Petition Nos. 742 of 2011 BEFORE THE UTTAR PRADESH … · 2015-06-03 · Page 1 of 96 Petition Nos....

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Petition Nos. 742 of 2011

BEFORE

THE UTTAR PRADESH ELECTRICITY REGULATORY COMMISSION

LUCKNOW

Date of Hearing :26.09.2011 Date of Order : 20.03.2012

PRESENT:

1. Hon’ble Shri Rajesh Awasthi, Chairman

2. Hon’ble Shri Shree Ram, Member

3. Hon’ble Smt. Meenakshi Singh, Member

IN THE MATTER OF:

Review of Multi Year Tariff (MYT) order dated 20.01.2011

BETWEEN

UP Rajya Vidyut Utpadan Nigam Limited (UPRVUNL),

14th Floor, Shakti Bhawan Ext.,

14, Ashok Marg, Lucknow

---------------Petitioner

AND

1. The Chairman and Managing Director, U.P. Power Corporation Ltd., 7th Floor, Shakti

Bhawan,14, Ashok Marg, Lucknow

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2. The Managing Director, Purvanchal Vidyut Vitran Nigam Ltd.,132KV Substation,

Bhikharipur, Vidyut Nagar,Varanasi.

3. The Managing Director, Paschimanchal Vidyut Vitran Nigam Ltd., Victoria Park Meerut.

4. The Managing Director, Madhyanchal Vidyut Vitran Nigam Ltd., Prag Narain Road,

Lucknow.

5. The Managing Director, Dakchinanchal Vidyut Vitran Nigam Ltd., Gailana Road, Agra.

6. The Managing Director, KESCO, Kesa House, Kanpur

7. The CEO, Noida Power Company Limited, H Block, Alpha II, Greater Noida.

---------------Respondent(s)

The following were present:

1. Sri Ramesh Chandra, CE (Comm.), UPRVUNL

2. Sri S. P. Chubey, SE (Comm.), UPRVUNL

3. Sri H. Aslam, EE (Comm.), UPRVUNL

4. Sri. Jayant Verma, EE, UPPCL

5. Sri A.N. Ghosh, Consultant, UPPCL

6. Sri Bhusan Rastogi, Consultant, UPRVUNL

7. Sri Samrjeet Mohanty, NPCL

8. Sri Manoj Jain, NPCL

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Order

1. Multi Year Tariff (MYT) and Annual Revenue Requirement (ARR) for Anpara ‘A’,

Anpara ‘B’, Obra ‘A’, Obra ‘B’, Panki, Harduaganj, Parichha, Parichha Extension,

Harduaganj Extension and Parichha Extension Stage-II Thermal Power Stations of

U. P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) for F.Y. 2009-10 to 2013-

14 was approved by the Commission vide order dated 20.01.2011. UPRVUNL,

through this petition, has sought review of said order on following points:

1. Rescheduling of additional capitalization of approved R&M schemes and

relaxation of Norms of Operation due to poor contract execution.

2. Cascading effect on additional capitalization of R&M Schemes due to

consideration of depreciation as deemed loan repayment.

3. Reduction of allowable debt of Obra ‘B’.

4. Re-computation of Interest of Working Capital

5. Finance and Bank Charges.

2. In its reply dated 23.5.2011, UPPCL has submitted that any relaxation for poor

contract execution by way of relaxation in norms of operation may not be permitted

by the Hon’ble Commission as the responsibility of contract execution within due

time frame primarily lie with the UPRVUNL only. However, they have suggested

that in case the additional capitalization is allowed then the relaxed norms must not

be allowed. Regarding consideration of depreciation as deemed loan repayment,

UPPCL has submitted that actually UPRVUNL has been over compensated on

account of allowed depreciation hence no review is permissible. On reduction of

allowable debt and re-computation of Interest of Working Capital, UPPCL has not

made any comments but on the issue of Finance and Bank Charges they have

rejected the UPRVUNL’s claim. UPRVUNL has countered the UPPCL submissions

in writing dated 23.7.2011. They have stated that the delay in project execution by

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M/s BHEL was not within their control so the Hon’ble Commission may consider

their prayer. On other issues, they have further stressed upon acceptance of their

claims. An additional submission was also filed by UPRVUNL on 22.9.2011

containing the details in respect of four power stations namely, Anpara ‘B’, Obra

‘A’, Obra ‘B’ and Harduaganj Thermal Power Stations. During the hearing

UPRVUNL and UPPCL recapped the issues detailed in their written submissions.

3. Hearing both the parties, the Commission has considered that the delay in contract

execution by M/s BHEL cannot be ascribed to UPRVUNL as it was an

uncontrollable factor. However, it is also inclined to consider that no additional

burden should be attributed to UPPCL who is not a party to execution of the work

contract. In this reference, the Commission, in its tariff order dated 20.1.2011, has

observed that:

“The capitalization of the approved R & M schemes would be allowed

alongwith the improved operating parameters for the MYT period under

consideration. UPRVUNL shall submit the details of completion of R & M works

alongwith audited accounts to the Commission. Any over and under recovery

due to early commissioning or delay in commissioning shall be adjusted with the

retrospective effect alongwith the simple rate of interest calculated at rate equal

to short term prime lending rate of SBI prevailing as on 1st April of the relevant

year.”

4. Therfore, in view of above citing, the Commission considers UPRVUNL’s request

for withdrawl or rescheduling of its additional capitalization for approved R&M

schemes. The revised scheme has been submitted by the petitioner in the form of

additional submission for Anpara ‘B’, Obra ‘A’, Obra ‘B’ and Harduaganj Thermal

Power Stations. Hence, the Commission decides to revise additional capitalization

as per UPRVUNL’s submission. The norms of operations shall remain as provided

in the UPERC (Terms & Conditions of Generation Tariff) Regulations, 2009.

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5. While determining Multi Year Tariff for UPRVUNL, the Commission had considered

old loans and new loans on R&M schemes of the plant together for the purpose of

calculation of depreciation. UPRVUNL has prayed that both loans may be

considered separately as it has a negative cascading effect on the debt servicing

of their R&M schemes. The Commission decides to consider the same

accordingly. While carrying out revision of tariff exercise, the difference in amount

of interest on working capital due to different calculation methodologies is also

being rectified. As far as finance and bank charges are concerned, the

Commission does not find it appropriate to consider them separately.

6. In the mean while, the Commission has decided UPRVUNL’s true up petion No.

725 of 2011 for additional capitalization of FY 2008-09 vide order dated 05.03.2012

which has changed the GFA structure of UPRVUNL as on 31.3.2009. Following

tables show the GFA on 31.3.2009 as approved by the Commission vide MYT

order dated 20.1.2011 and vide trueup order dated 05.03.2012. The GFA approved

vide trueup order dated 05.03.2012 shall be taken up for determination of revised

tariff.

As approved by the Commission vide MYT order dated 20.1.2011

F.Y. Anpara'

A' Anpara

'B' Obra

'A' Obra ‘B’

Panki Harduaganj Parichha Total

Equity 229.32 1273.80 42.85 114.30 43.51 79.04 57.22 1840.04

Debts 85.59 342.83 131.38 84.94 39.25 24.21 35.74 743.94

NFA 314.91 1616.63 174.23 199.24 82.76 103.25 92.96 2583.98

Cum. Dep. 494.50 3104.12 108.94 285.38 82.46 162.42 130.68 4368.50

GFA 809.41 4720.75 283.17 484.62 165.22 265.67 223.64 6952.48

F.Y. Parichha Extension

Equity 341.05

Debts 1234.13

Net FA 1575.18

Cum. Dep. 135.09

G.F.A. 1710.27

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As approved by the Commission vide true-up order dated 05.03.2012

F.Y. Anpara'

A' Anpara

'B' Obra

'A' Obra ‘B’

Panki Harduaganj Parichha Total

Equity 219.53 1278.96 75.47 124.88 38.80 82.14 54.16 1873.94

Debts 98.27 342.57 67.74 71.53 45.92 43.97 37.83 707.83

NFA 317.80 1621.53 143.21 196.41 84.72 126.11 91.99 2581.77

Cum. Dep.

494.96 3107.44 108.35 288.15 82.49 163.09 130.47 4374.95

GFA 812.76 4728.97 251.56 484.56 167.21 289.20 222.46 6956.72

F.Y. Parichha Extension

Equity 343.20

Debts 1230.67

Net FA 1573.87

Cum. Dep. 135.94

G.F.A. 1709.81

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7. APPROVED (REVISED) MULTI YEAR TARIFF AND ARR

Generating station wise approved (Revised) MYT and ARR for F.Y. 2009-10

to 2013-14 shall be as detailed in following sections.

Section -1 Anpara ‘A’

Section -2 Anpara ‘B’

Section -3 Obra ‘A’

Section -4 Obra ‘B’

Section -5 Panki

Section -6 Harduaganj

Section -7 Parichha

Section -8 Parichha Extension

Section -9 Harduaganj Extension

Section -10 Parichha Extension Stage-II

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Section -1

Multi Year Tariff

for

Anpara ‘A’

Thermal Power Station

for

FY 2009-10 to 2013-14

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7.1.1 ARR and MYT as determined by the Commission vide order dated January 20, 2011.

Table 7.1.1

7.1.2 ARR and MYT as determined by the Commission as a result of Review

7.1.2.1 Capacity (Fixed) Charges

(a) Provisions under Regulations :

Table 7.1.2

Components of Fixed Charge Value Remark

Return on equity 15.5% As per the Regulations

Interest on Loans 10.91% Weighted average of interest on loans for FY 2009-10 & FY 2010-11 as per form 13 of ARR

O & M Expenses Normative As per the Regulations

Compensation Allowance Rs. 0.65 lacs /MW As per the Regulations

Advance Against Depreciation

Zero As per the Regulations

Interest on working capital 12.25 % As per the Regulations

(b) Gross Fixed Assets (GFA) and its Components

Table 7.1.3

Calculation of GFA & NFA including financing

Anpara 'A' Power Station 2009-10 2010-11 2011-12 2012-13 2013-14

Ope. GFA 812.76 813.36 813.36 813.36 813.36

Anpara A 2009-10 2010-11 2011-12 2012-13 2013-14

Energy Sent out (MU) 4040 4040 4040 4040 4040

Fixed Charges (Rs./Unit) 0.53 0.54 0.55 0.57 0.59

Variable Charges (Rs./Unit) 1.09 1.15 1.20 1.26 1.33

Total Charges (Rs./Unit) 1.62 1.68 1.75 1.84 1.92

ARR (Rs. in Cr.) 653.98 680.53 708.64 741.60 776.21

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Additions 0.60 0.00 0.00 0.00 0.00

Clo. GFA 813.36 813.36 813.36 813.36 813.36

Cl. Net FA 289.53 260.66 231.79 202.92 174.05

Financing:

Op. Equity 219.53 219.53 219.53 219.53 219.53

Additions 0.00 0.00 0.00 0.00 0.00 Cl. Equity 219.53 219.53 219.53 219.53 219.53

Open. Accu Dep. 494.96 523.83 552.70 581.57 610.44

Dep. during the year 28.87 28.87 28.87 28.87 28.87

Cl. Accu. Dep. 523.83 552.70 581.57 610.44 639.31

Opening Debts 98.27 70.00 41.13 12.26 0.00

Additions 0.60 0.00 0.00 0.00 0.00

Less: Dep. 28.87 28.87 28.87 12.26 0.00

Cl. Debts 70.00 41.13 12.26 0.00 0.00

(c) RoE, Depreciation, O&M and Interest on Loans

Table 7.1.4

Details of RoE, Depreciation and Interest on Loans

Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14

1 Return on equity 34.03 34.03 34.03 34.03 34.03

2 Depreciation 28.87 28.87 28.87 28.87 28.87

3 Interest on Loans 9.18 6.06 2.91 0.67 0.00

4 O & M Expenses 114.66 121.21 128.14 135.51 143.26

5 Com. Allowance 4.10 4.10 4.10 4.10 4.10

Total: 190.84 194.27 198.05 203.18 210.26

(d) Interest on Working Capital:

Table 7.1.5

Annual Receivables of Anpara ‘A’ Power Station required for calculation of Working Capital:

Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

Annual Capacity [Fixed] Charges

190.84 194.27 198.05 203.18 210.26

Cost of Fuel 440.86 462.90 486.05 510.35 535.87

Interest on Working Capital 24.30 25.42 26.60 27.86 29.23

Total Receivables 656.00 682.59 710.70 741.39 775.36

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Table 7.1.6

Working Capital and Interest thereon as determined by the commission

Sl.No. Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

1 Cost of Coal for 1 and ½ month* 50.73 53.27 55.93 58.73 61.66

2 Cost of Secondary Fuel Oil for 2 months* 5.84 6.13 6.43 6.76 7.09

3 Operation & Maintenance for 1 month 9.56 10.10 10.68 11.29 11.94

4 Maintenance Spares @20% O & M Exp. 22.93 24.24 25.63 27.10 28.65

5

Receivables equivalent to 2 months of fixed charges for sale of electricity 109.33 113.77 118.45 123.56 129.23

6 Total Working Capital 198.39 207.50 217.12 227.44 238.57

7 Rate of Interest 12.25 12.25 12.25 12.25 12.25

8 Interest on Working Capital 24.30 25.42 26.60 27.86 29.23 * The cost of fuel has been taken from Table 7.1.10

Table 7.1.7 IWC duing the Contrrol Period as claimed by UPRVUNL :

Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

Working Capital 188.82 198.09 207.49 225.47 247.72

Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%

I W C 23.13 24.27 25.42 27.62 30.35

(e) Capacity (Fixed) Charge per unit of Generation

Table 7.1.8

Fixed Charges as approved earlier and as revised by the Commission

Particulars

FY 10 FY 11

As approved by the

Commission vide Tariff

Order dt.20.01.11

As determined

by the Commission on Review

Diff (if any)

As approved by the


Order dt.20.01.11

As determined


Diff (if any)

Interest on Loan 6.26 9.18 2.92 3.12 6.06 2.94

Depreciation 28.78 28.87 0.09 28.78 28.87 0.09

Advance against Depreciation

0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 35.54 34.03 -1.51 35.54 34.03 -1.51

O & M Expenses 114.66 114.66 0.00 121.21 121.21 0.00

Compensation Allowance

4.10 4.10 0.00 4.10 4.10 0.00

Interest on Working Capital

23.78 24.30 0.52 24.87 25.42 0.55

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Particulars

FY 10 FY 11

As approved by the


Order dt.20.01.11

As determined


Diff (if any)

As approved by the


Order dt.20.01.11

As determined


Diff (if any)

Total : 213.12 215.14 2.02 217.62 219.69 2.07

Ex-bus Energy Sent Out (kwh)

4040.00 4040.00 0.00 4040.00 4040.00 0.00

Fixed Cost per Unit 0.53 0.53 0.00 0.54 0.54 0.01

Particulars

FY 12 FY 13

As approved by the


Order dt.20.01.11

As determined

by the Commissio

n on Review

Diff (if any)

As approved by the


Order dt.20.01.11

As determined


Diff (if any)

Interest on Loan 0.00 2.91 2.91 0.00 0.67 0.67

Depreciation 28.78 28.87 0.09 28.78 28.87 0.09


0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 35.54 34.03 -1.51 35.54 34.03 -1.51

O & M Expenses 128.14 128.14 0.00 135.51 135.51 0.00


4.10 4.10 0.00 4.10 4.10 0.00


26.02 26.60 0.58 27.31 27.86 0.55

Total : 222.58 224.65 2.07 231.24 231.04 -0.20


4040.00 4040.00 0.00 4040.00 4040.00 0.00


Particulars

FY 14 As approved by the Commission vide Tariff Order

dt.20.01.11

As determined by the

Commission Diff. (if any)

Interest on Loan 0.00 0.00 0.00

Depreciation 28.78 28.87 0.09

Advance against Depreciation 0.00 0.00 0.00

Return on Equity 35.54 34.03 -1.51

O & M Expenses 143.26 143.26 0.00

Compensation Allowance 4.10 4.10 0.00

Interest on Working Capital 28.66 29.23 0.57

Total : 240.34 239.48 -0.86

Ex-bus Energy Sent Out (kwh) 4040.00 4040.00 0.00 Fixed Cost per Unit 0.59 0.59 0.00

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7.2.1.1 Variable Charges:

(a) Weighted Average Cost and Gross Calorific Value of Coal and Oil

Table 7.1.9 Weighted Average Cost and Gross Calorific Value of Coal and Oil

for F.Y. 2009-10.

Month

Weighted Average of

Landed Cost of Oil

Weighted Average of

Gross Calorific value of Oil

Weighted Average of

Landed Cost of Coal

Weighted Average of

Gross Calorific value of Coal

(Rs./kl) KCAL/Ltr. (Rs./mt) (Rs.KCAL/KGl)

April' 2009 32250.39 10500.00 1091.48 3246.00

May' 2009 32250.39 10500.00 1031.61 3185.00

June’ 2009 39493.66 10776.00 1113.10 3145.00

July’ 2009 40004.37 10735.00 1086.21 3008.00

Aug’ 2009 40004.37 10735.00 1009.86 3029.00

Sept’ 2009 42315.94 10585.00 1040.86 2882.00

Oct’ 2009 40428.44 10570.00 1085.45 2915.00

Nov’ 2009 40428.44 10570.00 1110.56 2913.00

Dec’ 2009 42161.23 10776.00 1202.38 3007.00

Jan’ 2010 42161.23 10776.00 1231.55 2964.00

Feb’ 2010 42161.23 10776.00 1215.04 2910.00

Mar’ 2010 42161.23 10776.00 1198.84 2977.00

Total: 475820.92 128075.00 13416.94 36181.00 Monthly

Weighted Avg. 39651.74 10672.92 1118.08 3015.08

(b) Variable charge per unit of Generation:

Table 7.1.10 Variable charge per unit of generation for Anpara ‘A’ Power Station

Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14

Capacity MW 630 630 630 630 630

Availability Factor % 80 80 80 80 80

Plant Load Factor (PLF) % 80 80 80 80 80

Gross Station Heat Rate Kcal/kWh 2500 2500 2500 2500 2500

Auxiliary Energy Consumption % 8.5 8.5 8.5 8.5 8.5

Gross Generation MU 4415 4415 4415 4415 4415

Auxiliary Energy Consumption MU 375 375 375 375 375

Ex-bus Energy Sent Out MU 4040 4040 4040 4040 4040

Specific Oil Consumption ml/Kwh 2 2 2 2 2

Weighted Average (GCV) of Oil KCal/Lt. 10673 10673 10673 10673 10673

Price of Oil Rs./KL 39652 41635 43716 45902 48197

Weighted Average (GCV) of KCal/kg. 3015 3015 3015 3015 3015

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Coal

Price of Coal Rs./Mt. 1118 1174 1233 1294 1359

Heat Contribution from SFO Kcal/Kwh 21 21 21 21 21

Total Oil Consumption KL 8830 8830 8830 8830 8830

Heat Contribution from Coal Kcal/kWh 2479 2479 2479 2479 2479

Specific Coal Consumption Kg/Kwh 0.82 0.82 0.82 0.82 0.82

Coal Consumption MMT 3.630 3.630 3.630 3.630 3.630

Total Cost of Oil @ Rs. Rs. in Cr. 35.01 36.76 38.60 40.53 42.56

Total Cost of Coal @ Rs. Rs. in Cr. 405.85 426.14 447.45 469.82 493.31

Total Cost of Fuel (Oil & Coal) Rs. in Cr. 440.86 462.90 486.05 510.35 535.87

Rate of Energy Charges from secondary Fuel Oil Ex-bus Paise/Kwh 8.67 9.10 9.55 10.03 10.53

Rate of Energy Charges from Coal Ex-bus Paise/Kwh 100.46 105.48 110.75 116.29 122.11

Rate of Energy Charges Ex-bus per Kwh Paise/Kwh 109.12 114.58 120.31 126.32 132.64

(c) Adjustment of Rate of Energy Charge on Account of Variation in price or Heat Value of Fuels:

As per UPERC MYT Order dated January 20, 2011

7.1.2.2 Total Charges (Cost):

Table 7.1.11

Total Charges as approved earlier and as revised by the Commission

Particulars

FY 10 FY 11

As approved by the


Order dt.20.01.11

As determined

by the Commissio

n on Review

Diff. (if any)

As approved by

the Commission

vide Tariff Order

dt.20.01.11

As determined


Diff. (if

any)

Interest on Loan 6.26 9.18 2.92 3.12 6.06 2.94

Depreciation 28.78 28.87 0.09 28.78 28.87 0.09

A A D 0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 35.54 34.03 -1.51 35.54 34.03 -1.51

O & M Expenses 114.66 114.66 0.00 121.21 121.21 0.00

Com. Allowance 4.10 4.10 0.00 4.10 4.10 0.00

I W C 23.78 24.30 0.52 24.87 25.42 0.55

Fixed Cost (Rs. in Crs.) 213.12 215.14 2.02 217.63 219.69 2.07

F. C. per Unit (In Paise) 53 53 0 54 54 1

V. C. on Fuel (Rs. in Crs.) 440.86 440.86 0.00 462.90 462.90 0.00

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Particulars

FY 10 FY 11

As approved by the


Order dt.20.01.11

As determined

by the Commissio

n on Review

Diff. (if any)

As approved by

the Commission

vide Tariff Order

dt.20.01.11

As determined


Diff. (if

any)

V. C. per Unit (In paise) 109 109 0 115 115 0

Total Cost (Rs. in Crs.) 653.98 656.00 2.02 680.53 682.59 2.07

Ex-bus Energy Sent Out (MU)

4040.00 4040.00 0.00 4040.00 4040.00 0.00

Total Cost per Unit (In Paise) 162 162 0 168 169 1

Particulars

FY 12 FY 13

As approved by the


Order dt.20.01.11

As determined


Diff. (if

any)

As approved by the


Order dt.20.01.11

As determined


Diff. (if

any)

Interest on Loan 0.00 2.91 2.91 0.00 0.67 0.67

Depreciation 28.78 28.87 0.09 28.78 28.87 0.09

A A D 0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 35.54 34.03 -1.51 35.54 34.03 -1.51

O & M Expenses 128.14 128.14 0.00 135.51 135.51 0.00

Com. Allowance 4.10 4.10 0.00 4.10 4.10 0.00

I W C 26.02 26.60 0.58 27.31 27.86 0.55

Fixed Cost (Rs. in Crs.) 222.59 224.65 2.07 231.25 231.04 -0.20




Total Cost (Rs. in Crs.) 708.64 710.70 2.07 741.60 741.39 -0.20

Ex-bus Energy Sent Out (MU)

4040.00 4040.00 0.00 4040.00 4040.00 0.00


Particulars

FY 14

As approved by the


Order dt.20.01.11

As determined


Diff. (if any)



A A D 0.00 0.00 0.00


O & M Expenses 143.26 143.26 0.00

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Particulars

FY 14

As approved by the


Order dt.20.01.11

As determined


Diff. (if any)

Com. Allowance 4.10 4.10 0.00

I W C 28.66 29.23 0.57

Fixed Cost (Rs. in Crs.) 240.34 239.48 -0.86

F. C. per Unit (In Paise) 59 59 0

V. C. on Fuel (Rs. in Crs.) 535.87 535.87 0.00

V. C. per Unit (In paise) 133 133 0

Total Cost (Rs. in Crs.) 776.21 775.35 -0.86

Ex-bus Energy Sent Out (MU) 4040.00 4040.00 0.00 Total Cost per Unit (In Paise) 192 192 0

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Section - 2

Multi Year Tariff

for

Anpara ‘B’


for

FY 2009-10 to 2013-14

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Table 7.2.1

Anpara ‘B’ 2009-10 2010-11 2011-12 2012-13 2013-14

Energy Sent out (MU) 6517.44 5431.20 6517.44 6517.44 6517.44




ARR (Rs. in Cr.) 1291.17 1301.82 1455.42 1479.48 1512.56




Table 7.2.2









(b) R & M of Plant

Anpara ‘B’ Power Station (2 x 500 MW) is more than 15 years old for which a

comprehensive Refurbishment Scheme involving expenditure of Rs 691.97 Crs

has been approved by the Commission vide order dated 8.12.09. Initially the

schedule of completion was March’ 2011 which was allowed by the Commission

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vide tariff order dated January 20, 2011. The UPRVUNL has, however, revised

completion schedule as per review petition and the date of completion of R&M

works at Anpara ‘B’ Power Station has now been proposed as 29.02.2012.

Accordingly the ARR and Tariff is being revised as per review petition.

(c) Gross Fixed Assets (GFA) and its Components

Table 7.2.3


ANPARA 'B' Power Station

2009-10 2010-11 2011-12 2012-13 2013-14

Op. GFA 4728.97 4729.85 4729.85 5421.82 5421.82

Additions 0.88 0.00 691.97 0.00 0.00

Clo. GFA 4729.85 4729.85 5421.82 5421.82 5421.82

Cl. Net FA 1453.21 1284.02 1781.90 1568.38 1343.82

Financing:

Op. Equity 1278.96 1278.96 1278.96 1417.35 1417.35

Additions 0.00 0.00 138.39 0.00 0.00

Cl. Equity 1278.96 1278.96 1417.35 1417.35 1417.35

Open. Accu Dep. 3107.44 3276.64 3445.83 3639.92 3853.44


A. A. D. 0.00 0.00 0.00 19.42 30.47

Cl. Accu. Dep. 3276.64 3445.83 3639.92 3853.44 4078.00

Op. Debts 342.57 174.55 5.65 539.74 484.38

Additions 0.88 0.00 553.58 0.00 0.00

Less: Dep. 169.20 169.20 29.95 44.31 55.36

Cl. Debts 174.25 5.06 528.69 484.38 429.02

(d) RoE, Depreciation and Interest on Loans Table 7.2.4

Details of RoE, Depreciation, Advance against Depreciation, Interest on Loans,

O & M Expenses and Com. Allowance

Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14

1 Return on equity 198.24 198.24 219.69 219.69 219.69

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Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14

2 Depreciation 169.20 169.20 194.09 194.09 194.09

3 A. A. D. 0.00 0.00 11.76 30.46 30.46

4 Interest on Debts 34.32 11.91 6.22 67.27 60.65

5 O & M Expenses 130.00 137.40 145.30 153.60 162.40

6 Com. Allowance 2.50 3.50 3.50 3.50 3.50

Total: 534.25 520.24 580.56 668.61 670.79

Table 7.2.4 (a)

Calculation of Advance Against Depreciation

Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

1/10 of Loans 0.00 0.00 55.36 55.36 55.36

Repayments of Loans 0.00 0.00 13.84 55.36 55.36

Minimum of the above 0.00 0.00 13.84 55.36 55.36

Less: Dep. during the year 0.00 0.00 24.89 24.89 24.89

(A) 0.00 0.00 -11.05 30.47 30.47

Cumul. Repayment of Loans 0.00 0.00 13.84 69.20 124.56

Less: Cumul. Depreciation 0.00 0.00 24.89 49.78 74.67

(B) 0.00 0.00 -11.05 19.42 49.89

Advance agnst. Dep. (Min. of A & B) 0.00 0.00 0.00 19.42 30.47

(e) Interest on Working Capital:

Table 7.2.5

Annual Receivables of Anpara ‘B’ Power Station required for Calculation of Working Capital:

Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

Annual Capacity [Fixed] Charges 534.25 520.24 580.56 668.61 670.79

Cost of Fuel 727.67 764.06 668.55 842.37 884.49



Table 7.2.6 Working Capital and Interest thereon as determined by the commission


1 Cost of Coal for 1 and ½ month*

84.01 88.21 77.19 97.25 102.12

2 Cost of Secondary Fuel Oil for 2 months*

9.26 9.73 8.51 10.72 11.26

of 96


3 Operation & Maintenance for 1 month

10.83 11.45 12.11 12.80 13.53

4 Maintenance Spares @20% O & M Exp.

26.00 27.48 29.06 30.72 32.48

5

Receivables equivalent to 2 months of fixed charges for sale of electricity

217.37 221.32 207.89 260.31 267.89


7 Rate of Interest 12.25 12.25 12.25 12.25 12.25



Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

Working Capital 363.53 358.32 383.42 399.26 413.27

Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%

I W C 41.23 43.89 46.97 48.91 50.63

(f) Capacity (Fixed) Charges per unit of Generation

Table 7.2.8


Particulars

FY 10 FY 11

As approved by the


Order dt.20.01.11

As determined


Diff. (if any)

As approved by the


Order dt.20.01.11

As determined


Diff. (if any)

Interest on Loan 23.22 34.32 11.10 70.92 11.91 -59.01

Depreciation 168.89 169.20 0.31 193.79 169.20 -24.59


0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 197.44 198.24 0.80 218.98 198.24 -20.74

O & M Expenses 130.00 130.00 0.00 137.40 137.40 0.00


2.50 2.50 0.00 3.50 3.50 0.00


41.45 42.57 1.12 40.52 43.88 3.36

Total : 563.50 576.82 13.32 665.11 564.12 -100.99


6517.00 6517.00 0.00 5431.00 5431.00 0.00

Fixed Cost per Unit 0.86 0.89 0.02 1.22 1.04 -0.19

of 96

Particulars

FY 12 FY 13

As approved by the


Order dt.20.01.11

As determined


Diff. (if any)

As approved by

the Commission

vide Tariff Order

dt.20.01.11

As determined


Diff. (if any)

Interest on Loan 45.18 0.00 -45.18 19.44 67.27 47.83

Depreciation 193.79 194.09 0.30 193.79 194.09 0.30

Advance against Depreciation 0.00 11.76 11.76 0.00 30.46 30.46

Return on Equity 218.98 219.69 0.71 218.98 219.69 0.71

O & M Expenses 145.30 145.30 0.00 153.60 153.60 0.00

Compensation Allowance 3.50 3.50 0.00 3.50 3.50 0.00

Interest on Working Capital 46.41 41.90 -4.51 47.79 50.44 2.65

Total : 653.16 616.24 -36.92 637.10 719.05 81.95

Ex-bus Energy Sent Out (kwh) 6517.00 6517.00 0.00 6517.00 6517.00 0.00

Fixed Cost per Unit 1.00 0.95 -0.06 0.98 1.10 0.13

Particulars

FY 14

As approved by

the Commission

vide Tariff Order

dt.20.01.11

As determined


Diff. (if any)


Depreciation 193.79 194.09 0.30


Return on Equity 218.98 219.69 0.71

O & M Expenses 162.40 162.40 0.00


Interest on Working Capital 49.40 52.35 2.95 Total : 628.07 723.14 95.07

Ex-bus Energy Sent Out (kwh) 6517.00 6517.00 0.00 Fixed Cost per Unit 0.96 1.11 0.15



of 96

Table 7.2.9

Weighted Average Cost and Gross Calorific Value of Coal and Oil for F.Y. 2009-10.

Month

Weighted Average of

Landed Cost of Oil

Weighted Average of


Weighted Average of

Landed Cost of Coal

Weighted Average of


(Rs./kl) KCAL/Ltr. (Rs./mt) (Rs.KCAL/KG)

April' 2009 32250.39 10500.00 1292.45 3317.00

May' 2009 32250.39 10500.00 1292.64 3222.00

June’ 2009 39493.66 10776.00 1395.06 3442.00

July’ 2009 40004.37 10735.00 1222.52 2964.00

Aug’ 2009 40004.37 10735.00 1239.76 3221.00

Sept’ 2009 42315.94 10585.00 1346.89 3276.00

Oct’ 2009 40428.44 10570.00 1415.74 3323.00

Nov’ 2009 40428.44 10570.00 1208.69 3287.00

Dec’ 2009 42161.23 10776.00 1300.36 3404.00

Jan’ 2010 42161.23 10776.00 1273.51 3342.00

Feb’ 2010 42161.23 10776.00 1237.63 3380.00

Mar’ 2010 42161.23 10776.00 1328.97 3315.00

Total: 475820.92 128075.00 15554.22 39493.00

Monthly Weighted Avg.

39651.74 10672.92 1296.19 3291.08


Table 7.2.10 Variable charge per unit of generation for Anpara ‘B’ Power Station


Capacity MW 1000 1000 1000 MW upto

Oct/11 1000 1000

Capacity MW

500 MW Nov/11 to

Feb/12

1000 MW in

Mar/12




Auxiliary Energy Consumption % 7 7 7 7 7






Price of Oil Rs./KL 39652 41635 43716 45902 48197

Weighted Average (GCV) of Coal KCal/kg. 3291 3291 3291 3291 3291


of 96



Total Oil Consumption KL 14016 14016 11679.95328 14016 14016













Table 7.2.11 Total Charges as approved earlier and as revised by the Commission

Particulars

FY 10 FY 11

As approved by the


Order dt:20.01.11

As determined


Diff. (if any)

As approved by the


Order dt:20.01.11

As determined


Diff. (if any)

Interest on Loan 23.22 34.32 11.10 70.92 11.91 -59.01

Depreciation 168.89 169.20 0.31 193.79 169.20 -24.59

A A D 0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 197.44 198.24 0.80 218.98 198.24 -20.74

O & M Expenses 130.00 130.00 0.00 137.40 137.40 0.00

Com. Allowance 2.50 2.50 0.00 3.50 3.50 0.00

I W C 41.45 42.57 1.12 40.52 43.88 3.36

Fixed Cost (Rs. in Crs.)

563.50 576.82 13.32 665.11 564.12 -100.99

F. C. per Unit (In Paise)

86 89 2 122 104 -18

V. C. on Fuel (Rs. in Crs.)

727.67 727.67 0.00 636.71 636.71 0.00

V. C. per Unit (In paise)

112 112 0.00 117 117 0.24

Total Cost (Rs. in Crs.)

1291.17 1304.49 13.32 1301.82 1200.83 -100.99

of 96

Particulars

FY 10 FY 11

As approved by the


Order dt:20.01.11

As determined


Diff. (if any)

As approved by the


Order dt:20.01.11

As determined


Diff. (if any)


6517.00 6517.00 0.00 5431.00 5431.00 0.00

Total Cost per Unit (In Paise) 198 200 2 240 221

-19

Particulars

FY 12 FY 13

As approved by the


Order dt:20.01.11

As determined


Diff. (if any)

As approved by

the Commission

vide Tariff Order

dt:20.01.11

As determined


Diff. (if any)

Interest on Loan 45.18 0.00 -45.18 19.44 67.27 47.83

Depreciation 193.79 194.09 0.30 193.79 194.09 0.30

A A D 0.00 11.76 11.76 0.00 30.46 30.46

Return on Equity 218.98 219.69 0.71 218.98 219.69 0.71

O & M Expenses 145.30 145.30 0.00 153.60 153.60 0.00

Com. Allowance 3.50 3.50 0.00 3.50 3.50 0.00

I W C 46.41 41.90 -4.51 47.79 50.44 2.65


653.16 616.24 -36.92 637.10 719.05 81.95


100 95 -6 98 110 13


802.26 802.26 0.00 842.37 842.37 0.00


123 123 0.00 129 129 0.00


1455.42 1418.50 -36.92 1479.47 1561.42 81.95


6517.00 6517.00 0.00 6517.00 6517.00 0.00

Total Cost per Unit (In Paise) 223 218

-6 227 240

13

Particulars

FY 14

As approved by

the Commission

vide Tariff Order

dt:20.01.11

As determined


Diff. (if any)


Depreciation 193.79 194.09 0.30

A A D 0.00 30.46 30.46


of 96

Particulars

FY 14

As approved by

the Commission

vide Tariff Order

dt:20.01.11

As determined


Diff. (if any)

O & M Expenses 162.40 162.40 0.00


I W C 49.40 52.35 2.95

Fixed Cost (Rs. in Crs.) 628.07 723.14 95.07


V. C. on Fuel (Rs. in Crs.) 884.49 884.49 0.00 V. C. per Unit (In paise) 136 136 0.00 Total Cost (Rs. in Crs.) 1512.56 1607.63 95.07

Ex-bus Energy Sent Out (kwh) 6517.00 6517.00 0.00 Total Cost per Unit (In Paise) 232 247 15

of 96

Section - 3

Multi Year Tariff

for

Obra ‘A’


for

FY 2009-10 to 2013-14

of 96


Table 7.3.1

Obra ‘A’ 2009-10 2010-11 2011-12 2012-13 2013-14





ARR (Rs. In Cr.) 416.08 407.24 425.58 534.25 565.72




Table 7.3.2




O & M Expenses As per petition





(b) R & M of Plant

Obra ‘A’ Power Station (382 MW) is more than 35 years old for which a

comprehensive Refurbishment Scheme involving expenditure of Rs 178.50

of 96

Crs. has been approved by the Commission vide order dated 8.12.09. Initially

the schedule of completion was February’ 2012 which was allowed by the

Commission vide tariff order dated January 20, 2011. The UPRVUNL has,

however, revised completion schedule as per review petition and the date of

completion of R&M works at Obra ‘A’ Power Station has now been proposed as

30.06.2012 and the cost of the R&M Works has been reduced from Rs.178.00

crore to Rs.124.60 crore. Accordingly the ARR and Tariff is being revised as

per review petition.


Table 7.3.3 Calculation of GFA & NFA including financing

OBRA 'A' Power Station 2009-10 2010-11 2011-12 2012-13 2013-14

Op. GFA 251.56 342.86 342.86 342.86 467.46

Additions 91.30 0.00 0.00 124.60 0.00

Cl. GFA 342.86 342.86 342.86 467.46 467.46

Cl. Net FA 222.24 209.97 197.71 302.56 280.33

Financing:

Op. Equity 75.47 93.73 93.73 93.73 118.65

Additions 18.26 0.00 0.00 24.92 0.00

Cl. Equity 93.73 93.73 93.73 118.65 118.65

Op. Accu Dep. 108.35 120.62 132.89 145.15 164.90


A. A. D. 0.00 0.00 0.00 2.98 5.47

Cl. Accu. Dep. 120.62 132.89 145.15 164.90 187.13

Op. Debts 67.74 128.51 116.24 103.98 183.91

Additions 73.04 0.00 0.00 99.68 0.00

Less : Dep. 12.27 12.27 12.27 19.75 22.24

Cl. Debts 128.51 116.24 103.98 183.91 161.68

of 96

(d) RoE, Depreciation, Advance against Depreciation and Interest on

Loans

Table 7.3.4

Details of RoE, Depreciation, Interest on Loans, O & M and Com. Allowance

Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14

1 Return on Equity 14.53 14.53 14.53 18.39 18.39

2 Depreciation 12.27 12.27 12.27 16.77 16.77

3 A. A. D. 0.00 0.00 0.00 0.00 0.00

4 Interest on Loans 10.80 13.47 12.12 13.11 19.02

5 O & M Expenses 92.61 98.32 104.38 110.83 117.68

6 Com. Allowance 2.48 2.48 2.48 2.48 2.48

Total: 132.69 141.07 145.78 161.57 174.34

Table 7.3.4 (a)


Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

1/10 of Loans 0.00 0.00 0.00 9.97 9.97




(A) 0.00 0.00 0.00 2.98 5.47



(B) 0.00 0.00 0.00 2.98 8.45



Table 7.3.5

Annual Receivables of Obra ‘A’ Power Station required for calculation of Working Capital:

Particulars 2009-10 2010-11 2011-12 2012-13 2013-14


132.69 141.07 145.78 161.57 174.34

Cost of Fuel 262.19 227.45 226.83 310.19 366.84



of 96

Table 7.3.6







5 Receivables equivalent to 2 months of fixed charges for sale of electricity 68.43 63.89 64.62 81.75 93.75


7 Rate of Interest 12.25 12.25 12.25 12.25 12.25

8 Interest on Working Capital 15.72 14.81 15.10 18.72 21.31

* The cost of fuel has been taken from Table 7.3.10

Table 7.3.7

IWC duing the Contrrol Period as claimed by UPRVUNL :

Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

Working Capital 132.34 140.33 153.31 167.22 182.71

Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%

I W C 16.21 17.19 18.78 20.48 22.38


Table 7.3.8


Particulars

FY 10 FY 11

As approved by the

Commission vide Tariff Order dt: 20.01.11

As determined


Diff. (if any)

As approved by the


As determined


Diff. (if any)

Interest on Loan 23.02 10.80 -12.22 21.52 13.47 -8.05

Depreciation 13.63 12.27 -1.36 13.63 12.27 -1.36


0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 6.64 14.53 7.89 6.64 14.53 7.89

O & M Expenses 92.61 92.61 0.00 98.32 98.32 0.00


Interest on Working Capital 15.52 15.72 0.20 15.33 14.81 -0.52

Total : 153.90 148.41 -5.49 157.92 155.88 -2.04


1638.48 1638.48 0.00 1475.72 1328.55 -147.17

Cost per Unit 0.94 0.91 -0.03 1.07 1.17 0.10

of 96

Particulars

FY 12 FY 13

As approved by

the Commission

vide Tariff Order dt: 20.01.11

As determined


Diff. (if any)

As approved by the


As determined


Diff. (if any)

Interest on Loan 34.98 12.12 -22.86 32.77 13.11 -19.66

Depreciation 20.03 12.27 -7.76 20.03 16.77 -3.26


0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 12.16 14.53 2.37 12.16 18.39 6.23

O & M Expenses 104.38 104.38 0.00 110.83 110.83 0.00


2.48 2.48 0.00 2.48 2.48 0.00


15.69 15.10 -0.59 19.61 18.72 -0.89

Total : 189.72 160.88 -28.84 197.88 180.30 -17.58


1323.85 1257.27 -66.58 1900.18 1710.35 -189.83

Cost per Unit 1.43 1.28 -0.15 1.04 1.05 0.01

Particulars

FY 14

As approved by the


As determined


Diff. (if any)

Interest on Loan 30.57 19.02 -11.55

Depreciation 20.03 16.77 -3.26


0.00

0.00 0.00


O & M Expenses 117.68 117.68 0.00



Total : 203.78 195.65 -8.13


1957.11 1957.11 0.00

Cost per Unit 1.04 1.00 -0.04



of 96

Table 7.3.9


Month

Weighted Average of

Landed Cost of Oil

Weighted Average of


Weighted Average of

Landed Cost of Coal

Weighted Average of



April' 2009 20685.09 10180.00 1428.01 3819.00

May' 2009 22735.96 10180.00 1413.80 3567.00

June’ 2009 26019.96 9965.00 1357.54 3343.00

July’ 2009 28166.44 9965.00 1290.35 3230.00

Aug’ 2009 28995.28 10003.00 1296.05 3305.00

Sept’ 2009 29744.76 10003.00 1345.38 3462.00

Oct’ 2009 29797.69 10003.00 1514.99 3243.00

Nov’ 2009 30209.65 10003.00 1500.49 3208.00

Dec’ 2009 31474.49 10429.00 1540.01 3173.00

Jan’ 2010 33977.09 10429.00 1592.99 3271.00

Feb’ 2010 31117.02 10429.00 1644.53 2975.00

Mar’ 2010 31117.02 10429.00 1600.83 2997.00

Total: 344040.45 122018.00 17524.97 39593.00 Monthly

Weighted Avg. 28670.04 10168.17 1460.41 3299.42


Table 7.3.10

Variable charge per unit of generation for Obra ‘A’ Power Station Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14

Capacity MW 382 4/10 to 06/10

382 4/11 to 3/12

288 04/12 to

06/12 288 382

Capacity MW 07/10 to

03/11 288 07/12 to

03/13 382

Average Yearly Capacity MW 382 312 288 359 382


Plant Load Factor (PLF) % 55 56 58 04/12 to

06/12 61 65

07/12 to

03/13 61

Average PLF 55 56 58 61 65

Gross Station Heat Rate Kcal/kWh 3000 2990 2980 (04/12 to

06/12)2970 2960

(07/12 to

03/13) 2970

Average Station Heat Rate 3000 2990 2980 2970 2960


Gross Energy Generation MU 1840 1531 1463 1918 2175


of 96



Specific Oil Consumption ml/Kwh 4.00 3.80 3.60 (04/12 to 06/12) 3.40

3.20

(07/12 to 03/13) 3.40

Average Oil Consumption ml/Kwh 4.00 3.80 3.60 3.40 3.20


Price of Oil Rs./KL 28670 30104 31609 33189 34849

















Table 7.3.11

Total Charges as approved earlier and as revised by the Commission by the Commission

Particulars

FY 10 FY 11

As approved by the


As determined


Diff. (if any)

As approved by the


As determined


Diff. (if any)

Interest on Loan 23.02 10.80 -12.22 21.52 13.47 -8.05

Depreciation 13.63 12.27 -1.36 13.63 12.27 -1.36

A A D 0.00 0.00 0.00 0.00 0.00 0.00

of 96

Particulars

FY 10 FY 11

As approved by the


As determined


Diff. (if any)

As approved by the


As determined


Diff. (if any)

Return on Equity 6.64 14.53 7.89 6.64 14.53 7.89

O & M Expenses 92.61 92.61 0.00 98.32 98.32 0.00

Com. Allowance 2.48 2.48 0.00 2.48 2.48 0.00

I W C 15.52 15.72 0.20 15.33 14.81 -0.52


153.89 148.41 -5.48 157.92 155.88 -2.04


94 91 -3 107 117 10


262.19 262.19 0.00 249.32 227.45 -21.87


160 160 0 169 171 2


416.08 410.60 -5.48 407.24 383.33 -23.91


1638.48 1638.48 0.00 1475.72 1328.55 -147.17


-3 276 289

13

Particulars

FY 12 FY 13

As approved by the


As determined


Diff. (if any)

As approved by the


As determined


Diff. (if any)

Interest on Loan 34.98 12.12 -22.86 32.77 13.11 -19.66

Depreciation 20.03 12.27 -7.76 20.03 16.77 -3.26

A A D 0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 12.16 14.53 2.37 12.16 18.39 6.23

O & M Expenses 104.38 104.38 0.00 110.83 110.83 0.00

Com. Allowance 2.48 2.48 0.00 2.48 2.48 0.00

I W C 15.69 15.10 -0.59 19.61 18.72 -0.89


189.72 160.88 -28.84 197.88 180.30 -17.58


143 128 -15 104 105 1


235.86 226.83 -9.03 336.36 310.19 -26.17


178 180 2 177 181 4


425.58 387.71 -37.87 534.24 490.48 -43.76


1323.85 1257.27 -66.58 1900.18 1710.35 -189.83


-13 281 287

6

of 96

Particulars

FY 14

As approved by

the Commission


As determined


Diff. (if any)



A A D 0.00 0.00 0.00


O & M Expenses 117.68 117.68 0.00


I W C 20.86 21.31 0.45


F. C. per Unit (In Paise) 104 100 -4





1957.11 1957.11 0.00

Total Cost per Unit (In Paise) 289 287 -2

of 96

Section - 4

Multi Year Tariff

for

Obra ‘B’


for

FY 2009-10 to 2013-14

of 96

7.4.1 ARR and MYT as determined by the Commission vide order

dated January 20, 2011

Table 7.4.1

Obra ‘B’ 2009-10 2010-11 2011-12 2012-13 2013-14





ARR (Rs. in Cr.) 1071.33 1286.35 1557.86 1635.20 1750.63




Table 7.4.2









of 96

(b) R & M of Plant

Obra ‘B’ Power Station (5 x 200 MW) is more than 28 years old for which

a comprehensive Refurbishment Scheme involving expenditure of Rs

1635.00 Crs. has been approved by the Commission vide order dated

7.11.06. Initially the refurbishment work was proposed by the UPRVUNL

to be completed during the MYT Period but now as per review petition the

petitioner has now dropped the proposed refurbishment works from the

MYT period and therefore no investments on this account is being

considered by the Commission.


Table 7.4.3


OBRA 'B' Power Station 2009-10 2010-11 2011-12 2012-13 2013-14

Op. GFA 484.56 484.56 484.56 484.56 484.56

Additions 0.00 0.00 0.00 0.00 0.00

Cl. GFA 484.56 484.56 484.56 484.56 484.56

Cl. Net FA 179.15 161.89 144.63 127.37 110.11

Financing:

Op. Equity 124.88 124.88 124.88 124.88 124.88

Additions 0.00 0.00 0.00 0.00 0.00

Cl. Equity : 124.88 124.88 124.88 124.88 124.88

Op. Accu Dep. 288.15 305.41 322.67 339.93 357.19

Dep. During the year 17.26 17.26 17.26 17.26 17.26

Cl. Accu. Dep. 305.41 322.67 339.93 357.19 374.45

Op. Debts 71.53 54.27 37.01 19.75 2.49

Additions 0.00 0.00 0.00 0.00 0.00

Less: Dep. 17.26 17.26 17.26 17.26 2.49

Cl. Debts 54.27 37.01 19.75 2.49 0.00

of 96

(d) RoE, Depreciation and Interest on Loans

Table 7.4.4

Details of RoE, Depreciation, AAD, Interest on Loans, O & M and Com. Allowance

Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14

1 Return on Equity 19.36 19.36 19.36 19.36 19.36

2 Depreciation 17.26 17.26 17.26 17.26 17.26

3 AAD 0.00 29.55 87.63 71.94 71.94

4 Interest on Debts 7.21 5.23 3.25 1.27 0

5 O & M Expenses 182.00 195.48 209.91 225.42 241.95

6 Com. Allowance 6.60 6.81 7.02 7.02 7.02

Total: 232.42 273.68 344.43 342.28 357.67


Table 7.4.5

Annual Receivables of Obra ‘B’ Power Station required for calculation of Working Capital:

Particulars 2009-10 2010-11 2011-12 2012-13 2013-14


Cost of Fuel 741.89 786.89 846.87 923.61 1019.07



Table 7.4.6

Working Capital as determined by the commission







6 Working Capital 314.81 339.17 373.30 400.36 436.30

7 Rate of Interest 12.25 12.25 12.25 12.25 12.25

8 I W C 38.56 41.55 45.73 49.04 53.45


of 96


Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

Working Capital 341.75 391.08 456.69 490.79 526.61

Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%

I W C 41.86 47.91 55.94 60.12 64.51


Table 7.4.8


Particulars

FY 10 FY 11

As approved by

the Commission vide Tariff Order dt: 20.01.11

As determined


Diff. (if any)

As approved by the


As determined


Diff. (if any)

Interest on Loan 33.79 7.21 -26.58 85.76 5.23 -80.53

Depreciation 28.20 17.26 -10.94 51.00 17.26 -33.74


0.00 0.00 0.00 29.55 29.55 0.00

Return on Equity 27.85 19.36 -8.49 48.13 19.36 -28.77

O & M Expenses 182.00 182.00 0.00 195.48 195.48 0.00


6.60 6.60 0.00 6.81 6.81 0.00


39.14 38.56 -0.58 44.98 41.55 -3.43

Total : 317.58 270.99 -46.59 461.71 315.23 -146.48


5178.00 5096.13 -81.87 5435.00 5186.10 -248.90

Fixed Cost per Unit 0.61 0.53 -0.08 0.85 0.61 -0.24

Particulars

FY 12 FY 13

As approved by


As determined


Diff. (if any)

As approved by


As determined


Diff. (if any)

Interest on Loan 141.96 3.25 -138.71 133.24 1.27 -131.97

Depreciation 76.10 17.26 -58.84 76.10 17.26 -58.84


87.63 87.63 0.00 71.94 71.94 0.00

Return on Equity 68.40 19.36 -49.04 68.40 19.36 -49.04

of 96

Particulars

FY 12 FY 13

As approved by


As determined


Diff. (if any)

As approved by


As determined


Diff. (if any)

O & M Expenses 209.91 209.91 0.00 225.42 225.42 0.00


7.02 7.02 0.00 7.02 7.02 0.00


52.27 45.73 -6.54 55.60 49.04 -6.56

Total : 643.29 390.16 -253.13 637.72 391.32 -246.40


5783.00 5355.16 -427.84 6052.00 5603.86 -448.14


Particulars

FY 14

As approved by


As determined


Diff. (if any)

Interest on Loan 124.52 0.14 -124.38

Depreciation 76.10 17.26 -58.84



O & M Expenses 241.95 241.95 0.00


Interest on Working Capital 60.03 53.45 -6.58

Total : 649.96 411.12 -238.84

Ex-bus Energy Sent Out (kwh) 6408.00 5932.71 -475.29

Fixed Cost per Unit 1.01 0.69 -0.32



of 96


for F.Y. 2009-10

Month

Weighted Average of

Landed Cost of Oil

Weighted Average of


Weighted Average of

Landed Cost of Coal

Weighted Average of



April' 2009 20685.09 10180.00 1412.31 3687.00

May' 2009 22735.96 10180.00 1418.24 3786.00

June’ 2009 25474.16 9965.00 1268.90 3559.00

July’ 2009 28166.44 9965.00 1303.59 3261.00

Aug’ 2009 28933.08 10003.00 1210.82 3339.00

Sept’ 2009 30585.64 10003.00 1227.77 3345.00

Oct’ 2009 29797.69 10003.00 1490.05 3029.00

Nov’ 2009 30254.68 10003.00 1443.10 3304.00

Dec’ 2009 31583.17 10429.00 1535.88 2818.00

Jan’ 2010 31880.37 10429.00 1482.69 3040.00

Feb’ 2010 31117.02 10429.00 1495.39 2984.00

Mar’ 2010 31117.02 10429.00 1467.15 2962.00

Total: 342330.32 122018.00 16755.89 39114.00 Monthly

Weighted Avg. 28527.53 10168.17 1396.32 3259.50


Table 7.4.10 Variable charge per unit of generation for Obra ‘B’ Power Station


Capacity MW 1000 1000 1000 1000 1000

Target Availability % 70 71 73 76 80







Specific Oil Consumption ml/Kwh 2.50 2.40 2.30 2.20 2.10


Price of Oil Rs./KL 28528 29954 31452 33024 34675







of 96









(c) Adjustment of Rate of Energy Charge on Account of Variation in

price or Heat Value of Fuels:




Particulars

FY 10 FY 11

As approved by


As determined


Diff. (if any) As approved by the


As determined


Diff. (if any)

Interest on Loan 33.79 7.21 -26.58 85.76 5.23 -80.53

Depreciation 28.20 17.26 -10.94 51.00 17.26 -33.74

A A D 0.00 0.00 0.00 29.55 29.55 0.00

Return on Equity 27.85 19.36 -8.49 48.13 19.36 -28.77

O & M Expenses 182.00 182.00 0.00 195.48 195.48 0.00

Com. Allowance 6.60 6.60 0.00 6.81 6.81 0.00

I W C 39.14 38.56 -0.58 44.98 41.55 -3.43

Fixed Cost (Rs. in Crs.) 317.58 270.99 -46.59 461.71 315.23 -146.48

F. C. per Unit (In Paise) 61 53 -8 85 61 -24


753.74 741.89 -11.85 824.65 786.89 -37.76


Total Cost (Rs. in Crs.) 1071.32 1012.88 -58.44 1286.36 1102.13 -184.23


5178.00 5096.13 -81.87 5435.00 5186.10 -248.90


-8 237 213

-24

of 96

Particulars

FY 12 FY 13

As approved by


As determined


Diff. (if any) As approved by the


As determined


Diff. (if any)

Interest on Loan 141.96 3.25 -138.71 133.24 1.27 -131.97

Depreciation 76.10 17.26 -58.84 76.10 17.26 -58.84

A A D 87.63 87.63 0.00 71.94 71.94 0.00

Return on Equity 68.40 19.36 -49.04 68.40 19.36 -49.04

O & M Expenses 209.91 209.91 0.00 225.42 225.42 0.00

Com. Allowance 7.02 7.02 0.00 7.02 7.02 0.00

I W C 52.27 45.73 -6.54 55.60 49.04 -6.56



V. C. on Fuel (Rs. in Crs.) 914.57 846.87 -67.70 997.48 923.61 -73.87




5783.00 5355.16 -427.84 6052.00 5603.86 -448.14


-38 270 235

-36

Particulars

FY 14

As approved by the Commission vide Tariff Order

dt: 20.01.11


Commission on Review

Diff. (if any)

Interest on Loan 124.52 0.14 -124.38

Depreciation 76.10 17.26 -58.84

A A D 71.94 71.94 0.00


O & M Expenses 241.95 241.95 0.00


I W C 60.03 53.45 -6.58



V. C. on Fuel (Rs. in Crs.) 1100.66 1019.07 -81.59



Ex-bus Energy Sent Out (kwh) 6408.00 5932.71 -475.29


of 96

Section - 5

Multi Year Tariff

for

Panki


for

FY 2009-10 to 2013-14

of 96

7.5.1 ARR and MYT as determined by the Commission vide order dated January

20, 2011

Table 7.5.1

Panki 2009-10 2010-11 2011-12 2012-13 2013-14





ARR (Rs. In Cr.) 390.11 410.60 437.88 466.97 797.11




Table 7.5.2

Components of Fixed Charge

Value Remark







Interest on working capital

12.25 % As per the Regulations

of 96


Table 7.5.3


(c) RoE, Depreciation and Interest on Loans

Table 7.5.4

Details of RoE, Depreciation, Interest on Loans, O & M and Com. Allowance

Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14

1 Return on Equity 6.01 6.01 6.01 6.01 6.01

2 Depreciation 5.95 5.95 6.01 6.02 6.02


4 O & M Expenses 79.55 84.33 94.73 106.06 112.40

5 Com. Allowance 1.37 1.37 1.37 1.37 1.37

Total: 97.88 102.01 111.78 122.42 128.06


PANKI Power Station 2009-10 2010-11 2011-12 2012-13 2013-14

Op. GFA 167.21 167.81 167.81 167.81 167.81

Additions 0.60 0.00 0.00 0.00 0.00

Cl. GFA 167.81 167.81 167.81 167.81 167.81

Cl. Net FA 88.44 94.39 100.40 106.42 112.44

Financing:

Op. Equity 38.80 38.80 38.80 38.80 38.80

Additions 0.00 0.00 0.00 0.00 0.00

Cl. Equity 38.80 38.80 38.80 38.80 38.80

Op. Accu Dep. 82.49 88.44 94.39 100.40 106.42


Cl. Accu. Dep. 88.44 94.39 100.40 106.42 112.44

Op. Debts 45.92 40.57 34.62 28.61 22.59

Additions 0.60 0.00 0.00 0.00 0.00

Less: Dep. 5.95 5.95 6.01 6.02 6.02

Cl. Debts 40.57 34.62 28.61 22.59 16.57

of 96

Table 7.5.5 Annual Receivables of Panki Power Station required for

calculation of Working Capital:

Particulars 2009-10 2010-11 2011-12 2012-13 2013-14


Cost of Fuel 277.91 293.48 309.81 326.92 350.23



Table 7.5.6









7 Rate of Interest 12.25 12.25 12.25 12.25 12.25



Table 7.5.7


Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

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%

I W C 14.42 15.22 17.55 20.83 22.70

(e) Capacity (Fixed) Charges per unit of Generation

Table 7.5.8 Fixed Charges as approved earlier and as revised by the Commission

Particulars

FY 10 FY 11


dt: 20.01.11



Diff. (if any)


dt: 20.01.11

As determined


Diff. (if any)

Interest on Loan 3.92 4.99 1.07 3.24 4.34 1.10

Depreciation 5.88 5.95 0.07 5.88 5.95 0.07


0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 6.74 6.01 -0.73 6.74 6.01 -0.73

of 96

Particulars

FY 10 FY 11


dt: 20.01.11



Diff. (if any)


dt: 20.01.11

As determined


Diff. (if any)

O & M Expenses 79.55 79.55 0.00 84.33 84.33 0.00


1.37 1.37 0.00 1.37 1.37 0.00


14.74 15.06 0.32 15.55 15.88 0.33

Total : 112.20 112.94 0.74 117.11 117.89 0.78


982.76 982.76 0.00 1001.16 1001.16 0.00

Cost per Unit 1.14 1.15 0.01 1.17 1.18 0.01

Particulars

FY 12 FY 13

As approved by


As determined


Diff. (if any)

As approved by


As determined


Diff. (if any)

Interest on Loan 2.57 3.65 1.08 1.89 2.96 1.07

Depreciation 5.88 6.01 0.13 5.88 6.02 0.14

Advance against Depreciation 0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 6.74 6.01 -0.73 6.74 6.01 -0.73

O & M Expenses 94.73 94.73 0.00 106.06 106.06 0.00


Interest on Working Capital 16.69 17.05 0.36 17.92 18.30 0.38

Total : 128.07 128.92 0.85 140.05 140.91 0.86


Cost per Unit 1.24 1.25 0.01 1.33 1.34 0.01

Particulars

FY 14

As approved by


As determined


Diff. (if any)





O & M Expenses 112.40 112.40 0.00



Total : 146.88 147.75 0.87

Ex-bus Energy Sent Out (kwh) 1091.74 1091.74 0.00

Cost per Unit 1.35 1.35 0.01

of 96



Table 7.5.9


Month

Weighted Average of

Landed Cost of Oil

Weighted Average of


Weighted Average of

Landed Cost of Coal

Weighted Average of



April' 2009 37397.25 8909.00 2272.59 3648.00

May' 2009 37884.82 8919.00 2978.30 3806.00

June’ 2009 38983.00 8968.00 2844.08 3797.00

July’ 2009 42917.98 8863.00 2399.12 3617.00

Aug’ 2009 43486.10 9438.00 3954.25 3716.00

Sept’ 2009 44325.75 9421.00 3717.72 3776.00

Oct’ 2009 42286.60 9441.00 2544.24 3750.00

Nov’ 2009 45768.25 9441.00 2599.71 3397.00

Dec’ 2009 45003.75 9463.00 2800.82 3536.00

Jan’ 2010 45495.42 9486.00 2550.33 3493.00

Feb’ 2010 44566.40 9476.00 2692.51 3688.00

Mar’ 2010 47845.53 9481.41 2932.96 3532.00

Total: 515960.85 111306.41 34286.63 43756.00 Monthly

Weighted Avg. 42996.74 9275.53 2857.22 3646.33


Table 7.5.10

Variable charge per unit of generation for Panki Power Station


Capacity MW 210 210 210 210 210

Target Availability Factor % 65 66 67 68 70









Price of Oil Rs./KL 42997 45147 47404 49774 52263


of 96











Rate of Energy Charges from secondary Fuel Oil Ex-bus

Paise/Kwh 12.07 12.14 12.03 12.03 12.02

Rate of Energy Charges from Coal Ex-bus

Paise/Kwh 270.71 281.00 287.72 297.86 308.78

Rate of Energy Charges Ex-bus per Kwh

Paise/Kwh 282.78 293.14 299.75 309.89 320.80






Particulars

FY 10 FY 11

As approved by the


As determined


Diff. (if any)

As approved by


As determined


Diff. (if any)

Interest on Loan 3.92 4.99 1.07 3.24 4.34 1.10

Depreciation 5.88 5.95 0.07 5.88 5.95 0.07

A A D 0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 6.74 6.01 -0.73 6.74 6.01 -0.73

O & M Expenses 79.55 79.55 0.00 84.33 84.33 0.00

Com. Allowance 1.37 1.37 0.00 1.37 1.37 0.00

I W C 14.74 15.06 0.32 15.55 15.88 0.33







982.76 982.76 0.00 1001.16 1001.16 0.00


1 410 411

1

of 96

Particulars

FY 12 FY 13

As approved by the


As determined


Diff. (if any)

As approved by


As determined


Diff. (if any)

Interest on Loan 2.57 3.65 1.08 1.89 2.96 1.07

Depreciation 5.88 6.01 0.13 5.88 6.02 0.14

A A D 0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 6.74 6.01 -0.73 6.74 6.01 -0.73

O & M Expenses 94.73 94.73 0.00 106.06 106.06 0.00

Com. Allowance 1.46 1.46 0.00 1.56 1.56 0.00

I W C 16.69 17.05 0.36 17.92 18.30 0.38







1033.55 1033.55 0.00 1054.95 1054.95 0.00


1 443 443

1

Particulars

FY 14


dt: 20.01.11



Diff. (if any)



A A D 0.00 0.00 0.00


O & M Expenses 112.40 112.40 0.00


I W C 19.09 19.49 0.40





Total Cost (Rs. in Crs.) 497.11 497.98 0.87


Total Cost per Unit (In Paise) 455 456 1

of 96

Section - 6

Multi Year Tariff

for

Harduaganj


for

FY 2009-10 to 2013-14

of 96

7.6.1 ARR and MYT as determined by the Commission vide order dated January 20, 2011

Table 7.6.1

Harduaganj TPS 2009-10 2010-11 2011-12 2012-13 2013-14





ARR (Rs. in Cr.) 280.28 453.17 460.42 540.19 575.66

7.6.2 ARR and MYT as determined by the Commission as a result of review


(a) Provisions under Regulations:

Table 7.6.2









(b) R & M of Plant

Harduaganj Power Station (220 MW) is more than 33 years old for which

a comprehensive Refurbishment Scheme has been proposed by

UPRVUNL involving expenditure of Rs 392.00 Crs. Apart from the above

of 96

a sum of Rs.139.12 Crore was also proposed to be incurred by the

UPRVUNL under corporate responsibility for environment protection

(CREP). The work under are R&M of Unit no.7 of Harduaganj TPS was

originally completed in July’ 2011 and the work of CREP was proposed to

be completed during FY 2010-11. Now both the works are proposed to be

completed at the end of June’ 2012. Accordinglt the ARR and Tariff is

being revised as per review petition.


Table 7.6.3


HARDUAGANJ Power Station 2009-10 2010-11 2011-12 2012-13 2013-14

Op. GFA 289.20 290.20 290.20 290.20 821.32

Additions 1.00 0.00 0.00 531.12 0.00

Clo. GFA 290.20 290.20 290.20 821.32 821.32

Cl. Net FA 116.56 106.00 95.45 576.10 525.63

Financing:

Op. Equity 82.14 82.14 82.14 82.14 214.04

Additions 0.00 0.00 0.00 131.90 0.00

Cl. Equity 82.14 82.14 82.14 214.04 214.04

Op. Accu Dep. 163.09 173.64 184.20 194.75 245.22

Dep. During the year 10.55 10.55 10.55 29.65 29.65

A. A. D. 0.00 0.00 0.00 20.82 20.82

Cl. Accu. Dep. 173.64 184.20 194.75 245.22 295.69

Op. Debts 43.97 34.42 23.86 13.31 362.06

Additions 1.00 0.00 0.00 399.22 0.00

Less : Dep. 10.55 10.55 10.55 50.47 42.46

Cl. Debts 34.42 23.86 13.31 362.06 319.60

(d) RoE, Depreciation, O & M and Interest on Loans

Table 7.6.4

Details of RoE, Depreciation, A.A.D., Interest on Loans, O & M and Com. Allowance

Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14

1 Return on Equity 12.73 12.73 12.73 33.18 33.18

of 96

Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14

2 Depreciation 10.55 10.55 10.55 29.65 29.65

3 A. A.. D. 0.00 4.10 6.04 10.84 10.84


5 O & M Expenses 74.43 79.08 87.99 93.49 99.34

6 Com. Allowance 1.43 1.43 1.53 1.53 1.53

Total: 103.89 111.43 121.10 191.41 215.81

Table 7.6.4 (a)

Calculation of Advance Against Depreciation:

Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

1/10 of Loans 0.00 0.00 0.00 39.92 39.92




(A) 0.00 0.00 0.00 20.82 20.82



(B) 0.00 0.00 0.00 30.58 61.16



Table 7.6.5

Annual Receivables of Harduaganj Power Station required for calculation of Working Capital:

Particulars 2009-10 2010-11 2011-12 2012-13 2013-14


Cost of Fuel 237.19 240.85 136.87 271.26 345.68



Table 7.6.6








of 96



7 Rate of Interest 12.25 12.25 12.25 12.25 12.25



Table 7.6.7


Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

Working Capital 134.18 146.34 175.68 189.23 204.00

Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%

I W C 16.44 17.93 21.52 23.18 24.99

(f) Capacity (Fixed) Charges per unit Generation

Table 7.6.8


Particulars

FY 10 FY 11

As approved by the


As determined


Diff. (if any)

As approved by the


As determined


Diff. (if any)

Interest on Loan 1.88 4.75 2.87 16.94 3.53 -13.41

Depreciation 9.70 10.55 0.85 14.70 10.55 -4.15


0.00 0.00 0.00 4.10 4.10 0.00

Return on Equity 12.25 12.73 0.48 12.25 12.73 0.48

O & M Expenses 74.43 74.43 0.00 79.08 79.08 0.00


1.43 1.43 0.00 1.43 1.43 0.00


10.73 13.52 2.79 10.07 13.97 3.90

Total : 110.42 117.41 6.99 138.57 125.40 -13.17


611.00 852.79 241.79 456.00 840.11 384.11


of 96

Particulars

FY 12 FY 13

As approved by the


As determined


Diff. (if any)

As approved by the


As determined


Diff. (if any)

Interest on Loan 50.01 2.25 -47.76 46.50 22.73 -23.77

Depreciation 28.96 10.55 -18.41 28.96 29.65 0.69


6.04 6.04 0.00 10.84 10.84 0.00

Return on Equity 26.20 12.73 -13.47 26.20 33.18 6.98

O & M Expenses 87.99 87.99 0.00 93.49 93.49 0.00


1.53 1.53 0.00 1.53 1.53 0.00


15.92 10.67 -5.25 18.77 17.23 -1.54

Total : 216.65 131.77 -84.88 226.29 208.65 -17.64


850.63 474.60 -376.03 1037.79 912.03 -125.76


Particulars

FY 14

As approved by


As determined


Diff. (if any)




10.84 10.84 0.00


O & M Expenses 99.34 99.34 0.00



Total : 230.02 236.52 6.50


1105.00 1105.47 0.47

Fixed Cost per Unit 2.08 2.14 0.06



of 96


for F.Y. 2009-10.

Month

Weighted Average of

Landed Cost of Oil

Weighted Average of

Gross Calorific value

of Oil

Weighted Average of

Landed Cost of Coal

Weighted Average of Gross Calorific

value of Coal


April' 2009 19143.22 10048.00 2579.95 3560.00

May' 2009 19143.22 10048.00 2633.71 3722.00

June’ 2009 19143.22 10048.00 2559.62 3971.00

July’ 2009 25777.13 10048.00 2579.27 4216.00

Aug’ 2009 27603.32 10067.00 2484.81 3928.00

Sept’ 2009 27603.32 10067.00 2491.43 3910.00

Oct’ 2009 35474.12 10067.00 2657.58 3852.00

Nov’ 2009 35474.12 10067.00 2731.65 3979.00

Dec’ 2009 35474.12 10067.00 3103.69 3868.00

Jan’ 2010 35474.12 10067.00 3117.03 3796.00

Feb’ 2010 35474.12 10067.00 2941.20 3962.00

Mar’ 2010 29061.19 10067.00 3144.49 4033.00

Total: 344845.22 120728.00 33024.43 46797.00

Monthly Weighted Avg. 28737.10 10060.67 2752.04 3899.75


Table 7.6.10

Variable charge per unit of generation for Harduaganj Power Station


Capacity MW 220 (4/10 to

5/3/11) 220 (4/12 to

30/6/12)115 115 235

MW (6/3/11 to

31/3/11)115 (07/12 to

03/11)235 235 235

Average Capacity MW 220 212 115 205 235

Target Availability % 55 56 58 61 65

Plant Load Factor (PLF) % 50 51 53 (4/12 to

6/12) 56 60

Plant Load Factor (PLF) % (7/12 to

3/13) 56

Average(PLF) 50 51 53 56 60

Gross Station Heat Rate Kcal/kWh 3350 3300 3250 (4/12 to

6/12) 3200 3150

Kcal/kWh (7/12 to

3/13) 3200

Auxiliary Energy Consumption % 11.5 11.3 11.1 (4/12 to

6/12) 10.9 10.5

(7/12 to

of 96


3/13) 10.9

Gross Generation MU 963.6 947.1 533.9 1023.6 1235.2

Total Gross Generation MU 963.6 947.1 533.9 1023.6 1235.2

Auxiliary Energy Consumption MU 110.81 107.03 59.32 111.57 129.69

Ex-bus Energy Sent Out MU 852.79 840.11 474.60 912.03 1105.47



Price of Oil Rs./KL 28737 30174 31683 33267 34930




Total Oil Consumption KL 4336.2 4073 2296 2083 4570

Total Oil Consumption KL 4336.2 4073 2296 2083 4570




Total Coal Consumption MMT 0.817 0.791 0.427 0.830 0.986










Table 7.6.11


Particulars

FY 10 FY 11

As approved by


As determined


Diff. (if any)

As approved by


As determined


Diff. (if any)

Interest on Loan 1.88 4.75 2.87 16.94 3.53 -13.41

of 96

Particulars

FY 10 FY 11

As approved by


As determined


Diff. (if any)

As approved by


As determined


Diff. (if any)

Depreciation 9.70 10.55 0.85 14.70 10.55 -4.15

A A D 0.00 0.00 0.00 4.10 4.10 0.00

Return on Equity 12.25 12.73 0.48 12.25 12.73 0.48

O & M Expenses 74.43 74.43 0.00 79.08 79.08 0.00

Com. Allowance 1.43 1.43 0.00 1.43 1.43 0.00

I W C 10.73 13.52 2.79 10.07 13.97 3.90







Total Cost per Unit (In Paise) 459 416 -43 591 436 -155

Particulars

FY 12 FY 13

As approved by


As determined


Diff. (if any)

As approved by


As determined


Diff. (if any)

Interest on Loan 50.01 2.25 -47.76 46.50 22.73 -23.77

Depreciation 28.96 10.55 -18.41 28.96 29.65 0.69

A A D 6.04 6.04 0.00 10.84 10.84 0.00

Return on Equity 26.20 12.73 -13.47 26.20 33.18 6.98

O & M Expenses 87.99 87.99 0.00 93.49 93.49 0.00

Com. Allowance 1.53 1.53 0.00 1.53 1.53 0.00

I W C 15.92 10.67 -5.25 18.77 17.23 -1.54



V. C. on Fuel (Rs. in Crs.) 243.76 136.87 -106.89 313.90 271.26 -42.64

V. C. per Unit (In paise) 287 288 2 302 297 -5


Ex-bus Energy Sent Out (kwh) 850.63 474.60 -376.03 1037.79 912.03 -125.76


of 96

Particulars

FY 14

As approved by


As determined


Diff. (if any)



A A D 10.84 10.84 0.00


O & M Expenses 99.34 99.34 0.00


I W C 20.16 20.71 0.55








of 96

Section - 7

Multi Year Tariff

for

Parichha


for

FY 2009-10 to 2013-14

of 96


Table 7.7.1

Parichha 2009-10 2010-11 2011-12 2012-13 2013-14





ARR (Rs. In Cr.) 360.48 388.88 412.54 442.90 480.37

7.7.2 ARR and MYT as determined by the Commission as a result of review.



Table 7.7.2






Advance Against Depreciation Zero As per the Regulations



Table 7.7.3


PARICHHA Power Station 2009-10 2010-11 2011-12 2012-13 2013-14 Op. GFA 222.46 222.66 282.36 282.36 282.36

Additions 0.20 59.70 0.00 0.00 0.00 Cl. GFA 222.66 282.36 282.36 282.36 282.36

of 96

PARICHHA Power Station 2009-10 2010-11 2011-12 2012-13 2013-14

Cl. Net FA 84.29 133.98 123.89 113.81 103.72

Financing:

Op. Equity 54.16 54.16 72.06 72.06 72.06 Additions 0.00 17.90 0.00 0.00 0.00

Cl. Equity 54.16 72.06 72.06 72.06 72.06

Op. Accu Dep. 130.47 138.37 148.38 158.47 168.55

Dep. during the year 7.90 10.01 10.09 10.08 10.08 Cl. Accu. Dep. 138.37 148.38 158.47 168.55 178.64

Op. Debts 37.83 30.13 61.92 51.83 41.75 Additions 0.20 41.80 0.00 0.00 0.00

Less: Depreciation 7.90 10.01 10.09 10.08 8.61 Cl. Debts 30.13 61.92 51.83 41.75 33.13

(c) RoE, Depreciation, O & M and Interest on Loans

Table 7.7.4

Details of RoE, Depreciation, AAD, Interest on Loans, O & M and Com. Allowance

Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14

1 Return on Equity 8.39 11.17 11.17 11.17 11.17

2 Depreciation 7.90 10.01 10.09 10.08 10.08

3 A A D 0.00 0.00 0.00 0.00 0.00


5 O & M Expenses 61.59 65.17 68.96 72.97 77.22

6 Com. Allowance 1.43 1.43 1.43 1.43 1.43

Total: 83.57 93.54 98.77 101.51 104.59


Table 7.7.5

Annual Receivables of Parichha Power Station required for calculation of Working Capital:

Particulars 2009-10 2010-11 2011-12 2012-13 2013-14


Cost of Fuel 263.82 278.87 299.09 325.56 358.63



of 96

Table 7.7.6 Working Capital and Interest thereon as determined by the commission







6 Working Capital 111.03 118.26 126.29 135.83 147.46

7 Rate of Interest 12.25 12.25 12.25 12.25 12.25

8 I W C 13.60 14.49 15.47 16.64 18.06


Table 7.7.7


Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

Working Capital 114.08 122.44 132.61 148.23 161.08

Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%

I W C 13.97 15.00 16.24 18.16 19.73


Table 7.7.8


Particulars

FY 10 FY 11

As approved by


As determined


Diff. (if any)

As approved by


As determined

by the Commissio

n on Review

Diff. (if

any)

Interest on Loan 3.50 4.25 0.75 7.48 5.76 -1.72

Depreciation 7.95 7.90 -0.05 10.05 10.01 -0.04


0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 8.87 8.39 -0.48 11.64 11.17 -0.47

O & M Expenses 61.59 61.59 0.00 65.17 65.17 0.00


1.43 1.43 0.00 1.43 1.43 0.00


13.32 13.60 0.28 14.24 14.49 0.25

Total : 96.66 97.17 0.51 110.01 108.02 -1.99


1023.00 1023.00 0.00 1043.00 1043.00 0.00

Fixed Cost per Unit 0.94 0.95 0.01 1.05 1.04 -0.02

of 96

Particulars

FY 12 FY 13

As approved by


As determined


Diff. (if any)

As approved by


As determined


Diff. (if any)

Interest on Loan 6.22 7.12 0.90 4.96 5.86 0.90

Depreciation 10.05 10.09 0.04 10.05 10.08 0.03


0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 11.64 11.17 -0.47 11.64 11.17 -0.47

O & M Expenses 68.96 68.96 0.00 72.97 72.97 0.00


1.43 1.43 0.00 1.43 1.43 0.00


15.15 15.47 0.32 16.29 16.64 0.35

Total : 113.45 114.24 0.79 117.34 118.15 0.81


1079.00 1079.00 0.00 1133.00 1133.00 0.00


Particulars

FY 14

As approved by


As determined


Diff. (if any)





O & M Expenses 77.22 77.22 0.00



Total : 121.72 122.66 0.94


Fixed Cost per Unit 1.01 1.02 0.01



of 96


for F.Y. 2009-10

Month

Weighted Average of

Landed Cost of Oil

Weighted Average of


Weighted Average of

Landed Cost of Coal

Weighted Average of

Gross Calorific

value of Coal


April' 2009 23418.33 9998.74 2470.29 3327.07

May' 2009 22434.31 9928.32 2740.00 3374.38

June’ 2009 28700.35 9845.18 2288.15 3170.67

July’ 2009 33267.20 9518.61 2229.65 3182.83

Aug’ 2009 28620.58 9855.58 2248.85 3233.79

Sept’ 2009 30502.66 9914.80 2216.17 3334.08

Oct’ 2009 33450.87 9816.10 2281.27 3401.51

Nov’ 2009 30615.64 9925.38 2246.14 3370.30

Dec’ 2009 31075.39 9792.34 2415.49 3310.43

Jan’ 2010 31430.44 9893.23 2490.28 3200.53

Feb’ 2010 36331.65 9823.80 2450.82 3212.21

Mar’ 2010 36331.65 9823.80 1984.61 3209.23

Total: 366179.07 118135.88 28061.72 39327.03 Monthly

Weighted Avg. 30514.92 9844.66 2338.48 3277.25


Table 7.7.10 Variable charge per unit of generation for Parichha Power Station


Capacity MW 220 220 220 220 220







Specific Oil Consumption ml/Kwh 3 2.9 2.8 2.7 2.6


Price of Oil Rs./KL 30515 32041 33643 35325 37091




of 96
















Table 7.7.11


Particulars

FY 10 FY 11

As approved by




Diff. (if any)

As approved by the


As determined


Diff. (if any)

Interest on Loan 3.50 4.25 0.75 7.48 5.76 -1.72

Depreciation 7.95 7.90 -0.05 10.05 10.01 -0.04

A A D 0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 8.87 8.39 -0.48 11.64 11.17 -0.47

O & M Expenses 61.59 61.59 0.00 65.17 65.17 0.00

Com. Allowance 1.43 1.43 0.00 1.43 1.43 0.00

I W C 13.32 13.60 0.28 14.24 14.49 0.25


F. C. per Unit (In Paise) 94 95 1 105 104 -2



Total Cost (Rs. in Crs.) 360.48 360.99 0.51 388.88 386.89 -1.99


1023.00 1023.00 0.00 1043.00 1043.00 0.00

Total Cost per Unit (In Paise)

352 353 0 373 371 -2

of 96

Particulars

FY 12 FY 13

As approved by the


As determined


Diff. (if any)

As approved by the


As determined


Diff. (if any)

Interest on Loan 6.22 7.12 0.90 4.96 5.86 0.90

Depreciation 10.05 10.09 0.04 10.05 10.08 0.03

A A D 0.00 0.00 0.00 0.00 0.00 0.00

Return on Equity 11.64 11.17 -0.47 11.64 11.17 -0.47

O & M Expenses 68.96 68.96 0.00 72.97 72.97 0.00

Com. Allowance 1.43 1.43 0.00 1.43 1.43 0.00

I W C 15.15 15.47 0.32 16.29 16.64 0.35








Particulars

FY 14

As approved by


As determined


Diff. (if any)



A A D 0.00 0.00 0.00


O & M Expenses 77.22 77.22 0.00


I W C 17.68 18.06 0.38








of 96

Section - 8

Multi Year Tariff

for

Parichha Extension


for

FY 2009-10 to 2013-14

of 96

7.8.1 ARR and MYT as determined by the Commission vide order

dated January 20, 2011.

Table 7.8.1

Parichha Extension 2009-10 2010-11 2011-12 2012-13 2013-14





ARR (Rs. in Cr.) 959.18 1009.79 1037.54 1067.24 1096.87




Table 7.8.2



Interest on Loans 9.06% to 10.78% Rate of Interest on Loans as claimed in different years on form 13 of ARR by UPRVUNL







Table 7.8.3

of 96


Parichha Extension Thermal Power

Station 2009-10 2010-11 2011-12 2012-13 2013-14

Op. GFA 1709.81 1863.21 1863.21 1863.21 1863.21

Additions 153.40 0.00 0.00 0.00 0.00

Cl. GFA 1863.21 1863.21 1863.21 1863.21 1863.21

Cl. Net FA 1623.27 1498.05 1372.83 1247.61 1122.39

Financing:

Op. Equity 343.20 365.00 365.00 365.00 365.00

Additions 21.80 0.00 0.00 0.00 0.00

Cl. Equity 365.00 365.00 365.00 365.00 365.00

Op. Accu Dep. 135.94 239.94 365.16 490.38 615.60


A A D 36.81 58.03 58.03 58.03 58.03

Cl. Accu. Dep. 239.94 365.16 490.38 615.60 740.82

Op. Debts 1230.67 1258.27 1133.05 1007.83 882.61

Additions 131.60 0.00 0.00 0.00 0.00

Less: Depreciation 104.00 125.22 125.22 125.22 125.22

Cl. Debts 1258.27 1133.05 1007.83 882.61 757.39

(c) RoE, Depreciation, O & M and Interest on Loans

Table 7.8.4

Details of RoE, Depreciation, A A D, Interest on Loans and O&M

Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14

1 Return on Equity 56.58 56.58 56.58 56.58 56.58

2 Depreciation 67.19 67.19 67.19 67.19 67.19

3 A A D 36.81 58.03 58.03 58.03 58.03


5 O & M Expenses 76.44 80.81 85.43 90.34 95.51

6 Com. Allowance 0.00 0.00 0.00 0.00 0.00

Total: 349.76 370.93 364.20 357.77 351.60

of 96

Table 7.8.4 (a)

Calculation of Advance Against Depreciation (Rs. in Crore)

Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

1/10 of Loans 140.40 149.03 149.03 149.03 149.03




(A) 53.92 58.03 58.03 58.03 58.03 Cumul. Repayment of Loans 238.11 363.33 488.56 613.78 739.00


(B) 36.81 94.84 152.88 210.91 268.94 Advance agnst. Dep. (Min. of A & B) 36.81 58.03 58.03 58.03 58.03


Table 7.8.5

Annual Receivables of Parichha Extension Power Station required for calculation of Working Capital:

Particulars 2009-10 2010-11 2011-12 2012-13 2013-14


349.76 370.93 364.20 357.77 351.60

Cost of Fuel 577.48 606.36 636.67 668.51 701.93



Table 7.8.6







5

Receivables equivalent to 2 months of fixed charges for sale of electricity 159.73 168.35 172.47 176.91 181.66


7 Rate of Interest 12.25 12.25 12.25 12.25 12.25


of 96

Table 7.8.7


Particulars 2009-10 2010-11 2011-12 2012-13 2013-14

Working Capital 253.62 267.53 277.30 287.69 298.32

Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%

I W C 31.07 32.77 33.97 35.24 36.54


Table 7.8.8


Particulars

FY 10 FY 11

As approved by the


As determined


Diff. (if any)

As approved by the


As determined


Diff. (if any)

Interest on Loan 114.12 112.75 -1.37 108.67 108.33 -0.34

Depreciation 67.20 67.19 -0.01 67.20 67.19 -0.01


36.82 36.81 0.00 58.04 58.03 0.00

Return on Equity 56.58 56.58 0.00 56.58 56.58 0.00

O & M Expenses 76.44 76.44 0.00 80.81 80.81 0.00


0.00 0.00 0.00 0.00 0.00 0.00


30.55 31.15 0.60 32.15 32.81 0.66

Total : 381.71 380.92 -0.78 403.45 403.74 0.30


2678.00 2678.00 0.00 2678.00 2678.00 0.00

Cost per Unit 1.43 1.42 0.00 1.51 1.51 0.00

Particulars

FY 12 FY 13

As approved by the


As determined


Diff. (if any)

As approved by the


As determined


Diff. (if any)

Interest on Loan 100.30 96.98 -3.32 92.01 85.64 -6.37

Depreciation 67.20 67.19 -0.01 67.20 67.19 -0.01


58.04 58.03 0.00 58.04 58.03 0.00

Return on Equity 56.58 56.58 0.00 56.58 56.58 0.00

O & M Expenses 85.43 85.43 0.00 90.34 90.34 0.00

of 96


0.00 0.00 0.00 0.00 0.00 0.00


33.32 33.94 0.62 34.56 35.15 0.59

Total : 400.87 398.15 -2.71 398.73 392.92 -5.80


2678.00 2678.00 0.00 2678.00 2678.00 0.00

Cost per Unit 1.50 1.49 -0.01 1.49 1.47 -0.02

Particulars

FY 14

As approved by


As determined


Diff. (if any)





O & M Expenses 95.51 95.51 0.00



Total : 394.95 388.02 -6.92


Cost per Unit 1.47 1.45 -0.03




for F.Y. 2009-10

Month

Weighted Average of

Landed Cost of Oil

Weighted Average of

Gross Calorific

value of Oil

Weighted Average of

Landed Cost of Coal

Weighted Average of

Gross Calorific

value of Coal


April' 2009 23418.33 9966.08 2470.29 3582.45

May' 2009 22434.31 9940.28 2740.00 3955.89

June’ 2009 28700.35 9986.01 2703.42 3372.93

July’ 2009 33267.20 9871.09 2818.36 3406.07

Aug’ 2009 28620.58 9976.59 3119.19 3411.67

Sept’ 2009 30502.66 9934.13 3096.42 3550.22

of 96

Month

Weighted Average of

Landed Cost of Oil

Weighted Average of

Gross Calorific

value of Oil

Weighted Average of

Landed Cost of Coal

Weighted Average of

Gross Calorific

value of Coal


Oct’ 2009 33450.87 9917.02 3493.16 3481.06

Nov’ 2009 30615.64 9932.20 2446.14 3493.79

Dec’ 2009 31075.39 9874.74 2415.49 3482.65

Jan’ 2010 31430.44 9966.98 2490.28 3441.39

Feb’ 2010 36331.65 9854.61 2450.82 3385.01

Mar’ 2010 36331.65 9854.61 1984.61 3476.70

Total: 366179.07 119074.34 32228.18 42039.83 Monthly

Weighted Avg. 30514.92 9922.86 2685.68 3503.32


Table 7.8.10

Variable charge per unit of generation for Parichha Extension Power Station


Capacity MW 420 420 420 420 420

Availibility Factor % 80 80 80 80 80



Auxiliary Energy Consumption

% 9.0 9.0 9.0 9.0 9.0


Auxiliary Energy Consumption

MU 265 265 265 265 265


Specific Oil Consumption ml/Kwh 2 2 2 2 2.0

Weighted Average (GCV) of Oil

KCal/Lt. 9923 9923 9923 9923 9923

Price of Oil Rs./KL 30515 32041 33643 35325 37091

Weighted Average (GCV) of Coal

KCal/kg. 3503 3503 3503 3503 3503


Heat Contribution from SFO

Kcal/Kwh 20 20 20 20 20


Heat Contribution from Coal

Kcal/kWh 2480 2480 2480 2480 2480





of 96

Total Cost of Fuel (Oil & Coal)

Rs. in Cr. 577.48 606.36 636.67 668.51 701.93

Rate of Energy Charges from secondary Fuel Oil Ex-bus

Paise/Kwh 6.71 7.04 7.39 7.76 8.15

Rate of Energy Charges from Coal Ex-bus

Paise/Kwh 208.93 219.38 230.35 241.87 253.96

Rate of Energy Charges Ex-bus per Kwh

Paise/Kwh 215.64 226.42 237.74 249.63 262.11




Table 7.8.11


Particulars

FY 10 FY 11

As approved by the


As determined


Diff. (if any)

As approved by the


As determined


Diff. (if

any)

Interest on Loan 114.12 112.75 -1.37 108.67 108.33 -0.34

Depreciation 67.20 67.19 -0.01 67.20 67.19 -0.01

A A D 36.82 36.81 -0.01 58.04 58.03 -0.01

Return on Equity 56.58 56.58 0.00 56.58 56.58 0.00

O & M Expenses 76.44 76.44 0.00 80.81 80.81 0.00

Com. Allowance 0.00 0.00 0.00 0.00 0.00 0.00

I W C 30.55 31.15 0.60 32.15 32.81 0.66

Fixed Cost (Rs. in Crs.) 381.71 380.92 -0.79 403.45 403.74 0.29




Total Cost (Rs. in Crs.) 959.19 958.40 -0.79 1009.81 1010.09 0.28



of 96

Particulars

FY 12 FY 13

As approved by


As determined


Diff. (if any)

As approved by the


As determined


Diff. (if any)

Interest on Loan 100.30 96.98 -3.32 92.01 85.64 -6.37

Depreciation 67.20 67.19 -0.01 67.20 67.19 -0.01

A A D 58.04 58.03 -0.01 58.04 58.03 -0.01

Return on Equity 56.58 56.58 0.00 56.58 56.58 0.00

O & M Expenses 85.43 85.43 0.00 90.34 90.34 0.00

Com. Allowance 0.00 0.00 0.00 0.00 0.00 0.00

I W C 33.32 33.94 0.62 34.56 35.15 0.59







Total Cost per Unit (In Paise) 387 386 -1 399 396 -2

Particulars

FY 14

As approved by


As determined


Diff. (if any)



A A D 58.04 58.03 -0.01


O & M Expenses 95.51 95.51 0.00


I W C 35.84 36.43 0.59








of 96

Section - 9

Multi Year Tariff

for

Harduaganj Extension


for

FY 2009-10 to 2013-14

of 96

7.9.1 ARR and MYT as determined by the Commission vide order dated January 20, 2011

Table 7.9.1

Harduaganj Extension Thermal Power Station

2010-11 2011-12 2012-13 2013-14

Energy Sent out (MU) 3388 3388 3388 3388

Fixed Charges (Rs./Unit) 1.57 1.57 1.71 1.68

Variable Charges (Rs./Unit) 2.06 2.16 2.27 2.39

Total Charges (Rs./Unit) 3.63 3.74 3.98 4.07

ARR (Rs. in Cr.) 1229.39 1265.77 1348.28 1378.30




Table 7.9.2



Interest on Loans 10.5% As per financial arrangements with PFC







Table 7.9.3 Calculation of GFA & NFA including financing

Harduaganj Extn.

Thermal Power Station 2010-11 2011-12 2012-13 2013-14

Op. GFA 0.00 2605.00 2605.00 2605.00

of 96

Harduaganj Extn. Thermal Power Station

2010-11 2011-12 2012-13 2013-14

Additions 2605.00 0.00 0.00 0.00

Cl. GFA 2605.00 2605.00 2605.00 2605.00

Cl. Net FA 2511.10 2417.20 2264.77 2112.34

Financing:

Op. Equity 0.00 781.50 781.50 781.50

Additions 781.50 0.00 0.00 0.00

Cl. Equity 781.50 781.50 781.50 781.50

Op. Accu Dep. 0.00 93.90 187.80 340.23

Dep. During the year 93.90 93.90 93.90 93.90

Advance Against Depreciation 0.00 0.00 58.53 58.53

Cl. Accu. Dep. 93.90 187.80 340.23 492.66

Op. Debts 0.00 1729.60 1635.70 1483.27

Additions 1823.50 0.00 0.00 0.00

Less: Dep. 93.90 93.90 152.43 152.43

Cl. Debts 1729.60 1635.70 1483.27 1330.84

(d) RoE, Depreciation and Interest on Loans

Table 7.9.4

Details of RoE, Depreciation, A.A.D., Interest on Loans, O&M and Com. Allowance

Sl.No. Particular 2010-11 2011-12 2012-13 2013-14

1 Return on Equity 0.00 121.13 121.13 121.13

2 Depreciation 0.00 93.90 93.90 93.90

3 A A D 0.00 0.00 0.00 58.53

4 Interest on Debts 0.00 176.04 176.68 163.75

5 O & M Expenses 0.00 96.20 101.70 107.55

6 Com. Allowance 0.00 0.00 0.00 0.00

Total: 0.00 487.27 493.41 544.86

Table 7.9.4 (a)


Particulars 2010-11 2011-12 2012-13 2013-14

1/10 of Loans 182.35 182.35 182.35 182.35

Repayments of Loans 32.47 152.43 152.43 152.43

Minimum of the above 32.47 152.43 152.43 152.43

Less: Dep. during the year 93.90 93.90 93.90 93.90

(A) 0.00 58.53 58.53 58.53

of 96

Cumul. Repayment of Loans 32.47 184.90 337.33 489.75

Less: Cumul. Depreciation 93.90 187.80 281.70 375.60

(B) 0.00 -2.90 55.63 114.15

Advance agnst. Dep. (Min. of A & B) 0.00 0.00 58.53 58.53


Table 7.9.5

Annual Receivables of Harduaganj Extension Thermal Power station required for calculation of Working Capital:

Particulars 2010-11 2011-12 2012-13 2013-14

Annual Capacity [Fixed] Charges 487.27 493.41 544.86 535.00

Cost of Fuel 698.14 733.05 769.70 808.19

Interest on Working Capital 39.09 40.69 43.31 44.72

Total Receivables 1224.50 1267.15 1357.87 1387.91

Table 7.9.6


Sl.No. Particulars 2010-11 2011-12 2012-13 2013-14

1 Cost of Coal for 1 and ½ month* 0.00 85.86 90.16 94.66

2 Cost of Secondary Fuel Oil for 2 months* 0.00 1.87 1.97 2.06

3 Operation & Maintenance for 1 month 0.00 8.02 8.48 8.96

4 Maintenance Spares @20% O & M Exp. 0.00 19.24 20.34 21.51

5

Receivables equivalent to 2 months of fixed charges for sale of electricity 0.00 204.08 211.19 226.31

6 Total Working Capital 0.00 319.08 332.13 353.51

7 Rate of Interest 0.00 12.25 12.25 12.25

8 Interest on Working Capital 0.00 39.09 40.69 43.31 * The cost of fuel has been taken from Table 7.9.10

Table 7.9.7


Particulars 2010-11 2011-12 2012-13 2013-14

Working Capital 339.91 363.51 384.18 396.24

Rate of Interest 12.25% 12.25% 12.25% 12.25%

I W C 41.64 44.53 47.06 48.54

of 96


Table 7.9.8


Particulars

FY 11 FY 12

As approved by the Commission


As determined


Diff.(if any)

As approved by


As determined


Diff.(if any)

Interest on Loan 181.61 176.04 -5.57 171.23 176.68 5.45

Depreciation 93.90 93.90 0.00 93.90 93.90 0.00


0.00 0.00 0.00 4.91 0.00 0.00

Return on Equity 121.13 121.13 0.00 121.13 121.13 0.00

O & M Expenses 96.21 96.20 -0.01 101.71 101.70 -0.01


0.00 0.00 0.00 0.00 0.00 0.00


38.40 39.09 0.69 39.84 40.69 0.85

Total : 531.25 526.36 -4.89 532.72 534.10 6.29


3388.00 3388.00 0.00 3388.00 3388.00 0.00

Cost per Unit 1.57 1.55 -0.01 1.57 1.58 0.00

Particulars

FY 13 FY 14


dt: 20.01.11

As determined


Diff.(if any) As approved by


As determined


Diff.(if any)

Interest on Loan 155.23 163.75 8.52 139.22 147.74 8.52

Depreciation 93.90 93.90 0.00 93.90 93.90 0.00


58.52 58.53 0.00 58.52 58.53 0.00

Return on Equity 121.13 121.13 0.00 121.13 121.13 0.00

O & M Expenses 107.55 107.55 0.00 113.70 113.70 0.00


0.00 0.00 0.00 0.00 0.00 0.00


42.25 43.31 1.06 43.64 44.72 1.08

Total : 578.58 588.16 9.57 570.11 579.73 9.61


3388.00 3388.00 0.00 3388.00 3388.00 0.00

Cost per Unit 1.71 1.74 0.03 1.68 1.71 0.03

of 96



Table 7.9.9

Weighted Average Cost and Gross Calorific Value of Coal and Oil for F.Y. 2009-10

Month

Weighted Average of

Landed Cost of Oil

Weighted Average of


Weighted Average of

Landed Cost of Coal

Weighted Average of



April' 2009 19143.22 10048.00 2579.95 3560.00

May' 2009 19143.22 10048.00 2633.71 3722.00

June’ 2009 19143.22 10048.00 2559.62 3971.00

July’ 2009 25777.13 10048.00 2579.27 4216.00

Aug’ 2009 27603.32 10067.00 2484.81 3928.00

Sept’ 2009 27603.32 10067.00 2491.43 3910.00

Oct’ 2009 35474.12 10067.00 2657.58 3852.00

Nov’ 2009 35474.12 10067.00 2731.65 3979.00

Dec’ 2009 35474.12 10067.00 3103.69 3868.00

Jan’ 2010 35474.12 10067.00 3117.03 3796.00

Feb’ 2010 35474.12 10067.00 2941.20 3962.00

Mar’ 2010 29061.19 10067.00 3144.49 4033.00

Total: 344845.22 120728.00 33024.43 46797.00 Monthly

Weighted Avg. 28737.10 10060.67 2752.04 3899.75


Table 7.9.10

Variable charge per unit of generation for Harduaganj Extension Thermal Power Station


Capacity MW 0 500 500 500 500








Specific Oil ml/Kwh 0 1 1 1 1

of 96


Consumption


Price of Oil Rs./KL 28737 30174 31683 33267 34930


















Table 7.9.11


Particulars

FY 11 FY 12



As determined


Diff.(if any)

As approved by


As determined


Diff.(if any)

Interest on Loan 181.61 176.04 -5.57 171.23 176.68 5.45

Depreciation 93.90 93.90 0.00 93.90 93.90 0.00

A A D 0.00 0.00 0.00 4.91 0.00 -4.91

Return on Equity 121.13 121.13 0.00 121.13 121.13 0.00

O & M Expenses 96.20 96.20 0.00 101.70 101.70 0.00

of 96

Particulars

FY 11 FY 12



As determined


Diff.(if any)

As approved by


As determined


Diff.(if any)

Com. Allowance 0.00 0.00 0.00 0.00 0.00 0.00

I W C 38.40 39.09 0.69 39.84 40.69 0.85


F. C. per Unit (In Paise) 157 155 -1 157 158 0





3388.00 3388.00 0.00 3388.00 3388.00 0.00


363 361 -1 374 374 0

Particulars

FY 13 FY 14

As approved by


As determined


Diff.(if any)

As approved by


As determined


Diff.(if any)

Interest on Loan 155.23 163.75 8.52 139.22 147.74 8.52

Depreciation 93.90 93.90 0.00 93.90 93.90 0.00

A A D 58.52 58.53 0.01 58.52 58.53 0.01

Return on Equity 121.13 121.13 0.00 121.13 121.13 0.00

O & M Expenses 107.55 107.55 0.00 113.70 113.70 0.00

Com. Allowance 0.00 0.00 0.00 0.00 0.00 0.00

I W C 42.25 43.31 1.06 43.64 44.72 1.08

Fixed Cost (Rs. in Crs.) 578.58 588.16 9.58 570.11 579.73 9.62 F. C. per Unit (In Paise) 171 174 3 168 171 3

V. C. on Fuel (Rs. in Crs.) 769.70 769.70 0.00 808.19 808.19 0.00 V. C. per Unit (In paise) 227 227 0 239 239 0 Total Cost (Rs. in Crs.) 1348.28 1357.87 9.59 1378.30 1387.91 9.61


3388.00 3388.00 0.00 3388.00 3388.00 0.00


398 401 3 407 410 3

of 96

Section - 10

Multi Year Tariff

for

Parichha Extension Stage - II


for

FY 2009-10 to 2013-14

of 96


Table 7.10.1

Parichha Extension Stage- II 2010-11 2011-12 2012-13 2013-14

Energy Sent out (MU) 3388 3388 3388 3388

Fixed Charges (Rs./Unit) 1.46 1.57 1.58 1.56

Variable Charges (Rs./Unit) 2.24 2.35 2.47 2.59

Total Charges (Rs./Unit) 3.70 3.92 4.05 4.15

ARR (Rs. in Cr.) 1253.12 1329.22 1371.23 1406.24



(a) Provisions under regulations:

Table 7.10.2





Compensation Allowance Rs. 0.65 lacs /MW

As per the Regulations

Advance Against Depreciation Zero As per the Regulations



Table 7.10.3


PARICHHA EXTENSION STAGE-II THERMAL POWER STATION

2010-11 2011-12 2012-13 2013-14

Op. GFA 0.00 2356.00 2356.00 2356.00

of 96

PARICHHA EXTENSION STAGE-II THERMAL POWER STATION

2010-11 2011-12 2012-13 2013-14

Additions 2356.00 0.00 0.00 0.00

Cl. GFA 2356.00 2356.00 2356.00 2356.00

Cl. Net FA 2285.23 2156.39 2018.35 1880.31

Financing:

Op. Equity 0.00 706.72 706.72 706.72

Additions 706.72 0.00 0.00 0.00

Cl. Equity 706.72 706.72 706.72 706.72

Op. Accu Dep. 0.00 84.91 213.75 351.79

Dep. During the year 84.91 84.91 84.91 84.91

A. A. D. 0.00 43.93 53.13 53.13

Cl. Accu. Dep. 84.91 213.75 351.79 489.83

Op. Debts 0.00 1564.37 1435.53 1297.49

Additions 1649.28 0.00 0.00 0.00

Less: Dep. 84.91 128.84 138.04 138.04

Cl. Debts 1564.37 1435.53 1297.49 1159.45

(c) RoE, Depreciation and Interest on Loans

Table 7.10.4

Details of RoE, Depreciation, A.A.D., Interest on Loans, O & M and Com. Allowance

Sl.No. Particular 2010-11 2011-12 2012-13 2013-14

1 Return on Equity 109.54 109.54 109.54 109.54

2 Depreciation 84.91 84.91 84.91 84.91

3 A A D 0.00 43.93 53.13 53.13

4 Interest on Debts 150.43 157.49 143.48 128.99

5 O & M Expenses 96.20 101.70 107.55 113.70

6 Com. Allowance 0.00 0.00 0.00 0.00

Total: 441.08 497.58 498.61 490.27

Table 7.10.4 (a)


Particulars 2010-11 2011-12 2012-13 2013-14

1/10 of Loans 164.90 164.90 164.90 164.90

Repayments of Loans 61.57 138.04 138.04 138.04

Minimum of the above 61.57 138.04 138.04 138.04

Less: Dep. during the year 84.91 84.91 84.91 84.91

(A) 0.00 53.13 53.13 53.13

of 96

Particulars 2010-11 2011-12 2012-13 2013-14

Cumul. Repayment of Loans 61.57 199.61 337.65 475.69

Less: Cumul. Depreciation 70.77 155.68 240.59 325.50

(B) 0.00 43.93 97.06 150.19

Advance agnst. Dep. (Min. of A & B) 0.00 43.93 53.13 53.13


Table 7.10.5

Annual Receivables of Parichha Extension Stage-II Power Station required for calculation of Working Capital:

Particulars 2010-11 2011-12 2012-13 2013-14

Annual Capacity [Fixed] Charges 441.08 497.58 498.61 490.27

Cost of Fuel 758.43 796.35 836.17 877.98

Interest on Working Capital 40.33 43.09 44.77 46.34

Total Receivables 1239.84 1337.02 1379.55 1414.59

Table 7.10.6


Sl.No. Particulars 2010-11 2011-12 2012-13 2013-14

1 Cost of Coal for 1 and ½ month* 93.31 97.98 102.88 108.02

2 Cost of Secondary Fuel Oil for 2 months* 1.99 2.09 2.19 2.30

3 Operation & Maintenance for 1 month 8.02 8.48 8.96 9.48

4 Maintenance Spares @20% O & M Exp. 19.24 20.34 21.51 22.74

5

Receivables equivalent to 2 months of fixed charges for sale of electricity 206.64 222.84 229.93 235.76

6 Total Working Capital 329.20 351.72 365.47 378.30

7 Rate of Interest 12.25 12.25 12.25 12.25

8 Interest on Working Capital 40.33 43.09 44.77 46.34 * The cost of fuel has been taken from Table 7.10.10

Table 7.10.7

IWC duing the Contrrol Period as claimed by UPRVUNL:

Particulars 2010-11 2011-12 2012-13 2013-14

Working Capital 323.36 351.17 364.15 376.32

Rate of Interest 12.25% 12.25% 12.25% 12.25%

I W C 39.61 43.02 44.61 46.10

of 96


Table 7.10.8


Particulars

FY 11 FY 12



As determined




As determined


Diff.(if any)

Interest on Loan 164.26 150.43 -13.83 150.73 157.49 6.76

Depreciation 84.90 84.91 0.01 84.90 84.91 0.01


0.00 0.00 0.00 43.93 43.93 0.00

Return on Equity 109.54 109.54 0.00 109.54 109.54 0.00

O & M Expenses 96.20 96.20 0.00 101.70 101.70 0.00


0.00 0.00 0.00 0.00 0.00 0.00


39.79 40.33 0.54 42.07 43.09 1.02

Total : 494.69 481.41 -13.28 532.87 540.66 7.79


3388.00 3388.00 0.00 3388.00 3388.00 0.00

Cost per Unit 1.46 1.42 -0.04 1.57 1.60 0.02

Particulars

FY 13 FY 14


dt: 20.01.11

As determined




As determined


Diff.(if any)

Interest on Loan 136.24 143.48 7.24 121.75 128.99 7.24

Depreciation 84.90 84.91 0.01 84.90 84.91 0.01


53.12 53.13 0.00 53.12 53.13 0.00

Return on Equity 109.54 109.54 0.00 109.54 109.54 0.00

O & M Expenses 107.55 107.55 0.00 113.70 113.70 0.00


0.00 0.00 0.00 0.00 0.00 0.00


43.71 44.77 1.06 45.25 46.34 1.09

Total : 535.06 543.38 8.32 528.26 536.61 8.34


3388.00 3388.00 0.00 3388.00 3388.00 0.00

Cost per Unit 1.58 1.60 0.02 1.56 1.58 0.02

of 96




for F.Y. 2009-10

Month

Weighted Average of

Landed Cost of Oil

Weighted Average of Gross Calorific value of

Oil

Weighted Average of

Landed Cost of Coal

Weighted Average of



April' 2009 23418.33 9966.08 2470.29 3582.45

May' 2009 22434.31 9940.28 2740.00 3955.89

June’ 2009 28700.35 9986.01 2703.42 3372.93

July’ 2009 33267.20 9871.09 2818.36 3406.07

Aug’ 2009 28620.58 9976.59 3119.19 3411.67

Sept’ 2009 30502.66 9934.13 3096.42 3550.22

Oct’ 2009 33450.87 9917.02 3493.16 3481.06

Nov’ 2009 30615.64 9932.20 2446.14 3493.79

Dec’ 2009 31075.39 9874.74 2415.49 3482.65

Jan’ 2010 31430.44 9966.98 2490.28 3441.39

Feb’ 2010 36331.65 9854.61 2450.82 3385.01

Mar’ 2010 36331.65 9854.61 1984.61 3476.70

Total: 366179.07 119074.34 32228.18 42039.83 Monthly

Weighted Avg. 30514.92 9922.86 2685.68 3503.32


Table 7.10.10

Variable charge per unit of generation for Parichha Extension Stage-II Power Station


Capacity MW 0 500 500 500 500










of 96


Price of Oil Rs./KL 30515 32041 33643 35325 37091



















Particulars

FY 11 FY 12



As determined


Diff.(if any)

As approved by


As determined


Diff.(if any)

Interest on Loan 164.26 150.43 -13.83 150.73 157.49 6.76

Depreciation 84.90 84.91 0.01 84.90 84.91 0.01

A A D 0.00 0.00 0.00 43.93 43.93 0.00

Return on Equity 109.54 109.54 0.00 109.54 109.54 0.00

O & M Expenses 96.20 96.20 0.00 101.71 101.70 -0.01

Com. Allowance 0.00 0.00 0.00 0.00 0.00 0.00

I W C 39.79 40.33 0.54 42.07 43.09 1.02


F. C. per Unit (In Paise) 146 142 -4 157 160 2


758.43 758.43 0.00 796.35 796.35 0.00


of 96



3388.00 3388.00 0.00 3388.00 3388.00 0.00


370 366 -4 392 395 2

Particulars

FY 13 FY 14

As approved by


As determined


Diff.(if any)

As approved by


As determined


Diff.(if any)

Interest on Loan 136.24 143.48 7.24 121.75 128.99 7.24

Depreciation 84.90 84.91 0.01 84.90 84.91 0.01

A A D 53.12 53.13 0.01 53.12 53.13 0.01

Return on Equity 109.54 109.54 0.00 109.54 109.54 0.00

O & M Expenses 107.55 107.55 0.00 113.70 113.70 0.00

Com. Allowance 0.00 0.00 0.00 0.00 0.00 0.00

I W C 43.71 44.77 1.06 45.25 46.34 1.09

Fixed Cost (Rs. in Crs.) 535.06 543.38 8.32 528.26 536.61 8.35 F. C. per Unit (In Paise) 158 160 2 156 158 2


836.17 836.17 0.00 877.98 877.98 0.00




3388.00 3388.00 0.00 3388.00 3388.00 0.00


2 415 418 2

8. Other provisions shall remain as approved by the Commission vide MYT order

dated January 20, 2011.

9. This order shall come into effect from 1.4.2009 and shall remain effective till

31.03.2014 for the Multi Year Tariff period of F.Y. 2009-10 to 2013-14. UPRVUNL

is entitled to raise the bills as per the tariff order under provisions of UPERC

(Terms & Conditions of Generation Tariff) Regulation, 2009.

(Meenakshi Singh) (Shree Ram) (Rajesh Awasthi)

Member Member Chairman Place : Lucknow Dated: 20.03.2012

Petition Nos. 742 of 2011 BEFORE THE UTTAR PRADESH … · 2015-06-03 · Page 1 of 96 Petition Nos....

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