submission of text and affidavit to assam electricity ... · submission of text and affidavit to...

AEGCL ARR & Tariff FY 13-14 To 15-16AEGCL

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ANNUAL REVENUE REQUIREMENT & TARIFF

PROPOSAL FOR FY 2013-14 TO FY 2015-16

Submission of Text and Affidavit

To

Assam Electricity Regulatory Commission

By

Assam Electricity Grid Corporation Limited

Bijulee Bhawan, Paltanbazar

Guwahati – 781 001


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BEFORE THE HON’BLE ASSAM ELECTRICITY REGULATORY COMMISSION

Petition No. __________

Case No._____________

(to be filed by the Office)

IN THE MATTER OF

Filing of Annual Revenue Requirement &

Tariff Proposal for FY 2013-14, FY 2014-15 & 2015-16

IN THE MATTER OF


Bijulee Bhawan, Paltanbazar,

Guwahati – 781 001. Petitioner

I, Sri Golap Kumar Das son of Late Boloram Das aged 57 years residing at Guwahati do

solemnly affirm and say as follows:

I am the Managing Director of Assam Electricity Grid Corporation Limited, the petitioner in

the above matter and am duly authorized by the said Petitioner to make this affidavit for and

on behalf of the Assam Electricity Grid Corporation Limited.

The Statement made in the Petition based on information received from official records and I

believe them to reflect truly and no material has been concealed from the statements so

made or documents or supporting data etc. attached.

Solemnly affirm at Guwahati on 11th day of April, 2013 that the contents of this affidavit are

true to my knowledge, no part of it is false or no material has been concealed therefore and

misleading material included therein.

Place: Guwahati Deponent

Date 11-4-2013

_________

By order of the Commission

Secretary of the Commission


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BEFORE THE HON’BLE ASSAM ELECTRICITY REGULATORY COMMISSION

FILING NO. ………………..

CASE NO. ………………….

IN THE MATTER OF: Petition for the approval of the Annual Revenue Requirement for

the period from 1 April 2013 to 31 March 2016.

AND

IN THE MATTER OF: Assam Electricity Grid Corporation Limited incorporated under the

provisions of the Companies Act, 1956 and having its registered

office in the State of Assam.

THE HUMBLE APPLICANT ABOVE NAMED MOST RESPECTFULLY SUBMITS:

1. That the Assam Electricity Grid Corporation Limited, hereinafter named as AEGCL, is a

successor corporate entity, formed in pursuant to the notification of the Government of

Assam, notified under sub-sections (1), (2), (5), (6) and (7) of Section 131 and Section

133 of the Electricity Act 2003 (Central Act 36 of 2003), for the purpose of transfer and

vesting of functions, properties, interests, rights, obligations and liabilities, along with the

transfer of Personnel of the Board to the successor corporate entities.

2. That the Assam Electricity Grid Corporation Limited is a company incorporated with the

main object of undertaking electricity transmission in the state of Assam as State

Transmission Utility (STU).

3. That the Assam Electricity Grid Corporation Limited is a deemed licensee under the

provisions laid down in Section 14 Proviso 5, read with Section 131 (2) of the Electricity

Act 2003.

4. That the licensee is now filing the petition for the approval of its Annual Revenue

Requirement for the financial years 2013-14, 2014-15 and 2015-16 proposal for the

approval of wheeling charges for the financial year 2013-14, 2014-15 & 2015-16.

(PETITIONER)


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Table of Contents 1 Introduction

1.1 Assam Electricity Grid Corporation Limited 1.2 Assam Electricity Regulatory Commission 1.3 Tariff Orders Issued 1.4 Legal & Regulatory Framework

2 Executive Summary

2.1 Executive Summary 2.2 Annual Performance for FY 2009-10 2.3 Annual Performance Review for FY 2010-11 2.3.3 Revenue Gap for FY 2009-10 & 2010-11 2.4 Aggregate Revenue Requirement FY 2013-14 to 2015-16

3 Aggregate Revenue Reqirement For FY 2013 -14 to 2015-16 3.5 SLDC Charges/ARR 3.6 Capital Expenditure 3.7 Funding of CAPEX 3.7 Operation & Maintenance Expenses 3.8 Depreciation 3.9 Interest on Loan 3.10 Interest on Working Capital

3.12 Return on Equity

3.13 Taxes.

3.14 Non-Tariff Income

3.15 Bulk Supply Tariff

3.16 Aggregate Revenue Requirement for FY 2013-14 to 2015-16

3.20 Revenue gap for FY 2009-10 & 2010-11


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CHAPTER ‘1’


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1 Introduction

1.1 Assam Electricity Grid Corporation Limited

1.1.1 Assam Electricity Grid Corporation Limited, herein named as AEGCL, is a successor

entity, formed in pursuant to the notification of the Government of Assam, notified

subsections (1), (2), (5), (6) and 7 of section 131 and section 133 of the Electricity

Act 2003, for the purpose of transfer and vesting of functions, properties, interests,

rights, obligations and liabilities, along with transfer of personnel of the Board to the

successor corporate entities.

1.1.2 AEGCL is responsible for the wheeling and transmission of power in the State of

Assam as the State Transmission Utility (STU). AEGCL also has the responsibility of

dispatching and scheduling of power in the state through the State Load Despatch

Centre (SLDC).

1.1.3 AEGCL has started functioning independently from 10th December, 2004 as per the

Assam Electricity Reform First Transfer Scheme which was notified by the Government

of Assam vide PEL.151/2003/pt/165 dated 10th December, 2004.

1.1.4 The Government of Assam vide notification No. PEL.151/2003/Pt/349 dated 16th

August, 2005 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 First Transfer Scheme.

1.2 Assam Electricity Regulatory Commission

1.2.1 The Assam Electricity Regulatory Commission (hereinafter referred to as the AERC or

the Hon’ble Commission) was established under the Electricity Regulatory

Commissions Act (hereinafter referred to as the ERC Act), 1998 on February 28, 2001.

The AERC came into existence in August 2001 as a one-man Commission.

Subsequently, the Electricity Act 2003 was enacted on 26th May 2003, repealing the

previous Electricity Acts, giving provision for State Electricity Regulatory Commission.

Considering the multidisciplinary requirements of the Commission, it was made a

multimember one, constituting three Members (including Chairperson) from 27th

January, 2006. The Commission has started functioning as Multimember Commission

on joining of two members from 1st February, 2006.

1.2.2 The Commission is mandated to exercise the powers and functions conferred under

Section 181 of the Electricity Act 2003 (36 of 2003) (hereinafter referred to as the

Act) and to exercise the functions conferred to it under Section 86 of the Act.

1.2.3 Functions of the Commission


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The functions of the Hon’ble Commission as mandated under the section 86 of

Electricity Act 2003 which are re-iterated below as:-

1.2.3.1 To determine the tariff for generation, supply, transmission and wheeling of

electricity, wholesale, bulk or retail, as the case may be, within the State;

1.2.3.2 Providing that where open access has been permitted to a category of consumers

under section 42, the State Commission shall determine only the wheeling charges

and surcharge thereon, if any, for the said category of consumers;

1.2.3.3 Regulate electricity purchase and procurement process of distribution licensees

including the price at which electricity shall be procured from the generating

companies or licensees or from other sources through agreements for purchase of

power for distribution and supply within the State;

1.2.3.4 Facilitate intra-state transmission and wheeling of electricity;

1.2.3.5 Issue licenses to persons seeking to act as transmission licensees, distribution

licensees and electricity traders with respect to their operations within the State;

1.2.3.6 Promote cogeneration and generation of electricity from renewable sources of

energy by providing suitable measures for connectivity with the grid and sale of

electricity to any person, and also specify, for purchase of electricity from such

sources, a percentage of the total consumption of electricity in the area of a

distribution licensee;

1.2.3.7 Adjudicate upon the disputes between the licensees, and generating companies

and to refer any dispute for arbitration;

1.2.3.8 Levy fee for the purposes of this Act;

1.2.3.9 Specify State Grid Code consistent with the Grid Code specified under clause (h) of

sub-section (1) of section 79;

1.2.3.10 Specify or enforce standards with respect to quality, continuity and reliability of

service by licensees;

1.2.3.11 Fix the trading margin in the intra-State trading of electricity, if considered,

necessary; and

1.2.3.12 Discharge such other functions as may be assigned to it under this Act.

1.2.4 The State Commission shall advise the State Government on all or any of the

following matters, namely:-.


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1.2.4.1 Promotion of competition, efficiency and economy in activities of the electricity

industry;

1.2.4.2 Promotion of investment in electricity industry;

1.2.4.3 Reorganization and restructuring of electricity industry in the State;

1.2.4.4 Matters concerning generation, transmission, distribution and trading of electricity

or any other matter referred to the State Commission by that Government.

1.2.5 The State Commission shall ensure transparency while exercising its powers and

discharging its functions.

1.2.6 In discharge of its functions the State Commission shall be guided by the National

Electricity Policy, National Electricity Plan and tariff policy published under section 3 of

Electricity Act 2003.

1.3 Tariff Orders Issued

1.3.1 The final Tariff Order was issued as an unbundled entity, Assam State Electricity

Board herein referred to as ASEB, on 6th August 2004 for FY04-05. The Hon’ble

Commission later to this tariff order has accepted tariff petitions and issued tariff

orders for each unbundled entities separately. The tariff petitions later to this were

filed separately by the Generation Company, Transmission Company, Three

Distribution Companies and the Trading Company.

1.3.2 The Hon’ble Commission thereafter issued the tariff orders FY 05-06 for Assam State

Electricity Board and successor entities, the Generation Company – Assam Power

Generation Company Limited (APGCL), the Transmission Company – Assam Electricity

Grid Corporation Limited (AEGCL), three Distribution Companies – Upper Assam

Electricity Grid Corporation Limited (UAEDCL), Central Assam Electricity Distribution

Company Limited (CAEDCL) & Lower Assam Electricity Distribution Company Limited

(LAEDCL) and the residual company with powers of trading & bulk power

purchase/supply – Assam State Electricity Board. The tariff order was issued by the

Hon’ble Commission on 27th May 2005.

1.3.3 The hon’ble Commission issued the tariff order FY 06-07 on 28th July 2006. The

Hon’ble Commission in the tariff order mentioned to implement the Multi Year Tariff

framework from FY 07-08 onwards.

1.3.4 Subsequently ASEB and its successor entities, filed the petition under the Multi Year

Tariff framework as per the provisions of the Terms & Conditions of Tariff

Regulations, 2006 for a 3 year control period from FY 07-08 to FY 09-10 and FY 10-11

to FY 12-13. Subsequently, the Hon’ble Commission approved the Annual Revenue

Requirement (ARR) & Tariff issued tariff order for FY 08-09 to FY 09-10.


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1.3.5 The hon’ble Commission issued the tariff order for the FY 2010-11, 2011-12 & 2012-12 on 16th May 2011.

1.4 Legal & Regulatory Framework

1.4.1 As per the functions of the State Commission, mandated under section 86 of

Electricity Act mentioned in the Para 1.2.3 above, for determination of tariff for a

licensee and the provisions of Terms & Conditions for determination of Tariff

Regulations, 2006 under section 3,5,6 and 7, the transmission utility is required to file

its Annual Revenue Requirement & Tariff periodically. The sections 3, 5, 6 and 7 are

re-iterated below for reference.

1.4.2 Section 3 of the Terms & Conditions for determination of Tariff Regulations, 2006 lays

down the approach to determine the tariff for the licenses and the provisions are

reiterated below.

1.4.2.1 The Commission shall determine the tariff in accordance with Sections 61 and 62

of the Electricity Act, 2003 (36 of 2003). As per Section 61, the Commission shall be

guided by the following, namely:-

a) The principles and methodologies specified by the Central Commission for

determination of the tariff applicable to generating companies and transmission

licensees;

b) The generation, transmission, distribution and supply of electricity are conducted

on commercial principles;

c) the factors which would encourage competition, efficiency, economical use of

resources, good performance and optimum investment;

d) safeguarding of consumers’ interest and at the same time, recovery of the cost of

electricity in a reasonable manner;

e) the principles rewarding efficiency of performance;

f) multi-year tariff principles;

g) The tariff progressively, reflects the cost of supply of electricity, and also, reduces

and eliminates cross-subsidies within the period to be specified by the

Commission;

h) The promotion of cogeneration and generation of electricity from renewable

sources of energy; and

i) The National Electricity Policy and tariff policy.


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down the approach for periodicity of ARR & tariff determination for the licenses and

the provisions are reiterated below.

1.4.4 No tariff or part of any tariff may ordinarily be amended, more frequently than once in

any financial year, except in respect of any changes expressly permitted under the

terms of any fuel surcharge formula as may be specified in terms of subsection (4)

of Section 62 of the Act specified in regulation 9 of these Regulations.

1.4.5 Subject to other provisions of these Regulations, the expenses allowed to be recouped

for any financial year, shall be subject to adjustments in any tariff to be fixed for the

subsequent period, if the Commission is satisfied, that such adjustments for the

excess amount or shortfall in the amount actually realized or expenses incurred is

necessary and the same is not on account of any reason attributable to the licensee.

1.4.6 In accordance with the principle of multi-year tariffs, the Commission shall define the

periodicity for tariff determination that will apply for a number of years during a

control period as follows:

Function Control Period

Generation 5 years from April 2006

Transmission 3 years from 1 April 2006

Distribution 3 years from 1 April 2006

Note: For example if the Tariff determination period is 2006-07, the

Control Period shall be 2006-07, 2007-08 and 2008-09.


down the approach & methodology to be adopted for ARR & tariff determination for

the licenses and the provisions are reiterated below.

1.4.8 The licensee and generating company shall file a tariff petition annually with the

Commission to determine changes to the current tariff not later than 1st December

unless an extension is granted by the Commission upon application.

1.4.9 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

1.4.10 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 the previous year are not available, audited


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accounts for the latest previous year should also be filed along with unaudited

accounts for all the succeeding years.

1.4.11 If a person holds more than one license 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 license or area of transmission or distribution.

1.4.12 In its tariff petition, a generating company shall submit information to support the

determination of tariff for each generating station.

1.4.13 Section 7 of the Terms & Conditions for determination of Tariff Regulations, 2006

lays down the approach for adoption of Multi Year Tariff framework for the licenses

and the provisions are reiterated below.

1.4.14 The licensee and generating company shall file petitions with the Commission six

months prior to the commencement of the control period proposing the tariff

determination principles to be applied by the Commission or such shorter period that

the Commission may specify.

1.4.15 The licensee and generating company shall also submit financial information for the

previous year and forecasts for current year, ensuing year and the years up to the

end of the control period as given below:

a) Actual audited data of the last financial year (e.g., 2004-05 if year one of the

control period is 2006-07) and if the same is not audited the audited data of

the latest financial year accompanied by unaudited data of the subsequent

years.

b) Current Year’s estimates

c) Projections for the control period years e.g. 2006-07 and 2007- 08, 2008-09.


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CHAPTER ‘2’


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CHAPTER 2

2. Executive Summary 2.1. Preamble 2.1.1. This section highlights the summary of the Performance

of AEGCL, during FY 2009-10, Annual Performance Review for FY 2010-11 and Tariff Proposal for FY 2013-14 to 2015-16 .

2.2 Annual Performance of FY 2009-10. 2..2.1 Based on Audited Annual Report of AEGCL for FY 2009-10, the

performance of AEGCL has laid down in the below mentioned table. Detailed comparison of the Performance has been dealt in the Section 3 of the Petition.

2.3 The Tariff order dated 28-02-2013 against Petition No. 14/2012 & Suo Motu Case No. 2/2012 for true Up for the period FY 2009-10 and Fy 2010-11, Review for FY 2011-12, determination of revised ARR for FY 2012-13 and Transmission Tariff for FY 2012-13 has been considered fror arriving the the Tariff Proposal of FY 2013-14 to FY 2015-16.

Table 1: AEGCL - Annual Performance of FY 2009-10

Rs In Crore

2009-10 Controllable

Uncontrollable

Sl No Particulars Approved Actual Revised Claims

1 PGCIL Charges 113.90 170.16 170.16 - 56.26

2 Operation & Maintenance Expenses 95.45 77.15 77.15

2.1 Employee Cost 75.33 64.45 64.45 (10.88)

2.2 Repair & Maintenance 17.53 7.90 7.90 (9.63)

2.3 Administrative & General Expenses 2.59 4.80 4.80 2.21

3 Depreciation 14.14 16.66 16.66 2.52

4 Interest and Finance Charge 6.70 29.84 29.84 23.14

5 Interest on Working Capital 9.12 - 8.78 (0.34)

6 Other Debits 0.40 0.11 0.11 (0.29)

7 BST for Pension Trust Fund 48.26 48.26 - -

SLDC Charges 2.26 (2.26)

9 Provision for Bad Debt - - - -

10 Net prior period expenses - -

11 Other expenses Capitalised - -

12 Sub total (1+2+(3to 10) 290.23 342.18 350.96 (7.42) 68.15

13 Return on Equity 13.99 - 13.99 - -

14 Provision for tax/ tax paid 0.11 0.32 0.32 0.21

15 Total Expenditure (12 to 14) 304.33 342.50 365.27 (7.42) 68.36

16 Less Non Tariff Income 2.87 13.62 13.62 - 10.75

17 Aggregate Revenue Requirements (15-16) 301.46 328.88 351.65 (7.42) 57.61

18 Revenue with approved Tariff 301.47 301.47 301.47

19 Other Income (Misc) - - -

20 Total Revenue Before Subsidy (18+19) 301.47 301.47 301.47

21 Agriculture Subsidy - - -

22 Other subsidy - -

23 Total Revenue after subsidy 301.47 301.47 301.47

24 Allowed in true up for ' 07-08 (difference in PGCIL charges)

25 Gap/ surplus 0.01 (27.41) (50.18)

Note: The Actual & Revised claims are include SLDC charges.


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2.3. Annual Performance Review of FY 2010-11 2.3.1. The performance of AEGCL based on Annual Financial statements of

FY 2010-11 and the comparison of Annual Performance Review for FY 2010-11 vis-à-vis the figures approved by the Hon’ble Commission is being depicted as under:

Table 2: AEGCL - Annual Performance Review for FY 2010-11 Rs Crore

2010-11

Controllable Uncontrollable

Sr No Particulars Approved Actual Revised Claim

1 PGCIL Charges 134.24 178.34 178.34 44.10


2.1 Employee Cost 69.61 81.42 81.42 11.81

2.2 Repair & Maintenance 8.69 7.35 7.35 (1.34)

2.3 Administrative & General Expenses 4.01 3.69 3.69 (0.32)

3 Depreciation 14.69 30.33 30.33 15.64

4 Interest and Finance Charge 30.11 28.10 28.10 (2.01)

5 Interest on Working Capital 8.32 -

10.33 2.01

6 Other Debits - 0.19 0.19 0.19

7 SLDC Charges 1.84 - - (1.84)

8 BST for Pension Trust Fund 72.92 72.92 76.46 3.54

9 Provision for Bad Debt - - - -

10 Net prior period expenses - - -

-

11 Other expenses Capitalised - - - - -

12 Sub total (1+2+(3to 10)) 344.42 402.34 416.21 (1.66) 73.44

13 Return on Equity 13.99 -

13.99 -

14 Provision for tax/ tax paid 2.79 - - (2.79)

15 Total Expenditure (12 to 14) 361.21 402.34 430.20 (1.66) 70.65

16 Less Non Tariff Income 20.00 7.02 7.02 - (12.98)

17 Aggregate Revenue Requirements (15-16) 341.21 395.32 423.18 (1.66) 83.63

18 Revenue with approved Tariff 341.21 341.21 341.21

19 Other Income (Misc) -

- -

20 Total Revenue Before Subsidy (18+19) 341.21 341.21 341.21

21 Other subsidy - - -

22 Total Revenue after subsidy 341.21 341.21 341.21

23 Gap/ surplus - (54.11) (81.97)


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2.3.2. As per mechanism specified in the MYT Regulation 2006, AEGCL

proposes to pass on total gain / losses on account of controllable factors and total gains / losses on account of uncontrollable factors to the DISCOMs. Adjusting these gains / losses, the net entitlement for the FY 2009-10 and FY 2010-11 works out to Rs. 50.18 Crore and Rs 81.97 Crore respectively.

2.3.3. This revised Aggregate Revenue Requirement is compared against the amount of Income under various heads , Other Income and Other Subsidies summing up to a Total Revenue of Rs. 301.47 Crore and Rs 341.21 Crore for FY 2009-10 and 2010-11 respectively. Accordingly, total Revenue Gap of AEGCL for FY 2009-10 and FY 2010-11 after treatment of gains/losses due to controllable/uncontrollable factors is computed at Rs 50.18 Crore and Rs 81.97 Crore respectively , which is being carried forward to the next MYT ARR as depicted in the Table below:

Table 3 : Revenue Gap for FY 2009-10 and FY 2010-11 Rs Crore

Sr No Particulars 2009-10 2010-11

1 ARR Originally Approved 301.46 341.21

2 Gain Loss on Account of Uncontrollable factors 57.61 83.63

3 Gain Loss on Account of Controllable factors (7.42) (1.66)

4 Revised ARR 351.65 423.18

5 Revenue with Approved Tariff 301.47 341.21

6 Other Income - -

7 Total Revenue Before Subsidy (5+6) 301.47 341.21

8 Agricultural subsidy - -

9 Other Subsidy - -

10 Total revenue after Subsidy (7+8+9) 301.47 341.21

11 Allowed in true up for ' 07-08 (difference in PGCIL charges)

12 Revised Gap after treating Gain & Loss due for controllable & Uncontrollable Factors (4-10) 50.18 81.97

2.4 Truing Up of FY 2009-10 and FY 2010-11

Considering facts and figures as per the audited annual accounts, an amount of Rs. 334.40 Crore is approved in the truing up for the FY 2009-10 with deficit of Rs.19.31 Croreand an amount of Rs. 378.93 Crore is approved in the truing up of FY 2010-11 with a deficit of Rs. 37.72 Crore.The deficit of Rs. 19.31 Crore of truing up for FY 2009-10 together with the deficit for FY 2007-08 1nd FY 2008-09 at Rs. 39.75 crore totaling to Rs. 59.06 Crore and the deficit of Rs. 37.72 Crore of truing up of 2010-11 in all totallingRs.96.78 Crore is considered while considering Net Revenue Requirement of FY 2013-14 Aggregate Revenue Requirements for FY 2013-14 to 2015-16 2.4.1 AEGCL has projected its Aggregate Revenue requirements based on

Annual Performance Review of FY 2009-10 and FY 2010-11. The basis of such projections has been dealt in detail in Section 3 of the Petition. As a result of detailed Annual Performance Review and


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guiding principles of the MYT Regulation 2006, AEGCL has treated the losses obtained on account of controllable and uncontrollable factors by the way of pass through to the Annual Revenue Requirement for FY 2013-14 and thereby to the Tariff proposed for FY 2013-14 Based on mechanisms prescribed in the MYT Regulation 2006 issued by the Hon’ble Commission, AEGCL proposes to pass losses incurred in the FY 2009-10 and FY 2010-11 to the DISCOMs by way of adjustment in the tariff.

2.4.2. Based on Annual Performance Review of FY 2009-10 and FY 2010-11, the Aggregate Revenue Requirement (ARR) of AEGCL for FY 2013-2016 is estimated as under:

Table 4:AEGCL- Aggregate Revenue Requirement for FY 2013-14 to 2015-16

Rs In Crore

2011-12 2012-13 2013-14

2014-15

2015-16

Sl No Particulars Approved Proposed Approved Proposed

Proposed

Proposed

Proposed

1 PGCIL Charges 134.24 134.24 134.24 200.00 212.51 233.76 257.14

2 Operation & Maintenance Expenses

2.1 Employee Cost 75.18 85.44 81.19 92.28 116.84 124.81 133.01

2.2 Repair & Maintenance 9.56 21.56 10.51 23.72 28.72 34.17 59…15

2.3 Administrative & General Expenses 4.25 4.41 4.51 4.85 5.03 5.10 5.23

3 Depreciation 23.27 56.96 32.83 93.23 69.32 77.45 86.73

4 Interest and Finance Charge

54.23 71.89 72.80 83.02 59.01 59.56 91.63

5 Interest on Working Capital 9.58 11.14 11.35 13.15 14.11 16.45 19.05

6 Other Debits - 0.28 -

0.28 0.21 0.21 0.21

7 BST for Pension Trust Fund 82.14 119.82 93.45 133.92 134.72 146.80 159.04

8 Provision for Bad Debt - - -

9 SLDC Charges 1.92

1.92

2.01

2.01 - - -

10 Other expenses Capitalised - - - -

11 Sub total (1+2+(3to 10)) 394.37 507.66 308.65 640.47 698.31 811.19

12 Return on Equity 13.99 27.29 13.99 27.29 27.29 27.29 27.29

13 Provision for tax/ tax paid 2.79 -

2.79 - - - -

14 Total Expenditure (11 to 13) 411.14 534.95 439.67 673.75 667.76 725.6 838.48

15 Less Non Tariff Income 20 9.42 20 9.05 27.80 27.80 28.11

16 Aggregate Revenue Requirements (14-15) 391.14 525.53 439.67 664.70 640.76 697.80 810.37

17 Revenue with approved Tariff 391.14 439.67

18 Other Income - - - - -

19 Total Revenue Before Subsidy (17+18) 391.14 - 439.67

- - -

-

20 Agriculture Subsidy - - -

-

-

-

21 Other subsidy - - -

-

-

-

22 Total Revenue after subsidy 391.14 525.53 439.67 -

- -

-

-

2.4.3. The ARR in the above Para is inclusive of operation & maintenance expenses

comprising of Repair & Maintenance expenses, employee expenses and administration & general expenses, interest on loan, depreciation, and interest on working capital, other debits and return on equity.


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2.4.4. The ARR has been calculated after deducting the Other Income. 2.4.5. The details of the revenue gap expected during the year and the tariff

proposal of AEGCL has been detailed out in the subsequent chapters:


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CHAPTER ‘3’


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CHAPTER 3

3. Aggregate Revenue Requirement for FY 2013-14 to 2015-16 (3rd

MYT Period)

3.1. Preamble

3.1.1. This section outlines the Annual Revenue Requirement of the AEGCL for

FY 2013-14 to 2015-16 which takes into consideration:

MYT Tariff Order for FY 2010-11 to FY 2012-13 issued by the

Hon’ble Commission dated 16th May 2011 for AEGCL;

Actual Performance in FY 2009-10 and 2010-11;

Actual performance FY 2011-12 (Provisional); Estimated performance of 2012-13;

3.2. Estimation of Expenses for the FY 2013-14 to 2015-16

The components for the calculation of total expenses for FY 2013-14 to 2015-16

are as follow:

Operation & Maintenance Cost

Interest on Loan and Financial Charges

Interest on Working Capital

Other Debits

Return on Equity

Provision for Tax 3.4. Transmission Losses

The company has achieved a significant reduction in Transmission

losses, during recent years. These efforts shall continue and will

be enhanced. However, loss reduction is a slow process and becomes

increasingly difficult as the loss levels come down. In view of this, it is

assumed that the Transmission loss in FY 2012-13 would be maintained

at same level as approved by the Hon’ble Commission.


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Projected transmission loss for FY 2013-14 to 2015-16 is as shown

below:

Table 5 : Transmission Loss for the FY 2013-14 to 2015-16

Particulars FY 13-14 FY 14-15 FY 15-16 Energy Injected (MU) 6736 7340 7952

Energy Send Out (MU) 6461 7058 7646

Transmission Loss (MU) 275

282

306

Tr. Loss (%) 4.08% 3.84 % 3.85 % 3.5. SLDC Charges

AERC has directed AEGCL to file separate ARR for SLDC , as per AERC

Regulation No.5 of 2006. Accordingly AEGCL has separated the SLDC

charges from the transmission ARR in their petition. For the purpose the

following costs are separated from the cost of AEGCL to arrive at the

SLDC charges which the petitioner intends to recover from the DISCOMs

and open access consumer as may be decided by the Hon’ble

Commission. Therefore, the proposed ARR for SLDC for FY 2013-14 to

2015-16 is shown in the table below:-

Table 6 : Calculation of SLDC Charges/ARR

(Rs. In Lakhs)

PARTICULARS 2013-14 2014-15 2015-16

REPAIRS & MAINTENANCE 110 112 114 EMPLOYEES COSTS 90 92 95 ADM & GENERAL EXPENSES 7 8 8

Total Expenditure 207 212 217

Total ARR 207 212 217

3.6 Capital Expenditure 3.6.1. For FY 2013-14 to 2015-16 AEGCL has projected to incur a Capital

Expenditure of Rs. 2120.76 Crores against different schemes of GOI and GOA. The

scheme-wise projected capital expenditure is as shown below:


Page | 21

Table 7: Capital Expenditure Plan

(Rs. in crore)

Year

440 KV 220KV 132KV

Transmission

Lines

Sub-

stations

Total Transmission

Lines

Sub-

stations

Total Transmission

Lines

Sub-

stations

Tota

l

CKM Rs. MVA Rs. CKM Rs. MV

A

Rs. CKM Rs. MV

A

Rs.

2013-

14

7 13.76 630 80.

00

93.76 114.90 118.3

1

580 142.

62

260.93 135.2

3

104.8

2

488.

5

258.

73

363.5

5

2014-

15

0 10.00 0 94.

41

104.41 0 84.00 0 125.

00

209.00 0 49.00 0 189.

00

238.0

0

2015-

16

0 20.00 0 92.

00

112 105 125.0

0

500 167.

00

292.00 255 123.0

0

220 324.

11

447.1

1

Table 7(A): Capital Expenditure Plan

LIST OF NEW TRANSMISSION LINES TO BE EXECUTED DURING 12TH FIVE YEARS PLAN

Sl. No.

Name of Transmission line Voltage

level (in kV)

No. of Ckt. Line length

(in Km.) Total cost Target date

1 2 3 4 5 6 7

I TRANSMISSION LINES

1 Kahilipara- Guwahati Medical College 132 2 10 533.90 Nov-13

2 Samaguri- Jakhalabandha 132 1 on D/C 35 1501.87 Nov-13

3 Rupai – Chapakhowa (4 km river crossing via Dhola) 132 1 on D/C 44 2387.59 Nov-13

4 Lanka- Lumding 132 1 on D/C 35 1841.40 Nov-13

5 Dhemaji - Silapathar 132 1 on D/C 50 1905.48 Nov-13

6 Silapathat- Jonai 132 1 on D/C 70 2942.73 Nov-13

7 Tinsukia-Behiating 220 2 60 3240.34 Nov-13

8 Sibsagar- Moran 132 1 on D/C 40 1404.90 Nov-13

9 Rangia-Amingaon 220 2 31 1949.99 Dec-13

10 Barnagar- Barpeta 132 1 on D/C 29.5 1770.68 Jun-16

11 LILO of one ckt. of Barnagar- Rangia at Pathsala 132 2 5 279.01 Jun-16

12 LILO of one ckt. of Rangia-Rowta at Tangla 132 2 10 480.97 Jun-16

13 LILO of one ckt. of Rowta- Depota at Dhekiajuli 132 2 10 483.52 Jun-16

14 Amingaon- Hajo 132 2 15.5 666.32 Jun-16

15 Chaigaon (Mirza) - Boko 132 1 on D/C 20 702.45 Jun-16

16 132 kV S/C BTPS - APM line 132 1 on D/C 50 1897.37 Jun-16


Page | 22

17 Nagaon - Dhing 132 1 on D/C 30 1138.42 Jun-16

18 LILO of one ckt. of Samaguri-Lanka at Baithalangshu

132 2 47 2082.26 Jun-16

19 LILO of one ckt. of Golaghat-Bokajan at Sarupathar 132 2 5 286.80 Jun-16

20 LILO of one ckt. of Jorhat (Garmur) - Nazira at Teok 132 2 5 309.85 Jun-16

21 Sonabil - Tezpur (New) 132 2 20 896.88 Jun-16

22 LILO of one ckt. of Sonabhil- Gohpur at Borgaon 132 2 5 929.87 Jun-16

23 LILO of one ckt. of Gohpur- N. Lakhimpur at Bihpuria 132 2 5 265.01 Jun-16

1 2 3 4 5 6 7

24 Hailakandi- Karimganj 132 1 on D/C 45 1708.58 Jun-16

25 Agia- Sonapur (Hatchingmari) 132 1 on D/C 92 2837.51 Jun-16

26 Jagiroad (Baghjap) - Nagaon 132 2 70 2847.34 Jun-16

27 LILO of one circuit of Rangia-Kamalpur line at Baihata

132 2 10 645.90 Oct-16

28 Matia to Darangiri line 132 1 on D/C 45 2681.55 Oct-16

29 LILO of one circuit of Samaguri-Lanka line at Kampur

132 2 15 968.85 Oct-16

30 Khumtai-Golaghat line 132 1 on D/C 35 2085.65 Oct-16

31 Conversion of 66 kV Mariani-Golaghat line to 132 kV at Titabar

132 1 30 1787.70 Oct-16

32 LILO of one circuit of Tinsukia-Digboi line at Makum

132 2 15 968.85 Oct-16

33 LILO of one ckt. of Tinsukia- Margherita at Makum

132 2 10 523.90 Oct-16

34 Both circuit of Tinsukia-Lido and Rupai-Lido line at Digboy 220/132 sub-station

132 2 20 1291.80 Oct-16

35 LILO of Panchgram-Khleriat line at Kalain 132 2 20 1291.80 Oct-16

36 Silchar (Srikona) - Ghungur (Silchar) 132 1 on D/C 12 698.91 Nov-16

37 LILO of one ckt. of BTPS-Rangia at Barnagar 220 2 5 334.47 Nov-16

38 LILO of one ckt. of Kathalguri-Tinsukia at Makum

220 2 15 926.91 Nov-16

39 Behiating-Dhemaji line (including Brahmaputra River crossing)

220 2 70 6581.30 Nov-16

40 LILO of one circuit of Kathalguri-Tinsukia at Digboi

220 2 30 2237.70 Nov-16

41 LILO of one Namrup-Mariani S/C line at Amguri

220 2 10 825.90 Nov-16

42 LILO of one Mariani-Samaguri S/C line at Khumtai (Golaghat)

220 2 10 825.90 Nov-16

43 Kamakhya- Paltanbazar (UG Cable - cost loaded to Paltanbazar sub-station)

132 2 12 0.00 Dec-16

44 LILO of one circuit of Bongaigaon-Balipara (PG) line at Rangia

400 2 20 3691.80 Nov-16

45 LILO of 132 kV S/C BTPS - APM line at Salmara

132 2 10 668.94 Dec-16

46 Rangia - Sonabil - Dhemaji line 220 2 326 24285.20 Nov-16

47 SUB-TOTAL = - - - 90614.07 -


Page | 23

LIST OF NEW SUB-STATIONS TO BE EXECUTED DURING 12TH FIVE YEARS PLAN

Sl. No.

Name of Sub-Stations Voltage

ratio (in kV)

Transf-ormer rating

(in MVA)

Total Tr. capacity (in MVA)

Total cost Target date of comple-

tion

1 2 3 4 5 6 7

II(A) SUB-STATIONS

1 Guwahati Madical College (GIS sub-station) 132/33 2x40 80 6062.97 Oct-13

2 Jakhalabandha 132/33 2x16 32 2208.63 Oct-13

3 Chapakhowa 132/33 2x16 32 2208.63 Oct-13

4 Lumding 132/33 2x25 50 2449.85 Oct-13

5 Silapathar 132/33 2x16 32 2632.64 Oct-13

6 Jonai 132/33 2x16 32 2464.08 Oct-13

7 Behiating (new Dibrugarh) 220/132 2x100 200 5206.24 Dec-13

8 Amingaon 220/132 2x100 200 5206.24 Jan-14

9 Barpeta 132/33 2x25 50 2476.10 Jul-16

10 Pathsala 132/33 2x25 50 2740.16 Jul-16

11 Tangla 132/33 2x25 50 2472.36 Jul-16

12 Dhekiajuli 132/33 2x25 50 2472.36 Jul-16

13 Hajo 132/33 2x25 50 3106.90 Jul-16


Page | 24

14 Chaigaon (Mirza) 132/33 2x25 50 3576.50 Jul-16

15 Dhing 132/33 2x16 32 2178.48 Jul-16

16 Baithalangshu 132/33 2x16 32 2285.23 Jul-16

17 Sarupathar 132/33 2x16 32 2603.23 Jul-16

18 Teok 132/33 2x25 50 2641.35 Jul-16

19 Tezpur (New) 132/33 2x25 50 3288.30 Jul-16

20 Borgaon 132/33 2x25 50 2545.16 Jul-16

21 Bihpuria 132/33 2x25 50 2575.80 Jul-16

22 Karimganj 132/33 2x25 50 2799.15 Jul-16

23 Sonapur (Hatchingmari) 132/33 2x16 32 2201.63 Jul-16

24 Baihata 132/33 2x25 50 2418.00 Nov-16

25 Darangiri 132/33 2x16 32 2208.00 Nov-16

26 Kampur 132/33 2x16 32 2208.00 Nov-16

27 Khumtai 132/33 2x25 50 2418.00 Nov-16

28 Titabar 132/33 2x25 50 2418.00 Nov-16

29 Makum 132/33 2x25 50 2418.00 Nov-16

30 Digboy 132/33 2x25 50 2418.00 Nov-16

31 Kalain 132/33 2x16 32 2208.00 Nov-16

32 Ghunghur (Silchar) 132/33 2x25 50 2799.15 Dec-16

33 Barnagar 220/132 2x100 200 4627.31 Dec-16


Page | 25

1 2 3 4 5 6 7

34 Makum 220/132 2x100 200 5973.18 Dec-16

35 Dhemaji 220/132 2x100 200 5205.00 Dec-16

36 Digboy 220/132 2x100 200 5205.00 Dec-16

37 Amguri 220/132 2x100 200 5205.00 Dec-16

38 Khumtai (Golaghat) 220/132 2x100 200 5205.00 Dec-16

39 Paltanbazar 132/33 2x40 80 11535.26 Jan-17

40 Salmara sub-station 132/33 2x25 50 2418.00 Jan-17

41 Rangia 400/220 2x315 630 25020.00 Jan-17

II(B) AUGMENTATION & EXTEN. OF SUB-STNS.

1 Samaguri sub-station {from 3x50 MVA} 220/132 3x100 150 3056.68 Mar-13

2 Rupai sub-station Extn. 132/33 - - 139.11 Mar-13

3 Sibsagar sub-station Extn. 132/33 - - 132.27 Mar-13

4 Lanka sub-station Extn. 132/33 - - 147.87 May-13

5 Moran sub-station Extn. 132/33 - - 178.22 May-13

6 Dhemaji sub-station Extn. 132/33 - - 147.87 May-13

7 Rangia sub-station Extn. 220/132 - - 388.73 May-13

8 Kahilipara sub-station Extn. 132/33 - - 249.38 May-13

9 Amingaon sub-station Extn. 132/33 - - 247.47 May-15

10 Kukurmara sub-station Extn. 132/33 - - 247.47 May-15

11 Kamakhya sub-station Extn. 132/33 - - 139.57 May-15

12 Jagiroad sub-station Extn. 132/33 - - 269.01 May-15

13 Nagaon sub-station Extn. 132/33 - - 460.65 May-15

14 Sonabhil sub-station Extn. 132/33 - - 288.87 May-15

15 Hailakandi sub-station Extn. 132/33 - - 147.87 May-15

16 Agia sub-station Extn. 132/33 - - 147.87 May-15

17 Jorhat sub-station {from2x25+1x16} 132/33 3x25 9 300.00 Jan-13

18 Dhaligaon sub-station {from 2x25 MVA} 132/33 2x40 30 1088.68 Oct-15

19 Narangi sub-station {from 2x25 MVA} 132/33 2x40 30 1288.05 Oct-15

20 Samaguri sub-station {from 2x25 MVA} 132/33 2x40 30 1304.69 Oct-15

21 Bokajan sub-station {from 2x16 MVA} 132/33 2x25 18 1112.98 Oct-15

22 Sibsagar sub-station {from 2x16 MVA} 132/33 2x40 48 1317.00 Oct-15

23 Namrup sub-station {from 2x50 MVA} 220/132 2x100 100 2082.43 Dec-15

II(C) SUB-TOTAL = - - - 175191.63 -

3.7. Funding of CAPEX

3.7.1. The funding of above mentioned Capital Expenditure is

envisaged through various sources categorised under headings

Grants,and Loans. The grants have been considered based on

the present budgeted figure available with the companies. The

expenditure projected for FY 2013-14 to 2015-16 are proposed to

be funded through loan and grant as per funding patterns of the


Page | 26

schemes. The detailed breakup of funding of capital expenditure

during FY 2013-14 to 2015-16 are mentioned in Annexure 1.

3.7.2. The details of the Interest and finance charges based on the above

funding plan have been discussed in details under paragraph 4.9.5 of

the petition.

3.7 Operation & Maintenance Expenses

3.7.1. The O&M expenses for FY 2013-14 to 2015-16 has been computed on basis

of revised estimates of FY 2010-11 and is consisting of Employee cost, Administration & General Expenses and Repair and Maintenance expenses. The O&M expenses for FY 2011-12 and 2012-13 computed on the basis of revised estimates of FY 2010-11 are as below along with the value approved by the Hon’ble Commission vide Multi Year Tariff Order

Table 8 : Operation & Maintenance Expenses For FY 2010-11 to FY 2012-13

Rs. In Crore

Particulars 2010-11 2011-12 2012-13

Approved Actual Revised Approved Actual Approved Employee Cost 69.61 81.42 81.42 75.18 100.82 81.19

Repair & Maintenance 8.69 7.35 7.35 9.56 18.72 10.51 Administrative & General Expenses

4.01 3.69 3.69 4.25 3.56 4.51

O&M Expenses Total 82.31 92.46 92.46 88.99 123.1 96.21

3.7.2. The methodology deployed by the company for projection of Employee cost,

Administration & General Expenses and Repair and Maintenance expenses

have been dealt one by one in the subsequent paragraphs.

3.7.3 Employee Cost

Employee expenses include salaries, bonus, other benefits like

medical expense reimbursement, LTA, etc. and terminal benefits

in the form of pension, gratuity, leave encashment, staff welfare

etc.The Petitioner submits that the employee cost has

been estimated considering trend of past year’s employee cost,

increase in dearness allowance, its merger and its impact on


Page | 27

other allowances such as HRA, field allowances, PF, CPF etc.

the employee expenses during the FY 2013-14 by considering

25% increase over base expenditure for 2011-12 and 2012-13 on

actual with additional annual increase of 18% annually (3% on

increment and 15% on estimated DA due to DA compensation). This

consideration has been made as per broad guideline of CERC tariff

Regulation for MYT 2009 to 2014. Additionally, increase in salary

due to regular increments as well as promotion has also been

considered. . The summary of the same is as outlined in the Table

21 below.

Table 9 : Employee Costs for FY 2013-14 to FY 2015-16 (Rs. In

Crore) Sl No

Particulars 2013-14 2014-15 2015-16

Estimated Estimated Estimated

1 Salaries 47.48

48.98 50.27

2 Overtime 2.7

3.00

3.21

3 Dearness Allowance 38.80 42.22 45.75

4 Other Allowances 7.09 7.15

7.23

5 Bonus 0.06

0.06

0.10

6 Sub-Total 7 Medical expenses reimbursement 0.56 0.80 1.05 8 Leave travel Assistance 0.05 0.09 0.12 9 Earned Leave Encashment 0.05 0.06 0.16

10 Other staff costs 3.54 4.35 5.37 11 Staff Welfare expenses 0.25 0.25 0.25 12 Terminal Benefits 16.26 17.85 19.50 13 Sub-total

Grand Total 116.84

124.81

133.01

The Petitioner humbly requests the Hon’ble Commission to approve the

proposed expenses of Rs. 116.84 Crore, Rs 124.81 Crore and Rs 133.01

Crore under employee cost for the FY 2013-14 to 2015-16 without any

disallowance.


Page | 28

3.7.4 Repair & Maintenance Expenses

Repairs & maintenance expenses are directly related to age of

the assets, its wear and tear during the period. Considering past

trends, it is estimated that the expenditure for the years FY

2013-14 to 2015-16 will increase due to presence of vintage assets

which require periodical and higher repairs. Further, there is

sometimes need to undertake emergency repairs which have not been

provided for in the projections. Thus, these expenses are

uncontrollable in nature.

AEGCL requests the Hon’ble Commission to approve the

proposed expenses of Rs 28.72 Crore, Rs 34.17 Crore and Rs 59.15

Crore under Repair and Maintenance for the FY 2013-14 to 2015-

16 without any disallowance.

Table 10: Repair & Maintenance Expenses for FY 2013-14 to

FY 2015-16

(Rs. In Crore)

Sl. No.

Particulars

FY 2013-14 FY 2014-15 FY 2015-16

Repairs and maintenance to:

1 Plant & Machinery 12.75 17.89 31.82

2 Buildings 0.75 0.87 1.85 3 Civil works 1.5 1.78 2.85 4 Lines, Cable

Networks 9.22 9.58 18.04 5 Vehicles 0.4 0.45 0.65 6 Furniture &

Fixture 3.2 3.5 3.8 7 Office

Equipment 0.9 0.10 0.11 Total 28.72 34.17 59.15


Page | 29

3.7.5 Administration & General Expenses

Administration expenses mainly comprises of rents, telephone and

other communication expenses, professional charges, conveyance and

traveling expenses etc. It has been estimated that A&G expenses

will increase @ 3% annually during FY 2013-14 to 2015-16 The

amount of A&G expenses during FY 2013-14 to 2015-16 are

computed at Rs. 5.03 Crore, Rs 5.10 Crore and Rs 5.23 Crore.

AEGCL requests the Hon’ble Commission to approve the proposed

expenses under A&G expenses for the FY 2013-14 to

2015-16 without any disallowance.

Table 11: Administration & General Expenses for the FY 2013-

14 to 2015-16

(Rs inCrore) Sl No

Particulars 2013-14 2014-15 2015-16

1 Rent, Rates & Taxes 0.12 0.12 0.13 2 Insurance 0.06 0.06 0.07 3 Telephone Charges 0.38 0.39 0.4 4 Postage & Telegram 0.01 0.01 0.02 5 Legal Charges 0.04 0.04 0.05 6 Audit Fees 0.04 0.04 0.05 7 Consultancy Charges 0.6 0.61 0.62 8 Technical Fees 0.01 0.01 0.02 9 Conveyance & Travel Charges

including Vehicle Hiring 1.25 1.27 1.29 10 Other Expenses 1.42 1.44 1.45 11 Freight 0.98 0.99 1.00 12 Other Purchase related expenses 0.12 0.12 0.13

GRAND TOTAL 5.03 5.10 5.23


Page | 30

3.8. Depreciation

3.8.1. The Gross Fixed Assets & Depreciation for FY 2013-14

to 2015-16 has been computed on basis of revised estimates of FY

2012-13. AEGCL has considered the Closing Gross Block of

Fixed Assets as in the audited Balance Sheet of FY 2011-12.

The provisional assets addition in FY 2013-14 has been

considered to arrive at the estimated Gross Block in the

beginning of the FY 2014-15. The addition during the FY 2012-

13 has been projected considering projected capital expenditure plan

for FY 2012-13. Depreciation has been calculated taking into

consideration the opening balance of assets in the beginning

of the year and the provisional capitalisation. As specified in

Regulation 14 ( c ) & (f) of AERC ( terms & conditions for

determination of Tariff ) Regulations, 2006, depreciation is calculated

as per SLM considering depreciation on opening Fixed Asset to the

extent of 90% of the Asset Value. Depreciation on the Assets added

during the FYs have been calculated for the entire year assuming the

date of commission of the Assets as the 1st April of the respective

Financial Years after apportioning the grant component of assets

funding.


Page | 31

Table 12: Depreciation for the FY 2013-14 to 2015-16

( Rs. In Crore)

Sl. No.

Description of assets

FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16

Balance of accumulated depreciation at the beginning of the year

Depreciation provided for the year

Balance of accumulated depreciation at the end of the year





Depreciation provided for ear

Balance of accumulate

d depreciation at the end of the year

1 Land & Rights

2 Building 14.68 0.31 14.99 0.31 15.30 0.32 15.62 0.32 15.94

3 Hydraulic 2.21 0.39 2.60 0.40 3.00 0.41 3.41 0.41 3.82

4 Other Civil Works

0.93 0.11 1.04 0.12

1.16 0.12 1.28 0.12 1.40

5 Plant & Machinery

181.98 28.50 210.48 30.72

241.20 35.41 276.61 40.86 317.47

6 Lines & Cable Net work

506.92 34.98 541.90 37.06

578.96 40.47 619.43 44.30 663.73

7 Vehicles 2.84 0.43 3.27 0.47 3.74 0.48 4.22 0.47 4.69

8 Furniture& Fixtures

1.98 0.15 2.13 0.15

2.28 0.15 2.43 0.15 2.58

9 Office Equipment

0.90 0.08 0.98

0.08 1.06 0.09 1.15 0.09 1.24

Grand Total

712.44

64.95

777.39

69.31

846.70

77.45

924.15

86.72

1010.87


Page | 32

3.9. Interest on Loan 3.9.1. The interest expenditure on account of long-term loans depends

on the outstanding loan, repayments, and prevailing interest

rates on the outstanding loans. Further, the projected capital

expenditure and the funding of the same also have a major bearing

on the long-term interest expenditure.

3.9.2. The Opening balance of Loan for FY 2013-14 amounts to Rs. 387.91 Crore. The normative loan addition in FY 2013-14 is computed at Rs. 83.26 Crore as per the Capex funding plan.

3.9.3. The repayment of loan to the tune of 1/10th portion becomes due in

every Financial Year.

3.9.4. The interest on the opening loans has been computed @10.50%

on the Govt. Loans & ADB Loans and 10.75% on ASE Bonds.

Accordingly Interest accrued during the FY 2013-14 to FY 2015-16 works

out to Rs. 71.00 Crores, Rs 60.55 Crores and Rs 90.80 Crores

respectively.

3.9.5. The Interest and Finance Charges for FY 2013-14 to 2015-16 computed

on basis of revised estimates of FY 2012-13 has been tabulated in Table

25.

Table 13: Interest and Finance Charges for FY 2013-14 to 2015-16

(Rs. In Crore)

Particulars 2013-14 2014-15 2015-16

Interest on State Govt Loans 59.30 80.30 90.80

Penal Interest 3.54 3.64 3.74

Interest on ADB Loan 5.69 7.40 8.60

Interest on Bonds - - -

Interest on PFC Loan - - -

Total Interest on Loans 68.53 91.34 103.14

All bank charges - - -

Interest on General Provident Fund 4.84 5.24 5.64

Total Other Finance Charges - - -

Less: Interest Capitalized -2.37 -36.03 -17.98

Total 71.00 60.55 90.80


Page | 33

3.10. Interest on Working Capital

3.10.1. The interest on working capital has been

calculated based on the normative working

formula by the Hon’ble Commission in its Terms and

Conditions of Tariff Regulations.

3.10.2. Interest on working capital is estimated on

normative basis as per the Tariff Regulations

provisions and as allowed in the Tariff Order on 16th

May, 2011 .The rate of interest provided on the

working capital is short-term prime lending rate of

SBI, which is 10.25%.AEGCL has used the same

rate of interest for computing the interest on working

capital during FY 2013-14 to 2015-16 as shown

below:

Table 14 : Interest on Working Capital for the FY 2013-14 to 2015-16

(Rs. In Crore)

Particulars 2013-14 2014-15 2015-16

Interest on Working Capital One Month O&M 12.55 13.67 16.45 Spares @ 1% of GFA 17.08 29.57 33.87 Receivables -Two months of Transmission Charges 647.94 703.20 813.00 Total Working Capital 137.62 160.45 185.82

Interest rate at SBI PLR 10.25% 10.25% 10.25%

Interest on Working Capital 14.11 16.45 19.05 3.11. Other Expense Items 4.12.1. There is one minor item of costs, Other Debits which has been taken at Rs. 0.28 Crore in each of the FY 2013-14 to 2015-16 annually. Table 15 : Other Expense Items for FY 2013-14 to FY 2015-16

(Rs in Crore) Sl No

Particulars FY 2013-14

FY 2014-15

FY 2015-16

1 Misc. losses and write off 0.28 0.28 0.28

Grand Total 0.28 0.28 0.28


Page |

3.12. Return on Equity

3.12.1. As per the Tariff regulations issued by the Hon’ble Commission, a return

@ 14% on the equity base is considered as reasonable and

hence allowable by Hon’ble Commission. The utility also shows

definite sign of improvements during last control period. Accordingly,

AEGCL has computed the Return on Equity considering a rate of

return at 14%.

3.12.2. The return on equity has been computed @ 14% on average

equity based upon the closing balance of equity of previous year.

The equity capital of the company is inherited in the OBS of the

company notified in 2005 which was considered as apportioned with

the assets. Considering above ROE is claimed on total equity capital.

Accordingly, the normative return on equity for FY 2013-14 to 2015-

16 is computed at Rs 2729 Lakh annually. as shown in Table 28.

Table 16: Return on Equity

Rs Lakh

Sl No Particulars 2013-14 2014-15 2015-16

1 Opening Equity Capital 19493 19493 19493

2 Equity addition during the year

0 0 0

3 Closing Equity 19493 19493 19493

5 Rate of Return on equity 14% 14% 14%

6 Return on Equity 2729 2729 2729


Page |

3.13. Taxes

3.13.1. AEGCL has projected Income Tax on the MAT rate (i.e. 17%) on

the normative Return on Equity (ROE) as computed below.

Accordingly, Provision for tax for FY 2010-11 to 2012-13 are

estimated at Rs 572 Lakh annually for each year. AEGCL requests

the Hon’ble Commission to approve the total amount of

Income Tax computed using MAT rate . It is also requested to

the Hon’ble Commission to pass on the impact of revised tax

rates as per approved budget by the Central Government.

Table 17: Estimation Of MAT for the FY 2013-14 to FY 2015-16

Rs Lakh

Particulars

FY 2013-

14

FY 2014-

15

FY 2015-

16 Return on Equity 2729 2729 2729 15% of Return on Equity 505 505 505 Add: Surcharge @ 10% 50 50 50 555 555 555 Add: Education Cess @ 3% 17 17 17 MAT 572 572 572

3.14. Revenue Projections for Non-Tariff Income


Page |

3.14.1. The income in this category comprises of income from

investments with Banks & miscellaneous receipts.

Table 18: Non-Tariff Income for the FY 2013-14 to 2015-16.

(Rs in Crore)

Sl No

Particulars FY

2013-14 FY

2014-15 FY

2015-16

2 Income from Investments: 16.30 17.75 18.50

5 Miscellaneous Receipts: 11.75 12.30 13.55 Grand Total 28.05 30.05 32.05

3.15. Bulk Supply Tariff (BST) – Terminal Benefits 3.15.1 The Honorable Commission has approved 5 paisa per kWH as special charge on Bulk Supply Tariff in the Tariff Order dated 16.05.2011 in addition to the existing rate of 10 paisa per kWH. The Pension Trust Fund is not fully and unable to meet the Terminal Benefit Liabilities with the existing provision. Therefore in addition to the existing provision of Special Charges on BST another 5 Paisa per unit is proposed to be recovered. The Govt. of Assam vide letter no. PEL.190/2004/Pt/9 dated 05.09.2009 allowed a BST @ 20 Paise/ unit for the purpose of funding the Pension Fund ( copy enclosed vide Annexure No. Annexure 8). Accordingly the Special Charges on BST @ 20 paise per unit on energy wheeled by AEGCL is computed for the FY 2013-14 to FY 2015-16 as shown in the table below. AEGCL submits to the Honorable Commission to consider the above increase in charges and approve it considering the Fund constraints faced by the Pension Trust.

Table 19 : Bulk Supply Tariff (BST) for FY 2013-14 to FY 2015-16

(Rs. In Crore)

Sl. No. Particulars FY 2013-14 FY 2014-15 FY 2015-16

1 Special Charges on Bulk Supply Tariff 134.72 146.80 159.04

Total 134.72 146.80 159.04

Note: - BST is calculated @ 20 P per Unit adding CTU loss of 194 MU during FY 13-14, 275 MU during FY 14-15, 306 MU during FY 15-16 with Energy Injected during the respective years i.e., 6461 MU, 7058 MU and 7646 MU.


Page |

3.15. 2 In addition to the current provision for Special Charge on BST there is a Shortfall of funds from FY 05-06 onwards in the Pension Trust Fund. The shortfall in the fund for each year is provided in the table below.

Table 20: Shortfall of funds in Pension Trust Fund .

Years Shortfall(Rs in Crore)

2009-10 80.71 2010-11 76.90 2011-12 145.80 2012-13 211.22 Total 514.63

Note: - It is assumed that the Govt. of Assam will release the short fall of Fund in Pension Trust as shown above. Hence the same has not been claimed in the ARR of AEGCL for the time being. However, the petitioner reserves the right to claim the same depending upon the action of the Govt. of Assam as per the commitment in notification no. PEL.190/2004/69 dated 4th Feb, 2005. 3.16. Aggregate Revenue Requirement for FY 2013-14 to 2015-16

3.16.1. Based on above discussed expenses, the Aggregate Revenue Requirement during FY 2013-14 to 2015-16 has been determined as Rs. 652.46 Crore, Rs 699.30 Crore and Rs 810.36 Crore respectively. As discussed in Section 3.20, AEGCL has determined a Revenue Gap of Rs. 132.15 Crore after treating the losses incurred by it during FY 2009-10 and FY 2010-11 on account of controllable and uncontrollable factors. Thus, taking into account the above mentioned gap, AEGCL proposes net Aggregate Revenue Requirement for FY 20013-14 as Rs. 783.85 Crores


Page |

Table 21: Aggregate Revenue Requirements for 2013-14 to 2015-16

Transmission (Rs. in Crore)

2013-14 2014-15 2015-16

Sl No Particulars Proposed Proposed Proposed

1 PGCIL Charges 212.51 233.76 257.14


2.1 Employee Cost 116.84 124.81 133.01

2.2 Repair & Maintenance 28.72 34.17 59.15

2.3 Administrative & General Expenses 5.03 5.10 5.23

3 Depreciation 69.32 77.45 86.73

4 Interest and Finance Charge 71.00 60.55 90.80

5 Interest on Working Capital 14.11 16.45 19.05

6 Other Debits 0.21 0.21 0.21

7 BST for Pension Trust Fund 134.72 146.80 159.04

8 Provision for Bad Debt 0 0 0

9 Net prior period expenses 0 0 0

10 Other expenses Capitalised 0 0 0

11 Subtotal - 1+2+ (3 to 10) 652.46 699.30 810.36

12 Return on Equity 27.29 27.29 27.29

13 Provision for tax/ tax paid 0 0 0

14 Total Expenditure (11 to 13) 679.75 726.59 837.65

15 Less Non Tariff Income 28.05 30.05 32.05

16 Aggregate Revenue Requirements (14-15) 651.70 696.54 805.60

17 True Up for FY 2009-10 & FY 2010-11 96.78 - -

18 Net Aggregate Revenue Requirement 748.48 696.54 805.60

3.16.2. AEGCL requests the Hon’ble Commission to approve the Aggregate

Revenue Requirement for FY 2013-14 to 2015-16 without any

disallowances.


Page |

3.17. Estimated Revenue Gap for FY 2013-14 to 2015-16 based on existing

Tariff 3.17.1. The estimated revenue gap based on the existing tariff works out to

Rs. 298.584 Crore, Rs 176.686 Crore and Rs 245.778 Crore for FY

2013-14 to 2015-16 are as shown in the table below

Table 22: Estimated Revenue Gap for FY 2013-14 to 2015-16 based

on existing tariff

3.17.2 AEGCL proposed to recover this amount from users of its network during the MYT

period.

3.18. Subsidy

3.18. The Company has not received any revenue subsidy as per the provision

of Section 65 of the Electricity act 2003.

(Rs. In Crore)

FY 2013-14 FY 2014-15 FY 2015-16

Energy Injected (in MU) 6736 7340 7952 Revenue based approved existing tariff @ Rs 0.86 per unit 579.30 631.24 683.87

Estimated Revenue 748.48 696.54 805.60

Revenue Gap 169.18 65.30 121.73


Page |

3.19. Total Revenue for the FY 2012-13

3.19.1 Total estimated revenue for FY 2012-13 along with approved revenue

for the FY 2012-13 is as shown in Table 23

Table 23: Total Revenue for the FY 2012-13

(Rs. In Crore)

2012-13 Sl No Particulars Approved Estimated

1 PGCIL Charges 134.24 200.00

2 Operation & Maintenance Expenses 2.1 Employee Cost 81.19 92.28 2.2 Repair & Maintenance 10.51 23.72 2.3 Administrative & General Expenses 4.51 4.85 3 Depreciation 32.83 93.23 4 Interest and Finance Charge 72.80 83.02 5 Interest on Working Capital 11.35 13.15 6 Other Debits - 0.28 7 BST for Pension Trust Fund 93.45 133.92 8 Provision for Bad Debt - - 9 SLDC charges 2.01 - 10 Other expenses Capitalised - -

11 Sub total (1+2+(3to 10) 12 Return on Equity 13.99 27.29 13 Provision for tax/ tax paid 2.79 0 14 Total Expenditure (11 to 13) 459.67 673.75 15 Less Non Tariff Income 20.00 9.05

16 Aggregate Revenue Requirements (14-15) 439.67 664.70

17 Revenue with approved Tariff 439.67 - 18 Other Income (Consumer Related) 0 - 19 Total Revenue Before Subsidy (17+18) 439.67 - 20 Agriculture Subsidy - - 21 Other subsidy - - 22 Total Revenue after subsidy 439.67 -

ARR & Tariff FY 13-14 To 15-16

3.20. Revenue Gap for the FY 2009-10 & FY 2010-11 is calculated as shown in the Table below.

Table 24 Revenue Gap 2009-10 & 2010-11 Rs Crore

Sl No Particulars 2009-10

2010-11

1 ARR Originally Approved 301.47 341.21 2 Loss on Account of Uncontrollable factors 57.61 83.63 3 Loss on Account of Controllable factors (7.42) (1.66) 4 Revised ARR 351.65 423.18 5 Revenue with Approved Tariff 301.47 341.21 6 Other Income - - 7 Total Revenue Before Subsidy (5+6) 301.47 341.21 8 Agricultural subsidy - - 9 Other Subsidy - - 10 Total revenue after Subsidy (7+8+9) 301.47 341.21

11 Revised Gap after treating Gain & Loss due for controllable & Uncontrollable Factors (4-10) 50.18 81.97


CHAPTER ‘4’


CHAPTER 4

1. Prayer To The Hon’ble Commission

1.4.1 The petition provides, inter-alia, AEGCL’s approach for formulating the present

petition, the broad basis for projection used, summary of the proposals being made

to the Hon’ble Commission, performance of AEGCL vis-à-vis the Tariff Order, and

certain issues impacting the performance of AEGCL in the Licensed Area.

1.4.2 In order to align the thoughts and principles behind the Tariff Order and the ARR,

AEGCL respectfully seeks an opportunity to present their case prior to the finalization

of the Tariff Order. AEGCL believes that such an approach would go a long way

towards providing a fair treatment to all the stakeholders and may eliminate the

need for a review or clarification.

1.4.3 AEGCL may also be permitted to propose suitable changes to the ARR and the

mechanism of meeting the revenue on further analysis, prior to the final approval

by the Hon’ble Commission.

1.4.4 In view of the above, the petitioner respectfully prays that Hon’ble Commission

may:

1.4.5 Accept the Annual Revenue Requirements and Tariff proposal for Transmission Business respectively in accordance with:

1.4.6 The guidelines outlined in AERC Orders passed in various matters relating to AEGCL; and

1.4.7 The principles contained in AERC (Terms and Conditions for determination of Tariff) Regulations 2006;

1.4.8 Condone any inadvertent omissions/ errors/ rounding off differences/ shortcomings and permit AEGCL to add/ change/ modify/ alter this filing and make further submissions as may be required at a future date.

1.4.9 Pass such further and other orders, as the Hon’ble Commission may deem fit and proper, keeping in view the facts and circumstances of the case.


REGULATORY

FORMATS


ASSAM ELECTRICITY GRID CORPORATION

LTD.

MYT

ARR FORMS FOR FY 2013-14 TO FY 2015-16


INDEX

Forms for Filing ARR Sl No Item Transmission Form No

1 Profit and Loss Account A1

2 Balance Sheet A2

3 Cash flow Statement A3

4 Aggregate Revenue Requirement A4

5 Transmission service T2R

7 Revenue from Subsidies and Grants T3

8 Non-tariff Income T4

9 Repairs and maintenance costs T5

10 Employee costs T6

11 Employee costs- Additional information T6A

13 Administration and General charges T7

14 Depreciation T8

15 Loans and Debentures and interest charges T9

16 Sale and Leaseback of Assets T9A

17 Details of expenses capitalized T10

18 Other Debits T11

20 Extraordinary items T12

21 Net prior period credits/(Charges) T13

22 Contributions, Grants and subsidies towards cost of capital Assets

T14

23 Gross Fixed Assets T15

24 Net Fixed Assets T16

26 Work in progress (Capital expenditure) T17

27 Energy flow diagram for Transmission and distribution system T19


ASSAM ELECTRICITY GRID CORPORATION LIMITED

Form A-1

PROFIT & LOSS ACCOUNT

TRANSMISSION ( Rs. In Crores )

PARTICULARS 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

Audited Audited Estimated Estimate

d Estimate

d Estimate

d

ENERGY INJECTED (MU) 5354.96 5747.69 6447 6736 7340 7952

ENERGY SEND OUT (MU) 5097.52 5501.35 6173 6461 7058 7646

Tr LOSS (%) 4.81% 4.29% 4.25% 4.08% 3.84% 3.85%

INCOME

REVENUE FROM TRANSMISION SERVICE 341.21

391.14

664.70

640.76

697.80

810.37

REV SUBSIDIES & GRANTS * - - -

OTHER INCOME

7.01

38.05 9.05

27.30

27.80

28.11

TOTAL 348.23 429.19 673.75 667.76 725.60 838.48

EXPENDITURE

TRANSMISSION CHARGES TO PGCIL 178.34 209.58 200.00 212.51 233.76 257.14

REPAIRS & MAINTENANCE

7.35

18.72

23.72 28.72

34.17

59.15

EMPLOYEES COSTS

81.41

100.82

92.28

116.84

124.81

133.01

ADM & GENERAL EXPENSES

3.70

3.77

4.85

5.03

5.10

5.23

DEPRECIATION AND RELATED DTS

30.34

60.25

93.23 69.32

77.45

86.73

INTEREST & FINANCE CHARGES

28.10

32.54

96.17 73.12

76.01

110.68

SUB-TOTAL 329.22 425.47 510.25 505.54 551.30 651.94

LESS: EXPENSES CAPITALISED:

-INTEREST & FINANCE CHARGES CAPITALISED

-

8.55 - - - -

-OTHER EXPENSES CAPITALISED

-

- - - - -

SUB-TOTAL 329.22 416.92 510.25 505.54 551.30 651.94

OTHER DEBITS

0.19

0.21

0.28

0.28

0.28

0.28

EXTRAORDINARY ITEMS -

-

-

-

-

-

BULK SUPPLY TARIFF

72.92

82.14

133.92

134.72

146.80

159.04

TOTAL EXPENDITURE 402.35 499.27 644.45 640.54 551.30 811.26

PROFIT (LOSS) BEFORE TAX

(54.12) (67.57) 29.30 27.29 27.29 27.29

PROVISION FOR INCOME TAX

0.0007 (0.06) 0 0 0.83 8.19

PROFIT (LOSS) AFTER TAX

(54.12) (67.63) 29.30 27.29 26.46 19.10

NET PRIOR PERIOD CREDITS

14.11 0

0 0 0 0

PROFIT/(LOSS) AVAILABLE FOR APPROPRIATION

(68.23) (67.63) 29.30 27.29 26.46 19.10

LOSS BROUGHT FORWARD FROM PREVIOUS YEAR

(138.50) (206.73) (274.36) (245.85) (218.56) (192.10)

SURPLUS/DEFICIT(-)

(206.73) (274.36) (245.85) (218.56) (192.10) (173.00)

NET ASSETS AT THE BEGINNING OF THE YEAR (LESS CONSUMER'S CONTRIBUTION)

RATE OF RETURN



Form - A-2 BALANCE SHEET AS AT THE END OF THE YEAR

(Rs .in Crores)

PARTICULARS 2010-11 2011-

12 2012-13 2013-14 2014-15 2015-16

Audited Actual Estimated Estimated Estimated Estimated

SOURCES OF FUNDS:

SHAREHOLDER'S FUNDS:

SHARE CAPITAL

RESERVES & SURPLUS

Total

LOAN FUNDS:

LOANS FROM STATE GOVT

LOANS FROM OTHERS- SECURED

LOANS FROM OTHERS- UNSECURED

Total

CONTRIBUTIONS, GRANTS & SUBSIDIES TOWARDS COST OF CAPITAL ASSSETS

GRANT FROM GOA

GRANT FROM ADB

Total

GRAND TOTAL

APPLICATION OF FUNDS:

NET FIXED ASSETS:

a) GROSS BLOCK

b) LESS:ACCUMULATED DEPRECIATION

c) NET FIXED ASSETS

d) CAPITAL WORK IN PROGRESS

e) ASSETS NOT IN USE

f) DEFERRED COSTS

g) INTANGIBLE ASSETS

TOTAL OF ( c) TO (g)

INVESTMENTS

SUBSIDY RECEIVABLE FROM GOVT.

NET CURRENT ASSETS:

A. CURRENT ASSETS, LOANS & ADVANCES

a) INVENTORIES

b) RECEIVABLES AGAINST TRANSMISSION SERVICE

c) CASH & BANK BALANCES

d) LOANS & ADVANCES

e) SUNDRY RECEIVABLES

TOTAL OF A

B. CURRENT LIABILITIES AND PROVISIONS:

a) SECURITY DEPOSIT FROM CONSUMERS

b) BORROWINGS FOR WORKING CAPITAL

c) PAYMENTS DUE ON CAPITAL LIABILITIES

d) OTHER CURRENT LIABILITIES

TOTAL OF B

NET CURRENT ASSETS (A - B)

MISCELLANEOUS EXPENDITURE

PROFIT AND LOSS ACCOUNT

GRAND TOTAL


ASSAM ELECTRICITY GRID CORPORATION LIMITED CASH FLOW STATEMENT FOR THE YEAR Form - A-3 (Rs. In Crores)

SL NO PARTICULARS 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16


CASH FLOW STATEMENT FOR THE YEAR

I Net Funds from Operations:

1 Net Funds from Earnings:

A. Profit before Tax and before Revenue

Subsidies & Grants

Less: Income Tax payment during the year

Total of A

B. ADD: Debits to Revenue Account not requiring Cash Outflow:

(i) Depreciation

(ii) Amortization of Deferred Cost

(iii) Others, if any.

Total of B

Net Funds from Earnings (A+B)

2 Contributions, Grants and Subsidies towards Cost of Capital Assets

3 Security Deposit from consumers

4 Proceeds from disposal of Fixed Assets

5 Total Funds from Operations (1+2+3+4)

6 Net Increase/(Decrease) in Working Capital:

A. Increase/(Decrease) in Current Assets:

a) Inventories

b) Receivables against sale of power

c) Loans and Advances

d) Sundry Receivables

Total of A

B. Increase/(Decrease) in Current Liabilities:

a) Borrowings for working capital

b) Other Current liabilities - Power purchase

- Others

Total of B

Net Increase/(Decrease) in Working Capital (A - B)

7 Net Funds from Operations before Subsidies &

Grants (5-6)

8 Receipts from Revenue Subsidies and Grants

Tot I Net Funds from Operations including Subsidies

& Grants (7+8)

II Net Increase /(Decrease) in Capital Liabilities:

A. Fresh Borrowings:

(a) State Loans

(b) Foreign currency Loans/Credits

( c) Other Borrowings

Total of A

B. Repayments:

(a) State Loans

(b) Foreign currency Loans/Credits

( c) Other Borrowings

Total of B

Net Increase /(Decrease) in Capital Liabilities (A - B)

III Increase/(Decrease) in Equity Capital

IV Total Funds available for Capital Expenditure (I+II+III)

V Net Increase/(Decrease) in Investments

VI Net Increase/(Decrease) in Cash & Bank Balance (IV - V )

VII Add: Opening Cash & Bank balances

VIII Closing Cash & Bank Balances (VI+VII)



Form - A-4

Aggregate Revenue Requirement - Summary Sheet

(Rs. In Crores)

Sl. No.

Item Ref

Form No

2010-11 2011-12 2012-13 2013-14 2014-15 2015-16


1.

Capital Base/Net Fixed Assets at the beginning year less Consumer's contribution

419.63 467.76

2. Revenue return at 14.00%.

27.29 27.29 27.29 27.29 27.29 27.29

3.

Revenue Requirement- Expenditure (Net after capitalisation of expenses) excluding prior period and extra ordinary items

A-1 341.21 391.14 439.67 640.47 698.31 811.19

4. Other Income A-1 7.01 33.05 20.00 27.30 27.80 28.11

5. Aggregate Revenue (2+3-4)

361.49 385.38 446.96 640.76 679.80 810.37



Form - A-4

Aggregate Revenue Requirement

TRANSMISSION ARR (Rs. In Crores)

Sl. No.

Item Ref

Form No

2010-11

2011-12 2012-13 2013-14 2014-15 2015-16


1.


419.63 467.76

2. Revenue return at 14.00%.

27.29 27.29 27.29 27.29 27.29 27.29

3.


A-1 341.21 391.14 439.67 640.47 698.31 811.19

4. Other Income A-1 7.01 33.05 20.00 27.30 27.80 28.11


361.49

385.38

446.96

640.76

679.80

810.37



Aggregate Revenue Requirement

SLDC ARR Form - A-4

(Rs. In Crores)

Sl. No.

Item Ref

Form No

2012-13 2013-14 2014-15 2015-16

Estimated Estimated Estimated Estimated

1.


2. Revenue return at ……14.00%.

3.


A-1

2.10 2.07 2.12 2.17

4. Other Income A-1


2.10 2.07 2.12 2.17



Form T2R

Revenue from Transmission Service

Particulars

2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

Energy

Tansmitted

(MU)

Revenue

Demand (Rs Crs

)

Average realisation (Rs/unit)

Energy

Transmistted (MU)

Revenue

Demand (Rs Crs)

Average realisation (Rs/unit)

Energy Trans

mitted

(MU)

Revenu

e Demand (Rs Crs)

Average realisation

(Rs/unit)

EnergyTransmittedMU)

Revenu

e Demand (Rs Crs)

Average

realisation (Rs/unit)

EnergyTrans

mittedMU)

Revenue

Demand (Rs Crs

)

Average

realisation

(Rs/unit

)

Energy Transmitted(MU)

Revenue

(Rs Crs

)

Average

realisation (Rs/unit

)

Transmission Assets under operation

220 KV Assets

132 KV Assets

66 KV Assets

33 KV Assets

Total 5354.

96 347.85

0.70

5747.69

408.08

0.71

6447 457.7

4 0.71 6736

478.256

0.71 7340 521.114

0.71 7952 564.592

0.71

Other receipts-Depooling of PGCIl Charges

-

Total of IV

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross Revenue from Sale of Power (I+II+III+IV)

Grand Total

347.85

408.08

564.60


Form-T3

Revenue Subsidies and Grants

Sl No Particulars

Previous year

2011-12

Current year

2012-13

Ensuing year

2013-14

Ensuing year

2014-15

Ensuing year

2015-16

1 Grants for Research and Development Expenses

-

-

-

-

-

2 Grant for Survey and Investigation

-

-

-

-

-

3 Others

-

-

-

-

-

Grand Total - - - - -



Form-T4

Non-Tariff Income (Other Income)

(Rs in Crs)

Sl No

Particulars

Previous year

2011-12 (Audited)

Current year 2012-13

(Approved)

Ensuing year

2013-14

Ensuing year

2014-15

Ensuing year

2015-16

1 Interest on staff loans and advances - - - - -

2 Income from Investments:

16.81 12.00 15.80 16.00 16.13

3 Income from Trading:

4

Income/Fees collections against staff welfare activities:

5 Miscellaneous Receipts:

21.24 8.00 11.50 11.80 11.98

Grand Total 38.05 20.00 27.30 27.80 28.11


ASSAM ELECTRICITY GRID CORPORATION LIMITED TRANSMISSION

Form-T5

Repairs and Maintenance Costs

(Rs in Crs)

Sl No

Particulars

Previous Year 2011-12 (Audited)

Current Year 2012-13 (Proposed)

Ensuing Year 2013-14 Ensuing Year 2014-15 Ensuing Year2015-16

Consum-

ption of stores

Other expe-nses

Total

Consum-ption of stores

Other

expe-

nses

Total


Other

expe-

nses

Total


Other

expe-

nses

Total

Consum-

ption of

stores

Other expe-nses

Total


1 Plant & Machinery

13.86 -

13.86

11.79 -

11.79

12.75 0.00

12.75

17.89

0.00

17.89

31.82

0.00

31.82

2 Buildings

1.16

1.16 -

0.25 0.25

0.20

0.75

0.87

0.87

1.85

1.35

3 Civil works

0.33

0.33 -

0.99 .099

0.82

1.5

1.78

1.78

2.85

2.35

4 Hydraulic Works -

- - - - -

-

-

-

- -

-

5 Lines, Cable Networks

3.16 -

3.16 7.93 - 7.93

9.22 0.00

9.22

9.58

0.00

9.58

18.04

0.00

15.25

6 Vehicles

0.11

0.11 -

0.39 0.39

0.32

0.4

0.45

0.45

0.65

0.65

7 Furniture & Fixture

0.03

0.03 -

2.29 2.29

1.89

3.2

3.5

3.5 3.8

3.8

8 Office Equipment

0.07

0.07 -

0.08 0.08

0.07

0.09

0.10

0.10

0.14

0.14

Total 17.0

2 1.70

18.72

19.72

4.00

23.72

21.97

3.3 28.7

2 27.4

7 6.7

34.17

49.86 9.29 59.1

5


SLDC

Form-T5

Repairs and Maintenance Costs

(Rs in

Crs)

Sl No

Particulars

Previous Year 2011-12

Current Year 2012-13

Ensuing Year 2013-14


Ensuing Year2015-16

Consum-ption

of store

s

Other

expe-

nses

Total

Consum-ption

of store

s

Other

expe-

nses

Total

Consum-ption

of store

s

Other

expe-

nses

Total

Consum-ption

of store

s

Other

expe-

nses

Total

Consum-ption

of store

s

Other

expe-

nses

Total


1 Plant & Machinery

0.33 - 0.33

0.34 - 0.34

0.35 0.00

0.35

0.35 - 0.35 0.38 - 0.38

2 Buildings

0.02

0.02

0.02 0.02

0.03

0.02

0.03 0.03 0.02 0.02

3 Civil works

0.01

0.01

0.01 0.01

0.02

0.01

0.02 0.02 0.01 0.01

4 Hydraulic Works

- - - - - - - - - -

5 Lines, Cable Networks

0.66 - 0.66

0.68 (0.01)

0.67

0.65 0.00

0.65

0.67 - 0.67 0.66 - 0.66

6 Vehicles

0.01

0.01

0.01 0.01

0.02

0.01

0.02 0.02 0.02 0.01

7 Furniture & Fixture

0.01

0.01

0.01 0.01

0.01

0.01

0.01 0.01 0.01 0.01

8 Office Equipment

0.02

0.02

0.02 0.02

0.02

0.02

0.02 0.02 0.02 0.02

Total 0.99

0.07

1.06

1.02 0.06 1.08

1.00 0.10

1.10

1.02 0.10 1.12 1.04 0.10 1.14



TRANSMISSION Form- T6

Employee Costs

(Rs. In crores)

Sl No Particulars 2011-12 2012-13 2013-14 2014-15 2015-16

Actual Estimated Estimated Estimated Estimated

1 Salaries 83.84 49.69 47.48 48.98 50.27

2 Overtime 0.61 2.7 3.00 3.21

3 Dearness Allowance 19.00 38.80 42.22 45.75

4 Other Allowances 6.77 7.09 7.15 7.23

5 Bonus 0.16 0.06 0.06 0.10

6 Sub-Total (1 to 5) 83.84 76.23 96.13 101.41 106.56

7 Medical expenses reimbursement 0.24 0.56 0.80 1.05

8 Leave travel Assistance 0.03 0.05 0.09 0.12

9 Earned Leave Encashment 0.01 0.03 0.05 0.06 0.16

10 Other Staff Cost 0.39 3.54 4.35 5.37

11 Payment under Workmen's Compensation Act

12 Payment to Helpers/ Employees of Storm and Monsoon Gang

13 Total Other staff costs ( 7 to 12) 0.40 0.31 4.2 5.3 6.7

14 Staff Welfare expenses 0.04 0.21 0.25 0.25 0.25

15 Terminal Benefits 16.54 15.52 16.26 17.85 19.50

17 Sub-total (14 to 15) 15.73 16.51 18.10 19.75

18 Grand Total 100.82 92.28 116.84 124.81 133.01



Form- T6

Employee Costs

SLDC (Rs. In crores)


Actual Estimated Estimated Estimated Estimated

1 Salaries 0.47 0.51 0.53 0.54 0.56

2 Overtime - - - - -

3 Dearness Allowance 0.13 0.14 0.15 0.15 0.15

4 Other Allowances 0.05 0.05 0.05 0.05 0.05

5 Bonus - - - - -

6 Sub-Total (1 to 5) 0.65 0.70 0.73 0.74 0.76

7 Medical expenses reimbursement - - - - -

8 Leave travel Assistance - - - - -

9 Earned Leave Encashment - - - - -

10 Retrenchment Compensation - - - - -

11 Payment under Workmen's Compensation Act - - - - -

12 Payment to Helpers/ Employees of Storm and Monsoon Gang - - - - -

13 Total Other staff costs ( 7 to 12) - - - - -

14 Staff Welfare expenses - - - - -

15 Terminal Benefits 0.15 0.16 0.17 0.18 0.19

16 Arrear due revision of Pay w.e.f Jan ' 06 - - - - -

17 Sub-total (14 to 15) 0.15 0.16 0.17 0.18 0.19

18 Grand Total 0.79 0.86 0.90 0.92 0.95



Employees Costs - Additional information

Form-T6A

Sl No

Category of employee

Previous Year2011-12

Current Year 2012-13

Ensuing Year2013-14



Number Cost

Number Cost

Number Cost

Number Cost

Number Cost

Sanctioned

Working

Rs in

Crores

Sanctioned

Working

Rs in

Crores

Sanctioned

Working

Rs in

Crores

Sanctioned

Working

Rs in

Crores

Sanctioned

Working

Rs in Crore

s

1 Board of directors

- - - - - - - - - - - - - - -

2 Chief Engineer & equivalents

3 3 0.70

3 3 0.75

3 3 0.80

3 3 0.85

3 3 0.90

3 Superintending Engineers & equivalents

13 13 2.01

13 13 2.15

13 13 2.35

13 13 2.55

13 13 2.75

4 Executive Engineers & equivalents

39 39 8.12

39 39 8.55

39 39 8.75

39 39 9.20

39 39 1.02

5 Asst Executive Engineers & equivalents

246 102 23.15

246 157 24.12

246 157 25.25

246 157 27.25

246 157 32.25

6 Asst Engineers & equivalents

76 50 28.15

102 83 29.25

102 83 32.14

102 83 34.81

102 83 36.75

7 All other staff

2741 1851

35.72

2741 1950

40.53

2741 1950

44.35

2741 1950

46.65

2741 1950

55.59

8 ACE s & Equivalent

5 4 2.95

5 5 3.0 5 5 3.20

5 5 3.5 5 5 3.75

9 Other

Total

100.83

108.35

116.84

124.81

133.0

1



Form-T7

Administration and General Charges

TRANSMISSION

(Rs in Crs)


(Audited)

1 Rent, Rates & Taxes 0.50 0.11 0.12 0.12 0.13

2 Insurance 0.07 0.06 0.06 0.06 0.07

3 Telephone Charges 0.23 0.38 0.38 0.39 0.4

4 Postage & Telegram 0.03 0.01 0.01 0.01 0.02

5 Legal Charges 0.07 0.03 0.04 0.04 0.05

6 Audit Fees 0.03 0.03 0.04 0.04 0.05

7 Consultancy Charges 0.11 0.54 0.60 0.61 0.62

8 Technical Fees 0.03 0.01 0.01 0.01 0.02

9 Conveyance & Travel Charges including Vehicle Hiring

1.09 1.23 1.25 1.27 1.29

10 Other Expenses 1.34 1.40 1.42 1.44 1.45

11 Freight 0.02 0.95 0.98 0.99 1.00

12 Other Purchase related expenses 0.04 0.11 0.12 0.12 0.13

GRAND TOTAL

3.56 4.85 5.03 5.10 5.23



Form-T7

Administration and General Charges

SLDC (Rs in Crs)


1 Rent, Rates & Taxes 0.00 0.00 0.00 0.00 0.00

2 Insurance 0.00 0.00 0.00 0.00 0.00

3 Telephone Charges 0.01 0.01 0.01 0.01 0.01

4 Postage & Telegram 0.00 0.00 0.00 0.00 0.00

5 Legal Charges 0.00 0.00 0.00 0.00 0.00

6 Audit Fees 0.00 0.00 0.00 0.00 0.00

7 Consultancy Charges 0.00 0.00 0.00 0.00 0.00

8 Technical Fees 0.00 0.00 0.00 0.00 0.00

9 Conveyance & Travel Charges including Vehicle Hiring

0.03 0.03 0.03 0.04 0.04

10 Other Expenses 0.01 0.01 0.02 0.02 0.02

11 Freight 0.01 0.01 0.01 0.01 0.01

12 Outsourcing of Billing and Meter Reading

0.00 0.00 0.00 0.00 0.00

13 Other Purchase related expenses 0.00 0.00 0.00 0.00

GRAND TOTAL

0.07 0.07 0.07 0.08 0.08



Form - T8

Depreciation

Information shall be provided voltage class ( 400 KV, 220 KV, 132 KV, 66 KV, 33 KV, )

Repeat the same format to provide voltage class-wise information.

(Rs in Crs)

Sl No


Previous year 2011-12 Current year 2012-13 Ensuing year 2013-14 Ensuing year 2014-15 Ensuing year 2015-16

Balance of

accumulated

depreciation at the beginning of the year

Depreciation

provided for the year

Withdrawal of depreciation

Balance of

accumulated

depreciation at the end of the year

Depreciation provided for

the year


Balance of accumulat

ed depreciation at the

end of theye

ar

Depreciati

on provided for the year



ed depreciation at the end of theye

ar

Depreciati




ed depreciation at the end of

theyear

Depreciati




ed depreciation at the end of

theyear

1.

Land & Rights

2.

Building

14.27

0.041

14.68

0.31

14.99

0.31

15.30

0.32

15.62

0.32

15.94

3.

Hydraulic 2.51 - 0.30 2.21

0.39

2.60

0.40

3.00

0.41

3.41

0.41

3.82

4.

Other Civil Works

0.83 0.10 0.93

0.11

1.04

0.12

1.16

0.12

1.28

0.12

1.40

5.

Plant & Machinery

146.31

35.67

181.98

28.50

210.48

30.72

241.20

35.41

276.61

40.86

317.47

6.

Lines & Cable Net work

469.15

37.77

506.92

34.98

541.90

37.06

578.96

40.47

619.43

44.30

663.73

7.

Vehicles 2.48 0.36

2.84

0.43

3.27

0.47

3.74

0.48

4.22

0.47

4.69

8.

Furniture& Fixtures

1.84 0.14 1.98

0.15

2.13

0.15

2.28

0.15

2.43

0.15

2.58

9.

Office Equipment

0.73 0.17 0.90

0.08

0.98

0.08

1.06

0.05

1.15

0.09

1.24

Grand Total

638.12

74.62

0.30 712.44

64.95 - 777.3

9 69.31 -

846.70

77.45 - 924.1

5 86.72 -

1010.87


Form- T9


Interest and Finance charges The information to be provided on a consolidated basis institution wise.

(Rs. in Crores)

SL.NO.

Name of the Institution

Balance at the beginning of the year 2011-12

Amount received during the year

Amount redeemed during the year

Balance outstanding at the end of the year 2011-12

Rate of interest (indicative range in case of several loans per institution)

Interest for the year

Remarks

I Loans from State Govt.

212.75 0 212.75 21.68

Penal Interest

3.34

II ADB Loan

33.15 0 33.15 3.48

III Bonds

IV Others(GPF)

49.16 6.28 55.44 4.04

Total 295.06 6.28 601.34 32.54

Less: Capitalized 8.55 Total 23.99


Form- T9

Interest and Finance charges

The information to be provided on a consolidated basis institution wise.

(Rs. in Crores)

SL.NO.

Name of the Institu

tion







Remarks

I Loans from State Govt.

212.75 252.04 464.79 46.48

Penal Interest

3.44

II ADB Loan

33.15 39.6 72.75 4.55

III Bonds

IV PFC Loan

v Others(GPF)

55.44 60.14 115.58 4.44

Total 301.34 351.78 653.12 58.91

Less: Capitalized 9.55 Total 49.36



The information to be provided on a consolidated basis institution wise. (Rs. in Crores)

Form- T9

SL.NO.

Name of the

Institution







Remarks

I Loans from State Govt. 464.79 100 564.79 59.30

Penal Interest 0 3.54

II ADB Loan

72.75 49.51 122.26 5.69

III Bonds

IV PFC Loan

v Other(GPF)

115.58 64.84 180.42 4.84

Total 653.12 214.35 867.47 73.37

Less: Capitalized 2.37

Total Interest 71.00




Form- T9

SL.NO.

Name of the Institu

tion







Remarks


Penal Interest 3.64

II ADB Loan

122.26 14.9 137.16 7.40

III Bonds

IV PFC Loan

v Other(GPF)

180.42 69.54 249.96 5.24

Total 867.47 96.58






Form- T9

SL.NO.

Name of the

Institution







Remarks


Penal Interest 3.74

II ADB Loan

137.16 10 147.16 8.60

III Bonds

IV PFC Loan

v Other(GPF)

249.96 74.24 342.20 5.64

Total 1151.91 184.24 1336.15 108.78





Form T9A

Sale and Lease Back of Assets

(Rs. in Crores)

Sl. No. Particulars of Assets

Year of Acquisition

Original Cost of the Asset

Year of Sale

Book value at the time of the

sale

Period of Lease

Annual Lease

payments Remarks

-

-

-

-

-

- -

Total



Form - T9B Interest on Working Capital (Rs. In Crores)

Particulars 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

Interest on Working Capital

One Months O&M 7.70 10.26 10.07 12.55 13.67 16.45

Spares @ 1% of GFA 10.58 11.80 22.18 17.08 29.57 33.87

Receivables -Two months of Transmission Charges

56.87 65.19 63.39 107.99 117.20 135.50

Total Working Capital 75.15 87.25 95.64 137.62 160.45 185.82

Interest rate at SBI PLR 10.25% 10.25% 10.25% 10.25% 10.25% 10.25%

Interest on Working Capital 7.70 8.94 9.80 14.11 16.45 19.05



Form-T9C

Interest & Finance Charges

(Rs. In Crores)

Particulars (Rs. Crores) 2011-12 2012-13 2013-14 2014-15 2015-16

Interest on Loans

Interest on State Govt Loans 21.68 46.48 59.30 80.30 90.80

Penal Interest 3.34 3.54 3.54 3.64 3.74

Interest on ADB Loan 3.48 4.55 5.69 7.40 8.60

Interest on Bonds - - - 0

Interest on PFC Loan - - - - -

Interest on SBI Loan - - - - -

Total Interest on Loans 28.50 54.57 68.53 91.34 103.14

Interest on Working Capital 8.94 9.80 14.11 16.45 19.05

Other Finance Charges

All bank charges 0 0 0 0 0

Interest on General Provident Fund 4.04 4.44 4.84 5.24 5.64

Total Other Finance Charges 4.20 4.29 4.39 4.42 4.41

Less: Interest Capitalised 8.55 9.55 2.37 36.03 17.98

Total 33.09 49.36 71.00 60.55 90.80



Form-T10

Details of Expenses Capitalised

(Rs in Crs)

Sl No Particulars

Previous year

2011-12

Current year

2012-13

Ensuing year

2013-14

Ensuing year

2014-15

Ensuing year

2015-16

1 Interest & Finance

charges Capitalised

8.55

9.55

2.37 36.03

17.98

-

-

-

-

-

2 Other expenses capitalised:

-

-

-

-

-

a Employee Costs -

-

-

-

-

b Administration and General Expenses

-

-

-

-

-

c Repairs and maintenance

-

-

-

-

-

d Depreciation -

-

-

-

-

e Others, if any -

-

-

-

-

Total of 2

Grand Total 8.55 9.55 2.37 36.03 17.98



Form-T11

Other Debits (Rs in Crs)

Sl No

Particulars Previous year

2011-12

Current year 2012-

13(Approved)

Ensuing year

2013-14

Ensuing year

2014-15

Ensuing year

2015-16

1 Misc. losses and write off 0.09 - 0.21 0.21 0.21

2

Deferred revenue expenditure written off 0.12 - - - -

Grand Total 0.21 - 0.21 0.21 0.21



Form-T12

Extraordinary items (debt) (Rs in Crs)

Sl No

Particulars

Previous year

2011-12

Current year 2012-13

Ensuing year 2013-14

Ensuing year

2014-15

Ensuing year

2015-16

1 -

-

-

-

-

-

-

-

-

-

2 -

-

-

-

-

-

-

-

-

-

3 -

-

-

-

-

Grand Total



Form-T-13

Net Prior Period Credit/(Charges) (Rs in Crs)

Sl No

Particulars Previous year

2011-12

Current year

2012-13

Ensuing year

2013-14

Ensuing year

2014-15

Ensuing year

2015-16

Income relating to Previous year

1 Excess provision in Prior Periods - - - -

2 Excess provision for depreciation in Prior Periods - - - -

3 Other income relating to Prior Periods - - - -

4

Excess provision for interest and finance charges in prior periods - - - -

Total

Expenditure relating to previous years

1 Employee cost relating to Prior Period - - - -

2 Other Expenses relating to Prior Period - - - -

3 Provision for FBT relating to Prior Period - - - -

4 Interest and other finance charges relating to prior period - - - -

Total

Net prior period Credit/(Charges)



Form-/T14

Contributions, Grants and Subsidies towards cost of Capital Assets

(Rs in Crs)

Sl No

Particulars

Previous year 2011-12 Current year

2012-13 Ensuing year



2015-16

Balance at the beginning of the

year

Additions

during the

Year

Balance at the

end of the year

Additions

during the

Year

Balance at the

end of the year

Additions

during the

Year

Balance at the

end of the

year

Additions

during the

Year

Balance at the end of

the year

Additions

during the

Year


the year

1 Consumers Contribution

2 Subsidies towards cost of Capital Assets

3 Grants towards cost of Capital Assets 529.97 240.45 770.42 356.47

1126.89 445.58

1572.47 94.12 1666.59 90.00 1756.59

4 Others

Grand Total

529.97 240.45 770.42 356.47 1126.8

9 445.58

1572.47

94.12 1666.59 90.00 1756.59



FORM NO T-15

Gross Fixed Assets

Information shall be provided voltage class ( 400 KV, 220 KV, 132 KV, 66 KV, 33 KV, 11 KV and below)


(Rs in Crs)

Sl No

Particulars of assets

Previous year-2011-12 Current year 2012-13 Ensuing year-2013-14 Ensuing year-2014-15 Ensuing year-2015-16

Balance at

the beginning of the year

Additions

during the year

Retirement of asset

s during the year


the yea

r

Additions

during the year

Retirement of asset

s during the year


the yea

r

Additions

during the year

Retirement of asset

s during the year


the yea

r

Additions

during the year

Retirement of asset

s during the year


the yea

r

Additions

during the year

Retirement of asset

s during the year


the yea

r

1.

Land & Rights

12.5 2.55 15.05

77.57

92.62 15

107.62

178.38 286 10 296

2.

Building 17.5

7 0.87 18.44 0

18.44

10.17

28.61 7.8

36.41 2.5

38.91

3.

Hydraulic

2.65 2.65 0

2.65 0

2.65 0.75 3.4 0 3.4

4.

Other Civil Works

6.4 0.52 6.92 2.50

9.42

9.42 250

259.42 0.85

260.27

5.

Plant & Machinery

419.19

85.32

504.51

82.00

586.51 150

736.51 12

748.51 137

885.51

6.


592.72

32.43

625.15

92.64

717.79 150

867.79

867.79

49.65

917.44

7.

Vehicles

3.29 0.5 3.79 1.00

4.79 0

4.79

4.79

4.79

8.

Furniture& Fixtures

2.11 0.13 2.24 0.75

2.99 0

2.99

2.99

2.99

9.

Office Equipment

1.28 0.17 1.45 0.5

1.95 0

1.95

1.95

1.95

10.

Other items (provide list)

Total 1057.71

122.49 0

1180.20

256.96 0

1437.16

325.17 0

1762.33

448.93 0

2211.26 200 0

2411.26


ASSAM ELECTRICITY GRID CORPORATION LIMITED FormT16

Net Fixed Assets

Information shall be provided voltage class ( 400 KV, 220 KV, 132 KV, 66 KV, 33 KV, 11 KV and below)


(Rs in Crs)

Sl No


Previous year-2011-12 Current year 2012-13 Ensuing year-2013-14 Ensuing year-2014-15 Ensuing year-2015-16

Balance of written down cost of assets at the beginning of the year

Net Addition of assets during the year

Net Depreciation for the Year

Balance of written down cost of assets at the end of the year

Net Addition of

assets during the

year


Balance of

written

down

cost of

assets at

the end of

the year

Net Addition of

assets during the

year


Balance of

written

down

cost of

assets at

the end of

the year

Net Addition of

assets during the

year


Balance of

written

down

cost of

assets at the end of the

year

Net Addition of

assets during the

year


Balance of

written

down

cost of

assets at the end of the

year

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

1.

Land & Rights 12.5 2.55 0

15.05

77.57 0

92.62

15.00 0

107.62

178.38 0 286 10 0

296.00

2.

Building 3.31 0.87 0.41 3.76 0 0.37 3.39

10.17 0.30

13.26 7.8 0.47

20.59 2.5 0.49

22.60

3.

Hydraulic 0.13 0 0 0.44 0 0 0.44 0 0.13 0.31 0.75 0.13

0.94 0 0

0.94

4.

Other Civil Works 5.57 0.52 0.1 5.99 2.5 0.21 8.28 0 0.15 8.12 250 0.15

257.97 0.85 0.17

258.65

5.

Plant & Machinery

272.90

85.32 35.67

322.53 82 28.58

375.95

150.00 30.97

494.98 12 38.89

468.09 137 41.54

563.55

6.


123.57

32.43 37.77

118.23

92.64 35.16

175.71

150.00 37.00

288.71 0 37.04

251.67

49.65 43.86

257.47

7.

Vehicles 0.81 0.50 0.36 0.95 1 0.46 1.49 0 0.50 0.99 0 0.50

0.50 0 0.45

0.05

8.

Furniture& Fixtures 0.29 0.13 0.14 0.26 0.75 0.18 0.83 0.00 0.19 0.64 0 0.19

0.45 0 0.14

0.31

9.

Office Equipment 0.55 0.17 0.17 0.55 0.5 0.18 0.87 0 0.09 0.77 0 0.09

0.68 0 0.09

0.59

Total 419.63

122.49

74.62 467.76

256.96

65.15 659.57

325.17

69.32 915.42

448.93

77.45 1286.90

200.00

86.73 1400.17



Form T17

Works in Progress - (Capital Expenditure)

(Rs in Crs)

Description Previous

year2011-12

Current year 2012-

13

Ensuing year 2013-

14

Ensuing year 2014-

15

Ensuing year 2015-16

Opening balance 137.33 211.56 567.86 907.09 1097.00

Add:

i) Capital expenditure 240.32 450.17 615.00 485.00 50.00 ii) Interest & Finance charges capitalised

9.55 2.37

36.03 17.98

iii) Other expenses capitalised

Total capital expenditure for the year (I+ii+iii)

671.28 1185.23 1428.12 1164.98

Less: Expenditure Capitalised (Transferred to Form-T15)

103.42 278.14

331.12 157.98

Closing Balance 211.56 567.86 907.09 1097.00 1007.00

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