for
variation 1 2 3 4 5 62.0 Mechinical Equipments2.1 Weigh Bridge 0.0450
2.2 Mixers 0.1350
2.3 Digester feed pump 0.0220
2.4 Macerator 0.0740
2.5 Heating System 0.2800
2.6 Start-up Blowers 0.0250
2.7 Dry type gas holder 0.6000
2.8 Engine feed Blowers 0.0380
2.9 Screw press feed pumps 0.0276
2.10 Screw Presses 0.2400
2.11 Tilling Arrangments 0.0500
2.12 Wheel loaders 0.2700
2.13 Flare 0.0770
2.14 Flair Blower 0.0180
2.15 Air Compressor 0.0050
2.16 Bagging Machine 0.0250
2.17 Safety System 0.0750
2.18 Tube well Pump Set 0.0050
2.19 Chain Pully block 0.0050
2.20 Raw Effluent Transfer Pumps 0.0175
2.11 Fixed Aerators 0.0375
2.12 Secondary Clerifiers, Mechanical Parts 0.0190
2.13 Sludge Recirculation pump 0.0080
2.14 Mixing Arrangement for 2 Digestors 0.3000
2.15 Miscellaneous Equipments 0.1000
Sub Total of Mechanical Equipments 2.4986
3.0 Electro Mechinical Work3.1 Piping Work 0.4500
3.2 Electrical works 0.7000
3.3 Instrumentation 0.8000
3.4 Laboratory Equipments 0.1000
3.5 Bio-gas Engines 2.0000
Sub Total of Electro Mechinical Equipments 4.0500
Total of Mechinical & Electro Mechinical
Equipments
6.5486
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Name of the Power Station: Bharat Biourja Limited. (Rs. in crore)
Sl.
No.
Head of works Original cost as
per projections
Acutal cost
incurred uptill
Variation Reasons for
variation 1 2 3 4 5 61 Mechinical Equipments 2.4986
2 Electro Mechinical Equipments 4.0500
3 Civil Works ( As per DPR) 4.4430
4 Civil Works ( Not included in DPR) 1.6800
5 Interest during Construction Period 0.5962
Total Project Cost 13.2678
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 6-5(b) : Break up of Capital cost for Bio-Methanation Power Project.
Form 6-5(c) : Break up of Capital cost for Plant & Equipments
1 2 3 4 5 6
1.0 Generator, turbine & Acessories
1.1 Generator package 3.00 0.00
1.2 Turbine package (Draft Tube) 2.05 0.00
1.3 Unit control Board 0.73 0.00
1.4 C&I package 0.52 0.00
1.5 Bus Duct of GT connection 0.40 0.00
1.6 Total (Generator, turbine & Acessories) 6.70 0.00
2.0 Auxiliary Electrical Equipment
2.1 Step up transformer 0.53 0.00
2.2 Unit Auxiliary Transformer 0.76 0.00
2.3 Local supply transformer 0.05 0.00
2.4 Station transformer 0.05 0.00
2.5 SCADA 0.00 0.00
2.6 Switchgear, Batteries, DC dist. Board 0.04 0.00
2.7 Telecommunication equipment 0.00 0.00
2.8 Illumination of Dam, PH and Switchyard 0.00 0.00
2.9 Cables & cable facilities, grounding 0.39 0.00
2.10 Diesel generating sets 0.04 0.00
2.11 Total (Auxiliary Elect. Equipment) 1.86 0.00
3.0 Auxiliary equipment & services for
power station
3.1 EOT crane 0.18 0.00
3.2 Other cranes 0.04 0.00
3.3 Electric lifts & elevators 0.16 0.00
3.4 Cooling water system 0.05 0.00
3.5 Drainage & dewatering system 0.05 0.00
3.6 Fire fighting equipment 0.01 0.00
3.7 Air conditioning, ventilation and heating 0.02 0.00
3.8 Water supply system . .
3.9 Oil handling equipment 0.06 0.00
3.10 Workshop machines & equipment 0.00
3.11 Total (Auxiliary equipt. & services for PS) 0.57 0.00
4.0 Switchyard package 0.44 0.00
5.0 Initial spares for all above equipments 0.14 0.00
6.0 Erection Charges 0.58 0.00
Advance with suppliers
7.0 Total (Plant & Equipment) 10.29 0.00
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Sl.
No.Variation
Head of works
Form 6-6: Break up of Capital Cost for Plant & Equipment on COD
Projected
submitted as
per DPR
Acutal cost
incurred uptill
01/07/2010
Reasons for
variation
(Rs. in crore)
Name of the Power Station Bharat Biourja Limited.
Name of the Power Station : Bharat Biourja Limited.
Sl.No.
Name/No. of
Construction / Supply
/ Service Package
Scope of works (in line with head
of cost break-ups as applicable)
Expected
Date of
Award
Expected
Date of
Start of
work
Expected Date of
Completion of
Work
Value of
Award1in (Rs.
Cr.)
Firm or With
Escalation in
prices
Actual expenditure till
the completion or up to
COD whichever is
earlier(Rs.Cr.)
(1) (2) (3) (5) (6) (7) (8) (9) (10)
1Mechinical
EquipmentsSupply, erection, testing and
Commissioning of the Equipment
01.10.2010 01.03.2011 12/31/2011 2.50 Firm in Price 0.00
2Electro Mechinical
EquipmentsSupply, erection, testing and
Commissioning of the Equipment01.10.2010 01.03.2011 12/31/2011 4.05 Firm in Price 0.00
3Civil Works ( As per
DPR)
all civil works incl. excavation in all
soils, concrete works, drilling holes
etc.01.08.2010
01.10.2010
12/31/2011 4.44 Firm in Price 0.00
4Civil Works ( Not
included in DPR)
all civil works incl. Boundary Wall
and Site Leveling etc.01.08.2010
01.10.201012/31/2011 1.68 Firm in Price
5Interest during
Construction Period01.08.2010
01.10.201012/31/2011 0.60 Firm in Price 0.00
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 6-7: Break-up of Construction/Supply/Service packages
Name of the Power Station: Bharat Biourja Limited.
Year ending March Projected Financial Year 2011-12
(1) (2)
Basic Project Financial Parameters
Approved Capital Cost* 13.27
Addition during the year -
Deletion during the year -
Gross Capital Cost (A) 13.27
Equity against Original Project Cost 2.75
Addition during the year -
Equity Sub-Total (B) 2.75
Debt outstanding against the original Capital cost (CB) 6.00
Debt outstanding against the original Capital cost -
Cash Credit Limit from Canara Bank. 0.30
Un-secured Loans 0.62
Debt Sub-Total (C) 6.92
Grants against original project cost 3.60
Addition during the year -
Grants Sub-Total (D) 3.60
Total Financing (B+C+D) 13.27
Note :
i) *Approved or Actual Capital Cost whichever is less.
ii) The equity and loan shall be divided into foregin and domestic component if applicable.
iii)# Information has to be provided From C.O.D. to Tariff Year, hence columns may be inserted wherever required.
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 7: Detail of Capital Cost and Financing Structure (Rs. in Crore)
Name of the Power Station: Bharat Biourja Limited.
Amount in
FC
Exchange
Rate
Amount in
Indian
Currency
Period of
Repayment
Grace
Period
Interest Rate /
Return on Equity
Guarantee
Commission
Upfront Fees/
Exposure
Premium
% of Total
Debt
% of Total
Equity
% of Total
PC
(Name of
Currency)(Rs./FC) (Rs. in Crore) (Years) (Years) (%) (Rs. in Crore) (Rs. in Crore) (%) (%) (%)
(1) (2) (3) (4) (6) (7) (8) (9) (10) (11) (12) (13)
(A) Debt
Foreign: 0 0 0 0 0 0 0 0 0 0 0
Indian:
Loan from Canara
Bank 6.00 7 13.25%
Cash Credit Limit 0.30 0 13.25%
Unsecured Loan 0.62 0 13.25%
Total Loan (A) 6.92
(B) Equity
Foreign:
Indian: 2.75 13.25%
Total Equity(B) 2.75 13.25%
(C) Grants
Foreign:
Indian: 3.60
Total Grant (C) 3.60
Total Financing (A+B+C) 13.27
Total Project Cost 13.27
Note:
(ii) FC- Foreign Currency For Bharat Biourja Limited (Petitioner)
(iii) PC- Project Cost
Authorised Signatory
Form 8: Details of Financial Packages
Source of Funds
(i) In case of projects having achieved COD: Financial package details, as admitted by the Competent Authority on COD of the Project, shall be furnished in the Format alongwith supporting documents.
(ii) In case of projects which are yet to achieve their COD: Financial package details, as approved by the Competent Authority , shall be furnished in the Format alongwith supporting documents.
Name of the Power Station: Bharat Biourja Limited. Year 2011-12
Loan Agency (Source of loan)Rate of
interest (%)
Repayment period
(Years)
Balance at the
beginning of the
year
Amount received
during the year
Principal due
during the
year
Principal redeemed
during the year
Principal
Overdue at
the year end
Principal Due at
the year endRemarks
(1) (2) (3) (4) (5) (6) (7) (8)=(6)-(7) (9)=(4)+(5)-(6) (10)
A. Other than state government
Loan 1 (Canara Bank) 13.25% 10 - 6.77 0.68 0.68 - 6.09
Loan 2 (Cash Credit limit Canara Bank)13.25% 0 0.30 - - - 0.30
Unseceured Loans 13.25% 0 - 0.62 - - - 0.62
Sub-Total (A) - 7.69 0.68 0.68 - 7.01
B. Government Loans
Sub-Total (B)
C. Normative Loans
TOTAL (A+B+C) - 7.69 0.68 0.68 - 7.01
For Bharat Biourja Limited (Petitioner)
Authorised Signatoryviii) Details to be provided in the above format, from the year of COD till tariff year separately for each year.
v) For current year, Loans already drawn and the loan proposed to be drawn by end of year to be shown separately.
vi) Any new loan from existing or new lenders to be identified separately as a Loan.
vii) In case of Foreign Currency Loans, data to be provided in the currency of borrowing alongwith the name of the currency..
Form 9-1: Statement of Outstanding Loans (Rs. in Crore)
Note: i) @ - In case reschedulement of any loan has been undertaken, the terms of reschedulement to be specified clearly, through an attachment alongwith copy of the letter from the Lender outlining the terms of Re-
scedulement.
ii) Any Loan not allocated to any Generating Station and not forming part of Appoved Financial Package, to be shown separately, with reasons thereof.
iii) Detailed Financial Restructuring Plan including the measures being taken by the Company to lower the interest costs to be highlighted for all loans in excess of present market rates benchmarked to current PFC
borrowings.
iv) The original Financing Plan and the cumulative repayment as per the Original Financing Plan to be outlined for each Loan.
Name of the Power Station: Bharat Biourja Limited. Year 2011-12
Loan Agency (Source of loan)Rate of interest
(%)
Interest and
Financing expenses
incurred (accrued)
during the year
Interest and
Financing expenses
due during the year
Interest and
Financing
expenses paid
during the year
Overdue
interestTotal Overdues Remarks
(1) (2) (3) (4) (5) (6)=(4)-(5)(7)=((8) of Form 9-
1)+(6) (8 )
Other than state government
Loan 1 (Canara Bank) 13.25% 0.85 0.85 0 0.85
Loan 2 (Cash Credit limit Canara Bank) 13.25% - - 0 -
Unseceured Loans 13.25% - - 0 -
Sub-Total 0.85 0.85 - 0.85
Government Loans
Sub-Total
TOTAL 0.85 0.85 - 0.85
For Bharat Biourja Limited (Petitioner)
Authorised Signatoryviii) Details to be provided in the above format from the year of COD till Current year, separately for each year.
v) For Current Year, Loans already drawn and the loan proposed to be drawn by end of year to be shown separately.
vi) Any new loan from existing or new lenders to be identified separately as a Loan.
vii) In case of Foreign Currency Loans, data to be provided in the currency of borrowing alongwith the name of the currency.
Form 9-2: Statement of Interest & Financing charges (Rs. in Crore)
Note: i) @ - In case reschedulement of any loan has been undertaken, the terms of reschedulement to be specified clearly, through an attachment alongwith copy of the letter from the Lender outlining the terms
of Re-scedulement.
ii) Any Loan not allocated to any Generating Station and not forming part of Appoved Financial Package, to be shown separately, with reasons thereof.
iii) Detailed Financial Restructuring Plan including the measures being taken by the Company to lower the interest costs to be highlighted for all loans in excess of present market rates benchmarked to current
PFC borrowings.
iv) The original Financing Plan and the cumulative repayment as per the Original Financing Plan to be outlined for each Loan.
Name of the Power Station: Bharat Biourja Limited. Year: 2011-12
Loan Agency (Source of loan)Rate of
interest (%)
Repayment
period
(year)
Balance at
the
beginning
of the year
Amount
proposed to
be drawn
during the
year
Principal
due
during
the year @
Interest &
Financing expenses
expected to be
incurred(accrued)
during the year
Interest and
Financing
expenses
paid during
the year
Weighted
Average
Exchange Rate at
COD for Loan -
Only for Foreign
Currency Loans
Expected
Exchange Rate on
due date(s) of
repayment of
Loan - Only for
Foreign Currency
Loans
Extra
Rupee
Liability
A. Other than state government
Loan 1 (Canara Bank) 13.25% 10 - - - 0.85 -
Loan 2 (Cash Credit limit Canara
Bank) 13.25% - - - -
Unseceured Loans 13.25% - - - - -
Sub-Total (A) - - - 0.85 - B. Government Loans
Sub-Total (B)
Sub-Total (A&B)C. Normative Loans
TOTAL (A, B & C) - - 0.85 -
For Bharat Biourja Limited (Petitioner)
`
Authorised Signatory
viii) Extra Rupee Liability to be determined as the product of the principal due and the difference between the expected exchange rate and the weighted average exchange rate;
vi) Any new loan from existing or new lenders to be identified separately as a Loan.
vii) In case of Foreign Currency Loans, data to be provided in the currency of borrowing alongwith the name of the currency.
iv) The original Financing Plan and the cumulative repayment as per the Original Financing Plan to be outlined for each Loan.
Form 9-3: Statement of Outstanding Loan, Interest & Financing charges during Tariff Year (Rs. in Crore)
Note: i) @ - In case reschedulement of any loan has been undertaken, the terms of reschedulement to be specified clearly, through an attachment alongwith copy of the letter from the Lender outlining the terms of Re-
scedulement.
ii) Any Loan not allocated to any Generating Station and not forming part of Appoved Financial Package, to be shown separately, with reasons thereof.
iii) Detailed Financial Restructuring Plan including the measures being taken by the Company to lower the interest costs to be highlighted for all loans in excess of present market rates benchmarked to current PFC
borrowings.
Name of the Power Station: Bharat Biourja Limited.
(1) (2) (3)
1 a) Fuel Cost for 4 months 0.66
2 b) Operation & Management Expenses for 1 months 0.08
3 c) Recievables- 1 months 0.04
4d) Maintenance spare @ 15% of operation and maintenance
expenses 0.01
5 Total Working Capital (1+2+3) 0.79
6 Working Capital Loan Required 0.79
7 Normative Interest Rate (%) 13.25%
8 Normative Interest on Working Capital (5 X 6) 0.10
Notes:
For Bharat Biourja Limited (Petitioner)
2. Spares are included in O & M expenses.
Authorised Signatory
ParticularsSl.No.
Form 10: Calculation of Amount of Working Capital (Rs. in Crore)
Projected Financial Year 2011-12
1. O & M expenses for the whole year are Rs. 1.89 Crores. Therefore to arrive at one months O & M expenses it has been divided by 12 to get 0.16 crores (
or 16 lacs).
Form 11-1: Details of Operation and Maintenance Expenses (Rs. in Crore)
Name of the Power Station: Bharat Biourja Limited.
a) Input Cost (Consumption)
- Cattle Dung (Net of Manure Sales) 0.77
- Power Consumption 0.38
Sub-Total 1.15
b) Repair and Maintenance
- Plants and Machinery 0.23
- Buildings 0.01
- Major Civil Works 0.01
- Vehicles 0.03
- Furnitures and Fixtures 0.01
- Office Equipment & Other Items 0.01
Sub-Total 0.30
c) Administrative Expenses
- Insurance 0.02
- Rent -
- Electricity Charges -
- Travelling and conveyance 0.02
- Staff Car 0.01
- Telephone, telex and postage 0.02
- Advertising 0.01
- Entertainment 0.01
- Corporate mgmt expenses -
- Legal Expenses 0.01
- Others (specify elements) -
Sub-Total 0.10
d) Employee Cost
- Basic Salaries 0.33
- Dearness Allowance 0.03
- Other Allowances 0.03
- Bonus 0.03
- Staff welfare expenses 0.02
- Medical Allowances 0.02
- Others Expenses (specify elements) -
- Terminal Benefits 0.02
Sub-Total 0.48
f) Corporate Office expenses Allocated
- Employee expenses -
- Repair and maintenance -
- Training and Recruitment 0.01
- Communication -
- Travelling -
- Security 0.01
- Rent -
- Others (specify elements) -
Sub-Total 0.02
Total O&M Expense (Incl. Insurance charges) 2.05
Notes: (i) The process of allocation of corporate expenses to generating stations should be specified.
(ii) The data should be certified by statutory auditors.
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
S. No. ParticularsProjected Financial Year 2011-12
Name of the Power Station: Bharat Biourja Limited. Year: 2011-12
Sanctioned Working 1st Half 2nd Half Total
1 CEO 1 - 0.06 0.06 0.12
2 General Manager 1 - 0.048 0.048 0.096
2(a) Technical 5 - 0.02 0.02 0.04
2(b) Administrative 4 - 0.02 0.02 0.04
2(c) Accounts and finance 1 - 0.005 0.005 0.01
2(d) Un-Skilled Workers 15 - 0.05 0.05 0.09
Total 27 - 0.20 0.20 0.39
3 All Other Staff
3(a) Technical
3(a)(i) Officers 2 0.02 0.02 0.04
3(a)(ii) Staff - - - - -
3(b) Non-technical
3(b)(i) Administrative
3(b)(i.i) Officers 2 - 0.02 0.02 0.05
3(b)(i.ii) Staff
3(b)(ii) Accounts and finance
3(b)(ii.i) Officers
3(b)(ii.ii) Staff
3(b)(iii) Un-Skilled Workers
3(b)(iii.i) Officers
3(b)(iii.ii) Staff - - - - -
Total 0.04 0.04 0.09
4 Provision against vacant posts - -
5 Gross - - 0.24 0.24 0.48
6 Add: Corporate Office Allocation - - - - -
7 Less: Capitalisation - - - - -
8 Employee Cost Net of Capitalisation 0.24 0.24 0.481
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 11-2: Details of Employee Costs
S.No.Number Cost (Rs. Crore)
Category of Employee
Name of the Company: Bharat Biourja Limited.
ASSETS
Fixed Assets
Gross Fixed Assets 13.27
Less : Accumulated Depreciation 0.93
Net Fixed Assets 12.34
Capital Work in Progress -
Other Assets -
Investments 0.80
Current Assets
Inventory of Materials -
- O&M stores -
- Construction stores -
Less: Provision for Stocks -
Receivables 0.37
Cash & Bank balance (0.00)
Loans & advances -
- O & M supplies -
- Staff & others -
Other Current Assets -
- Stock In Hand 0.30
- Deposits -
TOTAL ASSETS 13.81
LIABILITIES
Networth
Equity Share capital 2.75
Reserves and Surplus 0.45
Grants for Capital Assets 3.60
Statutory Reserve -
Debt
Existing Debt -
Payment due on capital liabilities -
Govt Debt -
Term Loans 6.09
Other Loans
- Working Capital Limit 0.30
- Unsecured Loans 0.62
Current Liabilities
Capital Supplies -
O & M Expenditure -
Other Current Liabilities -
- Accured Liabilities on borrowing -
- Other liabilities and provisions -
- Payables -
- Liabilities for expenses -
-Staff related provisions -
TOTAL LIABILITIES 13.81
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Particulars
Form 12-1: Balance Sheet (Rs. Crore)
Projected Financial Year 2011-12
Name of the Company: Bharat Biourja Limited.
Income
Revenue from Sale of Power 4.48
Other Income -
Total Operational Income 4.48
Expenditure
Consumables & Stores 1.15
Water Charges
Repairs & Maintanance 0.30
Employee cost 0.48
Administrative and Insurance 0.12
Less : Expenses capitalised
Total Expenditure 2.05
Profit before Interest & Depn. (PBIDT) 2.43
Interest & financial Charges (incl. Lease Rent) 0.95
Less : Interest Capitalised
Depreciation 0.93
Operating Profit / (Loss) (OP) 0.55
Non-operational income -
Taxation 0.10
Profit/(Loss) after Tax (PAT) 0.45
For Bharat Biourja Limited (Petitioner)
Authorised Signatory
Form 12-2: Profit & Loss Account (Rs. Crore)
Particulars Projected Financial Year 2011-12