Post on 16-Mar-2020
Order i
In th
Appr(ConComdeteroperin NoperioAnd In thPow
1. R2. A3. J4. J5. H6. P7. H8. P9. U10. D11. B12. B13. N14. C15. U16. N17. N
n Petition No. 97
he matter o
roval undernduct of Bu
mmission (Trmination oation to 31orthern Re
od
he matter ower Grid Co
Vs
Rajasthan RAjmer VidyuJaipur VidyuJodhpur VidHimachal PPunjab StatHaryana PoPower DeveUttar PradeDelhi TransBSES YamBSES RajdNorth DelhiChandigarhUttarakhanNorth CentNew Delhi
CENTR
7/TT/2012
of:
r Regulatiousiness) ReTerms anof transmis.3.2014 for
egion for Sa
of: orporation o
Rajya Vidyuut Vitran Niut Vitran Nidyut Vitran
Pradesh State Electricitower Purchelopment D
esh Power Csco Ltd., Ne
muna Powerdhani Powei Power Ltdh Administrd Power Coral RailwayMunicipal C
RAL ELEC
Petition N
Coram:
Shri V. S.Shri M. D
Date of HDate of O
n 86 of Ceegulations d Conditiossion tariff assets (pa
asan and
of India Lim
ut Prasarangam Ltd., Jigam Ltd., JNigam Ltd.
ate Electriciy Board, Paase Centre
Deptt., GovtCorporationew Delhi r Ltd., Delh
er Ltd., Newd., New Delration, Chanorporation
y, AllahabadCouncil, Ne
CTRICITY RNEW
No. 97/TT/2
. Verma, Meena Daya
earing: 0Order : 0
entral Elect1999, and ons of Ta
of elemenart) under SMundra UM
mited, Gurga
n Nigam LtdJaipur Jaipur ., Jaipur ty Board, Satiala
e, Panchkult. of Jammun Ltd., Luck
i w Delhi
hi ndigarh Ltd., Dehrad ew Delhi
REGULATOW DELHI
2012
ember alan, Memb
4.07.201306.08.2013
tricity ReguCentral Ele
ariff) Regunts from d
System StreMPPs for t
aon
d., Jaipur
Shimla
a u & Kashmiknow
adun
ORY COMM
ber
ulatory Comectricity Reulations 20date of comengthening ariff block
…
r, Jammu
.…R
MISSION
Pag
mmission egulatory 009, for mmercial Scheme 2009-14
……Petition
Responden
ge 1 of 44
er
nts
Order i
The
(PGC
unde
Mund
Cent
Regu
2.
was
for S
inclu
3.
cons
n Petition No. 97
following w
1. Shri S. 2. Shri Pr3. Shri M.4. Shri J. 5. Shri Pa6. T.P.S. 7. Shri R.
This petit
CIL) for det
er System
dra UMPPs
tral Electric
ulations 200
The inve
accorded b
Sasan & Mu
ding IDC of
The sco
struction of f
7/TT/2012
were prese
S. Raju, Prashant Sha.M. MondalMazumder
adamjit SingBawa, PSP B. Sharma
tion has b
termination
Strengthen
s” (hereinaf
city Regula
09 (hereina
estment app
by the Boar
undra, date
f `5770 lak
ope of wo
following tr
ent:-
GCIL arma, PGC, PGCIL
r, PGCIL gh, PSPCLPCL a, Advocate
O
been filed
n of transm
ning Schem
fter referred
tory Comm
after referre
proval for th
rd of Direct
d 10.12.20
kh (based o
ork covere
ransmission
IL
L
e, BRPL
RDER
by Powerg
ission tariff
me in Nort
d to as “tra
mission (Te
ed to as "the
he "Sasan
tors of the p
09 at an es
on 2nd Qua
d under t
n lines and
grid Corpor
f of elemen
thern Regi
ansmission
erms and C
e 2009 Tari
and Mundr
petitioner v
stimated co
rter, 2009 p
the project
Sub-station
ration of I
nts for asse
ion for Sas
assets”), b
Conditions o
iff Regulatio
ra UMPPs”
vide C/CP/S
ost of `1216
price level).
t broadly
ns:-
Pag
ndia Ltd
ets (part)
san and
based on
of Tariff)
ons).
scheme
SS in NR
683 lakh
.
includes
ge 2 of 44
Order i
Sw
n Petition No. 97
Transmiss i) Agra-S
ii) Sikar-J
iii) Sikar-
iv) LI
(T
v) LI
D/
Sub Statio i) 2x315
ii) 2x315
iii) 765/40
iv) 400/22
v) 400/22
Reactiv
T
i) Agra-Si
ii) LILO ofAbdulla
NapD/CPanline
witchable Bui) Sikar ii) Ratanaiii) Panchk
7/TT/2012
sion Lines
Sikar 400 k
Jaipur 400
Ratangarh
LO of both
Triple Snow
LO of both
/C line at S
ons
5 MVA,400/2
5 MVA,400/2
00 kV Agra
20 kV Rata
20 kV Jaipu
ve Compen
Transmissio
ikar 400 kV
f both circuitapur 400kV Dptha Jhakri-
C line nchkula-Abd
us Reactor grh
kula
s
kV D/C (Qua
kV D/C Lin
(RVPN) 40
h circuits o
wbird) line at
circuits of
ikar (POWE
220 kV Sik
220 kV Pan
Sub-statio
ngarh (RVP
r Sub-statio
nsation
on Line
D/C (Quad)
ts of NathpaD/C at Panch-Panchkula
ullapur 400
(MVAR) 80 125 125
ad) Line-32
ne-157 Kms
00 kV D/C L
of Nathpa J
t Panchkula
Sikar (RVP
ERGRID)-5
ar Sub-stat
nchkula Su
on (Extensio
PN) Sub-sta
on (Extensi
Line.
a Jhakri- hkula 400 kV
kV D/C
20 kms
s
Line-90 Km
Jhakri-Abdu
a-2*25 Kms
PN)-Ratnag
5.4 Kms
tion (New)
b-station (N
on)
ation (Exte
ion)
Line re
From end 50
- -
s
ullapur 400
s
arh (RVPN
New)
nsion)
eactors (MV
To e 50
(switcha
50 (sw 50 (existin
to be
Pag
kV D/C
N) 220 kV
VAR)
end 0 able)
0 witchable) 0 ng reactor
retained)
ge 3 of 44
Order i
4.
as be
5.
abov
n Petition No. 97
As per th
elow:-
Sl. No.
As
1 As2 As
3 As
4 As
5 As
6 As
7 As
8 As
9 As
10 As
11 As
Accordin
ve mentione
Sl. No. 1 2 3
7/TT/2012
he original
ssets Na
sset-A 315sset-B LIL
RaSik
sset-C LILRaSik
sset-D 315
sset-E LIL220
sset-F LIL220
sset-G 315
sset-H 315
sset-I 125Pa
sset-J 400
sset K 400
ngly, the p
ed assets a
Asset Asset-1Asset-2Asset-3
Petition th
ame of the
5 MVA ICT LO of atnagarh(RVkar(PG) LO of atnagarh(RVkar(PG) 5 MVA ICT
LO of Ckt I0 kV D/C lin
LO of Ckt I0 kV D/C lin5 MVA ICT
5 MVA ICT
5 MVAR anchkula 0 kV D/C Qu
0 kV D/C tw
etitioner p
as below:-
Name1 Asset2 Asset3 Asset
e assets s
Asset
I at Sikar Ckt I
VPN) 220 kV
Ckt II VPN) 220 kV
II at Sikar
I of Jhakri e at PanchkI of Jhakri e at PanchkI at Panchku
II at Panchk
Bus Re
uad Agra Sik
win Sikar Jaip
rayed for
e of the Ass-A & Asset-B-C to Asset--J & Asset-K
ubmitted b
of Sikar D/C line at
of Sikar D/C line at
Abdullapur kula(PG)
Abdullapur kula (PG) ula
ula
eactor at
kar TL
pur TL
determinat
set DOCOB 1.2.20-I 1.3.20K 1.9.20
y the petiti
DOCO
1.2.2012 (1.2.2012 (
1.3.2012 (anticipate
1.3.2012 (anticipate
1.3.2012 (anticipate
1.3.2012 (anticipate1.3.2012 (anticipate1.3.2012 (anticipate1.3.2012 (anticipate1.9.2012 (anticipate1.9.2012 (anticipate
ion of tarif
O 012 (actual) 012 (anticipa012 (anticipa
Pag
oner are
(actual) (actual)
ed)
ed)
ed)
ed)
ed)
ed)
ed)
ed)
ed)
ff of the
ated) ated)
ge 4 of 44
Order i
6.
subm
oper
7. T
B, s
expe
the p
31.3
petiti
actua
31.12
comm
1.2.2
Asse
comm
10.7
n Petition No. 97
Subsequ
mitted, that
ation:-
Sl. No.
A
1 A
2. A3. A
4. A
5. A6. A7. A
The Audito
submitted
enditure up
projects an
.2013 are
ioner. Ther
al expendi
2.2011, es
mercial op
2012 (date
et-C to Ass
mercial ope
.2012 and
7/TT/2012
uently, vide
the follow
Assets N
Asset-C L(R(P
Asset-D 3Asset-E L
2Asset-F L
2Asset-G 3Asset-H 3Asset-I 1
P
r's certificat
by the pe
to 31.12.20
nd the estim
on the bas
refore, thi
iture incurr
stimated e
peration) a
of comme
set-I are ba
eration, wh
29.5.2012
e affidavit
wing assets
Name of the
ILO of Ckt RVPN) 220 PG) 15 MVA ICTILO of Ckt 20 kV D/C liILO of Ckt 20 kV D/C li15 MVA ICT15 MVA ICT25 MVAR
Panchkula
te dated 10
etitioner al
011 has be
mated expe
sis of detai
s petition
red in res
expenditure
and projec
ercial opera
ased on ac
hich are ce
submitted
t dated 4
have also
Asset
II of Sikar kV D/C lin
T II at SikarI of Jhakri
ine at PanchII of Jhakri ine at PancT I at PanchkT II at PanchR Bus R
0.2.2012 in
long with
en verified
enditure fro
ils furnishe
covers det
spect of A
from 1.1
cted expen
ation) to 3
ctual expen
rtified by th
along with
4.8.2012, t
o been put
Ratnagarh ne at Sikar
Abdullapur hkula(PG) Abdullapur hkula (PG)kula
hkula Reactor at
respect of
the petitio
from the bo
om the per
ed by the m
termination
Asset-A an
.2012 to
nditure to
1.3.2013. T
nditure incu
he Auditor's
affidavit d
the petitio
t under com
DOCO
1.5.2012 (
1.4.2012 (
1.3.2012 (
1.3.2012 (
1.3.2012 (1.3.2012 (1.3.2012 (
Asset-A an
on show
ooks of acc
riod of 1.1
managemen
of tariff b
nd Asset-B
1.2.2012
be incurre
Tariff in re
urred up to
s certificate
ated 4.8.20
Pag
ner has
mmercial
actual)
actual) actual)
actual)
actual) actual) actual)
nd Asset-
that the
counts of
.2012 to
nt of the
ased on
B, up to
(date of
ed from
espect of
o date of
es dated
012, and
ge 5 of 44
Order i
proje
comm
hear
are a
400
Jaipu
23.4
comm
comm
petiti
and A
8.
subs
calcu
9.
by th
adjus
n Petition No. 97
ected addi
mercial ope
ing on 18.1
actually co
kV D/C Qu
ur TL) hav
.2013, the
missioned
missioned
ioner would
Asset-K at
Accordin
sequent af
ulated in the
Sl. A
1. Co2. As3. As4. Co
Provisiona
he Commi
stment as p
7/TT/2012
tional cap
eration to
10.2012, th
mmissione
uad Agra S
ve changed
petitioner h
and pray
assets fro
d approach
appropriate
ngly, as per
ffidavits da
e following
ssets
ombined Asssset-C sset-D ombined Ass
al tariff in re
ssion vide
per Regulat
pital expen
31.3.2012/
he petitione
d, whereas
Sikar TL) a
d to 1.1.20
has submitt
yed that t
om Asset-
h the Comm
e time.
r submissio
ated 4.8.2
manner:-
sets of Asse
sets of Asse
espect of the
its order
tion 5 (4) of
nditure to
/ 31.3.2013
er has subm
s date of c
and Asset-K
013. Subse
ted that As
the tariff
A to Asse
mission for
n of the pe
2012 and
t-A and Ass
t-E to Asset
e above me
dated 29.
f the 2009 T
be incurr
3 and for 2
mitted that
commission
K (i.e. 400
equently, v
sset-J and A
may be
et-I and s
r approval
etitioner in m
23.4.2013
DOCDOC
et-B 1.2.21.5.21.4.2
-I 1.3.2
entioned as
3.2012. Th
Tariff Regu
red from
013-14. Du
Asset-A to
ning of Ass
kV D/C tw
vide affidav
Asset-K are
approved
submitted
of tariff for
main petitio
, tariff ha
CO/NotionalCO 2012 2012 2012 2012
ssets was a
his was su
lations.
Pag
date of
uring the
o Asset-I
set-J (i.e.
win Sikar
vit dated
e not yet
for the
that the
r Asset-J
on and in
as been
l
approved
ubject to
ge 6 of 44
Order i
10.
unde
n Petition No. 97
Details of
er:-
DeInReIncaO
DepInteRetuIntecapO &
7/TT/2012
f the trans
Particular
epreciation terest on loaeturn on equterest on wo
apital & M expens
Total
Particul
DepreciInterest Return oInterest capital O & M eTotal
ParticDepreciatioInterest onReturn on Interest oncapital O & M exp
To
CoParticular
preciation rest on loanurn on equityrest on workital
& M expenseTotal
mission ch
Combinedrs 20
(Pr
an uity orking
ses
Aslars
ation on loan
on equity on working
expenses
Asculars on
n loan equity
n working
penses otal
ombined Ass 2
(P
y king
s
harges claim
d Asset- A &011-12 ro-rata)
20
18.079.39
19.272.72
37.2486.69
sset-C 2012-13 (Pro-rata)
37.017.039.9
6.6
80.3180.9
sset-D 2012-13
112.58.
121.16.
184.493.
sset- E, F, G2011-12 Pro-rata)
52.9220.7260.82
6.24
74.12214.82
med by the
(` in
(` in lakh)
(` in la
(` in
& B 012-13 20
146.04 174.71
159.50 118.92
236.21 2635.38 7
)2013-14
06 46.5608 20.3790 51.0760 7.83
31 92.6295 218.95
3 2013-.27 130.80 64.00 143.93 18
.82 195
.82 552
G, H & I 2012-13 2
710.52266.76812.42
80.82
940.222810.74
e petitione
lakh)
)
akh)
n lakh)
013-14
173.22 83.96
192.41 20.95
249.72 720.26
4
6773
25
14 0.624.793.448.59
5.382.82
2013-14
778.98 272.34 890.33
86.43
993.98 3022.06
Pag
r are as
ge 7 of 44
Order i
11.
intere
n Petition No. 97
The deta
est on work
P
MainteO & M Receiv
InteresRate o
MainteO & MRecei
IntereRate o
7/TT/2012
ails submit
king capital
Particulars
enance spareexpenses
vables Total
st of interest
Partic
MaintenancO & M expeReceivables
ToInterest Rate of inte
PartMaintenanO & M expReceivable
TInterest Rate of int
CoParticulars
enance sparM expenses
vables Total
st of interest
tted by the
are as und
Combined2
(Pes
Asculars
ce spares enses s otal
rest
Asticulars nce spares penses es
Total
terest
ombined Ass 2
(Pres
e petitione
der:-
d Asset- A &011-12
Pro-rata) 33.5218.6286.69
138.832.72
11.75%
sset-C 2012-1
(Pro-rat13
73253
613.5
sset- D 2012-1
27.715.482.3
125.415.5
13.50%
sset E, F, G011-12
Pro-rata)133.42
74.12429.64637.18
6.2411.75%
r in suppo
(` in
(` in la
(` in la
(`
& B 2012-13
35.4319.68
105.90161.01
18.9211.75%
3 ta)
2013
.14 1
.30
.90 3
.34 5
.600% 13.
3 2013-172 2940 1630 9242 13752 18% 13.5
G, H & I 2012-13
141.0378.35
468.46687.84
80.8211.75%
ort of its c
n lakh)
akh)
akh)
` in lakh)
2013-14
37.46 20.81
120.04 178.31
20.95 11.75%
-14
3.897.72
36.4158.02
7.8350%
14 .31.28.14.73.590%
2013-14
149.10 82.83
503.68 735.61
86.43 11.75%
Pag
claim for
ge 8 of 44
Order i
12.
publi
of th
Resp
Jodp
Powe
Powe
have
run,
cond
filed
objec
petiti
13.
of th
again
perus
14.
oper
18.10
subm
of co
n Petition No. 97
No comm
ic in respon
he Electric
pondent No
pur Vidyut
er Corpora
er Ltd. (BR
e raised the
initial spar
ditions for d
the rejoind
ctions raise
ioner are de
The matt
he member
n on 4.7.2
sed the ma
PSPCL
ation of th
0.2012 an
mitted that t
ommercial
7/TT/2012
ments or s
nse to the n
ity Act, 20
o.2, Jaipur
Vitran Nig
ation Ltd. (
RPL), Resp
e issue of c
res, petition
declaration
der to the r
ed by the
ealt with in
ter was hea
rs of the C
2013. Havi
aterial on re
and BRPL
e transmis
d vide aff
the petitione
operation
suggestions
notices pub
003. Ajme
Vidyut Vitr
am (Jd.VV
PSPCL), R
ondent No
cost over-ru
n filing fee
of comme
replies filed
responden
relevant pa
ard on 18.1
Commission
ng heard
ecords, we p
L have rai
ssion asset
fidavit 25.1
er did not fu
including
s have bee
blished by t
er Vidyut
ran Nigam
VNL), Resp
Respondent
. 12, have
un in spite
e, licence f
ercial opera
d by AVVNL
nts and th
aragraphs o
10.2012 an
n demitted
the repres
proceed to
ised the is
. During t
10.2012, th
ulfill the con
prior appr
en received
he petitione
Vitran Nig
(JVVNL),
pondent No
t No. 6, an
filed their
of over-est
fee, service
ation, etc.
L, JVVNL a
he clarificat
of this orde
nd order wa
office, the
sentatives o
dispose of
ssue of da
the course
he represe
nditions for
roval of th
d from the
er under se
am Ltd. (A
Responden
o. 4, Punja
nd BSES R
replies, wh
timation, tim
e tax, fulfil
The petitio
and Jd. VV
tions given
r.
as reserved
matter wa
of the par
the petition
ate of com
of the he
entative of
r declaration
he Commis
Pag
general
ection 64
AVVNL),
nt No. 3,
ab State
Rajdhani
here they
me over-
lment of
oner has
VNL. The
n by the
d. As two
as heard
rties and
n.
mmercial
aring on
PSPCL
n of date
ssion as
ge 9 of 44
Order i
spec
petiti
comm
(RVP
part
15.
for S
sepa
oper
being
16.
17.
Regu
obtai
comm
n Petition No. 97
cified in R
ioner has
mercial ope
PN) 400 kV
of the proje
In respo
Sikar-Ratan
arately. He
ation and c
g shared w
Regulatio
"(c) in retransmisstransmissoperation Provided transmissbe accoun Provided for regulanot attribuCommisselement c
As per
ulation 3 o
ined the
mercial ope
7/TT/2012
egulation
not furnish
eration. PS
V D/C line o
ect does no
nse, the re
ngarh (RV
further cla
charging of
ith the resp
on 3 (12) (c
elation to tsion licensesion system :
that the dsion charge fnted for, from
further that ar service buutable to theion may ap
coming into r
the secon
of the 200
prior appr
eration of t
3 (12) (c)
hed the pro
SPCL furthe
of 90 kms. s
ot find ment
epresentativ
PN) 400 k
arified that
the line is a
pondents.
c) of the 20
the transmiee from 00is in regula
ate shall bfor the elemm the date:
in case an ut is prevene transmissipprove the regular serv
nd proviso
09 Tariff R
roval of t
the subject
) of the 2
oper docum
er submitted
shown in le
ion in the m
ve of the p
kV D/C lin
the inform
available in
09 Tariff Re
ission syste000 hour
ar service af
be the first ment shall be
element of tted from proon licenseedate of comice."
to sub-cl
Regulations
he Comm
t transmiss
2009 Tariff
mentation t
d that 400k
etter of inve
main petition
petitioner cl
ne of 90
mation with
n the public
egulations p
em, the daof which a
fter success
day of a ce payable an
the transmisoviding such, its suppliermmercial op
lause (c)
, the petit
ission bef
sion asset.
Regulatio
to indicate
kV Sikar-Ra
estment app
n.
larified that
kms. will
regard to
domain an
provides as
ate declaredan elementful charging
calendar mond its availab
ssion systemh service forrs or contracperation prio
of clause
ioner shou
fore decla
The petitio
Page
ons. The
date of
atnagarh
proval as
t petition
be filed
the trial
nd is also
s under:-
d by the t of the
g and trial
onth and bility shall
m is ready r reasons ctors, the or to the
(12) of
uld have
ring the
oner has
e 10 of 44
Order i
decla
appr
the p
Regu
inclu
provi
affida
18.
relev
test
100%
oper
Regu
succ
19.
satis
the p
appr
regu
it, as
are d
and
n Petition No. 97
ared the co
oval of the
petition to
ulation 3 (
ding a pray
ided under
avit dated 2
The peti
vant tests/c
charged, th
% of its rate
ation from
ulations do
cessful test
In the p
factory, an
petitioner. I
oval of the
lar service,
s provided
directed to
submit the
7/TT/2012
ommercial
e Commissi
include a p
12) (c). Ac
yer seeking
r Regulatio
23.4.2013.
itioner vide
checks are
he transmis
ed capacity,
1st day
oes not de
charging is
resent cas
d we appro
n all future
e Commissi
but is prev
under the s
discuss th
e proposals
operation
on. As suc
prayer for p
ccordingly,
g approval
on 3 (12) (
e affidavit
carried out
ssion eleme
, and hence
of next c
efine trial
s considered
se, the sub
ove the dat
e cases, th
ion whenev
vented from
second pro
e issue of
s to CEA, w
of the ass
ch, the peti
permission
the petitio
of the dat
(c) of the 2
dated 23.4
t before ch
ents are av
e the asset
alendar m
run in ca
d as compl
bmission of
te of comm
e petitione
ver the tran
m doing so
oviso to Reg
trial opera
who shall i
et without
tioner was
under the
ner amend
e of comm
2009 Tariff
4.2013 sub
harging and
vailable for
is declared
month. Sinc
se of tran
etion of tria
f the petitio
mercial oper
r is directe
nsmission s
for reasons
gulation 3 (
tion of tran
in turn sub
obtaining t
directed to
second pr
ded the pe
mercial oper
f Regulatio
bmitted tha
d once suc
r regular se
d under com
ce the 200
nsmission
al run.
oner is co
ration as pr
ed to seek
system is r
s not attribu
(12) (c). Th
nsmission e
bmit a cons
Page
the prior
o amend
roviso to
etition by
ration as
ons, vide
at all the
cessfully
ervice @
mmercial
09 Tariff
element,
nsidered
rayed by
the prior
ready for
utable to
he RPCs
elements
solidated
e 11 of 44
Order i
prop
grant
prece
Capi
20.
Regu
21.
Com
Asse
of es
cove
Asse
CombAssetAssetAssetCombAssetE to ATOTA*Totatotal a
n Petition No. 97
osal for co
ted to the
edent.
ital cost
As regar
ulations pro
“(1) Capit(a) The e
duringforeigequal excesnormaof theof comafter p
The det
mbined Asse
ets of (Asse
stimated ad
ered in the p
ets
bined t -A and B t-C t D bined ts of Asset-Asset-I AL al estimated apportioned
7/TT/2012
onsideration
e petitioner
rds the ca
ovides as u
tal cost for a expenditure g construction exchangeto 70% of t
ss of 30% oative loan, oe actual equimmercial opprudence ch
ails of ap
ets of (Ass
et-E to Asse
dditional ca
petition are
Apportioned/Approved cost
3287.14
933.792353.35
20367.5
26941.79expenditure/approved c
n of the C
r in the in
pital cost,
nder:-
project shaincurred or
on and finan risk variatiothe funds de
of the funds r (ii)being eqity less than
peration of thheck.”
pportioned
set-A & Ass
et-I) as on d
apitalization
given here
d Expenditas on DONotional DOCO
4 19
9 65 18
1 128
9 e of all the acost.
Commission
nstant case
Regulation
ll include: projected t
cing chargeon during coeployed, in deployed, b
qual to the an 30% of thehe project, a
approved
set-B), Ass
date of com
n projected
eunder:-
ture OCO /
2011
934.44 4
664.87820.75
870.98 12
bove assets
n for future
e shall not
n 7 (1) (a)
o be incurres, any gain
onstruction othe event oby treating t
actual amoune fund deploas admitted
cost, the
set-C, Asse
mmercial op
to be incu
-12 2012
04.03 12
- 27- 82
23.05 182
s taken toge
e cases. Th
t be quote
of the 200
ed, includingor loss on a
on the loan –f the actual the excess nt of loan in oyed, - up to
by the Com
admitted
et-D and C
peration an
urred for the
(`2-13 2013
16.01
78.6529.13
28.48 105
ther is well w
Page
his relief
ed as a
09 Tariff
g interest account of – (i) being
equity in equity as the event
o the date mmission,
cost for
ombined
d details
e assets
` in lakh) -14 Total
estimexpe
-
- -
50.00
within the
e 12 of 44
l mated enditure*
3554.48
943.522649.88
16972.51
24120.39
Order i
22.
Notio
been
Ass
Comand Asse
Asse
ComF, G
Time
23.
comm
appr
24.
Sika
com
con
I, w
1.2.
Com
ove
calc
n Petition No. 97
Accordin
onal date o
n considere
sets
mbined AsseB
et-C
et-D
mbined AsseG, H & I
e over-run
As per
missioned
oval), i.e., b
The petit
ar T/L and
mmissioned
trol. The pe
which have
2012 to
mmission fo
r-run in cas
culated.
7/TT/2012
ngly, followi
of commerc
d for the pu
DOCNotiDOC
ets A 1.2
1.5
1.4
ets E, 1.3
n
the investm
within 32
by 1.9.2012
tioner has s
400 kV D
in January
etitioner ha
been com
1.5.2012
or approval
se of Asse
ng capital c
cial operatio
urpose of ta
CO/ onal
CO
CabefIEDon
2.2012
5.2012
4.2012
3.2012
ment appro
months fro
2.
submitted t
D/C (twin)
y, 2014 an
as requeste
mmissioned
and subm
of the tarif
t-A to Asse
cost up to
on of the A
ariff:-
apital cofore adDC/IDC & i DOCO/ Not
oval the p
om 10.12.2
hat the Ass
Sikar- Jaip
nd July, 201
ed to approv
d within the
mitted that
ff for Assets
et-I and acc
date of com
Assets /Com
st considjustment initial spartional DOCO
19
6
18
128
project was
2009 (the d
sets- 400 kV
pur T/L are
14 due to r
ve tariff for
e timeline
they wo
s J & K late
cordingly tr
mmercial o
mbined Ass
(` inidered
of res as O
Appertar
934.44 1.3
664.87 1.3
820.75 1.43
870.98 1.3
s schedule
date of inv
V D/C (qua
e anticipate
reasons be
Asset–A to
progressiv
uld appro
er. There is
ransmission
Page
peration/
ets have
lakh) plicable riod of iff
2.2012 to 31.3.20145.2012 to
31.3.20144.2012 to
31.3.20143.2012 to
31.3.2014
ed to be
vestment
ad) Agra-
ed to be
eyond its
o Asset–
ely from
ach the
s no time
n tariff is
e 13 of 44
Order i
Cos
25.
app
hav
cost
cost
inve
PSP
cost
`10
the
app
ove
Trea
26.
initia
lakh
`27.4
(`210
trans
that
towa
The
n Petition No. 97
st over-run
BRPL an
proval of th
ve submitted
t of `12168
t of the ass
estment of
PCL has fu
t of Sikar-R
8968 lakh,
assets co
portioned a
r-run.
atment of In
The capit
l spares am
for Asset-B
46 lakh fo
0.52 lakh c
smission lin
the claim o
ards initial s
capitalizati
7/TT/2012
n
nd PSPCL h
he project b
d that the i
83 lakh incl
sets is exp
`121683 la
urther subm
Ratangarh
there is co
overed in
pproved co
nitial Spare
tal costs as
mounting to
B) for Com
or Asset-D
correspondi
ne) for Com
of the petit
spares is h
on of the in
have raised
by the Boa
investment
uding IDC
ected to be
akh resultin
mitted that w
line, is com
ost over-ru
the instan
ost of 2694
es
s on the dat
o ` 35.46 la
mbined Ass
correspon
ng to sub-s
mbined Ass
ioner for `8
higher than
nitial spare
d the issue
ard of Dire
approval w
of `5770 la
e `109741
ng in a larg
when `121
mpared wit
un. We hold
nt petition,
41.79 lakh,
te of comm
akh (` 27.4
set-A and B
nding to s
station and
set-E, F, G
8.30 lakh e
the norms
es should b
of huge ov
ctions of th
was accord
akh. The es
lakh as ag
e savings t
683 lakh, w
th the appo
d that the t
, i.e., `24
, and henc
mercial oper
46 lakh for A
B, `8.30 lak
ub-station
`38.68 lak
G, H & I. BR
each for As
s of 0.75%
be limited to
ver-estimatio
he petitione
ded at an e
stimated co
gainst the a
to the tune
which also
ortioned FR
total expen
4120 is wi
ce there is
ration is inc
Asset-A an
kh for Asse
and `249
kh correspo
RPL has s
sset-B and
of the cap
o the ceilin
Page
on in the
er. They
stimated
ompletion
approved
of 10%.
includes
R cost of
nditure of
ithin the
no cost
clusive of
nd ` 8.30
et-C and
.20 lakh
onding to
ubmitted
Asset-C
ital cost.
ng norms
e 14 of 44
Order i
presc
claim
the 2
the
Regu
P
CAa
A
A
CAFI
27.
cons
Asset
CombinAssets Asset-CAsset-DCombinAssets H & I
n Petition No. 97
cribed by t
med by the
2009 Tariff
initial spar
ulation 8 ar
Particulars
Combined Assets-A and B
S
Asset-C S
Asset-D S
Combined Assets-E, F, G, H &
S
TL
According
sidered for t
s
ned -A &B
C D ned E, F, G,
7/TT/2012
the 2009 T
petitioner a
Regulations
res claimed
re given bel
Sub- station
Sub- station
Sub- station
Sub- station
Transmission ines
gly, capital
the purpose
Capital cosadjustmentIEDC/IDC &spares as oDOCO / NoDOCO
Tariff Regu
are within th
s. Hence, t
d by the p
ow:-
Capital cost claimed as on cut- off date
3,383.91
758.19
2,649.88
10,756.23
6,216.28
cost as on
e of tariff ca
st before t of
& initial on
otional
1934.44
664.871820.75
12870.98
ulations. W
he ceiling lim
he same is
petitioner a
Initial spares claimed
35.76
8.30
27.46
210.52
38.68
date of co
alculation a
Deduction respect of excess IDCIEDC
0.0
0.00.0
0.0
We hold tha
mits defined
s being allow
and the ce
Ceiling limits as pRegulation8 of the 2009 TarifRegulation
2.50
2.50
2.50
2.50
0.75
ommercial o
s given her
in
C/
Deductin respof exceinitial spares
00
0000
00
at the initia
d in Regula
wed. The d
eiling limits
(`
per n
ff ns
Initial spares workedout
0% 85.85
0% 19.23
0% 67.24
0% 270.40
5% 46.68
operation h
reunder:-
(`tion
pect ess
CapiadjuIEDCsparDOCDOC
0.00
0.000.00
0.00
Page
al spares
ation 8 of
details of
s as per
` in lakh)
d
Excess initial spares claimed
5 -
3 -
4 -
0 -
8 -
has been
` in lakh) ital cost aftstment of
C/IDC & initres as on CO / NotionaCO
1934
6641820
12870
e 15 of 44
-
-
-
-
-
er
ial
al
4.44
4.870.75
0.98
Order i
Proje
28.
29.
30.
given
NamAss
ComAsseAsseAsseComAsseH &
31.
has b
n Petition No. 97
ected addi
As per R
“Additionabe incurreddate of cothe Comm
(((
(
(
The 2009
“cut-off dacommercunder comshall be 3operation
Petitione
n hereunde
me ofsets
mbined ets A & B et-C et-D
mbined ets-E, F, G, I
Additiona
been consid
7/TT/2012
itional cap
Regulation 9
al Capitalisatd, on the fol
ommercial opission, subjei) Undischi) Works dii) Procurem
work, suiii) Liabilitie
order or iv) Change
9 Tariff Reg
ate means 3ial operationmmercial op
31st March of”.
er has claim
er:-
f date
commeroperatio
1.2.20
1.5.201.4.20
1.3.20
al capital e
dered for th
ital expend
9 (1) of the
tion: (1) Thelowing counperation andect to prudenarged liabiliteferred for ement of initia
ubject to the s to meet adecree of a in Law:”
ulations fur
31st March ofn of the properation in tf the year clo
med additi
of
rcial on
2011
012
012 012
012
expenditure
he purpose
diture
2009 Tariff
e capital expnts within thed up to the nce check:ties; execution; al capital spprovisions o
award of arbcourt; and
rther define
f the year cloject, and inthe last quaosing after 3
onal capita
1-12
404.03
--
1223.05
e claimed is
of tariff cal
f Regulation
penditure ince original scocut-off date
pares within of Regulationbitration or f
es the cut-of
osing after 2ncase of therter of the y
3 years of th
al expendit
2012-13
1216.01
278.65829.13
1828.48
s within th
lculation.
ns
curred or proope of work,may be ad
the original n 8; for complian
ff date as u
2 years of the project is year, the cue year of co
ture as pe
(` in lakh2013-14
1 -
5 -3 -
8 1050.00
e cut-off d
Page
ojected to , after the mitted by
scope of
ce of the
under:-
he year of declared
ut-off date ommercial
r details
h)
-
- -
0
ate, and
e 16 of 44
Order i
Debt
32.
33.
date
here
n Petition No. 97
t- equity ra
Regulation
“12. Deboperation30% of thloan: Provided cost, the aProvided designate Explanattransmissinvestmenfunding ocomputingresourcesgeneratin (2) In casunder comthe Commshall be c (3) Any eas may bdeterminaextensionregulation
Details o
of commer
under:-
Partic
DebtEquityTotal
Partic DebtEquityTotal
7/TT/2012
atio
n 12 of the 2
bt-Equity R on or after
he capital cos
that where actual equity
further thaed in Indian r
tion- The prsion licenseent of internf the projectg return ons are actuag station or
se of the gemmercial opmission for considered.
xpenditure ibe admitted ation of tariffn shall be sn.”
of debt-equ
rcial operat
culars Com
y
culars
y
2009 Tariff
Ratio. (1) Fr 1.4.2009, ist, equity in
equity actuay shall be coat the equirupees on th
emium, if ane, as the caal resourcet, shall be ren equity, prolly utilised the transmis
enerating staperation priodeterminatio
ncurred or pby the Comf, and renovserviced in
ity in respe
tion/Notiona
Capital costAmount
mbined Asset135
19Asset-C
AmountAsset-C
416
Regulation
For a projeif the equityexcess of 3
ally deployedonsidered foity investedhe date of ea
ny, raised byase may be,es created oeckoned as povided suchfor meetingssion system
ation and thor to 1.4.20on of tariff f
projected to mission as a
vation and mthe manner
ect of the t
al date of co
(t as on DOCO
%t- A & B354.11580.33934.44
%
465.41199.46664.87
ns provides
ect declaredy actually de0% shall be
d is less thar determinat
d in foreignach investme
y the genera while issuiout of its fpaid up capih premium g the capitam.
he transmiss09, debt-eqfor the perio
be incurredadditional ca
modernisatior specified
ransmissio
ommercial
(` in lakh) O
70.0030.00
100.00
70.0030.00
100.00
that:-
d under coeployed is m
treated as n
an 30% of thtion of tariff: n currency ent.
ating compang share caree reserveital for the pamount andl expenditu
sion system uity ratio alod ending 3
d on or after apital expen
on expendituin clause (1
n assets a
operation a
Page
ommercial more than normative
he capital
shall be
any or the apital and e, for the urpose of d internal re of the
declared lowed by
31.3.2009
1.4.2009 nditure for ure for life 1) of this
s on the
are given
e 17 of 44
Order i
34.
Retu
35.
n Petition No. 97
Debt- eq
urn on equ
Regulatio
“15. (1) Rbase dete (2) Return15.5% foriver geneincluding generatinthis regula
DebtEquityTotal
DebtEquityTotal
7/TT/2012
uity ratio as
ity
on 15 of the
Return on eermined in a
n on equity r thermal geerating statio
pumped sg station witation:
y
Combin
y
Particular
Debt Equity Total
Debt Equity Total
Debt Equity Total
CoDebt Equity Total
s on 31.3.2
e 2009 Tari
quity shall bccordance w
shall be comenerating ston, and 16.storage hydth pondage
Asset-DAmount
12 518
ned Assets EAmount
93
12
Caprs Amo
Combined
As
As
ombined As
2014 is give
iff Regulatio
be computewith regulatio
mputed on ptations, tran5% for the
dro generatand shall be
%274.53546.23820.75
E, F, G, H & I%
9009.693861.292870.98
ital cost as ount d Asset-A &
2488.141066.343554.4
sset-C 660.4283.0943.5
sset-D 1854.9
794.92649.8
sset-E, F, G11880.7
5091.716972.9
en hereunde
(` in la
ons provide
ed in rupee on 12.
pre-tax basismission systorage typeting stationse grossed up
70.0030.00
100.00
70.0030.00
100.00
on 31.3.201
& B 4 70.4 30.8 100.
6 70.6 30.2 100.
2 70.6 30.8 100., H & I
76 70.75 30.91 100.
er:-
akh)
es that:-
terms, on t
s at the basystem and re generatings and run p as per clau
14 %
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
Page
he equity
se rate of un of the g stations
of river use (3) of
e 18 of 44
Order i
36.
equit
allow
gross
Finan
15 of
n Petition No. 97
Provided additionalwithin the Provided the projecwhatsoev (3) The rarate with 2008-09, generatin
(4) Raand be co
Rate of pr
Where “t”regulation
(5) Thmay be, son accouAlternate/amendedmaking an
Provided applicablemay be, respectiveRegulatio
BRPL ha
ty @ 18.04
wed as per
sing up the
nce Act, sh
f the 2009
7/TT/2012
that in casel return of 0
e timeline spe
further that ct is not com
ver.
ate of returnthe Minimuas per the g company
ate of returnomputed as
re-tax return
” is the appn.
he generatinshall recoverunt of Retu/Corporate I from time tny applicatio
further thae to the gene
in line withe year durinn 6 of these
as submitte
44% withou
the 2009
e base rate
hall be settl
Tariff Regu
e of projects 0.5% shall ecified in Ap
the additionmpleted with
n on equity um AlternateIncome Taxor the transm
n on equity per the form
n on equity =
plicable tax
ng companyr the shortfa
urn on Equincome Tax to time) of ton before the
at Annual Ferating comph the provis
ng the tariff regulations
ed that the
t giving any
Tariff Regu
of return w
led in acco
ulations. W
commissionbe allowed
ppendix-II:
nal return ofhin the time
shall be come/Corporate x Act, 1961,mission licen
shall be roumula given be
= Base rate /
rate in acc
y or the tranall or refund ity due to Rate as pe
the respective Commissio
Fixed Chargpany or the trsions of theperiod shall ."
e petitioner
y reason a
ulations. Th
with the app
ordance with
We would lik
ned on or aftif such pro
f 0.5% shallline specifie
mputed by gIncome Ta
, as applicabnsee, as the
unded off to elow:
/ (1-t)
cordance wi
nsmission licthe excess Achange in
er the Incomve financial on:
e with respransmission e relevant be trued up
has calcu
nd return o
he petitione
licable tax r
h the provis
ke to clarify
ter 1st April, ojects are c
l not be admed above for
grossing up ax Rate for ble to the c
e case may b
three decim
th clause (3
censee, as Annual Fixeapplicable
me Tax Act, year directl
pect to the licensee, as
Finance Acp in accorda
lated the r
on equity sh
er's prayer
rate as per
sions of Re
y that pre-ta
Page
2009, an completed
missible if r reasons
the base the year
oncerned be.
mal points
3) of this
the case d Charge Minimum 1961 (as
ly without
tax rate s the case ts of the ance with
eturn on
hould be
to allow
relevant
egulation
ax return
e 19 of 44
Order i
on e
calcu
37.
R
OAexCAR TRR
OACAR TRR
OACAR TRR
n Petition No. 97
equity of
ulations.
Based on
Return on Eq
Opening equAddition due
xpenditure Closing equitAverage equiReturn on eqTax rate for t
Rate of returnReturn on eq
Opening equAddition due Closing equitAverage equiReturn on eqTax rate for t
Rate of returnReturn on eq
Opening equAddition due Closing equitAverage equiReturn on eqTax rate for t
Rate of returnReturn on eq
7/TT/2012
17.481%
n the above
quity
ity to additiona
y ity uity (Base Rthe year 200n on equity (quity (Pre T
Return on
ity to additionay ity uity (Base Rthe year 200n on equity (quity (Pre T
Return onity to additionay ity uity (Base Rthe year 200n on equity (quity (Pre T
has been
e, the follow
Combine
l capital
Rate ) 08-09 (MAT)(Pre Tax )
Tax)
An Equity
l capital exp
Rate ) 08-09 (MAT)(Pre Tax )
Tax)
An Equity
l capital exp
Rate ) 08-09 (MAT)(Pre Tax )
Tax)
considere
wing return
ed Asset- A2011-12(Pro-rata
580.121.2
701.640.
15.50) 11.33
17.48118.
Asset-C
penditure
)
Asset-D
penditure
)
ed for the
on equity h
A & B
a) 2012-1
33 721 3
54 1094 8
0% 13% 11% 1767 1
2012-1(Pro-ra
1
22
1511
17.
2012-15276
1511
17.1
purpose
has been al
(`
(`
(`
3 201
701.54 364.80
066.34 883.94 5.50% 1.33% .481% 154.52
13 ata)
20
99.4683.60
283.06241.265.50%1.33%481%38.66
13 20546.23248.74794.96670.595.50%1.33%481%17.23
Page
of tariff
lowed :-
` in lakh)
` in lakh)
` in lakh)
13-14
1066.340.00
1066.341066.3415.50%11.33%
17.481%186.41
013-14
283.060.00
283.06283.06
15.50%11.33%
17.481%49.48
013-14 794.96
0.00794.96794.96
15.50%11.33%
17.481%138.97
e 20 of 44
Order i
38.
of th
spec
have
view
Regu
elem
sche
uphe
155/2
OAeCAR TRR
n Petition No. 97
During h
he 11 elem
cified time
e considere
that for g
ulation 15(2
ments of the
edule specif
eld by the
2011. The r
"16. Nowappellant ‘transmisscounsel, telement othe transmof 0.05%CommissAppendixif the de‘transmiss
Ret
Opening equAddition due expenditureClosing equitAverage equReturn on eqTax rate for
Rate of returnReturn on eq
7/TT/2012
earing on
ments of th
limit and p
ed the subm
grant of a
2) read wi
e transmiss
fied in Appe
Tribunal
relevant ob
w, the thrust lies in read
sion systemthere is no dor a unit or amission licen as per region Tariff R
x II to the saiefinition of sion system
Cturn on Equ
uity to additiona
ty ity
quity (Base Rthe year 200n on equity (quity (Pre T
18.10.2012
he Scheme
prayed for a
missions of
additional r
th Append
sion system
endix II of t
in its judg
bservations
of the of thding the defm’ together difficulty in aa line or a gnsee would gulation no Regulations,2
d regulationthe word
m’ are not re
Combined Auity
al capital
Rate ) 08-09 (MAT)(Pre Tax )
Tax)
2, the petitio
e have be
additional r
the petition
return on e
ix II of 20
ms need to
the said Re
gment date
of the Tribu
he argumenfinition of th
in order taccepting theroup of linesbe entitled t15 (2) of th2009 and thn 15(2) will h‘project’ anead togethe
Asset- E, F,2011-1
(Pro-ra3861366
4228404415.5
) 11.317.48
58
oner has s
een commi
return on e
ner. We are
equity und
09 Tariff R
be comple
egulations. T
ed 10.5.20
unal are ex
nt of the leahe word ‘prothat, accorde propositions are completo the additihe Central Ehe efficacy oave no effec
nd the definer then the
G, H & I 12 ta)
201
1.29 46.92
8.21 44.75 450%33%81% 18.92
(`
ubmitted th
ssioned w
equity of 0.
e of the co
der first pr
Regulations
eted within
This view h
012 in App
xtracted as
rned counseoject’ and thding to then that even weted the genonal return Electricity Rof the Note ct. It is submnition of thvery purpos
2-13 2
4228.21 548.54
4776.75 4502.48 15.50% 11.33% 7.481% 787.08
Page
` in lakh)
hat 9 out
within the
.5%. We
nsidered
roviso to
s, all the
the time
has been
peal No.
under:-
el for the hat of the e learned when one nerator or on equity
Regulatory 1 to the
mitted that he words se of the
2013-14
4776.75315.00
5091.754934.2515.50%11.33%
17.481%862.56
e 21 of 44
Order in Petition No. 97
scheme orelevant pto us it aappellant word ‘progeneratioboth. Defsection 2(‘project’ balso a prowith or wassociateon readinsystem mgroups ofand incluswith transwork or pdown a substationBallabhgarequired tof the worender antogether w(2) of the of the proof 0.5%. Tor block in Appendcharm in impugned‘transmisstransmissword ‘trantime scheor elemendescriptiohave seeproject isAppendixappertainthat elemIf it had bof a part owould enthen theytime framimplemenapproval. thereof, tadditionaldoes har
7/TT/2012
of the Act beprovisions ofappears to is difficult t
oject’ as apn and trans
finitely, the i(40) of the Abecause traoject and thwithout ass
ed with transng the two wmay be in af lines and thsively the trasmission lineproject it ap400 kV D/Cns and oarh 400 kVto be compleord ‘project’ ny assistancwith the AppTariff Regul
oject does enThe words ‘or element
dix II of the rit. The argu
d order of thsion project sion project’ nsmission sedule may rent of transmon of the won earlier. Co
s not what x II and the s to the scoent of the tra
been the inteof a work or title the tran would have
me for each onted within
That has nhat would ql return on rdly have to
ecomes otiof the Act anus that the
to accept foppearing in smission bemport of the
Act has beennsmission se transmiss
sociated subsmission linewords togetha case of a hey again mansmission ses and sub-spears that tC line and ne reactive
V D/C line. eted within tas we find
ce to the appendix II as lations, 2009ntitle the app’ up to the t of transmregulation 15ument of thehe Commiss
as a wholecan hardly
system’ is a elate to, in cission projecork covered ompletion ois contemplNote theretpe and ambansmission ention of thea part of the
nsmission lie expressly mof the units
a specific not been doqualify a tran
equity. Inteoo much of
ose and getsd those of t
e argument or the prima
section 2(3ecause the e word ‘transn incorporatesystem is alion system b-station, aes and sub–er do not leparticular p
ay be with osystem maystations. Nothis transmis
two extense compensThis is the
the time framin section 2
pellant, for also the no
9 it does notpellant to cladate of comission proje5(2) of the Re learned cosion has thee’ in the plac
be agreed comprehen
case of any ct as may beunder the
f a part of tlated in theto. The elem
bit of the worwork which
e authors of e project or acensee to cmade provisor each of ttimeframe
ne. It is thensmission licrpretation of relevance
s defeated. Athe Regulatioof the lear
ry reason th31) of the Regulationssmission sysed in to the lso a projecmeans a linnd it also
–stations. Inead us anywproject a linor without asy comprise eow, having sssion projecsion works sation on
e transmissime. In this s2(31) of thehaving readte 1 to the st appear thaaim for additmmercial opect as appl
Regulations, ounsel for th
e effect of suce of the exto because
nsive one anparticular pe applicabletransmission
the total wor regulation
ment of the rd transmissis applicablethe Regula
a part of theclaim additiosion there fothe parts of
from the scheme ascensee to th
of different pin the con
After havingons as wererned counsehat the impoAct compri
s, 2009 is mstem’ as ocdefinition of
ct as a genene or a grou
includes e fact, over e
where. A tranne or any nssociated suequipment aseen the sco
ct consisted of the twoproposed
on project scenario the e Act does d the regulatsaid regulatit completionional return
peration of licable’’ as 2009 has nohe appellanubstituting txpression ‘ele the definitind the comroject, units
e to such pron project is rk covered u15(2) read transmissio
sion system. e in a given tions that co transmissio
onal return or and made the total wodate of in
s a whole, nhe entitlemeprovisions onspectus of
Page
read the e referred el for the ort of the ses both
meant for curring in f the word eration is p of lines
equipment emphasis nsmission umber of b-station, ssociated
ope of the of laying
o existing Kanpur-
that was definition not really tion 15(2) ion no 15 n of a part on equity the units occurring o magical t that the he words lement of on of the pletion in , or block oject. The
what we under the
with the on project It means situation.
ompletion on system on equity separate
orks to be nvestment not a part ent to the of the Act
the fact
e 22 of 44
Order i
39.
been
the T
equit
Regu
2009
Inter
40.
n Petition No. 97
situation 2009 is conly one the Commhas not b In the pr
n completed
Tribunal as
ty for the s
ulation 15(2
9 Tariff Reg
rest on loa
Regulatio
“16. (1) Tconsidere (2) The ndeducting31.3.2009 (3) The reto be equ (4) Notwcompany loan shalproject an (5) The calculatedyear appl Provided is still outbe considProvided the case of interestshall be c
7/TT/2012
in which intcalled for. Telement to t
mission doeseen commis
resent case
d within the
extracted a
subject ass
2) of the 20
gulations.
an
on 16 of the
The loans ared as gross n
normative log the cumula9 from the gr
epayment foal to the dep
withstanding or the transl be conside
nd shall be e
rate of inted on the basicable to the
that if there tstanding, th
dered: further that may be, doet of the gene
considered.
terpretation he element the exclusios appear to ssioned with
e, only 9 o
e timeline.
above, the p
set cannot
009 Tariff R
e 2009 Tari
rrived at in thnormative lo
an outstandative repaymross normat
or the year opreciation al
any morasmission liceered from thequal to the a
erest shall sis of the ac
e project:
is no actualhe last avail
if the generes not have erating comp
of the reguof the trans
on of others,have rightlyin the time s
out of 11 e
In the light
petitioner's
be allowe
Regulations
iff Regulatio
he manner inoan for calcu
ding as on 1ment as admive loan.
of the tariff plowed for tha
torium periensee, as thhe first yearannual depr
be the weictual loan p
l loan for a pable weight
rating stationactual loan
pany or the t
lation 15 (2smission pro if there are
y held that thschedule."
elements in
t of the prin
prayer for
ed as it is
s read with
ons provide
ndicated in rulation of inte
1.4.2009 shamitted by th
period 2009at year.
od availed e case may r of commerreciation allo
ighted averportfolio at th
particular yeaed average
n or the tran, then the wtransmission
) of the Regoject does n
e more than he project as
the Schem
nciple laid
additional r
not covere
h Appendix
es as under
regulation 12erest on loan
all be workee Commiss
9-14 shall be
by the g be the reparcial operati
owed.
age rate ofhe beginning
ar but normarate of inte
nsmission syweighted aven licensee as
Page
gulations, not mean one, and
s a whole
me have
down by
return on
ed under
II of the
r:-
2 shall be n.
ed out by ion up to
e deemed
enerating ayment of on of the
f interest g of each
ative loan erest shall
ystem, as erage rate s a whole
e 23 of 44
Order i
41.
here
n Petition No. 97
(6) The inthe year b (7) The gbe, shall savings ofinancing shared btransmiss (8) The cfrom the d (9) In caaccordanBusiness)statutory Provided any paymor the tranre-financi
In these
eunder:-
(i) Gros
on a
Com
dated
(ii) The
cons
(iii) Weig
out a
the y
7/TT/2012
nterest on loby applying t
generating cmake everyon interest shall be bo
between thesion licensee
changes to tdate of such
ase of dispce with the ) Regulationre-enactmen
that the benment on acconsmission licng of loan.”
calculation
ss amount o
actual loan
bined Asse
d 4.8.2012
yearly rep
idered to b
ghted avera
as per (i) a
year to arriv
oan shall be the weighted
ompany or y effort to reand in thatorne by the e beneficiare, as the cas
the terms an re-financing
ute, any ofCentral Ele
ns, 1999, ant thereof fo
neficiary or thount of the censee durin
s, interest
of loan, rep
ns have be
ets A & B
for all othe
payment fo
e equal to t
age rate of
bove is ap
ve at the int
calculated od average ra
the transmis-finance the event the beneficiarie
ries and thse may be, in
nd conditiong.
f the partieectricity Regas amendedr settlement
he transmissinterest claimng the pende
on loan has
payment of
een consid
and as pe
r assets;
or the tar
the depreci
f interest o
plied on th
terest on loa
on the normaate of interes
ssion licensee loan as lon
costs assoes and the he generatinn the ratio of
ns of the loa
s may makulatory Comd from timeof the dispu
sion custommed by the ency of any
s been wor
instalments
dered as
er the affida
riff period
iation allow
on actual a
he notional
an.
ative averagst.
ee, as the cng as it resuciated with net savingsng companyf 2:1.
ans shall be
ke an applimmission (Coe to time, ute:
ers shall notgenerating dispute aris
rked out as
s and rate
per the pe
avit of the
2009-14 h
wed for that
average loa
average lo
Page
ge loan of
case may ults in net
such re-s shall be y or the
reflected
ication in onduct of including
t withhold company
sing out of
detailed
of interest
etition for
petitioner
has been
year;
an worked
oan during
e 24 of 44
Order i
42.
given
43. unde
n Petition No. 97
Detailed
n in the Ann
Details oer:-
Particulars
Gross normaCumulative rNet loan-opeAddition dueRepayment dNet loan-closAverage loan
Weighted avInterest
Gross normaCumulative rNet loan-opeAddition dueRepayment dNet loan-closAverage loanWeighted av
Interest
Particulars Gross normaCumulative rNet loan-opeAddition dueRepayment dNet loan-closAverage loanWeighted av
Interest
7/TT/2012
calculation
nexure - I to
of the intere
ative loan repayment upening e to additionalduring the yesing n
verage rate of
Particu
ative loan repayment upening e to additionalduring the yesing n
verage rate of
ative loan repayment upening e to additionalduring the yesing n
verage rate of
n of the we
o Annexure
est on loan
Com
pto previous y
capital expenar
f interest on lo
ulars
pto previous y
capital expenar
f interest on lo
pto previous y
capital expenar
f interest on lo
ighted aver
e - IV to this
n worked o
mbined Asset
(
year
nditure
oan
Asset -C
year
nditure
oan
Asset-D
year
nditure
oan
rage rate o
s order.
out on the a
t- A & B2011-12
(Pro-rata)1354.11
0.001354.11282.82
18.071618.861486.48
3.7896%9.39
2012-13(Pro-rata
4650
465195
37623544
3.423
17
20121274
01274580112
17421508
3.898
58
of interest h
above basi
(`
2012-13
1636.93 18.07
1618.86 851.21 146.04
2324.03 1971.45
3.7896% 74.71
(`
a) 20
5.410.005.415.067.063.414.4133%
7.08
(`
2-134.530.004.530.392.272.648.5880%
8.80
Page
has been
s are as
` in lakh)
2013-1
2488.164.
2324.00.0
173.22150.82237.4
3.752483.9
` in lakh)
013-14
660.4637.06
623.410.00
46.56576.84600.12
3.3943%
20.37
` in lakh)
2013-141854.92112.27
1742.640.00
130.621612.021677.33
3.8625%
64.79
e 25 of 44
14
14100300228242
4%96
Order i
Depr
44.
of de
n Petition No. 97
Particulars
Gross normaCumulative rNet loan-opeAddition dueRepayment dNet loan-closAverage loanWeighted av
Interest
reciation
Regulatio
epreciation
“17. (1) Tcost of the (2) The depreciatasset. Provided as providGovernmProvided station foto the peagreemen (3) Land case of hyshall be ethe asset (4) Depreand at ratgeneratin Provided closing afspread ov
7/TT/2012
ative loan repayment upening e to additionalduring the yesing n
verage rate of
on 17 of th
in the follow
The value bae asset adm
salvage vaion shall be
that in caseded in the ent for creatfurther thatr the purposercentage ont at regulate
other than tydro generaexcluded fro.
eciation shaltes specifiedg station an
that, the remfter a periodver the balan
Combine
pto previous y
capital expenar
f interest on lo
e 2009 Tar
wing manne
ase for the mitted by the
alue of the allowed up
e of hydro geagreement
tion of the sit the capital se of compuof sale of eed tariff.
the land heating station m the capita
l be calculad in Appendid transmissi
maining depd of 12 yearsnce useful lif
ed Asset- E,
year
nditure
oan
riff Regulat
er, namely:
purpose of Commission
asset shato maximum
enerating stasigned by
te: cost of the
utation of deelectricity un
ld under leashall not be
al cost while
ted annuallyx-III to theseion system.
preciable vals from date fe of the ass
F, G, H & I2011-12(Pro-rata)
9009.690.00
9009.69856.14
52.929812.909411.29
2.6418%
20.72
tions provid
-
depreciationn.
ll be consim of 90% of t
ations, the sathe develo
e assets of tpreciable vander long-te
ase and thee a depreciabe computing
y based on e regulations
lue as on 31of commerc
sets.
(`
2012-13
9865.82 52.92
9812.90 1279.94 710.52
10382.32 10097.61 2.6418%
266.76
des for com
n shall be th
dered as 1the capital c
alvage valueopers with t
the hydro galue shall coerm power
land for reble asset andepreciable
Straight Lines for the ass
1st March ofcial operation
Page
` in lakh)
2013-14
11145.76763.44
10382.32735.00778.98
10338.3310360.332.6266%
272.34
mputation
he capital
10% and cost of the
e shall be the State
enerating orrespond purchase
servoir in nd its cost e value of
e Method ets of the
f the year n shall be
e 26 of 44
6420833
%
4
Order i
45.
G, H
on 1.
12 ye
based
2009
basis
depre
of yea
46.
n Petition No. 97
(5) In ca1.4.2009 admitted value of th (6) Depreoperationdepreciat
Combine
& I in the i
2.2012, 1.5
ears beyond
d on Straig
Tariff Regu
of capital
eciation for
ar.
Details o
Particulars
Opening Gr
Addition duadditional cClosing GroAverage GrRate of DepDepreciableRemaining Depreciatio
7/TT/2012
se of the eshall be woby the Com
he assets.
eciation sha. In case of ion shall be
ed Assets A
nstant petit
5.2012, 1.4
d 2013-14 a
ght Line Me
ulations. Ac
expenditu
the first yea
of the depre
ross Block
ring 2009-14capital expenoss Block ross Block preciation e Value Depreciable
on
existing projorked out bymmission up
all be charf commerciacharged on
A & B, Asse
tion were p
4.2012 and
and thus de
ethod and
ccordingly,
ure as on
ar has been
eciation wor
4 due to projnditure
e Value
ects, the bay deductingp to 31.3.20
rgeable fromal operation
pro rata bas
et-C, Asset-
put on comm
1.3.2012
epreciation
at rates sp
depreciatio
date of co
n calculated
rked out are
Combined A
jected
alance depr the cumula009 from th
m the first of the assetsis.”
-D and Com
mercial ope
and accord
has been c
pecified in
on has been
ommercial
d on pro ra
e as under:
Asset- A & B2011-12
(Pro-rata)1934.44
404.03
2338.472136.46
5.0741%1884.681884.68
18.07
reciable valuative depreche gross de
year of cot for part of
mbined Ass
eration, res
dingly will c
calculated a
Appendix-
n worked o
operation
ta basis for
-
(`
B 2012-13
2338.47
1216.01
3554.48 2946.48
4.9563% 2613.69 2595.63
146.04
Page
ue as on ciation as epreciable
ommercial the year,
set –E, F,
pectively
complete
annually,
III to the
ut on the
wherein
r the part
` in lakh)
2013-14
3554.48
0.00
3554.483554.48
4.8732%3160.902996.79173.22
e 27 of 44
Order i
Oper
47.
the n
P
O
AaCARDRD
n Petition No. 97
Particulars Opening Gr
Addition ducapital expeClosing GroAverage GrRate of DepDepreciableRemaining Depreciatio
Opening Gr
Addition duadditional cClosing GroAverage GrRate of DepDepreciableRemaining Depreciatio
ration & m
Clause (
norms for o
Particulars
Opening Gro
Addition duriadditional caClosing GrosAverage GroRate of DeprDepreciable Remaining DDepreciation
7/TT/2012
ross Block
ring 2009-14enditure oss Block ross Block preciation e Value Depreciable
on
Particul
ross Block
ring 2009-14capital expenoss Block ross Block preciation e Value Depreciable
on
maintenanc
g) of Regu
peration an
oss Block
ng 2009-14 apital expendss Block oss Block reciation Value
Depreciable Vn
4 due to proj
e Value
Combined ars
4 due to projnditure
e Value
e expense
ulation 19 o
nd maintena
As
due to projediture
Value
Asset-D
jected addit
Asset- E, F20
(Pr1
jected
11411
es
of the 2009
ance expen
sset-C 2(
ected
2
ional
22
5
F, G, H & I 011-12 ro-rata) 2870.98
1223.05
4094.033482.51
4.7103%1008.501008.50
52.92
9 Tariff Reg
nses based
2012-13 (Pro-rata)
664.87
278.65
943.52804.20
5.0271%708.52708.52
37.06
(`
(` in
2012-13 1820.75
829.13
2649.88 2235.32
5.0228% 1988.91 1988.91
112.27
(`
2012-13
14094.03
1828.48
15922.51 15008.27 4.7342% 12379.13 12326.21
710.52
gulations pr
on the type
2013-14
7 94
5
2 940 94
4.932 832 796 4
Page
` in lakh)
n lakh)
2013-142649.88
0.00
2649.882649.88
4.9293%2362.012249.74
130.62
` in lakh)
2013-14
15922.51
1050.00
16972.5116447.514.7362%13674.4512911.01
778.98
rescribes
e of sub-
43.52
0.00
43.52 43.52 352% 33.91 96.85 46.56
e 28 of 44
Order i
statio
insta
48.
O&M
D/T/L
D/CT/L
400( `
220( `
Comb1.2.2schem2.915condSikar1 no.
4 nos
O&M
AsseRatan(DOC2.915condat Sik2 nos
O&M
Asseat Sik
n Petition No. 97
on and line
ant petition a
As per th
M expenses
Element/C twin condL ( ` lakh/ k
C single conL ( ` lakh/ km
0 kV bay lakh/ bay)
0 kV bay lakh/ bay)
bined Asset-012) under sme for Sasa5 km, LILO ouctor , Ratanr (DOCO : 1, 400 kV bay
s., 220 kV ba
M for Asset-A
et-C: LILO ongarh-II at S
CO :1.5.20125 km, 220 kVuctor LILO kar, T/L. s, 220 kV ba
M for Asset-C
et-D: 400/22kar
7/TT/2012
e. Norms pr
are as unde
he existing
for the ass
t 20uctor
kms) 0
ductor ms) 0
5
3
-A & B (DOCsystem stren
an Mundra Uof 220 kV D/ngarh-Sikar-1.2.2012) y
ays
A &B
of 220 kV D/Sikar 2) V D/C singleof Sikar- Ra
ays
C
0 kV, 315 M
rescribed in
er:-
norms of th
sets covere
009-10 20
0.627 0
0.269 0
52.40 5
36.68 3
CO: ngthening
UMPP /C, single -I at
/C Sikar-
e atnagarh-I
MVA, ICT-II
n respect o
he 2009 Tar
ed in the pe
010-11 2
0.663
0.284
55.40
38.78
2011-12 (Pro-rata)
2
3
2011-12
----
----
----
of the eleme
riff Regulat
tition are as
2011-12
0.701
0.301
58.57
41.00
2012
0.15
9.76
27.33
37.24
2012(Pro
ents covere
(`
tions, allow
s under: -
(`
2012-13
0.741
0.318
61.92
43.34
2-13 2
0.93
61.92
173.36
236.21
2-13 o-rata)
2
0.85
79.46
80.31
Page
ed in the
` in lakh)
wable
` in lakh)
2013-14
0.783
0.336
65.46
45.82
2013-14
0.98
65.46
183.28
249.72
2013-14
0.98
91.64
92.62
e 29 of 44
Order i
49.
block
the p
acco
also
The
suita
wage
50.
tariff
may
51.
Jd.VV
(DOC1no.
2 nos
O&M
Asse400 k315 MBus R (DOC48.88cond9 nos
8 nos
O&M
n Petition No. 97
The peti
k had been
petitioner d
ount of pay
considered
petitioner
able revisio
e hike w.e.f
AVVNL,
should be
be allowed
The peti
VNL has s
CO: 1.4.2012 400 kV bay
s. 220 kV ba
M for Asset-D
et-E to I, : CkV D/C JhakMVA ICT-I, Reactor at PCO: 1.3.20185 km, 400 kuctor LILO , s, 400 kV ba
s, 220 kV ba
M for Asset-E
7/TT/2012
itioner has
n arrived on
uring the y
y revision o
d while calc
has subm
n in the n
f 1.1.2007 i
JVVNL, JD
determined
d as per the
itioner in i
submitted th
2) y
ays
D
Combined askri- AbdullapII and 125 M
Panchkula 2)
kV D/C tripleT/L
ays
ays
E to I:
s stated th
n the basis
year 2003-0
of the empl
culating the
itted that
orms for O
s more tha
D.VVNL, P
d on the ba
e 2009 Tarif
ts rejoinde
hat it had f
ssets for ur , LILO,
MVAR
e
hat O&M e
s of normal
04 to 2007-
loyees of p
e O&M cha
it would a
O&M expen
n 50%.
PSPCL and
asis of app
ff Regulatio
er to the r
furnished th
----
----
---- 2011-12 (Pro-rata)
4
2
7
expenditure
ized actual
08. The wa
public secto
arges for ta
pproach th
nditure in c
d BRPL ha
roved cost
ons.
reply of AV
he actual O
2.86
43.93
27.33
74.12
e for 2009-
l O&M exp
age hike of
or undertak
ariff period 2
he Commis
case the im
ave submit
and O&M
VVNL, JVV
O&M cost,
61.92
86.68
148.60
36.22
557.28
346.72
940.22
Page
-14 tariff
enses of
f 50% on
king was
2009-14.
ssion for
mpact of
ted that
charges
VNL and
line and
65.46
91.64
157.10
38.28
589.14
366.56
993.98
e 30 of 44
Order i
bay
witho
of w
cons
52.
2009
empl
not s
requ
with
law.
Inter
53.
capit
n Petition No. 97
details of
out taking in
wage revisi
sidered 50%
The Com
9 Tariff Reg
loyees of P
see any re
irements of
any such a
rest on wo
As per t
tal and the
(i) Recei
As per
receivab
petitione
annual tr
allowed,
transmis
7/TT/2012
transmissio
nto accoun
on with ef
% in the wag
mmission ha
gulations by
PSUs after
ason why
f employee
application
rking capit
the 2009 T
interest the
ivables
Regulation
les will be
r has claim
ransmission
receivable
sion charge
on system
t expected
ffect from
ge hike so
as given ef
y factoring
r extensive
the admiss
e cost. How
, the same
tal
Tariff Regu
ereon are d
n 18 (1) (
e equivale
med the re
n charges c
es have bee
es.
for five y
man powe
January,
as to stipul
ffect to the
50% on a
consultatio
sible amou
wever, in ca
e shall be d
lations, the
iscussed he
(c) (i) of t
nt to two
eceivables
claimed in
en worked
years i.e. 2
er cost impl
2007. The
ate the nor
impact of
account of p
on with sta
nt is inade
ase the pet
dealt with i
e compone
ereunder:-
the 2009
months o
on the bas
the petition
out on the
2003-4 to 2
ications on
e Commiss
rms for 2009
pay revisio
pay revisio
akeholders.
equate to m
titioner app
n accordan
ents of the
Tariff Reg
of fixed co
sis of 2 m
n. In the tar
e basis of 2
Page
2007-08,
account
sion has
9-10.
on in the
n of the
We do
meet the
roaches
nce with
working
gulations,
ost. The
onths of
riff being
2 months
e 31 of 44
Order i
n Petition No. 97
(ii) Maint
Regulatio
maintena
1.4.2009
worked o
(iii) O &
Regulatio
operation
of workin
month of
in the wo
(iv) Rate
SBI Ba
conside
Assets
(i.e.13.
capital
1.4.201
working
7/TT/2012
tenance sp
on 18 (1)
ance spare
9. The valu
out.
M expense
on 18 (1) (
n and main
ng capital.
f the respec
orking capit
e of interes
ase Rate P
ered as the
A & B.
50%) has
for Asset-C
11 (i.e.11.7
g capital for
pares
(c) (ii) of t
s @ 15% p
ue of main
es
(c) (iii) of t
ntenance ex
The petitio
ctive year i
al.
st on work
lus 350 bp
e rate of in
SBI Base
been consi
C and Asse
5%) has be
r Combined
he 2009 T
per annum
ntenance s
the 2009 T
xpenses fo
oner has c
n the petiti
king capita
ps as on 1.4
nterest on w
Rate Plu
idered as t
et-D. SBI B
een consid
d Asset-E, F
Tariff Regul
of the O &
spares has
Tariff Regul
or one mon
claimed O&
on. This ha
l
4.2011 (i.e
working ca
us 350 bp
he rate of
Base Rate P
ered as the
F, G, H & I.
ations prov
& M expens
s according
lations prov
th as a com
&M expens
as been co
.11.75%) h
apital for C
s as on
interest on
Plus 350 bp
e rate of int
.
Page
vides for
ses from
gly been
vides for
mponent
ses for 1
nsidered
has been
ombined
1.4.2012
working
ps as on
terest on
e 32 of 44
Order i
54.
n Petition No. 97
Details o
P
MainteO & M Receiv
Interes
Particu
MainteO & M ReceivTotal Interes
PMainteO & M Receiv
Interes
P
MainteO & M Receiv
Interes
7/TT/2012
of interest o
Particulars
nance spareexpenses
vables Total
st
ulars
nance spareexpenses
vables
st
Particulars nance spareexpenses
vables Total
st
C
Particulars
nance spareexpenses
vables Total
st
n working c
Combined
20(Pr
es
Asset-C201(Pro
es
Asset D
20es
Combined A
20(Pr
es
capital allow
d Asset – A011-12 ro-rata)
33.5218.6286.08
138.212.71
C
2-13 o-rata) 2
13.147.30
32.6753.11
6.57
D 012-13
22.2912.3875.29
109.9714.85
Asset E, F, G011-12 ro-rata)
133.4274.12
425.77633.30
6.20
wed are giv
A & B
2012-13
35.4319.68
105.05160.17
18.82
(` in lakh)
2013-14
13.897.72
36.1457.75
7.80 (` in lakh)
2013-14 23.5713.0984.64
121.3016.38
G, H & I 2012-13
141.0378.35
464.15683.53
80.32
ven hereund
(` in lakh
2013-14
37.420.8
119.0177.2
20.8
(` in lakh
2013-14
149.10 82.83
498.96730.88 85.88
Page
der:-
)
4
46 81 02 29 83
)
0 3 6 8 8
e 33 of 44
Order i
Tran
55.
given
n Petition No. 97
nsmission
The tran
n hereunde
DepreIntereReturIntereO & M
DepInterRetuInterO & Tota
DepreIntereReturIntereO & M
DeprecInterestReturn InterestO & M
7/TT/2012
Charges
nsmission c
er:-
Particula
eciation est on loan n on equity est on workiM expenses
Total
Particul
reciation rest on loan urn on equityrest on workM Expenses
al
Particulaeciation est on loan n on equity est on workinM Expenses
Total
CoParticulars
ciation t on Loan on equity t on workingExpenses
Total
charges al
Combined
ars
ng capital
Asset-ars
y king capital s
Asset-Drs
ng capital
ombined As 2
(P
g capital
llowed for
d Asset-A &
2011-12 (Pro-rata)
18.079.39
18.672.71
37.2486.08
-C
2012-13(Pro-rata)
37.0617.0838.66
6.57
80.31179.68
(
2012-13 112.27
58.80117.23
14.85148.60451.75
sset E, F, G2011-12 Pro-rata)
52.9220.7258.92
6.2074.12
212.88
the transm
(`& B
2012-13
146.0474.71
154.5218.82
236.21630.30
(` in lakh)
) 2013-14
6 46.568 20.376 49.487 7.80
1 92.628 216.83
(` in lakh)
2013-14 130.62
64.79138.97
16.38157.10507.85
, H & I 2012-13
710.52 266.76787.08
80.32940.22
2784.89
mission ass
` in lakh)
2013-14
173.22 83.96
186.41 20.83
249.72 714.13
6780
23
(` in lakh)
2013-14
778.98 272.34 862.56
85.88 993.98
2993.73
Page
sets are
e 34 of 44
Order i
Filin
56.
petiti
praye
Com
to cl
2004
in Pe
fee d
be e
the p
Lice
57.
the c
fee m
has
shou
exist
of lic
in ac
n Petition No. 97
g fee and t
The petit
ion and pu
er for filing
mmission's o
arify that o
4-09 period
etition No.
directly from
ntitled for r
present peti
nce fee
The petit
cost associ
may be allo
submitted t
uld be rejec
ts no separa
cence fee. T
ccordance w
7/TT/2012
the publica
tioner has s
blication ex
fee and pu
order dated
order dated
. In accord
109/2009,
m the bene
reimbursem
ition, direct
tioner has s
ated with l
owed to be
that the pe
cted, as the
ate provisio
The petition
with Regula
ation expe
sought reim
xpenses. B
ublication e
d 11.9.2008
d 11.9.200
dance with
the petition
ficiaries on
ment of the
ly from the
submitted th
icense fees
e recovered
etitioner's re
licence fee
ons in the 2
ner shall be
ation 42 A (
enses
mbursemen
BRPL has s
expenses s
8 in Petition
08 in Petiti
the Commi
ner shall be
n pro-rata b
publication
beneficiarie
hat in O&M
s had not b
d separately
equest for
e is part of
2009 Tariff
e entitled fo
1) (b) of the
nt of fee pa
submitted t
hould be g
n No. 129/2
on No. 12
ission's ord
e entitled t
basis. The p
n expenses
es on pro-r
M norms for
been captu
y from the
reimbursem
the O & M
Regulation
or reimburse
e 2009 Tari
id by it for
that the pe
overned as
2005. We w
29/2005 pe
der dated 1
to recover t
petitioner s
s in connec
rata basis.
tariff block
ured and th
responden
ment for lic
expenses a
s for reimb
ement of lic
iff Regulatio
Page
filing the
etitioner's
s per the
would like
rtains to
1.1.2010
the filing
shall also
ction with
2009-14,
he license
nts. BRPL
cence fee
and there
ursement
cence fee
ons.
e 35 of 44
Order i
Serv
58.
servi
subje
servi
tax
20.7
acco
Shar
59.
be g
(Sha
amen
60.
n Petition No. 97
vice tax
The peti
ice tax on t
ected to su
ice tax from
on transm
.2010. We
ordingly the
ring of tran
The billin
governed by
aring of inte
nded from t
This orde
(M. D
7/TT/2012
tioner has
transmissio
uch service
m the bene
mission, vi
e consider
petitioner's
nsmission
ng, collectio
y the provi
r-state tran
time to time
er disposes
eena Daya Member
made a p
on charges
e tax in fut
eficiaries in
ide notifica
r the pray
s prayer is r
charges
on & disburs
ision of Ce
nsmission c
e.
s of Petition
alan) r
prayer to b
separately
ture. BRPL
future, as
ation No.
yer of the
rejected.
sement of t
entral Elect
harges and
n No. 97/TT
e allowed
y from the
L has objec
CBEC has
11/2010-s
e petitione
the transmi
tricity Regu
d losses) Re
T/2012.
(V.
to bill and
respondent
cted to rec
s exempted
service tax
er pre-matu
ssion charg
ulatory Com
egulations,
S. Verma) Member
Page
recover
ts, if it is
covery of
d service
x dated
ure and
ges shall
mmission
2010 as
e 36 of 44
Order i
C
D1 B G
CD
N A R N A R I
R
2 B G
CD
N A R N A R I
R
3 B G
CDO
N A R N A R I
R
4 IR
G
C
n Petition No. 97
ALCULATIO
Details of LoBond XXX Gross loan oCumulative RDOCO/previNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest
Rep Schedu
Bond XXXIIGross loan oCumulative RDOCO/previNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest
Rep Schedu
Bond XXXIVGross loan oCumulative RDATE OF COOPERATIONNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest
Rep Schedu
BRD V (ExcRate@Rs.50Gross loan oCumulative R
7/TT/2012
ON OF WEI
oan
opening Repayment ous year pening ring the yeaduring the yosing an rest
le
I opening Repayment ous year pening ring the yeaduring the yosing an rest
le
V opening Repayment OMMERCIAN/previous ypening ring the yeaduring the yosing an rest
le
change 0.08) opening Repayment
GHTED AVE
upto
ar ear
upto
ar ear
upto AL year
ar ear
upto
ERAGE RA
2011-12
240.00
0.00
240.000.000.00
240.00240.008.80%21.12
12 annua
105.00
0.00
105.000.000.00
105.00105.008.64%
9.0712 annua
0
55.590.00
55.590.000.00
55.5955.59
8.84%4.91
12 annua2
953.520.00
TE OF INTE
2012-13
240.000.00
240.000.000.00
240.00240.008.80%21.12
al installmen29.9.2013
105.000.00
105.000.000.00
105.00105.008.64%
9.07al installmen08.07.2014
55.590.00
55.590.000.00
55.5955.59
8.84%4.91
al installmen21.10.2014
953.520.00
An
EREST ON L
(` in lakh2013-14
240.00 0.00
240.00 0.00
20.00 220.00 230.00 8.80% 20.24
nts from
105.00
0.00
105.00 0.00 0.00
105.00 105.00 8.64%
9.07 nts from
55.59
0.00
55.59 0.00 0.00
55.59 55.59
8.84% 4.91
nts from
953.52 0.00
Page
nnexure-I
LOAN
h)
e 37 of 44
Order i
DO
N A R N A R I
R
T G
CD
N A R N A R I
n Petition No. 97
DATE OF COOPERATIONNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest
Rep Schedu
Total LoanGross loan oCumulative RDOCO/previNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest
7/TT/2012
OMMERCIAN/previous ypening ring the yeaduring the yosing an rest
le
opening Repayment ous year pening ring the yeaduring the yosing an rest
AL year
ar ear
upto
ar ear
953.520.000.00
953.52953.52
1.7%16.21
49 in1
1354.11
0.00
1354.110.000.00
1354.111354.11
3.7896%51.32
953.520.000.00
953.52953.52
1.7%16.21
stalments fr15.01.2015
1354.11
0.00
1354.110.000.00
1354.111354.11
3.7896%51.32
953.52 0.00 0.00
953.52 953.52
1.7% 16.21
rom
1354.11
0.00
1354.11 0.00
20.00 1334.11 1344.11
3.7524% 50.44
Page
e 38 of 44
Order i
C
D
1 IR
G
CD
N A R N A R I
R
2 B
G
CD
N
A
R N A R I
R
3 B
G
CD
N
A
R N A R I
n Petition No. 97
CALCULAT
Details of LoBRD V (Exc
Rate@Rs.53Gross loan oCumulative RDOCO/previNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest
Rep Schedu
Bond XXXIIGross loan o
Cumulative RDOCO/previ
Net Loan-OpAdditions du
Repayment dNet Loan-CloAverage LoaRate of Internterest
Rep Schedu
Bond XXXIVGross loan o
Cumulative RDOCO/previ
Net Loan-OpAdditions du
Repayment dNet Loan-CloAverage LoaRate of Internterest
7/TT/2012
TION OF WEINTERE
oan change 3.14) opening Repayment ous year pening ring the yeaduring the yosing an rest
le
I opening
Repayment ous year
pening ring the yea
during the yosing an rest
le
V opening
Repayment ous year
pening ring the yea
during the yosing an rest
EIGHTED AVEST ON LOA
20
upto
ar ear
upto
ar
ear
1
upto
ar
ear
A
VERAGE RAAN
012-13 2
371.980.00
371.980.000.00
371.98371.982.08%
7.7449 instalme
15.1.2
20.00
0.00
20.000.00
0.0020.0020.00
8.64%1.73
12 annual infrom 08.0
13.43
0.00
13.430.00
0.0013.4313.43
8.84%1.19
Annexure-II
ATE OF
(` in lakh)013-14
371.980.00
371.980.000.00
371.98371.982.08%
7.74ents from 2015
20.00
0.00
20.000.00
0.0020.0020.00
8.64%1.73
stallments 07.2014
13.43
0.00
13.430.00
0.0013.4313.43
8.84%1.19
Pagee 39 of 44
Order i
R
4 B
G
CD
N
A
R N A R I
R
T G
CD
N A R N A R I
n Petition No. 97
Rep Schedu
Bond XXX Gross loan o
Cumulative RDOCO/previ
Net Loan-OpAdditions du
Repayment dNet Loan-CloAverage LoaRate of Internterest
Rep Schedu
Total LoanGross loan oCumulative RDOCO/previNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest
7/TT/2012
le
opening
Repayment ous year
pening ring the yea
during the yosing an rest
le
opening Repayment ous year pening ring the yeaduring the yosing an rest
1
upto
ar
ear
1
upto
ar ear
3
12 annual infrom 21.1
60.00
0.00
60.000.00
0.0060.0060.00
8.80%5.28
12 annual infrom 29.0
465.41
0.00
465.410.000.00
465.41465.41
3.4233%15.93
stallments 0.2014
60.00
0.00
60.000.00
5.0055.0057.50
8.80%5.06
stallments 09.2013
465.410.00
465.410.005.00
460.41462.91
3.3943%15.71
Page
e 40 of 44
Order i
C
D
1 IR
G
CD
N A R N A R I
R
2 B
G
CD
N
A
R N A R I
R
3 B
G
CD
N
A
R N A R I
n Petition No. 97
CALCULAT
Details of LoBRD V (Exc
Rate@Rs.51Gross loan oCumulative RDOCO/previ
Net Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest
Rep Schedu
Bond XXXIIGross loan o
Cumulative RDOCO/previ
Net Loan-OpAdditions du
Repayment dNet Loan-CloAverage LoaRate of Internterest
Rep Schedu
Bond XXXIVGross loan o
Cumulative RDOCO/previ
Net Loan-OpAdditions du
Repayment dNet Loan-CloAverage LoaRate of Internterest
7/TT/2012
TION OF WEINTERE
oan change 1.63) opening Repayment ous year
pening ring the yeaduring the yosing an rest
le
I opening
Repayment ous year
pening ring the yea
during the yosing an rest
le
V opening
Repayment ous year
pening ring the yea
during the yosing an rest
EIGHTED AVEST ON LOA
20
upto
ar ear
upto
ar
ear
1
upto
ar
ear
A
VERAGE RAAN
012-13 2
927.790.00
927.790.000.00
927.79927.792.08%19.30
49 instalme15.01.2
90.00
0.00
90.000.00
0.0090.0090.00
8.64%7.78
12 annual infrom 8.7
36.73
0.00
36.730.00
0.0036.7336.73
8.84%3.25
Annexure-II
ATE OF
(` in lakh)013-14
927.790.00
927.790.000.00
927.79927.792.08%19.30
ents from 2015
90.00
0.00
90.000.00
0.0090.0090.00
8.64%7.78
stallments 7.2014
36.73
0.00
36.730.00
0.0036.7336.73
8.84%3.25
I
Pagee 41 of 44
Order i
R
4 B
G
CD
N
A
R N A R I
R
T G
CD
N A R N A R I
n Petition No. 97
Rep Schedu
Bond XXX Gross loan o
Cumulative RDOCO/previ
Net Loan-OpAdditions du
Repayment dNet Loan-CloAverage LoaRate of Internterest
Rep Schedu
Total LoanGross loan oCumulative RDOCO/previNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest
7/TT/2012
le
opening
Repayment ous year
pening ring the yea
during the yosing an rest
le
opening Repayment ous year pening ring the yeaduring the yosing an rest
1
upto
ar
ear
1
upto
ar ear
3
12 annual infrom 21.1
220.00
0.00
220.000.00
0.00220.00220.008.80%19.36
12 annual infrom 29.9
1274.52
0.00
1274.520.000.00
1274.521274.52
3.8980%49.68
stallments 0.2014
220.00
0.00
220.000.00
18.33201.67210.838.80%18.55
stallments 9.2013
1274.52
0.00
1274.520.00
18.331256.191265.35
3.8625%48.87
Page
e 42 of 44
Order i
CAL
D1 B
G
CD
N
A
R N A R I
R
2 B
G
CDO
N
A
R N A R I
R
3 B
G
CD
N
A
R N
n Petition No. 97
LCULATION
Details of LoBond XXX Gross loan o
Cumulative RDOCO/previ
Net Loan-OpAdditions du
Repayment dNet Loan-CloAverage LoaRate of Internterest
Rep Schedu
Bond XXXIIGross loan o
Cumulative RDATE OF COOPERATIONNet Loan-OpAdditions du
Repayment dNet Loan-CloAverage LoaRate of Internterest
Rep Schedu
Bond XXXIVGross loan o
Cumulative RDOCO/previ
Net Loan-OpAdditions du
Repayment dNet Loan-Clo
7/TT/2012
N OF WEIGH
oan
opening
Repayment ous year
pening ring the yea
during the yosing an rest
le
I opening
Repayment OMMERCIAN/previous ypening ring the yea
during the yosing an rest
le
V opening
Repayment ous year
pening ring the yea
during the yosing
HTED AVERLOAN
2
upto
ar
ear
upto AL year
ar
ear
upto
ar
ear
RAGE RATE
2011-12 2
460.00
0.00
460.000.00
0.00460.00460.008.80%40.48
12 annua2
163.00
0.00
163.000.00
0.00163.00163.008.64%14.08
12 annua0
133.26
0.00
133.260.00
0.00133.26
An
E OF INTER
2012-13 2
460.00
0.00
460.000.00
0.00460.00460.008.80%40.48
l installment9.09.2013
163.00
0.00
163.000.00
0.00163.00163.008.64%14.08
l installment8.07.2014
133.26
0.00
133.260.00
0.00133.26
nnexure-IV
REST ON
(` in lakh)
2013-14
460.00
0.00
460.00 0.00
38.33 421.67 440.83 8.80% 38.79
ts from
163.00
0.00
163.00 0.00
0.00 163.00 163.00 8.64% 14.08
ts from
133.26
0.00
133.26 0.00
0.00 133.26
Pagee 43 of 44
Order i
A R I
R
4 IR
G
CDO
N A R N A R I
R
T G
CDO
N A R N A R I
n Petition No. 97
Average LoaRate of Internterest
Rep Schedu
BRD V (Exc
Rate@Rs.49Gross loan oCumulative RDATE OF COOPERATIONNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest
Rep Schedu
Total LoanGross loan oCumulative RDATE OF COOPERATIONNet Loan-OpAdditions duRepayment dNet Loan-CloAverage LoaRate of Internterest
7/TT/2012
an rest
le
change 9.62) opening Repayment OMMERCIAN/previous ypening ring the yeaduring the yosing an rest
le
opening Repayment OMMERCIAN/previous ypening ring the yeaduring the yosing an rest
upto AL year
ar ear
upto AL year
ar ear
2
133.268.84%11.78
12 annua2
8253.290.00
8253.290.000.00
8253.298253.29
2.08%171.67
49 instalme
9009.550.00
9009.550.000.00
9009.559009.55
2.6418%238.01
133.268.84%11.78
l installment1.10.2014
8253.290.00
8253.290.000.00
8253.298253.29
2.08%171.67
ents from 15.
9009.550.00
9009.550.000.00
9009.559009.55
2.6418%238.01
133.26 8.84% 11.78
ts from
8253.29 0.00
8253.29 0.00 0.00
8253.29 8253.29
2.08% 171.67
.01.2015
9009.55 0.00
9009.55 0.00
38.33 8971.22 8990.39
2.6286% 236.33
Pagee 44 of 44