' l Kanpur Electricity Supply Company Ltd. Telqram : 'KESCo.' T,ltpllGOe : 0512-2530834.

Fn : ~12- lS3U8J2

Ref.No.\C,1JKESCo/AccttJA.0. (A)/ARR 2016-17

To The Secretary, Utur Pradesh Elactrlctty ~ulatory Commiaalon, 1!'4 Floor. Kla.im Mand I Bhawa n, Vlbhutl Khand, Gomti Nagar, Lucknow.

"KESA HDU.Sf .. 14171 Ci,•il Liau

Post Bo, No. 141

kaa pur 20800 I em1II: dycao.uu1!9mall.com

Dated:- 14·.11.:ZAHS

Sub: Additional SubmfHIOn In Petition No. of 2015 tn UM matter of Det.trmlnation of A"9regatt Revenue Requirement (ARR) and Tariff for FY 2016·17 and True-up of ARR and Revenue for FY 201l·14.

Respected Sir.

Kesco, tlie Pethioner in the above numbered petitfoo had ~led 11$ ARR Petition for FY 2016-17 al011g with the True-up fur 2013-14 before this Hon'ble Commiasiori on 3rf' November 2015. It is pertinent to mention that the bulk supply tariff and wheeling rate i1 traced ~om the Petitions filed by the state owned diatribution ccmpanles namely Oakshinan<.hal Vldyut Vilran Nigam Ltd. (DWNLJ. Madhyanchal Vidyut Vitran Ni9Am Lid. (MWNL). Paschimanehal Vrdyut Vitran Nlgam l.ld. (PVVNL) and Poorvanchal Vidyut Vilrsn Nigam Lid. (PuWNL) {collectively referred to as the 'UPPCL Oiscoms·J and U.P. Power Transmission Corporation Limited. The UPPCL Oiscoms have filed the ARR Petl1ion for FY 2016-17 before thjs Hon'ble Commission on 7'" Oeoember 2015 i.e. after !he submission by Kesco. There is a marginal difference in the bullC supply laiilf (power putd13lle oost) considered by the Kesco in its ARR PeU~on for 2016-17. With a view to align the projections considered by Kesco ror FY 2011>-17 w~h the bulk supply tariff considered by the UPPCL O~coms, the Petitioner is hereby amending ~a ARR Projections for FY 2016·17 and consequential revenue gap estimate5. tt is prayed that this additional submissions may be taken on record and the ARR Petttioil filed on lo"' November 2015 may be amended to t uch extent. Thanking You.

Yours faithfully,

Encl: As above

Ref.No. KESCo/Acctt./A.O. (A)IARR 2016-17

Copy forwarded to: • Managing Director, U.P. Power Corporation Limited. ,'" Floor, Shalcti Bhawan. 14-Ashol< Marg, Lueknow. • Milnaging Director, UP Power Transmission Corporatjon Ltd, 7"' Floor, Shakli Bhawan. 14-Ashok Marg,

Luckno..v.

• Managing Director, Oakshinanehal Vidyut Vitran Nigam ltd. Galirla Road. Agra.

(A.K. 'hli) Chief Engineer (Level-I)

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KANPUR ELECTRICITY SUPPLY COMPANY LIMITED

ADDITIONAL SUBMISSION ANNUAL REVENUE REQUIREMENT FOR FY 2016-17 AND TRUE UP FOR FY 2,013 .. 14

KANPUR ELECTRICTY SUPPLY COMPANY LIMITED •

I

Annual Revenue Requirement Petition of KFSCOfor FY 2016·17 and Trut!-Up for FY 201J·14

1. ARR FOR WHEELING & Rf.TAIL SUPPLY BUSINESS

The Hon'ble Commission has issued Distr ibution Tariff Regulations, which require that the

Distribution licensee shall file Aggregate Revenue Requirement (ARR) complete In all respect

along with requisite fees as prescribed by the Commission. The ARR Petition shall contain details

of estimated expenditure and e,cpected revenue that it may recover in the ensuing financial year

at the prevailing rate of tariff. Further the Distribution Tariff Regulations require that ARR shall

separately indicate Aggregate Revenue Requirement (ARR) for Wheeling & Retail $upply function

embedded in the distribution function. Till such time complete segregation of accounts between

Wheeling arid Retail Supply Business takes place, ARR proposals for Wheelin3 and Retail Supply

Business shall be prepared based on an itl\oution statement to the best judgment of the

distribution licensee. The Hon'ble Commission in Distribution Tariff Regulations has broadly

classified cost incurred by the licensee as controllable & uncontrollable costs. Uncontrollable cost

include fuel cost, increase in cost due to changes in interest rate, increase of cost due to ioHation,

taxes & cess, variation of power purchase unit costs etc. The FY 2007-08 Tariff Order is the first

Order issued by the Hon'ble Commission in accordance with the Distributloo Tariff Reglliations; in

this Tariff Order, the Hon'ble Commission used allocation methodology for seQregation of

Wheeling & Retail Supply business function of AIIR. The Petitioner has adopted the same

methodology for deriving wheeUng charges, as the complete segregation of accounts between

Wheeling and Retail Supply business has not yet been completed.

COMPONENTS OF ANNUAL REVENUE REQUIREMENT

Oistrlbution Tariff Regulations prescribe that annual expenditure of a distributlon Ucensee

comprises of the following components:

a. Power Purchase Cost

b. Transmission Charge ,. Operation & Maintenance Expense !Employee Costs A&G Expense~ & R&M Expenses}

d. Depreciation

e. Interest & Financing Costs

f. Bad and Doubtful Debts

g. Returr1 on Equity

h. Taxes on Income

i. Other expense

j. Contribution to Contingency Reserve

The Petitioner in the current petition is fWng the ARR for FY 2016-17 for the kind approval by the

Hon'ble Commission. In estimating the ARR. the main objective of the Petitioner is to reduce or at

least contain the expenses to the extent possible thereby reducing the cost burden on the

consumers. The Hon'ble Commission issued the true up order for FY 2012· 13 and ARR & Tariff

order for FV 2015· 16 on 18'h June, 2015 in which it adopted a oormative approach towards capital

~ ·•.····, .· . .,~·.···· -· ··.· r~ ,

I

Annval flevenve Requlrementl'etirion of KESCO for FY 2016·l7 ond Tl'lJe-Vp for FY 20l3-J4

Investment and other aspects. The current ARR Petition Is being filed by the Petitioner in strict

compliance with the Distribution Tariff Regulations and in line with the philosophies establi shed

by the Hon'ble Commission in its previous true-up and ARR orders.

The Petitioner is making concerted efforts to improve the quality of supply and customer service

level. The Peti tioner has made elaborate plan for capital investment. In spite of the Petitioner's

effort to control expenses the total Revenue Requirement has risen mainly due to uncontrollable

factor sudt as power purch;,se cost. The Petitioner would like to highlight that all the revenue

reati1ed has been utilized in ma kine power purchase cost.

The detailed analysis & estimate of all the elements of ARR for FY 2016·17 have been presented in

the subsequent sections with appropriate explanations. The cost elemellts of ARR ha\le been

estimated based on the pro\lisional un-audited accounts of FY 2014-15 and e><penses available till

date for the FY 2015·16.

The Distribution Tariff Regulations suggest for formulation of an escalation index linked with

appropriate Indices/rates like Consumer Price Index (CPI) and Wholesale Price lnde>< (WPI) as

notified by Central Government ror di fferent years. As per the Distribution Tariff Regulations for

determination of Operation & Maintenance expenses (which comprises of employee cost,

administrative and general (A&G) expenses and repair and maintenance (R&M} expenses) for the

year$ under consideration, the O&M e><penses of the base year shall be escalated at inflation rates

notified by the Central Go\lernment for different years. Tile Inflation rate for above purpose shall

be the weighted average of Wholesale Price Index and Consumer Price Index in the ratio of 60:40.

Therefore ii Is imperative to first calculate an Escalation index based on the guideUnl!!> provided In

the Oistribvtion Tariff Regulations.

1.1 POWER PURCHASe' COSTS

The rationale for projecting the power purchase units and expenses for FY 2016· 17 have been

e•plained below:· • The power purchase units ,1re projected based on estimated T&D losses or 22.00% in FY

2016·17.

• KESCO is a 100% subsidiary of UPPCL and sources all its power purchases from UPPCl

(through Dakshinanchal Vidyut Vitran Nigam Limited)

• The power purchase rates (bufk supply rate) for FY 2016·17 has been considered at Rs.

4 .44 per kWh In FY 2016-17.

• The energy input at discom end has been considered at 4,203.02 MU for F'f 2016·17.

• Thus considering the aforementioned rates and power purchase input, the power

purchase cost of KESCO has been considered at Rs. 1,866.26 crore In FY 2016·17.

Power Purchase Cost of KESCO is summarized In table below for FY 2016·17

•

Mnual R~m,e Rt>quirem~nt Petition of KESCO for FY W 16·ll ond True-Up for FY 2013-14

Table 1·1: Projected Power Purchaw Carts for the Tariff Period ·-·· - -- • - + ·-· -- - -, - · - · - - · , - -· •• • - • -

i Energy Sates ,::iculars____ · · ··-! ... Ot~lln ~,~:.~!6 ~--~'~~6~:7

j_ -~ irib~ti_~i U>~_~j~J .... -= --~·- ... : _ .!.. .. ; .. - . 23:~()% ·--~ ; - i2~00% t..Eistribution Loss (MU) ! C = A/(1-B)·A 850.59 · 924.66

'Power Purchase Required (MU) I D=A+C I 3,619.54 ! 4,203.02 ·1 J s~"ik P.i.~r:.i~~~~~-;~~it~_111;1it~~1 ·_· _··-~-~--_(· . __ ; . 4-E:· ____ :· ··4.44 ... _ . , P~er Purcha_se Cost (R,s_C_rore) ... . .!.. F::OxE/_10 : . 11526.?S · 1,866.26

1.2 TIIANSMISSION CHARGES

The projections of rransmission charges have been traced from the ARR/Tariff Petition flied by

U.P. Power Transmission Corporation Ltd for the FY 2015-16 filed before the Hon'ble Commission.

In such Petition, U.P. Power Transmission Corporation Ltd has projected transmission charge rate

of Rs. 0.19358 per kWh for FY 2016·17. Considering the wheeled energy of 4,203.02 MU, it

translates to Rs. 81.36 crores of transmission charges in FY 2016·17.

Tabl• 1·2: Projected Transmission Charges i'"' - · ·- - ·--- - • - .. -,-· ·· ··- -·- ··- . : Partlculars I FY 2016· 17 · ' . . ... . ·-·-· . '. . . . .. , Energy Procured (MU) A . 4 203 02 I r,:;~s~issio~ Tariff iil~ikWh) .. 1· . .. B. . :· --~:19~6 ·-·· - ..... ··- - ·· ·- --···-··· -- ··- -·· -· - ... .. -·-· ·-·· L~ra~_!.m~!ion_CostJ~s ~!~•eJ_ __: _C=AxB/10 . 81.36

1,3 OPERATION I, MAINTENANCE EXPENSES

Operation & Maintenance expenses comprise of Employee costs, Administrative & General

(A&G) E,cpenses and Repair & Maintenance (R&M) expenses. The Regulation 4.3 of the

Distribution Tariff Regulations issued by the Hon'ble Commission stipulates:

"l· The O&M ex~nses comprl$e of employee cost, repoirs & mointenonce (R&M) cost ond

administrative & general (A&G) cost. The O&M expenses for rhe base yeor shall be calrulated on

the basis of historical/audited costs and pc;st trend during the preceding five years. However, any

abnormal variation during the preceding five years shall be excluded. For determination of the

O&M expenses of rhe year under consideration, the O & M e11penses of the base year shall be

escaluted at infl11ticn rotes notified by the Central Government for different years. The Inflation

rote for above purpose shall be the weighted average of Wholesale Price Index ond Coosumer

Price Index in rhe ratio of 60:40. Base year, for these regulotions means, the first year of tariff

determination under these regvlarions

. . . ~

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' Annuol Reve11U1• llequimnent PeUtlon of KtSCO for FY 1026·11 and True-Up for FY 2013·14

3· Incremental O&M expenses for the ensuing financiQ/ year shall be 2.5% of capital addition

dVtlng the current yeor. O&M charges for the ensuing financial yeQr shall be sum of incremental

O&M expenses so worked out ond O&M charges of current year escalated on the basis of predetermined Indices as indicated in regulQtian 4.3 (1) .. H

The Hon'ble Commission In its previous true-up orders had determined the o&M expenses for

the base year and subsequently in the order dated 18'' June 2015 in the matter of

determination of ARR and Tariff for FY 2015·16, had allowed the O&M expenses strictly in line

with the Distribution Tariff Regulations. considering escalation indices and O&M expenses on

new ass11ts. The pay revision expenses were considered separately and the base employee

expenses were increased to account for the Increase due to wage revision.

1.3.1 O&M EXPENSES ON ADDITION TO ASSETS OUIUNG TllE YEAR

In addition to the Employee e•penses, ll&G e•penses and R&M expenses described in the

succeeding section, the Distribution Tariff Regulations provide for incremental O&M e>rpenses on

addition to Gross Fixed Assets (GFA) during the year. Distribution Tariff Regulations stipulates that

"lnc,.mental O&M exp11nses for the ensuing financial year shall be 2. 5% of capital addition during

the current year. O&M expenses for the t!nsulng financial '(ear shol/ be sum of Incremental O&M

expenses so worked ovt and o&M expenses of current year escalated on the basis of

predetermined indices os indicated in regulation 4.3 (1}. •

Consideri ng the above tht! incremental O&M has been worl<ed out In foHowing table. The same

are allocated across the indlVidual elements of the O&M on the basis of contribution of each

element In the gross O&M expenses el(cluding the incremental O&M expenses.

Table 1·3: Allocation of lnc~ment•I o&M expenses for FY 2016-17 {Rs C,ore)

I lnc:nirnetttal O&M Expenses • 2.5" of qph1!1 l FY 2015·16 . .. additions durl"!. the (n·11tfl year . - · .. . _ .. - ·· ·- . L.CaP!~lired As,ets in {n-l)t~ v.ea.r 20.10

[ .l"E.'!L"el:!~'!!_O~~-E~P.e_~s -···· .... . I ~~ :. ____ (al_Emplot~e.co~.t~ . __ ·- !-- · . ~ .. 26_

'L· .. (b) ~~§ ~~nses - ··· . . .. 0.13

__ lc)_R&M Expenses·· - ·· ·· -··- _1 0.11

1.4 o&M EXPENSES fOR FY 2016·17

__ .l

I .....

FY 2016-17

11 1.17

3.30 ·-· ··-·

1.68

0.87

0.75

The Petitioner has computed the allowable O&M expenses up to FY £013-14 In the foregoing

sections. The allowable O&M expenses for FY 2016-17 have been claimed by escalating the

component w ise O&M expenses for FY 2013· 14 by using the yearly Inflation indices approve~ by

<y¥{,~ - ;;;---»" ~ rr;, ;\·-~ ~ltt-~

5

,,.. . 1• ~ ·I l ("'11 "' . . ~" •. . ·. · ·~ -~. ,:--, , •• - ' :l '

I

Annual Revenue ll~uirement Pdltion of KESCO for FY 20J6·17 and Tru1 -Up for FY 2013·14

the Hon'ble Commission up to FY 2015-16 in Its Tariff Order dated 181" June 2015 and at the rate

of 0.92%% for FY 2016·17 as computed In Section titled 'Escalation/ Inflation Index' above.

Thus, the allowable O&M expenses for FY 2016·17 are depicted in the table below:

Table 1-4: Allowable O&M Expenses for FY 2016-17 (Rs crore)

,- ·- - .... . - ·- ·-··- · ·- - ·-· ·· ··-,--·- --· .. T. - · - · · -·, I Particulars ..... . .... --·· ..•.. _ .. .. --· ·-FY~+-~- L ""'..2.015-~6 .. : · Employee EKpenses 1---· ·-· . . . .... .. - - · . . .

Gros.s Employee Costs and Provisions · 99.42 116.02 l·Tocrementai Empioyee Expenses @2.5% of GFA · 1· - . l a~itioM_of preced_!!!8_year. ·- · . ·-·· _ .. ·-· ·- ·- - -+ . . O.=~ ~ross Empl11yee Ellpenses ... .. - -·· ! 99.~ .. . j 116.28

~~i:i:,_e!~ve~.~-xpe_ns_e_s c~p!ta!~ed . . _ 1 . .. 91_8.4.00_1 _

1_ 17.44

~ Net -~~!~ee.~KPl!!'_!eS ... . . . ,_.. . ..... . ·-· ··- · 91,84

f-.u.cs i~pe11ses . . . . - . .. . ... ·- . -

I : :~t !~;:~e~ :E~pens~ @.;:~-~;~FA~·:·;.=··. ~fs~~ -~-r \.-additions of_prece<lin.8. year_ · , ..

I ~~!~ A&~ E~!'ens~ . 42.58 : A&G expenses capitaliied 0.03

µi; tA&G-~~"~ =- ·· .. ·: __ ··-·· . ,- · · --~!-56 --··

~;~;;~~-n~;:E~;~~~i:~:~~:· :·. . • .. ·-·~-:~ . ~--~1.18

I :d~~:~~~; :~:~j:;:~nses @ 2.5% of GfA ··-·. _ -i f°Grogs Repair & Malntenann Expenses : 51.18

\ mi O&~-E•~nse;~lo;;a~~: u ·~~- ..... -·~ :: ~-=--l~·l.74

- f .. .. ~_atlo."~ ... ... · - . ··-·

60.03

0 .11

60.14

9.02

Sl.12

51.71

0 .13

51.114

201.80

FY2016-17 ..... ··-· . -· !

117.09

1.68

lU.77

17.82 ·-·· --100.96

60.58

0.75

61.33

9.20

52.13

52.18

0 .87

53.05

206.14

The Petitioner submits that increase in dearness pay may be highef ttia n the escal ation index

determined as per the "Transmission Tariff Regulations. It is humbly prayed that any variation in

employee expenses due to increase ln dearness p;iy may be considered by the Hon'ble Commission at

the time of true-up for the relevant year based on specific submissions by the Petitioner in this regard.

Further, the draft report of the 7'" Pay Commission has been tabled before the central Government. The

Pay Commission recommendinions with some modifications are adopted at tile State level. "The

Petitioner being a government company would have to pass on such pay revision which is due with

effect from 1.1.2016. The Petitioner seeks liberty to suitably approach the Hon'ble Commission for

revision of the O&M e1tpenses upon finalisation of the pay revision of the employees. ~

,,41~~ • • . 1 ~, :· ~ ;11~ .. , ·' . . .¥.<:'·'

.. ('!<'P. ~!1·;,t ,:,:· 1 ' ... ~

' ': ·.I . \ . !'-

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Annual Revenue Requirtmt nt !dtlon of l<ESCO f6r FY ZOlf;.J 7 and True-Up for FY 20J3·J4

1.S CAPITAL E)(PENDIYURE, CAPITAL FORMATION ASSUMPTION ANO GROSS FIXED ASSET (GFA) BALANCES.

The details of the propo~ capital Investment for fY 201~·16 are provided in the table below;

Table 1-S: Qpltitl Investment Pli•n for FY 2.015-16 (Rs Crore)

,-··-. Description-·- -·-- 1-·:-F= -~~ ~=:~T(::ltu:; ·.·: ---=--- ·i

J · Loans I Intern.ii ! w=. I Total ' I : Aaruals I

·· - - . .. -· - -·· . - ·- · - ·· - ·--··- --4 ....... --· j capacity Enhancement/Construction of · 33/11 kV Sub-stations

j. Repla~e111e.nt of Dama.,!~ 3-~~IJ Bre11kers, Replacement of Damaged llkV

J lncoming/Outgolng/Sus·Couplers with Breakers

I Installation of 250 KVA and 400 KVA , transformers

Rapacity enlla;;~~~;·~f di~trtb~ti~n - ·

I tra~~?m,e!~_fro~-~SOKV."_to ~~-~:'A --· Installation of l\erial Bunc-h Conductor ··- · ·--- . - . ........ . .... ' , ...... . [R::::~:::~: ~; ~:: ~:~:uctors ·- . ..

: Replacement of 33kV Une

lw~.~~~ :~ ;; .. ~ ~~:;:~~~ne . ..

, 2 Nos 0.28 I ··--·s Nos ··+-. 0.09

10 Nos 0.12

13 · 400 KVA; 64 •

' 0.94

.. ,. 2~0 .. J<YA. L

34 Nos I 0.31

.~.29 0.29

. 2~0 -~m~ .... . . l~~f!IS _ _j ....... ~ ··- ·

o.:u -·- -I ___ 770 Nos_ .....

U .45 kms ' 1.53 4 kms ' 0.29 --. __ . .., .. ··- . ·-· lOKms 2.64

17 kms 0.47

0.12

0.04

0.05

0.40

0 .13 .. 1.84 0.13 0.13 ··-··· 0.66

0.13

- .

··-· ··-·· 1.13

0.20

0.00

0.00

0.00

0.00

0 .00

0 .00 0.00

0.00

0.00

o.oo 0.00

0.00

- i

0.40

0.12

0 .18

1.34

0.45

6.13 0.42

0.44 2.18 . . . 0.42

3.77

0.68 : Construction of 11 kV Overhead line r-liepla~~iiient oi 11i<v cabiesiunderground ; cables

... . ., 27.S Kms 1.24

-- · ... --~l;~~f:::.•.:d .Fenc'.n'--~-orks -~~ ... . 140 Nos '---~-30

l Guarding of 33kV and llkV S/S . 20 Kills_ , Replacement & Installation of Meters . 42000 Nos , ··- - ··--·· ···-· ....... -. .. . ··-- ........ ···--·· . ~

0.11

l .50

0.50 .....

~stallation of 3 phase meters ___ . '.. _35~~ No~+- - · - -··· 1-C!'e~~i~-o.f."'.leters _ ; ~ .. N_~ .l a.so .. ...

0.53

0.13 . .. 0.05

0.64

0.22 0.21

0 .00 ·- .

0.00 ..

0.00

0.00 . ·--- - ., : o.oo ·'-· .. ... .

0

0 ; .. Double Meterhg of Consumers___ • . .. ~ .. ··-- ··· + ••••

.. --- t

~ _}LT~rs.. lO(?ON~. :. :Jb)_~TMete.rs _ . . 171. ~os . .... .

j Pu~~h.~!!!!.'.d l~~.!alla_t~ n ~~-~:P·~-- .. _ . .._. 1500 .!l°.W. ·_!nv_!!.!~e~.t .on the new Onli~e Billin~ Centers ! 5 N~ ... _ ·_

o.so 0.36 .. 0.10

0.10 ···r.

0.21 0

0.1S 0

0.04 0 - ··

0.04 0

., : ' .

1.77

0.43

0.15

2.15 - ·· - ' 0.72 -- . 0.72

0.72 0.52 ..

7 1 ~ :-.,·:;· .-:

, ...... ;';' l \

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Annual llewmu.: lltqui~m · Pl,of KESCO /of FY 2016 ·l7 and Trut·Up for FY 2013·14

···- -.. ..,...-· . ... _ .. -···· . .. .. ·- · 1. ~ Capital Ellpe.ndll:llre

o.scription 1---."'. 1o>.:- 1.-Equity I i Deposit i . - ---J I lo . r i lnte~ I Works Total ,____ ___ -- · -··---- ·- - ._..,.... -,,. ..... --;. ---~:,.._I Accruals ; ___ _\....-.. - .. --~ ~ - in~~-~ an - -· ...... ·- ·· .... ·- .. -.. . ..,_ . ..

1 .... ?..1:_ _I ~9:75 : O . . _1~2.SO

.. UndergroundCableWorks ·- . __ -+--+-- ·-. _50~4!_.\ .3_1.6~_ .. , 0 .... . 72.00 .. . ; i ~Y~~~m_l!n.P-rov!_men_t_ - · .!1.A-+ 0 .82 I 0.35 : .... o_. __ _ 1.l_!I .. .

1-~~~s!!..":'.ork.s.. . .. . • _ -~ .• _ .. .°-.....;._.. .. O 4.44 4.44

. _T_o~I ___ .. ·- --- · ~ _ ..i. 1!9.1j6 !~:':°. ... . 4A4 204,09

I further for FY 2016·17, investments to the \A'lt!'·of Rs. 184.~ crore have been envisaged under

Integrated Power Development seheme POS) of Govt. bt India. The copy of the capital investment scheme to be sent for project aJprals;il the nojtil agency of Govt. of India for its approval is enclosed herewith and mar~ a~ 'Annexure-4\. ,!ldditiol'lally investments through deposit works to the tune of Rs . 20 crore ~e b~n projectediior the ensuing year. Thus, the total capital expenditure has been projected to the tune of Rs. 204l7. crore for FY 2016· 17.

The scope of works under for strengthenlnt of sut>-transml~n and distribution network under

the IPDS scheme include the following:

• •

•

•

•

Creation of new sub stations includlng·GIS aloiig w ith a~ated 66 KV/ 33'1;11/ 11 KV lines .

Augmentation of existing sub•statio~-c1pacity by insta!1'tli>n of higher capacity/ additional power trilnsfonner along with associa~d· equl~ment I S\lllkhgear etc.

Erection of HT lines for re-orientation/ re-alignment l,lcluding augmentation of eMisting lines.

Installa tion of new distribution transformers and a~tatlon of existing distribution

transformers along with associated LT·Un~s.

Installation of capacitors .

• Renovation and Modernliation of existln~sub·Jtations a~ llnes. • Laying of under-ground cables in dt!n5'1V P(lpulated i•reas and areas ot tourism and

religious importance. • High voltage distribution system (HVDSj. • Aerial Bunched Citble for theft prone a·i;I». • IT Appllcations:-

o ERP

o Customer Care Services.

I I 1

I ' The projected capital expenditure is proposed to be funded in !I debt equity mix of70:30 which Is

also In line with the Distribution Tariff R~lions il>nd esta~, hed philosophy of the Hon'ble

~;.~ I ~

~~~ ' ~1·,,. .. ~ - \1 .... . .__-'i ... ',. n

.. .J'1f, I • • ,....*~ I • • •t\~"'; ~' :,·

I

Ann1111/ Revelll,re Requiremtn :it, KESCD f'or FY 20J6·ll and True-Up for Fl' 20JJ·l4 ! •

Thi! assumptions used for projecting GFA a WIP are as follows: , The projected ·capital eMpenditure is propo!e, to be funded in a debt equity mix of 70:30 which is

also in line with the Distrib!.ltion Tariff Reg' ations and established philosophy of the Hon'bre Commission. I;

I The assumptions used for projecting GFA and;~rP,are as follows:

• The opening GFA and CWIP to, FY 20i· 16 trave been taken as per the closing figures from ,, ' provisional annual accounts of FY 20:ta-15 ..

I. . • 40% the opening CWIP and 40% of inwistmtnt made during the year, expenses capitaliied

I & interest capltalited (40% of total ;~nve~mentJ has been ~ssumed to get capitalJzed during the year. I

• Investment through "deposit work "has ·been taken for capital formation. However deprecic1tlon thereon has not been charged to the ARR in line with the policy adopted by Hon'bfe Commission In its last TariffO.rders:

• The capital investment for FY 2015·16 has been pegged at Rs. 204.09 crore out of which works through deposit works have bee.n en\.isaged at Rs. 4.44 crore.

• The Petitioner envisages a capital in~stment of Rs. 204.27 crore In FY 2015·16 out of which works through deposit works have been envisaged at R~. 20.00 crore,

• The capit;,1 investment plan (net of deposit works) has been projected to be funded in the ratio of 70:30 (debt to.equity).

Considering the aforementioned submissions, the qipitar formation and capital work in progress for FY 2015·16 ,md 2016·17 are presented below:

Table 1·6: Capltaliiatlon and WIP of lnvesunent durin,: FY 2015·16 and 2016·17 (Rs Crore)

I 0Pffl~~·P n,;,:::u .· ...... _]¢ L~ '1rivestmenis -··· ···-- · · -· ··· · 1--. -r 204:00 t·· -- .. ·-·· ....... . .... ···-. . .. -- ·-··· l..£11'.f_fll~yee Ex~e11se5.~_apitallsatioli C

~-~~G~ipensesCapitalisation.. ·-· .. _ . ...P- ..... . ,

1

interest Capitalisation on lnterest·on long term £ loans

-~~~;,n:;~tm~~~~-- . ..... ... . r~.B~~D+E : 277.93

~flirred to GFA (Total Cii1pltalisation) ~G=F~40% ' ... "i"i1:i1 ·· . Cl(!$in, !/Jf?.. -·· ..... . L_ H,. ;F·G _ . . . ~66!?.6

17.44 ... ,.. .. 9.02

1.57

Notes:

I .,

-·--·· ··-···

FY201&-17

ARR - . ···-·

166.76 204.27 ..... 17.82.

9.2.0

4.27

402.31

160.92 241.39

I .I

, I , t ·, •

1 . . Annual Revenue l!equi~me . l"etit,lo11 of KESCO far F'l 2016-17 and True-Up for FY 20l3·14

(21 Capitalized expenses are from,. Emp. cost & A&G cost Tables (3) Transfer from WIP to GFA=40% of beginning WIP + 40% of total Investment,

capitalized Interest, Capit;ilizetl employee cost, capitalized A&G expenses.

Table 1-7: Gl'O$$ Fixed Nsets for FY 2015·16 & FY 2016-17

----·---- ---------- ·--.... ~--,.---,----:r,,.,.-,-,."(AII figures in Rs Crore)

Ill!! l . 1..4~ l "::17

-( Opening GFA A 636.11 747 .29 ! AdditionaltoGFA.duri~glheyear' ·- - -;-· ~ - 111.17 160.92

~~iiicc;;~---·· .... --~-- --:~-- -~-f~c~"F.+~ -~~~- ____ 1~1-~ . ·--~~:z~

1.6 FINANCING OF THE CAPITAL INVESTMENT

The Petitioner h<1s considered a normative gearing of 70: 30. Considering this approach, 70% of the capital expenditure undertaken in any year has been considered to be financed through loan and

balance 30% has been considered to be financed through equity contributions. The portion of capital expenditure financed through conS\lmer contributfon, c;ipltaJ subsidies and grants has been separated as the depreciation and Interest thereon would not be charged to the ber,eflciarres.

The amounts received as. consumer contributions, capital subsidies and grants are traced from the

provisional accounts for FY 2014-15. Further, the consumer contributions, capita! subsidies and Brants for FY 2015-16 and 2016-17 have been.considered to be in the same ratio to the total Investments, as received by it In FY 2014-15-.

The table below summarizes the amounts considered towards consumer contributio11s, capital grants and subsidies from FY 2014-15 to 2016-17,:

Table 1-8: Consumer Contribution, Capital ~rants & Subsldle5 up to 2016-17 (Rs Crore)

[__ --···· ---- . --~~I~~ . --~:

'I Openlns Balance of consumer . Contributions, Grants and Subsidies I towards Cost of Capital Assets __ rAdditio_ns dJrinf!_!!l_!!_year .... -·-· ... !_ Less: Amortisation

.Slc>slnc B~!'.'~-~

150.59

ZA>l:1-16 ·---···

164.57

2016-17

154.37

20.00 17.51

156.86

Table 1-9: Financing of the Capital Investment up to FY 2016-17 (Rs Crore)

~ Jnv!~_tment ; Less: .....

,·,.,. i . ' , I i: • . . . '

· 1 :

I

j \\.. ·• I

4nnuat Reveliue Requirement lin q/ Kf5CO for FY 1016-17 ond True-Up for FY 1013-14

'·- · .... ~.· .r!J~I!!! . - · -=::r . ~!.!1'n~Jl..\ --~·u ~-- _ ~15:;•. T 20~&-11 J Consumer Contribution B 18.45 · 4.44 20.00 :·1nvestmeni'iundedbydebt l . .. ... . r .. -- ·- · r, - ,-· · · ··· ·

C=A·B , 21.46 199.65 184.27

~J:t~~~J-;d --· . ·--· \-· . 10%·. . -r- ·-i's.02.. . 1 . 139.76 . ".

!··-· ···-·· ··- - ·-- ......... ..... --···- · ...... ·· .. .. - ... -·- ··-··· .... --~2~.99 . . ; Equ_l!.V.~\l~.~!.d ... . .... .,_ .l_ 30% . .'. _· - ·--~'~--- ..•.. .s~,9C> ss.2s

Thus, thl! Petitioner submits that out of the ~ital Investment of Rs. 204.27 crore in FV 2016-17,

the capital investment throUf!h deposit wor1!$.ij,ould be to the tune of Rs. 20.00 t roll!. Balance Rs.

184.27 crore has been considered to be f~ed ,ttirough debt and equity. Consideri11g a debt

equity ratio of 70:30, Rs. 128.99 crore or 70%1' f tlle capital Investment is proposed to be funded

through debt and balance 30% equivalent to R'1 SS,28 crore throuoh equity. · 1 "

1.7 DEPRECIATION EXPENSE

Regulation 4.9 of the Diltribution T~riff Regulatlo11s provide for the basis of cllarging depreciation.

The relevant excerpt is reproduced below:

N4.9 Depreciation: 1. FCJr the purpases of tariff, deprecitfflon shall be computed in the following manner,

nomely: o. The value base for the purpose of depreciation sho/1 be the historlcol cost as

provided in the Ff>led Assets ~ister, e11cluding consumer contribution or capital

subsidy/grant utllired for copltolizotlon of the assets .. - ... l. Depreclotlon shall be charg,oble from the first yeor of operation. In case of

operation of the asset for port of the year, depredation sho/1 be charged on pro­rata bosis. N

Thus the Distribution Tariff Regulations provide for aUowing -

• full year depreciation on the opening ~laoce of GFA

• pro-rata depreciation on tlle additions made to the GFA balance during the relevant

financial year

For the purpose of computing Ille allowable depredation, the Petitioner has consldertd the GFA

base as per audited accounts for FY 2013-14 and have subsequently added the yearly

capltali1atlons for FY 2014-lS, 2015-16 and 2016-17 considered in the foregoing sections. The

Petitioner h.Js computed the depreciation only on the depreciabre asset base and has excluded

the non-depreciable assets such as land, land rights, etc.

Further, Anne><ure 6 to the Distribution Tariff Regulations provides the depreciation rate to be

charged on each class of asset. Accordingly, tl>e Petitioner has computed

weighted average rate of 7.84%.

I . . I i I

. '

• ·1 ~.

Annual Revenue Req111remeJ Petition of KfSCO for FY 2016-ll and True·Up for FY ZOB·l4

Considering this philosophy, the gross entitleme1 towards depreciation has been computed to be Rs. 64.90 crore in FY 2016-17 as depicted In the ~~le below:

1

Table 1-10: Gross Allowable Depijeclation for FY 2016-17 (Rs Crore)

Partlculars Oosing GfA

I !

1:.~:;~!~~ial ~l~~-ie~·--___ . ·· +-~12.03 ___ '.---·· ... -=··· 14.63 "! , . ·-·-·-· ... _ 2.S9 ... ... . .......... .. , ~-~-0~~-!_8_1:'i!~ing . ______ . .... ..... __ !:~~ i 0.43 ;:_ . _ 2 .40

1-~:~uildin_!!i~ntalng at Sub:stations 22.88 4.93 1~-- 27.81 Plants & Machinery ; I'

~------ ,,_______ ·--- . - ··i-- ... ·-- . . --- - ---- -----.. " . a.Plant & Machinery ____ . ___ J 212 41 _:_ 45.n71

_____ _i 2~8,15 ____ .

.

1

:.-~;:: ~:~::~::t:orks_~tc.. . .. ; 4j:~s : l~~~;s ____ -·--· -----~;9~:o -~.C~mp~t~~-- ...... . .. .. ! __ 8.~3 1,!3_ . ___ 9.76 furniture & Fixtures 1.58 0.34 1.92

1~;:i~~~~~~ . ... . .. 5~f ~9 -~ i~~z---[: ~-- ~ .. :: ~~!1 .

7.84% 7.84%

7.84%

7.84%

7.84% 7.84%

7.84%

7.84%

7.84%

7.84%

7.84%

.L. 1.05

0.17

1.99

S·

18.45

41.39

0.67

0.70 0.14

0.35

64.90

The Petitioner has projected the depreciatk>n on assets created out of co.nsumer contributions,

capital grants and subsidies for FY 2014-15 and. 2015-16 in the same ratio as per provisional accounts of FY 2014·15. The Petitioner has reduced the equivalent depreciation amounting to Rs.

14.64 crore and Rs. 17.51 crore in FY 2015-16 and 2016-17 respectively in respect of depreciation

on a~ts created out of consumer contributions, capital grants and subsidies.

Thus, the allowable depreciation for FY 2016·17 has been depicted in the table below:

Table 1·11: Net Allowable D,epredatlon for FY 2016-17 (Rs Crore)

,----···· ' Partlcular.s ····--·-····· ···--·--·· I Gross Allowable Oeprecl;itlon

I "i:;ss: E~ui;;,en~-a~ou~t ofd~preci~iion on ~~~ts

. acquired out of the Consumer Contribution and : GoUP Subsidy r

l ~et_ A.!!~aii1e_°-eiiec1~tiori . -~-::.I

-···- . . - . . FY 2015·16 . l FYZ016-17

64.90 54.23

14.64 17.51

.. -39.59 47.38

~~~ - / ~12

• '-;'r.::t 'l;~ ffil~ .. \11 •S • • .. . '·.·-~·.. ..... ' ; 'f.:.·· •

• I ·1 . ,

·di •I :I Annual Reve1111e Requirement PJucion /$f KESCO fo~ FY Wl6·17 and True-Up for F'f 2013·14

1,8 INTEREST ON LONG TERM LOANS

It is reiterated that the Petitioner has considered a normative tariff approach with a gearing of

70:30. In this approach, 70% of the capital expenditure undertaken in any year has been

considered to be financed through loan and balance 30% has been considered to be funded

through equity contributions. The portion of capital e~penditure finariced throush consumer

contributions, capital subsidies and grants has been separated as the depreciation and interest thereon has not been charged to the beneficiaries.

Allowable depreciation for the year has bel!n considered as normative loan repayment. The

weighted average rate of Interest of overall long term loan portfolio for FY 2013·14 has been

considered for FV 2015·16 and 2016-17, as It, seems to be fair and equitable. The interest

capitall2ation has been considered at a rate of 23% which ls consistent with the rate considered by the Hon'bte Commission in previous tariff orders •.

The computations for interest on long term loan are depicted below:

Table 1-12: Allowable Interest on lone T11rm loans for FY 2016-17 (Rs Crore)

Partfi;vlars -··· - ·-·1·- . r·-ms-16 ...... 2016-li . ; . ··-. . .. - ., _ _l__:_ _ __ _J : Opening Loan , 2.92 103.08 :

Loan Additions (70% of Investments) 139.76 128.99 I . --·. --··. ----· ··-·-· ----·· -~--· - . ····I . Less: Repayments (Depreciation allowable for

39_59

! 47

_38

1St:t:-... w~~ -~-:-1-:.~ --•- -:r;: I··· ·- • . • . - ·--• . . ~···· ....

: Inter~ on long term loan 6.84 18.56 ··-·--·· ... --· ·---- •. ··---····- .• ...J........ ·-·-·· I Interest Capitalisation Rate __ . _ i. 2!-.~- [ 23.00%

I· t1:;~::::iii::~~ed . ·· · ··· =:]----t;: · ·· 1:: 1.9 FINANCE CHARGES

The Petitioner has projected finance charges towards expenses such as guarantee fees and bank

charges to the tune of Rs. 0.457 crore and Rs. 0.4$1 crore in FY 2015-16 and 2016-17 respectively.

The same have been computed by extrapolating the ,1ctual guarantee fees and bank charges

incurred in FY 2014-lS as per provisional accounts by using the Inflation Index. Further, the

Petitioner humbly prav.s that it may be allowed to claim discount to consumers on actuals during truing up based on audited accounts.

~z ·>"\';'r.=:1 ,nltR ~ ·.ll ... 1,: 1 ::) ... •••

,,= (,....,, ..• ml2] .;•·,, U"'-'1 '" • ; ~ ............. ;,'.

. .. i• ,i)j°~ln' ~· . . "J'

I I

'I

! '

; I ; . '

'' 'i

. I , , , I

':

I

I

I a1 Annual lttvt!nUt! ltequiremenr . tlon af KESCO for Fl' 2016-ll and True-Up for FY 2013-14

1.10 INTEREST ON CONSUMER SECURITY OEP<>Jffl

In umns of the Regulation 4.8(3) of the o· ibution Tariff Regulation, the Licensee has to pay Interest to the consumers at bank rate or m<i· on the consumer security cleposit. Further, section 47{4) of the Electricity Act 2003, states that;:"· e dlstributio11 licensee shall pay interest equivalent to tht! bank rote or more, os may be sper:ifi. • · . y the concerned state Commission, on the security referred to in sulnectlon (l) and refund sucb . r:urity on the request of the person who gove such security•

Accordingly the interest to consumers on e security deposits has been computed on the Opening Balance of the Security Deposits at ~e beginning of the year at the b,mk rate of 8.50% for FY 2015-16 (as per Hon'ble Commission's erder dated 18'" June 2015) and 7.75% for FY 2016· 17 (as per the prevailing rate on the date of filihg the instant petition). However. the same shall be trued up based on audited accounts. The:.· 9Pening balances of security deposits have been considered <i!S per closing figures of provisio~ accounts for FY '.2014· 15 and additions during the year for FY 2015-16 and 2016-17 are estimatetfln line with the projected load growth.

Table 1-13: lnt1u·est on Co!';.imer Security Deposits (Rs Crore)

, ~·=···=~·-=- -~~~(~;~~ -~·~ . JL.. · ~r ~201~5 ·-1.. FY 2015-16 ~P..~.'!!118 .~~nc~_!or S!!curity_l'.eposit ··--. . . .. . 112.86 124.61 , Additions during the year , 11.75 4.87

lci~~lflt.!~l~~~.ro!~U.rltv !)e~sit -·· ···- -· _ ! . .12~.6~ -; 129.48 ~ate of Interest 8.50% 7.75% r·interest Paid I i>avable on Secu;lty Deposits. - ---. 10.09 9.85 .. ___ ..... -·· ····-·- . ·-··· .. ··- ·-· . . -- ··- -···· -·-

1.11 INTEREST ON WORKING CAPITAL

The Distribution Tariff R~gulations provides for normative interest on working Capital based on the methodology outlined in the Regulations. 'The Petitioner is eligible for interest on working capita! worked out on methodology specified "'1ithe Regulations .ts provided below:

i. Operation and Maintenance expenses, wfflch Includes Employee costs, R&M expenses and A&G expenses, for one rnonth;

if. One-twelfth of the sum of the book value elf stores, materials and supplies at the end of each month of current flnancial year;

Iii. Receivables equivalent to 60 days avera~;blUing of consumers less security deposits by the beneficiaries

"

.•·-!' ........ : , .... , . ,,

• l J. · 1·

Annual Revenue Requirtment P~i : b/ KESCO for FY ZOl6-17 and rrue,Up for FY 20l3·14

In accordance with the Distribution Tariff Regulations, the interest on the workine c.1pltal requirement would be the Sank rate as specified bv the Reserve Bank of India as on 1st April of

the relevant year plus a margin as decided by the Hon'ble Commission. The Petitioner for this

Petition has considered till! interest rate on working capital requirement at 12.50% includlng mirgin. The actual rate of interest would be considered based on the audited accounts durin11 the

true-up process for the year in accord;mce the Distribution Tariff Regulations.

The Petitioner has, in accordance with the above mentioned Distribution Tariff Regulations, considered the interest on working capital which is shown in the table below:

Table 1-14: Allowable Interest on Working Capita I (Rs Crore)

,-------------·"· ·-~~ 1 •

Particulars :·~':I .. t=_j __ ~·;;~7- .. i ·-·~---·-··--·--· ·---·· . ·---··· 1 One month's O & M Expenses t·one-tw~lfth of the sum of the.book value of st~~es: . -I materials and supplles at the end of each month of such · financial year

19.02 19.43

l 1.42 1.42

. Receivables equivalent to 60 diJys average billing of : Beneficiaries ! GrossTotai .. _ .. ---~r

307.76

3z11.20·---- i 352.11

372.96

129.48 ~ Secu;::::::t:_e~ne~-'ia-~~-(if_a:y' ___ , __ )·-.. ~~i:-:t I R.a~-~.?.! lnte'!~_for 'N._orkjng Capital , 12.50%

lnte,..ston WorlclngCapital _ ___ j ZS.45

1,12 SUMMARY OF INTEREST ANO FlNANCE CHARGES

-· , 243.48 i .. _12.52%

30.44

The allowable interest and finance charges are thus summarized in the table below:

Table 1·15: Interest and Finance Charges for FY 2016-17 (Rs. Crore)

,-·--· Particullrs

l-----·- --------· ! Interest on Long term Loans r;;:·· ------ ... _ .. ,..... ......... ·-·---. Interest on Wori<ing capital Loans .....__ ••• , ••• - ..... ----· -·- - 4 --· •

Sub Total 25.45

i .... 32.29 • 4 ••••

30.44 49.00

, .. 10.09 ·---.. -- . _ 9:~ ... I o.46 -· •----- ..... ! 0.46

10.55

I I

. I

'. '' 'I

! ' ~ :

: . '.

•

AnmJOi Rew1111e Requirement ~titlo,, of l:ESCO for FY 20l6-l7 ond True-Up f or FY 20J3·14

FY 2016-17 ·--· ·- ·. - - . Part1cula,s - ·· - ·. -- ~ Pf 201s-1& - f I __ _ ____ ···--. __ . . __ ..... .. .. . ~-e~s-~ -~ '!l~!!I.; J~R). _ __ - ' --~ -~ .! ~tal .!_n_!er~~ Fi!'.~nce ~~~e5 ... _ . . - ·· ·· ·-· 42:!I~ ..... ( .. • 59,30 I . ... ·-·· ..... · Less: Ciapitalitation of interest on Long term Loans ; 5.26 1--· _ .. _ ·- ·. ........ ····· ······ ····-· . ·- . - .,. -- ··-· ... . . Interest Capitalization Rate(%) - · .. _ _ _ _ +-· ... 23 .00% .. --! _ __ 23.00%

, Nat Interest S. Finance Charg"!...... ···-· ·-·· ·· . .L. .. _ . 37.$7 ·- ·· 1 • ••• - ~5._~; ..

14.29

-··

1.U PROVISION FOR BAD AND DOUBTFUL DEBTS

Provisions have been made for bad and doubtfvl'.d,ebts at 2% of revenue recelvables ir, line with . . the Regulation 4 .4 or the UPERC (Terms and CoJld!tions for Determinati1m of Ois.tlibut ioo Tariff)

Regulations, 2006 issued on October 6, 20Q6. In tli. last Tariff Order the Hon'ble Commission had

disa llowed the Petitione r's claim for Provision for-tad and Doubtful Debts due to the absence of

any clear-cut policy. It is further submitted that provision for bad & doubtfu l debts are accepted

accounting principle even In sector like Banking whttre the provisioning of un-collectable dues are

considered as a normal commercial practice .

Despite the Hon'ble Commission's views on this cpmponent of ARR, It is humbly prayed that the

ar,nual provisioning towards bad and doubtful de~Js may be allowed to the Petitioner as it Is an

accepted indust ry norm and also recognized by oui~ ~tate Elect ricity Regulatory Commissions.

The amount, if any, written off towards bad d~ Is only adjusted against the accumulated

provisions In the books, irtespective of t he actual amount of bad debts during any particular year. ' Therefore the Petitione r maintains tha t this is a lei,tlmate ARR compone nt . As such the Petitioner

has made provisions for bad debts ror FY 20~16 and 2016-17 in line with ttie provisions

stipulated in the Distribution Tariff Regulations. 1'1!e Provision for Bad and Doubtful Oebn for

2015-16 along with projections for the financial year!2016-17 are summarized in the table below:

Table 1· 16: Provision for B.ld and Doubtful Debts (Rs Crore)

Partlculals .. .. ··--. ····-· · .. \. Rev~ e R.~~ttva_!)_I~ ... ....••.. · l'er~ ntage of Debt allowed

[ P!.~;iin_r~; sa.ci· o~~ts -=-1.14 OTHER INCOME

·- _ ~ LL. N. 2:oas:.~. I 1,926.42 ·· r-- ··--·· ,, ··-" ___ _ 2._o~-

·I-

fY 2()16-17

.J.0.~~:52

1.00% -·-··· ··•·· 20.34

Other income includes non tariff Income such 11s lijerest on laans and advar1ees to employees,

income from fixed rate investment deposits, intere$\ on loans and advances to licensees and other

miscellaneous income from retail sources. Summal"f.. of other income is given below beginning

with figure from provisional estimates of FY 2014-1~ The amount for FY 2015-16 and 2016-17 has ,

been projected to grow at t he rate of inflation index1f0m the actuals of FV 2013-14.

_. .--, ' , , .,.,,.

...... -, . • f. , ..•

•, , . .

I i !

·, i , I . ' I '

1. I' . ' .. I I . :

ii , I

1.

·. . . ~ i, . J

Annual Reven~ /lequi~mer~}~ti/m of KESCO for FY 2016·J 7 ond rrue-Up for F'f 1013-14

Table 1-17: ~er Income (Rs Crore)

--·······--- __ -_-~:.h)o~+is --1- .--·.'! 201s:i~ . · ·· FY:~o.~~.-11 : Pal'tic11~rs 1-·····-----·-: Total I! 7.65 7.32 7.39 ... ·1··-··· . ··-···· ...

1.15 REASONABLE RETURN f RETURN ON EQUf

The Regulation 4.10 of Distribution Tariff R.jeulations 2006 provides for RoE @16% on equity base. The relevant extract of the regulations are as under:

•.

1. Return on equity shall be allowed @J6%, on the equity base determined in occordonce with regulation 4. 7. However, the Commission may reduce/raise the rate of return subject to performance of the distribution.)icensee vis-iJ-vis performance benchmarks set by the Commission.

2. Eq1Jity invested in foreign currency sho/1 be allowed o return up to the prescribed limit in the same currency and the payment on this account shall be mode in Indian Rupees based on the prevailing exchange rate.

3. The premium raised by the distribution licensee while issuing shore capital ond investment of internal resources creoted our dj free reserves. if any, for the funding of the project, shall also be reckoned os paid up capital for the purpose of computing return on equity, provided such share capital, premium.amount and interno/ resouras ore actuc71/y utilized for meeting the cop;tol expenditu;e of the distribtJtion system and forms port of the approved financial package.

4. Return on equity shall be chargeable from the first year of operation. In case of infusion of equity during the year, return on equity shall be charged 011 pro-rota basis.

Under the provisions of the Distribution Tariff Rellulations licensees are permitted a return on equity @ 16% which is worked out as under:-

• For equity base calculation debt equity ratio shall be 70:30.

• Where equity employed Is more than 30%, the amount of equity for the purpose of tariff shall be limited to 30%.

• Equity ;imount more than 30% shall be .considered as loi!n.

• Provided that in case that actual equity employed is less than 30%, actual debt and equity shall be considered for determination of tariff.

The Petitioner humbly submits that the RQE may be allowed to cover subsidization of

departmental employees under lMV·lO dispensation to the extent of 50% .is has been historically i!llowed by the Hon'ble Commission and making good of waived surcharge In case of applicability . ofOTS, if required. ~

~'

.1 ; I I I'

I! ' '' .

•

·M. Annual Revenue Requirement l'ec/tlcin r,f KESCO fer FY 2016-3 7 ond True-up for FY 10l3-l4

1.16 CONTRIBUTION TO CONTINGENCY RESfRVE

The Distribution Tariff Regulations provides for contribution to the contingency reserves upto

0.5% of opening GFA to be Included in the ARR of a distribution licensee. The contingency reserve

so created shall be utili1ed to meet cost of replacement of equipment damaged due to force

maJeure situations. Distribution Tariff Regulations require that such Contingency Reserve shall be Invested in Government securities. However, the use of such reserve is only with the prior

permission of the Hon'ble Commission.

The Petitioner submits that as there is a big reveriue gap between ARR and revenue forecast ,as such this component will only enhance the Gap and create extra burden on the consumers so for the presl!!nt ARR, the Petitioner is not claiming ;my allowance under Reserve for Contingency Reserve.

1.17 APPORTIONMENT OF O&M EXPENSES AND INTEREST & FINANCE CHARGES OF UPPCL

The Hon'ble Commission in the FY 2012·13 tariff order had directed the distribution companies to

consider the apportionment of the O&M expenses of UPPCL and submit the share of each discom.

Accordlngly, the O&M expenses of UPPCL for FY 2014-15 as per provisional accounts have been

considered as base expenses and the same have been escalated In FY 2014-15 and 2015-16 based on the escalation indices for each year.

Considering the above, the same have also been apportioned to all the discoms including the

Petitioner in the power purchase ratio for each relevant year."The share of apportionment of

O&M charges of UPPCL for FY 2015-16 is Rs. 5.89 crore and Rs. 6.06 crore for FY 2016-17.

Accordlngly the same have been considered as part of ARR to be recovered from retail consumers.

It is also pertinent to mention that the UPPCL reSQrts to short term borrowings on behalf of

distribution companies to meet the power purchase liabilities of discoms. It incurs interest

e1<penses on behalf of such working capital loans. Also it incurs expenditure towards LC and OD

charges Incidental to power purchase expenses. It is humbly prayed that the Hon'ble Commission

may consider these expenses and allow UPPCL to claim such expenses from the Petitioner and

other distribution companies through an internal adjustment without any impact on the ARR of the Petitioner.

18

I 11 ! I

I

A1111ua/ Revenue Requiremt>nf ~irlon of KE5CO for FY 20l6-J7 and Tn,e-Up for FY 20H-14

1,18 ARR SUMMARY

The Consolidated Ret;til & Wheeling Business of ARR along with revenue gap for FY 2016-17 at current tariff is summarized In the table below.

T;1ble 1-18: Annual Revenue Requirement for FY 2016-17 (Rs Crore)

1-.. ··------.. ·---·····-- Ji!E,··,. U ,VZ01~11 ·~- FY~t;·· . -. • . • ·.P.ln:tfll,Ulal't ; . ( .. ,.. , .. ~ '[ ARR :

, ••. - ..... •· i: _ t ~ " • Estfmates . ··---·· __ ! _ Power.Purchase Expenses _ . f _ _!.~.~1.94_. i ·- _ 1,526:9?. +·--1!866.26 Allocation of UPPCL O&M upenses .. -1--.

667.9.7&

2 .. +- .

6

5

2

.8.

4

9_

7

. _j_ . _

8

6

1

,0 __

3

6

6

. : . T_t:~nsmissi~n Charges . ---·· . _ .. , Employee Expenses 99.42 r·Repafrand.Maintenance Expenses • . .. st:18· _J.

. ~&<;Jxp~'!~!.S_ ... . ··-· ....... ~.2.58 Gross Interest on Long Term Loans . 265.00 r·-·· :.···

116.28 51.84 60.14 6.84

118.77

' 53.05

61.33

. -·. ·t 18.S6

- i 1-:~::~:: :: ~::::Duty_ ... ··--· --+-· --·-- -+ 9.17 1

_.J .. ···-- -·----0.44

10.09 9.&5 0.46 0.46 . . . -· .

25.45 30.44

I . . ....• ........ . . .. . . . ·- .... .

. ~~n~!'!~e Char~es _ I Interest on Working Capital r 'i:iisoouni io-consumeis ........ · .. . .. ··· ·-. I . ·-·-- . ····-- . - •·.

39.59 47.38 ·-··· --··· ···--· '. !)ep~e~lat!~. _ __ ---· 1_2.:.!_1 ..•....

~::i::;~:.ti;::~oo~b~~!.D.ebts_. __ L_. __ '!:;:}._ , . 38.53 . , : Gross Expenditure Z,093.57 ; 1_,944.53 .. _ 2,313.85.

20.34

' i:ess;·Emp1oyeecapiiaiisauoii"'-·· · · ··· · · -- - i.41 · · ·•- ··· 11 .44 17.sz

1 .. Le~(.~~G~~e~t!1jisatj~!'. -:·_ ~-0.~!_ 9.02 9.20

I. Less; Interest Capitalisation._ -·· ··-·· -t-- .. -~'~6 ........ 14.29 _ Total capltalisatlon . ___ . --·· -,---· .~ . .44 . ··-. 31.73 ,._.41.31 ..

I Net Expenditure ....... .: .. 2!~~!13 ... ~,912,8.0 -~~~~_; Non-tariff Incomes _ ··-- _ ... ?,65 _ _7.3l.

· A_nn~al Re~~ue Re~_u.lreme_n_t_ 2,084.47 l,905,4:8 :._!\ev~~~-~_!r.om.T.~.~iff incl OPS _ l,689.24 1

18~2.23

.. Net Revenue Gap --· .. · ...... 3293S6

.•. !J62_1_.. _l__ ... 3.3.26 • Operational Gap funding from Go UP .... . Balance pp ···- 159.17 33.26

•.. 2,272'.55 7.39

2,2.6_5.16 2,142.03 123.13

1Z3.13

... 4.\ '. ~ .... . . ;,;

19

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Annual Revenue Requirement iet111ot1J1 KESCO for FY2016·17 ond True-Up for FY 2013-14

1.19 RETAIL AND WHEEUNG BUSINESS ARR SUMMARV:

Clause 2.l(ZI & (3) of the Distribution Tariff Regulations provide that ARR/rariff filing by the

Distribution Licensee shall separately indicate Aggregate Revenue Requirement (ARRI for Wheeling funttion and Retail Supply function embedded in the distribution function. Till such time complete segregation of accounts between Wheel&ig and Retail Supply Business takes place, ARR proposals for Wheeling and Retail Supply Businitss shall be prepared based on an allocation

statement to the best judgment of the distribution licensee.

The Petitioner humbly submits that complete segrtgation of account between wheeling and retail supply has still not taken place, therefore the Petitioner has adopted the basis of allocation of the

·, expenses in line with the methodology used by the:J-ton'ble Commission in its last Tariff Order.

Allocations of Consolidated ARR into wheeling & retail ~upply tor FY 2016· 17 have been e~timated into following table:

Table 1-19: Wheeling and Retail Supply-ARR FY 2016-17 (Rs Crore} -·-·· ·- . --·. ··-··· ..... ,... ............ ·--·------ . ... . . ' Partlailan. (fts Crore) Allocation '1, ,\Jl_.t,ol'I FY 201._!t!! •.......•.. 1

·····----- ....... __ Wheellng I ~~ly Wh!~ll~J_~~.IJ .... ; ..... Tota~--- .: Power Purchase Expenses · 0% . j_ 1()()~ _ · i 1,866.26 : 1,866.26

_O)'ransmission Charges 0% i 100% • .. --r- 81:36-·-;-···s°i:36- -; ! Employee Cost 60% 40% ···-1·i:26··· ;- 47 :s1 ' us:11 · · , ........... __ . -· --· ... -···-···· ·-· ..... --· .. --···· -- . .. . ...... .. . ..... _.. . ... !_~8t?. ~_><penses 40% 60%

R&M ExpenS1!S 90% 10%

24.53 36.80 61.33 -! , . ·-· "t

47.75 5.31 53.05 -- ........ -...... .•.... . . • ... . . -· 1 -- .

__ lnteres~ C~arges ........ _ ........ -· _ f' .. 90% . 10% . _ Depreciation _ 90% .. ··· · ·. -10% : Apportionment of O&M Expenses & O% 100% . Interest & Fin,mce Charges of UPPCL · •-··-·--·--·-·--···· ........................ -· -·- ... J

53.37 S.93 59.30 .. . .

.. J. ·-42.64 4,74 47.38

! ·--·- -·· ·-·-···

' 6.06 6.06

i ~ro~_E!!1!1t~l!11~-- . . . . l 239.56 2,053.96 2,293.52

I Expenses capltallzatlon '

f ~:t: --: __ ~ :: r-_::I~:. -___ .. ~ii~:_: ~---j:;f ___ ! -· . ~~~~; I

----· _______ 3!~:~!. -~,· .. !,~_39:~8 ___ j 2,252.21 , Special AP.11ro~riation .. Provision for Sad_ & Doubtful Debts ~.!'rovislon fo! Contingency Res~~,! __

1

1

Tot;,I Net Expenditure with . Provl$IOO Add: Reasonable Return/ Return on 1

0% 0%

90%

100%

100%

10% ,_Equi~---­ ' . ,_ Less:. Non.Tariff Income ; Annual Revenue Requirement '(ARR)_______ ..

0% ; 100%

1 ·····.·· .. __ ._J __ .. ···.

20.34 20.34

212,33 2,060.22 2,272.55

7.39 7.39

U2.33

...

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:; Ii Annual Revenue Requireme,i>erJtlon bf KESCO for FY 2016·17 Qnd True-Up for FV 20J3.Jd

1.20 WHEeUNG CHARGES FROM OPEN ACCESS CONSUMERS

Clause 2.1(2) & (3) of the Distribution Tariff Regulations provide that ARR/Tariff filing by the Distribution Licensee shall separately Indicate Aggregate Revenue Requirement (ARR) for

Wheelin11 function and Retail Supply function embedded in the distribution function. Till such time complete segregation of accounts between Wheeling and Retafl Supply Business takes place ARR

proposals for Wheeling and Retail Supply Business shall be prepared based on an allocation statement to the best judgment of the di$tributlon Ucensee. The wheeling charge has been

computed or, overall consolfdated discom basis keeping in line with the consistent philosophy of the Hon'ble Commission in past Tariff Orders.

Table 1-20: Wheeling Charges for FY 2016-17

! ~ra;s_ ·-- ·--- ·----· ·3_ 1'. _ _J, .. ~.Net Distribution Wheelhi(l Function ARR ... _. , .....

~~ii sal~s by_!?.iscom_ .. ·- ___ ._ .. _ _!__ .. : Wheellng Chal'l!e L·--··. -···- ···---· ··-·-· - - , -·· . .i ..

-··--, ;~~ ... ; 212.33

21

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Annuo/ Revenue Requi~ment Petition of KESCO for FY .ZOJ6·l 7 and Ttue·Up for FY 2013·l4

2. TREATMENT OF REVENUE GAP

The Petitioner would like to humbly submit that the Hon'ble Commission approves tariff which

is uniform throughout the state. As a consequenc;e, the Petitioner cannot apply for tariff

rationalization .tn iU supply area by separately filing for revision of tariff. The Tariff Order for the

FY 2015· 16 was issued on 18"' June 2015 and the revised retail tariff was implemented after due

notifit.itlon. The Petitioner h,1s evaluated a revenue gap of Rs. 123.13 crore in the ensuing year.

Outlined below is the Revenue Gap for the financial year 2016-17 based on current tariff:

Table 2-1: Meeting the Gap for FY 2016·17 (Rs Crore)

r···~- h~,~~ (Rs~}-~·-· ~:--r FY~Ol&-17~-· , , Annual Revenue Requirement

f Le~: Revenue f;~;.;; EKi~ing Tariff·--··

,-R!v.en.~'!-~P f~r FV 2016;,ij' ·

2,265.16

2,142.03

123.13

In addition to the above, the revenue gap as per true up petition filed for FY 2013-14 Is to the

tune of Rs. 104. 79 crore. Thus, the total revenue gap which needs to be recove-red by the

Petitioner from its consumers is to the tune of Rs. 227. 92 crore excluding carrying cost as shown In the table below:

Table 2•2: Total Revenue Gap to be dealt with (Rs Crore)

l~~~_nu~ . .C~~P. as per :rue ~P~:~~~~n for _2013~!~ ·--- .J_ · =~ ·----· , Revenue Gap as per ARR for FY 2016-17 123.13

~·· ·-- ___ _=:-_T~I :~-=:: __ .... -=r ·--~~~'.~-Additionally, the uo-recovered revenue gap towards prior years truing up to the tune of Rs. 717 .29 crore was cipproved by the Hon'ble Commission in the FY 2015· 16 tariff order dated

18" June 2015. The same needs to be recovered by the Petitioner along with carrying cost.

Once the decision on the retail tariff revision is taken by all state distribution companies

together, given the requirement of uniform tariffs across the state, the Petitioner would,

through an additional submission, ratify the applicability of the same rate schedule and would

submit the estimates in respect of revenue at proposed tariffs and l!aP thereafter, if any.

However, it is uriderstood that Biven the significant amount of revenue gap, the whole impact

may be not be able to be passed through a revision In retail tariffs, as it may lead to massive tariff shock, •

~~ 7 22

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-F_DIS'llUBlJTION LlaNSU: KANPUR 6lJ~~

I

cm COMPANY LTD

s ......... ~u I Sheet SI 2 Shci:l S2 3 Si1..e1 SJ

1 She,:1 S" K Sheer SS

I l'toHt & Lo5'! Ac-··-·· llala.nce s~ Cash nuw s1aiemet1t Allnuai R.:vcnue ·- iremenl Jn--·"m about F-and loan

~bl• R<:turn

. $,-.~~~ .. - .· .. ~

Ann•xurc .. l

liner~· g-;;r..,.,..

1-~~·.,..;;~:::::··•~:!,,...L~~~~·~~~~·N~m~·~~rr.::i:.,:o~• ~"""":::::,~un~•;....~~~~~~~~~~~~~~~~moj Flnan<lal formau u ~ht:c, r I f~l) Pro1oct""'1 l"omwnff J I Sh""I F l'a;?) , l'to;c,,;i..! Coosumer 12 Shw F J•e.,, Profccled Consumer 13 S hoci F 2 , Re\'enuc G,a,,ts &.

wn-·s.· r.Ol\n« um!>,.,-., Conncclod

I& TOlill "'C :PY "'14-15 & 1 o>1al Sale :FY 201,-16 & TOIIIJ Sale:FY 2016,17

t 4 Shoe! F3 011!,T incom• 15 Sh..,t f4 Summ·-· of Own Generelion"' Powe, Ourd>lsc

17 Si..:.i •:•0 ln1ta State Transmi&si0t1 •TRANSCOt Chai-· 18 Sh¢<:! I'S K&M"l(x---

20 Shcct F7 .. Adininislration &. General Ex-·es

22 Shoe& I:(} Jnrcrcst & finnn« · - ........ 1:

23 Shc:.,1 t-o. Domestic loans.bon sand financial Jcosin•

25 Shoct I'll 0th.er O.:bics 26 Shoot 1'12 S1*"""1tofSundtv Dtbwrs& nrovi,iun r..- & doubtful debtu" 21 Sha:t Fl l Exuaordim11v Items

29 St,ec1 FU (..\mtrilNJtion GrOllls" S<J1»1dics tow•rds c·-'lal o:ssets 30 Shecc fl? Stalcments of asse1s not in use 31 Sho:t f 18 lnvostmenlS 32 Sheet ""I' 19 · Cum:nl Assas and Liab,liti•• JJ Shec1 Additional l§i: C.oital Jnv.....,mt Phut r..- FY 2015· 16 35 S•-1 T3 · · Revenue l\s,;csmo.:n~Sale, & Throu•• Rate :f'Y mJS-16 16 She..1 'l'4 : R<ffllue Asi;csmen~es & ]brou•• Raio :FY '016-1'

.. "

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-m~·~·~!'. c- : . - : ~·, -. "'waSl

. ,. .,

I I-! ~3-14 =itJJ.lf FY201,C.I• FY lOl"-16 rv=•6-17 S.No l'lrtltlllan I llilltd Tnc-Up ,..,.lsloAAI R••IH<I

ARI! A"""O•UI [Uimatn

~ .. '-t.l,t,;:..•·-£,.,_ ... . , .. · .. ,.._• . ... G.: .;.;_ ·-- • ~#.: .:, .... . ·.,, .... ' . .. ... I RC'\•enuc frotn s.alc n( IKft.l\.".f I !US.24 1.!4S.24 1689.2~ 1872.23 2142 03 2 OlhcrNon•wirfinoome 7.04 7.04 165 7 JZ 7 39 l Rcv(:su,c- subs,dc,,z & aranti 0.00 0.00 0.00 0 00 000 4 RC\.'O'IUC tram. Bulk SJJc:s (o ·rum::nt Power ltd 0.00 0.00 0.00 0.IJO 000 TotalRtttaw~Ol'J•~~ ,-2.u 1$52.21 169~90 1a,,." Zl4U2

Ei~r.t" . .., ... 11'· , .I. It I Puri:~ c,f PoWEr trom uwn i&tUJ S13te ( -,1tin11 Slal:ton:s 1~3.S9 1329.13 IS3 I. C).J 1526 ~s 1866.?6 :? Putehas,;, of Powe, from Otha Suur«s J lnira.Stt1rc ·r01Rsn1ission c:har 74.SS 61.72 67.72 62.41 81 36 4 It., ·rs Md Mruntcnancc 46.16 46.16

~· 18 S 1.84 nos S Emolo\'ec oosL-. 103.,S 10).S8 99.42 116.2H I JK 17 6 Adminiwstiurt md Gencr.11 ex--se S).S~ SJ S9 42 )8 6014 till) 7 Ni:t or -1od c::tedi, thPS9CS ••1.37 14 l.)7 11.S~ O OU 000 8 Olhcf Debit.<. Write-om 1.0, 32.0~ &.6) 33 53 20.34 I) Exlraordi ......... ircms. r-..cd'i; jf,ct)l$\ 0.00 0.00 0.00 0.U() 0.00 tD Reasoniblt JC.tlura 0.00 0.00 0.00 000 0 00 11 Less; ~x-"ses Car 1talt~~ 11.09 11.09 11.44 C26 46 ,2, 02 (:ontin~rrtcv at'!,r\'~ 0.00 o.oo 0.00 0.00 000 C PBDIT 79 «l.!4 •1&1,S6 49.80 124.68

D i.. .. •-Nritlh>I> •JIii Rllatod dtblll 1'7.76 JUO 12.11 l?.59 47.31 E PBrr , . ..-,,..ss •U.JJ •IIJ.67 l&.lO •72.06

t 1r,eaa, & Finan« t'bJIHP(!"~ :!02.44 29.23 274 60 42.83 S9.)0 2 L=: lot<tnt Cooiu1hac<1 0.00 0.0() 0 00 I~ 261 IIU~ F Te>tal lo.tffc:st ••d fia.aa« c•,-- .!0%.44 29.:U 27'-60 37~7 45.01 G TOTAL l!XP.ENDITVRt .lDi.27 16'9.84 208S,17 1906.91 22'6A9

H l'r,,!lt/1- btl'ottT .. .00 ·~.56 1,3&11.17 IJ7.J7 1117.07 I Add: Allooauon ofl•lmst c•-e. lllld O&M orU.Pl'CL D.00 7.22 6% ~.89 6.06 J Add: Bffid~t:Y Gains 000 0.00 0.00 0.00 000 S~btfdl• for 0,_...1 ion:II. L.oss.

;!J6.U6 K ProflVI.Gos b,r .. , TH l11iTUO 1164.79 '157.17 IJJ.U •l?J.IJ

3IAM dfITT 15\(i~ -p;;•: .r•L ~-t)

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-~: ~~":'"•: Kallnu~E_'*<'.~"':~:::;~-- ·.:~ t; •. -·;t •. . . ,.....,_l\lo,-Sl

Porticdlan I PVUIJ.14 FY:!113-14 FY ?014-15 FYlOIM6 FY 2016·17 S.No

Atullttd Tnt,.Up Provlllonal R .. 1.,'11 ARR

' Accounts .Et"-·r.s ,. SOURCES OP ftJNDS !;, I I I I

A Sbarchold,n' FuAd< • Shoin:COEilal b Reserws and Su"' l1.1s B) s-ial ,., ..... ronriadon aUo'4ttd toltardt Prt>ieci Co,t CJ Loaa Fuu~, it) Shon T-crm Borro\vjno~ b , • .nttu Tenn Aonnwinas D Oller suu·tces uffcr11ds a Cal'lital conltihutiun:- ftum consumers b) Cun$1.uncrt" ~,\lrin: ~siits c, Gran.ts & Subsidi('Z &o,\'ards ,Ojt of ca""ilOI

TOTAi, SOllRCl::S OF n::,;os IA+B-+C+Dl

11. APPLICATION Of' FUNDS Al Fi,~ 11, .. u n, Ho•'ble Comllllssloa in the True up Order for •·v 2008-09 lo t\ Gru:ss Block

FY 2011 ·1? d11td Ohl O<tober, ?GI 4 and T nie up order for fY Jess: Accumulated Ol'"tVT', •iatlon

2012-U dated 18th June ZOl5 had adopted~ aormall•~ t•riff b\ Nol Block cl Caoiial Work in Pro•o>ss approach towards capitol slr11e1Ur~. Tbls enl3iled Chat rti,ilatory

less: Aosets "rtillcn offlill d•t• b•la11tos towards equlcy, GFA, a«umulot<d dep~ciation, loans, etc would be dllftreot from llnoncial stattme11t"' Heo<e, Forms

B\ lnvetcmeats (1tt0vid'l dttaib s-eratc"'' S2,SJ •nd F19 ba-ve be«1mc lafr11tuous as th•y would not match wlll! llnaricial statements. Co11siderl11g lbe abovo, lhe Licc11Stt

c• (~1ttuot AJ.SW, l .. oa1111 and Ad~·••ct3 setk.s woivftl from tiling tbe form Nos S2, S3 and Fl9. i ln\•ctorj~ ii Sund"" Oebton; iii' CMh and Bonk lialonoe, ivl IMU!O & Advan<es iiil Olher Current A~ci. Dl In.: Cam:01 Llabllillts ••d uth,r Provisloa., i Ctut'Ct\l LiabjlittCs it Pt0\;isions F.l :-;,1 C•n-.nt As«l<

F) MllceUarafOUI E•pc:ndJ111rc to lht .t"Ct~n, llbt written off' or acliust,d

TOTALlll'PLIC,\TION Of FUNDS

~ .. n ~ ,,.; -r:::i-: ,; t$<:I~- '. I

· r- ··_11

~~:~~'.~;Et 1, (."ora-11v Ltd. ··~:·:,• :"-.: .. ·-·Noi:S3

' ·yy10U-l4 FY 1014-15 FY 201S-16 FY ?01'i-l1

Parti&skn ' Provuioiw RevlfN S.No ' ..

.Aedlkd AKR ' !' _.C'CO ....... E~raatff

A Ntl FiinOt rrom Ollcr•tktAJ: :1 i NOi (loss)/ profit bcto« (OJ( but all<r .x«1ptionell flilrll ' or<linlU'V itemi

;

I Ad•vst(DrtHt ror ~ 1 -rcct•tion and amurtizauoo lntat;t;£ CX"""'"- ' 11\COR\C' fro,m )n\'CS€fflnfflli

Pru.fit) l l,e:,SS on fi)(Cd AS~ sold Mimll3'k.'Ous tl(l'll'!l'u'iturc.s \vrillefl ot'f Pcftrred r,cvenue cx........,d.itvre writt.m off Dcbisladvllt\(a \\Titted off

Pro,ision for b.ld and Jout>tlul debt, LtabihCY nu lon1cr --·uit~ wrift(II bM).

.,,ovision for Grstuini and 1..c~ EnccQunent '

E~ .. -aicnaV C'XtnwrdinU\' )tm)S E>.TM>RSC:So' (t~ l Dimunttion ii, value of i11V'5tmcnlS: ;'Ii"

Orvraih12 nrfltill btfort work!n~ ca ... :1a1 chaJl!J 'HI I

Adivttmtnl far chan9ts ia. ~·orkllia (an.;u.1 1111

(ln"'-"ISC)I ~ in $Wt.,-. debt~ Unc~AK)I dei:rusc in otha- rccic:~Wblcs (lnc11?~c)I ~',:rcase 1n mv.enturics 1.11.a'CMC /(dccrcssc l in 1n trude and 01hcr ....... .,alll

Cuh &tntf&ltd rrbr.11 ooerations

Ta:ttS (-idJ/ rttd\'td (lltl ofT1>S) The Hon'bk Commission i11 the True up Order for

Set t•ah froni o_.rati112 utR'llits FY 2008-09 to FY 2011-12 dated Oht October, 2014 and FY 2012·13 dated 18thJune2015 had adopted a

B Cut flow rrum i11,·c1-U- activltltt normative tariff approach towards capital struc1ure. ~h~ or fixed as:sc~: This entailed cbat regulatory balance, towards

Addit,uns di.nine tM --1od c;: i,ai wutk an -o"rc:ss: . equity, GFA, accumulo.ted dep~ci&llon, loans, etc

A.ddilions dunn~ lhe -.-;od would be differ..:11t from financlal .tratc:mcnts. Hence,

Proceeds rrom s•I• of fixal ....S. ' Forlll5 S2, S3 and Fl!> ha,•e be<:omc infr11tuous as

Proc~ fr{)nt sak qf 1nvc:.unffllS they would oot match witlt (inancial slalemenlS. fwi.;h.a.w of ~nvt.!stmaui Considering the abovt, the Lice11~t seeks waival IOlel"C$\ n:a:i't\.'.d (l'C\'CBUC~ from tiling th.e Form Nos Sl, S3 aod Fl 9.

l"ct titlll llltd iD jr,vc»siq atti¥illa . ,

C Calll Row frum litttnduo actlvitirs

f(l)t.U'dsltR<"lla1,mcnU.} uf l(lnu tcnn bmTOWI"' a.1...i1

Enui1Y fr0tn Go UP ~ Proc.c:eds n-om roMUITl(n cMuibotion and Go .

suMidv CapllaJ ~os,&ribLllk,n from 1:cmJUtncn. Md Go1 .. ~ $i1,l,sid\· d,min1sb~

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-~·~~~:•r~v~~;aa;~'~:; f'orai-No: S3

: l"Y %0.1.J-)4 FYlOH-15 Fl' 2015-16 l"Y l016-17 S.No P•rtictlan ' hemlo1Jal Revls.d '. A,,4ifod "•-•ts E.tunaw ARR

COJ\S\lmet se<:uri\\' dftlosi\l R....,,sVffl,..,\ of bottuwini?:

ln<me" oaid •• borro,.;ng lntt!ti.!n oa\lfflenl etdiuitmau Rcst~ring ~,ve- rcl!Uing lO transftr scham<: 2000,200) M111C1'iaJ ~, vmi.&J1cc e,dil,l,S~ts 1\djusutte1U rtlaJing to U(tmm,chal PO\\'CT C'orpo,~t,-t.imitcd

I ~ti caik •~ii:trated from fittancit1tt a.ctivlrte, ::

" Xtl •ncrca,e J CdtcreaH) in teMI or ctah tqu,.·1 "'If (11.+B+CI ,,

I' Cs'$b/ Cash cquivalrol., ,t tftc- bqiaioia:g or ni t·tar I

: C•~J (.'•tb tDl,d\ltilf'Qli,1 &t l~t ~Dd ortht yt1

I I I

I I - ..... I .. I

" '~~~· '.i11

I~ '<'\"I~-,;;!q\ .}1, 1\ 7;~ .. rt .. ~ ... ~· ,1. -

L I ' I I I ' '

..

!l ii " II

1~,Mll>ll>•t1 .. u....,.., ~".·~·•·.!• .. ~-::~ s.No P~lars

(ifitl-H

A!l.tlltd

fpwfr P11rth•• or 2Dtr•u Av•ilabfe IMt'!\ 3,SS4.J~ Salt of P6wtr 'Mli• 2.4SS.09 l.Asts ~4 l0.84%

I lltcrlnt& R""'nw: f1<1m larilTs & Mi=ll. Ch'lfl<5 (ilJcl bulk sales lO

• TPL> I S4S.24 ~ Subs.id" rrum Ciult1. . • Torrent ---~'Ct led

Total 1.545.1,

2 E,i-uditurt

• Puroll&s< or Pow« 1.661.S~ b Purch.as,c of Power fr,um 0th« Sout(:fll

• Jnu-a•Swe- 'frt.nsmis.sion Ch·~-- 74.SS d R&.l\i f!l:-st 46.16 • E ...... ,o.-.u Exncnscs IOJ.S8

' A&GEx-"se SJ.59 • ,auon 17.76 b Interest & Fina:n"' Cha,ae:; 302.44 i I.cit; Jnh:rcst & uthc:r ,xn~ ,afliWtec:d 1.09

' 0th<, Pcbic. lincl. Prov fo, BAil clcl>Ul 7.05 k E.1ctroordin°"'· ltcr-·O'l'S., . I Othtc • Mis:(;. ,-nct-;:;j'1f -.......:od acdit . 41.37 .

Total 2-2%6.27

""i' Rta.aon1blt RcRrn . Jlij\ ('.onUnr.cntv Racrvc·

' Son iariff intotllc 7.(J.I

s Aoa••l Rcvtnu" R-uircmcn1 l2Uo.1.J• 14\ 2.219.:14

6 Su--'otJ+I/ShortftJll-1: ifus1 btrotf t:ii:tiff' rnJsion

'674.00

' Add; hll0<atiun ofln1m:,1 Clu!,= and O&.M ofUl'PC:l 8 F.ffick:ncv Gllins 0.00

9 S•r"'luJ+\ / s•or1ra111.\ ~p5, '674.00 before tariff tttrbioa

10 Tariff Rt,·islon Jm-1fl Subsi,ho for , ec1uioncl lfiS

II Su ..... 1p1l+l / Shc.,ar,~: l6) .. 1T1 Iller ••rUT rtvlsf0:a

'674.0I)

•

. ;,;;;· r• ·'!.

FY 101).14 FYlOH-15

'fruo-Vp Pm,ldoal .. ---·-~ts

J ,,4.39 ).4'111.81 2.4$8.09 2.SII 7$

10.84% 26.04%

I S4'2A 1689.24 -

1.scs.u 1.689.M

1.329.13 I ~) 1.94

61.72 67.72 ~6.16 SI 18

103.SS 9942 l>.S~ 42.SS 36.80 12 II 29.2) 274.r.o

I ll'I l.44 J?.09 ' 8.63 . 41.37 .. U6

1,649.14 l.08S,17

' - -7.04 7 6~

, . .iuo 2.071.~I

lf'I.~ 1318,11

7.22 6.96 0.00 0.00

uu:,, . 1J95.%l

. ' 236.0561

1104.79 • '1~9.11 . ,

.. '.

""' J.1115-16 Rtvil<d

E1fuu1,.

J.619.54 2.768.9$

2l.S0%

1.872.23 . 1,¥7Z.ZJ

I.sit, VS

62.47 SIU

116.21 60.14 39 ~9 42.SJ Jl7J JS 53 . .

1.m.91

.

7.32

1,899.59

127.3?

H9 0

IJJ,26

133.26

.. •·

· .~No;eo .

l'Y 201..i,

ARR

4.201.02 J.27&.J6

2200%

2 l~Z.03 . 2.141.0J

t.366.~6

81.36 5J.U~

118.77 61.J.l 41 J~ ,9 Jo 4131 20.34 . .

2.16(;.~<J

.

7.1\1

2.25UD

.. -..

(117.07

6.06 0

'llJ.IJ

cl2J.U

.

11

1 I I' I

i I

'I

I 1

. I !

'. I: I' 'I '. ' . . . . . ' . ' 1 I

Amt, of Recwltf91'Y t:quily ~. ln 4!rol"'l!t

2 Ann. of R~Ult')' Loan

nv.Up 163.15

2,1\65.19

17S6%

·1.63.IS

2.'12

2%

I

I

278.32

103.08 184.69

46% 66%

FYlqj ~14 n' 14-15 J1'Y 201S.16 FY 2016-17 Sr.No. Par11t11fel'!I

Tow Pnvblonal Rt...t ARR p A

I One mo111h's O & M E•-ses I .94 16.10 19.02 19.43 2 One-lwclllh of U.e sum of lhc book value or mat<'l'ials in !,Ion:,; al 2.s2 2.39 1.42 l.42

lh• end or cuch mmlh of such linan<ial year.

3 Re.:elvobles equiv.iltnl lo 60 days average billing on consumers 25'.01 277.68 307.76 JS2.ll

Cross Total 2~.48 196.17 .l2B.l0 312.96

l.ess: I Tolql Security Otposlts by the Consumer, red11eed by IOl.45 112.86 124.61 129.48

Se<ulity Dtposits 11oder stttion 47( I )(bl e>f Che Elcclrkily Ad 200.l

Net Wo;,.,.~ Ca~ltal ..... OJ 183.JI 203.59 143.411 Ra1< oflnlcrcsl on Workin• C•"ital 12~0% 12.SO% 12.50% 12.50% Normative latnnl on Wo,•'·· Canilal JUJ 22.91 2!1.45 J0.44

I

~:~~a~:.~~~~!_ ~~ct!~'.; ~~ft~.': <;~~--;~:~td. . 11 1 . . .• ,., •. • . . • ,, ·~t;. 1'.iinn,No: S'7

FY2013-l4 FY l0l4-15 FY:1015-16 FY 2016-17 S.NG Partlcuhrs ProvisiolNII Rcvi.,ed True-lip

Accounb Esllmales ARit

Shariebold1>rs' Funds 1 Share Canital 163.15 163.15 223.04 278.32 2 Reserves and Su-lus ·3,170.27 -3,307.99 .J,341.25 -3,464.38

Total Eauitv .J.007.12 -3,144.84 .J,118.21 -3.186.05

Return as 11 •;. of Enuilv

~JS?\i,;,;;;;.r~~.~":~: ~ana~ ~~:" Lid.. ·~:.,,: .•... ,:) "' · aiiiN:o: ss

FY1013,t4 FY 1013,,14 FY 2.014-15 FY 20JS•l6 FY 2016-17 S.No Parliculan

Audited Tni~Up Provlsll).al Revised ARR. · "'«ouab Esllmaru

I Pun:ba1e of Power Powe, from own Stations •if an-;;. 3,554.39 J,SS4.:l9 3,490.81 3.619.S4 .J,203.02 Power from State Stations Power from Central Stations Power from Other Sources I. ii. iii.

' 1'otal Power Availabl~ 3,SS4.39 3.SS4.39 i 3490.SI 3,619.S4 4,203.02

2 £ne,...... Sale. witbia the stal~ ' ' a\ LT Sales ' bl HT Sales l

c'iEHTSales I

Total Enenr• S.les 2.4S8.09 2.458.09 '•s1.7s 2,768.95 3,278.36 l

l Dlstriblltioo Loss l 096.30 J,0116.30 ,; 909.07 850.59 924.66 i .

4 Total Trau11nlssio11 lo55e5 7S11% 7.91% I S.18% 5.26% 5.26% i

5 Tradablt Power ' . . . . -l -

1~amtr:t~w~'~"-·~~~7~F~;--;,:,~~ ... . :td,. · •nrm:No: s,I

F 11V 2013-14 S.No Putlc•lu,1

'. Tuiff- Audited True-11"

Power Purtb•ae or EDer•• Available (MU\ 3.49.441. J.SS4.39 3.SS4.3\I S•I• of Power IMUl 2.690:70' 2.4S8.09 2 4S8.09 Loss% 30.'4 .. 30.84% 30.84%

I hceints

• Revenue from lariffs & Mis~ll. Ch=es 1402:3 IS4S.24 1S45.24 b Subsid~ from Uovl. O.nm 0.00 u.uo

Tot•I 1~.3 1545.%4 IS45,24 2 Exnenditurc a l'urchas.c of 1''1\w:r 11:nt< l663.S9 1329.1) b Purchase of Powor from Olhcr S0111Ce$

• lnlnl•Slak Transmis$ion Ch=cs A7.1 74.SS 61.72 d R&.M Exocnsc SJ; 46.16 46.16

• limr>loy~c J;xnen:<es 127: IOB8 103.~8 f /\&G l::=s~ II. SJ .S'l SJ.S9

" n-..n::ci111lion 32. 17.76 36.80

" lntcrcsl & FinanC¢ Characs 32: 302.44 29.23 I Less: (ntc:res.t & other cxn~nscs canilaliscd ·21.l • 1.()9 -I.II'! I Other Debits lincl. Prov tor Bad del>tsl o. 7.US l2.W le tMrnordinarv Items o: 0.00 0.11()

I Olhcr (Misc.)-ncl -ior oeriod credit 0. .41.37 .41.37 m Allocalion of Ul•PCJ.., Char•cs 0. 0.00 7.22 D Efficicncv Gains 0. (J.00 0.01)

Total 1651>. 2126.:n 1657.07 3 RtaS<lntl>lf Rtt11r" 0. 0.0() 0.00 4 Oth.•r &11come S,. 7.114 7,04 5 Aon11al Reven .. e R<auiremmt n\.1-13\..141 164!. 2219.24 1650.03 6 Su-1us1+11 Sborlfalll-1, II '-'51 beror• tariff revlsio11 -242. -674.00 ,104.79 7 Ta rill' Rnlslon lmoact I Suri>lusl+l lSllonfalU-1: 16'-'7'•fier larm revision -242: -6'74.00 ·104.79

'

·-~L~ ,~. :

?I~~'. :1 ~rt·~:· ~~:;;,-7 . ' . ·-·· . ,. ' . .

,. .. :

•

438 484

LMV-2

LMV-.3

LMV-6

1.121

LMV-1

1.759

CONNECl'!I> l.OAD.(KW)

14.117

18.161}

:: ....

. . S.277

:•Fl ••

l'ROJl(.'TtO BILLED ENtRC.

(MU)

t 2S

I

211

51

3

2SI

I ' '

.• HV-Z

•

~- .. : . ..

CONNECTED LOAD(ll;W)

. '~ ...... .

·.-·N

PIIOJl,;CTE:D BILL£1l ENERG

(MIi)

2S.

-:_ .... -;

.~ ··~.-· \, ,..., : ,•, .

LMV-1 u: cr"R

a

Stbcdult"

I•

•· • ~ ~

CONNE<:nD LOAD(KW)

14.117

.....

18.)51

17,893

97,108

PROIWl"ED BILLED ENERGY

{MU)

I

1,1

.• . I

42

•

4

'

~~~i. ~!..,.,i~". ~ff-"~-~)

,<·.;.. ~

•

CONNt:cn:D LOAD(KW)

. 2

.•

•'

-·~ - :_, f ,,_: .....

\.US.no

Sl

7 b .

... .-,. · .

.. ·--: -. -~ . .. .•,

•

1,MY-1 A

18

.•.

B

noacn:o "111.Ll!D ENERO\'

(MU)

l i00.707 I 91

•·.. . .. .;-.

157.111

14 117 6

:~:,

JJ

18,012

• •'·. ~. ~!

9? 708

,j:d '1[' ii• ' I '

I •.• •

HV-1

HV..J

HV-4

• J ..

CONNt:CTIIO LOAl>(KWJ

.... :·.:. ll7970 34071 41.IIM

1 •.

·.-.:

l01

10

..

·~··

.... ,

J.l

S.No

A

linSI ED 4 s Sllbsid !ot rower Luu""'

B Ca !al Subskllts Ao.d Gruis I APDRP 2 f'LW ) UPSJDC

Total

S.No

1 c .. tniJ A»1.St..u Ad·us1men,

9 A,fus1men1 of P•« I.ow 10 Ad·usunmt oflntffil oo Loen I l Total Sul>sid Rmlvtd

12 BalHco S•bM Rom•ablt: 3 12

~ !· I .J

' ·I ' 1. I

'

FY J).

1 · •

" '.

AIIII

F'I' 2016-1'

i~' '. . '

' I,

IN.-~Dblrillutlo»Utt0 ... , Ka•n•r- • ,.,_,I'.•·,. . ' -~-~ I

n'201:H4 f'YlO. :iitlHS FYlOIH6 FY Ull,-17 S.No Portltulan

Aoidl~ ThM ~ R..i..d •-•u E1d1U&tt

ARR

A Income rrom Jnvutment I lnu:t'c:st lnoomc "1>m lnvt.!S~\S 2 ID1'1'cst on fixed """"'Sits 2.10 2 ' 4.19 4.00 4 04 l ln1ttes1 !Nm ~ks Olb« !halt Fixed •~iis 4 !nkR!t on {anv other imns)

S.l>-Tot•l 'A' 1.10 ·• 4.t, 4.•• ,.04

B Noo Tariff locomt I Jnkm1 on loons end Ad>llll.,., 10 stall' o.u 0. 0.10 O.IO 0 LO 2 lnwrest cm Lot1ns and Advances 10 Lice"-l lnltft6l On Ul:tM imd Adv~ lo J . .--"""" 4 (nrereu on Advances to SuftnJim I Conb'ISdots 1.01 1~ 0.79 0.76 0.76 s Subsidv fot lntmn P.-VmMl 6 GNn on Sa\e of FiX"ed /\sstlS " 1 Misccllanoous rcuiDts - . . . B DeJaved IU'-'rtl<:nt char- fron\ consumffS 9 Md<tR""I I 10 Re ....... -· from rMft ot" <:nera, .. ' II Whcdint1c:"" .......... ,a 12 M,sc. tl\at"""' ftiktl consumm ).17 l.57 2.46 2 4S l) Income rrom Other BLISint:S~ 14 ConO'acl Oetiwtd Violation Chat"''°" a

1~ 1.ess: R.1:buc for SU"'-MU at hin-vol•-16 Les..:;: Anv 6ll\er r~bait:$ '

S,b-To11IIB> 43J Ill I J." l.31 ·~ T~·I ' I 7,65 7.JZ 7...19

-. ~

.. ; ., l·::~;::·\

' ·, • :. J J.

. T": ·:

' '

' ' ' ' '

.. ' ..

•

-1j· ir i1 ~

< a I r '•. ·~ ti~ • l rt~ ~

~;

if ,~

·r ~ :!. 9t "' ,t.

••

•:: .

:,: tl, .. , ·1 "~ i- ::: ·~ ,I

.~ '°t~!e I -~ ! ,..:

1 !! & *rj if ; - ·-.1

i J!! 11 = I

,h~~all . -~t&J

i!tll f ':. ,. "' ,I 1{~ -

'. ,,

'. ,.

;, 1 .. J .. i Jr~

i °' j ~

t,'i;1 jrlij :I

" l J 'i ..• ·1

l'~~; • i~ i.!' -;,

jltf i·1 .. ~~

·• ii al -l' ! "' !! "~

.•j I,:

lj, .:; ,;i ~

~ ! ~a " kf I '

a I I l:l '

! J ~ "

! . '

E .. " .,. i- ..

~! • i- ·-

..... ~ 1! ~ ., ! ' ..

.§'-

f Ji - .Ji ! ! ';

i J .ls! . ~

• • !J,1 ~11 •.;,1:.11 I~ ~ , I :,: _ , ... I

;

Sou,ce ol P.ower

Th4'nnal StatiOlls

Anpar_aA AnparaB __ Hardu•~unJ ObraA Oora B Pankl

630 1,0_(!0:

165

288

3,862 7,!13_

301

~3S. 3,966:

647: 427

0.72 277 786,. ~

65 272: . 91;

44

2.04· 1.88 3.52 2.46 2.31 4.36 4.22

786 1,354

~06 131 916

282 ..

180

2.75 2.97

5.03 3.67 3.00 S.77 5.26 Parichha

Parlchh.J [ru,.

1.000. 210 220 420

1,~9: l,S2

1.21 0.69-1.41 1.04 1.44· 325 3.41j_ 781 4.90

. ' Par_ithha_brn. Stoge II soo ~,.397 1.1!5; 630: 3.45 1,173 5.30 Hardu•,••i Ext. SOO 3,397 2.02· 688: 2.72 !125 4.75 Anparo D 1.000 823 l.Sl 124 1. 70 140 3.21 sull't$i-"'lhlinbol __ J ___ 5,mt 7',ta,IL_o.OQ"'-l __ ~_o,o_ol_._!,H~L .C!,P.O] PerunitAv&RateafThennalGeneration ---·- -----·-- ··-··· Kyii.i'o.~: -~~-- - ·-· ·- ·------~hara S8 151 O. 7S 11 MaUltlla 20 53 0.68 Obra(Hydell 99. 260 0.66 Rihand

UGC Power St3_tlon1 llelka & S.,ball

255 14

6

670

36 16

Sh~la 4 9 Sub to_t•l • Hydn> 4S5 1,195

0.57 2.22 2.34

2.84

' 4:

17 38

s· 4 .. 3

85.

o.oo= 0.00 o.oo 0.00 0.00 -0.00 0.00

Pur""-l'•r unit Avg Rate from hydro 1eneratln station$ ~b.<t~=,-----·-··j--- . .i--am.. . . I .. :i/"a,:•r-·. . f ~~ 1· ·· ·.·. · ,:awn I · · I · · · . ;4 · _ _ ___:.___

ProGwemiljitof .. t .............. ~, t ·- -- - --· - ·--. . ·-. . ..................... ~-!l>=""'c~~ •. Anta 11!1 626 0.71· 44 4.44 ~78 Aurlv• 243 1,279 0.53 68 4.84 ~18 Dadn Thermal 84 613 0.82 So 3.97 243 D•dri Ga$ 271 1,427 0.55 78 4.38: 626 Dadri Fxtension 148 1,055 1.55 164 3.54 573 Rlhand-1

Rlhand~l

Siragt&1,.tli Tanda Un<hahor•I Un<hahar•II Unch•h•r·III h<&kkb

Kahalpon ~t. I Kah•lea°'!~t.U Ph.I Koldem (Hydro) Rihand-111 SUl).Touirmc Cha mer a Chamera•H Chamera-111

~n 346

S46 440

257 152 74 33 17

2S1 204 375

,i2M1. 109 86 62

2,697 2,791 6,687 3,255

2.009 1.166

577 202 SS2

1,807 780

l,980 u,9031

336 392 2B2

0.78 0.91 O.S2 1.01 0.83 0.86 1.32 0.82 0.92

211 2!>4 ... , 347' 329 167 100

76 17 51

1.17 212 1.56 1n 1.27 251 o:ooi-·-. -1.s,ur O.S8 20 1.28 50

1.74 49.

2.00 ~39

1.87' . ~22 128' &57 3.ss 1;1s5 2.82 . ~66 2.79 2-33 vs 2.s;, 2,26 2.32

.. ;!25· l!S

S5 )39 A08 ·181

1.51 199 ,;001 · ~- ?~[ 0.82 27 1.00 . 39 1.86 S3

0.75

0.68 0.66 0.57

2.22 2.34 2.84

S.15· 5.37 4,79 4.93 5.09 2.7& 2.78

1.80 4.56 3.65 3.6So 3.65 3.57 3.43: 3.43 3.83 2.78 0.001 1.40 2.28 3.60

1.064 2,140

151 196

1,189 374

225: 1,106 1,802 1,612

264

~0,.124t 3.77

11 4

17 38

a 4

3 85

0.71

so;lliuzi

322 687 294

703 537

2.75 2.97 S.03 3.67

3.00 5.77 S.26 4.90 5.30 4.7S 3.21

3.7?

0.7S 0.68 0.66 0.57

i.22 2.34

2.84

0.71

5.15

5.37 4.79 4.93 S,09

?50 2.?8 776 2.78

1,204 ].80

1.484 4.S6 733 3.65 426 3.65 211 l.65

72 3.57 189 3.43

620 3.43 303 3.88 5S0 2 78

11;861; J,34 47 1.40 89 2.28

102 3.60

Name dDi><ril>o

Dhaullpng~ S&lall&II Tanakpur

Uri

Dulhasti Sew&•II

48. 21,

!l~: 111:

0.60 lS 1.10. 17 1.05 .n 2.82 145 1.89 26

!l•H! . Parb&II ST •Ill

35 51.

140 ,894

166

2.49 55,

5'1_1!~tw.e·~_~. - .. -1. 1.05 54 . - ···;;r "ls ·1

. --~...L ·-· ··'· 15.1 o.oo NAPP RAPP#3&4 SO o.oo

• 0.00 + [_~L_:1._

RAPP#S&6 115 M-T~-NP.al.-. --.=-:J-~ .. --·-Hi -NATH PA JHAXRI HPS 287 1.06 213; TAI.A POWER 45 o.oo· kot£shwar 173 1.94

Srinagar 290 1 o.oo Smn 49S S 0.1.s. Tees1aS1-111 S61; :2,i,13'i" 2.33 Kareham-Wangtoo 200· _ .. il_sa· 0.00.

"'t . VtSHNUPRAYAG 3S2[ .1)1_50_ O.S8,

TEHRI STAGE-I 418. 2,'l.71 1.Sl Rosa J'Q~r Proje<t 600: ·4./)66. 1. 73

Ro~ P~r Pro~ 600· 4,066 1. 73

8.tra 1,782, ... iizi;' 1.17 Anp_ara 'C 1,100: _7~15. 1.36: IGSTPP, Jh&JhJh&r 51, 212 2.59 Bajaj Hlnd~$than 4So{ .2,iio.1, 2.25,

~:~lP.f1#( · --1: ... ;.::t •. r.•~-~~;:1 c.?.P.~!'.', ·~ ~n -i J.~.si o.oo: lnmr sys~m t)((h•na• -! 4,9401 0.00, (Blla1eral & PXIL, IEXJ I UI I

' -I 84 0.00

54\ S6S

143

327: 704, 704 249;

95,t ;

SS, •

632i 535!

--~

·1

:I

Q.38.

u,:. 0.89 ··-··· ··- - -· ~.30, 1.81

36 9

1Z 44

118' 2S

•

2.37 0.98 2.92 1.94

S.12 . 3.70

0.4S 10 2.94 3. 7,f 192 4. 79

~=--'~Jltl~~! o.ool us, , .. 255 2.49 2.96 ____ )99 2,96,

67 2.37 25 0.98 30 z.gz 96 1.94

264 uz so 3.70 6S 2.94

246 4.79

i.oa1: 3.06 255 2 49 199 2.96

3.53, 312 3.S.l; __ _

oiiJ: ; 1 f m 16&LJ',!M!I _. 312 3.53

-- 16'! •. 2.97 L45, 292 2.51 .. •1• ·- .. •• • • • •

2.1.~: . t. 39 2.13 1.80: . . . .. _f02. 3. 74 4,0(), I , 10 4.00

. ; 99 UL_ ~ • 1.30 1. 11: 15: 4.03

3.00.. 471

3.00 '

!:!~- i07t !:: 3.S8. 1 ; 5.31

;::~: . ~. :I. ~:~;

2.~ 3.84 4.19: 91 6.78 4:39, ~; 6.64 2.95. • 4.83 ~~-~: ·i 0.001

::t: ! ~1 :::

sos 2.S1 39 2.13

213 3.74 710 4.00 4S2 l.30 980 4.03

47 3,00

451 1.84 t,070 4.93 2,160 5.31 2,172 5.34

642 3.02 2,697 3.84

144 6.78 1,864 6.64 1,375 4.83

15.Sll[ 4,05 1,321 4.61 2,470 s.oo

10.35 10.35 87 10.35 3.13 3.13 110 3.H ·--0.00 352 ••. ~:,0.0:c=i: __ _

·-· -·, 3.9asi o.ooi 4,84

GM.ii 'l'cnal ofV­PvrchM•

I '. i. ' '

I

' ' I. '' I:

i ~

i: I

I: ' i' ' 1,

4L424.821 3,76

• • • • . i 'i I

-· -~.···~

Soutatoll'oM1

~tfl'l\al ~ .... As)p.tri A Atl~r~ B Hatdu~aunJ OtlraA

Obn18 1'a1'kl P~rlcl\hi

·r

3,852 0.7S 7,194 1.11

300 1.58·

533 . 1.25 3,9SS 0.71

646 1.46 425 1.06

2,252 1-~i 3.388: 1.84: 3.ll!S 2.01

289 2.,12 .. 816. 801 - 1.95 .. . ',,4/l:' :. 47

' 3.661 110:.

67' 2.s5t. 1315, _, gsf 241 2,40. ...

!lA 4.34. 2~' 4!, 4.391 187'

~25; 3.60. sii{ . ~ :j,i~;: 62.S:; 3.59,

681j z.u~ as,:

r~ri(hha E~. ~.a,ieh.ha Ext.II Sta~ 11 Ha.rdu.1anJ Ext. Anp~r;a D 6,192 l.66~ l,02~ ~-''l· \1,ooi'

••-••• • • - L Sub tot ill - Thermal

~~!. ~.1:a1,.~~~~~ of11:,~.~!t~~· · ' ~~~~--- ·- -· ' n. Khara ;J- ISi o.~, 1~ 0.001 Ma1atlta . · ' . ... 53. 0.?9. .•! ~ ~~J: ObrajHycl<II 99~ 260. 0.68. 18:. C!-.OO;

32126 •UJ. i. ]~:

-lh••d 2SS_ 670. D$9; 40 O.llll' UG.<;:Pow~rStatio"s lA.~ 36: 2.30' .8.. ..tt'!(): eelk•f<B•~II .6.!. 16, ·2 .. 4.f .. .4. 0.-00~. Sile.ii. 4_ 9: 2.9s. 1. g.oo, S.b total - Hydro lSS 1.195 D.OG. !Ill. 0.00: Putchase Per ul)lt Avs Ra~ fro.,. hytt~.~neno":4. ~o~ · :

~Yl!-J~g'!'!! _ . ·~- -~r~»~21_. ~,.J,1G.,!1 __ ___ ·-•··· .· - -· _L _._. --~i!<>~!~v!'i~~f<I -·· Anta 119., 616. 0.13. ~ 4.62_

AW:,,~. 2~3j 1,279_ O.S5 7.1.. ~-~3-'· ~~riThermal .~J ~13. 0.#c ~ -- . .. 1·.!~j D;idri Gas ~~j 1,427. 0.57. Sl, ~-~6J. Didrl Erten$-IOn 148i 1,055. 1.61 1~; 3.6&:

R1hond·I !.·.1~~1· 2.697. 0.81 WI. l.08;· RlhJnd-11 l'l'I' 2..791 . 0.9S ~~. 1.f5~. Slngr••II 84li 6,687 0.54 361.. 1.33. Tande 4<IO 3,255. 1.os. 343_ 3,69: und,>har~ 2s1 2,oo.? •.. o.~-- 11•: u1: \l.n<¥.l•~-11. _i,~:!. 1.166: O.!l'fl _ l~•- 2,90j° -untnat1~1-111 14 ·· · si,'. 1:i1 · 19; · - ~·:•iT Fo,akka 33 202: o.ss 17, t86J _ <•h•l1,on st. 1 Tf 552.• o.~I S3 26!J Kahals,on st.II Ph.I 2!.l. 1,807: 1.22; 2ii - - i'.3~-

<.,td•m (Hyd"'I 95! 361 1.S61 S6 ~-41;. R;hand-111 375 . .. 1,980 1,.~2· 2i;1 . U1' _lt<Tot«llf!K ~M-~- . .L __ .;ul(_ ___ J Ch>m•,-. 109• 336, D.60' 20· 0.85

2.87 1,lo.t 2.87 3.07 2.206 3.07

5.23 157 5.23

3.81; 203 3.81 3.11 1,232 3.11 6.00 387 6.00 5.45 232 S.'4S 5.04 1.135 5.04 S.43 1,Ml 5.43 4.8,,l 1,640 4.84 3.43 2,121 j.43

U2S'l 3.82

·---H!._ ----··· .. -·-- -· . -(!.78. 12 0.78 070 • 0.70

0.68 !3 0.68 0.59 40 0.59 2.30 8 2.30 2.43 4 2.43 2.95 3 2.9S MO 88 0.74

G.74

U,346.64 J.71

5.36 335 5.36 5.58 714 5.SB 4.98 305 4.98 $.11 m 5.13 5.29 559 5.29 l.89 780 2.89 2.89 807 2.89 1.87 1.252 1.B7 4.14 1,$44 4.14

3.80 763 3.80 3.IIQ 443 3.80 3.80 219 3.80 3.71 75 3.11 3.57 197 3.S7 3.57 64S 3.57

U7 143 J.97 2.$9 S72 2.S9

- L. l~[ !A1 1.46 ., l,46

.~ ~

~~ ~ ~~1 ~-f)

'ji&l ~-II ··~ .. :;' -: i .. . .;

Ol.~mera-11 lhamera-111

Oh;tul1g11n11 Sa'81 l&U fi"akpu,

Durhasti SeWrl1

Uff•II

•

·~.blot YarloMe~ :: Tolllrmt Aniaae ----1--=~ l 1~ IR,,i:r,l (lb./- ~i!,r,p.j l:i IRs./kWIII l•s. r,.) ~

392 1.34 ~l.. 1.~; 4:1, 2.37 93 2.37 282 1.81'. 51· l.86; ~: ].67 103 3 67 281 1.10 31° 1.ii'. 36 2.37 67 237 252 0.6()_ l.5. 0.33; . ~- 0.98 25 0.98 103 1;,<!_ 17: 1.U! 13 l.92 30. 2.92 497 uJS... si1 o.s,1 ·· ~i 194 96 1.94 .. ~ - ··• S16 2.llli HS ~.3~; 1111: S.12 264 5.!Z us 1.89!· ii;' 1.at. 25; HO so 3.70 - T .i 111 4.9S .. .. ~.s.. 0.45: ·J S-43 60 5.43

Patb.aU ST-Ill 11)$.

~:~i~~ii r -rH 383 _O,OO! . O.OO: 0.00 0.00 1.41' !>4 l.74 s.1s 191 s.1s

[:_-g_ - ]_ l,03.t. .. 3!] us 0.00.. 2.S~; 2.S9 242 B9

NAPP .. • i:&,: ~l .. 935

RAPP f3&4 ~: 604 0.00 3.1)8: 3.08 1i6 3.08

RAPPIIS&6 r·, .. '-~' 799:_.co,,.oo=..j-. --..:. ... ~7· ~ioi>,To;.i.NP.QI. ---'-'--"~ "'...!L.-":Bll"' .. C<,iL_-J._..._ __ ..l_ .. NAll<PAIHAKRI "PS ~87.. 1,383_ 1.60, . 221_ 1.Sl_ TAIA POWE~ .•s 181 0,00 Z.Z2; Kote1hwir

Srinapr s .....

173 569 2.02 290 S19 0.00 49S_ 2,081 0.27,

2,175_ 10,186 2.19: :

200 158 O.OO: .

us 1.87

4.l~: 1.20' ,. 1.52' 3.]J'

T,eeit1 St-fll KJl't'Nm-\V~ne;too VISHNUPIIAYAG

:tl.H~I ~TAGU ~ Power P,oje<t Ros:. Power t>roJffl Ba ..

352 1,623 o.n... 149 1.ao, •.1~; 1.809: us,_ 3,40] 3.561. 6.C'!I 3,946 1.1s; _. 6~1° 3.121

Anpa11 'C' IGSTPP, )hajhjh.ar e,,aj Hindustbin

~-~!!~~·'····· ··,;: .), .. toto1.1r,1J,11 C~p~ and CO£en rntet &\IStttl'I euhtne:e: ~olat £ nergy

600! 3,946 PS: 689: 3.75· 1,7112. 71395 t.18 874 U4: 1,100. 1,01s 1.11 1.2•1 2.ss.,.

51 354 1.61 S7 4.36

1 4SD, 2,807. ·2,2S 632 4.St'°

. 182 _l~,108 l;~~ -~9:1; . . 2.95-i:-

. -~L ······-""" ·-:t .. 2,86,S· 0.00 -; 4.79 ..

' .I ·211· o.oo

84 0.00 s.io:

10.76 o.oo . , l~;r N.VV.N.~~1.f~~.•! .. ·-r- .. r· . 3S2r

!'!~"i!~~!!<\:--:·~ l=! 3.26f ..

..

' I'

U7 ... L ],11

2.22 l.89 •. 16 1.46 3.71 3.12 2.21 s ... SA1 s.so H2 4,35 S.97 6.82 4.83_

4-19 5.30

293 3.67 1i!~~I. ~.os

430 3.11 40

221 216 ~

3,780 <9

l~I 984

2.158

2.n 389 416

1A6 Pl U2 2.22

5.44 5.47

2,17J 5.SO 3,197 02 3,oso •.is

211 S.97 1.913 6 82 4.Sll2 4.83

~r ... ~~ U14 4.79

115 10.76 90

S.30 10.76 3.26

Ul ,.t7

3.26 114· [ 1,uusj I 4')1611,U,

·i I

l :.. .... ;r7 ... ; •'":Z:-~:~' ::~·,;:, .. ·~ ... ~di::~

SNo.[ Nameoflbe Capadt:yofthe Eoergy WIie.ied MHlmc,m ~mand Tnosml:uiH Tran,111i~ Ottn,r Total Transmlssi transmiMion lntQSlllbaioll lhroocll the inmposed by tbe capacity alottd lo ch•rr;ies dlargts CharJ4!S on

system systett, trammistion ditlributioQ lltell!tt 6n tM distribution wrgeslunl i;ys~m the lrat19nlbs!Gll llcenstt I

syeteni

IMUl MW MW Rs. In Cr. Rs. In Cr. Rs. In Cr. Rs. lo Cr. l UPPTCI. FY 20l4·1S 3.490.111 67.72 . 67.72 0.194

2 UPPTCL FY 2015-16 3 619.54 ·--~ii47 . 62.47 0.173 3 UPPTCL FY 2016·17 4.203.02 81.36 .

-----,,t.36· O.IY4

4

i ~ z. ! 2

•

:I . 1.

-·';fa·.a--,·,:.;.·-:.>ii''-'.--.-1, .. · .• _ ...... 110.-"'0l·J/$

FY 2013-14 n 1013-14 FV 2014-JS F¥ 20JS.1' FY 2016-17 SNo. Par1itKlan Pnwlabiel Rni"d Avdi.e, Tr11e-trp

.A.coouau ... "-·tts ARR

1 Pl.an, and Machin,-ry 22.16 22.\6 17.SS 24.12 2S.OS 2 Build,n• 7.ll 7. lJ 3.96 1.99 S.07 3 Civil Worf(s 0.1 I 0.11 0.18 U.13 0.13 4 Hydraulic Work,

j T nn1fomicn; 6 l,iocs. Cables Net Works etc. 16.16 16.76 27.19 IS.77 18.94 7 Vchiclcs 8 FumiNR and Fhcrurei 9 om.., ~~uiomenls

10 Tran,ponation 11 Sub station nla.intenan.ve by pnvatc agen~ies: 12 Any olh<r items (C.pit.li.,o1ion)

Addiriooat R&M(({l;2 .5% of incromental Gf A) 0.13 CJ.a? ·rotol 46.16 4i..16 51.18 51.114 33.05

'

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.

~s:~;~=-E~'1i:S-~m~~- Y:J!~ ·:; . .. .. h ... Noili'M

FY 21113-14 FY2013-14 FY:2014-15 FY201S-16 PV2016-J'7 S.N<> P.artitulan I

Aadlted Trite-Up Proviilioaal RmHd ARR I A=•nt.t Etdmat ..

I Salaries 87.86 87.86 83.6S 98.42 99.32 I 2 Dearness Allowance

3 Other Allowances & Relief I 4 B0nus/£xgra1ia I

s Medical E•-scs R.cimbursemenl 6 Leave Travel Assis1an~ 7 Earned Leave E.nushmcnt 8 Compensation 9 Staff Welfare ExDenses 1.l(i 1.16 1.49 l.29 1.31 I

' 10 Pension and ora1ui1v 14.56 14.S6 14.28 16.31 16.46 '

; II OtherTerminol benefits 12 Exncnditun, on trust , , 13 An• other emnlo•ec exncnseo ;

14 Arrear of Pav Commissionffime Scale

IS Addi1ional employee Expen~@2.S% of 0.26 l.68 incremental GFA I

Grand Total 10:t58 10.3.58 99.42 116,28 118.77 Emolovce tx""nses ~niializcd 1.07 1.07 l .41 17.44 17.82 Net e111olone exo.nsu 101,Sl 102,SI 98.00 98.84 100.96

:~ tyV'--.

,t;.•. . l, - ' .,-·;,~~ ., .1·' ,... ~ti<

• 'l· ,Ti'\ -·

' I ' I

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' ' ;

' ' ..

' ' I I

i IN111tol'l_ .... ,Kat•or.E1tdric•-s,,~--., •. o,J, ., • ··~~-,:•>, ······· ~

n':!/IU.14 IIYlOU-1~ f'Y:2014-15 FY ltlS-16 FY llll~l7

s.N._ I'•-... Alltlllcd Tn...U1> , .. v111-• -- ARR

... -·-·-··· [Ml .... ·-

A' A4•t•ittn.1161 El-DICS l ReC\t rates and taJtts l<>Lhcr &hao an taxc:s on itJco,ne ~-;-roi11i I.SS I.SS J.87 174 1.1b

2 lNutane.e of em61o--s. 115KU. l, .... 1 Jiabihtv 0.0~ 0.05 0.00 0.06 006

3 Rc,;c:ttuc Sf&""'" E,c-... Mes A-oc~unl

4 ·rcie "" e.. Te1-m. ltlt.emct C.1iar•es OJI O.JS 0 •• o.43 0.4)

~ lnc:entive & Awud To Em•!ovcc:slOtttsKkn . . 6 Co~ultancv Char0 ,.s 1 Tnvellina 0.01 0 OS 0 08 0.09 0.()Q

. . & T cch11ic:al FCC$ 9 Othct" ProfessfOnal C es l.lS l.lS L 87 2 4(1 2H

10 Co"' aooe And Travcfi!vehn:k tur.011 rurtnin11, LI UPERC l.ir.cruo r« 12 P5anl And Machine'"' ,ror M!mfo.istttJiYC: utut'

ll Stc..,-il" t Smic, t· .. ~--~ Psid To (>uuidt Aa<:ru:1es 15.U IS6J 419 17 )I 17 67 I

14 Other Rc'" 1"61orv F.• .... IS rr tcl&tcd1:xnr~ i

S11b-Total of AdSRl.abtral:n•t [s-1110 1"35 19.SS 1&.43 ?2.13 22.H

Bl OtbtrCb1rod l t=e.: And Subscrintior.1 •Sook.s: And f(1'iodic1tli\ 0.73 0.73 o.16 0.11 0.82

l Pnntin1 !iend sw,i____.._, 0.47 0.47 0.40 0.)2 0 ,1

3 Advertiscmmr Ex--scs M7 047 0.60 O.S2 O.B

4 ContribuliCKWIJonatiotis To O\ltsidc tniHtutc I ~ociatlon s ELecrrioei,.., -.. ..... tt To oftk:t!

. .

' 6 Water Char-7 Consultanc" llX ....... "'se, /An,: S11JdV rdawd cx-n~ 8 M~H11~«1us Ex .... llSM 0.99 099 1.24 111 1.12

9 Ex-~~ on J>ub1tc lnterr&etion P.....,.ram . .

10 AnvOCher f;'X •• l0.92 30.92 29.IS 14.6) l4.9S

Sa~To,t11 orotbi:t fil1--e• JJ.~7 33.57 32,15 J7.611 J7.~

Cl 1., ...... ,0.-t,. . .

1)1 A•~tor·s fn 0.17 0.17 . 0.19 O.l~

E' I' 111. M•ttnl:I Rtb;ttd Es--·ni

... 01\tt •-artm~ta\ Cba Additional A&O ex-~'"'·'t&U.!% orincJrmMlll GfAT O.ll 075

G• ToblOtaroa $.J,59 SJ.s, 42.SII 60.14 61.JJ

It• ElRfA,11!1 t•~ttlllttd 0.02 0.01 O.Ol 9.02 9.ZO :

I' N•Z Adnti•i$1rt.tiYt .aod c~,tral n:-·nM:~ S>.S7 s.l.S7 U,56 ~1.11 ~2.ll - -~ .

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s;!'lo· Particullrt ' I A•dllfd Tl'ut-Up !

1•ttrttl a1:1d flnancC' C."llf1lt• un tmg Jtt• l.oa•• J

A Ct«!lto r- •~• Flt/b .. loi/orpal,.tloiii opprov«I by tht Stt.tt Govtrnmtn1

Wuest on • --Tenn LollnS 294.34 0.00

Cnterc::St m:i Work.in» C111i1U. 0.00 21.ll

Total J11ac,1 Cbtr"ct z,u, 21.U

lntae:St lo Cot1Sun1.:t1 ' uo 8.10

BankCtw- i 0.00 0.00

r>iscount to CoMumcrS -Finan~ Char.11:u/GtJacant= fees

. .

To1al F•naacr Cha • I.IG uo

Grou &ntcrt.tl •&d finance Qe-ts )02.44 29.V

IDC . .

Net Jnt~rftt and •••••t~ Cha-~ .lO'l.44 29.lJ

l

~ .. .• •• ··?".,.,...~...;~; ... "•

.-v-14-15 JY201S-I" )'V •At .. 17

Pruvioloul Rn-bed ARR .,\('C(Ml6b -=-~ ... ,ff

26S.OO &.84 IB.~6

0.00 2l.4S J0.4~

US.OIi ,u, 49.00

9.17 \0.09 9 85

0.44 046 0.46 . . .

. . Ml 10.:!!i 10,31

2?4-6\l 4U3 SY.JO . s.lb N.29

r,uo 31.sl 45.01

·'---&&. •••·&••·. ·~----·--· - .. ~ ............. ~&&& .. .

~- · ~w ·»11@1+=.~;:.-+ir:r~~--. c,,;,-- ~, ·. . . . •:. . ~- ,, -. . ..~ ..

P.11rlkai.n Oeeni"I Bsbn0< at i\MtklRt rcceivtd Pl'ill<lpal repayment ra-Ille btglt1ning.a on during the year during llte year

April l, 2813

l•luCrore Ami Ami Amt Alllt All.Cr hCr RI.Cr lb.Cr

.. - ... T•rm • .... , Go UP IT/S<hemel GoUP-APDRP Go UP World Bank UPSIIX'L Hudc:o REC IT/S,:l,emel Pl'C 1Trdl1Sftt Scheme) REC (APDRP> Rf.C IHrid- l..oanl l'FC: (T/Schemc> PFC l'R·APDRPl rfc lllusincs:s Plan• .REC fSub SWion Loan• REC IABC Loan\ PFC IR-APDRP Part B• lnt«csl Ae<--rued b<JI not due REC/WC) REC (Toansr..- Sl Bank U>IUI> !FRPl PFC REC Noida+ MMcli Puishod Tola! 1.698.31 . . 294.34

-- - - - - -. ·- -- . . - - - .

..• ,,,. Closimg Bal,lac .. al oe Man:ll 31,2014

'Bait ACIII % Ju.Cr

12.90% 2.865.19

.,,•·

.~ ,tfl

'\

·-···-·····-············ - ····-·· • _,., . . ~-·--4.661,.&&aa.a,,-••••--

"n",.;:.r~L~tee'~-J ... ~ • ;,:>• ""!ifi .:.: .. ~"."'·

l'•rticalan Op<dlog Bala11«·•• Amount ...,.;.,c,d Prindpal ttpa)'ltloal lnt...al ClotlllS Balaam u

the begin nine •• on d•ring th• year dun•a c1o< 1.u oa Marcil ll, MIS

April 1, lll14

Ill llJCl'Orc Amt Amt Amt Amt Katt A111t

lls. Cr Rs.Cr Ro.Cr 11s. c, 'o/o Rs.Cr

1 Aft" T• ........ 1..oa·· Go UP ll/Scilc:lncl GoUP·APDRP Go UP Wodd Bank U~SIOCL Hudro REC ff/Sch:me' PFC 11rarufor Sthclru:I RECIAPDRP• Rf.Cl8rid-· Loonl PFC <T/Scbcn"'' PFC tR,-APDR.PI PFC !Business Plait' Rli.C ,s..i, Station Loan\ 11.f.C<AllC Loon\ PfC IR•ArDRP ran 81 lntco:st 11.ccnicd hut 1104 due Rli.CIWCI RF..C ffronsf..- SI llao). l.oans ll'Rl'l PFC KOC Noida• Mandi Parishad Total

2.865.19 9.26% 2.92

.

:., . -.(\:_ ...

4-· . ·-· -··-· - · -·-··-·-· -· ............ ···--·-

l. J.' l •• - ,. ••• - •• •

.. ,,:~-- -~1(6~ •• • ' •• . ,;' - • ~· • .: .. ~.... • • ,">' ~ ... , .. - i ... A• :

,

Opr11i1111 Bat.nu at Amoaat rettived Prin<i[IOII rq,aya>eal ra-c ao..aBata-• 11,e beginning .... dwriag die year clariAI the year 911 Alatt• .31, 20111

April l,llU

11 lbCrore Aatl A.,t Amt .Al'llt Rate Amt

R,.Cr lb. r .Cr Cr % lb.Cr

T• Go UP T&hem< Go UP-APOR1' Go UP World Bani< UPSIOCI. Hudco REC l!S<:hem< PFC T,ansfcr Scheme REC APDRl'l RllC Urid Loonl Pre T/Sdi<mol PFC .R,APDRP Pl'!: Jiusincs:, Plan su;c Sub Sllilion Loan ru;c ABC l,oan PFC R-APDRP l'an B lntcm.'t Accrood bu1 no! du, REC WC REC fr11n1rcrS Bank I-"""" FRl'l PFC REC Noida+ M1111di Parishad Total 2.92 139.76 J9,S'J 6.14 12.90% lfJ.H

~ J: l'

. ,V

Par.lieu bin

la Rs Cron

Lone Tff'ffl Lo•aa Go UP lTISdicmcJ Go UP-APDRP Oo UP Wmid Bank UPSIDCI,

PFC (Business Plan' REC (Sub Sta1ion Loon] RECtABC~ PFC (R-APDRP Pan Bi lnteres1 r\ccn.::d but not due Rf:.C(WC RF.C (Transre.-~ B811k 1,,.,,. (FRP) PfC RliC Noida• Mru,<!i_ Parisha<!_ Tof!I

-----------

-~ U!;• •-.-·.: 0l)ffllng Balau« at dM bt&lnnlat» on I durin& the yur

Aprill, 1016

Amt Rt. c,,

UlJ.08

Amt lb.Cr

1211.99

Amt Ro.Cr

47.38

~ ,::g.;t:~;:~ lattrc:st Cloani:.BaJ ..... u

OD March 31,201?

Amt RI.Cr

4.27

Rate %

t2.90'/.j

Amt Ila. Cr

!__84.69

~~ ~~~

;,.,.,.11 ~·· ~-'\) -· t .. ,, ·.r,•~ . ~ . ..,

..

.. . .

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l'Y2t1~14 yy••u-i,i ""2114-1"' n'201~14 FV 201"-17

SLNo. Potticulano Alldited T.,...Up ~., Rnlstd ARR .4--~u r.~11\Ates

I lnteresl & Pin1111oe ch·-~ c·-'leltsed . . . s.26 14.29

2 Oth:r ~-tb'C .-~ueliscd: .._ •. _...10-.ex ..... ~ 1.07 1.07 1.41 17.44 17.Kl

t,, R&M Ex•.,.,&e• c. A&G Ex-""C$ 0.02 0.02 0.03 9.02 9.20

d. OU!m. if811• ·1·.u1or2 1,09 1.09 1.44 %6..U. J7.02

CrnllTOC$1 1-~ "'' 1.44 J1.1J 41.ll

-~-........... ·.S..~ .:7':-.:", ... ... , .,: ' ·s-, .

FYlDl3-J4 F\l :OIJ-14 F'Y ::014-15 FY llllS-16 .FY 2016-17 SI.No. Partltulan

Ao411ed T......Up ,nmo1o •• 1 Rmml ARR •-nacs lil\imatu

I Mat<:riaJ C~t Variance ? Miscdlancolls Losstt And Wrtuc Off l Bod Debi Written OffiProvi<led For ,.os 32.00 S.63 lUl 20.34 4 Cost OfTradine. &. Manuraclurine. Activities ~ Nd Prior Period CrcditJChaf'a- 41.37 -41.l1 ·IJ6 0.00 0.00 6 Sub-Toll! . .w • .n • 9.11 7.06 JS.SJ 10.34

7 I~ Ch ..... i~c lo C---161 f.x-··

~ .. ·ToRMlllftM l3'.J2 --· 7.o& Jll.53 ?G.34

l'f•Dl( ofDistribittio1t Lice..«: Kaa ur Elr;ctdc" S11 Co a L d.

FY201l-14 SI.No. Parti<lll1t1 T.....Up

I R«ei•able fmm cu,tomcrs as at the beginning oflhe Ytllt l.611.66

2 Revenue billed for lhe vear l,S4S.24

3 Collection for the •eat IA79.42

A .. inst current dues A••;nst am:ars U""' nrevious veu

4 Gross receivable from customers as al lhe end of the Yeat 1,677.48

5 Receivabl~ 11:":tinSI nr.:nnancnllv dis,wMe\:(e(E wnswtms

6 Receivables(4-5J J,677.48

7 % of Drovision 2.00'k

8 Provision for bad .nd doubtful deb1s 32.09

'

. ··~"~~ ... .,&~. J.!,

FY 2014-15 F\' 2015-16 Pr.o•bloul Ro,,letd Att-0•nts Emntat ..

1.677.48 1.814.09

1,689.24 1.872.23

l,SS2.64 1,759 89

1,814.09 1,926.42

1,814.09 1.926.42

2.0M~ 2.00%

8.63 38.H

-~

F\' 2016-17

·ARR

l,926.42

2.142.03

2,034.93

2.033.52

2.033.S2

1.00%

20.)4 .

~··

.! i

i

.! II ' I:

SI.No.

TOTAi, OJ£8m

c, ... aT*'

Aca,HII

NII.

' '

' ' ' i I •

FVlOIS-16

ARR

' ,, i !

•

1N,.,.or11~-;{~":~"'~'.".'7'.!3i~".'."' .. ,,,·, ., , .• •«, .. , · r i ~· .. !!iii),~;, .... •4 • n2H4-JS PYlOIS." Fl' itl~17

Sl.l!lo. fartkolo"' ·,"Ullbed T111..Vp fh>vlsloaal Rnlstcl AU Atrouats Esllm11es

A Jit-0mt rtlttiD9 to ftttri.oua wear,: I Misc:~"'c. 4HO 4~.80 2 Income TAX _..."r _.....od l E"'ce:s.1 P,wwon. fot 1 -,cc,aUon -4 Exocss Provision (o, lnim:st 1111<1 Fin. Cha,•- . S R;or:i"'"' fiwn oonswncn 6 Tnnsmis,ion l ,,,.......,. . 70lhcn

8ul).Total A 4S.IO 45.80 MO o.oo 0.00

II !t'tntod:itatt nb.tio• tu nrn·ious vc-an I !'o,_Plddwo 2 . -.im~ ex-mes O.lZ 0.2l 0.44 J F.,t<;:ise Outv nn ....... cntion 4 1::---~ Cost I.OS I OS SI-iii.ion 6 hu~ and }'iftan.ce ChJwv...c 0.93 0.9) ..0.00 7 Admn. Ex--• 8 Wilhdnwal ofRevenuc DcmMd 9 MJ\lffial Rcl•ied

LO Olllcts 2.22 2.22 -2.01 Sub-Toll! B UJ ,UJ -1.57 0.00 0.00

Ntt ......u..r --riod Crff:.H0rt,-1.: A~B .a1.37 "41.;rl -1.57 o.w e.oo

Prevlo•Yar

Baluce at tbe Nd Balan«at

SI No Partic•l•n Additioas 1>egh1111t1g or

duriae the tlleead of

the year Year tit« Year

I C.onsurncr Conuibu1ion Tow~rds Cost OfCapiuil ASSelS 149.62 0.97 15059

Net 2 Consumer Contribution cowards Meierin S •stans 3 ()then

Sob-Tola[ 149.61 0.97 l!I0.59

4 Subsidies Towanls Cosl Of 'tal Asset 5 Gran1 Towards Cosl ore 6 Others

Sab-Total

Total 149.62 0.97 ISO.S9

~ .. \ ... , ,.. ~~\ :_:~ .... :;_:.1!%, f;s

CurreotYear Eaiula Year

Net AddltiOIU· durliq,; die

Y&11r

13.97

13.91

13.91

Balaae,, at NdAddltio•• Ba.Inca at the the end of duri11111be •d of Ille Ifie Year Year \'ear

16457 (10.20) IS4.37

164.S7 10.20 154.31

164.S7 IS4.31

~~ef .~~~_.\] §I".' ,p.-t :,~ \"""

.dl. . "' ... ~ ~... ,~ t,;1,·--~-

SI. No.

NIL

Date of Wltbd'11W"1

•pondoa•

A«1111111laled Dcpndat1o11 oa date of

wllfldrawal

•Note:- lnronnalion to bt rovid<d for P ... vlot>s Var Clirreat v .. r & Ensvia V<ar

Wrlttffl dowa valuo o• datt or

wlllldrawal

Name or Diltrlbctloa u,..,_: kan r Elc,ctrici ' Ltd. -1

SI.N11. Description of in~estmtnt Bala11tt at the hrtller bs~utmeats Bala11tt at tit• Remarks be:f.oblnt:: of tbe , ··-" naliaed during eadotlb• year i.llrin11 the IK)'Rr year ~,,.r

ND...

• ' ' ... . . ' .. ' " " . .. '

" . " .;

'

•Note:-111ror111atio11 I<> be oruvidtd for Prttious Vear Ca,n,nt Year & Eos11l11• Vur , '

.J

' l '

" ; '

:i ' " ..

!!

" '

: t ;;~. . ....

SJ.No l'itrtkalan rY !014-1$. FY lOIS.16 PY 2816-17

A Curreat A.set., Loans and Adnnct11 Sumi Ocbtnrs ln~cntories Tile Hnn'blt Commission in tile True up Order for FY 2008· 1--~+----'""'-CC..'"'-.C..~--~~~~~~~~---; Ca.,h 1111d B1111k Balances 09 to FY 2011-12 dated 01st Odober, 2014 had adopted 11

Loans and Advances uormafWe·tariff apprv.ch tow•rd• capital slrudtJn, This Other cummt asseb entailed tbat rqulatory bal•ncu law~rds <"qulty, GFA,

1-aaB-f..;;C..;;11..;,rr:'en"":1 ;;;;Lc.la::;;b.ll.,lt,.le .. s .. a,.n ... d ... P ... r ... ov"'l'"'sla.o .. as ... ___ --t accumulated depncialion, loans, etc would be diftcrenl from Sund Croditors 11Hndal statements. Hence, Forms S2, S3 aod Fl9 have Provisions become infrutuovs as they would 1101 mat('b wilb financial

1--+--0"'t'"h"'et;..C;:;.u;;;rtt=n;;;.1..;;L;;;;ia;;;b.;.;il.;.;i11;;;·e=-s ---------1 statements. Considering Ille above, Che Lie .. nStt seeks waiul from flllng tbe Forni Nos Sl, S3 and Fl9.

C NET CURRENT ASSETS A - B

!N.,.. •rlllstrllMIO• Lit....,: Kanfur Eledl1dly SuPf!r Comr,ii, Ltd.

1

~Jtalhwcslmeat Pilla f~r FY_2ll15-16.

Ddcripdoa

. ·-·· 1·-----·-- _· --- Qty ..

:C•pacity Enh;u,cemmt/Consliuction of33il I kV SuMtatlons

Repltroem.:nl ufD...nlll!..i 33kV S1nkots .... Replacemenl ofDamsged 11 kV lnoomintefOutgoing/Bus-Coup~s with 8reakm

2Nos

ION~

lru;tallation of 2S0 K VA and 400 KVA tr:instbnncr.s )0 KVA; 64 • 2SI

Ca1><1cit) en""'1oemen1 of dislribu1ion transfonners from 2$01<:V A ;lo400KVA Installation of Aerial Hunch Conductor

'Rcplace1t1<nt of Old Conductors

•Replncemenl of Old Poles ;Jl;<pl~•m_cnt of 33.k.V Lino

;C-Onslnllllionof3l KV Ovcmcad Line

;Consll'IKlion of33 .kV underground line

34 Nos

2SO Kms

19Kms

770Nos I 1.4S kms

4km,

IOKms IHms ;conslruction of 1.1 kV 0-.hc,,d line ·-··- ·--·.

: Replacement of 11 K v cables/und•rground cables 'Plinth works and Fencing Works of 'f'ranstbrmers

.QUllfdingof33kV and llkV SIS

i Rq,lacement & lnsuillation of Mccers ;1nsiallalion of3 phase mctors !Ch«ki.n_g_of_~eters ·­)Investment on tbc new Online Billing Centers and undor l!IOUrtd

cable work '.1ai L ,. Meters ;iiii tir MMs : Purchose and lttstallation of l..P.R , ln.v~!ff.!•nt on .. tho now Online !lilting, Cenlers ,syuem Improvement :.D.':pooit Wollts Tot1I

.. -

' I . -1

27.S Kms 140 Nos

20 l<ms

42000 Nos

.)J.09. Ni>.s. .SOOOONos

5No,

IOOONos 171 Nos 1500 N05

5Nos NA NA

Loa as J

0.28

0.09

0.12

0.94

0.31

4.29

0.29

0.31 1.53

0.29

2.64 0.47 1.24 0.30

0.11

I.SO 0.50 o.so

122.15

o.so 0.36 O,IU O.IO 0.82 0,00

139.16

Additional l'orm c,pil!ll El(>tadlture

Eqplly/ Deposit

lnteni•I Wem T9tal Accr,n.,11

0.12 0.40

0.04 0.12

0.05 0.18

0.40 1.34

0.13 0.45

1.84 6.13

11.ll 0.42

11.13 (1,4,,1

11.66 2.18

0.13 0.42

1.13 3.77 0.20 0.68 O.S3 1.77 0.13 0.43

0.05 O.IS

0.64 2.IS 0.22 CJ.72 0.21 0.72

52JS 0.110

0.21 174.50 O.IS 0.52 0.04 0.14 0.04 0.14 0.35 1.18 11.00 4.44 4.44

S9.90 4.44 104,09

:.:~. •~{:,'.-~ .:, ::;:022T:J.; ··:·.l

Detail B•lan~ 31 IAvcstmenb Cap interest C•p expe115es ToGFA DepreeiatiOll

Balance Mar-l4 31-Mar-tS

,n ,.,, 13\ (4) {SI 16\ /TI

Cross Find AJseb 616.0 20.1 . 7.84% 636.l Deore<:iatioo 49.l Work in Pn>2ress 44.1 12.1 I. I 0.0 32.8 24.6

. " ?'}.i~ GJ?~e:...•--

.-·~ ~ ~g,:,11

,> ~~..,u~,)

~.,.,Y,~. ~· -

Bala ace h1vest-1nents Cap latenst 31-Mar,.JS

De«ail

rn (2) {Jl 63§.1 IIL2 -

!__es~ 24.lil 204.11 19.ol

Cap eipeDsell ToGFA Depreciadoa

(4) 15} (6)

7.84%

9.ol 111.il I .

~ ._c,;;,t77 <2 e ,,-.>

.---, .. ·"·, ' ;f-"' ~ ..>~\'· ,-:·

1 •• ,...,."~ ~lt-'-~,1

-:rel ~~-1~ . .. ,,_,.,. ~ . . . \, T'I. ({)r'"3"

Bal.nu 31-Mar-16

{71

747.3!

l•Ui 166.81

•

Detail Balance

31-M»l'-16

l 74729i

16~

l11vest-.111e11u

i; 160.921

204.3

Cap latet'esl IC.p ezpensesl

J~ .. :

!l~J 131

ToGFA Depnclatlo11

~ §] 7.34%]

160.91

,y)ltl~

.~'.-,fr~ <t~ii,:{ -$.i~ ·~: .. :..i'ilf'~' ~-,)

·.:·. -:·, ,,.r ·"'° '4. ..... \ ,·,.:.'

Balan« 31-Mar-17

9118.21 64.91

241.4!

•

-:.~~~:1.-:: .... ~,;:;.r- ·~.l)., .· __ ; fti'M!lo: '¥J

Con,umer CatelOI')' A5-111eat £~tridl)' Tllro11ah Rate Revenae Sales

lb.CT MU R.$.JkWb LMV-1: Domestic Llgbt, Fan & Power 859.36 t,5?0.39 S.6S LMV-l: Non Domestic Lieht, Fan & Power 203.!8 119.67 9.27 LMV-.l; Public Lamps 50.82 60.99 8.33 LMV-4; l11sitations 39.61 Sl,59 7.53 LMV-S: Priv•te Tube Welb . . . LMV 6: Small aad Medium Power 212.Sl 269.56 7.88

LMV-7: Public Waler Works 34.91 42.21 8.27

LMV-8: State Tubewclls & Pumped Canals . . . LMV-9: Tempor,,ry Supply . . . LMV-10: Dtptt. Empt. & Pensioners 3.Sl 17.10 2.06 HV-1: Non-Industrial Bulk Load 120.61 141.69 8.SI HV-2: Large & .Heavy Power 347.32 444.'15 7.81 HV-J: Railway Traction . . . HV-4: Lin 1rription Works . . .

Sub Total 1,872.lJ 2,768.95 6.76 Bulk & Extra State . . .

Total 1,872.23 2,768.95 6.76

••

Assessment Eledriclly Through Rate Rffe11ue S.lcs

lb.Cr MU RsJkWb LMV-1: Domestic Ligbl, Faq & Power l,07l.J7 1,938.70 5.53 LMV-2; Non Domestic Llghi, f'a11 & Power 198.Sl 221.62 8.96 LMV-3: Publle Lamps S0.81 60.99 8.33 LMV .... : lnsltutloos 48.50 6S.29 7.43 LMV-5: Private Tube Wells

LMV 6: Small aod M•dium Power 257.31 334.17 '1.10 LMV-7: Public Water Works 35.25 42.63 8.27 LMV-8: State Tubewells & Pumped Caitals

LMV-9: Temporary Supply

LMV-10: Deptt. EmpL & Pensioners 3.51 18.81 1.87 HV-1: Non-lnduslrlal Bulk Load 122.59 143.99 8.51 HV-2. Large & Heavy Power 3S3.14 4S2.16 7.81 HV-J: Railway Tntt'tlon

HV-4: Lift Irrigation Works

Sub Total 2,142.03 3,278.36 6.53 Bulk&. Extra Stare

AGllA~ • . . '., ·2,J42.03 3,178.36 6.!J