submission of text and affidavit to assam electricity regulatory …aerc.gov.in/aseb trading...

PETITION FOR ANNUAL REVENUE REQUIREMENT

And

TARIFF PROPOSAL FOR THE FINANCIAL YEAR 2006-2007

Submission of Text and Affidavit

To

Assam Electricity Regulatory Commission

By

Assam State Electricity Board Bijulee Bhawan, Paltanbazar

Guwahati-781 001

BEFORE THE ASSAM STATE ELECTRICITY REGULATORY

COMMISSION, GUWAHATI.

Petition No. – Case No.

(to be filed by the Office) IN THE MATTER OF Filing of Annual Revenue Requirement Proposal for the year 2006-2007

AND Petition for Determination of Tariff For the year 2006-2007

AND IN THE MATTER OF Assam State Electricity Board Bijulee Bhawan, Paltanbazar, Guwahati-781 001. Petitioner I, _________________________________________ son of Shri _________________________ aged _______ years residing at _________________________ do solemnly affirm and say as follows: I am the ___________________________ of Assam State Electricity Board, the petitioner in the above matter and am duly authorized by the said Petitioner to make this affidavit for and on behalf of the ASEB. The Statement made in the Petition based on information received from official records and I believe them to reflect truly and nothing materials has been concealed from the statements so made or documents or supporting data etc. attached. Solemnly affirm at Guwahati on ___________th day of __________ 2005 that the contents of this affidavit are true to my knowledge, no part of it is false or nothing material has been concealed therefore and misleading material included therein. Place: Guwahati Date _________

Deponent

By order of the Commission

Secretary of the Commission

Petition for Approval of ARR and Revision of Tariff for FY 2006-07

Assam State Electricity Board

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TABLE OF CONTENTS

T1: Legal and Regulatory Framework.......................................................................................... 10

T2: Annual Revenue Requirement for FY 2006-07...................................................................... 10

Plant Wise Power Procurement and Power Purchase Costs for FY 2006-07 ................................. 11

APGCL Availability ....................................................................................................................... 11

Fixed and Variable Cost.................................................................................................................. 11

NEEPCO Availability ..................................................................................................................... 12

Fixed and Variable Cost – NEEPCO Hydroelectric Stations ......................................................... 13

NHPC Availability for FY 2006-07................................................................................................ 15

Fixed and Variable Cost - NHPC.................................................................................................... 15

DLF Availability for FY 2006-07................................................................................................... 15

Fixed and Variable Cost - DLF....................................................................................................... 15

Power Procurement from Other Sources for FY 2006-07............................................................... 16

Power Purchase cost – Other Components for FY 2006-07 ........................................................... 18

Cost of Loss in PGCIL Network..................................................................................................... 18

PGCIL Transmission Charges for FY 2006-07 .............................................................................. 18

NERLDC Charges for FY 2006-07................................................................................................. 19

Rebate on Timely Payment for FY 2006-07 ................................................................................... 19

Wheeling Charges paid to AEGCL (Transmission Company) for FY 2006-07 ............................. 19

Employee Expenses for FY 2006-07 .............................................................................................. 19

Administrative and General Expenses for FY 2006-07 .................................................................. 19

Carry Forward Losses from FY 2005-06 to FY 2006-07................................................................ 19

Additional Power Purchase requirement for 2005-06..................................................................... 20

Terminal Liabilities for FY 2006-07............................................................................................... 21

Other Income .................................................................................................................................. 22

Income from Trading ...................................................................................................................... 22

Government of Assam Support for FY 2006-07............................................................................. 23

T3: Summary Annual Revenue Requirement for The Ensuing Year ........................................... 23

T4: Proposal for Bulk Supply Tariff ............................................................................................. 23

Proposed Fuel Adjustment Surcharge and Import Adjustment Surcharge clauses ............................. 24

Fuel Adjustment Surcharge (FAS) clause (for ASEB)........................................................................ 24

Import Adjustment Surcharge (IAS) Clause (ASEB) ......................................................................... 27

T5: Annual Statement of Accounts for FY 2004-05..................................................................... 28



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LIST OF ANNEXURES

Annexure I: Government of Assam::Notification ............................................................................... 29

Annexure II: ASEB Trading Licence .................................................................................................. 39

Annexure III: Chairman ASEB’s Letter to GOA................................................................................ 40

Annexure IV: Profit and Loss Statement............................................................................................. 43

Annexure V: Other Debits................................................................................................................... 44

Annexure VI: Status of Hon’ble Commission’s formats .................................................................... 45

Annexure VII: Statement of Accounts FY 2004-05............................................................................ 46



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LIST OF TABLES

Table 1: Availability - APGCL for FY 2006-07 ......................................................................................................... 11

Table 2: Fixed Charges of APGCL Plant for FY 2006-07.......................................................................................... 12

Table 3: Variable Charges of APGCL Plant for FY 2006-07 ..................................................................................... 12

Table 4: Availability – NEEPCO Hydroelectric Power Stations for FY 2006-07 ...................................................... 13

Table 5: Availability – NEEPCO Thermal Stations for FY 2006-07.......................................................................... 13

Table 6: Details of Power Purchase – NEEPCO Hydel plants for FY 2006-07.......................................................... 14

Table 7: Details of Power Purchase – NEEPCO Thermal plants for FY 2006-07 ...................................................... 14

Table 8: Availability – Loktak HE (NHPC) for FY 2006-07...................................................................................... 15

Table 9: Details of Power Purchase – Loktak HE (NHPC) for FY 2006-07............................................................... 15

Table 10: Availability – DLF Thermal Stations for FY 2006-07................................................................................ 15

Table 11: Details of Power Purchase -DLF stations for FY 2006-07 ......................................................................... 16

Table 12: Summary of the cost of energy ................................................................................................................... 17

Table 13: Downloaded data from NERLDC web site for FY 2005-06....................................................................... 18

Table 14: Detailed computation of estimated revenue and expenditure for FY 2005-06............................................ 20

Table 15: Estimated Cash Flow Streams..................................................................................................................... 21

Table 16 : Schedule of Excess / Deficit energy to be exported / imported for FY 2006-07....................................... 22

Table 17: Proposed Annual Revenue Requirement for the Ensuing Year .................................................................. 23

Table 18: Proposed Differential Bulk Supply Tariffs for the Ensuing Year FY 2006-07........................................... 24



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Glossary Acronym Full form A&G Administrative and General ABC Aerial Bunched Conductors ABT Availability Based Tariff ADB Asian Development Bank AEGCL Assam Electricity Generating Corporation Limited AERC Assam Electricity Regulatory Commission AMR Automated Meter Reading APDRP Accelerated Power Development and Reforms Program APERC Andhra Pradesh Electricity Regulatory Commission APGCL Assam Power Grid Corporation Limited APTRANSCO Andhra Pradesh Transmission Company ARR Annual Revenue Requirement ASEB Assam State Electricity Board AT&C Aggregate Technical and Commercial BST Bulk Supply Tariff CAEDCL Central Assam Electricity Distribution Company Limited CAGR Compounded Annual Growth Rate CEO Chief Executive Officer CMRI Common Meter Reading Instrument CT/PT Current Transformer/Potential Transformer DPS Delayed Payment Surcharge DTRs Distribution Transformers EE Executive Engineer FAS Fuel Adjustment Surcharge FY Financial Year GEC Guwahati Electrical Circle GoA Government of Assam GoI Government of India GPRS General Packet Radio Service GSM Global System for Mobile Communication HHM Hand Held Machines HT High Tension HVDS High Voltage Distribution System IAS Import Adjustment Surcharge IRCA Industrial Revenue Collection Area KV Kilo Volt KVA Kilo Volt Ampere KW Kilo Watt KWH Kilo Watt Hour LAEDCL Lower Assam Electricity Distribution Company Limited LT Low Tension MCAGR Modified Compounded Annual Growth Rate MCBS Miniature Circuit Breaker MIS Management Information Systems MMSCMD Measured Million Standard Cubic Meter per day MOU Memorandum of Understanding MRI Meter Reading Instruments MU Million Unit NERLDC North East Region Load Despatch Centre



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Acronym Full form NLCPR Non-Lapsable Central Pool Reserve O/H Over Heads PGCIL Power Grid Corporation of India Limited ph Phase PIS Performance Incentive Scheme PLC Power Line Carriers PLF Plant Load Factor PMGY Prime Minister Gramudyog Yojana PSTN Public Switch Telephone Network R&M Repairs and Maintenance RE Rural Electrification MNP Minimum Needs Program RGGVY Rajiv Gandhi Grameen Vidyutikaran Yojana Rs Rupees RST Retail Supply Tariff RTU Remote Terminal Unit SBM Spot Billing Machine SC Scheduled Caste SCCP Scheduled Caste Component Plan SDE Sub-Divisional Engineer SEBs State Electricity Boards SMEC Snowy Mountains Engineering Corporation Limited ST Scheduled Tribe T&D Transmission and Distribution T.C. Transportation Cost TCS Tata Consultancy Services Limited TOU Time of Use TSP Tribal Sub-Plan UAEDCL Upper Assam Electricity Distribution Company Limited UoM Unit of Measurement US United States V Volt YOY Year-on-Year



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BEFORE THE HON’BLE ASSAM ELECTRICITY REGULATORY COMMISSION

FILING NO. ………………..

CASE NO. ………………….

IN THE MATTER OF:

A Petition for the approval of the Annual Revenue Requirement for the period for FY 2006-07 and for the approval of the proposal for Bulk Supply Tariffs for Assam State Electricity Board (ASEB)

AND

IN THE MATTER OF:

Assam State Electricity Board constituted under Section 5 of the Electricity (Supply) Act, 1948 and having its registered office in the State of Assam

THE HUMBLE APPLICANT ABOVE NAMED MOST RESPECTFULLY SHEWETH:

1 That the Assam State Electricity Board, hereinafter named as ASEB, is carrying out the function of Bulk Purchaser and Bulk Supplier as mentioned under Schedule “F” of the Assam Electricity Reforms First Transfer Scheme, 2004 (here in after named as the “Transfer Scheme”) notified by Government of Assam on 10th December 2004.

2 That the ASEB is a deemed licensee under the provisions laid down in Section 14 Proviso 5, read with Section 131 (2) of the Electricity Act 2003.

3 That the licensee is now filing the petition for the approval of its Annual Revenue Requirement for the financial year 2006-2007 and proposal for the Bulk Supply Tariff.

4 Government of Assam vide notification no. PEL,151/2003/Pt/349 dated 16th August, 2005 (Annexure I) issued orders to give effect to the reorganization of the Assam State Electricity Board and the finalization of the provisional transfers effected as per the provisions of the Electricity Act, 2003 and the Transfer Scheme.

(a) The balance sheet as provided in Schedule VI to this order shall be the residual opening sheet of Assam State Electricity Board as on 1st April 2005 after giving effect to the opening balance sheets of Assam Power Generating Corporation Limited, Assam Electricity Grid Corporation Limited, Upper Assam Electricity Distribution Company Limited, Central Assam Electricity Distribution Company Limited and Lower Assam Electricity Distribution Company Limited as on 1st April 2005.

(b) The Government of Assam shall pass separate orders in terms of the Transfer Scheme in regard to the transfer and absorption of personnel of Assam State Electricity Board in the five Companies, namely: Assam Power Generating Corporation Limited, Assam Electricity Grid Corporation Limited, Upper Assam Electricity Distribution Company Limited, Central Assam Electricity Distribution Company Limited and Lower Assam Electricity Distribution Company Limited.

(PETITIONER)



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NOTES:

In this petition:

Previous Year is defined as the Financial Year (FY) 2004-2005

Current Year is defined as the Financial Year (FY) 2005-2006

Ensuing Year is defined as the Financial Year (FY) 2006-2007



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T1: Legal and Regulatory Framework

1.1 Under the provisions of the Electricity Act, 2003 the Assam Electricity Reforms First Transfer Scheme, 2004 (hereafter “Transfer Scheme”) was notified by Government of Assam on 10th December 2004. As per Schedule “F” of the Transfer Scheme the bulk purchase and bulk supply functions, namely, purchase of electricity in bulk from the generating companies including Assam Power Generating Corporation Limited (APGCL) and supply of electricity in bulk to the Distribution companies (LAEDCL, CAEDCL and UAEDCL) is with the ASEB.

1.2 Govt. of Assam, vide notification no. PEL.133/2003/363 dated 29th November 2005, has authorized Assam State Electricity Board (ASEB) to continue as a trading licensee for a period up to 9th June 2006. (Annexure II)

1.3 Section 62 of the Electricity Act 2003 requires the licensee to furnish details as may be specified by the Commission for determination of tariff.

1.4 Section 7 of A. E. R. C. (Terms and conditions for determination of Tariff) Regulations 2005 lays down the following:

The licensee and generating company may file a tariff petition annually with the Commission to determine changes to the current tariff by not later than 1st December unless an extension is granted by the Commission upon application.

In the tariff petition, the licensee and generating company shall submit information for the purpose of calculating expected revenue and expenditure and for furnishing information for tariff determination in formats that will be issued separately by the Commission

The tariff petition shall be accompanied by financial and performance information in forms specified by the Commission for the previous year/years, current year and the ensuing year. The information for the previous year should be based on audited accounts and in case audited accounts for previous year are not available, audited accounts for the latest proceeding previous year should also be filed along with unaudited accounts for all the succeeding year.

If a person holds more than one licensee and /or is deemed to be licensee for more than one area of distribution or transmission, he shall submit separate petitions in respect of each licensee or area of transmission or distribution.

1.5 The petitioner has now prepared the petition for the approval of its annual revenue requirement for FY 2006-07 and its proposal for Bulk Supply Tariff and submits the same to AERC.

T2: Annual Revenue Requirement for FY 2006-07

2.1 ASEB is expected to carry out the function of Bulk Purchase and Supply, i.e., purchase of electricity from various generating sources including APGCL and supply of electricity in bulk to the distribution companies. The Bulk Supply Tariff (BST) at which ASEB will supply power to distribution companies will be determined by the Commission, based on the approved Annual Revenue Requirement (ARR) of ASEB. In its function as a Bulk Supplier, ASEB does not propose any trading margin or return, i.e., all revenues from the power traded to other states/utilities/licensees, all set off against the gross revenue requirement for ASEB, and ASEB has not claimed any component of reasonable return as part of its proposed ARR.

2.2 The projected elements of the ARR for the Ensuing Year FY 2006-07 and hence the estimated Bulk Supply Tariff are explained in the following sections.



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Plant Wise Power Procurement and Power Purchase Costs for FY 2006-07

2.3 As per the Annual Revenue Requirement of the distribution companies, their total sales work out to be 2,355 MU for FY 2006-07. After accounting for distribution losses (28.50% on a weighted average basis) the total energy required at the Distribution Grid and to be purchased from ASEB by the Distribution companies is 3,293 MU for FY 2006-07. The transmission loss benchmark set for the transmission company is 7.50%. Hence, the energy required to meet the demand of the three distribution companies at an overall loss level of 33.86% in the Assam’s T&D system is 3,561 MU.

2.4 It has adopted the following methodology for estimating the power purchase cost:

(a) ASEB Trader has estimated monthly availability of power purchase from various sources of power namely, APGCL, NEEPCO, NHPC, DLF and MeSEB.

(b) In case there is a surplus / deficit in any month, the excess / shortfall in the energy requirement has been considered to be sold to / purchased from various power traders after following procedures laid down by the Commission.

APGCL Availability

2.5 ASEB Trader has adopted the availability figures as made available to it directly by APGCL, which indicate that the company is in a position to supply 952 MU (net of auxiliary consumption) FY 2006-07.

Table 1: Energy Availability - APGCL for FY 2006-07

Sl. No. Plant Capacity

(MW) Plant Load

Factor Gross

Generation (MU)

Auxiliary Consumption

Net Generation

(MU)

1 Namrup 133.5 47.89% 560 4.80% 5332 Lakwa 120.0 42.81% 450 6.90% 4193 Total 253.5 45.48% 1010 5.74% 952

Fixed and Variable Cost

2.6 The licensee has calculated the fixed and variable costs in terms of the guidelines of the Hon’ble Commission outlined in its Tariff Order for FY 2005-06.

2.7 The fixed charges for APGCL are estimated to be Rs 86.21 crores for FY 2006-07. This figure is net of miscellaneous income that is forecast to be earned during the year FY 2006-07 and without considering any return on equity. Return on equity has not been considered keeping in mind the AERC directive issued through its tariff order for FY 2005-06 - vide paragraph 6.29 in which it was stated that “Because of the poor performance of the ASEB in FY 2004-05, the Commission is not allowing any return on equity in FY 2005-06 by applying a zero return on equity rate.”

As APGCL is now a separate company and accountable for its generation and financial viability, the Hon’ble Commission is requested to review its stand. APGCL is in the process of implementing various programmes to improve its performance such as:

(a) Negotiating additional supply of gas to increase generation at Lakwa

(b) Carrying out repair & maintenance works at Namrup.

The benefits of the aforesaid programmes and more have already been reflected in higher



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generation figures in respect of Namrup and Lakwa Thermal Power Stations. It is therefore, prayed to the Hon’ble Commission that Return on Equity be granted @ 14% on the equity capital for FY 2006-07 keeping in view the age and difficult circumstances that the existing power stations of APGCL have to be operated in.

The following table shows the detailed break-up of the various components of the APGCL costs for FY 2006-07:

Table 2: Fixed Charges of APGCL Plant for FY 2006-07

(Rs. crores) Components of Fixed Costs Amount

Interest 29.98

Depreciation 25.20

Interest on Working Capital 2.02

Employees Cost 36.11

Repairs & Maintenance expenses 8.35

Administrative & General expenses 2.76

Return on Equity Nil

Less: Miscellaneous income 1.11

TOTAL 103.31

Less: Expenses capitalised 17.10

Net chargeable to revenue 86.21

2.8 The variable cost is calculated for the two plants assuming the currently prevailing parameters, which are given in the following table. The total variable cost for Namrup (NTPS) and Lakwa (LTPS) is computed to be Rs. 108.71 crores. Hence, the total power purchase from APGCL plant by ASEB is Rs. 194.92 crores.

Table 3: Variable Charges of APGCL Plant for FY 2006-07

Sl. No. Plant

Plant Load

Factor

Station Heat Rate KCal/kWh)

Auxiliary Consumption

Calorific Value of

Fuel Fuel Cost

(KCal/SCM) P/kWh sent out

1 Namrup 47.89% 3450 4.80% 8500 99.28

2 Lakwa 42.81% 3746 6.90% 8674 (wtd. avg.) 133.15

3 Total 45.48% 3582 5.74% 8580 114.18

NEEPCO Availability

2.9 The availability of NEEPCO Hydroelectric plants has been estimated based on their design energy. In addition to the allocated shares, Assam is also availing 6% of the design energy as free energy from Kopili and Khandong Hydroelectric power stations.

While computing the estimated quantum of energy that is likely to be made available to ASEB system from the hydroelectric power stations of NEEPCO, the following considerations have been taken:



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(a) 12% of the net energy generated by each of the stations will not be available for sale as primary energy. It shall be due to the home state(s) as free allocation where the power station is located

(b) The actual energy generated is estimated to vary from the design energy on account of hydrological fluctuations viz. extent and timing of rainfall. This variance from the design energy has been estimated on a monthly basis, based on actual figures observed over the recent past.

The plant wise availability and corresponding shares of ASEB are shown in the following table:

Table 4: Availability – NEEPCO Hydroelectric Power Stations for FY 2006-07

Sl. No. Plant

Design Energy

(MU) Auxiliary

Consumption

Saleable Primary

Energy - net (MU)

ASEB Share

ASEB Share (MU)

ASEB share adjusted for hydrological fluctuations

(MU)

1 Doyong 227 0.5% 199 40.22% 90 59

2 Kopili-1 970 0.5% 849 43.83% 423 425

3 Kopili-1 (Free share) 6.00% 58 58

4 Khandong 278 0.5% 243 46.67% 129 91

5 Khandong (Free Share) 6.00% 17 17

6 Ranganadi 1510 0.5% 1322 39.75% 597 539

7 Kopili-2 86 0.5% 76 44.00% 38 33

8 Kopili-2 (Free share) 5 5

9 Total 3071 0.5% 2689 1357 1227

2.10 The availability of NEEPCO gas based thermal plants has been estimated based on Plant Load Factor of 85% for both Assam Gas Based Power Plant (Kathalguri) and Agartala Gas-based Thermal Power Plant (Agartala). It will be observed that the projected energy that is likely to be imported from AGBPP and AGTPP varies from that computed by multiplying the plant capacity by the normative Plant Load Factor due to the forecasted incapacity of these power stations to run at full load throughout the year. This assumption is validated by the actual generation pattern observed during the year 2005-06 till date.

Table 5: Availability – NEEPCO Thermal Stations for FY 2006-07


(MW) Auxiliary

Consumption

Plant Load

Factor

Energy Available

(MU) ASEB Share

ASEB Share (MU)

ASEB Share

adjusted for plant

availability1 AGBPP 291 3.00% 85% 2102 52.85% 1111 917

2 AGTPP 84 1.00% 85% 619 41.80% 259 246

3 Total 375 2.55% 85% 2721 50.37% 1370 1163

Fixed and Variable Cost – NEEPCO Hydroelectric Stations

2.11 The tariffs for the NEEPCO hydroelectric stations are based on norms and rates determined



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in the CERC Order. Accordingly, the charges for energy imported from NEEPCO’s hydroelectric plants have been computed as follows:

(a) Fixed costs shall be computed as below:

total fixed cost Fixed costs = (100% - 12% being the free energy that will be supplied to the home state(s) free of charge)

x ASEB non-free Share

(b) Energy charge shall be Nil as long as the actual generation does not exceed the design energy

(c) If the energy generated exceeds the design energy, then the energy charge applicable in respect of the excess energy generated shall be equal to 90% of the lowest variable cost of Central sector thermal power generation in the North Eastern region.

Table 6: Details of Power Purchase – NEEPCO Hydel plants for FY 2006-07

Sl. No. Plant

Annual Fixed

Charges (Rs

crores)

Variable Cost

(Paise/kWh) Purchase

MU

Fixed Charge ASEB

Share (Rs crores)

Variable Charge ASEB Share

(Rs crores)

Total charge ASEB Share

(Rs crores)

1 Doyong 52.08 Nil 59 20.95 Nil 20.95

2 Kopili-1 64.69 Nil 425 28.36 Nil 28.36

3 Kopili-1 (Free Share)

Nil Nil 58 Nil Nil Nil

4 Khandong 19.18 Nil 91 8.95 Nil 8.95

5 Khandong (Free Share)


6 Ranganadi 230.14 Nil 539 91.49 Nil 91.49

7 Kopili-2 19.19 Nil 33 7.29 Nil 7.29

8 Kopili-2 (Free share)


9 Total 385.28 Nil 1227 157.04 Nil 157.04

Table 7: Details of Power Purchase – NEEPCO Thermal plants for FY 2006-07

Sl. No. Plant

Annual Fixed

Charges (Rs

crores)

Variable Cost


(MU)

Fixed Charges

ASEB Share

(Rs crores)

Variable Charges

ASEB Share

(Rs crores)

Total Charge ASEB Share

(Rs crores)

1 AGBPP 268.15 42.96 917 141.72 39.41 181.13

2 AGTPP 53.01 88.53 246 22.16 21.82 43.98

3 Total 321.16 52.60 1163 163.88 61.23 225.11



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NHPC Availability for FY 2006-07

2.12 The energy availability from the Loktak HE project has been estimated based on its design energy.

Table 8: Availability – Loktak HE (NHPC) for FY 2006-07

Sl. No. Plant

Design Energy

(MU) Auxiliary

Consumption

Saleable Primary Energy

(MU)

ASEB Share

ASEB Share (MU)

ASEB share adjusted for hydrological fluctuations

(MU)

1 Loktak HE 448 0.5% 392 25.97% 116 116

Fixed and Variable Cost - NHPC

2.13 ASEB has estimated the fixed and variable costs as allowed in the CERC order.

Table 9: Details of Power Purchase – Loktak HE (NHPC) for FY 2006-07

Sl. No. Plant

Annual Fixed

Charges (Rs

crores)

Variable Cost

(Paise/kWh)Purchase

(MU)

Fixed Charges

ASEB Share

(Rs crores)

Variable Charges

ASEB Share

(Rs crores)


(Rs crores)

1 Loktak HE 45.70 Nil 116 11.87 Nil 11.87

DLF Availability for FY 2006-07

2.14 DLF has a 9 MW combined cycle plant at Adamtilla and the 15.5 MW combined cycle plant at Banskandi Barak Valley. ASEB is committed to purchase the entire generation out of these two plants under power purchase agreement.

Table 10: Availability – DLF Thermal Stations for FY 2006-07


(MW) Auxiliary

Consumption

Plant Load

Factor

Net Energy

Available (MU)

ASEB Share

ASEB Share (MU)

1 Adamtilla 9.0 3.0% 55.00% 42 100% 42

2 Banskandi 15.5 3.0% 60.00% 79 100% 79

3 Total 24.5 3.0% 58.16% 121 100% 121

Fixed and Variable Cost - DLF

2.15 ASEB has estimated the fixed and variable charges as per the Power Purchase Agreement (PPA) between DLF and ASEB. However, as the projected Plant Load Factors for both Adamtilla and Banskandi are lower than the normative levels, the recovery of Fixed costs have been reduced proportionately viz.

Projected PLF Fixed cost recovery = Full fixed cost x Normative PLF



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Table 11: Details of Power Purchase -DLF stations for FY 2006-07

Sl. No. Plant

Annual Fixed

Charges (Rs

crores)

Variable Cost


(MU)

Fixed Charges ASEB’s Share

(Rs crores)

Variable Charges

ASEB Share

(Rs crores)


(Rs crores)

1 Adamtilla 6.55 69.70 42 6.55 2.93 9.49

2 Banskandi 12.50 65.80 79 12.50 5.20 17.70

3 Total 19.05 67.15 121 19.05 8.13 27.19

Power Procurement from Other Sources for FY 2006-07

2.16 Apart from procurement of energy by ASEB from APGCL, NEEPCO, NHPC and DLF as discussed above, it will purchase a further 229 MU from MeSEB and traders to meet its energy requirement.

2.17 As per the power procurement plan proposed, ASEB proposes to procure 8 MU from MeSEB at a total cost of Rs. 2.40 crores in FY 2006-07.

2.18 During the months of April, June, September and October to February, the availability of energy is expected to be less than the total demand. The estimated deficit for these months is 221 MU. The cost for buying this energy from traders is estimated to be Rs 78.89 crores @ Rs 3.92 per kWh for import during peak hours and @ Rs 3.45 per kWh during the rest of the day. These rates are in line with the estimated rates (based on offers received) in respect of energy proposed to be imported from various traders by ASEB as well as those quoted by prospective suppliers.

ASEB estimates an export of 140 MU during FY 2006-07. The surplus months are expected to be May, July and August in 2006 and March in 2007.

A summary of the cost of energy that is likely to be purchased by ASEB from the various power supply agencies is furnished in the following table:



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Table 12: Summary of cost of energy purchased

Form-D1/AT1/T1

Fixed charges

Variable charges

Total

1 NEEPCO (Doyong) 58.80 20.95 - - - - - - 20.95 - 20.95 356.222 NEEPCO (Kopili-I Paid) 425.39 28.36 - - - - - - 28.36 - 28.36 66.663 NEEPCO (Kopili-I Free) 57.90 - - - - - - - - - 0.00 - 4 NEEPCO (Kopili-I Paid) 32.82 7.29 - - - - - - 7.29 - 7.29 222.22 5 NEEPCO (Kopili-I Free) 5.15 - - - - - - - - - 0.00 - 6 NEEPCO (Khandong-I Paid) 90.97 8.95 - - - - - - 8.95 - 8.95 98.41 7 NEEPCO (Khandong-I Free) 16.58 - - - - - - - - - 0.00 - 8 NEEPCO (Ranganadi-I Paid) 539.49 91.48 - - - - - - 91.48 - 91.48 169.57 9 Assam Gas Based Power Plant 917.34 141.72 42.96 - - - - 42.96 141.72 39.41 181.13 197.45

10 Agartala Gas based Thermal Power Plant 246.41 22.16 88.53 - - - - 88.53 22.16 21.82 43.97 178.45 11 NHPC (Loktak) 116.35 11.87 - - - - - - 11.87 - 11.87 102.02 12 DLF (Adamtilla) 42.06 6.55 69.70 - - - - 69.70 6.55 2.93 9.49 225.51 13 DLF (Banskandi) 79.02 12.50 65.80 - - - - 65.80 12.50 5.20 17.70 223.99 14 Meghalaya State Electricity Board 8.00 - 300.00 - - - - 300.00 - 2.40 2.40 300.00 15 Trading Import (Peak Hours) 55.28 - 392.00 - - - - 392.00 - 21.67 21.67 392.00 16 Trading Import (Non-Peak Hours) 165.85 - 345.00 - - - - 345.00 - 57.22 57.22 345.00 17 Trading Export (Peak Hours) 0.00 - 262.64 - - - - 262.64 - - 0.00 - 18 Trading Export (Non-Peak Hours) -139.62 - 262.64 - - - - 262.64 - (36.67) (36.67) 262.64

TOTAL 2717.80 351.83 41.94 41.94 351.83 113.98 465.80 171.39

ASEB Trader

Variable charge

Fuel escalation

charge

Any Other Charges

Fixed Charges per annum (Rs

Crores)

Average rate (Paise/kwh)

Cost of Purchased Power: 2006-07

Incentive payment

Wheeling charge

Source (Allocated Generator/ Injection Points)

Total Cost of Power at each interface point. (Rs Crores)

Variable charge (Paise/kwh)Sl No

Units purchased

(M.U.)Total

variable charge



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Power Purchase cost – Other Components for FY 2006-07

Cost of Loss in PGCIL Network

2.19 From data downloaded from NERLDC website, it is observed that, an estimated transmission loss in Central Transmission Network of NER varies widely from day to day. For example during 2004-05 it varies from 3.67% during few days of October’04 to 6.83% during few days of January’05. Also during current financial year i.e. 2005-06 it varies from 3.72% during few days of November’05 to 6.08% during November’05 itself.

Since the transmission loss in the Central Transmission Network is a major component considered by the State Regulatory Commission for determination of receipt of energy from the Central Sector Generating Stations to ASEB bus vis-à-vis retail tariff, an average transmission loss of 4% has been assumed in respect of all energy that is likely to be imported through the PGCIL network as compared to the figure of 3.8% permitted by the Hon’ble Commission in its Tariff Order for FY 2005-06. However, it is prayed to the Hon’ble Commission to allow a loss which is commensurate with the present trends as ASEB should not be penalised for the losses which are beyond its control. In this connection, it needs to be mentioned that the current level of transmission losses reported by PGCIL is significantly higher at around 4.6%.

The data sheets as compiled by downloading data from NERLDC web site for the year 2005-06 are furnished in the following table:

Table 13: Downloaded data from NERLDC web site for FY 2005-06

Month Days 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Apr-05 Tr Loss 5.12 5.12 5.12 5.00 5.00 5.00 5.00 5.00 5.00 5.00 4.70 4.70 4.70 4.70 4.70 May-05 Tr Loss 5.00 4.64 4.64 4.64 4.64 4.64 4.64 4.64 4.92 4.92 4.92 4.92 4.92 4.92 4.92 Jun-05 Tr Loss 4.83 4.83 4.83 4.83 4.83 4.50 4.50 4.64 4.50 4.50 4.50 4.50 4.44 4.44 4.44 Jul-05 Tr Loss 4.75 4.75 4.75 5.51 5.51 5.51 5.51 5.51 5.51 5.51 4.80 4.80 4.80 4.80 4.80 Aug-05 Tr Loss 5.38 5.38 5.38 5.38 5.38 5.38 5.38 5.42 5.42 5.42 5.42 5.42 5.42 5.42 5.95 Sep-05 Tr Loss 5.63 5.63 5.63 5.63 5.45 5.45 5.45 5.45 5.45 5.45 5.45 4.94 4.94 4.94 4.94 Oct-05 Tr Loss 5.53 5.53 5.76 5.76 5.76 5.76 5.76 5.76 5.76 5.15 5.15 5.15 5.15 5.15 5.15 Nov-05 Tr Loss 6.08 6.08 6.08 6.08 6.08 6.08 3.72 3.72 3.72 3.72 3.72 3.72 3.72

Month Days 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Apr-05 Tr Loss 4.70 4.70 4.70 4.70 4.70 4.70 4.70 4.70 4.70 5.00 5.00 5.00 5.00 5.00 5.00 May-05 Tr Loss 4.16 4.16 4.16 4.16 4.16 4.16 4.16 4.53 4.53 4.53 4.53 4.53 4.53 4.53 4.83 Jun-05 Tr Loss 4.44 4.44 4.44 4.44 4.44 4.44 4.44 4.44 4.44 4.44 4.44 4.75 4.75 4.75 4.75 Jul-05 Tr Loss 4.80 4.80 3.78 3.78 3.78 3.78 3.78 3.78 3.78 4.35 4.35 4.35 4.35 4.35 4.35 Aug-05 Tr Loss 5.95 5.95 5.95 5.95 5.95 5.95 5.35 5.35 5.35 5.35 5.35 5.35 5.35 5.63 5.63 Sep-05 Tr Loss 4.94 4.94 4.94 4.83 4.83 4.83 4.83 4.83 4.83 4.83 5.53 5.53 5.53 5.53 5.53 Oct-05 Tr Loss 5.15 5.24 5.24 5.24 5.24 5.24 5.24 5.24 5.28 5.28 5.28 5.28 5.28 5.28 5.28

PGCIL Transmission Charges for FY 2006-07

2.20 The licensee has to pay a transmission charge to PGCIL @ Rs. 0.35 per unit for power purchased from NEEPCO and NHPC stations. The total transmission cost based on the estimated power purchase from these stations works out to be Rs. 95.49 crores.



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NERLDC Charges for FY 2006-07

2.21 The NERLDC charges are estimated to be Rs 1.60 crores for the Ensuing Year.

Rebate on Timely Payment for FY 2006-07

2.22 The licensee is entitled to a rebate of 2% on the timely payment to central generating stations. The rebate for the Ensuing Year is estimated to be Rs 10.00 crores.

Wheeling Charges paid to AEGCL (Transmission Company) for FY 2006-07

2.23 As per the Annual Revenue Requirement of AEGCL, the State Transmission Utility, the total ARR for the Ensuing Year is Rs 49.82 crores. The ARR of transmission licensee is expected to be recovered from the bulk supply tariff at which the ASEB will sell power to Distribution companies.

Employee Expenses for FY 2006-07

2.24 The First Transfer Scheme envisages the transfer of all employees of the erstwhile ASEB to the new successor companies, except a very few, which would carry out the functions for the ASEB in the transition period. It will be carrying out the function of trading with minimal staff in the transition period. The expenses of these employees of ASEB are projected to be Rs 1.30 crores for the Ensuing Year, in line with the projected figure for the previous year.

Administrative and General Expenses for FY 2006-07

2.25 In its function as a Bulk supplier and purchaser ASEB will be incurring Administrative and General (A&G) Expenses. The A&G expenses of ASEB are projected to be Rs 0.85 crores for the Ensuing Year.

Carry Forward Losses from FY 2005-06 to FY 2006-07

2.26 Based on the projected sales, generation and energy import as well as fixed and other operational costs for the year 2005-06, as well as the tariff that was in force during that year, it is expected that there will be a loss of Rs 45.14 crores – even without considering any return on the equity capital employed. In order that the financial viability of ASEB and its successor companies is not jeopardized, it is proposed to carry forward this loss to FY 2006-07 for recovery through the tariff that is proposed to be made effective for that year.

The detailed computation of the estimated revenue shortfall that is likely to be incurred for FY 2005-06 is shown in Table 14:



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Table 14: Detailed computation of estimated revenue and expenditure for FY 2005-06

(Rs crores)

Estimated Revenue / Expenditure Item AERC Approved

Figures Revised

Estimates

Revenue from sale of Electricity for 2005-06 961.42 967.87 Miscellaneous Income 57.01 57.01

Income from trading (UI) - 25.00

Total Income 1018.43 1049.88

Power Purchase Cost for 2005-06 (Net) 353.62 417.65

Transmission Cost (including PGCIL & NERLDC charges) 97.92 94.44

Depreciation 35.30 35.30

Interest & finance charges 74.75 81.61

Fuel cost 75.13 86.98

Employee costs 300.39 306.62

Repairs & Maintenance 28.62 28.62

Administrative & General expenses 14.85 20.03

Provision for doubtful debts 24.65 24.20

Interest on Security Deposit 4.72 4.72

Special Charge for terminal benefits 25.39 24.69

Development Surcharge 30.00 29.17

FY 2004-05 Loss c/f 2.09 -

Less: Rebate on power purchased - -10.00

Less: Government of Assam support - 49.00 -49.00

Total Expenditure 1018.43 1095.02

Shortfall for FY 2005-06 - 45.14

Additional Power Purchase requirement for 2005-06

2.27 During the winter months, generation from the hydro stations of the north eastern region goes down drastically. In the absence of any base load power station to support the power shortfall, there is no recourse other than to make further purchase of power from the power traders. During the period of November 2005 to March 2006, an acute power shortfall is foreseen and hence commensurate power purchase arrangements have been made to take care of this acute shortfall. The Hon’ble Commission had allowed Rs 34.16 crores for power purchase from power traders vide its Tariff Order for FY 2005-06. As against this, the revised estimated ARR for FY 2005-06 as given in Table 14 above, incorporates a power purchase cost impact of Rs 55.10 crores for purchase of power from power traders.

The Principal Secretary, Power (Elect) M&M Dept, Government of Assam, has been requested vide Chairman ASEB’s letter no ASEB. ACT/FIN/6/2005/3 dated 10/12/2005 for cash support for purchase of additional power as forecasted in the above letter. As mentioned in the letter, the MOS(I), Power has assured the State Government’s financial support to meet this additional power cost. A copy of the letter together with the details of forecasted power purchase requirement has been attached as Annexure III.



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It is prayed to the Hon’ble Commission that in case there is any shortfall in fund support by the Government of Assam to meet the additional power purchase liability, then the same may be allowed to be recovered by the utility through tariff.

Terminal Liabilities for FY 2006-07

2.28 The Government of Assam vide notification no.PEL.190/2004/69 dated 4th February 2005 notified the plan for funding Terminal Benefit of ASEB Employees. The actuarial valuation for current value of liability for ASEB Employees was carried out on 9th December 2004 to determine the following:

(a) Quantum of Assets required as on the valuation date,

(b) Annual future rate of contribution, as a percentage of payroll, to pay for the gratuity and pension benefits,

(c) Total projected cash flow over the next 20 years period

2.29 The net present value of ASEB past unfunded Terminal Benefits as on 9th December 2004 has been estimated as Rs. 2,169.00 Crores.

2.30 In addition to this, actuarial studies have estimated that the contribution to be made by new companies for meeting the liabilities arising out of future services rendered by the existing employees after transfer date would need to be made @ 22.79% of the Basic plus DA every month of the existing employees till they retire.

2.31 Actuarial studies have also estimated the cash outflows for Terminal Benefits for past services for FY 2006-07 as Rs. 101.70 Crores.

2.32 In the Tariff Order for FY 2005-06, the Commission had allowed a total amount of Rs. 25.39 Crores which is now Rs. 24.69 Crores (due to variation in sales volume) as estimated for FY 2005-06 against a proposal of Rs. 60.56 Crores in the ASEB Petition. The balance shortfall amount of Rs. 35.87 Crores is required to be supported by the Government of Assam.

2.33 The estimated cash outflow towards past unfunded liabilities of existing employees, existing pensioners and existing family pensioners will be generated through the streams as shown in the following table:

Table 15: Estimated Cash Flow Streams

(Rs. Crores) Sl

No. Particulars Cash Flows for

2006-07

1 Interest @ 8% on Rs. 88.70 Crores (ASEB pension and CPF) 7.10

2 Electricity Duty @ 5 paise/unit on 2355 MU 11.78

3 Special charge on BST @ 20 paise/unit on 3294 MU 65.87

Budgetary support from Government of Assam to meet shortfall during FY 2006-07 16.95

4

Sub-total 101.70

5 Budgetary support from Government of Assam to meet shortfall during FY 2005-06 35.87



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2.34 From the above table it transpires that the total budgetary support required from the Government of Assam for FY 2006-07 amounts to Rs. 52.82 Crores. In case the Commission allows special charge on BST at less than 20 paise/unit, the deficit will be required to be borne through budgetary support from Government of Assam. In this context the Hon’ble Commission is requested to kindly consider the budgetary support to be received from Government of Assam.

2.35 In pursuance of Board Resolution No. 18 dated 11-04-05, Chairman, ASEB has constituted the “Board of Trustees of ASEB Employees’ Pension Fund Investment Trust” with 11 Trustees including Chairman ASEB/successor companies as President of the Trust. AEGCL shall act as nodal agency for dealing with all matters relating to pension. Head of Finance, AEGCL shall be the Member and Chief Executive and shall have the authority for all operational activities of the Trust.

In a meeting held on 03-11-05 with Member (Finance), discussions on the following issues have taken place:

1. Drawal of monthly pension and family pension by the existing pensioners and family pensioners who were drawing their pension from consolidated Board.

2. Procedure for payment of pension and setting up of Pension Cell under Finance wing of each successor company to administer and monitor the benefits of operation at the company’s end.

3. Recovery of administrative cost from successor companies.

4. Plan for funding terminal benefits.

5. Creation of GPF trust fund.

Actions are being undertaken on the above issues.

Other Income

Income from Trading

2.36 The monthly availability and the requirement for the state is shown in the table below:

Table 16 : Schedule of Excess / Deficit energy to be exported / imported for FY 2006-07

(All figures are in MU)

Particulars Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Total

Availability 252 291 296 377 398 300 315 255 281 279 263 281 3588

ASEB Requirement 275 285 310 326 323 348 333 325 316 284 273 273 3670

Excess energy available for export through trading

- 6 - 51 75 - - - - - - 8 140

Deficit energy to be imported through trading

23 - 13 - - 47 18 70 36 5 10 - 221

2.37 ASEB estimates that it has an excess of 140 MU for trading during the Ensuing Year FY 2006-07 and a deficit of 221 MU during FY 2006-07 as shown in the table above.

2.38 It is projected the excess power can be sold at a rate of Rs. 2.48 per kWh giving revenues of Rs 34.62 crores for the Ensuing Year.



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Government of Assam Support for FY 2006-07

2.39 No financial support has been assumed to be forthcoming from the Government of Assam. However, it is assumed that in the interests of the socio-economically challenged sections of the society, it will provide the necessary support as and when and to the extent required so that the very existence of ASEB and its successor companies is not endangered.

2.40 In this connection, ASEB would like to make special mention of the issue of terminal benefits. It is expected that the Government of Assam will make good any deficit that may arise due to inadequate provisions for this purpose made through successive tariff revision exercise. The deficit will be computed in terms of the Government of Assam’s order No. PEL-190/2004/69 dated 4 February 2005.

T3: Summary Annual Revenue Requirement for The Ensuing Year

3.1 The following table summaries the itemized break-up of the Annual Revenue Requirement of ASEB proposed to be recovered for the Ensuing Year FY 2006-07 in this petition.

Table 17: Proposed Annual Revenue Requirement for the Ensuing Year

(Rs. crores) ARR Element Amount

Power Purchase Cost from external agencies – gross 500.42

Power purchase from APGCL 194.92

Employee Expenses 1.30

Administrative and General Expenses 0.85

Interest on Working Capital 10.33

PGCIL Charges 95.49

NERLDC Charges 1.60

Wheeling Charges Payable to AEGCL 49.82

Development Surcharge 31.91

Carry Forward Losses in respect of FY 2006-07 45.14

Special Charge on Bulk Supply Tariff for Terminal Liabilities 65.87

Total Expenditure 997.65

Less: Other Income: Income from Trading 34.62

: Income from Unscheduled Interchange 25.00

Less: Government of Assam support Nil

Less: Rebate on Power Purchase 10.00

Net Annual Revenue Requirement 928.03

T4: Proposal for Bulk Supply Tariff

4.1 The licensee proposes to recover its entire annual revenue requirement through charges from the three Distribution companies and proposes its bulk supply tariff on a full-cost recovery principle.



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4.2 The licensee proposes to recover its entire net Annual Revenue Requirement for the Ensuing Year FY 2006-07 of Rs 928.03 crores. The licensee proposes to supply a total of 3561 MU to the three Distribution companies for the Ensuing Year FY 2006-07 based on the individual energy requirement of the Distribution companies as per their petition for approval of Annual Revenue Requirement for FY 2006-07, at an average Bulk Supply Tariff of Rs. 2.82 per kWh.

4.3 It is envisaged that during the transition period, the retail tariffs across the three Distribution companies would be maintained at a uniform level, i.e., similar category of consumers across the three Distribution companies would pay identical charges. However, there are variations in the cost structures, sales mix and consumer mix of the three Distribution companies. This will lead to different revenue realisation figures and expenditure implications leading to different Annual Revenue Requirements for the three Distribution companies.

4.4 In order to enable the implementation of the above philosophy of uniform retail tariffs for the same category of consumers across the state of Assam, the licensee proposed to charge separate Bulk Supply Tariffs to each Distribution company based on the capacity of the Distribution companies to pay to ASEB for the power purchased, after meeting all revenue expenses (including Reasonable Return–which has not been claimed for FY 2006-07 due to reasons explained earlier). Based on this rationale and the Annual Revenue Requirements of the Distribution companies, the licensee proposes the following differential Bulk Supply Tariff rates for the three Distribution companies for the Ensuing Year i.e. FY 2006-07:

Table 18: Proposed Differential Bulk Supply Tariffs for the Ensuing Year FY 2006-07

Distribution company Proposed BST (Paise/ KWh)

Lower Assam Electricity Distribution Company Limited 295

Central Assam Electricity Distribution Company Limited 240

Upper Assam Electricity Distribution Company Limited 303

Weighted Average Bulk Supply Tariff 282

Proposed Fuel Adjustment Surcharge and Import Adjustment Surcharge clauses

4.5 Fuel Adjustment Surcharge: ASEB proposes to introduce a Fuel Adjustment Surcharge with a view to protecting itself from intermittent, adverse and unforeseen increase in the cost of fuel delivered to those power stations from whom ASEB purchases energy and whose tariff is either subject to escalation through a Fuel Adjustment Surcharge clause or has a clearly defined fuel cost element embedded in it. As the cost of fuel is wholly outside the control of ASEB, it will only be logical for ASEB to logical for ASEB to be insulated from such ‘cost shocks’. The details of the proposed Fuel Adjustment Surcharge clause are furnished in the following paragraphs

Fuel Adjustment Surcharge (FAS) clause (for ASEB)

Objectives:

The cost of fuel incurred in respect of energy generated by a power supply agency is the largest single item of expenditure. At the same time, the power supply agency does not have any control whatsoever on the cost of fuel delivered – basic price, sales tax, royalties, cess, transportation etc. to the power station. Moreover, there is no bar on the fuel suppliers as to how frequently or how much the fuel prices may be increased.



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On the other hand, ASEB (and its successor companies) is constrained to make a formal application to Assam Electricity Regulatory Commission for any upward revision of tariff, and that too not more than once a year, to receive their formal approval. Only when this entire process - normally quite lengthy - is gone through, can the power supply agency implement the revised tariff.

It is therefore, proposed to introduce FAS in the Schedule of Rates that will facilitate the following:

ASEB (and its successor companies) will not need to go through a full-blown tariff revision exercise to neutralise the financial impact of any change in fuel costs (the cost of fuel being deemed to include that of associated taxes, levies, transportation etc. as was defined in the erstwhile Sixth Schedule of The Electricity (Supply) Act, 1948. Instead, any adjustment in the FAS rate(s) applicable for the year shall be given effect to, based on (a) estimates for provisional rates and (b) audited financial statements for final rates.

FAS will be levied on consumers on a provisional basis and shall be subject to a final adjustment on completion of audit in respect of each financial year. Should the final audited FAS rate be less or more than the provisional FAS rate(s) levied during the year, a corresponding credit or debit adjustment shall be made to the consumers’ accounts.

As there may be a difference between the provisional FAS rate(s) levied in course of a given financial year and the final FAS rate computed in respect of that financial year, the revenue for the year will include a component ‘Fuel Adjustment Surcharge due but not billed’ and shall be equal to the difference between the audited and the provisionally billed FAS rate(s) multiplied by the aggregate quantum of energy sold by ASEB to the distribution companies during that particular financial year.

Salient features of the proposed Fuel Adjustment Surcharge (FAS) clause:

1. FAS shall be made applicable equally in respect of all distribution companies.

2. FAS shall be constructed in a manner that ASEB will not stand to gain or lose due to differences in the actual values of key parameters such as transmission loss, distribution loss, sales mix, and station heat rates, import mix etc.

3. The impact of any increase in fuel prices – be it in respect of APGCL generation or in respect of energy imported from external agencies such as NEEPCO, DLF, Power Traders etc. - shall be neutralized by a corresponding increase in the FAS to be levied and collected by ASEB from its own consumers viz. UAEDCL, CAEDCL and LAEDCL.

4. It will be appreciated that the FAS clause being incorporated in the Schedule of Rates implies that the energy imported from external agencies should have a Fuel Cost component explicitly mentioned in the tariff as otherwise, it will not be possible for ASEB (or any of the successor companies) to pass on the impact of increases in fuel prices to its consumers through the FAS clause.

5. The FAS rate that shall be charged by ASEB to the distribution companies shall be computed as per the following formula:



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Sl. No.

Source of energy Quantum of energy imported

(MkWh)

UoM Basic / Actual price of fuel

(Rs per UoM)

Basic / Actual calorific value of fuel (KCal per UoM)

1 Assam Gas Based Power Plant (AGBPP)

Q1 BP1 / AP1 BC1 / AC1

2 Agartala Gas-based Thermal Power plant (AGTPP)


3 Adamtilla (DLF) Q3 BP3 / AP3 BC3 / AC3 4 Banskandi (DPF) Q4 BP4 / AP4 BC4 / AC4 5 Power Traders Q5 BP5 / AP5 BC5 / AC5 6 Namrup Thermal Power

Station (APGCL) Q6 BP6 / AP6 BC6 / AC6

7 Lakwa Thermal Power Station (APGCL)


8 Lakwa Waste Heat Power Station (APGCL)


9 Chandrapur Thermal Power Station (APGCL)


10 Bongaigaon Thermal Power Station (APGCL)

Q10 BP10/AP10 BC10 / AC10

11 Bongaigaon Thermal Power Station (NTPC)

Q11 BP11 / AP11 BC11 / BC11

UoM – Unit of measurement

FAS Rate applicable to the distribution companies =

Q1 * [(AP1 * BC1 / AC1) – BP1] + Q2 * [(AP2 * BC2 / AC2) – BP2] + Q3 * [(AP3 * BC3 / AC3) – BP3] + Q4 * [(AP4 * BC4 / AC4) – BP4] + Q5 * [(AP5 * BC5 / AC5) – BP5] + Q6 * [(AP6 * BC6 / AC6) – BP6] + Q7 * [(AP7 * BC7 / AC7) – BP7] + Q8 * [(AP8 * BC8 / AC8) – BP8] + Q9 * [(AP9 * BC9 / AC9) – BP9] + Q10 * [(AP10 * BC10 / AC10) – BP10] + Q11 * [(AP11 * BC11 / AC11) – BP11]

Energy input to UAEDCL + Energy input to CAEDCL + Energy input to LAEDCL

Notes:

1. Should ASEB or AERC desire that in order to maintain total uniformity of retail tariff, the applicable FAS rate should be the same across the distribution companies, the FAS rate that shall be applicable to all consumers in respect of a particular financial year shall be the aggregate FAS payable by all the distribution companies to ASEB in respect of the energy received from it (ASEB) divided by the aggregate sales to all consumers across all the distribution companies during that financial year.

2. It may be noted that if a uniform FAS rate is made applicable across all the distribution companies, it will result in over-realisation of FAS by certain distribution companies and under-realisation companies by others due to differences in distribution losses.

4.6 Import Adjustment Surcharge: ASEB proposes to introduce an Import Adjustment Surcharge with a view to protecting itself from intermittent, adverse and unforeseen increase in the cost of energy imported (other than the fuel cost of energy imported) from external power supply agencies and/ or stations from whom ASEB purchases energy. As the cost of imported energy is wholly outside the control of ASEB, it will only by logical for ASEB to be insulated from such ‘cost shocks’. The details of the proposed Import Adjustment Surcharge clause are furnished in the following paragraphs.



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Import Adjustment Surcharge (IAS) Clause (ASEB)

Objectives:

In case of Assam, bulk of the energy delivered to the power system comes from external agencies. Apart from being a major cost item over which ASEB has no control, this makes ASEB vulnerable to the risk of large arrears as the tariff of many of these external agencies is finalised by Central Electricity Regulatory Commission. Moreover, there is no bar on how frequently or how much the import prices may be increased by these external agencies. This issue is partly emphasised in case of energy imported through various power traders as it is done through short-term and medium term contracts that are subject to prevalent energy market conditions.

On the other hand, ASEB is constrained to make a formal application to Assam Electricity Regulatory Commission for any upward revision of tariff, and that too not more than once a year, to receive their formal approval. Only when this entire process - normally quite lengthy - is gone through, can the power supply agency implement the revised tariff.

It is therefore, proposed to introduce an IAS in the Schedule of Rates that will facilitate the following:

ASEB will not need to go through a full-blown tariff revision exercise to neutralise the financial impact of any change in import costs (other than fuel costs as that will be taken care of through the Fuel Adjustment Surcharge clause). Instead, any adjustment in the IAS rate(s) applicable for the year shall be given effect to, based on (a) estimates for provisional rates and (b) audited financial statements for final rates.

IAS will be levied on consumers on a provisional basis and shall be subject to a final adjustment on completion of audit in respect of each financial year. Should the final audited IAS rate be less or more than the provisional IAS rate(s) levied during the year, a corresponding credit or debit adjustment shall be made to the consumers’ accounts.

As there may be a difference between the provisional IAS rate(s) levied in course of a given financial year and the final IAS rate computed in respect of that financial year, the revenue for the year will include a component ‘Import Adjustment Surcharge due but not billed’ and shall be equal to the difference between the audited and the provisionally billed IAS rate(s) multiplied by the aggregate quantum of energy sold by ASEB to the distribution companies during that particular financial year.

Salient features of the proposed IAS clause:

1. IAS shall be made applicable equally in respect of all distribution companies.

2. IAS shall be constructed in a manner that ASEB will not stand to gain or lose due to differences in the actual values of key parameters such as transmission loss, import mix etc.

3. The impact of any increase in import prices (other than fuel prices) in respect of energy imported from external agencies such as NEEPCO, NHPC, DLF, Power Traders etc. shall be neutralised by a corresponding increase in the IAS to be levied and collected by ASEB on its own consumers viz. UAEDCL, CAEDCL and LAEDCL.

4. IAS shall be computed as per the following formula:



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Sl. No.

Source of energy Quantum of energy imported

(MKWh)

Basic / Actual price of import

(Rs per MKWh) 1 Assam Gas Based Power Plant (AGBPP) Q1 BI1 / AI1 2 Agartala Gas-based Thermal Power plant (AGTPP) Q2 BI2 / AI2 3 Adamtilla (DLF) Q3 BI3 / AI3 4 Banskandi (DPF) Q4 BI4 / AI4 5 Power Traders Q5 BI5 / AI5 6 Namrup Thermal Power Station (APGCL) Q6 BI6 / AI6 7 Lakwa Thermal Power Station (APGCL) Q7 BI7 / AI7 8 Lakwa Waste Heat Power Station (APGCL) Q8 BI8 / AI8 9 Chandrapur Thermal Power Station (APGCL) Q9 BI9 / AI9 10 Bongaigaon Thermal Power Station (APGCL) Q10 BI10 / AI10 11 Bongaigaon Thermal Power Station (NTPC) Q11 BI11 / AI11

IAS Rate applicable to the distribution companies =

Q1 * (AI1 – BI1) + Q2 * (AI2 – BI2) + Q3 * (AI3 – BI3] + Q4 * (AI4 – BI4) + Q5 * (AI5 – BI5] + Q6 * (AI6 – BI6) +Q7 * (AI7 – BI7] + Q8 * (AI8 – BI8] + Q9 * (AI9 – BI9) + Q10 * [(AI10 – BI10] + Q11 * (AI11 – BP11]

Energy input to UAEDCL + Energy input to CAEDCL + Energy input to LAEDCL

T5: Annual Statement of Accounts for FY 2004-05

The Board approved Annual Statement of Accounts for the FY 2004-05 for consolidated ASEB is furnished in Annexure VII.



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Annexure I



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Annexure I contd..



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Annexure I contd.. SCHEDULE – I

ASSAM POWER GENERATION CORPORATION LIMITED

OPENING BALANCE SHEET AS ON APRIL 01st, 2005



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Annexure I contd.. SCHEDULE – II

ASSAM ELECTRICITY GRID CORPORATION LIMITED




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Annexure I contd.. SCHEDULE – III

UPPER ASSAM ELECTRICITY DISTRIBUTION COMPANY LIMITED




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Annexure I contd.. SCHEDULE – IV

CENTRAL ASSAM ELECTRICITY DISTRIBUTION COMPANY LIMITED




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Annexure I contd.. SCHEDULE – V

LOWER ASSAM ELECTRICITY DISTRIBUTION COMPANY LIMITED




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Annexure I contd.. SCHEDULE – VI

ASSAM STATE ELECTRICITY BOARD




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Annexure II: ASEB Trading Licence



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Annexure III: Chairman ASEB’s Letter to GOA



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Annexure III contd..



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Annexure IV: Profit and Loss Statement Form-A1

(Rs in Crs)Ref

Form-No PARTICULARS

Transmission Distribution ASEB Trader Transmission Distribution ASEB Trader Transmission Distribution ASEB TraderAT1/T1/D1 ENERGY AVAILABLE (MU) 3281.06 3010.37 3281.06 3560.63 3293.58 3560.63AT2/T2/D2 ENERGY SOLD (MU) 3010.37 2162.13 3281.06 3293.58 2354.98 3560.63

T & D LOSS (%) 8.25% 28.18% 0.00% 7.50% 28.50% 0.00%INCOME

D2 REVENUE FROM SALE OF POWER 56.14 967.87 719.35 49.81 1,244.66 928.03 AT3/T3/D3 REV SUBSIDIES & GRANTS * 49.00 AT4/T4/D4 OTHER INCOME 8.94 47.01 25.00 9.39 49.36 59.62

TOTAL 65.08 1014.88 793.35 59.20 1294.02 987.65EXPENDITURE

AT1/D1 PURCHASE OF POWER - 719.35 719.35 - 928.04 832.25 AT5/T5/D5 REPAIRS & MAINTENANCE 5.90 16.22 - 7.75 22.14 - AT6/T6/D6 EMPLOYEES COSTS 43.61 225.29 1.25 43.17 223.03 1.30 AT7/T7/D7 ADM & GENERAL EXPENSES 2.07 15.03 0.75 2.63 19.22 0.85 AT8/T8/D8 DEPRECIATION AND RELATED DTS 3.54 23.47 - 0.93 40.78 - AT9/T9/D9 INTEREST & FINANCE CHARGES 9.96 41.90 7.99 20.89 50.25 10.33

SUB-TOTAL 65.08 1041.26 729.34 75.37 1283.46 844.73T10/D10 LESS: EXPENSES CAPITALISED:

-INTEREST & FINANCE CHARGES CAPITALISED - 0.00 - 16.16 20.23 - -OTHER EXPENSES CAPITALISED

SUB-TOTAL 0.000 0.000 0.000 16.160 20.230 0.000AT11/T11/D11 OTHER DEBITS - 28.91 53.86 - 30.81 142.92 AT12/T12/D12 EXTRAORDINARY ITEMS

TOTAL EXPENDITURE 65.08 1070.17 783.20 59.21 1294.04 987.65PROFIT (LOSS) BEFORE TAXPROVISION FOR INCOME TAXPROFIT (LOSS) AFTER TAX

AT13/T13/D13 NET PRIOR PERIOD CREDITSSURPLUS/DEFICIT(-) 0.00 -55.29 10.15 -0.01 -0.01 0.00

AT17/T17/D17 NET ASSETS AT THE BEGINNING OF THE YEAR Not Available Not Available Not Available Not Available Not Available Not AvailableRATE OF RETURN

Note 1Note 2 FY 2005-06 figures are based on latest revised estimates.Note 3 Data for 2004-05 is not available for individual entities.

Details of Other Debits for ASEB Trader for FY 2005-06 and 2006-07are provided in the petition of ASEB Trader in Format D11.

PROFIT & LOSS ACCOUNT

2004-05 2005-06 2006-07



of 46

Annexure V: Other Debits

ASEB Trader

(Rs in Crs)Sl No Particulars 2004-05 2005-06 2006-07

1 Development Surcharge 29.17 31.91

2 Special Charge for Terminal Benefits 24.69 65.87

3Carry forward of estimated losses for 2005-06 - 45.14

Grand Total 53.86 142.92

Note: The details and basis of the above computations have been provided in the petition.2004-05 - Data not available

Other Debits Form-AT11/T11/D11



of 46

Annexure VI: Status of Hon’ble

Commission’s formats

List of Hon’ble Commission’s formats for which data has been furnished in the Tariff Petition for FY 2006-07

As applicable for Transmission, Distribution Companies and ASEB Trader

Formats for which data has been submitted

A1, D1, D2, D4, D5, D6, D6A, D7, D8, D9, D10, D11, D15, D16, D20, D21

Formats for which data was not readily available

A2, A3, A4, D14, D17, D18, D18A, D19A, D23

Formats which are found not to be relevant

D3, D9A, D12, D13, D22, D24

Note: The data submitted as per the above formats has been incorporated in the petition either as Tables or as Annexures.



of 46

Annexure VII: Statement of Accounts FY

2004-05

APPROVED ANNUAL STATEMENT OF ACCOUNTS

FOR

FINANCIAL YEAR 2004-05

(ASEB Consolidated)

SL. NO. PARTICULARS SCH NO. Current Yr 2004-2005

Previous Yr 2003-2004

INCOME1 Revenue from Sale of Power 1 9,060,983,797 8,416,990,878 2 Revenue subsidies and grants 4 696,937,838 400,000 3 Other Income 5 372,891,982 458,443,746 4 Total Income 10,130,813,617 8,875,834,624

EXEPNDITURE5 Purchase of Power 6 5,551,286,875 5,829,766,257 6 Generation of Power 7 582,814,187 609,625,214 7 Repair and Maintenance 8 159,858,669 151,823,519 8 Employee Costs 9 2,895,336,640 2,632,448,757 9 Administration and General Expenses 10 125,165,363 131,851,377

10 Depreciation and related debits (Net) 11 1,190,467,999 1,175,782,083 11 Interest and Finance Charges 12 684,879,386 2,664,581,772 12 SUB TOTAL : (5 TO 11) 11,189,809,120 13,195,878,979 13 Less Interest & Finance Charges capitalised 13 - - 14 Expenses Capitalised 14 19,008,681 676,027 15 SUB- TOTAL : (13 TO 14) 19,008,681 676,027 16 SUB-TOTAL: ( 12 TO 15) 11,170,800,439 13,195,202,952 17 Other Debits 15 2,916,936,474 907,507,090 18 Extra Ordianary Expenses 16 6,923,601,982 400,215 19 TOTAL (16 TO 18) 21,011,338,894 14,103,110,257 20 Profit before Tax (4-19) (10,880,525,277) (5,227,275,633) 21 Provision for Income Tax 17 - - 22 ProfIt/Loss after Tax (20 21) (10,880,525,277) (5,227,275,633) 23 Net Prior period charges 18 (767,800,233) 1,327,498,243 24 Surplus/Deficit (22-23) (10,112,725,044) (6,554,773,876)

ASSAM STATE ELECTRICITY BOARDREVENUE ACCOUNT 2004-2005

STATEMENT - I

SL. NO. PARTICULARS Current Yr 2004-2005


1 Balance brought forward from last year (46,934,066,951) (40,379,293,075) 2 Surplus (Deficit) from Revenue Account (10,112,725,044) (6,554,773,876) 3 Credits4 Transferred from General Reserve5 Appropriations6 Contributions to reserve and reserve funds7 Balance carried forward (57,046,791,995) (46,934,066,951)

ASSAM STATE ELECTRICITY BOARDNET REVENUE AND APPROPRIATION ACCOUNT 2004-2005

STATEMENT-2

SL.NO. PARTICULARS ACCOUNT CODE Current Yr 2004-2005 Previous Yr 2003-2004

1 Revenue from Sale of Power Inter State 61.1 100,295,102 - 2 Revenue from Sale of Power other consumers 61.2 8,212,676,378 7,712,251,671 3 Revenue from Sale of Power Rural Domestic 61.3 74,863,393 94,188,896

a)Revenue from Sale of Power (Special agreement) 61.4 285,335,994 237,828,149 Total Revenue : 8,673,170,868 8,044,268,716

4 Electricity Duty Recovery 61.501 to 61.519 47,925,292 53,249,570 5 Other State Levies Recoveries 61.521 to 61.539 - - 6 Meter Rent/ Service Line rental 61.6 81,618,805 86,361,956 7 Recoveries for theft of power/malpractice 61.7 305,477 -

Sub Total : 129,849,574 139,611,526 8 Wheeling charge recoveries 61.8 - 9 Misc. charges from consumers 61.9 305,888,647 286,360,206

Gross Revenue from Sale of Power (Total) 9,108,909,089 8,470,240,448 10 Less Electricity duty payable (Contra) 61.541 to 61.579 47,925,292 53,249,570 11 Other State Levies payable (Contra) 61.561 to 61.579 - -

TOTAL 9,060,983,797 8,416,990,878

ASSAM STATE ELECTRICITY BOARDREVENUE FROM SALE OF POWER

SCHEDULE- I

SL.NO. PARTICULARS ACCOUNT CODE Current Yr 2004-

2005Previous Yr 2003-

2004 RevenueDemand ChargeEnergy ChargeRevenue from Sale of PowerRevenue from Sale of Power Inter State 61.100 100,295,102 -

Total of 61.1Domestic Energy Charges 61.201Domestic Minimum Charges 61.202 2,139,691,424 1,957,520,618 Domestic Adjustment of past billing 61.203Commercial Energy Charges 61.211Commercial Minimum Charges 61.212 1,180,799,400 1,091,199,693 Commercial Adjustment of past billing 61.213Public Lighting Energy Charges 61.221 35,495,573 33,981,099 Public Lighting Adjustment of past billing 61.223Irrigation Energy Charges 61.231Irrigation Minimum Charges 61.232 139,624,676 63,541,985 Irrigation Adjustment to past billing 61.233Public Water Works Energy Charges 61.241Public Water Works Minimum Charges 61.242 220,867,770 258,268,248 Public Water Works Adjustment to past billing 61.243Industrial Energy Charges (LT) 61.251Industrial Minimum Charges (LT) 61.252 197,478,864 197,749,200 Industrial Adjustment to to past billing (LT) 61.253Industrial Energy Charges (HT) 61.261 1,253,191,302 1,198,506,814 Industrial Minimum Charges (HT) 61.262Industrial (Special) Energy charges 61.271 213,581,690 200,343,813 Supply in bulk Energy Charges 61.281 1,161,110,505 1,206,711,817 Supply in bulk Minimum Charges 61.282Tea Garden etc. Energy charges 61.291 1,670,835,174 1,504,428,384 Tea Garden etc. Minimum charges 61.292

Total of 61.2 8,212,676,378 7,712,251,671 Rural Domestic Energy Charges 61.301 74,863,393 94,188,896 Rural Domestic Minimum Charges 61.302

Total of 61.3 74,863,393 94,188,896 Supply Under Special Agreement Energy Charges 61.401Supply Under Special Agreement Minimum Charges 61.402 83,941,427 73,174,640 Supply Under Special Agreement Adjustment to past billing 61.403Temporary Supply for domestic festival marriage etc. Energy 61.451/453 4,140,290 1,938,793 Temporary supply for Commercial Energy charges 61.461/463 147,537 - Temporary Supply for irrigation 61.471/473 - Temporary Supply for Industrial 61.481/483 - SOP- General purpose (i.e. educational Institute religious 61.491/493 197,106,741 162,714,716

Total of 61.4 285,335,994 237,828,149 Total of 61.1 to 61.4 8,673,170,868 8,044,268,716

ELECTRICITY DUTY AND OTHER STATE LEVIESElectricity duty recovery 61.501to 61.519 47,925,292 53,249,570 Other State levies recoveries 61.52 to 61.539 - -

Total 47,925,292 53,249,570 Rental from Meters. Servie lines,Capacitors etc. 61.6 81,618,805 86,361,956 Recoveries from theft of power and malpractices 61.7 305,477 - Wheeling charges recoveries 61.8 - - Miscellaneos recoveries 61.9 305,888,647 286,360,206 Total miscellaneous recoveries 61.6 to 61.9 387,812,929 372,722,162 Gross revenue from sale of power Gross Total 9,108,909,089 8,470,240,448 Less Electricity duty payable (Contra) 61.541to 61.553 47,925,292 53,249,570 Other State levies recoveries (Contra) 61.561 to 61.573 - -

Total 9,060,983,797 8,416,990,878

ELEMENT WISE ANALYSIS OF REVENUESCHEDULE- 2


No. of consumers

Units Sold MKWH

% of Total Units Sold

Average realisation in paise per unit

S.No. Consumer Category No. of Consumers

Units Sold MKWH

% of Total Units Sold

Average realisation in paise per unit

784223 696.36 33.18 1 Domestic or Residential 957674 785.41 38.56%122882 208.84 9.95 2 Commercial 130382 223.97 11.00%

534 5.32 0.25 3 Public Lighting 535 6.42 0.32%1915 16.03 0.76 4 Irrigation & dewatering 1460 15.89 0.78%1433 32.43 1.55 5 Public Water Works 2017 33.05 1.62%

6 Industrial4753 24.52 1.17 a) LT 5385 47.48 2.33%

b) HT4660 277.46 13.22 c) Special 4348 287.9 14.14%

934 248.44 11.84 7 Bulk Supply (Tea Garden/Cofee) 856 247.97 12.18%

609 278.42 13.27 8 Bulk Supply (Others) 621 283.72 13.93%

120942 262.18 12.49 9 Misc. Unmetered Supply 450 1.21 0.06%16948 48.59 2.32 10 General Category 18165 51.59 2.53%

1059833 2098.59 100 4.04 TOTAL - within State 1121893 1984.61 97.45% 4.5411 Inter-state sale (PTC) 1 51.98 2.55% 1.93

TOTAL 1121894 2036.59 100%

ASSAM STATE ELECTRICITY BOARDAVERAGE REALISATION FROM SALE OF POWER

SCHEDULE-3Previous year 2003-2004 This year 2004-2005

SL.NO. PARTICULARS ACCOUNT

CODECurrent Yr 2004-


2004 1 Revenue Grant againts Cash Deficit Support 63.111 694,353,838 - 2 Grant for research and Development expenses 63.120 84,000 400,000

3 Subsidies against losses on account of flood fire,cyclone etc. 63.200 2,500,000 -

TOTAL 696,937,838 400,000




2004

1 Interest on staff loans and advances 62.210 to 62.219 89,833 134,566

2 Income from investment 62.220-239 74,580,263 44,889,950 3 Interest on loan & advances to licensees 62.240 - - 4 Delayed payment charges from consumers 62.250 55,059,479 42,809,525 5 Interest on advances to suppliers - 6 Interest from banks (other than on FD) 62.270 59,904 184,530 7 Incentive received/ income from trading 62.3 12,111,935 365,102,834 8 Gain on Sale of Fixed Assets 62.4 36,402,722 - 9 62.5 -

10 Income from Staff Welfare activities 62.6 5,965 6,452 11 Miscellaneous receipts 62.9 9,405,358 5,315,889 12 UI Charges received 70.1 185,176,523 -

TOTAL 372,891,982 458,443,746

ASSAM STATE ELECTRICITY BOARDOTHER INCOME

SCHEDULE 5

ASSAM STATE ELECTRICITY BOARDREVENUE SUBSIDIES AND GRANTS

SCHEDULE 4


CODECurrent Year

2004-2005Previous Year

2003-2004 1 POWER PURCHASE

I) Power purchase from MeSEB 70.101 21,780,699 80,678,186 II) Power purchase from NEEPCO 70.102 3,924,437,476 3,478,318,368 III) Power purchase from NHPC 70.103 150,256,282 142,402,917 IV) Power purchase from Nagaland 70.104 - - V) Power purchase from Arunachal Pradesh 70.105 - - VI) Power purchase from Tripura 70.106 - - VII) Power purchase from BRPL 70.107 - - VIII) Power purchase from Oil India 70.108 - - IX) Power purchase from EREB (West Bengal) 70.109 - 33,752,982 X) Power purchase from DVC 70.110 - - XI) Power purchase 70.111XII) Power purchase from Orissa 70.112 - 79,149,588 XIII) Power purchase from NTPC 70.113 9,057,458 179,936,779 XIV) Power purchase from DLF 70.114 300,699,189 318,701,259 XV) Power purchased from PTC 70.115 308,724,420 767,010,366 Less U.I Charge paid 70.100 - (115,138,222)

2 Total Power Purchase 70.1 4,714,955,524 4,964,812,223 3 70.2 - 4 Write off cost of acquiring rights to receive 70.3 - - 5 Wheeling charges 70.4 836,331,352 864,954,034

Total of (3,4 &5) 836,331,352 864,954,034 TOTAL OF (2 & 5) 5,551,286,875 5,829,766,257




2004 FUEL CONSUMPTION

1 Coal 71.110 - -

2 Oil 71.120 to 71.125 - -

3 Gas 71.130 - 15,498,326

4 Gas/Oil (Internal Combustion) 71.140 to 71.199 580,873,764 591,943,099

5 TOTAL (1 TO 4) 580,873,764 607,441,425

6 Other fuel related cost 71.2/71.3/71.211/71.4 - -

7 Sub Total (5 &6) 580,873,764 607,441,425 OPERATING EXPENSES

8 Cost of waterHydel PowerThermal Power 71.5 - -

9 Lubricants and cunsumable stores 71.6 1,940,423 2,183,789 10 Station Supplies 71.7 - - 11 Sub Total for Operating exenses (8+9+10) 1,940,423 2,183,789 12 COST OF GENERATION OF POWER (7 + 11) 582,814,187 609,625,214 13 Fuel related losses 72.1 - -

TOTAL (12 TO 13) 582,814,187 609,625,214

GENERATION OF POWERSCHEDULE 7

ASSAM STATE ELECTRICITY BOARDPURCHASE OF POWER

SCHEDULE 6




2004 1 Repair and Maintenance of Plant and Machinery 74.10 47,098,086 44,563,063 2 Repair and Maintenance of Building 74.20 10,934,324 5,385,157 3 Repair and Maintenance of Civil Works 74.30 806,785 497,558 4 Repair and Maintenance of Hydraulic Works 74.40 1,340,757 1,616,800 5 Repair and Maintenance of Lines, Cable Net Works etc. 74.50 88,167,403 88,997,231 6 Repair and Maintenance of Vehicles 74.60 8,092,543 8,628,221 7 Repair and Maintenance of Furniture and Fixures 74.70 1,990,313 1,235,653 8 Repair and Maintenance of Office Equipment 74.80 1,428,458 899,836

TOTAL 159,858,669 151,823,519



2004 1 Salaries 75.1 1,391,520,130 1,393,461,753 2 Overtime 75.2 7,761,862 3,111,872 3 Dearness Allowances 75.3 578,358,342 596,369,656 4 Other Allowances 75.4 214,360,298 193,030,953 5 Bonus 75.5 562,175 816,000 6 Sub Total (1 TO 5) 2,192,562,807 2,186,790,234 7 Medical Expenses Reimbursement 75.611 8,312,810 4,641,066 8 Leave Travel Concession 75.612 2,816,653 1,833,965 9 Earned Leave Encashment 75.617 50,504,151 17,471,600

10 Payment under workmens Compensation Act 75.629 1,271,562 2,495,503 11 Total Staff Cost (7 TO 10) 62,905,176 26,442,134 12 Other Staff Cost 75.630 to 75.649 309,014 296,332 13 Staff Welfare 75.7 2,005,590 2,253,443 14 Terminal Benefits 75.8 637,554,053 416,666,614 15 Sub Total (11 TO 14) 702,773,833 445,658,523

TOTAL: (6 + 15) 2,895,336,640 2,632,448,757

EMPLOYEES COSTSSCHEDULE 9

ASSAM STATE ELECTRICITY BOARDREPAIRING AND MAINTENANCE

SCHEDULE 8



CODECurrent Yr 2004-2005


1 Rent Rates and Taxes 76.101-76.102 8,642,386 7,115,703 2 Insurance 76.104-76.107 1,521,815 1,585,894 3 Telephone Charges, 76.111 9,806,548 8,477,335

Postage.Telegram& Tele Charges 76.112-76.113 8,687,868 6,552,716 4 Legal charges 76.121 5,618,439 5,095,082 5 Audit Fee 76.122 623,890 1,215,000 6 Consultancy charges 76.123 2,860,241 442 7 Technical Fee 76.124 1,064,956 90,228 8 Other Professional Charges 76.125 9,660 43,117 9 Conveyance and Travel 76.131-76.139 33,482,027 32,331,076

10 Other ExpensesFees & SubscriptionBook and PeriodicalsPrintng and Stationery 76.151-76.190 29,508,406 56,605,486 Advertisement,Contributions Electricity Charges,Water charges, Entertainments, Misc. Expenses

11 Freight 76.210-76.220 9,145,769 4,284,372 12 Other Purchase related expenses 76.230-76.299 13,871,629 8,406,426 13 Revenue Stamp on receipt issue by the Board 76.501 321,729 48,500

TOTAL 125,165,363 131,851,377




1 Depreciation 77.1 1,129,470,908 1,114,784,992 77.2 60,997,091 60,997,091

2 Assets Decommissioning 77.5 - - 3 Small and Low Value Item written of 77.6 - - 4 Sub Total: 1,190,467,999 1,175,782,083 5 Written down value of assets scraped 77.710 - - 6 Written off of deficit of fixed assets observed upon Physical 77.720 - - 7 Loss on sale of fixed assets 77.730 - - 8 Total Debits (4 & 8) 1,190,467,999 1,175,782,083 9 Gain on sale of assets excluding capital gains Rs. - -

TOTAL 1,190,467,999 1,175,782,083

SCHEDULE 11

ASSAM STATE ELECTRICITY BOARDADMINISTRATIVE AND GENERAL EXPENSES

SCHEDULE 10

DEPRECIATION AND RELATED DEBTS (NET)ASSAM STATE ELECTRICITY BOARD

SL.NO PARTICULARS ACCOUNT

CODECurrent Year 2004-

2005Previous Year

2003-2004 1 Interest on State Government Loan 78.1 105,152,972 1,322,709,201 2 Interest on Bonds 78.2 218,661,930 218,661,930 3 Interest on Debentures 78.3 - - 4 Interest on foregin currency loans/Credit. 78.4 - - 5 Interest on other Loans/Deferred Credit:

Interest on L.I.C. 78.501 - 30,520,603 Interest on I.D.B.I. 78.510 - - Interest on R.E.C. 78.520 - 220,123,250 Interest on PFCL 78.530 48,980,195 51,383,298 Interest on NEDFi 78.540 - -

6 Penal Interest in respect of Capital Liabilities 78.590 2,428,470 518,458,267 7 Interest on Consumers 78.600 - - 8 TOTAL INTEREST ON CAPITAL LAIBILITIES: 375,223,567 2,361,856,549 9 Interest on Borrowings for working capital 78.7 - -

Other Interest and Finance charges 78.8 5,600 - 10 Discount to consumers for timely payment of bills 78.820 60,955,529 48,319,100 11 Interest on Suppliers/Contractors 78.841-78.842 - - 12 Interest on Fixed Deposits 78.850 - - 13 Interest on Contributory Provident Fund 78.851 - - 14 Interest on General Provident Fund 78.852 236,426,020 220,009,237 15 Other Interest,Other SubAccount under 78.850 - - 16 Cost of raising finance 78.869 - - 17 Discount on issue of Bonds/Debentures 78.871 - - 18 Premium on Redumption of Bonds/Debentures 78.873 - - 19 Other charges 78.881-78.889 12,268,670 34,396,886

20 Interest on sum paid by State Government under gurantees -

21 TOTAL ( 9 TO 20 ) 309,655,819 302,725,223 TOTAL ( 8 TO 21 ) 684,879,386 2,664,581,772

ASSAM STATE ELECTRICITY BOARDINTEREST AND FINANCE CHARGES

SCHEDULE 12

SL.NO PARTICULARS 2003-04 2004-051 Net assets (As per Balance Sheet) 206,584 93,946

2 a) Assets construction Stage (A.C.S.) Sch 21 67,898 73,925 b) Balance Net Assets (B.N.A.) (Net assets at 1 above minus ACS at 1) above 138,687 20,021

Less : 5 (a) (Borrowing for working capital plus payment due on 374,993 342,859

Net BNA (236,306) (322,838)Less : Investment (Schedule 25) - -

4 (a) Borrowing for Working Caital (Sch. 30) - - b) Payment due on capital Liabilities (Sch.31) 374,993 342,859 c) Loans having an initial period - -

d) Other Interest free laibilities Viz. Contribution,Grants Subsidies towards cost of Capital Assets (Sch.34)/33 -A 173,693 178,716

e) Reserve Fund (Sch 35) Head of A/c 57.120/57.130 etc 32,933 33,318 f) Reserve & Surplus Reserves at (Sch 35) - - g) Interest bearing capital liabilities (All loans Sch 32&33) 94,306 109,521

5 a) Borrowing for working capital and payment due on capital laibilities (Sch 31) 374,993 342,859 b) Capital loans having interest free period - - c) Interest free capital liability if any shall be proportionately divided over ACS & BNA 173,693 178,716

A.C.S. 57,087 140,629 B.N.A. 116,606 38,086

d) Reserve fund shall be set off against the investment made against the fund - - Reserve Fund - -

Investment - -

e) Reserve & Surplus and the excess of reserve fund over its investment as per 5(d) above shall be added up to determine "Own Fund" - - "Own Fund" shall be divided proportioneately over ACS and BNA - -

Reserve Fund - - Less Investment - -

Reserve and Surplus - - f) Balance of loss 469,341 570,468

Less : Reserve fund and Surplus 32,933 33,318 Negative own Fund 436,408 537,150

6 B.N.A. (236,306) (322,838) Less Interest free Capital Liabilities - -

(236,306) (322,838) A.C.S. 67,898 73,925 Less Interest Free Capital Laibilities 173,693 178,716

(105,796) (104,791) Total ACS and BNA (342,102) (427,629) Interest bearing Capital Liabilities 94,306 109,521 Less: Negative Fund (436,408) (537,150) Balance Laibilities: (342,102) (427,629)

Opening Balance Closing Balance Average B.N.A. (236,306) (322,838) (279,572)

A.C.S. (105,796) (104,791) (105,293) Minus Value of BNA and ACS (Average) indicates that interest during construction is not to be capitalised

SCHEDULE -13DETAILED CALCULATION OF INTEREST CAPITALISED ON THE ASSETS AT CONSTRUCTION STAGE DURING 2004-2005

ASSAM STATE ELECTRICITY BOARDINTEREST AND FINANCE CHARGES CAPITALISED




2004

1 Capitalisation of cost of generation during trial stage 71.9 - -

2 Employees cost capitalised 75.9 15,035,514 662,091

3 Administration and General Expenses capitalised 76.9 3,973,167 13,936

4 Depreciation and related costs capitalised 77.9 - - TOTAL 19,008,681 676,027




2004 1 Material cost variance 79.1 (12,327,579) (4,879,211) 2 Research and Development expenses 79.2 1,733 - 3 Cost of Trading/Manufacturing Activities4 Bad & Doubtful Debts written off/provided for 79.4 2,926,035,756 910,510,193 5 Miscellaneous losses and written off 79.5 3,234,569 1,852,626 6 Sundry Expenses 79.7 (8,005) 23,482

TOTAL 2,916,936,474 907,507,090

S.No PARTICULARS ACCOUNT CODE

Current Yr 2004-2005


1 Extra-Ordinary Adjustments - FRP related 79.900 6,923,470,206 - a. Public Bonds (3,195,793,627)b. WBSEB (500,000,000)c. Electricity Duty (590,000,000)d. Post-securitisation CPSU Dues (950,000,000)e. RE Subsidy 11,815,923,599 f. Municipal dues Surcharge waiver 343,340,234

2 Extra-Ordinary Debits (Loss in flood etc.) 79.800 131,776 400,215 Extra Ordianary items (Net) 6,923,601,982 400,215




1 Provision for Income Tax 46.8 - -

ASSAM STATE ELECTRICITY BOARDOTHER EXPENSES CAPITALISED

SCHEDULE 14

ASSAM STATE ELECTRICITY BOARDOTHER DEBITSSCHEDULE 15

ASSAM STATE ELECTRICITY BOARDEXTRA ORDINARY ITEMS

ASSAM STATE ELECTRICITY BOARDPROVISION FOR INCOME TAX

SCHEDULE 17

SCHEDULE 16




2004 1 INCOME RELATING TO PREVIOUS YEARI) Fuel related gains on prior period. 65.1 - - II) Receipts from Consumers relating to prior periods 65.2 - - III) Other excess provision in prior period 65.8 182,857,295 - IV) Other Income relating to prior period 65.9 - V) Interest income for prior period 65.4 27,495 - VI) Excess Provision for depreciation in prior period 65.6 30,075,687 26,016,892 VII) Excess Prov - interest & finance charges (Prior Period) 65.7 1,377,263,342 28,571 VIII)IX) Other Income relating to prior period 65.9 447,298,025 200,000,000

TOTAL OF 1 2,037,521,844 226,045,463 2 PRIOR PERIOD EXPENSES/LOSSES1) Short provision for power purchase in prior period 83.1 324,585,768 201,750,399 2) Fuel related losses and expenses relating to prior period 83.2 2,185,550 (30,124,184) 3) Operating expenses prior period 83.3 588,372,188 429,733,533 4) Excise duty on Generation relating to prior period 83.4 - - 5) Employees cost relating to prior period 83.5 5,230,316 818,325,390 6) Depreciation under provided in prior period 83.6 - 3,917,492 7) Interest and other finance charges relating to prior period 83.7 500 129,941,076 8) Other charges relating to prior period 83.8 349,347,289 -

TOTAL OF 2 1,269,721,611 1,553,543,706

3 NET PRIOR PREIOD CREDITS/CHARGES(1-2) OR (2-1) AS THE CASE MAY BE : (767,800,233) 1,327,498,243

ASSAM STATE ELECTRICITY BOARDNET PRIOR PERIODS CREDITS/CHARGES

SCHEDULE 18

NET ASSETSNet Fixed Assets

1 Gross Block 19 19,801,226,789 19,603,397,920 2 less: Accumulated Depreciation 19 (15,026,308,241) (13,865,915,929) 3 Net Fixed Assets 4,774,918,548 5,737,481,991 4 Capital Works in progress 21 8,491,286,872 7,497,497,421 5 Assets not in use 22 - - 6 Deferred Costs 23 - 183,905,068 7 Intangible Assets 24 - 441,060 8 Investment 25 1,785,750,226 1,939,550,902 9 Total Current Assets 26 9,222,620,902 10,522,635,665

10 less: Security deposits from consumers 27 1,097,555,368 942,933,994 11 Other Current Liabilities 28 13,782,430,888 16,096,078,035 12 Total Current Liabilities (10 + 11) 14,879,986,256 17,039,012,029 13 Net Current Assets ( 9 - 12) (5,657,365,353) (6,516,376,364) 14 Subsidies receivable from Government 29 - 11,815,923,599 15 Net Assets (3 to 8+13+14) 9,394,590,293 20,658,423,677

Financed by16 Borrowing for working capital 30 - - 17 Payment due on capital liabilities 31 34,285,895,514 37,499,306,492 18 Capital Liabilities 32 4,078,801,340 3,901,509,621 19 Funds from State Government 33 6,873,313,689 5,529,064,689 20 Capital formation of Board 33A 13,500,000,000 13,500,000,000 21 Contribution Grants and subsidies towards cost of capital assets 34 4,371,570,753 3,869,348,456 22 Reserve and funds 35 3,331,800,992 3,293,261,370 23 Deficit/Surplus (57,046,791,995) (46,934,066,951) 24 Total Fund 9,394,590,293 20,658,423,677

NOTE: Schedule 20 relates to break up of fixed assets. - -

ASSAM STATE ELECTRICITY BOARDBALANCE SHEET AS ON 31ST MARCH 2005

STATEMENT- 3

SL.NO. As at 31st March 2005 This Year

As at 31st March 2004 Previous year

SCH. NO.PARTICULARS

NET BLOCKAt the end of previous year 2003-04

Addition Adjustment/Deduction

At the end of the year 2004-05

At the end of previous year 2003-04

Depreciation for the year

Adjustment / Depreciation


At the end of this year 2004-05

1 Land & Rights 10.1 228,981,693 40,563,046 1,141,560 268,403,179 - - - - 268,403,179 2 Building 10.2 1,216,855,090 384,723 - 1,217,239,813 653,884,152 48,166,889 2,903,474 699,147,567 518,092,246 3 Hydraulic 10.3 285,164,793 (79,459) - 285,085,334 131,371,103 16,439,709 523,793 147,287,019 137,798,315 4 Other Civil Works 10.4 396,262,380 5,067,409 - 401,329,789 74,656,383 6,108,544 - 80,764,927 320,564,862 5 Plant & Machinery 10.5 6,825,292,413 67,353,467 - 6,892,645,880 4,825,876,427 438,507,379 2,159,036 5,262,224,770 1,630,421,110 6 Lines & Cable Network 10.6 8,713,729,030 75,627,253 - 8,789,356,283 6,947,502,865 602,270,377 16,732,581 7,533,040,661 1,256,315,622 7 Vehicles 10.7 141,912,145 2,077,250 - 143,989,395 107,740,127 2,445,133 - 110,185,260 33,804,135 8 Furniture & Fixtures 10.8 152,288,449 973,058 - 153,261,507 134,064,439 13,688,680 7,756,803 139,996,316 13,265,191 9 Office Equipemnt 10.9 35,317,879 7,003,682 - 42,321,561 24,684,006 1,844,196 - 26,528,202 15,793,359

SUB TOTAL 17,995,803,872 198,970,429 1,141,560 18,193,632,741 12,899,779,502 1,129,470,908 30,075,687 13,999,174,723 4,194,458,018

10Capital Expenditure resulting in an asset not belonging to Board

11.1 - - - - - - - - -

11 Spare Units/Service Units 11.2 - - - - - - - - -

12 Capital spares at Generating Stations 11.3 1,607,594,048 - - 1,607,594,048 966,136,427 60,997,091 - 1,027,133,518 580,460,530

13Assets taken from licencees pending final verification

11.5 - - - - - - - - -

TOTAL: 19,603,397,920 198,970,429 1,141,560 19,801,226,789 13,865,915,929 1,190,467,999 30,075,687 15,026,308,241 4,774,918,548

ASSAM STATE ELECTRICITY BOARDFIXED ASSETS AND PROVISION FOR DEPRECIATION

SCHEDULE 19

Sl No Assets Group A/c Code

GROSS BLOCK PROVISION FOR DEPRECIATION

SCHEDULE 20NET BLOCK


Addition Adjustment / Depreciation



Depreciation for the year

Adjustment / Depreciation


At the end of this year 2003-04

1 Thermal Generation 6,789,257,812 52,305,677 - 6,841,563,489 4,360,468,241 503,948,642 5,347,898 4,859,068,985 1,982,494,504 2 Hydel Gegeration - - - - - - - - - 3 Transmission 4,808,392,284 5,520,947 1,141,560 4,812,771,671 4,580,344,685 47,317,511 2,665,069 4,624,997,127 187,774,544 4 Distribution 7,512,753,962 114,338,170 - 7,627,092,132 4,440,795,393 637,399,538 19,397,650 5,058,797,281 2,568,294,851 5 Other Assets 492,993,862 26,805,635 - 519,799,497 484,307,610 1,802,307 2,665,070 483,444,847 36,354,650

TOTAL 19,603,397,920 198,970,429 1,141,560 19,801,226,789 13,865,915,929 1,190,467,999 30,075,687 15,026,308,241 4,774,918,548

Sl. No. Particualrs Account Code Prev. Year 2003-

2004Curent Yr.2004-05

1 Capital Works in Progress 14 6,788,335,306 7,391,067,608 2 Contracts in progress 15.1 - - 3 SUB TOTAL 6,788,335,306 7,391,067,608

4 Revenue expenses pending allocation over capital works 15.2 1,354,162 1,354,162

5 Provision for completed works 15.5 - -

6Construction facilities (Cost less provision for depreciation)

15.6 72,730 72,730

7 Assets at Construction stage (3 TO 6) 6,789,762,198 7,392,494,500

8Advances for suppliers/Contractors (capital)

25.1 to 25.9 707,735,223 1,098,792,372

TOTAL: (7+8) 7,497,497,421 8,491,286,872

SCHEDULE 21

ASSAM STATE ELECTRICITY BOARDFUNCTION WISE BREAK UP OF FIXED ASSETS

ASSAM STATE ELECTRICITY BOARDCAPITAL EXPENDITURE IN PROGRESS.

SL No. Function

GROSS BLOCK PROVISION FOR DEPRECIATION

Balance in the beginning of the previous year

Addition during the previous year

Deduction during the previous year Sl.No. Assets

Group Account CodeBalance at the end of the previous year

Addition during the year

Deduction during the year

Balance at the end of the end of this year

- - - - - 16.00 - - - -

Balance in the beginning of the previous year (2003-04) (Rs)

Cost deferred during the previous year. (Rs)

Cost charged to the Revenue during the previous year

Particulars Account Code

Balance at the end of the previous year 2003-04

Cost deferred during the year

Cost Charged to revenue/Adj. during the year

Balance at the end of the end of this year 2004-05

- - - Deferred Revenue expenditure Compensation for premature take over of licensee

17.2 - - - -

- - - Total deferred revenue Expenditure: - - - -

137,517,197 97,843 - Exepnditure on Survey/feasibility studies of project not yet sanctioned

17.3 137,615,040 (137,615,040) - -

46,290,028 - - Expenditure in connection with lease financing 17.4 46,290,028 (46,290,028) - -

183,807,225 97,843 - Total deferred cost 17 183,905,068 (183,905,068) - -

Balance in the beginning of the previous year (2002-03) (Rs)

Cost deferred during the previous year. (Rs)

Cost charged to the Revenue during the previous year

INTANGIBLE ASSETS Account Code


Cost deferred during the year

Cost Charged to revenue/Adj. during the year

Balance at the end of the end of this year 2004-05

341,000 Payment to acquire right to receive power from other bodies 18.100 341,000 (341,000) - -

100,060 - - Expenses for formating & organising the Board 18.200 100,060 (100,060) - -

441,060 - - TOTAL 441,060 (441,060) - -

SCHEDULE 24

ASSAM STATE ELECTRICITY BOARDINTANGIBLE ASSETS

ASSAM STATE ELECTRICITY BOARDASSETS NOT IN USE

SCHEDULE 22

ASSAM STATE ELECTRICITY BOARDDEFERRED COST

SCHEDULE 23

Balance in the beginning of the previous year 2003-04

Further Investment during the previous year 2003-04

Investment realised during the previous year 2003-04

Sl.No. Investment Account Code


Further Investment during the year 2004-05

Investment realised/ Adj. during the year 2004-05

Balance at the End of theis year 2004-05

Details of Investments calssification etc. pledged or given as a Security deposit

Rs. Rs. Rs. RS. RS. RS. RS. RS. - - - 1 Investment against Funds 20.1 - - - - -

1,137,229,034 1,889,817,697 1,087,495,829 2 Investments other than fund Investment 20.2 1,939,550,902 2,466,400,422 2,620,201,098 1,785,750,226 -

- - - 3 Investments in subsidies 20.3 - - - - -

- - - 4 Investment in partership/ joint ventures 20.4 - - - - -

1,137,229,034 1,889,817,697 1,087,495,829 GRAND TOTAL 1,939,550,902 2,466,400,422 2,620,201,098 1,785,750,226 -

ASSAM STATE ELECTRICITY BOARDINVESTMENTSCHEDULE 25

Sl. No. Particulars Account

CodeCurrent Yr 2004-


2004 1 Stock 26(a) 2,267,920,751 2,385,714,028 2 Receivable against supply of power 26(b) 2,635,230,870 5,395,801,871 3 Cash and Bank 26 (`c) 2,582,052,483 863,730,167 4 Loans and advances 26 (d) 1,013,753,822 1,023,911,650 5 Sundry receivable 26 (e) 723,662,976 853,477,949

TOTAL 9,222,620,902 10,522,635,665

Sl.No. Particulars Account



2004 1 Fuel Stock 21/21.101/105/108 39,624,586 627,490,402 2 Coal in transit 21.121 - - 3 Oil in transit 21.125 - - 4 Capital Materials 22.20/.59 - -

5 Block of materials at construction stores 22.60/22.61 1,721,127,065 1,189,178,255

6 Block of materials at other stores 22.62/22.63 392,531,809 463,161,173 7 Materials at site 22.64/22.65 846,379 - 8 Materials pending Inspection 22.66/22.67 - - 9 Materials in transit 22.68/22.69 - - 10 Other materials Accounts 22.7 113,363,517 105,469,435

11 Stocks excess/shortages pending investigation 22.8 427,395 414,763

TOTAL 2,267,920,751 2,385,714,028

STOCKSCHEDULE 26(a)

ASSAM STATE ELECTRICITY BOARDTOTAL CURRENT ASSETS

SCHEDULE 26


Sl.No. Particulars Account Code Current Yr 2004-


2004 Rs. Rs.

1 Sundry debtors for Sale of Power 23.1 4,120,958,250 3,757,602,778 2 Sundry debtors for Inter State Sale of Power 23.6 91,607,595 91,607,595 3 Sundry debtors for Electricity Duty 23.2 286,192,985 259,618,919 4 Provision for unbilled revenue 23.4 392,614,271 443,533,667

5 Dues from premanently Disconnected consumers (net of security deposit forfeited ) 23.5 70,776,132 70,196,723

23.8 - - 6 Sundry Debtors Miscellaneous Receipts from consumers 23.7 1,598,274,995 1,793,403,492

SUB TOTAL (1 TO 6) 6,560,424,228 6,415,963,174 7 Less: Unposted receipts 23.3 - -

SUB TOTAL (6 TO 7) 6,560,424,228 6,415,963,174 9 Less: Provision for doubtful dues from consumers 23.9 3,925,193,358 1,020,161,303

TOTAL 2,635,230,870 5,395,801,871

Sl. No. Particulars Account Code Current Yr 2004-


2004 1 Cash in Hand 24.1 141,100,890 61,562,628 2 Cash Imprest with staff 24.2 51,196,891 46,670,589 3 Balance with Banks a.24.3 / 24.4 1,582,121,727 96,672,765

b.29.00 282,470,359 282,134,812 c.34.00 478,065,877 376,689,373

4 Cash in transit 33/ 24.5/24.6 47,096,739 - TOTAL 2,582,052,483 863,730,167

CASH AND BANK BALANCESCHEDULE 26 (C)

ASSAM STATE ELECTRICITY BOARDREVEIVABLE AGAINST SUPPLY OF POWER

SCHEDULE 26 (b)




2004 Rs. Rs.

1 Advances for O&M suppliers/work 26.1 to 26.7 651,234,261 650,467,844 2 Advances for fuel suppliers 26.80 356,937,272 357,111,453 3 Loans and Advances to Staff 27.1/27.2 6,293,169 10,375,914 4 Loans and Advances to Licensees 27.30 - - 5 Advance Income Tax Deduction at Source 27.40 - 106,994 6 Advance for GPF/CPF 27.50 - - 7 Loans and Advances Other 27.80 (710,880) 5,849,445 8 TOTAL 1,013,753,822 1,023,911,650 9 Less Provision for doubtful loans and advances 27.90 - -

TOTAL (7 -8) 1,013,753,822 1,023,911,650



2004 1 Sundry Debtors Trading Account 28.10 1,885,811 1,885,811

2 Income accrued and due on investment 28.210 to 28.290 - (27,437)

3 Income accrued but not due 28.30 36,584,903 28,000,376 4 Amount receivable from Employees/Ex employees 28.40 7,275,385 7,587,593 5 Fuel related receivable and claimsgrade difference of coal 28.51 - -

(Net ofprovision for loss on grade/difference) 28.51 - - 6 Railway claims for coal 28.513/28.514 74,791,125 74,791,125 7 Other-Other Sub Account Under 28.56 - 2,185,550 8 Other claims and receivable account 28.7/28.8 95,383,583 116,259,097 9 Account receivable other than RE Subsidy 14,410,742 14,410,742

10 Deposits 28.9(excluding 28.930) 8,759,364 8,759,364

11 Amount receivable IT Authority 28.92 6,775,040 6,029,211

12 Inter Units Accounts30 to

39(Excluding 33/34)

477,797,023 527,553,992

13 Suspense Account (Old Balances) - 1,285 14 Composit Boards suspense Account - 66,041,240

TOTAL 723,662,976 853,477,949

SUNDRY RECEIVABLESSCHEDULE 26 (e)


ASSAM STATE ELECTRICITY BOARDLOANS AND ADVANCES

SCHEDULE 26 (d)



2004

1 Security Deposit from Consumers (in cash) 48.1 1,090,836,890 936,209,180

2 Security Deposit from consumers (other than in cash) 48.2 6,718,478 6,724,814

3 Interest payable on consumers deposits 48.3 - -

TOTAL 1,097,555,368 942,933,994



2004 1 Laibility to Railway for Coal receipt 40.1 73,936,709 73,936,709 2 Laibility to grade different of coal 40.2 - - 3 Unpaid coal bills 40.7 - - 4 Other fuel related liabilities 40.3/40.4/40.5/40.6 2,989,599,888 3,020,009,720 5 Liabilities for purchase of power 41.1&41.2 6,193,591,373 6,567,597,915

6 Liability for capital suppliers/capital works 42.1/42.3/42.5/42.6/42.2 30,051,724 39,670,147

7 Liabilities for O&M suppliers/O&M works 43.1 to 43.6 (15,579,683) 20,753,381

8 Staff related laibilities and provisions 44.1 to 44.4 434,594,205 412,695,523

9 Deposits and retentions from suppliiers and contractors. 46.1 111,307,987 81,930,352

(Less: deposits received in form of investments etc.) 28.930 220,933 265,158

10 Electricity duty and other levies payable to Government 46.3 180,120,547 687,195,561

11 Liability for expenses 46.4 183,934,216 606,337,796 12 Amount owing to licensees 46.6 - -

13 Accrued/unclaimed amount relating to borrowings 46.7 - 1,377,259,564

14 Provision for Income Tax 46.8 - - 15 Other liabilities and provisions 46.9 2,664,814,972 2,356,603,353

16 Liabilities on account of contributory provident fund 46.936 - -

17 Sub Total 12,846,592,872 15,244,255,179

18 Deposit for Electrification service connection etc. 47 935,838,016 851,822,856

TOTAL 13,782,430,888 16,096,078,035

OTHER CURRENT LIABILITIESSCHEDULE 28

ASSAM STATE ELECTRICITY BOARDSECURITY DEPOSIT FROM CONSUMERS

SCHEDULE 27


ASSAM STATE ELECTRICITY BOARDSUBSIDY RECEIVABLE FROM GOVERNMENT

SCHEDULE 29Sl. No. Particulars Account



2004 1 Capital Subsidy/Grant receivable 28.610 - -

2 Revenue Subsidy/Grant receivable (RE Subsidy) 28.620 - 11,815,923,599

TOTAL - 11,815,923,599

ASSAM STATE ELECTRICITY BOARDBORROWING FOR WORKING CAPITAL

SCHEDULE 30Sl. No. Particulars Account



2004 1 Cash credit from Banks 50.1 - - 2 Bank Overdrafts 50.3 - -

TOTAL - -

Due at the beginning of the

previous year(2003-04)

Becoming due during the

previous year

Payments made/Adj. during the previous year

Sl.No Particulars A/c

CodeDue at the end of the previous year 2003-04

Becoming due during this year

Payment made/Adj during the year

Due at the end of the year 2004-05

1 Repayment due on 1,736,328,000 - 6,846,000 Public Bond 51.101 1,729,482,000 3,863,000 1,733,345,000 - 158,435,313 10,966,666 - Loans from LICI 51.102 169,401,979 - - 169,401,979 774,514,049 - - Loans from R.E.C. 51.103 774,514,049 - - 774,514,049 5,740,030,882 1,080,837,387 - Loans from StateGovt. 51.104 6,820,868,269 - - 6,820,868,269 - - - I.D.B.I. Loans 51.105 - - - - - - - Loans from PFC 51.109 - - - - - - - Loan from NEDFi 51.110 - - - -

8,409,308,244 1,091,804,053 6,846,000 2 Total repayment due on 9,494,266,297 3,863,000 1,733,345,000 7,764,784,297 Interest accrued and due on

274,142,731 232,449,963 - Loans from LIC 51.201 506,592,694 - - 506,592,694 2,036,433,047 516,333,973 28,571 Loans from REC 51.202 2,552,738,449 - - 2,552,738,449 1,695,395,290 220,484,930 4,660,050 Public Bonds 51.203 1,911,220,170 218,661,930 1,810,168,572 319,713,528 - - - IDBI Loans 51.204 - - -

21,332,373,205 1,702,111,899 - State Govt. Loan (incl Penal Int) 51.205 23,034,485,104 107,581,442 23,142,066,546 - - - Agriculture refinance corpn loan 51.206 - - - - - - Agriculture finance Corpn loan 51.207 - - - 3,778 - - Loans from PFC 51.209 3,778 - 3,778 - - - - Loan from NEDFi 51.210 - - -

25,338,348,051 2,671,380,765 4,688,621 Total Interest accrued and due 28,005,040,195 326,243,372 1,810,172,350 26,521,111,217 33,747,656,295 3,763,184,818 11,534,621 37,499,306,492 330,106,372 3,543,517,350 34,285,895,514

ASSAM STATE ELECTRICITY BOARDPAYMENT DUE ON CAPITAL LIABILITIES

SCHEDULE 31

Outstanding at the beginning of the

previous year 2003-04

Amount received during the


Repayment due during the


Sl.No. Particulars

Details of interest rate moratorium and

rate applicable at the end of the year

A/c Code

Outstanding at the end of the previous

year 2003-04

Amount received during the year

2004-05

Repayment/Adj due during the year 2004-05

Outstanding at the end of the

year 2004-2005

1,898,581,000 - 1,823,000 1 Public Bond 52.110 1,896,758,000 - 3,863,000 1,892,895,000 54,759,999 - 10,966,666 2 L.I.C. 52.510 43,793,333 - - 43,793,333

1,408,661,763 - - 3 R.E.C. 53.301 1,408,661,763 - - 1,408,661,763 - - - 4 I.D.B.I. 53.402 - - - -

595,798,947 26,765,575 70,267,997 5 PFCL 53.201 552,296,525 259,948,467 78,793,748 733,451,244 - - - 6 NEDFi 53.404 - - - -

3,957,801,709 26,765,575 83,057,663 7 TOTAL of (1 to 6) 3,901,509,621 259,948,467 82,656,748 4,078,801,340 - - - 8 REC (Inventory Loan) 53.302 - - - -

3,957,801,709 26,765,575 83,057,663 TOTAL 3,901,509,621 259,948,467 82,656,748 4,078,801,340

ASSAM STATE ELECTRICITY BOARDCAPITAL LIABILITIES

SCHEDULE 32

Outstanding at the beginning of the


Amount received during the


Repayment due during the previous

year 2003-04

Sl.No. Particulars

Details of interest rate moratorium

and rate applicable at the end of the year

A/c Code

Outstanding at the end of the previous

year 2003-04

Amount received during the year

2004-05

Repayment/Adj due during the year

2004-05

Outstanding at the end of the year

2004-2005

- - - 1State Govt Loan U/S 60 of the

Elect. (S) Act,194854.100 - - -

5,726,822,076 883,080,000 1,080,837,387 2State Govt. U/S 64

of the Elect.(S) Act,1948

54.200 5,529,064,689 954,749,000 - 6,483,813,689

5,726,822,076 883,080,000 1,080,837,387 3 TOTAL LOAN 5,529,064,689 954,749,000 - 6,483,813,689

- - - 4

Amount Received from GoA against

FRP liabilities taken over

54.600 - 1,619,500,000 1,230,000,000 389,500,000

5,726,822,076 883,080,000 1,080,837,387 TOTAL 5,529,064,689 2,574,249,000 1,230,000,000 6,873,313,689

ASSAM STATE ELECTRICITY BOARDFUNDS FROM STATE GOVERNMENT

SCHEDULE-33

13,500,000,000 - - 1

Equity capital under Section 66-A of the Electricity (Supply) Act 1948

54.50 13,500,000,000 - - 13,500,000,000

13,500,000,000 - - 13,500,000,000 - - 13,500,000,000

Amount outstanding at the beginning of the year 2003-2004

Increase capital during the year

Reduction in capital during the year

Sl. No

Increase in Capital during the year

Reduction in capital during the year

Balance outstanding at the end of the year 2004-2005

Particulars A/c Code

Amount Outstanding at the end of the year 2003-2004

ASSAM STATE ELECTRICITY BOARDCAPITAL FORMATION OF BOARD

SCHEDULE-33(A)CAPITAL FORMATION OF BOARD

Rs. Rs. Rs. Rs. Rs. Rs.751,928,098 33,592,511 1 Consumers Contribution 55.1 785,520,609 31,812,192 817,332,801 751,928,098 33,592,511 2 Total Consumers Contribution 785,520,609 31,812,192 817,332,801

- - 3 Subsidies towards cost Capital Assets 55.2 - - - 1,977,660,347 997,720,000 4 Grants towards cost of capital Assets 55.3 2,975,380,347 470,410,105 3,445,790,452

108,447,500 - 5 Donated Capital Assets 55.4 108,447,500 - 108,447,500 2,838,035,945 1,031,312,511 3,869,348,456 502,222,297 4,371,570,753

ASSAM STATE ELECTRICITY BOARDCONTRIBUTIONS,GRANTS AND SUBSIDIES TOWARDS COST OF CAPITAL ASSTS

SCHEDULE-34

Total at the end of the year 2004-05

Balance at the beginning of


Reveived during the previous year 2002-

03

TOTAL

A/c CodeBalance at the end of

the previous year 2003-04

Addition during the year 2004-05Sl.No Particulars

Balance at the beginning of


Addition during previous year

2003-04

Deduction during previous year 2003-04

Sl.No Particulars A/c Code

Balance at the end of the


Addition during the year 2004-05

Deduction during the year 2004-05

Balance at the end of the year

2004-05

Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.2,598,220 - - 1 General Reserve 56.100 2,598,220 - - 2,598,220

228,149,440 - - 2 Capital Reserve 56.200 228,149,440 - - 228,149,440 2,146,018,134 1,077,061,603 160,566,027 3 General Provident Fund 57.100-130 3,062,513,710 375,408,826 336,869,204 3,101,053,332

- - - 4 Staff Pension Fund 57.140 - - - - 2,376,765,794 1,077,061,603 160,566,027 5 Total Reserve 3,293,261,370 375,408,826 336,869,204 3,331,800,992

- - - 6 Reserve Fund 57.160 - - - - - - - 7 Total Reserve Fund - - - -

2,376,765,794 321,862,381 114,618,054 3,293,261,370 375,408,826 336,869,204 3,331,800,992 TOTAL

ASSAM STATE ELECTRICITY BOARDRESERVE AND RESERVE FUNDS

SCHEDULE-35


SCHEDULE FORMING PART OF THE ACCOUNTS

STATEMENT 4 STATEMENT OF ACCOUNTING POLICIES 1. Significant Accounting Policies

a. The financial statements have been prepared for the financial year starting 1 April, 2004 and ending 31 March 2005.

b. Basis of accounting

The financial statements have been prepared under the historical cost convention, on the accrual basis of accounting. The financial statements have been prepared to comply in all material respects with the provisions of the Electricity (Supply) Act, 1948 and the rules there under as amended in 1985. The following departures from the basic accounting principles and accounting policies have been made: i. Charging of Depreciation

Since the assets registers have not been maintained & brought up-to-date in many of the field units, the depreciation is being calculated & charged at the HQ level on the head wise consolidated Assets register as maintained at HQ.

ii. Stock Accounting Stock accounts of the Board maintained for construction project has been treated as “Capital Stores” and that for O&M purposes treated as “Operational Stores”.

iii. Provision for Bad & Doubtful Debts A provision for meeting debts which is likely to turn bad has been made in this account @15.9% of dues from consumers. In addition to the above, an amount of Rs.280,98,25,826 was also provided in accounts based on the figures of Revenue Demand Collection & Remittance Statement furnished by divisional officers/IRCA’s.

b. Fixed assets and depreciation

i. All fixed assets are stated at cost. Cost includes purchase price and all other attributable costs of bringing the assets to their working condition for their intended use.

ii. Depreciation for the period in respect of assets has been provided on straight

line method in terms of the Electricity (Supply) Act, 1948, on the basis of Central Government notification No.S.O.265 (E) dated 29 March, 1994.

iii. Boards Assets are not subject to any lien.

iv. Board assets have been insured as per requirement.

c. Revenue Recognition

i. Revenue from power supply is accounted for on the basis of billings to

consumers and includes unbilled revenues accrued up to the end of the accounting period.

ii. Delayed payment charges are applied on the arrears on a % decided by the

board from time to time. iii. UI (Unscheduled Interchange) Charges have been accounted for on cash

basis.

d. Taxes on Income

No income tax has been calculated for the current year due to loss during the year.

e. Consumer contribution to capital works

Consumers’ contribution towards cost of capital assets is treated as capital receipt and credited to a separate account.


SCHEDULE FORMING PART OF THE ACCOUNTS STATEMENT 5 MATTERS TO BE DISCLOSED IN NOTES TO ACCOUNTS REVENUE ACCOUNTS

a. Unconditional obligation for purchase of power: Under Power Purchase Agreement with M/s DLF Power Ltd., ASEB has

unconditional power purchase obligation to pay for the fixed charges on actual generation for drawl as well as on the Deemed Generation except in force majeure situation. In addition ASEB is obliged to reimburse minimum charge for contracted gas cost as incurred by the company in Deemed Generation Situations .The PPA with M/s DLF is for duration of 33 years with effect from February 1995

Post ABT, ASEB has an obligation to pay for capacity charges towards M/s

NEEPCO and M/s NHPC for the contracted capacity until the same or part thereof is surrendered.

b. The Board has unconditional right sale of power to any concern c. Coal receipt and stock receipt : NIL Under shutdown since March

2002 for uneconomic cost of generation.

Consumption : NIL d. Classification of expenditure (Schedule 6 to 18)

All expenses are reflected in the Revenue Accounts under natural head of accounts. Accordingly expenses shown under Purchase of power, Generation of power and Repair and Maintenance do not include any Employees Cost, Depreciation, Administration and General Expenses and Interest and Finance charges etc which are disclosed separately.

e. There is no generation at CTPS and BTPS and hence no fuel expenses made during the year except for preventive expenditure including employee cost for the plant.

f. The following variations in the Revenue Accounts compared to previous years has

been noticed due to reasons explained there against :-

1) Other debits of Rs 290.50 Crore as a provision for Bad and doubtful debts 2) Interest expense has decreased as explained under “Disclosure for Financial

Restructuring Plan”

g. No license has been taken over during 2004-2005. h. Detail of Auditors Remuneration

Period ended31.03.05

Rs. Audit Fees 6,23,890Tax Audit Fees 6,000Service tax reimbursement 612Total 6,30,502

i. Generation purchase and Sale of Power in Million Units :

Units Generated (MU)

Auxiliary Consumption (MU)

Net (MU)

Thermal Nil Nil Nil Hydel Nil Nil Nil Gas 756.435 35.494 720.941 Stand by Diesel Sets

Nil Nil Nil

Purchase (Net of PGCIL Losses)

2581.245

Sales within the state

1984.610

Inter-state sale 51.980 T&D Losses 1265.596 T&D Losses as a % of Total power available

38.94%

j. Generating Stations:-

I. Plants in operations since the beginning of the year.

Locations Capacity (MW) 1. N.T.P.S. 118.5 2. L.T.P.S. 120 3. M.G.T. (Galaki &

Kathalguri) ----

4. C.T.P.S. (No generation during the year) 5. B.T.P.S. (No generation during the year) TOTAL 238.5 MW

II. Plants commissioned during the year -- NIL III. Plants decommissioned during the year -- NIL IV. Any power station under trial stage during the year -- NIL

Other Matters

a. Commitment for Capital Expenditure: N.A. (Previous Year: N.A.) (Contract placed but not executed and not provided for works authorized but not contracted)

b. An amount of Rs.1.30 Crore has been spent on ADB related projects. c. Aggregate amount of Capital Liabilities falling due for repayment/redemption next

year

PFC 8.40 Crore d. e. As on the date of balance sheet, no conditions have remained unfulfilled on

Government grants, etc. f. Accumulated losses for the year 2004-05 (Assessment Year 2005-06) as per

admissibility in accordance with Income Tax Act and rules there under have not been determined yet.

g. Claims for RE Subsidy have not been provided in the Accounts as per commitment of the Government of Assam to provide Cash deficit.

h. Incentive receivable from NEEPCO of Rs. 54.25 Crore has not been accounted for pending confirmation from NEEPCO.

Disclosure for Financial Restructuring Plan

a. Government of Assam approved the FRP in October 2003 and agreed to assume the Board’s liabilities in respect of REC, LIC and defaulted interest and principal of ASE Bonds, Post Securitization dues of CPSUs, Government Loans, and non-CPSU dues. In view of the Transfer Scheme notified by Government and its effectiveness from 1st April 2005, the following interest accruals have not been made:

I. No Interest accrual has been made for the year 2004-2005 on LIC Loans and

REC Loans shown in balance sheet since actual interest liability is not serviceable by ASEB.

II. No Interest accrual has been made on the State Government Loan balance as

existing on March 31st 2003 since actual interest liability in respect of such interest has not accrued.

The following FRP transactions were actually effected during the year 2004-05 and have been included in the accounts as extraordinary credit or debit.

b. The liability of WBSEB has been discharged by Government of Assam. The amount

paid Rs. 50 Crore has been recognized as an extraordinary credit in the P&L and the related liability has been reduced.

c. The Liability for payment of ED for an amount of Rs. 59 Crore has been waived by

GoA and the same has been recognized as an extraordinary credit in the P&L and the related liability has been reduced.

d. Amount of Rs. 95 Crore received in cash from GoA for making payments to CPSU

dues has been recognized as an extraordinary credit in the P&L.

e. Bond Payments made, in respect of principal and interest due by ASEB, directly to bond holders has been recognized as an extraordinary credit in the P&L for an amount of Rs. 298.19 Crore. The bond overdue principal and interest liability has been reduced accordingly.

f. RE Subsidy claims on GoA has been adjusted by ASEB and an amount of 1181.59

Crore has been debited to the P&L account.

g. Surcharge waiver on municipal dues as settled between GoA and ASEB has been debited an amount of Rs 34.33 Crore.

h. Amount related to LIC loan repayment of Rs. 38.95 Crore received in cheque from

GoA on March 31st 2005 but realized in 2005-2006 has been accounted for as amounts received from GoA in respect of FRP and shall be adjusted in 2005-2006.

RS LAKH

PARTICULARS Account Code This Year 2004-2005 Previous Year 2003-2004

A Opening StockCapital 22.60/22.61 11,891.78 10,351.12 O&M 22.62/22.65 4,631.61 4,728.33

B PurchaseCapital 22.20-22.21 5,227.88 2,899.76 O&M 22.22/22.23 664.75 558.62

C Opening Stock plus purchase 22,416.02 18,537.83 D Issue for Consumption

Capital 22.30/22.31 828.81 513.60 O&M 22.32/22.33 1,385.60 697.56

TOTAL : 2,214.41 1,211.16 E Issue to Contractors

Issue 22.34/22.35 - 129.30 Returns 22.36/22.37 - - Net Issue - 129.30

F TOTAL ISSUE (D+E) 2,214.41 1,340.46 G Transfer Inward 22.40/22.41 4,113.30 1,664.01 H Transfer-Outward 22.42/22.45 3,192.76 2,382.36 I Material Stock Adjustment

Capital 22.50/51 (0.13) 2.15 O&M 22.52/53 14.55 42.22

TOTAL 14.42 44.37 J. Closing Stock

Capital 22.60/22.61 17,211.26 11,891.78 O&M 22.62/22.63 3,925.31 4,631.61

TOTAL 21,136.57 16,523.39 21 Reconciliation Reveivable Against Sale of Power A Opening Balance 23.1 37,576.03 31,080.04

23.2 2,596.19 2,362.35 23.4 4,435.34 3,869.55 23.5 701.97 326.49 23.6 916.07 991.34 23.7 17,934.03 16,195.78

Total ( A ) 64,159.63 54,825.55 B Revenue from Sale of Power 61.1 1,002.95 NIL

61.2 82,126.76 77,122.52 61.3 748.63 941.89 61.4 2,853.36 2,378.28 61.6 816.19 863.62 61.7 3.05 - 61.9 3,058.89 2,863.60

C Total Electricity Duty & Other Levies 61.50 to 61.539 479.25 532.50 D Delayed payment charges 62.25 745.80 428.09 E Total Debits ( B To D ) 91,834.89 85,130.50 F Total ( A+E ) 155,994.52 139,956.05 G Collection from Consumers/Ad) 23.3 60,520.37 66,208.13 H Discount to consumers for timely payment of bill 78.820 to 78..839 609.56 483.19 I Bad Debts written off/provided 79.460 29,260.36 9,105.10 J. Security Deposit from permanently disconnected consumers adjustmemtK Total Credit (G TO J ) 90,390.28 75,796.42 L Closing Balance (F - K) 65,604.24 64,159.63

Reconsiliation of receivalbe against Sale of PowerM Break Up Closing Balance 23.1 41,209.58 37,576.03

23.2 2,861.93 2,596.19 23.4 3,926.14 4,435.34 23.5 707.76 701.97 23.6 916.08 916.07 23.7 15,982.75 17,934.03

TOTAL 65,604.24 64,159.63 Increase in receivable ( L-A ) 1,444.61 9,334.08

NOTES TO ACCOUNTSSTATEMENT 5


REVENUE

1 Revenue from sale of Power - - 9,060,983,797 - - 9,060,983,797

2 Revenue Subsidies and Grants(See Note 3) - - 696,937,838 - - 696,937,838

3 Other Income 11,520,055 346,675 56,724,385 2,043,159 302,257,708 372,891,982

4 TOTAL INCOME 10,130,813,617

1 Purchase of Power (Put in total Column) 5,551,286,875

2 Generation of Power

Fuel Consumption 580,873,764 580,873,764

Other Fuel related cost - -

Operating Expenses 1,940,423 1,940,423

Sub Total 582,814,187 582,814,187

Fuel related losses - -

TOTAL 582,814,187 582,814,187

3 Repair and Maintenance 21,884,080 21,694,303 101,340,507 13,079,914 1,859,865 159,858,669

4 Employee Cost 328,241,000 346,440,991 2,106,417,960 47,367,923 66,868,766 2,895,336,640

5 Administration and General Expenses 10,131,235 13,437,418 62,932,308 10,307,897 28,356,505 125,165,363

6 Depreciation & related Debits (Net) 503,948,642 47,317,511 637,399,538 - 1,802,307 1,190,467,999

7 Interest and Finance charges 684,879,386

8 Other Debits and extraordianary expenses 1 - 23,712,520 (12,327,579) 9,829,153,514 9,840,538,456

9 Total Expenses 21,030,347,575

10 Less expenses Capitalised 19,008,681

11 Add Expenses Re-allocated/prior period charges (767,800,233)

Net Expenses 20,243,538,661

NOTE : 1. The function shown in this schedule are only illustrative. Actually the analysis would be for these functions

which are incorporated in the location codes assigned to accounting units.

2. To be shown in the column of the function the subsidy/grant related to.

3. This being the income acconts group for different types of income including miscellaneous receipts, each function is likely to

have some amount of income.

SL.NO.


Management & Administration Total

FUNCTION WISE ANALYSIS OF REVENUE AND EXPENSESSTATEMENT 6

Function (See Note I Below) Generation Hydel Thermal Gas Transmission Distribution Stores

Organisation

RS LAKH

Fund provided by :

Profit before tax (excluding Revenue Subsidies and Grants) (101,127.25) (65,547.74)

Less: Tax payment during the year

Add: Debits to Revenue Account Net requiring cash Outlay

Depreciation 11,603.92 11,536.82

Amortisation of deferred cost

Amortisation of intangible assets Less: Credits to Net Revenue and Appropriation Accounts not involving cash receipt NIL NIL

Net Funds from Earning (89,523.33) (54,010.92) Receipt of Revenue subsidies and grants contribution grants and subsidies towards cost of capital assets 5,022.22 10,313.13

Proceeds from disposal of fixed assets

FUNDS FROM OPERATION: (84,501.10) (43,697.79)

Increase/ Decrease in Working Capital :

Stock (1,177.93) 1,433.29

Receivable against supply of power (27,605.71) 228.98

Loans and Advances (101.58) 385.38

Sundry Receivable (1,298.15) (7,149.28)

Subsidy

Sub Total (30,183.37) (5,101.63)

Security Deposit from Consumers 1,546.21 1,557.89

Current and accrued liabilities (23,136.47) 10,688.90

Reserves 385.40 9,164.96

Net Increase/Decrease in working capital (8,978.51) (26,513.38)

Increase/Decrease in Cash and Bank Balances 17,183.22 6,805.69

Increase/ Decrease in borrowing for Working Capital : 8,204.71 (19,707.69)

Funds utilised on working capital (92,705.82) (23,990.10)

NET FUNDS FROM OPERATIONS (92,705.82) (23,990.10)

FUNDS UTILISED ON CAPITAL EXPENDITURE:

On Project 11,916.18 2,961.71

Intangeble assets

Deferred Cost (1,839.05) 0.98

Total Capital Expenditure 10,077.13 2,962.69

Shortfall in Capital Funds met from external sources (102,782.95) (26,952.79)

NET INCREASE/DECREASE IN CAPITAL LIABILITIES

FRESH BORROWINGS

State Loans 25,742.49 8,830.80

Foreign Currency Loans/Credits

Other Borrowings 2,599.48 267.66

Less Repayment :

State Loans 12,300.00 10,808.37

Foreign Currency Loans/Credits

Other Borrowings 826.57 830.58

Increase/Decrease in payment due to Capital liabilities (32,134.11) 37,516.50

NET INCREASE/DECREASE IN CAPITAL LIABILITIES (16,918.70) 34,976.01

Net Increase/Decrease in investments (1,538.01) 8,023.22

NET CAPITAL FUNDS FROM EXTERNAL SOURCES (15,380.70) 26,952.79

Net funds from opetations as percentage of total capital Expenditure

ASSAM STATE ELECTRICITY BOARDSTATEMENT 7

SOURCES AND USES OF FUNDS

This Year 2004-2005

Previous Year 2003-2004

SL. NO. PARTICULARS

1 Original Cost of Fixed Assets 19 19,603,397,920 19,186,968,905

2 Less: Accumulated Depreciation 19 13,865,915,929 12,712,233,246

3 Net Block ( 1 - 2 ) 5,737,481,991 6,474,735,659

4 Consumers Contribution 34 785,520,609 751,928,098

5 Capital Base (3-4) i.e value of fixed assets in Service

at the beginning of the year under Section 59 4,951,961,382 5,722,807,561

6 Surplus (Under Section 59) (10,112,725,044) (5,662,931,836)

7 Surplus as a % of Capital base (Under Section 59) -204.22% -98.95%

At the previous year 2002-2003


STATEMENT OF CAPITAL BASE AND SURPLUS

UNDER Section 59 of the Electricity (Supply) Act 1948)

STATEMENT -8

At the beginning of this year 2003-2004 ScheduleParticularsSL. No.

1 Installed Generation capacity (in M.W.) at the year end

Hydel 2.00 2.00

Thermal 300.00 300.00

Gas 272.40 272.40

TOTAL 574.40 574.40

2 Normal Maximum Demand on the System (in M.W.)

a) Restricted Off peak 400 MW/Peak 610 MW

b) Unrestricted Off peak 400 MW/Peak 720 MW

4 Plant Load Factor 15.08% 16.75%

5 Generation (in Million KWH) :

Hydel NIL NIL

Thermal NIL NIL

Gas 756.435 710.669

Stand by Diesel Sets NIL NIL

TOTAL OF 5 756.435 710.669

6 Auxiliary Consumption (in Million KWH) : 35.494 33.47

7 Power Purchases (in Million KWH) Sources

i) Me.S.E.B 7.396 7.72

II) NEEPCO 2463.451 1995.836

III) N.H.P.C. 161.6 130.496

IV) P.T.C. 120.464 366.742

V) D.L.F. 135.218 130.55

VI) N.T.P.C. NIL 80.945

VII) Less Transmission loss in PGCIL Net work (in Million KWH) -126.294 -95.685

VIII) Less:UI sale (in Million KWH) -180.59

TOTAL OF 7 (in Million KWH) 2581.245 2616.604

ASSAM STATE ELECTRICITY BOARDStatement of Technical Particulars

STATEMENT -9

N.A.Plant capacity available at the time maximum system demand was met (as a % of Declared Net capacity of geneating stations)

SL. No. Particulars

3

Previous Year 2003-2004This year 2004-2005

ASSAM STATE ELECTRICITY BOARDStatement of Technical Particulars

STATEMENT -9

SL. No. Particulars Previous Year 2003-2004This year 2004-

2005

8 Total Power available for sale (in Million KWH) (5+7-6) 3302.186 3293.803

9 Interstate Sale of Power(in Million KWH) (PTC) 51.98

10 Power available for Sale within the State (in Million KWH) 3250.206

11 Power Sold within the State(in Million KWH) 1984.61 2098.59

12 Transmission and Distribution Losses (in Million KWH) (10-11) 1265.596 1195.213

As a % of total power available for sale 38.94% 36.29%

11 Fuel : a) Consumption

Coal (MT) NIL NIL

RFO/FO (KL) NIL NIL

L.D. Oil/HSD (KL) NIL NIL

L.S.H.S. (KL) NIL NIL

Gas (MMSCM) 293.21 305.66

HFO (KL) NIL NIL

Coal NIL NIL

RFO/FO NIL NIL

L.D. Oil/HSD NIL NIL

LSHS NIL NIL

Natural Gas 8572 k CAL/ M3 8692 k CAL/ M3

c)Consumption per unit of Generation (in Kg/Kwh) Coal.RFO/FO,LD Oil/HSD

* This includes 51.849 MU free power received from NEEPCO

NIL

* This includes 66.785 MU free

power received from NEEPCO

NIL

b) Average calorific value per Kg. of fuel consumption(in K.Cal/Kg)

I) Domestic 957674 1001659 784223 870691

II) Commercial 130382 248132 122882 234641

III) Public Lighting 535 2893 534 2715

IV) Irrigation and Dewatering 1460 56722 1915 57568

V) Public Water Works 2017 22527 1433 22346

VI) Industrial (LT/HT Power ) LT 5385 105911 4753 58001

Intensive Special ) HT 4348 206934 4660 233022

VII) Railway Traction

VIII) Bulk a) Tea, Rubber Garden/Coffee 856 284272 934 298336

b) Others 621 154491 609 152249

IX) Outside supplies (Inter- State Sale through PTC) 1

x) Miscellaneous (Unmetered) 450

a) Domestic 117107 62673

b) Commercial 3835 2937

XI) General category 18165 49529 16948 43975

TOTAL 1121894 2133070 1059833 2039154

Number of Consumers

Connected Load in KW12 Sale of Power Consumer Category Connected

Load in KWNumber of Consumers

Particulars This year 2004-2005 Previous Year 2003-2004


Statement of Technical Particulars

STATEMENT -9

SL. No.

submission of text and affidavit to assam electricity regulatory …aerc.gov.in/aseb trading...

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