central electricity r egulato ry commissioncercind.gov.in/2013/orders/so97tt.pdf · 31.3.2013 r has...

Order i

In th

Appr(ConComdeteroperin NoperioAnd In thPow

1. R2. A3. J4. J5. H6. P7. H8. P9. U10. D11. B12. B13. N14. C15. U16. N17. N

n Petition No. 97

he matter o

roval undernduct of Bu

mmission (Trmination oation to 31orthern Re

od

he matter ower Grid Co

Vs

Rajasthan RAjmer VidyuJaipur VidyuJodhpur VidHimachal PPunjab StatHaryana PoPower DeveUttar PradeDelhi TransBSES YamBSES RajdNorth DelhiChandigarhUttarakhanNorth CentNew Delhi

CENTR

7/TT/2012

of:

r Regulatiousiness) ReTerms anof transmis.3.2014 for

egion for Sa

of: orporation o

Rajya Vidyuut Vitran Niut Vitran Nidyut Vitran

Pradesh State Electricitower Purchelopment D

esh Power Csco Ltd., Ne

muna Powerdhani Powei Power Ltdh Administrd Power Coral RailwayMunicipal C

RAL ELEC

Petition N

Coram:

Shri V. S.Shri M. D

Date of HDate of O

n 86 of Ceegulations d Conditiossion tariff assets (pa

asan and

of India Lim

ut Prasarangam Ltd., Jigam Ltd., JNigam Ltd.

ate Electriciy Board, Paase Centre

Deptt., GovtCorporationew Delhi r Ltd., Delh

er Ltd., Newd., New Delration, Chanorporation

y, AllahabadCouncil, Ne

CTRICITY RNEW

No. 97/TT/2

. Verma, Meena Daya

earing: 0Order : 0

entral Elect1999, and ons of Ta

of elemenart) under SMundra UM

mited, Gurga

n Nigam LtdJaipur Jaipur ., Jaipur ty Board, Satiala

e, Panchkult. of Jammun Ltd., Luck

i w Delhi

hi ndigarh Ltd., Dehrad ew Delhi

REGULATOW DELHI

2012

ember alan, Memb

4.07.201306.08.2013

tricity ReguCentral Ele

ariff) Regunts from d

System StreMPPs for t

aon

d., Jaipur

Shimla

a u & Kashmiknow

adun

ORY COMM

ber

ulatory Comectricity Reulations 20date of comengthening ariff block

…

r, Jammu

.…R

MISSION

Pag

mmission egulatory 009, for mmercial Scheme 2009-14

……Petition

Responden

ge 1 of 44

er

nts

Order i

The

(PGC

unde

Mund

Cent

Regu

2.

was

for S

inclu

3.

cons

n Petition No. 97

following w

1. Shri S. 2. Shri Pr3. Shri M.4. Shri J. 5. Shri Pa6. T.P.S. 7. Shri R.

This petit

CIL) for det

er System

dra UMPPs

tral Electric

ulations 200

The inve

accorded b

Sasan & Mu

ding IDC of

The sco

struction of f

7/TT/2012

were prese

S. Raju, Prashant Sha.M. MondalMazumder

adamjit SingBawa, PSP B. Sharma

tion has b

termination

Strengthen

s” (hereinaf

city Regula

09 (hereina

estment app

by the Boar

undra, date

f `5770 lak

ope of wo

following tr

ent:-

GCIL arma, PGC, PGCIL

r, PGCIL gh, PSPCLPCL a, Advocate

O

been filed

n of transm

ning Schem

fter referred

tory Comm

after referre

proval for th

rd of Direct

d 10.12.20

kh (based o

ork covere

ransmission

IL

L

e, BRPL

RDER

by Powerg

ission tariff

me in Nort

d to as “tra

mission (Te

ed to as "the

he "Sasan

tors of the p

09 at an es

on 2nd Qua

d under t

n lines and

grid Corpor

f of elemen

thern Regi

ansmission

erms and C

e 2009 Tari

and Mundr

petitioner v

stimated co

rter, 2009 p

the project

Sub-station

ration of I

nts for asse

ion for Sas

assets”), b

Conditions o

iff Regulatio

ra UMPPs”

vide C/CP/S

ost of `1216

price level).

t broadly

ns:-

Pag

ndia Ltd

ets (part)

san and

based on

of Tariff)

ons).

scheme

SS in NR

683 lakh

.

includes

ge 2 of 44

Order i

Sw

n Petition No. 97

Transmiss i) Agra-S

ii) Sikar-J

iii) Sikar-

iv) LI

(T

v) LI

D/

Sub Statio i) 2x315

ii) 2x315

iii) 765/40

iv) 400/22

v) 400/22

Reactiv

T

i) Agra-Si

ii) LILO ofAbdulla

NapD/CPanline

witchable Bui) Sikar ii) Ratanaiii) Panchk

7/TT/2012

sion Lines

Sikar 400 k

Jaipur 400

Ratangarh

LO of both

Triple Snow

LO of both

/C line at S

ons

5 MVA,400/2

5 MVA,400/2

00 kV Agra

20 kV Rata

20 kV Jaipu

ve Compen

Transmissio

ikar 400 kV

f both circuitapur 400kV Dptha Jhakri-

C line nchkula-Abd

us Reactor grh

kula

s

kV D/C (Qua

kV D/C Lin

(RVPN) 40

h circuits o

wbird) line at

circuits of

ikar (POWE

220 kV Sik

220 kV Pan

Sub-statio

ngarh (RVP

r Sub-statio

nsation

on Line

D/C (Quad)

ts of NathpaD/C at Panch-Panchkula

ullapur 400

(MVAR) 80 125 125

ad) Line-32

ne-157 Kms

00 kV D/C L

of Nathpa J

t Panchkula

Sikar (RVP

ERGRID)-5

ar Sub-stat

nchkula Su

on (Extensio

PN) Sub-sta

on (Extensi

Line.

a Jhakri- hkula 400 kV

kV D/C

20 kms

s

Line-90 Km

Jhakri-Abdu

a-2*25 Kms

PN)-Ratnag

5.4 Kms

tion (New)

b-station (N

on)

ation (Exte

ion)

Line re

From end 50

- -

s

ullapur 400

s

arh (RVPN

New)

nsion)

eactors (MV

To e 50

(switcha

50 (sw 50 (existin

to be

Pag

kV D/C

N) 220 kV

VAR)

end 0 able)

0 witchable) 0 ng reactor

retained)

ge 3 of 44

Order i

4.

as be

5.

abov

n Petition No. 97

As per th

elow:-

Sl. No.

As

1 As2 As

3 As

4 As

5 As

6 As

7 As

8 As

9 As

10 As

11 As

Accordin

ve mentione

Sl. No. 1 2 3

7/TT/2012

he original

ssets Na

sset-A 315sset-B LIL

RaSik

sset-C LILRaSik

sset-D 315

sset-E LIL220

sset-F LIL220

sset-G 315

sset-H 315

sset-I 125Pa

sset-J 400

sset K 400

ngly, the p

ed assets a

Asset Asset-1Asset-2Asset-3

Petition th

ame of the

5 MVA ICT LO of atnagarh(RVkar(PG) LO of atnagarh(RVkar(PG) 5 MVA ICT

LO of Ckt I0 kV D/C lin

LO of Ckt I0 kV D/C lin5 MVA ICT

5 MVA ICT

5 MVAR anchkula 0 kV D/C Qu

0 kV D/C tw

etitioner p

as below:-

Name1 Asset2 Asset3 Asset

e assets s

Asset

I at Sikar Ckt I

VPN) 220 kV

Ckt II VPN) 220 kV

II at Sikar

I of Jhakri e at PanchkI of Jhakri e at PanchkI at Panchku

II at Panchk

Bus Re

uad Agra Sik

win Sikar Jaip

rayed for

e of the Ass-A & Asset-B-C to Asset--J & Asset-K

ubmitted b

of Sikar D/C line at

of Sikar D/C line at

Abdullapur kula(PG)

Abdullapur kula (PG) ula

ula

eactor at

kar TL

pur TL

determinat

set DOCOB 1.2.20-I 1.3.20K 1.9.20

y the petiti

DOCO

1.2.2012 (1.2.2012 (

1.3.2012 (anticipate



1.3.2012 (anticipate1.3.2012 (anticipate1.3.2012 (anticipate1.3.2012 (anticipate1.9.2012 (anticipate1.9.2012 (anticipate

ion of tarif

O 012 (actual) 012 (anticipa012 (anticipa

Pag

oner are

(actual) (actual)

ed)

ed)

ed)

ed)

ed)

ed)

ed)

ed)

ed)

ff of the

ated) ated)

ge 4 of 44

Order i

6.

subm

oper

7. T

B, s

expe

the p

31.3

petiti

actua

31.12

comm

1.2.2

Asse

comm

10.7

n Petition No. 97

Subsequ

mitted, that

ation:-

Sl. No.

A

1 A

2. A3. A

4. A

5. A6. A7. A

The Audito

submitted

enditure up

projects an

.2013 are

ioner. Ther

al expendi

2.2011, es

mercial op

2012 (date

et-C to Ass

mercial ope

.2012 and

7/TT/2012

uently, vide

the follow

Assets N

Asset-C L(R(P

Asset-D 3Asset-E L

2Asset-F L

2Asset-G 3Asset-H 3Asset-I 1

P

r's certificat

by the pe

to 31.12.20

nd the estim

on the bas

refore, thi

iture incurr

stimated e

peration) a

of comme

set-I are ba

eration, wh

29.5.2012

e affidavit

wing assets

Name of the

ILO of Ckt RVPN) 220 PG) 15 MVA ICTILO of Ckt 20 kV D/C liILO of Ckt 20 kV D/C li15 MVA ICT15 MVA ICT25 MVAR

Panchkula

te dated 10

etitioner al

011 has be

mated expe

sis of detai

s petition

red in res

expenditure

and projec

ercial opera

ased on ac

hich are ce

submitted

t dated 4

have also

Asset

II of Sikar kV D/C lin

T II at SikarI of Jhakri

ine at PanchII of Jhakri ine at PancT I at PanchkT II at PanchR Bus R

0.2.2012 in

long with

en verified

enditure fro

ils furnishe

covers det

spect of A

from 1.1

cted expen

ation) to 3

ctual expen

rtified by th

along with

4.8.2012, t

o been put

Ratnagarh ne at Sikar

Abdullapur hkula(PG) Abdullapur hkula (PG)kula

hkula Reactor at

respect of

the petitio

from the bo

om the per

ed by the m

termination

Asset-A an

.2012 to

nditure to

1.3.2013. T

nditure incu

he Auditor's

affidavit d

the petitio

t under com

DOCO

1.5.2012 (

1.4.2012 (

1.3.2012 (

1.3.2012 (

1.3.2012 (1.3.2012 (1.3.2012 (

Asset-A an

on show

ooks of acc

riod of 1.1

managemen

of tariff b

nd Asset-B

1.2.2012

be incurre

Tariff in re

urred up to

s certificate

ated 4.8.20

Pag

ner has

mmercial

actual)

actual) actual)

actual)

actual) actual) actual)

nd Asset-

that the

counts of

.2012 to

nt of the

ased on

B, up to

(date of

ed from

espect of

o date of

es dated

012, and

ge 5 of 44

Order i

proje

comm

hear

are a

400

Jaipu

23.4

comm

comm

petiti

and A

8.

subs

calcu

9.

by th

adjus

n Petition No. 97

ected addi

mercial ope

ing on 18.1

actually co

kV D/C Qu

ur TL) hav

.2013, the

missioned

missioned

ioner would

Asset-K at

Accordin

sequent af

ulated in the

Sl. A

1. Co2. As3. As4. Co

Provisiona

he Commi

stment as p

7/TT/2012

tional cap

eration to

10.2012, th

mmissione

uad Agra S

ve changed

petitioner h

and pray

assets fro

d approach

appropriate

ngly, as per

ffidavits da

e following

ssets

ombined Asssset-C sset-D ombined Ass

al tariff in re

ssion vide

per Regulat

pital expen

31.3.2012/

he petitione

d, whereas

Sikar TL) a

d to 1.1.20

has submitt

yed that t

om Asset-

h the Comm

e time.

r submissio

ated 4.8.2

manner:-

sets of Asse

sets of Asse

espect of the

its order

tion 5 (4) of

nditure to

/ 31.3.2013

er has subm

s date of c

and Asset-K

013. Subse

ted that As

the tariff

A to Asse

mission for

n of the pe

2012 and

t-A and Ass

t-E to Asset

e above me

dated 29.

f the 2009 T

be incurr

3 and for 2

mitted that

commission

K (i.e. 400

equently, v

sset-J and A

may be

et-I and s

r approval

etitioner in m

23.4.2013

DOCDOC

et-B 1.2.21.5.21.4.2

-I 1.3.2

entioned as

3.2012. Th

Tariff Regu

red from

013-14. Du

Asset-A to

ning of Ass

kV D/C tw

vide affidav

Asset-K are

approved

submitted

of tariff for

main petitio

, tariff ha

CO/NotionalCO 2012 2012 2012 2012

ssets was a

his was su

lations.

Pag

date of

uring the

o Asset-I

set-J (i.e.

win Sikar

vit dated

e not yet

for the

that the

r Asset-J

on and in

as been

l

approved

ubject to

ge 6 of 44

Order i

10.

unde

n Petition No. 97

Details of

er:-

DeInReIncaO

DepInteRetuIntecapO &

7/TT/2012

f the trans

Particular

epreciation terest on loaeturn on equterest on wo

apital & M expens

Total

Particul

DepreciInterest Return oInterest capital O & M eTotal

ParticDepreciatioInterest onReturn on Interest oncapital O & M exp

To

CoParticular

preciation rest on loanurn on equityrest on workital

& M expenseTotal

mission ch

Combinedrs 20

(Pr

an uity orking

ses

Aslars

ation on loan

on equity on working

expenses

Asculars on

n loan equity

n working

penses otal

ombined Ass 2

(P

y king

s

harges claim

d Asset- A &011-12 ro-rata)

20

18.079.39

19.272.72

37.2486.69

sset-C 2012-13 (Pro-rata)

37.017.039.9

6.6

80.3180.9

sset-D 2012-13

112.58.

121.16.

184.493.

sset- E, F, G2011-12 Pro-rata)

52.9220.7260.82

6.24

74.12214.82

med by the

(` in

(` in lakh)

(` in la

(` in

& B 012-13 20

146.04 174.71

159.50 118.92

236.21 2635.38 7

)2013-14

06 46.5608 20.3790 51.0760 7.83

31 92.6295 218.95

3 2013-.27 130.80 64.00 143.93 18

.82 195

.82 552

G, H & I 2012-13 2

710.52266.76812.42

80.82

940.222810.74

e petitione

lakh)

)

akh)

n lakh)

013-14

173.22 83.96

192.41 20.95

249.72 720.26

4

6773

25

14 0.624.793.448.59

5.382.82

2013-14

778.98 272.34 890.33

86.43

993.98 3022.06

Pag

r are as

ge 7 of 44

Order i

11.

intere

n Petition No. 97

The deta

est on work

P

MainteO & M Receiv

InteresRate o

MainteO & MRecei

IntereRate o

7/TT/2012

ails submit

king capital

Particulars

enance spareexpenses

vables Total

st of interest

Partic

MaintenancO & M expeReceivables

ToInterest Rate of inte

PartMaintenanO & M expReceivable

TInterest Rate of int

CoParticulars

enance sparM expenses

vables Total

st of interest

tted by the

are as und

Combined2

(Pes

Asculars

ce spares enses s otal

rest

Asticulars nce spares penses es

Total

terest

ombined Ass 2

(Pres

e petitione

der:-

d Asset- A &011-12

Pro-rata) 33.5218.6286.69

138.832.72

11.75%

sset-C 2012-1

(Pro-rat13

73253

613.5

sset- D 2012-1

27.715.482.3

125.415.5

13.50%

sset E, F, G011-12

Pro-rata)133.42

74.12429.64637.18

6.2411.75%

r in suppo

(` in

(` in la

(` in la

(`

& B 2012-13

35.4319.68

105.90161.01

18.9211.75%

3 ta)

2013

.14 1

.30

.90 3

.34 5

.600% 13.

3 2013-172 2940 1630 9242 13752 18% 13.5

G, H & I 2012-13

141.0378.35

468.46687.84

80.8211.75%

ort of its c

n lakh)

akh)

akh)

` in lakh)

2013-14

37.46 20.81

120.04 178.31

20.95 11.75%

-14

3.897.72

36.4158.02

7.8350%

14 .31.28.14.73.590%

2013-14

149.10 82.83

503.68 735.61

86.43 11.75%

Pag

claim for

ge 8 of 44

Order i

12.

publi

of th

Resp

Jodp

Powe

Powe

have

run,

cond

filed

objec

petiti

13.

of th

again

perus

14.

oper

18.10

subm

of co

n Petition No. 97

No comm

ic in respon

he Electric

pondent No

pur Vidyut

er Corpora

er Ltd. (BR

e raised the

initial spar

ditions for d

the rejoind

ctions raise

ioner are de

The matt

he member

n on 4.7.2

sed the ma

PSPCL

ation of th

0.2012 an

mitted that t

ommercial

7/TT/2012

ments or s

nse to the n

ity Act, 20

o.2, Jaipur

Vitran Nig

ation Ltd. (

RPL), Resp

e issue of c

res, petition

declaration

der to the r

ed by the

ealt with in

ter was hea

rs of the C

2013. Havi

aterial on re

and BRPL

e transmis

d vide aff

the petitione

operation

suggestions

notices pub

003. Ajme

Vidyut Vitr

am (Jd.VV

PSPCL), R

ondent No

cost over-ru

n filing fee

of comme

replies filed

responden

relevant pa

ard on 18.1

Commission

ng heard

ecords, we p

L have rai

ssion asset

fidavit 25.1

er did not fu

including

s have bee

blished by t

er Vidyut

ran Nigam

VNL), Resp

Respondent

. 12, have

un in spite

e, licence f

ercial opera

d by AVVNL

nts and th

aragraphs o

10.2012 an

n demitted

the repres

proceed to

ised the is

. During t

10.2012, th

ulfill the con

prior appr

en received

he petitione

Vitran Nig

(JVVNL),

pondent No

t No. 6, an

filed their

of over-est

fee, service

ation, etc.

L, JVVNL a

he clarificat

of this orde

nd order wa

office, the

sentatives o

dispose of

ssue of da

the course

he represe

nditions for

roval of th

d from the

er under se

am Ltd. (A

Responden

o. 4, Punja

nd BSES R

replies, wh

timation, tim

e tax, fulfil

The petitio

and Jd. VV

tions given

r.

as reserved

matter wa

of the par

the petition

ate of com

of the he

entative of

r declaration

he Commis

Pag

general

ection 64

AVVNL),

nt No. 3,

ab State

Rajdhani

here they

me over-

lment of

oner has

VNL. The

n by the

d. As two

as heard

rties and

n.

mmercial

aring on

PSPCL

n of date

ssion as

ge 9 of 44

Order i

spec

petiti

comm

(RVP

part

15.

for S

sepa

oper

being

16.

17.

Regu

obtai

comm

n Petition No. 97

cified in R

ioner has

mercial ope

PN) 400 kV

of the proje

In respo

Sikar-Ratan

arately. He

ation and c

g shared w

Regulatio

"(c) in retransmisstransmissoperation Provided transmissbe accoun Provided for regulanot attribuCommisselement c

As per

ulation 3 o

ined the

mercial ope

7/TT/2012

egulation

not furnish

eration. PS

V D/C line o

ect does no

nse, the re

ngarh (RV

further cla

charging of

ith the resp

on 3 (12) (c

elation to tsion licensesion system :

that the dsion charge fnted for, from

further that ar service buutable to theion may ap

coming into r

the secon

of the 200

prior appr

eration of t

3 (12) (c)

hed the pro

SPCL furthe

of 90 kms. s

ot find ment

epresentativ

PN) 400 k

arified that

the line is a

pondents.

c) of the 20

the transmiee from 00is in regula

ate shall bfor the elemm the date:

in case an ut is prevene transmissipprove the regular serv

nd proviso

09 Tariff R

roval of t

the subject

) of the 2

oper docum

er submitted

shown in le

ion in the m

ve of the p

kV D/C lin

the inform

available in

09 Tariff Re

ission syste000 hour

ar service af

be the first ment shall be

element of tted from proon licenseedate of comice."

to sub-cl

Regulations

he Comm

t transmiss

2009 Tariff

mentation t

d that 400k

etter of inve

main petition

petitioner cl

ne of 90

mation with

n the public

egulations p

em, the daof which a

fter success

day of a ce payable an

the transmisoviding such, its suppliermmercial op

lause (c)

, the petit

ission bef

sion asset.

Regulatio

to indicate

kV Sikar-Ra

estment app

n.

larified that

kms. will

regard to

domain an

provides as

ate declaredan elementful charging

calendar mond its availab

ssion systemh service forrs or contracperation prio

of clause

ioner shou

fore decla

The petitio

Page

ons. The

date of

atnagarh

proval as

t petition

be filed

the trial

nd is also

s under:-

d by the t of the

g and trial

onth and bility shall

m is ready r reasons ctors, the or to the

(12) of

uld have

ring the

oner has

e 10 of 44

Order i

decla

appr

the p

Regu

inclu

provi

affida

18.

relev

test

100%

oper

Regu

succ

19.

satis

the p

appr

regu

it, as

are d

and

n Petition No. 97

ared the co

oval of the

petition to

ulation 3 (

ding a pray

ided under

avit dated 2

The peti

vant tests/c

charged, th

% of its rate

ation from

ulations do

cessful test

In the p

factory, an

petitioner. I

oval of the

lar service,

s provided

directed to

submit the

7/TT/2012

ommercial

e Commissi

include a p

12) (c). Ac

yer seeking

r Regulatio

23.4.2013.

itioner vide

checks are

he transmis

ed capacity,

1st day

oes not de

charging is

resent cas

d we appro

n all future

e Commissi

but is prev

under the s

discuss th

e proposals

operation

on. As suc

prayer for p

ccordingly,

g approval

on 3 (12) (

e affidavit

carried out

ssion eleme

, and hence

of next c

efine trial

s considered

se, the sub

ove the dat

e cases, th

ion whenev

vented from

second pro

e issue of

s to CEA, w

of the ass

ch, the peti

permission

the petitio

of the dat

(c) of the 2

dated 23.4

t before ch

ents are av

e the asset

alendar m

run in ca

d as compl

bmission of

te of comm

e petitione

ver the tran

m doing so

oviso to Reg

trial opera

who shall i

et without

tioner was

under the

ner amend

e of comm

2009 Tariff

4.2013 sub

harging and

vailable for

is declared

month. Sinc

se of tran

etion of tria

f the petitio

mercial oper

r is directe

nsmission s

for reasons

gulation 3 (

tion of tran

in turn sub

obtaining t

directed to

second pr

ded the pe

mercial oper

f Regulatio

bmitted tha

d once suc

r regular se

d under com

ce the 200

nsmission

al run.

oner is co

ration as pr

ed to seek

system is r

s not attribu

(12) (c). Th

nsmission e

bmit a cons

Page

the prior

o amend

roviso to

etition by

ration as

ons, vide

at all the

cessfully

ervice @

mmercial

09 Tariff

element,

nsidered

rayed by

the prior

ready for

utable to

he RPCs

elements

solidated

e 11 of 44

Order i

prop

grant

prece

Capi

20.

Regu

21.

Com

Asse

of es

cove

Asse

CombAssetAssetAssetCombAssetE to ATOTA*Totatotal a

n Petition No. 97

osal for co

ted to the

edent.

ital cost

As regar

ulations pro

“(1) Capit(a) The e

duringforeigequal excesnormaof theof comafter p

The det

mbined Asse

ets of (Asse

stimated ad

ered in the p

ets

bined t -A and B t-C t D bined ts of Asset-Asset-I AL al estimated apportioned

7/TT/2012

onsideration

e petitioner

rds the ca

ovides as u

tal cost for a expenditure g construction exchangeto 70% of t

ss of 30% oative loan, oe actual equimmercial opprudence ch

ails of ap

ets of (Ass

et-E to Asse

dditional ca

petition are

Apportioned/Approved cost

3287.14

933.792353.35

20367.5

26941.79expenditure/approved c

n of the C

r in the in

pital cost,

nder:-

project shaincurred or

on and finan risk variatiothe funds de

of the funds r (ii)being eqity less than

peration of thheck.”

pportioned

set-A & Ass

et-I) as on d

apitalization

given here

d Expenditas on DONotional DOCO

4 19

9 65 18

1 128

9 e of all the acost.

Commission

nstant case

Regulation

ll include: projected t

cing chargeon during coeployed, in deployed, b

qual to the an 30% of thehe project, a

approved

set-B), Ass

date of com

n projected

eunder:-

ture OCO /

2011

934.44 4

664.87820.75

870.98 12

bove assets

n for future

e shall not

n 7 (1) (a)

o be incurres, any gain

onstruction othe event oby treating t

actual amoune fund deploas admitted

cost, the

set-C, Asse

mmercial op

to be incu

-12 2012

04.03 12

- 27- 82

23.05 182

s taken toge

e cases. Th

t be quote

of the 200

ed, includingor loss on a

on the loan –f the actual the excess nt of loan in oyed, - up to

by the Com

admitted

et-D and C

peration an

urred for the

(`2-13 2013

16.01

78.6529.13

28.48 105

ther is well w

Page

his relief

ed as a

09 Tariff

g interest account of – (i) being

equity in equity as the event

o the date mmission,

cost for

ombined

d details

e assets

` in lakh) -14 Total

estimexpe

-

- -

50.00

within the

e 12 of 44

l mated enditure*

3554.48

943.522649.88

16972.51

24120.39

Order i

22.

Notio

been

Ass

Comand Asse

Asse

ComF, G

Time

23.

comm

appr

24.

Sika

com

con

I, w

1.2.

Com

ove

calc

n Petition No. 97

Accordin

onal date o

n considere

sets

mbined AsseB

et-C

et-D

mbined AsseG, H & I

e over-run

As per

missioned

oval), i.e., b

The petit

ar T/L and

mmissioned

trol. The pe

which have

2012 to

mmission fo

r-run in cas

culated.

7/TT/2012

ngly, followi

of commerc

d for the pu

DOCNotiDOC

ets A 1.2

1.5

1.4

ets E, 1.3

n

the investm

within 32

by 1.9.2012

tioner has s

400 kV D

in January

etitioner ha

been com

1.5.2012

or approval

se of Asse

ng capital c

cial operatio

urpose of ta

CO/ onal

CO

CabefIEDon

2.2012

5.2012

4.2012

3.2012

ment appro

months fro

2.

submitted t

D/C (twin)

y, 2014 an

as requeste

mmissioned

and subm

of the tarif

t-A to Asse

cost up to

on of the A

ariff:-

apital cofore adDC/IDC & i DOCO/ Not

oval the p

om 10.12.2

hat the Ass

Sikar- Jaip

nd July, 201

ed to approv

d within the

mitted that

ff for Assets

et-I and acc

date of com

Assets /Com

st considjustment initial spartional DOCO

19

6

18

128

project was

2009 (the d

sets- 400 kV

pur T/L are

14 due to r

ve tariff for

e timeline

they wo

s J & K late

cordingly tr

mmercial o

mbined Ass

(` inidered

of res as O

Appertar

934.44 1.3

664.87 1.3

820.75 1.43

870.98 1.3

s schedule

date of inv

V D/C (qua

e anticipate

reasons be

Asset–A to

progressiv

uld appro

er. There is

ransmission

Page

peration/

ets have

lakh) plicable riod of iff

2.2012 to 31.3.20145.2012 to

31.3.20144.2012 to

31.3.20143.2012 to

31.3.2014

ed to be

vestment

ad) Agra-

ed to be

eyond its

o Asset–

ely from

ach the

s no time

n tariff is

e 13 of 44

Order i

Cos

25.

app

hav

cost

cost

inve

PSP

cost

`10

the

app

ove

Trea

26.

initia

lakh

`27.4

(`210

trans

that

towa

The

n Petition No. 97

st over-run

BRPL an

proval of th

ve submitted

t of `12168

t of the ass

estment of

PCL has fu

t of Sikar-R

8968 lakh,

assets co

portioned a

r-run.

atment of In

The capit

l spares am

for Asset-B

46 lakh fo

0.52 lakh c

smission lin

the claim o

ards initial s

capitalizati

7/TT/2012

n

nd PSPCL h

he project b

d that the i

83 lakh incl

sets is exp

`121683 la

urther subm

Ratangarh

there is co

overed in

pproved co

nitial Spare

tal costs as

mounting to

B) for Com

or Asset-D

correspondi

ne) for Com

of the petit

spares is h

on of the in

have raised

by the Boa

investment

uding IDC

ected to be

akh resultin

mitted that w

line, is com

ost over-ru

the instan

ost of 2694

es

s on the dat

o ` 35.46 la

mbined Ass

correspon

ng to sub-s

mbined Ass

ioner for `8

higher than

nitial spare

d the issue

ard of Dire

approval w

of `5770 la

e `109741

ng in a larg

when `121

mpared wit

un. We hold

nt petition,

41.79 lakh,

te of comm

akh (` 27.4

set-A and B

nding to s

station and

set-E, F, G

8.30 lakh e

the norms

es should b

of huge ov

ctions of th

was accord

akh. The es

lakh as ag

e savings t

683 lakh, w

th the appo

d that the t

, i.e., `24

, and henc

mercial oper

46 lakh for A

B, `8.30 lak

ub-station

`38.68 lak

G, H & I. BR

each for As

s of 0.75%

be limited to

ver-estimatio

he petitione

ded at an e

stimated co

gainst the a

to the tune

which also

ortioned FR

total expen

4120 is wi

ce there is

ration is inc

Asset-A an

kh for Asse

and `249

kh correspo

RPL has s

sset-B and

of the cap

o the ceilin

Page

on in the

er. They

stimated

ompletion

approved

of 10%.

includes

R cost of

nditure of

ithin the

no cost

clusive of

nd ` 8.30

et-C and

.20 lakh

onding to

ubmitted

Asset-C

ital cost.

ng norms

e 14 of 44

Order i

presc

claim

the 2

the

Regu

P

CAa

A

A

CAFI

27.

cons

Asset

CombinAssets Asset-CAsset-DCombinAssets H & I

n Petition No. 97

cribed by t

med by the

2009 Tariff

initial spar

ulation 8 ar

Particulars

Combined Assets-A and B

S

Asset-C S

Asset-D S

Combined Assets-E, F, G, H &

S

TL

According

sidered for t

s

ned -A &B

C D ned E, F, G,

7/TT/2012

the 2009 T

petitioner a

Regulations

res claimed

re given bel

Sub- station

Sub- station

Sub- station

Sub- station

Transmission ines

gly, capital

the purpose

Capital cosadjustmentIEDC/IDC &spares as oDOCO / NoDOCO

Tariff Regu

are within th

s. Hence, t

d by the p

ow:-

Capital cost claimed as on cut- off date

3,383.91

758.19

2,649.88

10,756.23

6,216.28

cost as on

e of tariff ca

st before t of

& initial on

otional

1934.44

664.871820.75

12870.98

ulations. W

he ceiling lim

he same is

petitioner a

Initial spares claimed

35.76

8.30

27.46

210.52

38.68

date of co

alculation a

Deduction respect of excess IDCIEDC

0.0

0.00.0

0.0

We hold tha

mits defined

s being allow

and the ce

Ceiling limits as pRegulation8 of the 2009 TarifRegulation

2.50

2.50

2.50

2.50

0.75

ommercial o

s given her

in

C/

Deductin respof exceinitial spares

00

0000

00

at the initia

d in Regula

wed. The d

eiling limits

(`

per n

ff ns

Initial spares workedout

0% 85.85

0% 19.23

0% 67.24

0% 270.40

5% 46.68

operation h

reunder:-

(`tion

pect ess

CapiadjuIEDCsparDOCDOC

0.00

0.000.00

0.00

Page

al spares

ation 8 of

details of

s as per

` in lakh)

d

Excess initial spares claimed

5 -

3 -

4 -

0 -

8 -

has been

` in lakh) ital cost aftstment of

C/IDC & initres as on CO / NotionaCO

1934

6641820

12870

e 15 of 44

-

-

-

-

-

er

ial

al

4.44

4.870.75

0.98

Order i

Proje

28.

29.

30.

given

NamAss

ComAsseAsseAsseComAsseH &

31.

has b

n Petition No. 97

ected addi

As per R

“Additionabe incurreddate of cothe Comm

(((

(

(

The 2009

“cut-off dacommercunder comshall be 3operation

Petitione

n hereunde

me ofsets

mbined ets A & B et-C et-D

mbined ets-E, F, G, I

Additiona

been consid

7/TT/2012

itional cap

Regulation 9

al Capitalisatd, on the fol

ommercial opission, subjei) Undischi) Works dii) Procurem

work, suiii) Liabilitie

order or iv) Change

9 Tariff Reg

ate means 3ial operationmmercial op

31st March of”.

er has claim

er:-

f date

commeroperatio

1.2.20

1.5.201.4.20

1.3.20

al capital e

dered for th

ital expend

9 (1) of the

tion: (1) Thelowing counperation andect to prudenarged liabiliteferred for ement of initia

ubject to the s to meet adecree of a in Law:”

ulations fur

31st March ofn of the properation in tf the year clo

med additi

of

rcial on

2011

012

012 012

012

expenditure

he purpose

diture

2009 Tariff

e capital expnts within thed up to the nce check:ties; execution; al capital spprovisions o

award of arbcourt; and

rther define

f the year cloject, and inthe last quaosing after 3

onal capita

1-12

404.03

--

1223.05

e claimed is

of tariff cal

f Regulation

penditure ince original scocut-off date

pares within of Regulationbitration or f

es the cut-of

osing after 2ncase of therter of the y

3 years of th

al expendit

2012-13

1216.01

278.65829.13

1828.48

s within th

lculation.

ns

curred or proope of work,may be ad

the original n 8; for complian

ff date as u

2 years of the project is year, the cue year of co

ture as pe

(` in lakh2013-14

1 -

5 -3 -

8 1050.00

e cut-off d

Page

ojected to , after the mitted by

scope of

ce of the

under:-

he year of declared

ut-off date ommercial

r details

h)

-

- -

0

ate, and

e 16 of 44

Order i

Debt

32.

33.

date

here

n Petition No. 97

t- equity ra

Regulation

“12. Deboperation30% of thloan: Provided cost, the aProvided designate Explanattransmissinvestmenfunding ocomputingresourcesgeneratin (2) In casunder comthe Commshall be c (3) Any eas may bdeterminaextensionregulation

Details o

of commer

under:-

Partic

DebtEquityTotal

Partic DebtEquityTotal

7/TT/2012

atio

n 12 of the 2

bt-Equity R on or after

he capital cos

that where actual equity

further thaed in Indian r

tion- The prsion licenseent of internf the projectg return ons are actuag station or

se of the gemmercial opmission for considered.

xpenditure ibe admitted ation of tariffn shall be sn.”

of debt-equ

rcial operat

culars Com

y

culars

y

2009 Tariff

Ratio. (1) Fr 1.4.2009, ist, equity in

equity actuay shall be coat the equirupees on th

emium, if ane, as the caal resourcet, shall be ren equity, prolly utilised the transmis

enerating staperation priodeterminatio

ncurred or pby the Comf, and renovserviced in

ity in respe

tion/Notiona

Capital costAmount

mbined Asset135

19Asset-C

AmountAsset-C

416

Regulation

For a projeif the equityexcess of 3

ally deployedonsidered foity investedhe date of ea

ny, raised byase may be,es created oeckoned as povided suchfor meetingssion system

ation and thor to 1.4.20on of tariff f

projected to mission as a

vation and mthe manner

ect of the t

al date of co

(t as on DOCO

%t- A & B354.11580.33934.44

%

465.41199.46664.87

ns provides

ect declaredy actually de0% shall be

d is less thar determinat

d in foreignach investme

y the genera while issuiout of its fpaid up capih premium g the capitam.

he transmiss09, debt-eqfor the perio

be incurredadditional ca

modernisatior specified

ransmissio

ommercial

(` in lakh) O

70.0030.00

100.00

70.0030.00

100.00

that:-

d under coeployed is m

treated as n

an 30% of thtion of tariff: n currency ent.

ating compang share caree reserveital for the pamount andl expenditu

sion system uity ratio alod ending 3

d on or after apital expen

on expendituin clause (1

n assets a

operation a

Page

ommercial more than normative

he capital

shall be

any or the apital and e, for the urpose of d internal re of the

declared lowed by

31.3.2009

1.4.2009 nditure for ure for life 1) of this

s on the

are given

e 17 of 44

Order i

34.

Retu

35.

n Petition No. 97

Debt- eq

urn on equ

Regulatio

“15. (1) Rbase dete (2) Return15.5% foriver geneincluding generatinthis regula

DebtEquityTotal

DebtEquityTotal

7/TT/2012

uity ratio as

ity

on 15 of the

Return on eermined in a

n on equity r thermal geerating statio

pumped sg station witation:

y

Combin

y

Particular

Debt Equity Total

Debt Equity Total

Debt Equity Total

CoDebt Equity Total

s on 31.3.2

e 2009 Tari

quity shall bccordance w

shall be comenerating ston, and 16.storage hydth pondage

Asset-DAmount

12 518

ned Assets EAmount

93

12

Caprs Amo

Combined

As

As

ombined As

2014 is give

iff Regulatio

be computewith regulatio

mputed on ptations, tran5% for the

dro generatand shall be

%274.53546.23820.75

E, F, G, H & I%

9009.693861.292870.98

ital cost as ount d Asset-A &

2488.141066.343554.4

sset-C 660.4283.0943.5

sset-D 1854.9

794.92649.8

sset-E, F, G11880.7

5091.716972.9

en hereunde

(` in la

ons provide

ed in rupee on 12.

pre-tax basismission systorage typeting stationse grossed up

70.0030.00

100.00

70.0030.00

100.00

on 31.3.201

& B 4 70.4 30.8 100.

6 70.6 30.2 100.

2 70.6 30.8 100., H & I

76 70.75 30.91 100.

er:-

akh)

es that:-

terms, on t

s at the basystem and re generatings and run p as per clau

14 %

.00

.00

.00

.00

.00

.00

.00

.00

.00

.00

.00

.00

Page

he equity

se rate of un of the g stations

of river use (3) of

e 18 of 44

Order i

36.

equit

allow

gross

Finan

15 of

n Petition No. 97

Provided additionalwithin the Provided the projecwhatsoev (3) The rarate with 2008-09, generatin

(4) Raand be co

Rate of pr

Where “t”regulation

(5) Thmay be, son accouAlternate/amendedmaking an

Provided applicablemay be, respectiveRegulatio

BRPL ha

ty @ 18.04

wed as per

sing up the

nce Act, sh

f the 2009

7/TT/2012

that in casel return of 0

e timeline spe

further that ct is not com

ver.

ate of returnthe Minimuas per the g company

ate of returnomputed as

re-tax return

” is the appn.

he generatinshall recoverunt of Retu/Corporate I from time tny applicatio

further thae to the gene

in line withe year durinn 6 of these

as submitte

44% withou

the 2009

e base rate

hall be settl

Tariff Regu

e of projects 0.5% shall ecified in Ap

the additionmpleted with

n on equity um AlternateIncome Taxor the transm

n on equity per the form

n on equity =

plicable tax

ng companyr the shortfa

urn on Equincome Tax to time) of ton before the

at Annual Ferating comph the provis

ng the tariff regulations

ed that the

t giving any

Tariff Regu

of return w

led in acco

ulations. W

commissionbe allowed

ppendix-II:

nal return ofhin the time

shall be come/Corporate x Act, 1961,mission licen

shall be roumula given be

= Base rate /

rate in acc

y or the tranall or refund ity due to Rate as pe

the respective Commissio

Fixed Chargpany or the trsions of theperiod shall ."

e petitioner

y reason a

ulations. Th

with the app

ordance with

We would lik

ned on or aftif such pro

f 0.5% shallline specifie

mputed by gIncome Ta

, as applicabnsee, as the

unded off to elow:

/ (1-t)

cordance wi

nsmission licthe excess Achange in

er the Incomve financial on:

e with respransmission e relevant be trued up

has calcu

nd return o

he petitione

licable tax r

h the provis

ke to clarify

ter 1st April, ojects are c

l not be admed above for

grossing up ax Rate for ble to the c

e case may b

three decim

th clause (3

censee, as Annual Fixeapplicable

me Tax Act, year directl

pect to the licensee, as

Finance Acp in accorda

lated the r

on equity sh

er's prayer

rate as per

sions of Re

y that pre-ta

Page

2009, an completed

missible if r reasons

the base the year

oncerned be.

mal points

3) of this

the case d Charge Minimum 1961 (as

ly without

tax rate s the case ts of the ance with

eturn on

hould be

to allow

relevant

egulation

ax return

e 19 of 44

Order i

on e

calcu

37.

R

OAexCAR TRR

OACAR TRR

OACAR TRR

n Petition No. 97

equity of

ulations.

Based on

Return on Eq

Opening equAddition due

xpenditure Closing equitAverage equiReturn on eqTax rate for t

Rate of returnReturn on eq

Opening equAddition due Closing equitAverage equiReturn on eqTax rate for t


Opening equAddition due Closing equitAverage equiReturn on eqTax rate for t


7/TT/2012

17.481%

n the above

quity

ity to additiona

y ity uity (Base Rthe year 200n on equity (quity (Pre T

Return on

ity to additionay ity uity (Base Rthe year 200n on equity (quity (Pre T

Return onity to additionay ity uity (Base Rthe year 200n on equity (quity (Pre T

has been

e, the follow

Combine

l capital

Rate ) 08-09 (MAT)(Pre Tax )

Tax)

An Equity

l capital exp


Tax)

An Equity

l capital exp


Tax)

considere

wing return

ed Asset- A2011-12(Pro-rata

580.121.2

701.640.

15.50) 11.33

17.48118.

Asset-C

penditure

)

Asset-D

penditure

)

ed for the

on equity h

A & B

a) 2012-1

33 721 3

54 1094 8

0% 13% 11% 1767 1

2012-1(Pro-ra

1

22

1511

17.

2012-15276

1511

17.1

purpose

has been al

(`

(`

(`

3 201

701.54 364.80

066.34 883.94 5.50% 1.33% .481% 154.52

13 ata)

20

99.4683.60

283.06241.265.50%1.33%481%38.66

13 20546.23248.74794.96670.595.50%1.33%481%17.23

Page

of tariff

lowed :-

` in lakh)

` in lakh)

` in lakh)

13-14

1066.340.00

1066.341066.3415.50%11.33%

17.481%186.41

013-14

283.060.00

283.06283.06

15.50%11.33%

17.481%49.48

013-14 794.96

0.00794.96794.96

15.50%11.33%

17.481%138.97

e 20 of 44

Order i

38.

of th

spec

have

view

Regu

elem

sche

uphe

155/2

OAeCAR TRR

n Petition No. 97

During h

he 11 elem

cified time

e considere

that for g

ulation 15(2

ments of the

edule specif

eld by the

2011. The r

"16. Nowappellant ‘transmisscounsel, telement othe transmof 0.05%CommissAppendixif the de‘transmiss

Ret

Opening equAddition due expenditureClosing equitAverage equReturn on eqTax rate for


7/TT/2012

earing on

ments of th

limit and p

ed the subm

grant of a

2) read wi

e transmiss

fied in Appe

Tribunal

relevant ob

w, the thrust lies in read

sion systemthere is no dor a unit or amission licen as per region Tariff R

x II to the saiefinition of sion system

Cturn on Equ

uity to additiona

ty ity

quity (Base Rthe year 200n on equity (quity (Pre T

18.10.2012

he Scheme

prayed for a

missions of

additional r

th Append

sion system

endix II of t

in its judg

bservations

of the of thding the defm’ together difficulty in aa line or a gnsee would gulation no Regulations,2

d regulationthe word

m’ are not re

Combined Auity

al capital


Tax)

2, the petitio

e have be

additional r

the petition

return on e

ix II of 20

ms need to

the said Re

gment date

of the Tribu

he argumenfinition of th

in order taccepting theroup of linesbe entitled t15 (2) of th2009 and thn 15(2) will h‘project’ anead togethe

Asset- E, F,2011-1

(Pro-ra3861366

4228404415.5

) 11.317.48

58

oner has s

een commi

return on e

ner. We are

equity und

09 Tariff R

be comple

egulations. T

ed 10.5.20

unal are ex

nt of the leahe word ‘prothat, accorde propositions are completo the additihe Central Ehe efficacy oave no effec

nd the definer then the

G, H & I 12 ta)

201

1.29 46.92

8.21 44.75 450%33%81% 18.92

(`

ubmitted th

ssioned w

equity of 0.

e of the co

der first pr

Regulations

eted within

This view h

012 in App

xtracted as

rned counseoject’ and thding to then that even weted the genonal return Electricity Rof the Note ct. It is submnition of thvery purpos

2-13 2

4228.21 548.54

4776.75 4502.48 15.50% 11.33% 7.481% 787.08

Page

` in lakh)

hat 9 out

within the

.5%. We

nsidered

roviso to

s, all the

the time

has been

peal No.

under:-

el for the hat of the e learned when one nerator or on equity

Regulatory 1 to the

mitted that he words se of the

2013-14

4776.75315.00

5091.754934.2515.50%11.33%

17.481%862.56

e 21 of 44

Order in Petition No. 97

scheme orelevant pto us it aappellant word ‘progeneratioboth. Defsection 2(‘project’ balso a prowith or wassociateon readinsystem mgroups ofand incluswith transwork or pdown a substationBallabhgarequired tof the worender antogether w(2) of the of the proof 0.5%. Tor block in Appendcharm in impugned‘transmisstransmissword ‘trantime scheor elemendescriptiohave seeproject isAppendixappertainthat elemIf it had bof a part owould enthen theytime framimplemenapproval. thereof, tadditionaldoes har

7/TT/2012

of the Act beprovisions ofappears to is difficult t

oject’ as apn and trans

finitely, the i(40) of the Abecause traoject and thwithout ass

ed with transng the two wmay be in af lines and thsively the trasmission lineproject it ap400 kV D/Cns and oarh 400 kVto be compleord ‘project’ ny assistancwith the AppTariff Regul

oject does enThe words ‘or element

dix II of the rit. The argu

d order of thsion project sion project’ nsmission sedule may rent of transmon of the won earlier. Co

s not what x II and the s to the scoent of the tra

been the inteof a work or title the tran would have

me for each onted within

That has nhat would ql return on rdly have to

ecomes otiof the Act anus that the

to accept foppearing in smission bemport of the

Act has beennsmission se transmiss

sociated subsmission linewords togetha case of a hey again mansmission ses and sub-spears that tC line and ne reactive

V D/C line. eted within tas we find

ce to the appendix II as lations, 2009ntitle the app’ up to the t of transmregulation 15ument of thehe Commiss

as a wholecan hardly

system’ is a elate to, in cission projecork covered ompletion ois contemplNote theretpe and ambansmission ention of thea part of the

nsmission lie expressly mof the units

a specific not been doqualify a tran

equity. Inteoo much of

ose and getsd those of t

e argument or the prima

section 2(3ecause the e word ‘transn incorporatesystem is alion system b-station, aes and sub–er do not leparticular p

ay be with osystem maystations. Nothis transmis

two extense compensThis is the

the time framin section 2

pellant, for also the no

9 it does notpellant to cladate of comission proje5(2) of the Re learned cosion has thee’ in the plac

be agreed comprehen

case of any ct as may beunder the

f a part of tlated in theto. The elem

bit of the worwork which

e authors of e project or acensee to cmade provisor each of ttimeframe

ne. It is thensmission licrpretation of relevance

s defeated. Athe Regulatioof the lear

ry reason th31) of the Regulationssmission sysed in to the lso a projecmeans a linnd it also

–stations. Inead us anywproject a linor without asy comprise eow, having sssion projecsion works sation on

e transmissime. In this s2(31) of thehaving readte 1 to the st appear thaaim for additmmercial opect as appl

Regulations, ounsel for th

e effect of suce of the exto because

nsive one anparticular pe applicabletransmission

the total wor regulation

ment of the rd transmissis applicablethe Regula

a part of theclaim additiosion there fothe parts of

from the scheme ascensee to th

of different pin the con

After havingons as wererned counsehat the impoAct compri

s, 2009 is mstem’ as ocdefinition of

ct as a genene or a grou

includes e fact, over e

where. A tranne or any nssociated suequipment aseen the sco

ct consisted of the twoproposed

on project scenario the e Act does d the regulatsaid regulatit completionional return

peration of licable’’ as 2009 has nohe appellanubstituting txpression ‘ele the definitind the comroject, units

e to such pron project is rk covered u15(2) read transmissio

sion system. e in a given tions that co transmissio

onal return or and made the total wodate of in

s a whole, nhe entitlemeprovisions onspectus of

Page

read the e referred el for the ort of the ses both

meant for curring in f the word eration is p of lines

equipment emphasis nsmission umber of b-station, ssociated

ope of the of laying

o existing Kanpur-

that was definition not really tion 15(2) ion no 15 n of a part on equity the units occurring o magical t that the he words lement of on of the pletion in , or block oject. The

what we under the

with the on project It means situation.

ompletion on system on equity separate

orks to be nvestment not a part ent to the of the Act

the fact

e 22 of 44

Order i

39.

been

the T

equit

Regu

2009

Inter

40.

n Petition No. 97

situation 2009 is conly one the Commhas not b In the pr

n completed

Tribunal as

ty for the s

ulation 15(2

9 Tariff Reg

rest on loa

Regulatio

“16. (1) Tconsidere (2) The ndeducting31.3.2009 (3) The reto be equ (4) Notwcompany loan shalproject an (5) The calculatedyear appl Provided is still outbe considProvided the case of interestshall be c

7/TT/2012

in which intcalled for. Telement to t

mission doeseen commis

resent case

d within the

extracted a

subject ass

2) of the 20

gulations.

an

on 16 of the

The loans ared as gross n

normative log the cumula9 from the gr

epayment foal to the dep

withstanding or the transl be conside

nd shall be e

rate of inted on the basicable to the

that if there tstanding, th

dered: further that may be, doet of the gene

considered.

terpretation he element the exclusios appear to ssioned with

e, only 9 o

e timeline.

above, the p

set cannot

009 Tariff R

e 2009 Tari

rrived at in thnormative lo

an outstandative repaymross normat

or the year opreciation al

any morasmission liceered from thequal to the a

erest shall sis of the ac

e project:

is no actualhe last avail

if the generes not have erating comp

of the reguof the trans

on of others,have rightlyin the time s

out of 11 e

In the light

petitioner's

be allowe

Regulations

iff Regulatio

he manner inoan for calcu

ding as on 1ment as admive loan.

of the tariff plowed for tha

torium periensee, as thhe first yearannual depr

be the weictual loan p

l loan for a pable weight

rating stationactual loan

pany or the t

lation 15 (2smission pro if there are

y held that thschedule."

elements in

t of the prin

prayer for

ed as it is

s read with

ons provide

ndicated in rulation of inte

1.4.2009 shamitted by th

period 2009at year.

od availed e case may r of commerreciation allo

ighted averportfolio at th

particular yeaed average

n or the tran, then the wtransmission

) of the Regoject does n

e more than he project as

the Schem

nciple laid

additional r

not covere

h Appendix

es as under

regulation 12erest on loan

all be workee Commiss

9-14 shall be

by the g be the reparcial operati

owed.

age rate ofhe beginning

ar but normarate of inte

nsmission syweighted aven licensee as

Page

gulations, not mean one, and

s a whole

me have

down by

return on

ed under

II of the

r:-

2 shall be n.

ed out by ion up to

e deemed

enerating ayment of on of the

f interest g of each

ative loan erest shall

ystem, as erage rate s a whole

e 23 of 44

Order i

41.

here

n Petition No. 97

(6) The inthe year b (7) The gbe, shall savings ofinancing shared btransmiss (8) The cfrom the d (9) In caaccordanBusiness)statutory Provided any paymor the tranre-financi

In these

eunder:-

(i) Gros

on a

Com

dated

(ii) The

cons

(iii) Weig

out a

the y

7/TT/2012

nterest on loby applying t

generating cmake everyon interest shall be bo

between thesion licensee

changes to tdate of such

ase of dispce with the ) Regulationre-enactmen

that the benment on acconsmission licng of loan.”

calculation

ss amount o

actual loan

bined Asse

d 4.8.2012

yearly rep

idered to b

ghted avera

as per (i) a

year to arriv

oan shall be the weighted

ompany or y effort to reand in thatorne by the e beneficiare, as the cas

the terms an re-financing

ute, any ofCentral Ele

ns, 1999, ant thereof fo

neficiary or thount of the censee durin

s, interest

of loan, rep

ns have be

ets A & B

for all othe

payment fo

e equal to t

age rate of

bove is ap

ve at the int

calculated od average ra

the transmis-finance the event the beneficiarie

ries and thse may be, in

nd conditiong.

f the partieectricity Regas amendedr settlement

he transmissinterest claimng the pende

on loan has

payment of

een consid

and as pe

r assets;

or the tar

the depreci

f interest o

plied on th

terest on loa

on the normaate of interes

ssion licensee loan as lon

costs assoes and the he generatinn the ratio of

ns of the loa

s may makulatory Comd from timeof the dispu

sion custommed by the ency of any

s been wor

instalments

dered as

er the affida

riff period

iation allow

on actual a

he notional

an.

ative averagst.

ee, as the cng as it resuciated with net savingsng companyf 2:1.

ans shall be

ke an applimmission (Coe to time, ute:

ers shall notgenerating dispute aris

rked out as

s and rate

per the pe

avit of the

2009-14 h

wed for that

average loa

average lo

Page

ge loan of

case may ults in net

such re-s shall be y or the

reflected

ication in onduct of including

t withhold company

sing out of

detailed

of interest

etition for

petitioner

has been

year;

an worked

oan during

e 24 of 44

Order i

42.

given

43. unde

n Petition No. 97

Detailed

n in the Ann

Details oer:-

Particulars

Gross normaCumulative rNet loan-opeAddition dueRepayment dNet loan-closAverage loan

Weighted avInterest

Gross normaCumulative rNet loan-opeAddition dueRepayment dNet loan-closAverage loanWeighted av

Interest

Particulars Gross normaCumulative rNet loan-opeAddition dueRepayment dNet loan-closAverage loanWeighted av

Interest

7/TT/2012

calculation

nexure - I to

of the intere

ative loan repayment upening e to additionalduring the yesing n

verage rate of

Particu


verage rate of


verage rate of

n of the we

o Annexure

est on loan

Com

pto previous y

capital expenar

f interest on lo

ulars

pto previous y

capital expenar

f interest on lo

pto previous y

capital expenar

f interest on lo

ighted aver

e - IV to this

n worked o

mbined Asset

(

year

nditure

oan

Asset -C

year

nditure

oan

Asset-D

year

nditure

oan

rage rate o

s order.

out on the a

t- A & B2011-12

(Pro-rata)1354.11

0.001354.11282.82

18.071618.861486.48

3.7896%9.39

2012-13(Pro-rata

4650

465195

37623544

3.423

17

20121274

01274580112

17421508

3.898

58

of interest h

above basi

(`

2012-13

1636.93 18.07

1618.86 851.21 146.04

2324.03 1971.45

3.7896% 74.71

(`

a) 20

5.410.005.415.067.063.414.4133%

7.08

(`

2-134.530.004.530.392.272.648.5880%

8.80

Page

has been

s are as

` in lakh)

2013-1

2488.164.

2324.00.0

173.22150.82237.4

3.752483.9

` in lakh)

013-14

660.4637.06

623.410.00

46.56576.84600.12

3.3943%

20.37

` in lakh)

2013-141854.92112.27

1742.640.00

130.621612.021677.33

3.8625%

64.79

e 25 of 44

14

14100300228242

4%96

Order i

Depr

44.

of de

n Petition No. 97

Particulars

Gross normaCumulative rNet loan-opeAddition dueRepayment dNet loan-closAverage loanWeighted av

Interest

reciation

Regulatio

epreciation

“17. (1) Tcost of the (2) The depreciatasset. Provided as providGovernmProvided station foto the peagreemen (3) Land case of hyshall be ethe asset (4) Depreand at ratgeneratin Provided closing afspread ov

7/TT/2012


verage rate of

on 17 of th

in the follow

The value bae asset adm

salvage vaion shall be

that in caseded in the ent for creatfurther thatr the purposercentage ont at regulate

other than tydro generaexcluded fro.

eciation shaltes specifiedg station an

that, the remfter a periodver the balan

Combine

pto previous y

capital expenar

f interest on lo

e 2009 Tar

wing manne

ase for the mitted by the

alue of the allowed up

e of hydro geagreement

tion of the sit the capital se of compuof sale of eed tariff.

the land heating station m the capita

l be calculad in Appendid transmissi

maining depd of 12 yearsnce useful lif

ed Asset- E,

year

nditure

oan

riff Regulat

er, namely:

purpose of Commission

asset shato maximum

enerating stasigned by

te: cost of the

utation of deelectricity un

ld under leashall not be

al cost while

ted annuallyx-III to theseion system.

preciable vals from date fe of the ass

F, G, H & I2011-12(Pro-rata)

9009.690.00

9009.69856.14

52.929812.909411.29

2.6418%

20.72

tions provid

-

depreciationn.

ll be consim of 90% of t

ations, the sathe develo

e assets of tpreciable vander long-te

ase and thee a depreciabe computing

y based on e regulations

lue as on 31of commerc

sets.

(`

2012-13

9865.82 52.92

9812.90 1279.94 710.52

10382.32 10097.61 2.6418%

266.76

des for com

n shall be th

dered as 1the capital c

alvage valueopers with t

the hydro galue shall coerm power

land for reble asset andepreciable

Straight Lines for the ass

1st March ofcial operation

Page

` in lakh)

2013-14

11145.76763.44

10382.32735.00778.98

10338.3310360.332.6266%

272.34

mputation

he capital

10% and cost of the

e shall be the State

enerating orrespond purchase

servoir in nd its cost e value of

e Method ets of the

f the year n shall be

e 26 of 44

6420833

%

4

Order i

45.

G, H

on 1.

12 ye

based

2009

basis

depre

of yea

46.

n Petition No. 97

(5) In ca1.4.2009 admitted value of th (6) Depreoperationdepreciat

Combine

& I in the i

2.2012, 1.5

ears beyond

d on Straig

Tariff Regu

of capital

eciation for

ar.

Details o

Particulars

Opening Gr

Addition duadditional cClosing GroAverage GrRate of DepDepreciableRemaining Depreciatio

7/TT/2012

se of the eshall be woby the Com

he assets.

eciation sha. In case of ion shall be

ed Assets A

nstant petit

5.2012, 1.4

d 2013-14 a

ght Line Me

ulations. Ac

expenditu

the first yea

of the depre

ross Block

ring 2009-14capital expenoss Block ross Block preciation e Value Depreciable

on

existing projorked out bymmission up

all be charf commerciacharged on

A & B, Asse

tion were p

4.2012 and

and thus de

ethod and

ccordingly,

ure as on

ar has been

eciation wor

4 due to projnditure

e Value

ects, the bay deductingp to 31.3.20

rgeable fromal operation

pro rata bas

et-C, Asset-

put on comm

1.3.2012

epreciation

at rates sp

depreciatio

date of co

n calculated

rked out are

Combined A

jected

alance depr the cumula009 from th

m the first of the assetsis.”

-D and Com

mercial ope

and accord

has been c

pecified in

on has been

ommercial

d on pro ra

e as under:

Asset- A & B2011-12

(Pro-rata)1934.44

404.03

2338.472136.46

5.0741%1884.681884.68

18.07

reciable valuative depreche gross de

year of cot for part of

mbined Ass

eration, res

dingly will c

calculated a

Appendix-

n worked o

operation

ta basis for

-

(`

B 2012-13

2338.47

1216.01

3554.48 2946.48

4.9563% 2613.69 2595.63

146.04

Page

ue as on ciation as epreciable

ommercial the year,

set –E, F,

pectively

complete

annually,

III to the

ut on the

wherein

r the part

` in lakh)

2013-14

3554.48

0.00

3554.483554.48

4.8732%3160.902996.79173.22

e 27 of 44

Order i

Oper

47.

the n

P

O

AaCARDRD

n Petition No. 97

Particulars Opening Gr

Addition ducapital expeClosing GroAverage GrRate of DepDepreciableRemaining Depreciatio

Opening Gr

Addition duadditional cClosing GroAverage GrRate of DepDepreciableRemaining Depreciatio

ration & m

Clause (

norms for o

Particulars

Opening Gro

Addition duriadditional caClosing GrosAverage GroRate of DeprDepreciable Remaining DDepreciation

7/TT/2012

ross Block

ring 2009-14enditure oss Block ross Block preciation e Value Depreciable

on

Particul

ross Block

ring 2009-14capital expenoss Block ross Block preciation e Value Depreciable

on

maintenanc

g) of Regu

peration an

oss Block

ng 2009-14 apital expendss Block oss Block reciation Value

Depreciable Vn

4 due to proj

e Value

Combined ars

4 due to projnditure

e Value

e expense

ulation 19 o

nd maintena

As

due to projediture

Value

Asset-D

jected addit

Asset- E, F20

(Pr1

jected

11411

es

of the 2009

ance expen

sset-C 2(

ected

2

ional

22

5

F, G, H & I 011-12 ro-rata) 2870.98

1223.05

4094.033482.51

4.7103%1008.501008.50

52.92

9 Tariff Reg

nses based

2012-13 (Pro-rata)

664.87

278.65

943.52804.20

5.0271%708.52708.52

37.06

(`

(` in

2012-13 1820.75

829.13

2649.88 2235.32

5.0228% 1988.91 1988.91

112.27

(`

2012-13

14094.03

1828.48

15922.51 15008.27 4.7342% 12379.13 12326.21

710.52

gulations pr

on the type

2013-14

7 94

5

2 940 94

4.932 832 796 4

Page

` in lakh)

n lakh)

2013-142649.88

0.00

2649.882649.88

4.9293%2362.012249.74

130.62

` in lakh)

2013-14

15922.51

1050.00

16972.5116447.514.7362%13674.4512911.01

778.98

rescribes

e of sub-

43.52

0.00

43.52 43.52 352% 33.91 96.85 46.56

e 28 of 44

Order i

statio

insta

48.

O&M

D/T/L

D/CT/L

400( `

220( `

Comb1.2.2schem2.915condSikar1 no.

4 nos

O&M

AsseRatan(DOC2.915condat Sik2 nos

O&M

Asseat Sik

n Petition No. 97

on and line

ant petition a

As per th

M expenses

Element/C twin condL ( ` lakh/ k

C single conL ( ` lakh/ km

0 kV bay lakh/ bay)

0 kV bay lakh/ bay)

bined Asset-012) under sme for Sasa5 km, LILO ouctor , Ratanr (DOCO : 1, 400 kV bay

s., 220 kV ba

M for Asset-A

et-C: LILO ongarh-II at S

CO :1.5.20125 km, 220 kVuctor LILO kar, T/L. s, 220 kV ba

M for Asset-C

et-D: 400/22kar

7/TT/2012

e. Norms pr

are as unde

he existing

for the ass

t 20uctor

kms) 0

ductor ms) 0

5

3

-A & B (DOCsystem stren

an Mundra Uof 220 kV D/ngarh-Sikar-1.2.2012) y

ays

A &B

of 220 kV D/Sikar 2) V D/C singleof Sikar- Ra

ays

C

0 kV, 315 M

rescribed in

er:-

norms of th

sets covere

009-10 20

0.627 0

0.269 0

52.40 5

36.68 3

CO: ngthening

UMPP /C, single -I at

/C Sikar-

e atnagarh-I

MVA, ICT-II

n respect o

he 2009 Tar

ed in the pe

010-11 2

0.663

0.284

55.40

38.78

2011-12 (Pro-rata)

2

3

2011-12

----

----

----

of the eleme

riff Regulat

tition are as

2011-12

0.701

0.301

58.57

41.00

2012

0.15

9.76

27.33

37.24

2012(Pro

ents covere

(`

tions, allow

s under: -

(`

2012-13

0.741

0.318

61.92

43.34

2-13 2

0.93

61.92

173.36

236.21

2-13 o-rata)

2

0.85

79.46

80.31

Page

ed in the

` in lakh)

wable

` in lakh)

2013-14

0.783

0.336

65.46

45.82

2013-14

0.98

65.46

183.28

249.72

2013-14

0.98

91.64

92.62

e 29 of 44

Order i

49.

block

the p

acco

also

The

suita

wage

50.

tariff

may

51.

Jd.VV

(DOC1no.

2 nos

O&M

Asse400 k315 MBus R (DOC48.88cond9 nos

8 nos

O&M

n Petition No. 97

The peti

k had been

petitioner d

ount of pay

considered

petitioner

able revisio

e hike w.e.f

AVVNL,

should be

be allowed

The peti

VNL has s

CO: 1.4.2012 400 kV bay

s. 220 kV ba

M for Asset-D

et-E to I, : CkV D/C JhakMVA ICT-I, Reactor at PCO: 1.3.20185 km, 400 kuctor LILO , s, 400 kV ba

s, 220 kV ba

M for Asset-E

7/TT/2012

itioner has

n arrived on

uring the y

y revision o

d while calc

has subm

n in the n

f 1.1.2007 i

JVVNL, JD

determined

d as per the

itioner in i

submitted th

2) y

ays

D

Combined askri- AbdullapII and 125 M

Panchkula 2)

kV D/C tripleT/L

ays

ays

E to I:

s stated th

n the basis

year 2003-0

of the empl

culating the

itted that

orms for O

s more tha

D.VVNL, P

d on the ba

e 2009 Tarif

ts rejoinde

hat it had f

ssets for ur , LILO,

MVAR

e

hat O&M e

s of normal

04 to 2007-

loyees of p

e O&M cha

it would a

O&M expen

n 50%.

PSPCL and

asis of app

ff Regulatio

er to the r

furnished th

----

----

---- 2011-12 (Pro-rata)

4

2

7

expenditure

ized actual

08. The wa

public secto

arges for ta

pproach th

nditure in c

d BRPL ha

roved cost

ons.

reply of AV

he actual O

2.86

43.93

27.33

74.12

e for 2009-

l O&M exp

age hike of

or undertak

ariff period 2

he Commis

case the im

ave submit

and O&M

VVNL, JVV

O&M cost,

61.92

86.68

148.60

36.22

557.28

346.72

940.22

Page

-14 tariff

enses of

f 50% on

king was

2009-14.

ssion for

mpact of

ted that

charges

VNL and

line and

65.46

91.64

157.10

38.28

589.14

366.56

993.98

e 30 of 44

Order i

bay

witho

of w

cons

52.

2009

empl

not s

requ

with

law.

Inter

53.

capit

n Petition No. 97

details of

out taking in

wage revisi

sidered 50%

The Com

9 Tariff Reg

loyees of P

see any re

irements of

any such a

rest on wo

As per t

tal and the

(i) Recei

As per

receivab

petitione

annual tr

allowed,

transmis

7/TT/2012

transmissio

nto accoun

on with ef

% in the wag

mmission ha

gulations by

PSUs after

ason why

f employee

application

rking capit

the 2009 T

interest the

ivables

Regulation

les will be

r has claim

ransmission

receivable

sion charge

on system

t expected

ffect from

ge hike so

as given ef

y factoring

r extensive

the admiss

e cost. How

, the same

tal

Tariff Regu

ereon are d

n 18 (1) (

e equivale

med the re

n charges c

es have bee

es.

for five y

man powe

January,

as to stipul

ffect to the

50% on a

consultatio

sible amou

wever, in ca

e shall be d

lations, the

iscussed he

(c) (i) of t

nt to two

eceivables

claimed in

en worked

years i.e. 2

er cost impl

2007. The

ate the nor

impact of

account of p

on with sta

nt is inade

ase the pet

dealt with i

e compone

ereunder:-

the 2009

months o

on the bas

the petition

out on the

2003-4 to 2

ications on

e Commiss

rms for 2009

pay revisio

pay revisio

akeholders.

equate to m

titioner app

n accordan

ents of the

Tariff Reg

of fixed co

sis of 2 m

n. In the tar

e basis of 2

Page

2007-08,

account

sion has

9-10.

on in the

n of the

We do

meet the

roaches

nce with

working

gulations,

ost. The

onths of

riff being

2 months

e 31 of 44

Order i

n Petition No. 97

(ii) Maint

Regulatio

maintena

1.4.2009

worked o

(iii) O &

Regulatio

operation

of workin

month of

in the wo

(iv) Rate

SBI Ba

conside

Assets

(i.e.13.

capital

1.4.201

working

7/TT/2012

tenance sp

on 18 (1)

ance spare

9. The valu

out.

M expense

on 18 (1) (

n and main

ng capital.

f the respec

orking capit

e of interes

ase Rate P

ered as the

A & B.

50%) has

for Asset-C

11 (i.e.11.7

g capital for

pares

(c) (ii) of t

s @ 15% p

ue of main

es

(c) (iii) of t

ntenance ex

The petitio

ctive year i

al.

st on work

lus 350 bp

e rate of in

SBI Base

been consi

C and Asse

5%) has be

r Combined

he 2009 T

per annum

ntenance s

the 2009 T

xpenses fo

oner has c

n the petiti

king capita

ps as on 1.4

nterest on w

Rate Plu

idered as t

et-D. SBI B

een consid

d Asset-E, F

Tariff Regul

of the O &

spares has

Tariff Regul

or one mon

claimed O&

on. This ha

l

4.2011 (i.e

working ca

us 350 bp

he rate of

Base Rate P

ered as the

F, G, H & I.

ations prov

& M expens

s according

lations prov

th as a com

&M expens

as been co

.11.75%) h

apital for C

s as on

interest on

Plus 350 bp

e rate of int

.

Page

vides for

ses from

gly been

vides for

mponent

ses for 1

nsidered

has been

ombined

1.4.2012

working

ps as on

terest on

e 32 of 44

Order i

54.

n Petition No. 97

Details o

P

MainteO & M Receiv

Interes

Particu

MainteO & M ReceivTotal Interes

PMainteO & M Receiv

Interes

P

MainteO & M Receiv

Interes

7/TT/2012

of interest o

Particulars

nance spareexpenses

vables Total

st

ulars

nance spareexpenses

vables

st

Particulars nance spareexpenses

vables Total

st

C

Particulars

nance spareexpenses

vables Total

st

n working c

Combined

20(Pr

es

Asset-C201(Pro

es

Asset D

20es

Combined A

20(Pr

es

capital allow

d Asset – A011-12 ro-rata)

33.5218.6286.08

138.212.71

C

2-13 o-rata) 2

13.147.30

32.6753.11

6.57

D 012-13

22.2912.3875.29

109.9714.85

Asset E, F, G011-12 ro-rata)

133.4274.12

425.77633.30

6.20

wed are giv

A & B

2012-13

35.4319.68

105.05160.17

18.82

(` in lakh)

2013-14

13.897.72

36.1457.75

7.80 (` in lakh)

2013-14 23.5713.0984.64

121.3016.38

G, H & I 2012-13

141.0378.35

464.15683.53

80.32

ven hereund

(` in lakh

2013-14

37.420.8

119.0177.2

20.8

(` in lakh

2013-14

149.10 82.83

498.96730.88 85.88

Page

der:-

)

4

46 81 02 29 83

)

0 3 6 8 8

e 33 of 44

Order i

Tran

55.

given

n Petition No. 97

nsmission

The tran

n hereunde

DepreIntereReturIntereO & M

DepInterRetuInterO & Tota

DepreIntereReturIntereO & M

DeprecInterestReturn InterestO & M

7/TT/2012

Charges

nsmission c

er:-

Particula

eciation est on loan n on equity est on workiM expenses

Total

Particul

reciation rest on loan urn on equityrest on workM Expenses

al

Particulaeciation est on loan n on equity est on workinM Expenses

Total

CoParticulars

ciation t on Loan on equity t on workingExpenses

Total

charges al

Combined

ars

ng capital

Asset-ars

y king capital s

Asset-Drs

ng capital

ombined As 2

(P

g capital

llowed for

d Asset-A &

2011-12 (Pro-rata)

18.079.39

18.672.71

37.2486.08

-C

2012-13(Pro-rata)

37.0617.0838.66

6.57

80.31179.68

(

2012-13 112.27

58.80117.23

14.85148.60451.75

sset E, F, G2011-12 Pro-rata)

52.9220.7258.92

6.2074.12

212.88

the transm

(`& B

2012-13

146.0474.71

154.5218.82

236.21630.30

(` in lakh)

) 2013-14

6 46.568 20.376 49.487 7.80

1 92.628 216.83

(` in lakh)

2013-14 130.62

64.79138.97

16.38157.10507.85

, H & I 2012-13

710.52 266.76787.08

80.32940.22

2784.89

mission ass

` in lakh)

2013-14

173.22 83.96

186.41 20.83

249.72 714.13

6780

23

(` in lakh)

2013-14

778.98 272.34 862.56

85.88 993.98

2993.73

Page

sets are

e 34 of 44

Order i

Filin

56.

petiti

praye

Com

to cl

2004

in Pe

fee d

be e

the p

Lice

57.

the c

fee m

has

shou

exist

of lic

in ac

n Petition No. 97

g fee and t

The petit

ion and pu

er for filing

mmission's o

arify that o

4-09 period

etition No.

directly from

ntitled for r

present peti

nce fee

The petit

cost associ

may be allo

submitted t

uld be rejec

ts no separa

cence fee. T

ccordance w

7/TT/2012

the publica

tioner has s

blication ex

fee and pu

order dated

order dated

. In accord

109/2009,

m the bene

reimbursem

ition, direct

tioner has s

ated with l

owed to be

that the pe

cted, as the

ate provisio

The petition

with Regula

ation expe

sought reim

xpenses. B

ublication e

d 11.9.2008

d 11.9.200

dance with

the petition

ficiaries on

ment of the

ly from the

submitted th

icense fees

e recovered

etitioner's re

licence fee

ons in the 2

ner shall be

ation 42 A (

enses

mbursemen

BRPL has s

expenses s

8 in Petition

08 in Petiti

the Commi

ner shall be

n pro-rata b

publication

beneficiarie

hat in O&M

s had not b

d separately

equest for

e is part of

2009 Tariff

e entitled fo

1) (b) of the

nt of fee pa

submitted t

hould be g

n No. 129/2

on No. 12

ission's ord

e entitled t

basis. The p

n expenses

es on pro-r

M norms for

been captu

y from the

reimbursem

the O & M

Regulation

or reimburse

e 2009 Tari

id by it for

that the pe

overned as

2005. We w

29/2005 pe

der dated 1

to recover t

petitioner s

s in connec

rata basis.

tariff block

ured and th

responden

ment for lic

expenses a

s for reimb

ement of lic

iff Regulatio

Page

filing the

etitioner's

s per the

would like

rtains to

1.1.2010

the filing

shall also

ction with

2009-14,

he license

nts. BRPL

cence fee

and there

ursement

cence fee

ons.

e 35 of 44

Order i

Serv

58.

servi

subje

servi

tax

20.7

acco

Shar

59.

be g

(Sha

amen

60.

n Petition No. 97

vice tax

The peti

ice tax on t

ected to su

ice tax from

on transm

.2010. We

ordingly the

ring of tran

The billin

governed by

aring of inte

nded from t

This orde

(M. D

7/TT/2012

tioner has

transmissio

uch service

m the bene

mission, vi

e consider

petitioner's

nsmission

ng, collectio

y the provi

r-state tran

time to time

er disposes

eena Daya Member

made a p

on charges

e tax in fut

eficiaries in

ide notifica

r the pray

s prayer is r

charges

on & disburs

ision of Ce

nsmission c

e.

s of Petition

alan) r

prayer to b

separately

ture. BRPL

future, as

ation No.

yer of the

rejected.

sement of t

entral Elect

harges and

n No. 97/TT

e allowed

y from the

L has objec

CBEC has

11/2010-s

e petitione

the transmi

tricity Regu

d losses) Re

T/2012.

(V.

to bill and

respondent

cted to rec

s exempted

service tax

er pre-matu

ssion charg

ulatory Com

egulations,

S. Verma) Member

Page

recover

ts, if it is

covery of

d service

x dated

ure and

ges shall

mmission

2010 as

e 36 of 44

Order i

C

D1 B G

CD

N A R N A R I

R

2 B G

CD

N A R N A R I

R

3 B G

CDO

N A R N A R I

R

4 IR

G

C

n Petition No. 97

ALCULATIO

Details of LoBond XXX Gross loan oCumulative RDOCO/previNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest

Rep Schedu

Bond XXXIIGross loan oCumulative RDOCO/previNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest

Rep Schedu

Bond XXXIVGross loan oCumulative RDATE OF COOPERATIONNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest

Rep Schedu

BRD V ([email protected] loan oCumulative R

7/TT/2012

ON OF WEI

oan

opening Repayment ous year pening ring the yeaduring the yosing an rest

le

I opening Repayment ous year pening ring the yeaduring the yosing an rest

le

V opening Repayment OMMERCIAN/previous ypening ring the yeaduring the yosing an rest

le

change 0.08) opening Repayment

GHTED AVE

upto

ar ear

upto

ar ear

upto AL year

ar ear

upto

ERAGE RA

2011-12

240.00

0.00

240.000.000.00

240.00240.008.80%21.12

12 annua

105.00

0.00

105.000.000.00

105.00105.008.64%

9.0712 annua

0

55.590.00

55.590.000.00

55.5955.59

8.84%4.91

12 annua2

953.520.00

TE OF INTE

2012-13

240.000.00

240.000.000.00

240.00240.008.80%21.12

al installmen29.9.2013

105.000.00

105.000.000.00

105.00105.008.64%

9.07al installmen08.07.2014

55.590.00

55.590.000.00

55.5955.59

8.84%4.91

al installmen21.10.2014

953.520.00

An

EREST ON L

(` in lakh2013-14

240.00 0.00

240.00 0.00

20.00 220.00 230.00 8.80% 20.24

nts from

105.00

0.00

105.00 0.00 0.00

105.00 105.00 8.64%

9.07 nts from

55.59

0.00

55.59 0.00 0.00

55.59 55.59

8.84% 4.91

nts from

953.52 0.00

Page

nnexure-I

LOAN

h)

e 37 of 44

Order i

DO

N A R N A R I

R

T G

CD

N A R N A R I

n Petition No. 97

DATE OF COOPERATIONNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest

Rep Schedu

Total LoanGross loan oCumulative RDOCO/previNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest

7/TT/2012

OMMERCIAN/previous ypening ring the yeaduring the yosing an rest

le


AL year

ar ear

upto

ar ear

953.520.000.00

953.52953.52

1.7%16.21

49 in1

1354.11

0.00

1354.110.000.00

1354.111354.11

3.7896%51.32

953.520.000.00

953.52953.52

1.7%16.21

stalments fr15.01.2015

1354.11

0.00

1354.110.000.00

1354.111354.11

3.7896%51.32

953.52 0.00 0.00

953.52 953.52

1.7% 16.21

rom

1354.11

0.00

1354.11 0.00

20.00 1334.11 1344.11

3.7524% 50.44

Page

e 38 of 44

Order i

C

D

1 IR

G

CD

N A R N A R I

R

2 B

G

CD

N

A

R N A R I

R

3 B

G

CD

N

A

R N A R I

n Petition No. 97

CALCULAT

Details of LoBRD V (Exc

[email protected] loan oCumulative RDOCO/previNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest

Rep Schedu

Bond XXXIIGross loan o

Cumulative RDOCO/previ

Net Loan-OpAdditions du

Repayment dNet Loan-CloAverage LoaRate of Internterest

Rep Schedu

Bond XXXIVGross loan o




7/TT/2012

TION OF WEINTERE

oan change 3.14) opening Repayment ous year pening ring the yeaduring the yosing an rest

le

I opening

Repayment ous year

pening ring the yea

during the yosing an rest

le

V opening

Repayment ous year

pening ring the yea


EIGHTED AVEST ON LOA

20

upto

ar ear

upto

ar

ear

1

upto

ar

ear

A

VERAGE RAAN

012-13 2

371.980.00

371.980.000.00

371.98371.982.08%

7.7449 instalme

15.1.2

20.00

0.00

20.000.00

0.0020.0020.00

8.64%1.73

12 annual infrom 08.0

13.43

0.00

13.430.00

0.0013.4313.43

8.84%1.19

Annexure-II

ATE OF

(` in lakh)013-14

371.980.00

371.980.000.00

371.98371.982.08%

7.74ents from 2015

20.00

0.00

20.000.00

0.0020.0020.00

8.64%1.73

stallments 07.2014

13.43

0.00

13.430.00

0.0013.4313.43

8.84%1.19

Pagee 39 of 44

Order i

R

4 B

G

CD

N

A

R N A R I

R

T G

CD

N A R N A R I

n Petition No. 97

Rep Schedu

Bond XXX Gross loan o




Rep Schedu


7/TT/2012

le

opening

Repayment ous year

pening ring the yea


le


1

upto

ar

ear

1

upto

ar ear

3


60.00

0.00

60.000.00

0.0060.0060.00

8.80%5.28


465.41

0.00

465.410.000.00

465.41465.41

3.4233%15.93

stallments 0.2014

60.00

0.00

60.000.00

5.0055.0057.50

8.80%5.06

stallments 09.2013

465.410.00

465.410.005.00

460.41462.91

3.3943%15.71

Page

e 40 of 44

Order i

C

D

1 IR

G

CD

N A R N A R I

R

2 B

G

CD

N

A

R N A R I

R

3 B

G

CD

N

A

R N A R I

n Petition No. 97

CALCULAT

Details of LoBRD V (Exc

[email protected] loan oCumulative RDOCO/previ

Net Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest

Rep Schedu





Rep Schedu





7/TT/2012

TION OF WEINTERE

oan change 1.63) opening Repayment ous year

pening ring the yeaduring the yosing an rest

le

I opening

Repayment ous year

pening ring the yea


le

V opening

Repayment ous year

pening ring the yea


EIGHTED AVEST ON LOA

20

upto

ar ear

upto

ar

ear

1

upto

ar

ear

A

VERAGE RAAN

012-13 2

927.790.00

927.790.000.00

927.79927.792.08%19.30

49 instalme15.01.2

90.00

0.00

90.000.00

0.0090.0090.00

8.64%7.78


36.73

0.00

36.730.00

0.0036.7336.73

8.84%3.25

Annexure-II

ATE OF

(` in lakh)013-14

927.790.00

927.790.000.00

927.79927.792.08%19.30

ents from 2015

90.00

0.00

90.000.00

0.0090.0090.00

8.64%7.78

stallments 7.2014

36.73

0.00

36.730.00

0.0036.7336.73

8.84%3.25

I

Pagee 41 of 44

Order i

R

4 B

G

CD

N

A

R N A R I

R

T G

CD

N A R N A R I

n Petition No. 97

Rep Schedu

Bond XXX Gross loan o




Rep Schedu


7/TT/2012

le

opening

Repayment ous year

pening ring the yea


le


1

upto

ar

ear

1

upto

ar ear

3


220.00

0.00

220.000.00

0.00220.00220.008.80%19.36


1274.52

0.00

1274.520.000.00

1274.521274.52

3.8980%49.68

stallments 0.2014

220.00

0.00

220.000.00

18.33201.67210.838.80%18.55

stallments 9.2013

1274.52

0.00

1274.520.00

18.331256.191265.35

3.8625%48.87

Page

e 42 of 44

Order i

CAL

D1 B

G

CD

N

A

R N A R I

R

2 B

G

CDO

N

A

R N A R I

R

3 B

G

CD

N

A

R N

n Petition No. 97

LCULATION

Details of LoBond XXX Gross loan o




Rep Schedu


Cumulative RDATE OF COOPERATIONNet Loan-OpAdditions du


Rep Schedu




Repayment dNet Loan-Clo

7/TT/2012

N OF WEIGH

oan

opening

Repayment ous year

pening ring the yea


le

I opening

Repayment OMMERCIAN/previous ypening ring the yea


le

V opening

Repayment ous year

pening ring the yea

during the yosing

HTED AVERLOAN

2

upto

ar

ear

upto AL year

ar

ear

upto

ar

ear

RAGE RATE

2011-12 2

460.00

0.00

460.000.00

0.00460.00460.008.80%40.48

12 annua2

163.00

0.00

163.000.00

0.00163.00163.008.64%14.08

12 annua0

133.26

0.00

133.260.00

0.00133.26

An

E OF INTER

2012-13 2

460.00

0.00

460.000.00

0.00460.00460.008.80%40.48

l installment9.09.2013

163.00

0.00

163.000.00

0.00163.00163.008.64%14.08


133.26

0.00

133.260.00

0.00133.26

nnexure-IV

REST ON

(` in lakh)

2013-14

460.00

0.00

460.00 0.00

38.33 421.67 440.83 8.80% 38.79

ts from

163.00

0.00

163.00 0.00

0.00 163.00 163.00 8.64% 14.08

ts from

133.26

0.00

133.26 0.00

0.00 133.26

Pagee 43 of 44

Order i

A R I

R

4 IR

G

CDO

N A R N A R I

R

T G

CDO

N A R N A R I

n Petition No. 97

Average LoaRate of Internterest

Rep Schedu

BRD V (Exc

[email protected] loan oCumulative RDATE OF COOPERATIONNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest

Rep Schedu

Total LoanGross loan oCumulative RDATE OF COOPERATIONNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest

7/TT/2012

an rest

le

change 9.62) opening Repayment OMMERCIAN/previous ypening ring the yeaduring the yosing an rest

le

opening Repayment OMMERCIAN/previous ypening ring the yeaduring the yosing an rest

upto AL year

ar ear

upto AL year

ar ear

2

133.268.84%11.78

12 annua2

8253.290.00

8253.290.000.00

8253.298253.29

2.08%171.67

49 instalme

9009.550.00

9009.550.000.00

9009.559009.55

2.6418%238.01

133.268.84%11.78


8253.290.00

8253.290.000.00

8253.298253.29

2.08%171.67

ents from 15.

9009.550.00

9009.550.000.00

9009.559009.55

2.6418%238.01

133.26 8.84% 11.78

ts from

8253.29 0.00

8253.29 0.00 0.00

8253.29 8253.29

2.08% 171.67

.01.2015

9009.55 0.00

9009.55 0.00

38.33 8971.22 8990.39

2.6286% 236.33

Pagee 44 of 44

central electricity r egulato ry commissioncercind.gov.in/2013/orders/so97tt.pdf · 31.3.2013 r has...

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