Petition Nos. 742 of 2011 BEFORE THE UTTAR PRADESH … · 2015-06-03 · Page 1 of 96 Petition Nos....
Transcript of Petition Nos. 742 of 2011 BEFORE THE UTTAR PRADESH … · 2015-06-03 · Page 1 of 96 Petition Nos....
Page 1 of 96
Petition Nos. 742 of 2011
BEFORE
THE UTTAR PRADESH ELECTRICITY REGULATORY COMMISSION
LUCKNOW
Date of Hearing :26.09.2011 Date of Order : 20.03.2012
PRESENT:
1. Hon’ble Shri Rajesh Awasthi, Chairman
2. Hon’ble Shri Shree Ram, Member
3. Hon’ble Smt. Meenakshi Singh, Member
IN THE MATTER OF:
Review of Multi Year Tariff (MYT) order dated 20.01.2011
BETWEEN
UP Rajya Vidyut Utpadan Nigam Limited (UPRVUNL),
14th Floor, Shakti Bhawan Ext.,
14, Ashok Marg, Lucknow
---------------Petitioner
AND
1. The Chairman and Managing Director, U.P. Power Corporation Ltd., 7th Floor, Shakti
Bhawan,14, Ashok Marg, Lucknow
Page 2 of 96
2. The Managing Director, Purvanchal Vidyut Vitran Nigam Ltd.,132KV Substation,
Bhikharipur, Vidyut Nagar,Varanasi.
3. The Managing Director, Paschimanchal Vidyut Vitran Nigam Ltd., Victoria Park Meerut.
4. The Managing Director, Madhyanchal Vidyut Vitran Nigam Ltd., Prag Narain Road,
Lucknow.
5. The Managing Director, Dakchinanchal Vidyut Vitran Nigam Ltd., Gailana Road, Agra.
6. The Managing Director, KESCO, Kesa House, Kanpur
7. The CEO, Noida Power Company Limited, H Block, Alpha II, Greater Noida.
---------------Respondent(s)
The following were present:
1. Sri Ramesh Chandra, CE (Comm.), UPRVUNL
2. Sri S. P. Chubey, SE (Comm.), UPRVUNL
3. Sri H. Aslam, EE (Comm.), UPRVUNL
4. Sri. Jayant Verma, EE, UPPCL
5. Sri A.N. Ghosh, Consultant, UPPCL
6. Sri Bhusan Rastogi, Consultant, UPRVUNL
7. Sri Samrjeet Mohanty, NPCL
8. Sri Manoj Jain, NPCL
Page 3 of 96
Order
1. Multi Year Tariff (MYT) and Annual Revenue Requirement (ARR) for Anpara ‘A’,
Anpara ‘B’, Obra ‘A’, Obra ‘B’, Panki, Harduaganj, Parichha, Parichha Extension,
Harduaganj Extension and Parichha Extension Stage-II Thermal Power Stations of
U. P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) for F.Y. 2009-10 to 2013-
14 was approved by the Commission vide order dated 20.01.2011. UPRVUNL,
through this petition, has sought review of said order on following points:
1. Rescheduling of additional capitalization of approved R&M schemes and
relaxation of Norms of Operation due to poor contract execution.
2. Cascading effect on additional capitalization of R&M Schemes due to
consideration of depreciation as deemed loan repayment.
3. Reduction of allowable debt of Obra ‘B’.
4. Re-computation of Interest of Working Capital
5. Finance and Bank Charges.
2. In its reply dated 23.5.2011, UPPCL has submitted that any relaxation for poor
contract execution by way of relaxation in norms of operation may not be permitted
by the Hon’ble Commission as the responsibility of contract execution within due
time frame primarily lie with the UPRVUNL only. However, they have suggested
that in case the additional capitalization is allowed then the relaxed norms must not
be allowed. Regarding consideration of depreciation as deemed loan repayment,
UPPCL has submitted that actually UPRVUNL has been over compensated on
account of allowed depreciation hence no review is permissible. On reduction of
allowable debt and re-computation of Interest of Working Capital, UPPCL has not
made any comments but on the issue of Finance and Bank Charges they have
rejected the UPRVUNL’s claim. UPRVUNL has countered the UPPCL submissions
in writing dated 23.7.2011. They have stated that the delay in project execution by
Page 4 of 96
M/s BHEL was not within their control so the Hon’ble Commission may consider
their prayer. On other issues, they have further stressed upon acceptance of their
claims. An additional submission was also filed by UPRVUNL on 22.9.2011
containing the details in respect of four power stations namely, Anpara ‘B’, Obra
‘A’, Obra ‘B’ and Harduaganj Thermal Power Stations. During the hearing
UPRVUNL and UPPCL recapped the issues detailed in their written submissions.
3. Hearing both the parties, the Commission has considered that the delay in contract
execution by M/s BHEL cannot be ascribed to UPRVUNL as it was an
uncontrollable factor. However, it is also inclined to consider that no additional
burden should be attributed to UPPCL who is not a party to execution of the work
contract. In this reference, the Commission, in its tariff order dated 20.1.2011, has
observed that:
“The capitalization of the approved R & M schemes would be allowed
alongwith the improved operating parameters for the MYT period under
consideration. UPRVUNL shall submit the details of completion of R & M works
alongwith audited accounts to the Commission. Any over and under recovery
due to early commissioning or delay in commissioning shall be adjusted with the
retrospective effect alongwith the simple rate of interest calculated at rate equal
to short term prime lending rate of SBI prevailing as on 1st April of the relevant
year.”
4. Therfore, in view of above citing, the Commission considers UPRVUNL’s request
for withdrawl or rescheduling of its additional capitalization for approved R&M
schemes. The revised scheme has been submitted by the petitioner in the form of
additional submission for Anpara ‘B’, Obra ‘A’, Obra ‘B’ and Harduaganj Thermal
Power Stations. Hence, the Commission decides to revise additional capitalization
as per UPRVUNL’s submission. The norms of operations shall remain as provided
in the UPERC (Terms & Conditions of Generation Tariff) Regulations, 2009.
Page 5 of 96
5. While determining Multi Year Tariff for UPRVUNL, the Commission had considered
old loans and new loans on R&M schemes of the plant together for the purpose of
calculation of depreciation. UPRVUNL has prayed that both loans may be
considered separately as it has a negative cascading effect on the debt servicing
of their R&M schemes. The Commission decides to consider the same
accordingly. While carrying out revision of tariff exercise, the difference in amount
of interest on working capital due to different calculation methodologies is also
being rectified. As far as finance and bank charges are concerned, the
Commission does not find it appropriate to consider them separately.
6. In the mean while, the Commission has decided UPRVUNL’s true up petion No.
725 of 2011 for additional capitalization of FY 2008-09 vide order dated 05.03.2012
which has changed the GFA structure of UPRVUNL as on 31.3.2009. Following
tables show the GFA on 31.3.2009 as approved by the Commission vide MYT
order dated 20.1.2011 and vide trueup order dated 05.03.2012. The GFA approved
vide trueup order dated 05.03.2012 shall be taken up for determination of revised
tariff.
As approved by the Commission vide MYT order dated 20.1.2011
F.Y. Anpara'
A' Anpara
'B' Obra
'A' Obra ‘B’
Panki Harduaganj Parichha Total
Equity 229.32 1273.80 42.85 114.30 43.51 79.04 57.22 1840.04
Debts 85.59 342.83 131.38 84.94 39.25 24.21 35.74 743.94
NFA 314.91 1616.63 174.23 199.24 82.76 103.25 92.96 2583.98
Cum. Dep. 494.50 3104.12 108.94 285.38 82.46 162.42 130.68 4368.50
GFA 809.41 4720.75 283.17 484.62 165.22 265.67 223.64 6952.48
F.Y. Parichha Extension
Equity 341.05
Debts 1234.13
Net FA 1575.18
Cum. Dep. 135.09
G.F.A. 1710.27
Page 6 of 96
As approved by the Commission vide true-up order dated 05.03.2012
F.Y. Anpara'
A' Anpara
'B' Obra
'A' Obra ‘B’
Panki Harduaganj Parichha Total
Equity 219.53 1278.96 75.47 124.88 38.80 82.14 54.16 1873.94
Debts 98.27 342.57 67.74 71.53 45.92 43.97 37.83 707.83
NFA 317.80 1621.53 143.21 196.41 84.72 126.11 91.99 2581.77
Cum. Dep.
494.96 3107.44 108.35 288.15 82.49 163.09 130.47 4374.95
GFA 812.76 4728.97 251.56 484.56 167.21 289.20 222.46 6956.72
F.Y. Parichha Extension
Equity 343.20
Debts 1230.67
Net FA 1573.87
Cum. Dep. 135.94
G.F.A. 1709.81
Page 7 of 96
7. APPROVED (REVISED) MULTI YEAR TARIFF AND ARR
Generating station wise approved (Revised) MYT and ARR for F.Y. 2009-10
to 2013-14 shall be as detailed in following sections.
Section -1 Anpara ‘A’
Section -2 Anpara ‘B’
Section -3 Obra ‘A’
Section -4 Obra ‘B’
Section -5 Panki
Section -6 Harduaganj
Section -7 Parichha
Section -8 Parichha Extension
Section -9 Harduaganj Extension
Section -10 Parichha Extension Stage-II
Page 8 of 96
Section -1
Multi Year Tariff
for
Anpara ‘A’
Thermal Power Station
for
FY 2009-10 to 2013-14
Page 9 of 96
7.1.1 ARR and MYT as determined by the Commission vide order dated January 20, 2011.
Table 7.1.1
7.1.2 ARR and MYT as determined by the Commission as a result of Review
7.1.2.1 Capacity (Fixed) Charges
(a) Provisions under Regulations :
Table 7.1.2
Components of Fixed Charge Value Remark
Return on equity 15.5% As per the Regulations
Interest on Loans 10.91% Weighted average of interest on loans for FY 2009-10 & FY 2010-11 as per form 13 of ARR
O & M Expenses Normative As per the Regulations
Compensation Allowance Rs. 0.65 lacs /MW As per the Regulations
Advance Against Depreciation
Zero As per the Regulations
Interest on working capital 12.25 % As per the Regulations
(b) Gross Fixed Assets (GFA) and its Components
Table 7.1.3
Calculation of GFA & NFA including financing
Anpara 'A' Power Station 2009-10 2010-11 2011-12 2012-13 2013-14
Ope. GFA 812.76 813.36 813.36 813.36 813.36
Anpara A 2009-10 2010-11 2011-12 2012-13 2013-14
Energy Sent out (MU) 4040 4040 4040 4040 4040
Fixed Charges (Rs./Unit) 0.53 0.54 0.55 0.57 0.59
Variable Charges (Rs./Unit) 1.09 1.15 1.20 1.26 1.33
Total Charges (Rs./Unit) 1.62 1.68 1.75 1.84 1.92
ARR (Rs. in Cr.) 653.98 680.53 708.64 741.60 776.21
Page 10 of 96
Additions 0.60 0.00 0.00 0.00 0.00
Clo. GFA 813.36 813.36 813.36 813.36 813.36
Cl. Net FA 289.53 260.66 231.79 202.92 174.05
Financing:
Op. Equity 219.53 219.53 219.53 219.53 219.53
Additions 0.00 0.00 0.00 0.00 0.00 Cl. Equity 219.53 219.53 219.53 219.53 219.53
Open. Accu Dep. 494.96 523.83 552.70 581.57 610.44
Dep. during the year 28.87 28.87 28.87 28.87 28.87
Cl. Accu. Dep. 523.83 552.70 581.57 610.44 639.31
Opening Debts 98.27 70.00 41.13 12.26 0.00
Additions 0.60 0.00 0.00 0.00 0.00
Less: Dep. 28.87 28.87 28.87 12.26 0.00
Cl. Debts 70.00 41.13 12.26 0.00 0.00
(c) RoE, Depreciation, O&M and Interest on Loans
Table 7.1.4
Details of RoE, Depreciation and Interest on Loans
Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14
1 Return on equity 34.03 34.03 34.03 34.03 34.03
2 Depreciation 28.87 28.87 28.87 28.87 28.87
3 Interest on Loans 9.18 6.06 2.91 0.67 0.00
4 O & M Expenses 114.66 121.21 128.14 135.51 143.26
5 Com. Allowance 4.10 4.10 4.10 4.10 4.10
Total: 190.84 194.27 198.05 203.18 210.26
(d) Interest on Working Capital:
Table 7.1.5
Annual Receivables of Anpara ‘A’ Power Station required for calculation of Working Capital:
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Annual Capacity [Fixed] Charges
190.84 194.27 198.05 203.18 210.26
Cost of Fuel 440.86 462.90 486.05 510.35 535.87
Interest on Working Capital 24.30 25.42 26.60 27.86 29.23
Total Receivables 656.00 682.59 710.70 741.39 775.36
Page 11 of 96
Table 7.1.6
Working Capital and Interest thereon as determined by the commission
Sl.No. Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
1 Cost of Coal for 1 and ½ month* 50.73 53.27 55.93 58.73 61.66
2 Cost of Secondary Fuel Oil for 2 months* 5.84 6.13 6.43 6.76 7.09
3 Operation & Maintenance for 1 month 9.56 10.10 10.68 11.29 11.94
4 Maintenance Spares @20% O & M Exp. 22.93 24.24 25.63 27.10 28.65
5
Receivables equivalent to 2 months of fixed charges for sale of electricity 109.33 113.77 118.45 123.56 129.23
6 Total Working Capital 198.39 207.50 217.12 227.44 238.57
7 Rate of Interest 12.25 12.25 12.25 12.25 12.25
8 Interest on Working Capital 24.30 25.42 26.60 27.86 29.23 * The cost of fuel has been taken from Table 7.1.10
Table 7.1.7 IWC duing the Contrrol Period as claimed by UPRVUNL :
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Working Capital 188.82 198.09 207.49 225.47 247.72
Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%
I W C 23.13 24.27 25.42 27.62 30.35
(e) Capacity (Fixed) Charge per unit of Generation
Table 7.1.8
Fixed Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commission on Review
Diff (if any)
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commission on Review
Diff (if any)
Interest on Loan 6.26 9.18 2.92 3.12 6.06 2.94
Depreciation 28.78 28.87 0.09 28.78 28.87 0.09
Advance against Depreciation
0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 35.54 34.03 -1.51 35.54 34.03 -1.51
O & M Expenses 114.66 114.66 0.00 121.21 121.21 0.00
Compensation Allowance
4.10 4.10 0.00 4.10 4.10 0.00
Interest on Working Capital
23.78 24.30 0.52 24.87 25.42 0.55
Page 12 of 96
Particulars
FY 10 FY 11
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commission on Review
Diff (if any)
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commission on Review
Diff (if any)
Total : 213.12 215.14 2.02 217.62 219.69 2.07
Ex-bus Energy Sent Out (kwh)
4040.00 4040.00 0.00 4040.00 4040.00 0.00
Fixed Cost per Unit 0.53 0.53 0.00 0.54 0.54 0.01
Particulars
FY 12 FY 13
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commissio
n on Review
Diff (if any)
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commission on Review
Diff (if any)
Interest on Loan 0.00 2.91 2.91 0.00 0.67 0.67
Depreciation 28.78 28.87 0.09 28.78 28.87 0.09
Advance against Depreciation
0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 35.54 34.03 -1.51 35.54 34.03 -1.51
O & M Expenses 128.14 128.14 0.00 135.51 135.51 0.00
Compensation Allowance
4.10 4.10 0.00 4.10 4.10 0.00
Interest on Working Capital
26.02 26.60 0.58 27.31 27.86 0.55
Total : 222.58 224.65 2.07 231.24 231.04 -0.20
Ex-bus Energy Sent Out (kwh)
4040.00 4040.00 0.00 4040.00 4040.00 0.00
Fixed Cost per Unit 0.55 0.56 0.01 0.57 0.57 0.00
Particulars
FY 14 As approved by the Commission vide Tariff Order
dt.20.01.11
As determined by the
Commission Diff. (if any)
Interest on Loan 0.00 0.00 0.00
Depreciation 28.78 28.87 0.09
Advance against Depreciation 0.00 0.00 0.00
Return on Equity 35.54 34.03 -1.51
O & M Expenses 143.26 143.26 0.00
Compensation Allowance 4.10 4.10 0.00
Interest on Working Capital 28.66 29.23 0.57
Total : 240.34 239.48 -0.86
Ex-bus Energy Sent Out (kwh) 4040.00 4040.00 0.00 Fixed Cost per Unit 0.59 0.59 0.00
Page 13 of 96
7.2.1.1 Variable Charges:
(a) Weighted Average Cost and Gross Calorific Value of Coal and Oil
Table 7.1.9 Weighted Average Cost and Gross Calorific Value of Coal and Oil
for F.Y. 2009-10.
Month
Weighted Average of
Landed Cost of Oil
Weighted Average of
Gross Calorific value of Oil
Weighted Average of
Landed Cost of Coal
Weighted Average of
Gross Calorific value of Coal
(Rs./kl) KCAL/Ltr. (Rs./mt) (Rs.KCAL/KGl)
April' 2009 32250.39 10500.00 1091.48 3246.00
May' 2009 32250.39 10500.00 1031.61 3185.00
June’ 2009 39493.66 10776.00 1113.10 3145.00
July’ 2009 40004.37 10735.00 1086.21 3008.00
Aug’ 2009 40004.37 10735.00 1009.86 3029.00
Sept’ 2009 42315.94 10585.00 1040.86 2882.00
Oct’ 2009 40428.44 10570.00 1085.45 2915.00
Nov’ 2009 40428.44 10570.00 1110.56 2913.00
Dec’ 2009 42161.23 10776.00 1202.38 3007.00
Jan’ 2010 42161.23 10776.00 1231.55 2964.00
Feb’ 2010 42161.23 10776.00 1215.04 2910.00
Mar’ 2010 42161.23 10776.00 1198.84 2977.00
Total: 475820.92 128075.00 13416.94 36181.00 Monthly
Weighted Avg. 39651.74 10672.92 1118.08 3015.08
(b) Variable charge per unit of Generation:
Table 7.1.10 Variable charge per unit of generation for Anpara ‘A’ Power Station
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Capacity MW 630 630 630 630 630
Availability Factor % 80 80 80 80 80
Plant Load Factor (PLF) % 80 80 80 80 80
Gross Station Heat Rate Kcal/kWh 2500 2500 2500 2500 2500
Auxiliary Energy Consumption % 8.5 8.5 8.5 8.5 8.5
Gross Generation MU 4415 4415 4415 4415 4415
Auxiliary Energy Consumption MU 375 375 375 375 375
Ex-bus Energy Sent Out MU 4040 4040 4040 4040 4040
Specific Oil Consumption ml/Kwh 2 2 2 2 2
Weighted Average (GCV) of Oil KCal/Lt. 10673 10673 10673 10673 10673
Price of Oil Rs./KL 39652 41635 43716 45902 48197
Weighted Average (GCV) of KCal/kg. 3015 3015 3015 3015 3015
Page 14 of 96
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Coal
Price of Coal Rs./Mt. 1118 1174 1233 1294 1359
Heat Contribution from SFO Kcal/Kwh 21 21 21 21 21
Total Oil Consumption KL 8830 8830 8830 8830 8830
Heat Contribution from Coal Kcal/kWh 2479 2479 2479 2479 2479
Specific Coal Consumption Kg/Kwh 0.82 0.82 0.82 0.82 0.82
Coal Consumption MMT 3.630 3.630 3.630 3.630 3.630
Total Cost of Oil @ Rs. Rs. in Cr. 35.01 36.76 38.60 40.53 42.56
Total Cost of Coal @ Rs. Rs. in Cr. 405.85 426.14 447.45 469.82 493.31
Total Cost of Fuel (Oil & Coal) Rs. in Cr. 440.86 462.90 486.05 510.35 535.87
Rate of Energy Charges from secondary Fuel Oil Ex-bus Paise/Kwh 8.67 9.10 9.55 10.03 10.53
Rate of Energy Charges from Coal Ex-bus Paise/Kwh 100.46 105.48 110.75 116.29 122.11
Rate of Energy Charges Ex-bus per Kwh Paise/Kwh 109.12 114.58 120.31 126.32 132.64
(c) Adjustment of Rate of Energy Charge on Account of Variation in price or Heat Value of Fuels:
As per UPERC MYT Order dated January 20, 2011
7.1.2.2 Total Charges (Cost):
Table 7.1.11
Total Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commissio
n on Review
Diff. (if any)
As approved by
the Commission
vide Tariff Order
dt.20.01.11
As determined
by the Commission on Review
Diff. (if
any)
Interest on Loan 6.26 9.18 2.92 3.12 6.06 2.94
Depreciation 28.78 28.87 0.09 28.78 28.87 0.09
A A D 0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 35.54 34.03 -1.51 35.54 34.03 -1.51
O & M Expenses 114.66 114.66 0.00 121.21 121.21 0.00
Com. Allowance 4.10 4.10 0.00 4.10 4.10 0.00
I W C 23.78 24.30 0.52 24.87 25.42 0.55
Fixed Cost (Rs. in Crs.) 213.12 215.14 2.02 217.63 219.69 2.07
F. C. per Unit (In Paise) 53 53 0 54 54 1
V. C. on Fuel (Rs. in Crs.) 440.86 440.86 0.00 462.90 462.90 0.00
Page 15 of 96
Particulars
FY 10 FY 11
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commissio
n on Review
Diff. (if any)
As approved by
the Commission
vide Tariff Order
dt.20.01.11
As determined
by the Commission on Review
Diff. (if
any)
V. C. per Unit (In paise) 109 109 0 115 115 0
Total Cost (Rs. in Crs.) 653.98 656.00 2.02 680.53 682.59 2.07
Ex-bus Energy Sent Out (MU)
4040.00 4040.00 0.00 4040.00 4040.00 0.00
Total Cost per Unit (In Paise) 162 162 0 168 169 1
Particulars
FY 12 FY 13
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commission on Review
Diff. (if
any)
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commission on Review
Diff. (if
any)
Interest on Loan 0.00 2.91 2.91 0.00 0.67 0.67
Depreciation 28.78 28.87 0.09 28.78 28.87 0.09
A A D 0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 35.54 34.03 -1.51 35.54 34.03 -1.51
O & M Expenses 128.14 128.14 0.00 135.51 135.51 0.00
Com. Allowance 4.10 4.10 0.00 4.10 4.10 0.00
I W C 26.02 26.60 0.58 27.31 27.86 0.55
Fixed Cost (Rs. in Crs.) 222.59 224.65 2.07 231.25 231.04 -0.20
F. C. per Unit (In Paise) 55 56 1 57 57 0
V. C. on Fuel (Rs. in Crs.) 486.05 486.05 0.00 510.35 510.35 0.00
V. C. per Unit (In paise) 120 120 0 126 126 0
Total Cost (Rs. in Crs.) 708.64 710.70 2.07 741.60 741.39 -0.20
Ex-bus Energy Sent Out (MU)
4040.00 4040.00 0.00 4040.00 4040.00 0.00
Total Cost per Unit (In Paise) 175 176 1 184 184 0
Particulars
FY 14
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 0.00 0.00 0.00
Depreciation 28.78 28.87 0.09
A A D 0.00 0.00 0.00
Return on Equity 35.54 34.03 -1.51
O & M Expenses 143.26 143.26 0.00
Page 16 of 96
Particulars
FY 14
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commission on Review
Diff. (if any)
Com. Allowance 4.10 4.10 0.00
I W C 28.66 29.23 0.57
Fixed Cost (Rs. in Crs.) 240.34 239.48 -0.86
F. C. per Unit (In Paise) 59 59 0
V. C. on Fuel (Rs. in Crs.) 535.87 535.87 0.00
V. C. per Unit (In paise) 133 133 0
Total Cost (Rs. in Crs.) 776.21 775.35 -0.86
Ex-bus Energy Sent Out (MU) 4040.00 4040.00 0.00 Total Cost per Unit (In Paise) 192 192 0
Page 17 of 96
Section - 2
Multi Year Tariff
for
Anpara ‘B’
Thermal Power Station
for
FY 2009-10 to 2013-14
Page 18 of 96
7.2.1 ARR and MYT as determined by the Commission vide order dated January 20, 2011.
Table 7.2.1
Anpara ‘B’ 2009-10 2010-11 2011-12 2012-13 2013-14
Energy Sent out (MU) 6517.44 5431.20 6517.44 6517.44 6517.44
Fixed Charges (Rs./Unit) 0.86 1.22 1.16 1.18 1.18
Variable Charges (Rs./Unit) 1.12 1.17 1.23 1.29 1.30
Total Charges (Rs./Unit) 1.98 2.40 2.23 2.27 2.32
ARR (Rs. in Cr.) 1291.17 1301.82 1455.42 1479.48 1512.56
7.2.2 ARR and MYT as determined by the Commission as a result of Review
7.2.2.1 Capacity (Fixed) Charges
(a) Provisions under Regulations :
Table 7.2.2
Components of Fixed Charge Value Remark
Return on equity 15.5% As per the Regulations
Interest on Loans 13.28% Weighted average of interest on loans for FY 2009-10 & FY 2010-11 as per form 13 of ARR
O & M Expenses Normative As per the Regulations
Compensation Allowance Rs. 0.65 lacs /MW As per the Regulations
Advance Against Depreciation
Zero As per the Regulations
Interest on working capital 12.25 % As per the Regulations
(b) R & M of Plant
Anpara ‘B’ Power Station (2 x 500 MW) is more than 15 years old for which a
comprehensive Refurbishment Scheme involving expenditure of Rs 691.97 Crs
has been approved by the Commission vide order dated 8.12.09. Initially the
schedule of completion was March’ 2011 which was allowed by the Commission
Page 19 of 96
vide tariff order dated January 20, 2011. The UPRVUNL has, however, revised
completion schedule as per review petition and the date of completion of R&M
works at Anpara ‘B’ Power Station has now been proposed as 29.02.2012.
Accordingly the ARR and Tariff is being revised as per review petition.
(c) Gross Fixed Assets (GFA) and its Components
Table 7.2.3
Calculation of GFA & NFA including financing
ANPARA 'B' Power Station
2009-10 2010-11 2011-12 2012-13 2013-14
Op. GFA 4728.97 4729.85 4729.85 5421.82 5421.82
Additions 0.88 0.00 691.97 0.00 0.00
Clo. GFA 4729.85 4729.85 5421.82 5421.82 5421.82
Cl. Net FA 1453.21 1284.02 1781.90 1568.38 1343.82
Financing:
Op. Equity 1278.96 1278.96 1278.96 1417.35 1417.35
Additions 0.00 0.00 138.39 0.00 0.00
Cl. Equity 1278.96 1278.96 1417.35 1417.35 1417.35
Open. Accu Dep. 3107.44 3276.64 3445.83 3639.92 3853.44
Dep. during the year 169.20 169.20 194.09 194.09 194.09
A. A. D. 0.00 0.00 0.00 19.42 30.47
Cl. Accu. Dep. 3276.64 3445.83 3639.92 3853.44 4078.00
Op. Debts 342.57 174.55 5.65 539.74 484.38
Additions 0.88 0.00 553.58 0.00 0.00
Less: Dep. 169.20 169.20 29.95 44.31 55.36
Cl. Debts 174.25 5.06 528.69 484.38 429.02
(d) RoE, Depreciation and Interest on Loans Table 7.2.4
Details of RoE, Depreciation, Advance against Depreciation, Interest on Loans,
O & M Expenses and Com. Allowance
Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14
1 Return on equity 198.24 198.24 219.69 219.69 219.69
Page 20 of 96
Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14
2 Depreciation 169.20 169.20 194.09 194.09 194.09
3 A. A. D. 0.00 0.00 11.76 30.46 30.46
4 Interest on Debts 34.32 11.91 6.22 67.27 60.65
5 O & M Expenses 130.00 137.40 145.30 153.60 162.40
6 Com. Allowance 2.50 3.50 3.50 3.50 3.50
Total: 534.25 520.24 580.56 668.61 670.79
Table 7.2.4 (a)
Calculation of Advance Against Depreciation
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
1/10 of Loans 0.00 0.00 55.36 55.36 55.36
Repayments of Loans 0.00 0.00 13.84 55.36 55.36
Minimum of the above 0.00 0.00 13.84 55.36 55.36
Less: Dep. during the year 0.00 0.00 24.89 24.89 24.89
(A) 0.00 0.00 -11.05 30.47 30.47
Cumul. Repayment of Loans 0.00 0.00 13.84 69.20 124.56
Less: Cumul. Depreciation 0.00 0.00 24.89 49.78 74.67
(B) 0.00 0.00 -11.05 19.42 49.89
Advance agnst. Dep. (Min. of A & B) 0.00 0.00 0.00 19.42 30.47
(e) Interest on Working Capital:
Table 7.2.5
Annual Receivables of Anpara ‘B’ Power Station required for Calculation of Working Capital:
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Annual Capacity [Fixed] Charges 534.25 520.24 580.56 668.61 670.79
Cost of Fuel 727.67 764.06 668.55 842.37 884.49
Interest on Working Capital 42.57 43.88 41.90 50.44 52.35
Total Receivables 1304.49 1328.18 1291.01 1561.42 1607.63
Table 7.2.6 Working Capital and Interest thereon as determined by the commission
Sl.No. Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
1 Cost of Coal for 1 and ½ month*
84.01 88.21 77.19 97.25 102.12
2 Cost of Secondary Fuel Oil for 2 months*
9.26 9.73 8.51 10.72 11.26
Page 21 of 96
Sl.No. Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
3 Operation & Maintenance for 1 month
10.83 11.45 12.11 12.80 13.53
4 Maintenance Spares @20% O & M Exp.
26.00 27.48 29.06 30.72 32.48
5
Receivables equivalent to 2 months of fixed charges for sale of electricity
217.37 221.32 207.89 260.31 267.89
6 Total Working Capital 347.48 358.19 334.75 411.81 427.28
7 Rate of Interest 12.25 12.25 12.25 12.25 12.25
8 Interest on Working Capital 42.57 43.88 41.01 50.45 52.34 * The cost of fuel has been taken from Table 7.2.10
Table 7.2.7 IWC duing the Contrrol Period as claimed by UPRVUNL :
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Working Capital 363.53 358.32 383.42 399.26 413.27
Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%
I W C 41.23 43.89 46.97 48.91 50.63
(f) Capacity (Fixed) Charges per unit of Generation
Table 7.2.8
Fixed Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 23.22 34.32 11.10 70.92 11.91 -59.01
Depreciation 168.89 169.20 0.31 193.79 169.20 -24.59
Advance against Depreciation
0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 197.44 198.24 0.80 218.98 198.24 -20.74
O & M Expenses 130.00 130.00 0.00 137.40 137.40 0.00
Compensation Allowance
2.50 2.50 0.00 3.50 3.50 0.00
Interest on Working Capital
41.45 42.57 1.12 40.52 43.88 3.36
Total : 563.50 576.82 13.32 665.11 564.12 -100.99
Ex-bus Energy Sent Out (kwh)
6517.00 6517.00 0.00 5431.00 5431.00 0.00
Fixed Cost per Unit 0.86 0.89 0.02 1.22 1.04 -0.19
Page 22 of 96
Particulars
FY 12 FY 13
As approved by the
Commission vide Tariff
Order dt.20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by
the Commission
vide Tariff Order
dt.20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 45.18 0.00 -45.18 19.44 67.27 47.83
Depreciation 193.79 194.09 0.30 193.79 194.09 0.30
Advance against Depreciation 0.00 11.76 11.76 0.00 30.46 30.46
Return on Equity 218.98 219.69 0.71 218.98 219.69 0.71
O & M Expenses 145.30 145.30 0.00 153.60 153.60 0.00
Compensation Allowance 3.50 3.50 0.00 3.50 3.50 0.00
Interest on Working Capital 46.41 41.90 -4.51 47.79 50.44 2.65
Total : 653.16 616.24 -36.92 637.10 719.05 81.95
Ex-bus Energy Sent Out (kwh) 6517.00 6517.00 0.00 6517.00 6517.00 0.00
Fixed Cost per Unit 1.00 0.95 -0.06 0.98 1.10 0.13
Particulars
FY 14
As approved by
the Commission
vide Tariff Order
dt.20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 0.00 60.65 60.65
Depreciation 193.79 194.09 0.30
Advance against Depreciation 0.00 30.46 30.46
Return on Equity 218.98 219.69 0.71
O & M Expenses 162.40 162.40 0.00
Compensation Allowance 3.50 3.50 0.00
Interest on Working Capital 49.40 52.35 2.95 Total : 628.07 723.14 95.07
Ex-bus Energy Sent Out (kwh) 6517.00 6517.00 0.00 Fixed Cost per Unit 0.96 1.11 0.15
7.2.2.2 Variable Charges:
(a) Weighted Average Cost and Gross Calorific Value of Coal and Oil
Page 23 of 96
Table 7.2.9
Weighted Average Cost and Gross Calorific Value of Coal and Oil for F.Y. 2009-10.
Month
Weighted Average of
Landed Cost of Oil
Weighted Average of
Gross Calorific value of Oil
Weighted Average of
Landed Cost of Coal
Weighted Average of
Gross Calorific value of Coal
(Rs./kl) KCAL/Ltr. (Rs./mt) (Rs.KCAL/KG)
April' 2009 32250.39 10500.00 1292.45 3317.00
May' 2009 32250.39 10500.00 1292.64 3222.00
June’ 2009 39493.66 10776.00 1395.06 3442.00
July’ 2009 40004.37 10735.00 1222.52 2964.00
Aug’ 2009 40004.37 10735.00 1239.76 3221.00
Sept’ 2009 42315.94 10585.00 1346.89 3276.00
Oct’ 2009 40428.44 10570.00 1415.74 3323.00
Nov’ 2009 40428.44 10570.00 1208.69 3287.00
Dec’ 2009 42161.23 10776.00 1300.36 3404.00
Jan’ 2010 42161.23 10776.00 1273.51 3342.00
Feb’ 2010 42161.23 10776.00 1237.63 3380.00
Mar’ 2010 42161.23 10776.00 1328.97 3315.00
Total: 475820.92 128075.00 15554.22 39493.00
Monthly Weighted Avg.
39651.74 10672.92 1296.19 3291.08
(b) Variable charge per unit of Generation:
Table 7.2.10 Variable charge per unit of generation for Anpara ‘B’ Power Station
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Capacity MW 1000 1000 1000 MW upto
Oct/11 1000 1000
Capacity MW
500 MW Nov/11 to
Feb/12
1000 MW in
Mar/12
Availability Factor % 80 80 80 80 80
Plant Load Factor (PLF) % 80 80 80 80 80
Gross Station Heat Rate Kcal/kWh 2450 2450 2450 2450 2450
Auxiliary Energy Consumption % 7 7 7 7 7
Gross Generation MU 7008 7008 5840 7008 7008
Auxiliary Energy Consumption MU 491 491 409 491 491
Ex-bus Energy Sent Out MU 6517 6517 5431 6517 6517
Specific Oil Consumption ml/Kwh 2 2 2 2 2
Weighted Average (GCV) of Oil KCal/Lt. 10673 10673 10673 10673 10673
Price of Oil Rs./KL 39652 41635 43716 45902 48197
Weighted Average (GCV) of Coal KCal/kg. 3291 3291 3291 3291 3291
Price of Coal Rs./Mt. 1296 1361 1429 1500 1575
Page 24 of 96
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Heat Contribution from SFO Kcal/Kwh 21 21 21 21 21
Total Oil Consumption KL 14016 14016 11679.95328 14016 14016
Heat Contribution from Coal Kcal/kWh 2429 2429 2429 2429 2429
Specific Coal Consumption Kg/Kwh 0.74 0.74 0.74 0.74 0.74
Coal Consumption MMT 5.19 5.19 4.32 5.19 5.19
Total Cost of Oil @ Rs. Rs. in Cr. 55.58 58.36 51.06 64.34 67.55
Total Cost of Coal @ Rs. Rs. in Cr. 672.10 705.70 617.49 778.03 816.94
Total Cost of Fuel (Oil & Coal) Rs. in Cr. 727.67 764.06 668.55 842.37 884.49
Rate of Energy Charges from secondary Fuel Oil Ex-bus Paise/Kwh 8.53 8.95 9.40 9.87 10.37
Rate of Energy Charges from Coal Ex-bus Paise/Kwh 103.12 108.28 113.69 119.38 125.35
Rate of Energy Charges Ex-bus per Kwh Paise/Kwh 111.65 117.23 123.09 129.25 135.71
(c) Adjustment of Rate of Energy Charge on Account of Variation in price or Heat Value of Fuels:
As per UPERC MYT Order dated January 20, 2011
7.2.2.3 Total Charges (Cost):
Table 7.2.11 Total Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by the
Commission vide Tariff
Order dt:20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff
Order dt:20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 23.22 34.32 11.10 70.92 11.91 -59.01
Depreciation 168.89 169.20 0.31 193.79 169.20 -24.59
A A D 0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 197.44 198.24 0.80 218.98 198.24 -20.74
O & M Expenses 130.00 130.00 0.00 137.40 137.40 0.00
Com. Allowance 2.50 2.50 0.00 3.50 3.50 0.00
I W C 41.45 42.57 1.12 40.52 43.88 3.36
Fixed Cost (Rs. in Crs.)
563.50 576.82 13.32 665.11 564.12 -100.99
F. C. per Unit (In Paise)
86 89 2 122 104 -18
V. C. on Fuel (Rs. in Crs.)
727.67 727.67 0.00 636.71 636.71 0.00
V. C. per Unit (In paise)
112 112 0.00 117 117 0.24
Total Cost (Rs. in Crs.)
1291.17 1304.49 13.32 1301.82 1200.83 -100.99
Page 25 of 96
Particulars
FY 10 FY 11
As approved by the
Commission vide Tariff
Order dt:20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff
Order dt:20.01.11
As determined
by the Commission on Review
Diff. (if any)
Ex-bus Energy Sent Out (kwh)
6517.00 6517.00 0.00 5431.00 5431.00 0.00
Total Cost per Unit (In Paise) 198 200 2 240 221
-19
Particulars
FY 12 FY 13
As approved by the
Commission vide Tariff
Order dt:20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by
the Commission
vide Tariff Order
dt:20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 45.18 0.00 -45.18 19.44 67.27 47.83
Depreciation 193.79 194.09 0.30 193.79 194.09 0.30
A A D 0.00 11.76 11.76 0.00 30.46 30.46
Return on Equity 218.98 219.69 0.71 218.98 219.69 0.71
O & M Expenses 145.30 145.30 0.00 153.60 153.60 0.00
Com. Allowance 3.50 3.50 0.00 3.50 3.50 0.00
I W C 46.41 41.90 -4.51 47.79 50.44 2.65
Fixed Cost (Rs. in Crs.)
653.16 616.24 -36.92 637.10 719.05 81.95
F. C. per Unit (In Paise)
100 95 -6 98 110 13
V. C. on Fuel (Rs. in Crs.)
802.26 802.26 0.00 842.37 842.37 0.00
V. C. per Unit (In paise)
123 123 0.00 129 129 0.00
Total Cost (Rs. in Crs.)
1455.42 1418.50 -36.92 1479.47 1561.42 81.95
Ex-bus Energy Sent Out (kwh)
6517.00 6517.00 0.00 6517.00 6517.00 0.00
Total Cost per Unit (In Paise) 223 218
-6 227 240
13
Particulars
FY 14
As approved by
the Commission
vide Tariff Order
dt:20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 0.00 60.65 60.65
Depreciation 193.79 194.09 0.30
A A D 0.00 30.46 30.46
Return on Equity 218.98 219.69 0.71
Page 26 of 96
Particulars
FY 14
As approved by
the Commission
vide Tariff Order
dt:20.01.11
As determined
by the Commission on Review
Diff. (if any)
O & M Expenses 162.40 162.40 0.00
Com. Allowance 3.50 3.50 0.00
I W C 49.40 52.35 2.95
Fixed Cost (Rs. in Crs.) 628.07 723.14 95.07
F. C. per Unit (In Paise) 96 111 15
V. C. on Fuel (Rs. in Crs.) 884.49 884.49 0.00 V. C. per Unit (In paise) 136 136 0.00 Total Cost (Rs. in Crs.) 1512.56 1607.63 95.07
Ex-bus Energy Sent Out (kwh) 6517.00 6517.00 0.00 Total Cost per Unit (In Paise) 232 247 15
Page 27 of 96
Section - 3
Multi Year Tariff
for
Obra ‘A’
Thermal Power Station
for
FY 2009-10 to 2013-14
Page 28 of 96
7.3.1 ARR and MYT as determined by the Commission vide order dated January 20, 2011.
Table 7.3.1
Obra ‘A’ 2009-10 2010-11 2011-12 2012-13 2013-14
Energy Sent out (MU) 1638.48 1675.72 1323.85 1900.18 1957.11
Fixed Charges (Rs./Unit) 0.94 1.07 1.43 1.04 1.04
Variable Charges (Rs./Unit) 1.60 1.69 1.76 1.77 1.85
Total Charges (Rs./Unit) 2.54 2.76 3.21 2.81 2.89
ARR (Rs. In Cr.) 416.08 407.24 425.58 534.25 565.72
7.3.2 ARR and MYT as determined by the Commission as a result of Review
7.3.2.1 Capacity (Fixed) Charges
(a) Provisions under Regulations :
Table 7.3.2
Components of Fixed Charge Value Remark
Return on equity 15.5% As per the Regulations
Interest on Loans 11.01% Weighted average of interest on loans for FY 2011-12 & FY 2013-14 as per form 13 of ARR
O & M Expenses As per petition
Compensation Allowance Rs. 0.65 lacs /MW As per the Regulations
Advance Against Depreciation
Zero As per the Regulations
Interest on working capital 12.25 % As per the Regulations
(b) R & M of Plant
Obra ‘A’ Power Station (382 MW) is more than 35 years old for which a
comprehensive Refurbishment Scheme involving expenditure of Rs 178.50
Page 29 of 96
Crs. has been approved by the Commission vide order dated 8.12.09. Initially
the schedule of completion was February’ 2012 which was allowed by the
Commission vide tariff order dated January 20, 2011. The UPRVUNL has,
however, revised completion schedule as per review petition and the date of
completion of R&M works at Obra ‘A’ Power Station has now been proposed as
30.06.2012 and the cost of the R&M Works has been reduced from Rs.178.00
crore to Rs.124.60 crore. Accordingly the ARR and Tariff is being revised as
per review petition.
(c) Gross Fixed Assets (GFA) and its Components
Table 7.3.3 Calculation of GFA & NFA including financing
OBRA 'A' Power Station 2009-10 2010-11 2011-12 2012-13 2013-14
Op. GFA 251.56 342.86 342.86 342.86 467.46
Additions 91.30 0.00 0.00 124.60 0.00
Cl. GFA 342.86 342.86 342.86 467.46 467.46
Cl. Net FA 222.24 209.97 197.71 302.56 280.33
Financing:
Op. Equity 75.47 93.73 93.73 93.73 118.65
Additions 18.26 0.00 0.00 24.92 0.00
Cl. Equity 93.73 93.73 93.73 118.65 118.65
Op. Accu Dep. 108.35 120.62 132.89 145.15 164.90
Dep. during the year 12.27 12.27 12.27 16.77 16.77
A. A. D. 0.00 0.00 0.00 2.98 5.47
Cl. Accu. Dep. 120.62 132.89 145.15 164.90 187.13
Op. Debts 67.74 128.51 116.24 103.98 183.91
Additions 73.04 0.00 0.00 99.68 0.00
Less : Dep. 12.27 12.27 12.27 19.75 22.24
Cl. Debts 128.51 116.24 103.98 183.91 161.68
Page 30 of 96
(d) RoE, Depreciation, Advance against Depreciation and Interest on
Loans
Table 7.3.4
Details of RoE, Depreciation, Interest on Loans, O & M and Com. Allowance
Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14
1 Return on Equity 14.53 14.53 14.53 18.39 18.39
2 Depreciation 12.27 12.27 12.27 16.77 16.77
3 A. A. D. 0.00 0.00 0.00 0.00 0.00
4 Interest on Loans 10.80 13.47 12.12 13.11 19.02
5 O & M Expenses 92.61 98.32 104.38 110.83 117.68
6 Com. Allowance 2.48 2.48 2.48 2.48 2.48
Total: 132.69 141.07 145.78 161.57 174.34
Table 7.3.4 (a)
Calculation of Advance Against Depreciation
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
1/10 of Loans 0.00 0.00 0.00 9.97 9.97
Repayments of Loans 0.00 0.00 0.00 7.48 9.97
Minimum of the above 0.00 0.00 0.00 7.48 9.97
Less: Dep. during the year 0.00 0.00 0.00 4.50 4.50
(A) 0.00 0.00 0.00 2.98 5.47
Cumul. Repayment of Loans 0.00 0.00 0.00 7.48 17.45
Less: Cumul. Depreciation 0.00 0.00 0.00 4.50 9.00
(B) 0.00 0.00 0.00 2.98 8.45
Advance agnst. Dep. (Min. of A & B) 0.00 0.00 0.00 2.98 5.47
(e) Interest on Working Capital:
Table 7.3.5
Annual Receivables of Obra ‘A’ Power Station required for calculation of Working Capital:
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Annual Capacity [Fixed] Charges
132.69 141.07 145.78 161.57 174.34
Cost of Fuel 262.19 227.45 226.83 310.19 366.84
Interest on Working Capital 15.72 14.81 15.10 18.72 21.31
Total Receivables 410.60 383.33 387.71 490.48 562.49
Page 31 of 96
Table 7.3.6
Working Capital and Interest thereon as determined by the commission
Sl.No. Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
1 Cost of Coal for 1 and ½ month* 30.14 26.24 26.27 36.07 42.82
2 Cost of Secondary Fuel Oil for 2 months* 3.52 2.92 2.78 3.61 4.04
3 Operation & Maintenance for 1 month 7.72 8.19 8.70 9.24 9.81
4 Maintenance Spares @20% O & M Exp. 18.522 19.66 20.88 22.17 23.54
5 Receivables equivalent to 2 months of fixed charges for sale of electricity 68.43 63.89 64.62 81.75 93.75
6 Total Working Capital 128.33 120.91 123.24 152.82 173.96
7 Rate of Interest 12.25 12.25 12.25 12.25 12.25
8 Interest on Working Capital 15.72 14.81 15.10 18.72 21.31
* The cost of fuel has been taken from Table 7.3.10
Table 7.3.7
IWC duing the Contrrol Period as claimed by UPRVUNL :
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Working Capital 132.34 140.33 153.31 167.22 182.71
Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%
I W C 16.21 17.19 18.78 20.48 22.38
(f) Capacity (Fixed) Charges per unit of Generation
Table 7.3.8
Fixed Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 23.02 10.80 -12.22 21.52 13.47 -8.05
Depreciation 13.63 12.27 -1.36 13.63 12.27 -1.36
Advance against Depreciation
0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 6.64 14.53 7.89 6.64 14.53 7.89
O & M Expenses 92.61 92.61 0.00 98.32 98.32 0.00
Compensation Allowance 2.48 2.48 0.00 2.48 2.48 0.00
Interest on Working Capital 15.52 15.72 0.20 15.33 14.81 -0.52
Total : 153.90 148.41 -5.49 157.92 155.88 -2.04
Ex-bus Energy Sent Out (kwh)
1638.48 1638.48 0.00 1475.72 1328.55 -147.17
Cost per Unit 0.94 0.91 -0.03 1.07 1.17 0.10
Page 32 of 96
Particulars
FY 12 FY 13
As approved by
the Commission
vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 34.98 12.12 -22.86 32.77 13.11 -19.66
Depreciation 20.03 12.27 -7.76 20.03 16.77 -3.26
Advance against Depreciation
0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 12.16 14.53 2.37 12.16 18.39 6.23
O & M Expenses 104.38 104.38 0.00 110.83 110.83 0.00
Compensation Allowance
2.48 2.48 0.00 2.48 2.48 0.00
Interest on Working Capital
15.69 15.10 -0.59 19.61 18.72 -0.89
Total : 189.72 160.88 -28.84 197.88 180.30 -17.58
Ex-bus Energy Sent Out (kwh)
1323.85 1257.27 -66.58 1900.18 1710.35 -189.83
Cost per Unit 1.43 1.28 -0.15 1.04 1.05 0.01
Particulars
FY 14
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 30.57 19.02 -11.55
Depreciation 20.03 16.77 -3.26
Advance against Depreciation
0.00
0.00 0.00
Return on Equity 12.16 18.39 6.23
O & M Expenses 117.68 117.68 0.00
Compensation Allowance 2.48 2.48 0.00
Interest on Working Capital 20.86 21.31 0.45
Total : 203.78 195.65 -8.13
Ex-bus Energy Sent Out (kwh)
1957.11 1957.11 0.00
Cost per Unit 1.04 1.00 -0.04
7.3.2.2 Variable Charges:
(a) Weighted Average Cost and Gross Calorific Value of Coal and Oil
Page 33 of 96
Table 7.3.9
Weighted Average Cost and Gross Calorific Value of Coal and Oil for F.Y. 2009-10.
Month
Weighted Average of
Landed Cost of Oil
Weighted Average of
Gross Calorific value of Oil
Weighted Average of
Landed Cost of Coal
Weighted Average of
Gross Calorific value of Coal
(Rs./kl) KCAL/Ltr. (Rs./mt) (Rs.KCAL/KG)
April' 2009 20685.09 10180.00 1428.01 3819.00
May' 2009 22735.96 10180.00 1413.80 3567.00
June’ 2009 26019.96 9965.00 1357.54 3343.00
July’ 2009 28166.44 9965.00 1290.35 3230.00
Aug’ 2009 28995.28 10003.00 1296.05 3305.00
Sept’ 2009 29744.76 10003.00 1345.38 3462.00
Oct’ 2009 29797.69 10003.00 1514.99 3243.00
Nov’ 2009 30209.65 10003.00 1500.49 3208.00
Dec’ 2009 31474.49 10429.00 1540.01 3173.00
Jan’ 2010 33977.09 10429.00 1592.99 3271.00
Feb’ 2010 31117.02 10429.00 1644.53 2975.00
Mar’ 2010 31117.02 10429.00 1600.83 2997.00
Total: 344040.45 122018.00 17524.97 39593.00 Monthly
Weighted Avg. 28670.04 10168.17 1460.41 3299.42
(b) Variable charge per unit of Generation:
Table 7.3.10
Variable charge per unit of generation for Obra ‘A’ Power Station Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Capacity MW 382 4/10 to 06/10
382 4/11 to 3/12
288 04/12 to
06/12 288 382
Capacity MW 07/10 to
03/11 288 07/12 to
03/13 382
Average Yearly Capacity MW 382 312 288 359 382
Availability Factor % 60 61 63 66 70
Plant Load Factor (PLF) % 55 56 58 04/12 to
06/12 61 65
07/12 to
03/13 61
Average PLF 55 56 58 61 65
Gross Station Heat Rate Kcal/kWh 3000 2990 2980 (04/12 to
06/12)2970 2960
(07/12 to
03/13) 2970
Average Station Heat Rate 3000 2990 2980 2970 2960
Auxiliary Energy Consumption % 11.0 10.8 10.6 10.2 10.0
Gross Energy Generation MU 1840 1531 1463 1918 2175
Auxiliary Energy Consumption MU 202 202 206 208 218
Page 34 of 96
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Ex-bus Energy Sent Out MU 1638 1329 1257 1710 1957
Specific Oil Consumption ml/Kwh 4.00 3.80 3.60 (04/12 to 06/12) 3.40
3.20
(07/12 to 03/13) 3.40
Average Oil Consumption ml/Kwh 4.00 3.80 3.60 3.40 3.20
Weighted Average (GCV) of Oil KCal/Lt. 10168 10168 10168 10168 10168
Price of Oil Rs./KL 28670 30104 31609 33189 34849
Weighted Average (GCV) of Coal KCal/kg. 3299 3299 3299 3299 3299
Price of Coal Rs./Mt. 1460 1533 1610 1691 1775
Heat Contribution from SFO Kcal/Kwh 41 39 37 35 33
Total Oil Consumption KL 7362 5816 5268 6522 6960
Heat Contribution from Coal Kcal/kWh 2959 2951 2943 2935 2927
Specific Coal Consumption Kg/Kwh 0.90 0.89 0.89 0.89 0.89
Coal Consumption MMT 1.651 1.369 1.305 1.707 1.930
Total Cost of Oil @ Rs. Rs. in Cr. 21.11 17.51 16.65 21.65 24.26
Total Cost of Coal @ Rs. Rs. in Cr. 241.08 209.94 210.18 288.54 342.58
Total Cost of Fuel (Oil & Coal) Rs. in Cr. 262.19 227.45 226.83 310.19 366.84
Rate of Energy Charges from secondary Fuel Oil Ex-bus Paise/Kwh 12.88 13.18 13.24 12.66 12.39
Rate of Energy Charges from Coal Ex-bus Paise/Kwh 147.14 158.02 167.17 168.70 175.05
Rate of Energy Charges Ex-bus per Kwh Paise/Kwh 160.02 171.20 180.41 181.36 187.44
(c) Adjustment of Rate of Energy Charge on Account of Variation in price or Heat Value of Fuels:
As per UPERC MYT Order dated January 20, 2011
7.3.2.3 Total Charges (Cost):
Table 7.3.11
Total Charges as approved earlier and as revised by the Commission by the Commission
Particulars
FY 10 FY 11
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 23.02 10.80 -12.22 21.52 13.47 -8.05
Depreciation 13.63 12.27 -1.36 13.63 12.27 -1.36
A A D 0.00 0.00 0.00 0.00 0.00 0.00
Page 35 of 96
Particulars
FY 10 FY 11
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Return on Equity 6.64 14.53 7.89 6.64 14.53 7.89
O & M Expenses 92.61 92.61 0.00 98.32 98.32 0.00
Com. Allowance 2.48 2.48 0.00 2.48 2.48 0.00
I W C 15.52 15.72 0.20 15.33 14.81 -0.52
Fixed Cost (Rs. in Crs.)
153.89 148.41 -5.48 157.92 155.88 -2.04
F. C. per Unit (In Paise)
94 91 -3 107 117 10
V. C. on Fuel (Rs. in Crs.)
262.19 262.19 0.00 249.32 227.45 -21.87
V. C. per Unit (In paise)
160 160 0 169 171 2
Total Cost (Rs. in Crs.)
416.08 410.60 -5.48 407.24 383.33 -23.91
Ex-bus Energy Sent Out (kwh)
1638.48 1638.48 0.00 1475.72 1328.55 -147.17
Total Cost per Unit (In Paise) 254 251
-3 276 289
13
Particulars
FY 12 FY 13
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 34.98 12.12 -22.86 32.77 13.11 -19.66
Depreciation 20.03 12.27 -7.76 20.03 16.77 -3.26
A A D 0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 12.16 14.53 2.37 12.16 18.39 6.23
O & M Expenses 104.38 104.38 0.00 110.83 110.83 0.00
Com. Allowance 2.48 2.48 0.00 2.48 2.48 0.00
I W C 15.69 15.10 -0.59 19.61 18.72 -0.89
Fixed Cost (Rs. in Crs.)
189.72 160.88 -28.84 197.88 180.30 -17.58
F. C. per Unit (In Paise)
143 128 -15 104 105 1
V. C. on Fuel (Rs. in Crs.)
235.86 226.83 -9.03 336.36 310.19 -26.17
V. C. per Unit (In paise)
178 180 2 177 181 4
Total Cost (Rs. in Crs.)
425.58 387.71 -37.87 534.24 490.48 -43.76
Ex-bus Energy Sent Out (kwh)
1323.85 1257.27 -66.58 1900.18 1710.35 -189.83
Total Cost per Unit (In Paise) 321 308
-13 281 287
6
Page 36 of 96
Particulars
FY 14
As approved by
the Commission
vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 30.57 19.02 -11.55
Depreciation 20.03 16.77 -3.26
A A D 0.00 0.00 0.00
Return on Equity 12.16 18.39 6.23
O & M Expenses 117.68 117.68 0.00
Com. Allowance 2.48 2.48 0.00
I W C 20.86 21.31 0.45
Fixed Cost (Rs. in Crs.) 203.78 195.65 -8.13
F. C. per Unit (In Paise) 104 100 -4
V. C. on Fuel (Rs. in Crs.) 361.94 366.84 4.90
V. C. per Unit (In paise) 185 187 3
Total Cost (Rs. in Crs.) 565.72 562.49 -3.23
Ex-bus Energy Sent Out (kwh)
1957.11 1957.11 0.00
Total Cost per Unit (In Paise) 289 287 -2
Page 37 of 96
Section - 4
Multi Year Tariff
for
Obra ‘B’
Thermal Power Station
for
FY 2009-10 to 2013-14
Page 38 of 96
7.4.1 ARR and MYT as determined by the Commission vide order
dated January 20, 2011
Table 7.4.1
Obra ‘B’ 2009-10 2010-11 2011-12 2012-13 2013-14
Energy Sent out (MU) 5178 5435 5783 6052 6408
Fixed Charges (Rs./Unit) 0.61 0.85 1.11 1.05 1.01
Variable Charges (Rs./Unit) 1.46 1.52 1.58 1.65 1.72
Total Charges (Rs./Unit) 2.07 2.37 2.69 2.70 2.73
ARR (Rs. in Cr.) 1071.33 1286.35 1557.86 1635.20 1750.63
7.4.2 ARR and MYT as determined by the Commission as a result of Review
7.4.2.1 Capacity (Fixed) Charges
(a) Provisions under Regulations :
Table 7.4.2
Components of Fixed Charge Value Remark
Return on equity 15.5% As per the Regulations
Interest on Loans 11.46% Weighted average of interest on loans for FY 2011-12 & FY 2013-14 as per form 13 of ARR
O & M Expenses Normative As per the Regulations
Compensation Allowance Rs. 0.65 lacs /MW As per the Regulations
Advance Against Depreciation
Zero As per the Regulations
Interest on working capital 12.25 % As per the Regulations
Page 39 of 96
(b) R & M of Plant
Obra ‘B’ Power Station (5 x 200 MW) is more than 28 years old for which
a comprehensive Refurbishment Scheme involving expenditure of Rs
1635.00 Crs. has been approved by the Commission vide order dated
7.11.06. Initially the refurbishment work was proposed by the UPRVUNL
to be completed during the MYT Period but now as per review petition the
petitioner has now dropped the proposed refurbishment works from the
MYT period and therefore no investments on this account is being
considered by the Commission.
(c) Gross Fixed Assets (GFA) and its Components
Table 7.4.3
Calculation of GFA & NFA including financing
OBRA 'B' Power Station 2009-10 2010-11 2011-12 2012-13 2013-14
Op. GFA 484.56 484.56 484.56 484.56 484.56
Additions 0.00 0.00 0.00 0.00 0.00
Cl. GFA 484.56 484.56 484.56 484.56 484.56
Cl. Net FA 179.15 161.89 144.63 127.37 110.11
Financing:
Op. Equity 124.88 124.88 124.88 124.88 124.88
Additions 0.00 0.00 0.00 0.00 0.00
Cl. Equity : 124.88 124.88 124.88 124.88 124.88
Op. Accu Dep. 288.15 305.41 322.67 339.93 357.19
Dep. During the year 17.26 17.26 17.26 17.26 17.26
Cl. Accu. Dep. 305.41 322.67 339.93 357.19 374.45
Op. Debts 71.53 54.27 37.01 19.75 2.49
Additions 0.00 0.00 0.00 0.00 0.00
Less: Dep. 17.26 17.26 17.26 17.26 2.49
Cl. Debts 54.27 37.01 19.75 2.49 0.00
Page 40 of 96
(d) RoE, Depreciation and Interest on Loans
Table 7.4.4
Details of RoE, Depreciation, AAD, Interest on Loans, O & M and Com. Allowance
Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14
1 Return on Equity 19.36 19.36 19.36 19.36 19.36
2 Depreciation 17.26 17.26 17.26 17.26 17.26
3 AAD 0.00 29.55 87.63 71.94 71.94
4 Interest on Debts 7.21 5.23 3.25 1.27 0
5 O & M Expenses 182.00 195.48 209.91 225.42 241.95
6 Com. Allowance 6.60 6.81 7.02 7.02 7.02
Total: 232.42 273.68 344.43 342.28 357.67
(e) Interest on Working Capital:
Table 7.4.5
Annual Receivables of Obra ‘B’ Power Station required for calculation of Working Capital:
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Annual Capacity [Fixed] Charges 232.42 273.68 344.43 342.28 357.67
Cost of Fuel 741.89 786.89 846.87 923.61 1019.07
Interest on Working Capital 38.56 41.55 45.73 49.04 53.45
Total Receivables 1012.87 1102.13 1237.03 1314.93 1430.20
Table 7.4.6
Working Capital as determined by the commission
Sl.No. Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
1 Cost of Coal for 1 and ½ month* 87.66 93.17 100.47 109.80 121.40
2 Cost of Secondary Fuel Oil for 2 months* 6.77 6.93 7.18 7.53 7.97
3 Operation & Maintenance for 1 month 15.17 16.29 17.49 18.79 20.16
4 Maintenance Spares @20% O & M Exp. 36.40 39.10 41.98 45.08 48.39
5 Receivables equivalent to 2 months of fixed charges for sale of electricity 168.81 183.69 206.17 219.15 238.37
6 Working Capital 314.81 339.17 373.30 400.36 436.30
7 Rate of Interest 12.25 12.25 12.25 12.25 12.25
8 I W C 38.56 41.55 45.73 49.04 53.45
* The cost of fuel has been taken from Table 7.4.10
Page 41 of 96
Table 7.4.7 IWC duing the Contrrol Period as claimed by UPRVUNL :
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Working Capital 341.75 391.08 456.69 490.79 526.61
Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%
I W C 41.86 47.91 55.94 60.12 64.51
(f) Capacity (Fixed) Charges per unit of Generation
Table 7.4.8
Fixed Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 33.79 7.21 -26.58 85.76 5.23 -80.53
Depreciation 28.20 17.26 -10.94 51.00 17.26 -33.74
Advance against Depreciation
0.00 0.00 0.00 29.55 29.55 0.00
Return on Equity 27.85 19.36 -8.49 48.13 19.36 -28.77
O & M Expenses 182.00 182.00 0.00 195.48 195.48 0.00
Compensation Allowance
6.60 6.60 0.00 6.81 6.81 0.00
Interest on Working Capital
39.14 38.56 -0.58 44.98 41.55 -3.43
Total : 317.58 270.99 -46.59 461.71 315.23 -146.48
Ex-bus Energy Sent Out (kwh)
5178.00 5096.13 -81.87 5435.00 5186.10 -248.90
Fixed Cost per Unit 0.61 0.53 -0.08 0.85 0.61 -0.24
Particulars
FY 12 FY 13
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 141.96 3.25 -138.71 133.24 1.27 -131.97
Depreciation 76.10 17.26 -58.84 76.10 17.26 -58.84
Advance against Depreciation
87.63 87.63 0.00 71.94 71.94 0.00
Return on Equity 68.40 19.36 -49.04 68.40 19.36 -49.04
Page 42 of 96
Particulars
FY 12 FY 13
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
O & M Expenses 209.91 209.91 0.00 225.42 225.42 0.00
Compensation Allowance
7.02 7.02 0.00 7.02 7.02 0.00
Interest on Working Capital
52.27 45.73 -6.54 55.60 49.04 -6.56
Total : 643.29 390.16 -253.13 637.72 391.32 -246.40
Ex-bus Energy Sent Out (kwh)
5783.00 5355.16 -427.84 6052.00 5603.86 -448.14
Fixed Cost per Unit 1.11 0.73 -0.38 1.05 0.70 -0.36
Particulars
FY 14
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 124.52 0.14 -124.38
Depreciation 76.10 17.26 -58.84
Advance against Depreciation 71.94 71.94 0.00
Return on Equity 68.40 19.36 -49.04
O & M Expenses 241.95 241.95 0.00
Compensation Allowance 7.02 7.02 0.00
Interest on Working Capital 60.03 53.45 -6.58
Total : 649.96 411.12 -238.84
Ex-bus Energy Sent Out (kwh) 6408.00 5932.71 -475.29
Fixed Cost per Unit 1.01 0.69 -0.32
7.4.2.2 Variable Charges:
(a) Weighted Average Cost and Gross Calorific Value of Coal and Oil
Page 43 of 96
Table 7.4.9 Weighted Average Cost and Gross Calorific Value of Coal and Oil
for F.Y. 2009-10
Month
Weighted Average of
Landed Cost of Oil
Weighted Average of
Gross Calorific value of Oil
Weighted Average of
Landed Cost of Coal
Weighted Average of
Gross Calorific value of Coal
(Rs./kl) KCAL/Ltr. (Rs./mt) (Rs.KCAL/KG)
April' 2009 20685.09 10180.00 1412.31 3687.00
May' 2009 22735.96 10180.00 1418.24 3786.00
June’ 2009 25474.16 9965.00 1268.90 3559.00
July’ 2009 28166.44 9965.00 1303.59 3261.00
Aug’ 2009 28933.08 10003.00 1210.82 3339.00
Sept’ 2009 30585.64 10003.00 1227.77 3345.00
Oct’ 2009 29797.69 10003.00 1490.05 3029.00
Nov’ 2009 30254.68 10003.00 1443.10 3304.00
Dec’ 2009 31583.17 10429.00 1535.88 2818.00
Jan’ 2010 31880.37 10429.00 1482.69 3040.00
Feb’ 2010 31117.02 10429.00 1495.39 2984.00
Mar’ 2010 31117.02 10429.00 1467.15 2962.00
Total: 342330.32 122018.00 16755.89 39114.00 Monthly
Weighted Avg. 28527.53 10168.17 1396.32 3259.50
(b) Variable charge per unit of Generation:
Table 7.4.10 Variable charge per unit of generation for Obra ‘B’ Power Station
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Capacity MW 1000 1000 1000 1000 1000
Target Availability % 70 71 73 76 80
Plant Load Factor (PLF) % 65 66 68 71 75
Gross Station Heat Rate Kcal/kWh 2900 2890 2880 2870 2860
Auxiliary Energy Consumption % 10.5 10.3 10.1 9.9 9.7
Gross Energy Generation MU 5694 5782 5957 6220 6570
Auxiliary Energy Consumption MU 598 596 602 616 637
Ex-bus Energy Sent Out MU 5096 5186 5355 5604 5933
Specific Oil Consumption ml/Kwh 2.50 2.40 2.30 2.20 2.10
Weighted Average (GCV) of Oil KCal/Lt. 10168 10168 10168 10168 10168
Price of Oil Rs./KL 28528 29954 31452 33024 34675
Weighted Average (GCV) of Coal KCal/kg. 3260 3260 3260 3260 3260
Price of Coal Rs./Mt. 1396 1466 1539 1616 1697
Heat Contribution from SFO Kcal/Kwh 25 24 23 22 21
Total Oil Consumption KL 14235 13876 13701 13683 13797
Heat Contribution from Coal Kcal/kWh 2875 2866 2857 2848 2839
Specific Coal Consumption Kg/Kwh 0.88 0.88 0.88 0.87 0.87
Page 44 of 96
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Coal Consumption MMT 5.022 5.084 5.221 5.434 5.722
Total Cost of Oil @ Rs. Rs. in Cr. 40.61 41.56 43.09 45.19 47.84
Total Cost of Coal @ Rs. Rs. in Cr. 701.28 745.33 803.78 878.43 971.23
Total Cost of Fuel (Oil & Coal) Rs. in Cr. 741.89 786.89 846.87 923.61 1019.07
Rate of Energy Charges from secondary Fuel Oil Ex-bus Paise/Kwh 7.97 8.01 8.05 8.06 8.06
Rate of Energy Charges from Coal Ex-bus Paise/Kwh 137.61 143.72 150.09 156.75 163.71
Rate of Energy Charges Ex-bus per Kwh Paise/Kwh 145.58 151.73 158.14 164.82 171.77
(c) Adjustment of Rate of Energy Charge on Account of Variation in
price or Heat Value of Fuels:
As per UPERC MYT Order dated January 20, 2011
7.4.2.3 Total Charges (Cost):
Table 7.4.11 Total Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any) As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 33.79 7.21 -26.58 85.76 5.23 -80.53
Depreciation 28.20 17.26 -10.94 51.00 17.26 -33.74
A A D 0.00 0.00 0.00 29.55 29.55 0.00
Return on Equity 27.85 19.36 -8.49 48.13 19.36 -28.77
O & M Expenses 182.00 182.00 0.00 195.48 195.48 0.00
Com. Allowance 6.60 6.60 0.00 6.81 6.81 0.00
I W C 39.14 38.56 -0.58 44.98 41.55 -3.43
Fixed Cost (Rs. in Crs.) 317.58 270.99 -46.59 461.71 315.23 -146.48
F. C. per Unit (In Paise) 61 53 -8 85 61 -24
V. C. on Fuel (Rs. in Crs.)
753.74 741.89 -11.85 824.65 786.89 -37.76
V. C. per Unit (In paise) 146 146 0 152 152 0
Total Cost (Rs. in Crs.) 1071.32 1012.88 -58.44 1286.36 1102.13 -184.23
Ex-bus Energy Sent Out (kwh)
5178.00 5096.13 -81.87 5435.00 5186.10 -248.90
Total Cost per Unit (In Paise) 207 199
-8 237 213
-24
Page 45 of 96
Particulars
FY 12 FY 13
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any) As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 141.96 3.25 -138.71 133.24 1.27 -131.97
Depreciation 76.10 17.26 -58.84 76.10 17.26 -58.84
A A D 87.63 87.63 0.00 71.94 71.94 0.00
Return on Equity 68.40 19.36 -49.04 68.40 19.36 -49.04
O & M Expenses 209.91 209.91 0.00 225.42 225.42 0.00
Com. Allowance 7.02 7.02 0.00 7.02 7.02 0.00
I W C 52.27 45.73 -6.54 55.60 49.04 -6.56
Fixed Cost (Rs. in Crs.) 643.29 390.16 -253.13 637.72 391.32 -246.40
F. C. per Unit (In Paise) 111 73 -38 105 70 -36
V. C. on Fuel (Rs. in Crs.) 914.57 846.87 -67.70 997.48 923.61 -73.87
V. C. per Unit (In paise) 158 158 0 165 165 0
Total Cost (Rs. in Crs.) 1557.86 1237.03 -320.83 1635.20 1314.93 -320.27
Ex-bus Energy Sent Out (kwh)
5783.00 5355.16 -427.84 6052.00 5603.86 -448.14
Total Cost per Unit (In Paise) 269 231
-38 270 235
-36
Particulars
FY 14
As approved by the Commission vide Tariff Order
dt: 20.01.11
As determined by the
Commission on Review
Diff. (if any)
Interest on Loan 124.52 0.14 -124.38
Depreciation 76.10 17.26 -58.84
A A D 71.94 71.94 0.00
Return on Equity 68.40 19.36 -49.04
O & M Expenses 241.95 241.95 0.00
Com. Allowance 7.02 7.02 0.00
I W C 60.03 53.45 -6.58
Fixed Cost (Rs. in Crs.) 649.96 411.12 -238.84
F. C. per Unit (In Paise) 101 69 -32
V. C. on Fuel (Rs. in Crs.) 1100.66 1019.07 -81.59
V. C. per Unit (In paise) 172 172 0
Total Cost (Rs. in Crs.) 1750.62 1430.19 -320.43
Ex-bus Energy Sent Out (kwh) 6408.00 5932.71 -475.29
Total Cost per Unit (In Paise) 273 241 -32
Page 46 of 96
Section - 5
Multi Year Tariff
for
Panki
Thermal Power Station
for
FY 2009-10 to 2013-14
Page 47 of 96
7.5.1 ARR and MYT as determined by the Commission vide order dated January
20, 2011
Table 7.5.1
Panki 2009-10 2010-11 2011-12 2012-13 2013-14
Energy Sent out (MU) 982.76 1001.16 1033.55 1054.95 1091.74
Fixed Charges (Rs./Unit) 1.14 1.17 1.24 1.33 1.35
Variable Charges (Rs./Unit) 2.83 2.93 3.00 3.10 3.21
Total Charges (Rs./Unit) 3.97 4.10 4.24 4.43 4.55
ARR (Rs. In Cr.) 390.11 410.60 437.88 466.97 797.11
7.5.2 ARR and MYT as determined by the Commission as a result of Review
7.5.2.1 Capacity (Fixed) Charges
(a) Provisions under Regulations :
Table 7.5.2
Components of Fixed Charge
Value Remark
Return on equity 15.5% As per the Regulations
Interest on Loans 11.55% Weighted average of interest on loans for FY 2012-13 & FY 2013-14 as per form 13 of ARR
O & M Expenses As per petition
Compensation Allowance Rs. 0.65 lacs /MW As per the Regulations
Advance Against Depreciation
Zero As per the Regulations
Interest on working capital
12.25 % As per the Regulations
Page 48 of 96
(b) Gross Fixed Assets (GFA) and its Components
Table 7.5.3
Calculation of GFA & NFA including financing
(c) RoE, Depreciation and Interest on Loans
Table 7.5.4
Details of RoE, Depreciation, Interest on Loans, O & M and Com. Allowance
Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14
1 Return on Equity 6.01 6.01 6.01 6.01 6.01
2 Depreciation 5.95 5.95 6.01 6.02 6.02
3 Interest on Debts 4.99 4.34 3.65 2.96 2.26
4 O & M Expenses 79.55 84.33 94.73 106.06 112.40
5 Com. Allowance 1.37 1.37 1.37 1.37 1.37
Total: 97.88 102.01 111.78 122.42 128.06
(d) Interest on Working Capital:
PANKI Power Station 2009-10 2010-11 2011-12 2012-13 2013-14
Op. GFA 167.21 167.81 167.81 167.81 167.81
Additions 0.60 0.00 0.00 0.00 0.00
Cl. GFA 167.81 167.81 167.81 167.81 167.81
Cl. Net FA 88.44 94.39 100.40 106.42 112.44
Financing:
Op. Equity 38.80 38.80 38.80 38.80 38.80
Additions 0.00 0.00 0.00 0.00 0.00
Cl. Equity 38.80 38.80 38.80 38.80 38.80
Op. Accu Dep. 82.49 88.44 94.39 100.40 106.42
Dep. during the year 5.95 5.95 6.01 6.02 6.02
Cl. Accu. Dep. 88.44 94.39 100.40 106.42 112.44
Op. Debts 45.92 40.57 34.62 28.61 22.59
Additions 0.60 0.00 0.00 0.00 0.00
Less: Dep. 5.95 5.95 6.01 6.02 6.02
Cl. Debts 40.57 34.62 28.61 22.59 16.57
Page 49 of 96
Table 7.5.5 Annual Receivables of Panki Power Station required for
calculation of Working Capital:
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Annual Capacity [Fixed] Charges 97.88 102.01 111.78 122.42 128.06
Cost of Fuel 277.91 293.48 309.81 326.92 350.23
Interest on Working Capital 15.06 15.88 17.05 18.30 19.49
Total Receivables 390.85 411.37 438.63 467.64 497.79
Table 7.5.6
Working Capital as determined by the commission
Sl.No. Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
1 Cost of Coal for 1 and ½ month* 33.26 35.17 37.17 39.28 42.14
2 Cost of Secondary Fuel Oil for 2 months* 1.98 2.03 2.07 2.12 2.19
3 Operation & Maintenance for 1 month 6.63 7.03 7.89 8.84 9.37
4 Maintenance Spares @20% O & M Exp. 15.91 16.87 18.95 21.21 22.48
5 Receivables equivalent to 2 months of fixed charges for sale of electricity 65.13 68.56 73.09 77.93 82.95
6 Total Working Capital 122.91 129.64 139.18 149.37 159.13
7 Rate of Interest 12.25 12.25 12.25 12.25 12.25
8 Interest on Working Capital 15.06 15.88 17.05 18.30 19.49
* The cost of fuel has been taken from Table 7.5.10
Table 7.5.7
IWC duing the Contrrol Period as claimed by UPRVUNL :
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Working Capital 117.74 124.26 143.25 170.08 185.28
Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%
I W C 14.42 15.22 17.55 20.83 22.70
(e) Capacity (Fixed) Charges per unit of Generation
Table 7.5.8 Fixed Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by the Commission vide Tariff Order
dt: 20.01.11
As determined by the
Commission on Review
Diff. (if any)
As approved by the Commission vide Tariff Order
dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 3.92 4.99 1.07 3.24 4.34 1.10
Depreciation 5.88 5.95 0.07 5.88 5.95 0.07
Advance against Depreciation
0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 6.74 6.01 -0.73 6.74 6.01 -0.73
Page 50 of 96
Particulars
FY 10 FY 11
As approved by the Commission vide Tariff Order
dt: 20.01.11
As determined by the
Commission on Review
Diff. (if any)
As approved by the Commission vide Tariff Order
dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
O & M Expenses 79.55 79.55 0.00 84.33 84.33 0.00
Compensation Allowance
1.37 1.37 0.00 1.37 1.37 0.00
Interest on Working Capital
14.74 15.06 0.32 15.55 15.88 0.33
Total : 112.20 112.94 0.74 117.11 117.89 0.78
Ex-bus Energy Sent Out (kwh)
982.76 982.76 0.00 1001.16 1001.16 0.00
Cost per Unit 1.14 1.15 0.01 1.17 1.18 0.01
Particulars
FY 12 FY 13
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 2.57 3.65 1.08 1.89 2.96 1.07
Depreciation 5.88 6.01 0.13 5.88 6.02 0.14
Advance against Depreciation 0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 6.74 6.01 -0.73 6.74 6.01 -0.73
O & M Expenses 94.73 94.73 0.00 106.06 106.06 0.00
Compensation Allowance 1.46 1.46 0.00 1.56 1.56 0.00
Interest on Working Capital 16.69 17.05 0.36 17.92 18.30 0.38
Total : 128.07 128.92 0.85 140.05 140.91 0.86
Ex-bus Energy Sent Out (kwh) 1033.55 1033.55 0.00 1054.95 1054.95 0.00
Cost per Unit 1.24 1.25 0.01 1.33 1.34 0.01
Particulars
FY 14
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 1.21 2.26 1.05
Depreciation 5.88 6.02 0.14
Advance against Depreciation 0.00 0.00 0.00
Return on Equity 6.74 6.01 -0.73
O & M Expenses 112.40 112.40 0.00
Compensation Allowance 1.56 1.56 0.00
Interest on Working Capital 19.09 19.49 0.40
Total : 146.88 147.75 0.87
Ex-bus Energy Sent Out (kwh) 1091.74 1091.74 0.00
Cost per Unit 1.35 1.35 0.01
Page 51 of 96
7.5.2.2 Variable Charges:
(a) Weighted Average Cost and Gross Calorific Value of Coal and Oil
Table 7.5.9
Weighted Average Cost and Gross Calorific Value of Coal and Oil for F.Y. 2009-10.
Month
Weighted Average of
Landed Cost of Oil
Weighted Average of
Gross Calorific value of Oil
Weighted Average of
Landed Cost of Coal
Weighted Average of
Gross Calorific value of Coal
(Rs./kl) KCAL/Ltr. (Rs./mt) (Rs.KCAL/KG)
April' 2009 37397.25 8909.00 2272.59 3648.00
May' 2009 37884.82 8919.00 2978.30 3806.00
June’ 2009 38983.00 8968.00 2844.08 3797.00
July’ 2009 42917.98 8863.00 2399.12 3617.00
Aug’ 2009 43486.10 9438.00 3954.25 3716.00
Sept’ 2009 44325.75 9421.00 3717.72 3776.00
Oct’ 2009 42286.60 9441.00 2544.24 3750.00
Nov’ 2009 45768.25 9441.00 2599.71 3397.00
Dec’ 2009 45003.75 9463.00 2800.82 3536.00
Jan’ 2010 45495.42 9486.00 2550.33 3493.00
Feb’ 2010 44566.40 9476.00 2692.51 3688.00
Mar’ 2010 47845.53 9481.41 2932.96 3532.00
Total: 515960.85 111306.41 34286.63 43756.00 Monthly
Weighted Avg. 42996.74 9275.53 2857.22 3646.33
(b) Variable charge per unit of Generation:
Table 7.5.10
Variable charge per unit of generation for Panki Power Station
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Capacity MW 210 210 210 210 210
Target Availability Factor % 65 66 67 68 70
Plant Load Factor (PLF) % 60 61 62 63 65
Gross Station Heat Rate Kcal/kWh 3100 3070 3040 3010 2980
Auxiliary Energy Consumption % 11.0 10.8 10.6 10.2 9.8
Gross Energy Generation MU 1104 1122 1141 1159 1196
Auxiliary Energy Consumption MU 121 121 107 104 104
Ex-bus Energy Sent Out MU 983 1001 1034 1055 1092
Specific Oil Consumption ml/Kwh 2.50 2.40 2.30 2.20 2.10
Weighted Average (GCV) of Oil KCal/Lt. 9276 9276 9276 9276 9276
Price of Oil Rs./KL 42997 45147 47404 49774 52263
Weighted Average (GCV) of Coal KCal/kg. 3646 3646 3646 3646 3646
Page 52 of 96
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Price of Coal Rs./Mt. 2857 3000 3150 3308 3473
Heat Contribution from SFO Kcal/Kwh 24 23 22 21 20
Total Oil Consumption KL 2759 2693 2623 2550 2511
Heat Contribution from Coal Kcal/kWh 3076 3047 3018 2989 2960
Specific Coal Consumption Kg/Kwh 0.84 0.84 0.83 0.82 0.81
Coal Consumption MMT 0.931 0.938 0.944 0.950 0.971
Total Cost of Oil @ Rs. Rs. in Cr. 11.86 12.16 12.44 12.69 13.12
Total Cost of Coal @ Rs. Rs. in Cr. 266.04 281.32 297.37 314.23 337.11
Total Cost of Fuel (Oil & Coal) Rs. in Cr. 277.91 293.48 309.81 326.92 350.23
Rate of Energy Charges from secondary Fuel Oil Ex-bus
Paise/Kwh 12.07 12.14 12.03 12.03 12.02
Rate of Energy Charges from Coal Ex-bus
Paise/Kwh 270.71 281.00 287.72 297.86 308.78
Rate of Energy Charges Ex-bus per Kwh
Paise/Kwh 282.78 293.14 299.75 309.89 320.80
(c) Adjustment of Rate of Energy Charge on Account of Variation in
price or Heat Value of Fuels:
As per UPERC MYT Order dated January 20, 2011
7.5.2.3 Total Charges (Cost):
Table 7.5.11 Total Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 3.92 4.99 1.07 3.24 4.34 1.10
Depreciation 5.88 5.95 0.07 5.88 5.95 0.07
A A D 0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 6.74 6.01 -0.73 6.74 6.01 -0.73
O & M Expenses 79.55 79.55 0.00 84.33 84.33 0.00
Com. Allowance 1.37 1.37 0.00 1.37 1.37 0.00
I W C 14.74 15.06 0.32 15.55 15.88 0.33
Fixed Cost (Rs. in Crs.) 112.20 112.94 0.74 117.11 117.89 0.78
F. C. per Unit (In Paise) 114 115 1 117 118 1
V. C. on Fuel (Rs. in Crs.) 277.91 277.91 0.00 293.48 293.48 0.00
V. C. per Unit (In paise) 283 283 0 293 293 0
Total Cost (Rs. in Crs.) 390.11 390.84 0.73 410.59 411.37 0.78
Ex-bus Energy Sent Out (kwh)
982.76 982.76 0.00 1001.16 1001.16 0.00
Total Cost per Unit (In Paise) 397 398
1 410 411
1
Page 53 of 96
Particulars
FY 12 FY 13
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 2.57 3.65 1.08 1.89 2.96 1.07
Depreciation 5.88 6.01 0.13 5.88 6.02 0.14
A A D 0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 6.74 6.01 -0.73 6.74 6.01 -0.73
O & M Expenses 94.73 94.73 0.00 106.06 106.06 0.00
Com. Allowance 1.46 1.46 0.00 1.56 1.56 0.00
I W C 16.69 17.05 0.36 17.92 18.30 0.38
Fixed Cost (Rs. in Crs.) 128.07 128.92 0.85 140.05 140.91 0.86
F. C. per Unit (In Paise) 124 125 1 133 134 1
V. C. on Fuel (Rs. in Crs.) 309.81 309.81 0.00 326.92 326.92 0.00
V. C. per Unit (In paise) 300 300 0 310 310 0
Total Cost (Rs. in Crs.) 437.88 438.72 0.84 466.97 467.83 0.86
Ex-bus Energy Sent Out (kwh)
1033.55 1033.55 0.00 1054.95 1054.95 0.00
Total Cost per Unit (In Paise) 424 424
1 443 443
1
Particulars
FY 14
As approved by the Commission vide Tariff Order
dt: 20.01.11
As determined by the
Commission on Review
Diff. (if any)
Interest on Loan 1.21 2.26 1.05
Depreciation 5.88 6.02 0.14
A A D 0.00 0.00 0.00
Return on Equity 6.74 6.01 -0.73
O & M Expenses 112.40 112.40 0.00
Com. Allowance 1.56 1.56 0.00
I W C 19.09 19.49 0.40
Fixed Cost (Rs. in Crs.) 146.88 147.75 0.87
F. C. per Unit (In Paise) 135 135 1
V. C. on Fuel (Rs. in Crs.) 350.23 350.23 0.00
V. C. per Unit (In paise) 321 321 0
Total Cost (Rs. in Crs.) 497.11 497.98 0.87
Ex-bus Energy Sent Out (kwh) 1091.74 1091.74 0.00
Total Cost per Unit (In Paise) 455 456 1
Page 54 of 96
Section - 6
Multi Year Tariff
for
Harduaganj
Thermal Power Station
for
FY 2009-10 to 2013-14
Page 55 of 96
7.6.1 ARR and MYT as determined by the Commission vide order dated January 20, 2011
Table 7.6.1
Harduaganj TPS 2009-10 2010-11 2011-12 2012-13 2013-14
Energy Sent out (MU) 611.00 456.00 850.83 1037.79 1105.00
Fixed Charges (Rs./Unit) 1.81 3.04 2.55 2.18 2.08
Variable Charges (Rs./Unit) 2.78 2.87 2.87 3.02 3.13
Total Charges (Rs./Unit) 4.59 5.91 5.41 5.21 5.21
ARR (Rs. in Cr.) 280.28 453.17 460.42 540.19 575.66
7.6.2 ARR and MYT as determined by the Commission as a result of review
7.6.2.1 Capacity (Fixed) Charges
(a) Provisions under Regulations:
Table 7.6.2
Components of Fixed Charge Value Remark
Return on equity 15.5% As per the Regulations
Interest on Loans 12.11% Weighted average of interest on loans for FY 2011-12 & FY 2013-14 as per form 13 of ARR
O & M Expenses As per petition
Compensation Allowance Rs. 0.65 lacs /MW As per the Regulations
Advance Against Depreciation
Zero As per the Regulations
Interest on working capital 12.25 % As per the Regulations
(b) R & M of Plant
Harduaganj Power Station (220 MW) is more than 33 years old for which
a comprehensive Refurbishment Scheme has been proposed by
UPRVUNL involving expenditure of Rs 392.00 Crs. Apart from the above
Page 56 of 96
a sum of Rs.139.12 Crore was also proposed to be incurred by the
UPRVUNL under corporate responsibility for environment protection
(CREP). The work under are R&M of Unit no.7 of Harduaganj TPS was
originally completed in July’ 2011 and the work of CREP was proposed to
be completed during FY 2010-11. Now both the works are proposed to be
completed at the end of June’ 2012. Accordinglt the ARR and Tariff is
being revised as per review petition.
(c) Gross Fixed Assets (GFA) and its Components
Table 7.6.3
Calculation of GFA & NFA including financing
HARDUAGANJ Power Station 2009-10 2010-11 2011-12 2012-13 2013-14
Op. GFA 289.20 290.20 290.20 290.20 821.32
Additions 1.00 0.00 0.00 531.12 0.00
Clo. GFA 290.20 290.20 290.20 821.32 821.32
Cl. Net FA 116.56 106.00 95.45 576.10 525.63
Financing:
Op. Equity 82.14 82.14 82.14 82.14 214.04
Additions 0.00 0.00 0.00 131.90 0.00
Cl. Equity 82.14 82.14 82.14 214.04 214.04
Op. Accu Dep. 163.09 173.64 184.20 194.75 245.22
Dep. During the year 10.55 10.55 10.55 29.65 29.65
A. A. D. 0.00 0.00 0.00 20.82 20.82
Cl. Accu. Dep. 173.64 184.20 194.75 245.22 295.69
Op. Debts 43.97 34.42 23.86 13.31 362.06
Additions 1.00 0.00 0.00 399.22 0.00
Less : Dep. 10.55 10.55 10.55 50.47 42.46
Cl. Debts 34.42 23.86 13.31 362.06 319.60
(d) RoE, Depreciation, O & M and Interest on Loans
Table 7.6.4
Details of RoE, Depreciation, A.A.D., Interest on Loans, O & M and Com. Allowance
Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14
1 Return on Equity 12.73 12.73 12.73 33.18 33.18
Page 57 of 96
Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14
2 Depreciation 10.55 10.55 10.55 29.65 29.65
3 A. A.. D. 0.00 4.10 6.04 10.84 10.84
4 Interest on Debts 4.75 3.53 2.25 22.73 41.27
5 O & M Expenses 74.43 79.08 87.99 93.49 99.34
6 Com. Allowance 1.43 1.43 1.53 1.53 1.53
Total: 103.89 111.43 121.10 191.41 215.81
Table 7.6.4 (a)
Calculation of Advance Against Depreciation:
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
1/10 of Loans 0.00 0.00 0.00 39.92 39.92
Repayments of Loans 0.00 0.00 0.00 49.68 49.68
Minimum of the above 0.00 0.00 0.00 39.92 39.92
Less: Dep. during the year 0.00 0.00 0.00 19.10 19.10
(A) 0.00 0.00 0.00 20.82 20.82
Cumul. Repayment of Loans 0.00 0.00 0.00 49.68 99.36
Less: Cumul. Depreciation 0.00 0.00 0.00 19.10 38.20
(B) 0.00 0.00 0.00 30.58 61.16
Advance agnst. Dep. (Min. of A & B) 0.00 0.00 0.00 20.82 20.82
(e) Interest on Working Capital:
Table 7.6.5
Annual Receivables of Harduaganj Power Station required for calculation of Working Capital:
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Annual Capacity [Fixed] Charges 103.89 111.43 121.10 191.41 215.81
Cost of Fuel 237.19 240.85 136.87 271.26 345.68
Interest on Working Capital 13.52 13.97 10.67 17.23 20.71
Total Receivables 354.60 366.24 268.64 479.90 582.20
Table 7.6.6
Working Capital as determined by the commission
Sl.No. Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
1 Cost of Coal for 1 and ½ month* 28.09 28.57 16.20 33.04 41.21
2 Cost of Secondary Fuel Oil for 2 months* 2.08 2.05 1.21 1.15 2.66
3 Operation & Maintenance for 1 month 6.20 6.59 7.33 7.79 8.28
4 Maintenance Spares @20% O & M Exp. 14.89 15.82 17.60 18.70 19.87
5 Receivables equivalent to 2 months of fixed charges for sale of electricity 59.10 61.04 44.77 79.98 97.03
Page 58 of 96
Sl.No. Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
6 Total Working Capital 110.36 114.06 87.12 140.67 169.05
7 Rate of Interest 12.25 12.25 12.25 12.25 12.25
8 Interest on Working Capital 13.52 13.97 10.67 17.23 20.71
* The cost of fuel has been taken from Table 7.6.10
Table 7.6.7
IWC duing the Contrrol Period as claimed by UPRVUNL :
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Working Capital 134.18 146.34 175.68 189.23 204.00
Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%
I W C 16.44 17.93 21.52 23.18 24.99
(f) Capacity (Fixed) Charges per unit Generation
Table 7.6.8
Fixed Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 1.88 4.75 2.87 16.94 3.53 -13.41
Depreciation 9.70 10.55 0.85 14.70 10.55 -4.15
Advance against Depreciation
0.00 0.00 0.00 4.10 4.10 0.00
Return on Equity 12.25 12.73 0.48 12.25 12.73 0.48
O & M Expenses 74.43 74.43 0.00 79.08 79.08 0.00
Compensation Allowance
1.43 1.43 0.00 1.43 1.43 0.00
Interest on Working Capital
10.73 13.52 2.79 10.07 13.97 3.90
Total : 110.42 117.41 6.99 138.57 125.40 -13.17
Ex-bus Energy Sent Out (kwh)
611.00 852.79 241.79 456.00 840.11 384.11
Fixed Cost per Unit 1.81 1.38 -0.43 3.04 1.49 -1.55
Page 59 of 96
Particulars
FY 12 FY 13
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 50.01 2.25 -47.76 46.50 22.73 -23.77
Depreciation 28.96 10.55 -18.41 28.96 29.65 0.69
Advance against Depreciation
6.04 6.04 0.00 10.84 10.84 0.00
Return on Equity 26.20 12.73 -13.47 26.20 33.18 6.98
O & M Expenses 87.99 87.99 0.00 93.49 93.49 0.00
Compensation Allowance
1.53 1.53 0.00 1.53 1.53 0.00
Interest on Working Capital
15.92 10.67 -5.25 18.77 17.23 -1.54
Total : 216.65 131.77 -84.88 226.29 208.65 -17.64
Ex-bus Energy Sent Out (kwh)
850.63 474.60 -376.03 1037.79 912.03 -125.76
Fixed Cost per Unit 2.55 2.78 0.23 2.18 2.29 0.11
Particulars
FY 14
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 42.99 41.27 -1.72
Depreciation 28.96 29.65 0.69
Advance against Depreciation
10.84 10.84 0.00
Return on Equity 26.20 33.18 6.98
O & M Expenses 99.34 99.34 0.00
Compensation Allowance 1.53 1.53 0.00
Interest on Working Capital 20.16 20.71 0.55
Total : 230.02 236.52 6.50
Ex-bus Energy Sent Out (kwh)
1105.00 1105.47 0.47
Fixed Cost per Unit 2.08 2.14 0.06
7.6.2.2 Variable Charges:
(a) Weighted Average Cost and Gross Calorific Value of Coal and Oil
Page 60 of 96
Table 7.6.9 Weighted Average Cost and Gross Calorific Value of Coal and Oil
for F.Y. 2009-10.
Month
Weighted Average of
Landed Cost of Oil
Weighted Average of
Gross Calorific value
of Oil
Weighted Average of
Landed Cost of Coal
Weighted Average of Gross Calorific
value of Coal
(Rs./kl) KCAL/Ltr. (Rs./mt) (Rs.KCAL/KG)
April' 2009 19143.22 10048.00 2579.95 3560.00
May' 2009 19143.22 10048.00 2633.71 3722.00
June’ 2009 19143.22 10048.00 2559.62 3971.00
July’ 2009 25777.13 10048.00 2579.27 4216.00
Aug’ 2009 27603.32 10067.00 2484.81 3928.00
Sept’ 2009 27603.32 10067.00 2491.43 3910.00
Oct’ 2009 35474.12 10067.00 2657.58 3852.00
Nov’ 2009 35474.12 10067.00 2731.65 3979.00
Dec’ 2009 35474.12 10067.00 3103.69 3868.00
Jan’ 2010 35474.12 10067.00 3117.03 3796.00
Feb’ 2010 35474.12 10067.00 2941.20 3962.00
Mar’ 2010 29061.19 10067.00 3144.49 4033.00
Total: 344845.22 120728.00 33024.43 46797.00
Monthly Weighted Avg. 28737.10 10060.67 2752.04 3899.75
(b) Variable charge per unit of Generation:
Table 7.6.10
Variable charge per unit of generation for Harduaganj Power Station
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Capacity MW 220 (4/10 to
5/3/11) 220 (4/12 to
30/6/12)115 115 235
MW (6/3/11 to
31/3/11)115 (07/12 to
03/11)235 235 235
Average Capacity MW 220 212 115 205 235
Target Availability % 55 56 58 61 65
Plant Load Factor (PLF) % 50 51 53 (4/12 to
6/12) 56 60
Plant Load Factor (PLF) % (7/12 to
3/13) 56
Average(PLF) 50 51 53 56 60
Gross Station Heat Rate Kcal/kWh 3350 3300 3250 (4/12 to
6/12) 3200 3150
Kcal/kWh (7/12 to
3/13) 3200
Auxiliary Energy Consumption % 11.5 11.3 11.1 (4/12 to
6/12) 10.9 10.5
(7/12 to
Page 61 of 96
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
3/13) 10.9
Gross Generation MU 963.6 947.1 533.9 1023.6 1235.2
Total Gross Generation MU 963.6 947.1 533.9 1023.6 1235.2
Auxiliary Energy Consumption MU 110.81 107.03 59.32 111.57 129.69
Ex-bus Energy Sent Out MU 852.79 840.11 474.60 912.03 1105.47
Specific Oil Consumption ml/Kwh 4.5 4.3 4.1 3.9 3.7
Weighted Average (GCV) of Oil KCal/Lt. 10061 10061 10061 10061 10061
Price of Oil Rs./KL 28737 30174 31683 33267 34930
Weighted Average (GCV) of Coal KCal/kg. 3900 3900 3900 3900 3900
Price of Coal Rs./Mt. 2752 2890 3034 3186 3345
Heat Contribution from SFO Kcal/Kwh 45 43 41 39 38
Total Oil Consumption KL 4336.2 4073 2296 2083 4570
Total Oil Consumption KL 4336.2 4073 2296 2083 4570
Heat Contribution from Coal Kcal/kWh 3305 3257 3209 3161 3112
Specific Coal Consumption Kg/Kwh 0.85 0.84 0.80 0.81 0.80
Coal Consumption MMT 0.817 0.791 0.427 0.830 0.986
Total Coal Consumption MMT 0.817 0.791 0.427 0.830 0.986
Total Cost of Oil @ Rs. Rs. in Cr. 12.46 12.29 7.27 6.93 15.96
Total Cost of Coal @ Rs. Rs. in Cr. 224.72 228.56 129.60 264.33 329.71
Total Cost of Fuel (Oil & Coal) Rs. in Cr. 237.19 240.85 136.87 271.26 345.68
Rate of Energy Charges from secondary Fuel Oil Ex-bus Paise/Kwh 14.61 14.63 15.33 7.60 14.44
Rate of Energy Charges from Coal Ex-bus Paise/Kwh 263.52 272.06 273.07 289.82 298.26
Rate of Energy Charges Ex-bus per Kwh Paise/Kwh 278.13 286.69 288.39 297.42 312.70
(c) Adjustment of Rate of Energy Charge on Account of Variation in price or Heat Value of Fuels:
As per UPERC MYT Order dated January 20, 2011
7.6.2.3 Total Charges (Cost):
Table 7.6.11
Total Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 1.88 4.75 2.87 16.94 3.53 -13.41
Page 62 of 96
Particulars
FY 10 FY 11
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Depreciation 9.70 10.55 0.85 14.70 10.55 -4.15
A A D 0.00 0.00 0.00 4.10 4.10 0.00
Return on Equity 12.25 12.73 0.48 12.25 12.73 0.48
O & M Expenses 74.43 74.43 0.00 79.08 79.08 0.00
Com. Allowance 1.43 1.43 0.00 1.43 1.43 0.00
I W C 10.73 13.52 2.79 10.07 13.97 3.90
Fixed Cost (Rs. in Crs.) 110.42 117.41 6.99 138.57 125.40 -13.17
F. C. per Unit (In Paise) 181 138 -43 304 149 -155
V. C. on Fuel (Rs. in Crs.) 169.85 237.19 67.34 130.72 240.85 110.13
V. C. per Unit (In paise) 278 278 0 287 287 0
Total Cost (Rs. in Crs.) 280.27 354.60 74.33 269.29 366.25 96.96
Ex-bus Energy Sent Out (kwh) 611.00 852.79 241.79 456.00 840.11 384.11
Total Cost per Unit (In Paise) 459 416 -43 591 436 -155
Particulars
FY 12 FY 13
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 50.01 2.25 -47.76 46.50 22.73 -23.77
Depreciation 28.96 10.55 -18.41 28.96 29.65 0.69
A A D 6.04 6.04 0.00 10.84 10.84 0.00
Return on Equity 26.20 12.73 -13.47 26.20 33.18 6.98
O & M Expenses 87.99 87.99 0.00 93.49 93.49 0.00
Com. Allowance 1.53 1.53 0.00 1.53 1.53 0.00
I W C 15.92 10.67 -5.25 18.77 17.23 -1.54
Fixed Cost (Rs. in Crs.) 216.65 131.77 -84.88 226.29 208.65 -17.64
F. C. per Unit (In Paise) 255 278 23 218 229 11
V. C. on Fuel (Rs. in Crs.) 243.76 136.87 -106.89 313.90 271.26 -42.64
V. C. per Unit (In paise) 287 288 2 302 297 -5
Total Cost (Rs. in Crs.) 460.41 268.64 -191.77 540.19 479.90 -60.29
Ex-bus Energy Sent Out (kwh) 850.63 474.60 -376.03 1037.79 912.03 -125.76
Total Cost per Unit (In Paise) 541 566 25 521 526 6
Page 63 of 96
Particulars
FY 14
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 42.99 41.27 -1.72
Depreciation 28.96 29.65 0.69
A A D 10.84 10.84 0.00
Return on Equity 26.20 33.18 6.98
O & M Expenses 99.34 99.34 0.00
Com. Allowance 1.53 1.53 0.00
I W C 20.16 20.71 0.55
Fixed Cost (Rs. in Crs.) 230.02 236.52 6.50
F. C. per Unit (In Paise) 208 214 6
V. C. on Fuel (Rs. in Crs.) 345.63 345.68 0.05
V. C. per Unit (In paise) 313 313 0
Total Cost (Rs. in Crs.) 575.65 582.20 6.55
Ex-bus Energy Sent Out (kwh) 1105.00 1105.47 0.47
Total Cost per Unit (In Paise) 521 527 6
Page 64 of 96
Section - 7
Multi Year Tariff
for
Parichha
Thermal Power Station
for
FY 2009-10 to 2013-14
Page 65 of 96
7.7.1 ARR and MYT as determined by the Commission vide order dated January 20, 2011.
Table 7.7.1
Parichha 2009-10 2010-11 2011-12 2012-13 2013-14
Energy Sent out (MU) 1023 1043 1079 1133 1205
Fixed Charges (Rs./Unit) 0.94 1.05 1.05 1.04 1.01
Variable Charges (Rs./Unit) 2.58 2.67 2.77 2.87 2.98
Total Charges (Rs./Unit) 3.52 3.73 3.82 3.91 3.99
ARR (Rs. In Cr.) 360.48 388.88 412.54 442.90 480.37
7.7.2 ARR and MYT as determined by the Commission as a result of review.
7.7.2.1 Capacity (Fixed) Charges
(a) Provisions under Regulations:
Table 7.7.2
Components of Fixed Charge Value Remark
Return on equity 15.5% As per the Regulations
Interest on Loans 12.52% Weighted average of interest on loans for FY 2012-13 & FY 2013-14 as per form 13 of ARR
O & M Expenses As per petition
Compensation Allowance Rs. 0.65 lacs /MW As per the Regulations
Advance Against Depreciation Zero As per the Regulations
Interest on working capital 12.25 % As per the Regulations
(b) Gross Fixed Assets (GFA) and its Components
Table 7.7.3
Calculation of GFA & NFA including financing
PARICHHA Power Station 2009-10 2010-11 2011-12 2012-13 2013-14 Op. GFA 222.46 222.66 282.36 282.36 282.36
Additions 0.20 59.70 0.00 0.00 0.00 Cl. GFA 222.66 282.36 282.36 282.36 282.36
Page 66 of 96
PARICHHA Power Station 2009-10 2010-11 2011-12 2012-13 2013-14
Cl. Net FA 84.29 133.98 123.89 113.81 103.72
Financing:
Op. Equity 54.16 54.16 72.06 72.06 72.06 Additions 0.00 17.90 0.00 0.00 0.00
Cl. Equity 54.16 72.06 72.06 72.06 72.06
Op. Accu Dep. 130.47 138.37 148.38 158.47 168.55
Dep. during the year 7.90 10.01 10.09 10.08 10.08 Cl. Accu. Dep. 138.37 148.38 158.47 168.55 178.64
Op. Debts 37.83 30.13 61.92 51.83 41.75 Additions 0.20 41.80 0.00 0.00 0.00
Less: Depreciation 7.90 10.01 10.09 10.08 8.61 Cl. Debts 30.13 61.92 51.83 41.75 33.13
(c) RoE, Depreciation, O & M and Interest on Loans
Table 7.7.4
Details of RoE, Depreciation, AAD, Interest on Loans, O & M and Com. Allowance
Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14
1 Return on Equity 8.39 11.17 11.17 11.17 11.17
2 Depreciation 7.90 10.01 10.09 10.08 10.08
3 A A D 0.00 0.00 0.00 0.00 0.00
4 Interest on Debts 4.25 5.76 7.12 5.86 4.69
5 O & M Expenses 61.59 65.17 68.96 72.97 77.22
6 Com. Allowance 1.43 1.43 1.43 1.43 1.43
Total: 83.57 93.54 98.77 101.51 104.59
(d) Interest on Working Capital:
Table 7.7.5
Annual Receivables of Parichha Power Station required for calculation of Working Capital:
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Annual Capacity [Fixed] Charges 83.57 93.54 98.77 101.51 104.59
Cost of Fuel 263.82 278.87 299.09 325.56 358.63
Interest on Working Capital 13.60 14.49 15.47 16.64 18.06
Total Receivables 360.99 386.89 413.33 443.71 481.28
Page 67 of 96
Table 7.7.6 Working Capital and Interest thereon as determined by the commission
Sl.No. Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
1 Cost of Coal for 1 and ½ month* 31.65 33.49 35.96 39.18 43.20
2 Cost of Secondary Fuel Oil for 2 months* 1.76 1.82 1.91 2.02 2.17
3 Operation & Maintenance for 1 month 5.13 5.43 5.75 6.08 6.44
4 Maintenance Spares @20% O & M Exp. 12.32 13.03 13.79 14.59 15.44
5 Receivables equivalent to 2 months of fixed charges for sale of electricity 60.16 64.48 68.89 73.95 80.21
6 Working Capital 111.03 118.26 126.29 135.83 147.46
7 Rate of Interest 12.25 12.25 12.25 12.25 12.25
8 I W C 13.60 14.49 15.47 16.64 18.06
* The cost of fuel has been taken from Table 7.7.10
Table 7.7.7
IWC duing the Contrrol Period as claimed by UPRVUNL :
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Working Capital 114.08 122.44 132.61 148.23 161.08
Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%
I W C 13.97 15.00 16.24 18.16 19.73
(e) Capacity (Fixed) Charges per unit of Generation
Table 7.7.8
Fixed Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commissio
n on Review
Diff. (if
any)
Interest on Loan 3.50 4.25 0.75 7.48 5.76 -1.72
Depreciation 7.95 7.90 -0.05 10.05 10.01 -0.04
Advance against Depreciation
0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 8.87 8.39 -0.48 11.64 11.17 -0.47
O & M Expenses 61.59 61.59 0.00 65.17 65.17 0.00
Compensation Allowance
1.43 1.43 0.00 1.43 1.43 0.00
Interest on Working Capital
13.32 13.60 0.28 14.24 14.49 0.25
Total : 96.66 97.17 0.51 110.01 108.02 -1.99
Ex-bus Energy Sent Out (kwh)
1023.00 1023.00 0.00 1043.00 1043.00 0.00
Fixed Cost per Unit 0.94 0.95 0.01 1.05 1.04 -0.02
Page 68 of 96
Particulars
FY 12 FY 13
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 6.22 7.12 0.90 4.96 5.86 0.90
Depreciation 10.05 10.09 0.04 10.05 10.08 0.03
Advance against Depreciation
0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 11.64 11.17 -0.47 11.64 11.17 -0.47
O & M Expenses 68.96 68.96 0.00 72.97 72.97 0.00
Compensation Allowance
1.43 1.43 0.00 1.43 1.43 0.00
Interest on Working Capital
15.15 15.47 0.32 16.29 16.64 0.35
Total : 113.45 114.24 0.79 117.34 118.15 0.81
Ex-bus Energy Sent Out (kwh)
1079.00 1079.00 0.00 1133.00 1133.00 0.00
Fixed Cost per Unit 1.05 1.06 0.01 1.04 1.04 0.01
Particulars
FY 14
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 3.70 4.69 0.99
Depreciation 10.05 10.08 0.03
Advance against Depreciation 0.00 0.00 0.00
Return on Equity 11.64 11.17 -0.47
O & M Expenses 77.22 77.22 0.00
Compensation Allowance 1.43 1.43 0.00
Interest on Working Capital 17.68 18.06 0.38
Total : 121.72 122.66 0.94
Ex-bus Energy Sent Out (kwh) 1205.00 1205.00 0.00
Fixed Cost per Unit 1.01 1.02 0.01
7.7.2.2 Variable Charges:
(a) Weighted Average Cost and Gross Calorific Value of Coal and Oil
Page 69 of 96
Table 7.7.9 Weighted Average Cost and Gross Calorific Value of Coal and Oil
for F.Y. 2009-10
Month
Weighted Average of
Landed Cost of Oil
Weighted Average of
Gross Calorific value of Oil
Weighted Average of
Landed Cost of Coal
Weighted Average of
Gross Calorific
value of Coal
(Rs./kl) KCAL/Ltr. (Rs./mt) (Rs.KCAL/KG)
April' 2009 23418.33 9998.74 2470.29 3327.07
May' 2009 22434.31 9928.32 2740.00 3374.38
June’ 2009 28700.35 9845.18 2288.15 3170.67
July’ 2009 33267.20 9518.61 2229.65 3182.83
Aug’ 2009 28620.58 9855.58 2248.85 3233.79
Sept’ 2009 30502.66 9914.80 2216.17 3334.08
Oct’ 2009 33450.87 9816.10 2281.27 3401.51
Nov’ 2009 30615.64 9925.38 2246.14 3370.30
Dec’ 2009 31075.39 9792.34 2415.49 3310.43
Jan’ 2010 31430.44 9893.23 2490.28 3200.53
Feb’ 2010 36331.65 9823.80 2450.82 3212.21
Mar’ 2010 36331.65 9823.80 1984.61 3209.23
Total: 366179.07 118135.88 28061.72 39327.03 Monthly
Weighted Avg. 30514.92 9844.66 2338.48 3277.25
(b) Variable charge per unit of Generation:
Table 7.7.10 Variable charge per unit of generation for Parichha Power Station
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Capacity MW 220 220 220 220 220
Plant Load Factor (PLF) % 60 61 63 66 70
Gross Station Heat Rate Kcal/kWh 3100 3070 3040 3010 2980
Auxiliary Energy Consumption % 11.5 11.3 11.1 10.9 10.7
Gross Generation MU 1156 1176 1214 1272 1349
Auxiliary Energy Consumption MU 133 133 135 139 144
Ex-bus Energy Sent Out MU 1023 1043 1079 1133 1205
Specific Oil Consumption ml/Kwh 3 2.9 2.8 2.7 2.6
Weighted Average (GCV) of Oil KCal/Lt. 9845 9845 9845 9845 9845
Price of Oil Rs./KL 30515 32041 33643 35325 37091
Weighted Average (GCV) of Coal KCal/kg. 3277 3277 3277 3277 3277
Price of Coal Rs./Mt. 2338 2455 2578 2707 2842
Heat Contribution from SFO Kcal/Kwh 30 29 28 27 26
Page 70 of 96
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Total Oil Consumption KL 3468 3410 3399 3434 3507
Heat Contribution from Coal Kcal/kWh 3070 3041 3012 2983 2954
Specific Coal Consumption Kg/Kwh 0.94 0.93 0.92 0.91 0.90
Coal Consumption MMT 1.083 1.091 1.116 1.158 1.216
Total Cost of Oil @ Rs. Rs. in Cr. 10.58 10.93 11.44 12.13 13.01
Total Cost of Coal @ Rs. Rs. in Cr. 253.23 267.94 287.66 313.42 345.62
Total Cost of Fuel (Oil & Coal) Rs. in Cr. 263.82 278.87 299.09 325.56 358.63
Rate of Energy Charges from secondary Fuel Oil Ex-bus Paise/Kwh 10.34 10.48 10.60 10.71 10.80
Rate of Energy Charges from Coal Ex-bus Paise/Kwh 247.54 256.89 266.60 276.63 286.82
Rate of Energy Charges Ex-bus per Kwh Paise/Kwh 257.88 267.37 277.19 287.34 297.62
(c) Adjustment of Rate of Energy Charge on Account of Variation in
price or Heat Value of Fuels:
As per UPERC MYT Order dated January 20, 2011
7.7.2.3 Total Charges (Cost):
Table 7.7.11
Total Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined by the
Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 3.50 4.25 0.75 7.48 5.76 -1.72
Depreciation 7.95 7.90 -0.05 10.05 10.01 -0.04
A A D 0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 8.87 8.39 -0.48 11.64 11.17 -0.47
O & M Expenses 61.59 61.59 0.00 65.17 65.17 0.00
Com. Allowance 1.43 1.43 0.00 1.43 1.43 0.00
I W C 13.32 13.60 0.28 14.24 14.49 0.25
Fixed Cost (Rs. in Crs.) 96.66 97.17 0.51 110.01 108.02 -1.99
F. C. per Unit (In Paise) 94 95 1 105 104 -2
V. C. on Fuel (Rs. in Crs.) 263.82 263.82 0.00 278.87 278.87 0.00
V. C. per Unit (In paise) 258 258 0 267 267 0
Total Cost (Rs. in Crs.) 360.48 360.99 0.51 388.88 386.89 -1.99
Ex-bus Energy Sent Out (kwh)
1023.00 1023.00 0.00 1043.00 1043.00 0.00
Total Cost per Unit (In Paise)
352 353 0 373 371 -2
Page 71 of 96
Particulars
FY 12 FY 13
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 6.22 7.12 0.90 4.96 5.86 0.90
Depreciation 10.05 10.09 0.04 10.05 10.08 0.03
A A D 0.00 0.00 0.00 0.00 0.00 0.00
Return on Equity 11.64 11.17 -0.47 11.64 11.17 -0.47
O & M Expenses 68.96 68.96 0.00 72.97 72.97 0.00
Com. Allowance 1.43 1.43 0.00 1.43 1.43 0.00
I W C 15.15 15.47 0.32 16.29 16.64 0.35
Fixed Cost (Rs. in Crs.) 113.45 114.24 0.79 117.34 118.15 0.81
F. C. per Unit (In Paise) 105 106 1 104 104 1
V. C. on Fuel (Rs. in Crs.) 299.09 299.09 0.00 325.56 325.56 0.00
V. C. per Unit (In paise) 277 277 0 287 287 0
Total Cost (Rs. in Crs.) 412.54 413.34 0.80 442.90 443.71 0.81
Ex-bus Energy Sent Out (kwh) 1079.00 1079.00 0.00 1133.00 1133.00 0.00
Total Cost per Unit (In Paise) 382 383 1 391 392 1
Particulars
FY 14
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 3.70 4.69 0.99
Depreciation 10.05 10.08 0.03
A A D 0.00 0.00 0.00
Return on Equity 11.64 11.17 -0.47
O & M Expenses 77.22 77.22 0.00
Com. Allowance 1.43 1.43 0.00
I W C 17.68 18.06 0.38
Fixed Cost (Rs. in Crs.) 121.72 122.66 0.94
F. C. per Unit (In Paise) 101 102 1
V. C. on Fuel (Rs. in Crs.) 358.63 358.63 0.00
V. C. per Unit (In paise) 298 298 0
Total Cost (Rs. in Crs.) 480.35 481.29 0.94
Ex-bus Energy Sent Out (kwh) 1205.00 1205.00 0.00
Total Cost per Unit (In Paise) 399 399 1
Page 72 of 96
Section - 8
Multi Year Tariff
for
Parichha Extension
Thermal Power Station
for
FY 2009-10 to 2013-14
Page 73 of 96
7.8.1 ARR and MYT as determined by the Commission vide order
dated January 20, 2011.
Table 7.8.1
Parichha Extension 2009-10 2010-11 2011-12 2012-13 2013-14
Energy Sent out (MU) 2678 2678 2678 2678 2678
Fixed Charges (Rs./Unit) 1.43 1.51 1.50 1.49 1.47
Variable Charges (Rs./Unit) 2.16 2.26 2.38 2.50 2.62
Total Charges (Rs./Unit) 3.58 3.77 3.87 3.99 4.10
ARR (Rs. in Cr.) 959.18 1009.79 1037.54 1067.24 1096.87
7.8.2 ARR and MYT as determined by the Commission as a result of Review
7.8.2.1 Capacity (Fixed) Charges
(a) Provisions under Regulations:
Table 7.8.2
Components of Fixed Charge Value Remark
Return on equity 15.5% As per the Regulations
Interest on Loans 9.06% to 10.78% Rate of Interest on Loans as claimed in different years on form 13 of ARR by UPRVUNL
O & M Expenses Normative As per the Regulations
Compensation Allowance Rs. 0.65 lacs /MW As per the Regulations
Advance Against Depreciation
Zero As per the Regulations
Interest on working capital 12.25 % As per the Regulations
(b) Gross Fixed Assets (GFA) and its Components
Table 7.8.3
Page 74 of 96
Calculation of GFA & NFA including financing
Parichha Extension Thermal Power
Station 2009-10 2010-11 2011-12 2012-13 2013-14
Op. GFA 1709.81 1863.21 1863.21 1863.21 1863.21
Additions 153.40 0.00 0.00 0.00 0.00
Cl. GFA 1863.21 1863.21 1863.21 1863.21 1863.21
Cl. Net FA 1623.27 1498.05 1372.83 1247.61 1122.39
Financing:
Op. Equity 343.20 365.00 365.00 365.00 365.00
Additions 21.80 0.00 0.00 0.00 0.00
Cl. Equity 365.00 365.00 365.00 365.00 365.00
Op. Accu Dep. 135.94 239.94 365.16 490.38 615.60
Dep. during the year 67.19 67.19 67.19 67.19 67.19
A A D 36.81 58.03 58.03 58.03 58.03
Cl. Accu. Dep. 239.94 365.16 490.38 615.60 740.82
Op. Debts 1230.67 1258.27 1133.05 1007.83 882.61
Additions 131.60 0.00 0.00 0.00 0.00
Less: Depreciation 104.00 125.22 125.22 125.22 125.22
Cl. Debts 1258.27 1133.05 1007.83 882.61 757.39
(c) RoE, Depreciation, O & M and Interest on Loans
Table 7.8.4
Details of RoE, Depreciation, A A D, Interest on Loans and O&M
Sl.No. Particular 2009-10 2010-11 2011-12 2012-13 2013-14
1 Return on Equity 56.58 56.58 56.58 56.58 56.58
2 Depreciation 67.19 67.19 67.19 67.19 67.19
3 A A D 36.81 58.03 58.03 58.03 58.03
4 Interest on Debts 112.75 108.33 96.98 85.64 74.29
5 O & M Expenses 76.44 80.81 85.43 90.34 95.51
6 Com. Allowance 0.00 0.00 0.00 0.00 0.00
Total: 349.76 370.93 364.20 357.77 351.60
Page 75 of 96
Table 7.8.4 (a)
Calculation of Advance Against Depreciation (Rs. in Crore)
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
1/10 of Loans 140.40 149.03 149.03 149.03 149.03
Repayments of Loans 121.11 125.22 125.22 125.22 125.22
Minimum of the above 121.11 125.22 125.22 125.22 125.22
Less: Dep. during the year 67.19 67.19 67.19 67.19 67.19
(A) 53.92 58.03 58.03 58.03 58.03 Cumul. Repayment of Loans 238.11 363.33 488.56 613.78 739.00
Less: Cumul. Depreciation 201.30 268.49 335.68 402.87 470.06
(B) 36.81 94.84 152.88 210.91 268.94 Advance agnst. Dep. (Min. of A & B) 36.81 58.03 58.03 58.03 58.03
(d) Interest on Working Capital:
Table 7.8.5
Annual Receivables of Parichha Extension Power Station required for calculation of Working Capital:
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Annual Capacity [Fixed] Charges
349.76 370.93 364.20 357.77 351.60
Cost of Fuel 577.48 606.36 636.67 668.51 701.93
Interest on Working Capital 31.15 32.81 33.94 35.15 36.43
Total Receivables 958.40 1010.10 1034.82 1061.43 1089.96
Table 7.8.6
Working Capital and Interest thereon as determined by the commission
Sl.No. Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
1 Cost of Coal for 1 and ½ month* 69.94 73.44 77.11 80.96 85.01
2 Cost of Secondary Fuel Oil for 2 months* 2.99 3.14 3.30 3.47 3.64
3 Operation & Maintenance for 1 month 6.37 6.73 7.12 7.53 7.96
4 Maintenance Spares @20% O & M Exp. 15.29 16.16 17.09 18.07 19.10
5
Receivables equivalent to 2 months of fixed charges for sale of electricity 159.73 168.35 172.47 176.91 181.66
6 Total Working Capital 254.32 267.83 277.08 286.93 297.37
7 Rate of Interest 12.25 12.25 12.25 12.25 12.25
8 Interest on Working Capital 31.15 32.81 33.94 35.15 36.43 * The cost of fuel has been taken from Table 7.8.10
Page 76 of 96
Table 7.8.7
IWC duing the Contrrol Period as claimed by UPRVUNL :
Particulars 2009-10 2010-11 2011-12 2012-13 2013-14
Working Capital 253.62 267.53 277.30 287.69 298.32
Rate of Interest 12.25% 12.25% 12.25% 12.25% 12.25%
I W C 31.07 32.77 33.97 35.24 36.54
(e) Capacity (Fixed) Charges per unit of Generation
Table 7.8.8
Fixed Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 114.12 112.75 -1.37 108.67 108.33 -0.34
Depreciation 67.20 67.19 -0.01 67.20 67.19 -0.01
Advance against Depreciation
36.82 36.81 0.00 58.04 58.03 0.00
Return on Equity 56.58 56.58 0.00 56.58 56.58 0.00
O & M Expenses 76.44 76.44 0.00 80.81 80.81 0.00
Compensation Allowance
0.00 0.00 0.00 0.00 0.00 0.00
Interest on Working Capital
30.55 31.15 0.60 32.15 32.81 0.66
Total : 381.71 380.92 -0.78 403.45 403.74 0.30
Ex-bus Energy Sent Out (kwh)
2678.00 2678.00 0.00 2678.00 2678.00 0.00
Cost per Unit 1.43 1.42 0.00 1.51 1.51 0.00
Particulars
FY 12 FY 13
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 100.30 96.98 -3.32 92.01 85.64 -6.37
Depreciation 67.20 67.19 -0.01 67.20 67.19 -0.01
Advance against Depreciation
58.04 58.03 0.00 58.04 58.03 0.00
Return on Equity 56.58 56.58 0.00 56.58 56.58 0.00
O & M Expenses 85.43 85.43 0.00 90.34 90.34 0.00
Page 77 of 96
Compensation Allowance
0.00 0.00 0.00 0.00 0.00 0.00
Interest on Working Capital
33.32 33.94 0.62 34.56 35.15 0.59
Total : 400.87 398.15 -2.71 398.73 392.92 -5.80
Ex-bus Energy Sent Out (kwh)
2678.00 2678.00 0.00 2678.00 2678.00 0.00
Cost per Unit 1.50 1.49 -0.01 1.49 1.47 -0.02
Particulars
FY 14
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 81.78 74.29 -7.49
Depreciation 67.20 67.19 -0.01
Advance against Depreciation 58.04 58.03 0.00
Return on Equity 56.58 56.58 0.00
O & M Expenses 95.51 95.51 0.00
Compensation Allowance 0.00 0.00 0.00
Interest on Working Capital 35.84 36.43 0.59
Total : 394.95 388.02 -6.92
Ex-bus Energy Sent Out (kwh) 2678.00 2678.00 0.00
Cost per Unit 1.47 1.45 -0.03
7.8.2.2 Variable Charges:
(a) Weighted Average Cost and Gross Calorific Value of Coal and Oil
Table 7.8.9 Weighted Average Cost and Gross Calorific Value of Coal and Oil
for F.Y. 2009-10
Month
Weighted Average of
Landed Cost of Oil
Weighted Average of
Gross Calorific
value of Oil
Weighted Average of
Landed Cost of Coal
Weighted Average of
Gross Calorific
value of Coal
(Rs./kl) KCAL/Ltr. (Rs./mt) (Rs.KCAL/KG)
April' 2009 23418.33 9966.08 2470.29 3582.45
May' 2009 22434.31 9940.28 2740.00 3955.89
June’ 2009 28700.35 9986.01 2703.42 3372.93
July’ 2009 33267.20 9871.09 2818.36 3406.07
Aug’ 2009 28620.58 9976.59 3119.19 3411.67
Sept’ 2009 30502.66 9934.13 3096.42 3550.22
Page 78 of 96
Month
Weighted Average of
Landed Cost of Oil
Weighted Average of
Gross Calorific
value of Oil
Weighted Average of
Landed Cost of Coal
Weighted Average of
Gross Calorific
value of Coal
(Rs./kl) KCAL/Ltr. (Rs./mt) (Rs.KCAL/KG)
Oct’ 2009 33450.87 9917.02 3493.16 3481.06
Nov’ 2009 30615.64 9932.20 2446.14 3493.79
Dec’ 2009 31075.39 9874.74 2415.49 3482.65
Jan’ 2010 31430.44 9966.98 2490.28 3441.39
Feb’ 2010 36331.65 9854.61 2450.82 3385.01
Mar’ 2010 36331.65 9854.61 1984.61 3476.70
Total: 366179.07 119074.34 32228.18 42039.83 Monthly
Weighted Avg. 30514.92 9922.86 2685.68 3503.32
(b) Variable charge per unit of Generation:
Table 7.8.10
Variable charge per unit of generation for Parichha Extension Power Station
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Capacity MW 420 420 420 420 420
Availibility Factor % 80 80 80 80 80
Plant Load Factor (PLF) % 80 80 80 80 80
Gross Station Heat Rate Kcal/kWh 2500 2500 2500 2500 2500
Auxiliary Energy Consumption
% 9.0 9.0 9.0 9.0 9.0
Gross Generation MU 2943 2943 2943 2943 2943
Auxiliary Energy Consumption
MU 265 265 265 265 265
Ex-bus Energy Sent Out MU 2678 2678 2678 2678 2678
Specific Oil Consumption ml/Kwh 2 2 2 2 2.0
Weighted Average (GCV) of Oil
KCal/Lt. 9923 9923 9923 9923 9923
Price of Oil Rs./KL 30515 32041 33643 35325 37091
Weighted Average (GCV) of Coal
KCal/kg. 3503 3503 3503 3503 3503
Price of Coal Rs./Mt. 2686 2820 2961 3109 3264
Heat Contribution from SFO
Kcal/Kwh 20 20 20 20 20
Total Oil Consumption KL 5886 5886 5886 5886 5886
Heat Contribution from Coal
Kcal/kWh 2480 2480 2480 2480 2480
Specific Coal Consumption Kg/Kwh 0.71 0.71 0.71 0.71 0.71
Coal Consumption MMT 2.083 2.083 2.083 2.083 2.083
Total Cost of Oil @ Rs. Rs. in Cr. 17.96 18.86 19.80 20.79 21.83
Total Cost of Coal @ Rs. Rs. in Cr. 559.52 587.50 616.87 647.72 680.10
Page 79 of 96
Total Cost of Fuel (Oil & Coal)
Rs. in Cr. 577.48 606.36 636.67 668.51 701.93
Rate of Energy Charges from secondary Fuel Oil Ex-bus
Paise/Kwh 6.71 7.04 7.39 7.76 8.15
Rate of Energy Charges from Coal Ex-bus
Paise/Kwh 208.93 219.38 230.35 241.87 253.96
Rate of Energy Charges Ex-bus per Kwh
Paise/Kwh 215.64 226.42 237.74 249.63 262.11
(c) Adjustment of Rate of Energy Charge on Account of Variation in price or Heat Value of Fuels:
As per UPERC MYT Order dated January 20, 2011
7.8.2.3 Total Charges (Cost):
Table 7.8.11
Total Charges as approved earlier and as revised by the Commission
Particulars
FY 10 FY 11
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if
any)
Interest on Loan 114.12 112.75 -1.37 108.67 108.33 -0.34
Depreciation 67.20 67.19 -0.01 67.20 67.19 -0.01
A A D 36.82 36.81 -0.01 58.04 58.03 -0.01
Return on Equity 56.58 56.58 0.00 56.58 56.58 0.00
O & M Expenses 76.44 76.44 0.00 80.81 80.81 0.00
Com. Allowance 0.00 0.00 0.00 0.00 0.00 0.00
I W C 30.55 31.15 0.60 32.15 32.81 0.66
Fixed Cost (Rs. in Crs.) 381.71 380.92 -0.79 403.45 403.74 0.29
F. C. per Unit (In Paise) 143 142 0 151 151 0
V. C. on Fuel (Rs. in Crs.) 577.48 577.48 0.00 606.36 606.36 0.00
V. C. per Unit (In paise) 216 216 0 226 226 0
Total Cost (Rs. in Crs.) 959.19 958.40 -0.79 1009.81 1010.09 0.28
Ex-bus Energy Sent Out (kwh) 2678.00 2678.00 0.00 2678.00 2678.00 0.00
Total Cost per Unit (In Paise) 358 358 0 377 377 0
Page 80 of 96
Particulars
FY 12 FY 13
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
As approved by the
Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 100.30 96.98 -3.32 92.01 85.64 -6.37
Depreciation 67.20 67.19 -0.01 67.20 67.19 -0.01
A A D 58.04 58.03 -0.01 58.04 58.03 -0.01
Return on Equity 56.58 56.58 0.00 56.58 56.58 0.00
O & M Expenses 85.43 85.43 0.00 90.34 90.34 0.00
Com. Allowance 0.00 0.00 0.00 0.00 0.00 0.00
I W C 33.32 33.94 0.62 34.56 35.15 0.59
Fixed Cost (Rs. in Crs.) 400.87 398.15 -2.72 398.73 392.92 -5.81
F. C. per Unit (In Paise) 150 149 -1 149 147 -2
V. C. on Fuel (Rs. in Crs.) 636.67 636.67 0.00 668.51 668.51 0.00
V. C. per Unit (In paise) 238 238 0 250 250 0
Total Cost (Rs. in Crs.) 1037.54 1034.82 -2.72 1067.24 1061.43 -5.81
Ex-bus Energy Sent Out (kwh) 2678.00 2678.00 0.00 2678.00 2678.00 0.00
Total Cost per Unit (In Paise) 387 386 -1 399 396 -2
Particulars
FY 14
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff. (if any)
Interest on Loan 81.78 74.29 -7.49
Depreciation 67.20 67.19 -0.01
A A D 58.04 58.03 -0.01
Return on Equity 56.58 56.58 0.00
O & M Expenses 95.51 95.51 0.00
Com. Allowance 0.00 0.00 0.00
I W C 35.84 36.43 0.59
Fixed Cost (Rs. in Crs.) 394.95 388.02 -6.93
F. C. per Unit (In Paise) 147 145 -3
V. C. on Fuel (Rs. in Crs.) 701.93 701.93 0.00
V. C. per Unit (In paise) 262 262 0
Total Cost (Rs. in Crs.) 1096.88 1089.96 -6.92
Ex-bus Energy Sent Out (kwh) 2678.00 2678.00 0.00
Total Cost per Unit (In Paise) 410 407 -3
Page 81 of 96
Section - 9
Multi Year Tariff
for
Harduaganj Extension
Thermal Power Station
for
FY 2009-10 to 2013-14
Page 82 of 96
7.9.1 ARR and MYT as determined by the Commission vide order dated January 20, 2011
Table 7.9.1
Harduaganj Extension Thermal Power Station
2010-11 2011-12 2012-13 2013-14
Energy Sent out (MU) 3388 3388 3388 3388
Fixed Charges (Rs./Unit) 1.57 1.57 1.71 1.68
Variable Charges (Rs./Unit) 2.06 2.16 2.27 2.39
Total Charges (Rs./Unit) 3.63 3.74 3.98 4.07
ARR (Rs. in Cr.) 1229.39 1265.77 1348.28 1378.30
7.9.2 ARR and MYT as determined by the Commission as a result of Review
7.9.2.1 Capacity (Fixed) Charges
(a) Provisions under Regulations:
Table 7.9.2
Components of Fixed Charge Value Remark
Return on equity 15.5% As per the Regulations
Interest on Loans 10.5% As per financial arrangements with PFC
O & M Expenses Normative As per the Regulations
Compensation Allowance Rs. 0.65 lacs /MW As per the Regulations
Advance Against Depreciation
Zero As per the Regulations
Interest on working capital 12.25 % As per the Regulations
(b) Gross Fixed Assets (GFA) and its Components
Table 7.9.3 Calculation of GFA & NFA including financing
Harduaganj Extn.
Thermal Power Station 2010-11 2011-12 2012-13 2013-14
Op. GFA 0.00 2605.00 2605.00 2605.00
Page 83 of 96
Harduaganj Extn. Thermal Power Station
2010-11 2011-12 2012-13 2013-14
Additions 2605.00 0.00 0.00 0.00
Cl. GFA 2605.00 2605.00 2605.00 2605.00
Cl. Net FA 2511.10 2417.20 2264.77 2112.34
Financing:
Op. Equity 0.00 781.50 781.50 781.50
Additions 781.50 0.00 0.00 0.00
Cl. Equity 781.50 781.50 781.50 781.50
Op. Accu Dep. 0.00 93.90 187.80 340.23
Dep. During the year 93.90 93.90 93.90 93.90
Advance Against Depreciation 0.00 0.00 58.53 58.53
Cl. Accu. Dep. 93.90 187.80 340.23 492.66
Op. Debts 0.00 1729.60 1635.70 1483.27
Additions 1823.50 0.00 0.00 0.00
Less: Dep. 93.90 93.90 152.43 152.43
Cl. Debts 1729.60 1635.70 1483.27 1330.84
(d) RoE, Depreciation and Interest on Loans
Table 7.9.4
Details of RoE, Depreciation, A.A.D., Interest on Loans, O&M and Com. Allowance
Sl.No. Particular 2010-11 2011-12 2012-13 2013-14
1 Return on Equity 0.00 121.13 121.13 121.13
2 Depreciation 0.00 93.90 93.90 93.90
3 A A D 0.00 0.00 0.00 58.53
4 Interest on Debts 0.00 176.04 176.68 163.75
5 O & M Expenses 0.00 96.20 101.70 107.55
6 Com. Allowance 0.00 0.00 0.00 0.00
Total: 0.00 487.27 493.41 544.86
Table 7.9.4 (a)
Calculation of Advance Against Depreciation
Particulars 2010-11 2011-12 2012-13 2013-14
1/10 of Loans 182.35 182.35 182.35 182.35
Repayments of Loans 32.47 152.43 152.43 152.43
Minimum of the above 32.47 152.43 152.43 152.43
Less: Dep. during the year 93.90 93.90 93.90 93.90
(A) 0.00 58.53 58.53 58.53
Page 84 of 96
Cumul. Repayment of Loans 32.47 184.90 337.33 489.75
Less: Cumul. Depreciation 93.90 187.80 281.70 375.60
(B) 0.00 -2.90 55.63 114.15
Advance agnst. Dep. (Min. of A & B) 0.00 0.00 58.53 58.53
(e) Interest on Working Capital:
Table 7.9.5
Annual Receivables of Harduaganj Extension Thermal Power station required for calculation of Working Capital:
Particulars 2010-11 2011-12 2012-13 2013-14
Annual Capacity [Fixed] Charges 487.27 493.41 544.86 535.00
Cost of Fuel 698.14 733.05 769.70 808.19
Interest on Working Capital 39.09 40.69 43.31 44.72
Total Receivables 1224.50 1267.15 1357.87 1387.91
Table 7.9.6
Working Capital as determined by the commission
Sl.No. Particulars 2010-11 2011-12 2012-13 2013-14
1 Cost of Coal for 1 and ½ month* 0.00 85.86 90.16 94.66
2 Cost of Secondary Fuel Oil for 2 months* 0.00 1.87 1.97 2.06
3 Operation & Maintenance for 1 month 0.00 8.02 8.48 8.96
4 Maintenance Spares @20% O & M Exp. 0.00 19.24 20.34 21.51
5
Receivables equivalent to 2 months of fixed charges for sale of electricity 0.00 204.08 211.19 226.31
6 Total Working Capital 0.00 319.08 332.13 353.51
7 Rate of Interest 0.00 12.25 12.25 12.25
8 Interest on Working Capital 0.00 39.09 40.69 43.31 * The cost of fuel has been taken from Table 7.9.10
Table 7.9.7
IWC duing the Contrrol Period as claimed by UPRVUNL :
Particulars 2010-11 2011-12 2012-13 2013-14
Working Capital 339.91 363.51 384.18 396.24
Rate of Interest 12.25% 12.25% 12.25% 12.25%
I W C 41.64 44.53 47.06 48.54
Page 85 of 96
(f) Capacity (Fixed) Charges per unit of Generation
Table 7.9.8
Fixed Charges as approved earlier and as revised by the Commission
Particulars
FY 11 FY 12
As approved by the Commission
vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
Interest on Loan 181.61 176.04 -5.57 171.23 176.68 5.45
Depreciation 93.90 93.90 0.00 93.90 93.90 0.00
Advance against Depreciation
0.00 0.00 0.00 4.91 0.00 0.00
Return on Equity 121.13 121.13 0.00 121.13 121.13 0.00
O & M Expenses 96.21 96.20 -0.01 101.71 101.70 -0.01
Compensation Allowance
0.00 0.00 0.00 0.00 0.00 0.00
Interest on Working Capital
38.40 39.09 0.69 39.84 40.69 0.85
Total : 531.25 526.36 -4.89 532.72 534.10 6.29
Ex-bus Energy Sent Out (kwh)
3388.00 3388.00 0.00 3388.00 3388.00 0.00
Cost per Unit 1.57 1.55 -0.01 1.57 1.58 0.00
Particulars
FY 13 FY 14
As approved by the Commission vide Tariff Order
dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any) As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
Interest on Loan 155.23 163.75 8.52 139.22 147.74 8.52
Depreciation 93.90 93.90 0.00 93.90 93.90 0.00
Advance against Depreciation
58.52 58.53 0.00 58.52 58.53 0.00
Return on Equity 121.13 121.13 0.00 121.13 121.13 0.00
O & M Expenses 107.55 107.55 0.00 113.70 113.70 0.00
Compensation Allowance
0.00 0.00 0.00 0.00 0.00 0.00
Interest on Working Capital
42.25 43.31 1.06 43.64 44.72 1.08
Total : 578.58 588.16 9.57 570.11 579.73 9.61
Ex-bus Energy Sent Out (kwh)
3388.00 3388.00 0.00 3388.00 3388.00 0.00
Cost per Unit 1.71 1.74 0.03 1.68 1.71 0.03
Page 86 of 96
7.9.2.2 Variable Charges:
(a) Weighted Average Cost and Gross Calorific Value of Coal and Oil
Table 7.9.9
Weighted Average Cost and Gross Calorific Value of Coal and Oil for F.Y. 2009-10
Month
Weighted Average of
Landed Cost of Oil
Weighted Average of
Gross Calorific value of Oil
Weighted Average of
Landed Cost of Coal
Weighted Average of
Gross Calorific value of Coal
(Rs./kl) KCAL/Ltr. (Rs./mt) (Rs.KCAL/KG)
April' 2009 19143.22 10048.00 2579.95 3560.00
May' 2009 19143.22 10048.00 2633.71 3722.00
June’ 2009 19143.22 10048.00 2559.62 3971.00
July’ 2009 25777.13 10048.00 2579.27 4216.00
Aug’ 2009 27603.32 10067.00 2484.81 3928.00
Sept’ 2009 27603.32 10067.00 2491.43 3910.00
Oct’ 2009 35474.12 10067.00 2657.58 3852.00
Nov’ 2009 35474.12 10067.00 2731.65 3979.00
Dec’ 2009 35474.12 10067.00 3103.69 3868.00
Jan’ 2010 35474.12 10067.00 3117.03 3796.00
Feb’ 2010 35474.12 10067.00 2941.20 3962.00
Mar’ 2010 29061.19 10067.00 3144.49 4033.00
Total: 344845.22 120728.00 33024.43 46797.00 Monthly
Weighted Avg. 28737.10 10060.67 2752.04 3899.75
(b) Variable charge per unit of Generation:
Table 7.9.10
Variable charge per unit of generation for Harduaganj Extension Thermal Power Station
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Capacity MW 0 500 500 500 500
Availibility Factor % 0 85 85 85 85
Plant Load Factor (PLF) % 0 85 85 85 85
Gross Station Heat Rate Kcal/kWh 0 2500 2500 2500 2500
Auxiliary Energy Consumption % 0.0 9.0 9.0 9.0 9.0
Gross Generation MU 0 3723 3723 3723 3723
Auxiliary Energy Consumption MU 0 335 335 335 335
Ex-bus Energy Sent Out MU 0 3388 3388 3388 3388
Specific Oil ml/Kwh 0 1 1 1 1
Page 87 of 96
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Consumption
Weighted Average (GCV) of Oil KCal/Lt. 0 10061 10061 10061 10061
Price of Oil Rs./KL 28737 30174 31683 33267 34930
Weighted Average (GCV) of Coal KCal/kg. 0 3900 3900 3900 3900
Price of Coal Rs./Mt. 2752 2890 3034 3186 3345
Heat Contribution from SFO Kcal/Kwh 0 10 10 10 10
Total Oil Consumption KL 0 3723 3723 3723 3723
Heat Contribution from Coal Kcal/kWh 0 2490 2490 2490 2490
Specific Coal Consumption Kg/Kwh 0.00 0.64 0.64 0.64 0.64
Coal Consumption MMT 0.00 2.38 2.38 2.38 2.38
Total Cost of Oil @ Rs. Rs. in Cr. 0.00 11.23 11.80 12.39 13.00
Total Cost of Coal @ Rs. Rs. in Cr. 0.00 686.91 721.25 757.32 795.18
Total Cost of Fuel (Oil & Coal) Rs. in Cr. 0.00 698.14 733.05 769.70 808.19
Rate of Energy Charges from secondary Fuel Oil Ex-bus Paise/Kwh 0.00 3.32 3.48 3.66 3.84
Rate of Energy Charges from Coal Ex-bus Paise/Kwh 0.00 202.75 212.88 223.53 234.71
Rate of Energy Charges Ex-bus per Kwh Paise/Kwh 0.00 206.06 216.37 227.18 238.54
(c) Adjustment of Rate of Energy Charge on Account of Variation in
price or Heat Value of Fuels:
As per UPERC MYT Order dated January 20, 2011
7.9.2.3 Total Charges (Cost):
Table 7.9.11
Total Charges as approved earlier and as revised by the Commission
Particulars
FY 11 FY 12
As approved by the Commission
vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
Interest on Loan 181.61 176.04 -5.57 171.23 176.68 5.45
Depreciation 93.90 93.90 0.00 93.90 93.90 0.00
A A D 0.00 0.00 0.00 4.91 0.00 -4.91
Return on Equity 121.13 121.13 0.00 121.13 121.13 0.00
O & M Expenses 96.20 96.20 0.00 101.70 101.70 0.00
Page 88 of 96
Particulars
FY 11 FY 12
As approved by the Commission
vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
Com. Allowance 0.00 0.00 0.00 0.00 0.00 0.00
I W C 38.40 39.09 0.69 39.84 40.69 0.85
Fixed Cost (Rs. in Crs.) 531.24 526.36 -4.88 532.71 534.10 1.39
F. C. per Unit (In Paise) 157 155 -1 157 158 0
V. C. on Fuel (Rs. in Crs.) 698.14 698.14 0.00 733.05 733.05 0.00
V. C. per Unit (In paise) 206 206 0 216 216 0
Total Cost (Rs. in Crs.) 1229.38 1224.50 -4.88 1265.76 1267.15 1.39
Ex-bus Energy Sent Out (kwh)
3388.00 3388.00 0.00 3388.00 3388.00 0.00
Total Cost per Unit (In Paise)
363 361 -1 374 374 0
Particulars
FY 13 FY 14
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
Interest on Loan 155.23 163.75 8.52 139.22 147.74 8.52
Depreciation 93.90 93.90 0.00 93.90 93.90 0.00
A A D 58.52 58.53 0.01 58.52 58.53 0.01
Return on Equity 121.13 121.13 0.00 121.13 121.13 0.00
O & M Expenses 107.55 107.55 0.00 113.70 113.70 0.00
Com. Allowance 0.00 0.00 0.00 0.00 0.00 0.00
I W C 42.25 43.31 1.06 43.64 44.72 1.08
Fixed Cost (Rs. in Crs.) 578.58 588.16 9.58 570.11 579.73 9.62 F. C. per Unit (In Paise) 171 174 3 168 171 3
V. C. on Fuel (Rs. in Crs.) 769.70 769.70 0.00 808.19 808.19 0.00 V. C. per Unit (In paise) 227 227 0 239 239 0 Total Cost (Rs. in Crs.) 1348.28 1357.87 9.59 1378.30 1387.91 9.61
Ex-bus Energy Sent Out (kwh)
3388.00 3388.00 0.00 3388.00 3388.00 0.00
Total Cost per Unit (In Paise)
398 401 3 407 410 3
Page 89 of 96
Section - 10
Multi Year Tariff
for
Parichha Extension Stage - II
Thermal Power Station
for
FY 2009-10 to 2013-14
Page 90 of 96
7.10.1 ARR and MYT as determined by the Commission vide order dated January 20, 2011.
Table 7.10.1
Parichha Extension Stage- II 2010-11 2011-12 2012-13 2013-14
Energy Sent out (MU) 3388 3388 3388 3388
Fixed Charges (Rs./Unit) 1.46 1.57 1.58 1.56
Variable Charges (Rs./Unit) 2.24 2.35 2.47 2.59
Total Charges (Rs./Unit) 3.70 3.92 4.05 4.15
ARR (Rs. in Cr.) 1253.12 1329.22 1371.23 1406.24
7.10.2 ARR and MYT as determined by the Commission as a result of Review
7.10.2.1 Capacity (Fixed) Charges
(a) Provisions under regulations:
Table 7.10.2
Components of Fixed Charge Value Remark
Return on equity 15.5% As per the Regulations
Interest on Loans 10.5% Weighted average of interest on loans for FY 2009-10 & FY 2010-11 as per form 13 of ARR
O & M Expenses Normative As per the Regulations
Compensation Allowance Rs. 0.65 lacs /MW
As per the Regulations
Advance Against Depreciation Zero As per the Regulations
Interest on working capital 12.25 % As per the Regulations
(b) Gross Fixed Assets (GFA) and its Components
Table 7.10.3
Calculation of GFA & NFA including financing
PARICHHA EXTENSION STAGE-II THERMAL POWER STATION
2010-11 2011-12 2012-13 2013-14
Op. GFA 0.00 2356.00 2356.00 2356.00
Page 91 of 96
PARICHHA EXTENSION STAGE-II THERMAL POWER STATION
2010-11 2011-12 2012-13 2013-14
Additions 2356.00 0.00 0.00 0.00
Cl. GFA 2356.00 2356.00 2356.00 2356.00
Cl. Net FA 2285.23 2156.39 2018.35 1880.31
Financing:
Op. Equity 0.00 706.72 706.72 706.72
Additions 706.72 0.00 0.00 0.00
Cl. Equity 706.72 706.72 706.72 706.72
Op. Accu Dep. 0.00 84.91 213.75 351.79
Dep. During the year 84.91 84.91 84.91 84.91
A. A. D. 0.00 43.93 53.13 53.13
Cl. Accu. Dep. 84.91 213.75 351.79 489.83
Op. Debts 0.00 1564.37 1435.53 1297.49
Additions 1649.28 0.00 0.00 0.00
Less: Dep. 84.91 128.84 138.04 138.04
Cl. Debts 1564.37 1435.53 1297.49 1159.45
(c) RoE, Depreciation and Interest on Loans
Table 7.10.4
Details of RoE, Depreciation, A.A.D., Interest on Loans, O & M and Com. Allowance
Sl.No. Particular 2010-11 2011-12 2012-13 2013-14
1 Return on Equity 109.54 109.54 109.54 109.54
2 Depreciation 84.91 84.91 84.91 84.91
3 A A D 0.00 43.93 53.13 53.13
4 Interest on Debts 150.43 157.49 143.48 128.99
5 O & M Expenses 96.20 101.70 107.55 113.70
6 Com. Allowance 0.00 0.00 0.00 0.00
Total: 441.08 497.58 498.61 490.27
Table 7.10.4 (a)
Calculation of Advance Against Depreciation
Particulars 2010-11 2011-12 2012-13 2013-14
1/10 of Loans 164.90 164.90 164.90 164.90
Repayments of Loans 61.57 138.04 138.04 138.04
Minimum of the above 61.57 138.04 138.04 138.04
Less: Dep. during the year 84.91 84.91 84.91 84.91
(A) 0.00 53.13 53.13 53.13
Page 92 of 96
Particulars 2010-11 2011-12 2012-13 2013-14
Cumul. Repayment of Loans 61.57 199.61 337.65 475.69
Less: Cumul. Depreciation 70.77 155.68 240.59 325.50
(B) 0.00 43.93 97.06 150.19
Advance agnst. Dep. (Min. of A & B) 0.00 43.93 53.13 53.13
(d) Interest on Working Capital:
Table 7.10.5
Annual Receivables of Parichha Extension Stage-II Power Station required for calculation of Working Capital:
Particulars 2010-11 2011-12 2012-13 2013-14
Annual Capacity [Fixed] Charges 441.08 497.58 498.61 490.27
Cost of Fuel 758.43 796.35 836.17 877.98
Interest on Working Capital 40.33 43.09 44.77 46.34
Total Receivables 1239.84 1337.02 1379.55 1414.59
Table 7.10.6
Working Capital as determined by the commission
Sl.No. Particulars 2010-11 2011-12 2012-13 2013-14
1 Cost of Coal for 1 and ½ month* 93.31 97.98 102.88 108.02
2 Cost of Secondary Fuel Oil for 2 months* 1.99 2.09 2.19 2.30
3 Operation & Maintenance for 1 month 8.02 8.48 8.96 9.48
4 Maintenance Spares @20% O & M Exp. 19.24 20.34 21.51 22.74
5
Receivables equivalent to 2 months of fixed charges for sale of electricity 206.64 222.84 229.93 235.76
6 Total Working Capital 329.20 351.72 365.47 378.30
7 Rate of Interest 12.25 12.25 12.25 12.25
8 Interest on Working Capital 40.33 43.09 44.77 46.34 * The cost of fuel has been taken from Table 7.10.10
Table 7.10.7
IWC duing the Contrrol Period as claimed by UPRVUNL:
Particulars 2010-11 2011-12 2012-13 2013-14
Working Capital 323.36 351.17 364.15 376.32
Rate of Interest 12.25% 12.25% 12.25% 12.25%
I W C 39.61 43.02 44.61 46.10
Page 93 of 96
(f) Capacity (Fixed) Charges per unit of Generation
Table 7.10.8
Fixed Charges as approved earlier and as revised by the Commission
Particulars
FY 11 FY 12
As approved by the Commission
vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any) As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
Interest on Loan 164.26 150.43 -13.83 150.73 157.49 6.76
Depreciation 84.90 84.91 0.01 84.90 84.91 0.01
Advance against Depreciation
0.00 0.00 0.00 43.93 43.93 0.00
Return on Equity 109.54 109.54 0.00 109.54 109.54 0.00
O & M Expenses 96.20 96.20 0.00 101.70 101.70 0.00
Compensation Allowance
0.00 0.00 0.00 0.00 0.00 0.00
Interest on Working Capital
39.79 40.33 0.54 42.07 43.09 1.02
Total : 494.69 481.41 -13.28 532.87 540.66 7.79
Ex-bus Energy Sent Out (kwh)
3388.00 3388.00 0.00 3388.00 3388.00 0.00
Cost per Unit 1.46 1.42 -0.04 1.57 1.60 0.02
Particulars
FY 13 FY 14
As approved by the Commission vide Tariff Order
dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any) As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
Interest on Loan 136.24 143.48 7.24 121.75 128.99 7.24
Depreciation 84.90 84.91 0.01 84.90 84.91 0.01
Advance against Depreciation
53.12 53.13 0.00 53.12 53.13 0.00
Return on Equity 109.54 109.54 0.00 109.54 109.54 0.00
O & M Expenses 107.55 107.55 0.00 113.70 113.70 0.00
Compensation Allowance
0.00 0.00 0.00 0.00 0.00 0.00
Interest on Working Capital
43.71 44.77 1.06 45.25 46.34 1.09
Total : 535.06 543.38 8.32 528.26 536.61 8.34
Ex-bus Energy Sent Out (kwh)
3388.00 3388.00 0.00 3388.00 3388.00 0.00
Cost per Unit 1.58 1.60 0.02 1.56 1.58 0.02
Page 94 of 96
7.10.2.2 Variable Charges:
(a) Weighted Average Cost and Gross Calorific Value of Coal and Oil
Table 7.10.9 Weighted Average Cost and Gross Calorific Value of Coal and Oil
for F.Y. 2009-10
Month
Weighted Average of
Landed Cost of Oil
Weighted Average of Gross Calorific value of
Oil
Weighted Average of
Landed Cost of Coal
Weighted Average of
Gross Calorific value of Coal
(Rs./kl) KCAL/Ltr. (Rs./mt) (Rs.KCAL/KG)
April' 2009 23418.33 9966.08 2470.29 3582.45
May' 2009 22434.31 9940.28 2740.00 3955.89
June’ 2009 28700.35 9986.01 2703.42 3372.93
July’ 2009 33267.20 9871.09 2818.36 3406.07
Aug’ 2009 28620.58 9976.59 3119.19 3411.67
Sept’ 2009 30502.66 9934.13 3096.42 3550.22
Oct’ 2009 33450.87 9917.02 3493.16 3481.06
Nov’ 2009 30615.64 9932.20 2446.14 3493.79
Dec’ 2009 31075.39 9874.74 2415.49 3482.65
Jan’ 2010 31430.44 9966.98 2490.28 3441.39
Feb’ 2010 36331.65 9854.61 2450.82 3385.01
Mar’ 2010 36331.65 9854.61 1984.61 3476.70
Total: 366179.07 119074.34 32228.18 42039.83 Monthly
Weighted Avg. 30514.92 9922.86 2685.68 3503.32
(b) Variable charge per unit of Generation:
Table 7.10.10
Variable charge per unit of generation for Parichha Extension Stage-II Power Station
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Capacity MW 0 500 500 500 500
Availibility Factor % 0 85 85 85 85
Plant Load Factor (PLF) % 0 85 85 85 85
Gross Station Heat Rate Kcal/kWh 0 2500 2500 2500 2500
Auxiliary Energy Consumption % 0.0 9.0 9.0 9.0 9.0
Gross Generation MU 0 3723 3723 3723 3723
Auxiliary Energy Consumption MU 0 335 335 335 335
Ex-bus Energy Sent Out MU 0 3388 3388 3388 3388
Specific Oil Consumption ml/Kwh 0 1 1 1 1
Weighted Average (GCV) of Oil KCal/Lt. 0 9923 9923 9923 9923
Page 95 of 96
Description Unit 2009-10 2010-11 2011-12 2012-13 2013-14
Price of Oil Rs./KL 30515 32041 33643 35325 37091
Weighted Average (GCV) of Coal KCal/kg. 0 3503 3503 3503 3503
Price of Coal Rs./Mt. 2686 2820 2961 3109 3264
Heat Contribution from SFO Kcal/Kwh 0 9 9 9 9
Total Oil Consumption KL 0 3723 3723 3723 3723
Heat Contribution from Coal Kcal/kWh 0 2491 2491 2491 2491
Specific Coal Consumption Kg/Kwh 0.00 0.71 0.71 0.71 0.71
Coal Consumption MMT 0.00 2.65 2.65 2.65 2.65
Total Cost of Oil @ Rs. Rs. in Cr. 0.00 11.93 12.53 13.15 13.81
Total Cost of Coal @ Rs. Rs. in Cr. 0.00 746.50 783.83 823.02 864.17
Total Cost of Fuel (Oil & Coal) Rs. in Cr. 0.00 758.43 796.35 836.17 877.98
Rate of Energy Charges from secondary Fuel Oil Ex-bus Paise/Kwh 0.00 3.52 3.70 3.88 4.08
Rate of Energy Charges from Coal Ex-bus Paise/Kwh 0.00 220.34 231.35 242.92 255.07
Rate of Energy Charges Ex-bus per Kwh Paise/Kwh 0.00 223.86 235.05 246.80 259.14
(c) Adjustment of Rate of Energy Charge on Account of Variation in
price or Heat Value of Fuels:
As per UPERC MYT Order dated January 20, 2011
7.10.2.3 Total Charges (Cost):
Table 7.10.11 Total Charges as approved earlier and as revised by the Commission
Particulars
FY 11 FY 12
As approved by the Commission
vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
Interest on Loan 164.26 150.43 -13.83 150.73 157.49 6.76
Depreciation 84.90 84.91 0.01 84.90 84.91 0.01
A A D 0.00 0.00 0.00 43.93 43.93 0.00
Return on Equity 109.54 109.54 0.00 109.54 109.54 0.00
O & M Expenses 96.20 96.20 0.00 101.71 101.70 -0.01
Com. Allowance 0.00 0.00 0.00 0.00 0.00 0.00
I W C 39.79 40.33 0.54 42.07 43.09 1.02
Fixed Cost (Rs. in Crs.) 494.69 481.41 -13.28 532.88 540.66 7.78
F. C. per Unit (In Paise) 146 142 -4 157 160 2
V. C. on Fuel (Rs. in Crs.)
758.43 758.43 0.00 796.35 796.35 0.00
V. C. per Unit (In paise) 224 224 0 235 235 0
Page 96 of 96
Total Cost (Rs. in Crs.) 1253.12 1239.84 -13.28 1329.23 1337.01 7.78
Ex-bus Energy Sent Out (kwh)
3388.00 3388.00 0.00 3388.00 3388.00 0.00
Total Cost per Unit (In Paise)
370 366 -4 392 395 2
Particulars
FY 13 FY 14
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
As approved by
the Commission vide Tariff Order dt: 20.01.11
As determined
by the Commission on Review
Diff.(if any)
Interest on Loan 136.24 143.48 7.24 121.75 128.99 7.24
Depreciation 84.90 84.91 0.01 84.90 84.91 0.01
A A D 53.12 53.13 0.01 53.12 53.13 0.01
Return on Equity 109.54 109.54 0.00 109.54 109.54 0.00
O & M Expenses 107.55 107.55 0.00 113.70 113.70 0.00
Com. Allowance 0.00 0.00 0.00 0.00 0.00 0.00
I W C 43.71 44.77 1.06 45.25 46.34 1.09
Fixed Cost (Rs. in Crs.) 535.06 543.38 8.32 528.26 536.61 8.35 F. C. per Unit (In Paise) 158 160 2 156 158 2
V. C. on Fuel (Rs. in Crs.)
836.17 836.17 0.00 877.98 877.98 0.00
V. C. per Unit (In paise) 247 247 0 259 259 0
Total Cost (Rs. in Crs.) 1371.23 1379.55 8.32 1406.24 1414.59 8.35
Ex-bus Energy Sent Out (kwh)
3388.00 3388.00 0.00 3388.00 3388.00 0.00
Total Cost per Unit (In Paise) 405 407
2 415 418 2
8. Other provisions shall remain as approved by the Commission vide MYT order
dated January 20, 2011.
9. This order shall come into effect from 1.4.2009 and shall remain effective till
31.03.2014 for the Multi Year Tariff period of F.Y. 2009-10 to 2013-14. UPRVUNL
is entitled to raise the bills as per the tariff order under provisions of UPERC
(Terms & Conditions of Generation Tariff) Regulation, 2009.
(Meenakshi Singh) (Shree Ram) (Rajesh Awasthi)
Member Member Chairman Place : Lucknow Dated: 20.03.2012