ofapps.powergridindia.com/cerc/docs/Southern Region/2014/07...Sriperumbudur line, New 400 kV...

BEFORE SPEED-POST

THE CENTRAL ELECT RlCITY REGULATORY COMMISSION NEW DELHI

119 THE MATTER OF: Approval under regulation-86 of CERC (Conduct of Business) Regulations11999, CERC (~erms and Conditions of Tariff) Regulations, 2009 and CERC (Terms and Conditions of Tariff) Regulations' 2014 for determination of

(i) up ?ral.;s;.;;ission iafiff for 2009-74 tariff bioc;k and (i i) Transmission tariff for 2014-1 9 tariff block

for 400 kV B/C Vijayawada-Nellore Transmission line, 400 kV D/C Nellore- Sriperumbudur line, New 400 kV Switching station at Nellore, extension of Vijayawada and Sriperumbudur sub-station with associated bays under system strengthening scheme in Southern Region.

Power Grid Corporation of India Ltd. (Govt. of India undertaking) Registered office: B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi- 110 016 Corporate office: "Saudamini",Plot no.2, Sector-29, Gurgaon -122 001. ( Haryana)

Power Grid Corporation of llndia Ltd., the petitioner in the matter, is filing an application under regulation-86, fcr approval of

(i) Truing up Transmission tariff for 2009-14 tariff block and (ii) Transmission tariff for 2014-1 9 tariff block

for the above mentioned transmission system in Southern Region.

In terms of Regulation 3(2) of the Central Electricity Regulatory Commission (Procedure for making of application for determination of tariff, publication of the application and other related matters) Regulations, 2004, copy of complete tariff application is hereby served to the respondent (beneficiaries of Southern Region), for information and necessary action in ,the matter. The tariff application is hereby served through the nodal officers of the respondents for CERC matters, on the addresses as mentioned below:

ADDRESSES OF NODAL OFFICERS

Karnataka Power Transmission Corporation Ltd., BY SPEED POST (KPTCL), Kaveri Bhavan, Bangalore - 560 009 Represented by its Chairman

Transmission Corporation of Andhra Pradesh Ltd., (APTRANSCO), Vidyut Soudha, Hyderabad- 500082 Represented by its Chairman

Kerala State Electricity Board (KSEB) Vaidyuthi Bhavanam Pattom, Thiruwananthapuram - 695 004 Represented by its Chairman

Tamilnadu Electricity Board (TNEB) NPKRR Maaligai, 800, Anna Salai Chennai - 600 002 Represented by its Chairman

Electricity Department Government of Goa Vidyuti Bhawan, Panaji Goa 403001 Represented by Chief Engineer ( Electrical)

Electricity Department Govt of Pondicherry, Pondicherry - 605001 Represented by its Chief Secretary

Eastern Power Distribution Company of Andhra Pradesh Limited (APEPDCL) APEPDCL, P&T Colony, Seethmmadhara, VISHAKHAPATNAM And hra Pradesh, Represented by its Managing Director

Southern Power Distribution Company of And hra Pradesh Limited (APSPDCL) Srinivasasa Kalyana Mandapam Backside, Tiruchanoor Road, Kesavayana Gunta, TIRLIPA1-1-57 7 501, Chittoor District, Andhra Pradesh Represented by Its Managing Director

Central Power Distribution Company of Andhra Pradesh limited (APCPDCL) Corporate Office, Mint Compound, HYDERABAD - 500 063 And hra Pradesh Represented by Its Managing Director

Northern Power Distribution Company of Andhra Pradesh Limited (APNPDCL) Opp. NIT Petrol Pump Chaitanyapuri, Kazipet, WARANGAL - 506 004 Andhra Pradesh Represented by Its Managing Director

14 Bangalore Electricity Supply Company Ltd., (BESCOM), Corporate Office, K.R.Circle BANGALORE - 560 001 Karanataka Represented by Its Managing Director

a

12 Gulbarga Electricity Supply Company Ltd., (GESCOM) a Station Main Road, GLILBURGA

Karnataka Represented by Its Managing Director

13 Hubli Electricity Supply Company Ltd., (HESCOM) Navanagar, PB Road HUBLI, Karnataka Represented by Its Managing Director

14 MESCOM Corporate Office, Paradigm Plaza, AB Shetty Circle MANGALORE - 575 001 Karnataka Represented by its Managing Director

15 Chamundeswari Electricity Supply Corporation Ltd., (CESC)

m # 927,b J Avenue Ground Floor, New Kantharaj Urs Woad Saraswatipuram, MYSORE - 570 009 KARNATAW Represented by Its Managing Director

Kindly acknowledge the receipt. Filed by

Power Grid Corporation of India Ltd.

Represented by &p- ' p , ~ h + . M ~ ~ w ~

BGM (Commercial) W

Gurgaon Dated: . 07.2014

BEFORE

THE CENTRAL ELECTR%CI'$Y REGULATORY COMM%SSION

NEW DELHI

PE'I-ITION FOR

Approval under regulation46 of CERC (Conduct of Business) Regulations91999 and Regulation-6 of CERC (Terms and Conditions of Tariff) Regulations, 2009 and CERC (Terms and Conditions of Tariff) Regulations' 2014 for determination of

(0 Truing up Transmission tariff for 2009-14 tariff block and (ii) Transmission tariff for 2014-19 tariff block

for 400 kV DIC Vijayawada-Nellore Transmission line, 400 kV DlC Nellore- Ssiperurnbudur line, New 400 kV Switching station at Meliore, extension of Vijayawada and Sriperurnbudur sub-station with associated bays under system strengthening scheme in Southern Region.

PETITION NO. : .....................

TARIFF BLOCK : 2014 - 2019

* POWER GRID CORPORATION OF INDIA LTD.

REGISTERED OFFICE B-9, QUKAB BNSTlTUTlONAL AREA, KATWARIA SARAI,

NEW DELHI - 110 016

CORPORATE CENTRE "'SALPDAMIN19', BLOT NO-2, SECTOR-29,

GURGAON-l22 001 (HARYANA) EPABX : 0124-2571 700 TO 719, FAX :0124-2571989

1

BEFORE THE CENTRAL ELECTWiC%TY REGULATORY CQMIMISSIQN

NEW DELHI

PE'TIPION NO.: .......... IN THE MATTER OF

Approval under regulation-86 of CERC (Conduct of Business) Regulations31999, CERC (Terms and Conditions of Tariff) Regulations, 2009 and CERC (Terms and Conditions of Tarifij Reguiations' 20i4 tor determination of

(i) Truing up Transmission tariff for 2009-14 tariff block and (ii) Transmission tariff for 201 4-1 9 tariff block

for 400 kV DIC Vijayawada-Nellore Transmission line, 400 kV DIC Nellore- Sriperumbudur line, New 400 kV Switching station at Nellore, extension of Vijayawada and Sriperurr~budur sub-station with associated bays under system strengthening scheme in Southern Region.

Power Grid Corporation of India Ltd. --- PETITIONER Registered office: B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi. 11 0 016. Corporate Centre : 'SAUDAMINI', Plot No-2, Sector-29, Gurgaon-122 001 ( Haryana). Karnataka Power Transmission Corporation Ltd. Cauvery Bhavan, Bangalore - 560 009 Represented by its Chairman And Others

RESPONDENTS

Filed by Power Grid Corporation of lndia Ltd.

S!. No. I

2 3 4 5 6

7 8 9 10

Represented by cz5w' =,==='L S &G'

Dy. General ~ana~e i (~ornrnerc ia l ) Gurgaon Dated: ............. /f + 07.2014

Page No.

2 3

Y - d 7-$ 9 -rc

16 - 33 3'4-4s Yb- ji) 60

6 1 - 6 3

Description

Index

Letter for registration Memo of Parties Affidavit Application for determination of Tariff CERC order dated 17.09.2010 In petition no. 561201 0 for block 2009-1 4 Tariff Filing Formats (2009-14) Tariff Filing Formats (2014-19) Check List for 2009-14 Check List for 2014-19

Enclosure No.

-

-

-

Encl.-l

Encl.- 2 Encl.- 3 Encl.- 4 Encl.- 5

BEFORE '%HE CENTRAL ELEC'6RICITY REGULATORY COMMISSION

. NEW DELHI

.. IN THE MATTER OF

Approval under regulation-86 of CERC (Conduct of Business) Regulations7999, CERC (Terms and Conditions of Tariff) Regulations, 2009 and CERC (Terms and Conditions of Tariff) Regulations' 2014 for determination of (i) Truing up Transmission tariff for 2009-14 tariff block and (ii) Transmission tariff for 2014-1 9 tariff block

for 400 kV D/C Vijayawada-Nellore Transmission line, 400 kV DIC Nellore- Sriperumbudur line, New 400 kV Switching station at Nellore, extension of Vijayawada and Sriperumbudur sub-station with associated bays under system strengthening scheme in Southern Region.

Power Grid Corporation of India Ltd. --- PETITIONER Reqistered office: B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi. 1 1 0 01 6. Corporate Centre : 'SAUDAMINI', Plot No-2, Sector-29, Gurgaon-122 001 ( Haryana).

Karnataka Power Transmission Corporation Ltd. ----- RESPONDENTS Cauvery Bhavan, Bangalore - 560 009 Represented by its Chairman And Others

To The Secretary Central Electricity Regulatory Commission New Delhi 11 0001

Sir, The application filed under Regulation 86 of CERC (Conduct of Business)

Regulation, 1999 and Regulation -6 of CERC (Terms and Conditions of Tariff) Regulations, 2009 and CERC (Terms and Conditions of Tariff) Regulations' 2014 for determination of

(i) Truing up Transmission tariff for 2009-14 tariff block and (ii) Transmission tariff for 2014-19 tariff block

may please be registered. Filed by

Power Grid Corporation of lndia Ltd. Represented by

f i n - (P. I W as y e r l Dy. General Manager (Commercial)

Gurgaon Bated: f l . 07.2014

BEFORE THE CENTRAL ELECTRICITY REGULATORY COMMISSION

NEW DELHI PETITION NO.: ..........

IN THE MATTER OF Approval under regulation-86 of CERC (Conduct of Business) Regulations'l999, CERC (Terms and Conditions of Tariff) Regulations, 2009 and CERC (Terms and Conditions of Tariff) Regulat~ons' 20i4 for determination of


for 400 kV DIC Vijayawada-Nellore Transmission line, 400 kV DIC Nellore- Sriperumbudur line, New 400 kV Switching station at Nellore, extension of Vijayawada and Sriperumbudur sub-station with associated bays under system strengthening scheme in Southern Region.

Power Grid Corporation of India Ltd. --- PETITIONER Registered office: B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi. 110 016. Corporate Centre : 'SAUDAMINI', Plot No-2, Sector-29, Gurgaon-122 001 ( Haryana).

Karnataka Power Transmission Corporation Ltd. RESPONDENTS Cauvery Bhavan, Bangalore - 560 009 Represented by its Chairman And Others

MEMO OF PARTIES

Power Grid Corporation of lndia Ltd. VERSUS

l Karnataka Power Transmission Corporation Ltd., (KPTCL), Kaveri Bhavan, Bangalore - 560 009 Represented by its Chairman

--- PETITIONER

- - RESPONDENTS

2 Transmission Corporation of And hra Pradesh Ltd., - (AQTRANSCO), Vidyut Soudha, Hyderabad- 500082 Represented by its Chairman

3 Kerala State Electricity Board (KSEB) Vaidyuthi Bhavanam Pattom, Thiruvananthapuram - 695 004 Represented by its Chairman

4 Tarnil Nadu Generation and Distribution

4

- .

Corporation Ltd (Formerly Tamilnadu Electricity Board -TNEB) MPKRR Maaligai, 800, Anna Salai Chennai - 600 002 Represented by its Chairman

5 Electricity Department Govt of Pondicherry, Pondicherry - 60500? Represented by its Chief Secretary

6 Eastern Power Distribution Company of Andhra Pradesh Lirr~ited (APEPDCL) APEPDCL, P&T Colony, Seethmmadhara, VISHAKHAPATNAIM Andhra Pradesh, Represented by its Managing Director

7 Southern Power Distribution Company of Andhra Pradesh Limited (APSPDCL) Srinivasasa Kalyana Mandapam Backside, Tiruchanoor Road, Kesavayana Gunta, TlRUPA-TI-517 501, Chittoor District, Andhra Pradesh Represented by Its Managing Director

8 Central Power Distribution Company of Andhra Pradesh limited (APCPDCL) Corporate Office, Mint Compound, HYDERABAD - 500 063 Andhra Pradesh Represented by Its Managing Director

g Northern Power Distribution Company of Andhra Pradesh Limited (APNPDCL) Opp. NIT Petrol Pump Chaitanyapuri, Kazipet, WARANGAL - 506 004 Andhra Pradesh Represented by Its Managing Director

1 0 Bangalore Electricity Supply Company Ltd., (BESCOM), Corporate Office, K.R.Circle BANGALORE - 560 001 Maranataka Represented by Its Manqgiqg Director

1 I Gulbarga Electricity Supply Company Ltd., (GESCOM) Station Main Road, GULBURGA Karnataka

5 ..

Represented by Its Managing Director

12 Hubli Electricity Supply Company Ltd., (HESCOM) Navanagar, PB Road HUBLI, Karnataka Represented by Its Managing Director

"1 MESCOM Corporate Office, Paradigm Plaza, AB Shetty Circle MANGALORE - 575 001 Karnataka Represented by Its Managing Director

14 Chamundeswari Electricity Supply Corporation Ltd., (CESC) # 927, L J Avenue Ground Floor, New Kantharaj Urs Road Saraswatipuram, MYSORE - 570 009 KARNATAKA Represented by Its Managing Director

I 5 Electricity Department Government of Goa Vidyuti Bhawan, Panaji Goa 403001 Represented by Chief Engineer ( Electrical)

PETI'TIONER POWER GRID CORPORAK10N OF INDIA LTD.

REPRESENTEDBY

6-%=- AS@^** /

By. General Manager (Commercial) c-

m HARWNA BEFORE THE CENTRAL ELECTRICITY REGULATORY C O M M I S S ~ A A 235 7 71

NEW DELHI PETITION NO.: ..........

IN THE MATTER OF Abproval under regulation-86 of CERC (Conduct of Business) Regulations'l999, CERC (Terms and Conditions of Tariff) Regulations, 2009 and CERC (Terms and Conditions of Tariff) Regulations' 2014 for determination of

. (i) Truing up Transmission tariff for 2009-14 tariff block and (ii) Transmission tariff for 2014-1 9 tariff block

f& 400 kV DIC Vijayawada-Nellore Transmission line, 400 kV D/C Nellore-Sriperumbudur line, New 400 kV Switching station at Nellore, extension of Vijayawada and Sriperumbudur skb-station with associated bays under system strengthening scheme in Southern Region.

1 Power Grid Corporation of India Ltd. --- PE'TIITIONER Registered office: 5-9, Qutab Institutional Area, Katwaria Sarai, New Delhi. 110 016.

.; Corporate Centre : 'SAUDAMINI', Plot No-2, ''I Sector-29, Gurgaon-122 001 ( Haryana).

Karnataka Power Tran ----- RESPONDENTS Cauvery Bhavan, Ba Represented by its C

? And Others

1 , /! ~ 4 2 4 5 ~ n i anager (Commercial) iA the power rid ~orporat i e at B-9, Institutional

Area, Katwaria Sarai, New Delhi-l 10 016, do hereby solemnly affirm and state as under:-

1. That l am the Dy. General Manager (Commercial) of Power Grid Corporation of lndia Ltd., the representative of the Petitioner in the above matter, and am duly authorised to make this affidavit.

2. That the enclosed tariff Petition is being filed for Truing up Transmission tariff for 2009-14 tariff block and determination of tariff for 2014-19 tariff period for 400 kV DIC \ I i i n r r n s n r n A e h l n l l a ~ n T r n n r r m i r r r r i n n inn A n 3 I,\ I n/P f i l n l l n v n - C r i n n w h a #cl, a r 1 ; - n RInn., V ~ j a y a w w a u a - ~ ~ ~ ~ ~ ~ l G I I a1 IJI I IIJJIVI I 1 1 1 IG, sv nv vru IYGIIVI F; 01 I ~ G I uiTivuuul 1 1 1 IG, I W G V W

400 kV Switching station at Nellsre, extension of Vijayawada and Sriperumbudur sub-station with associated bays under system strengthening scheme in Southern Region.

3. That no other tariff Petition except this Petition has been filed directly or indirectly for Truing up Transmission tariff for 2009-14 tariff block and determination of tariff for 2014-19 tariff period for 400 kV DIC Vijayawada-Nlellore Transmission line, 400 kV DIC Nellore-Sriperumbudur line, New 400 kV Switching station at Nellore, extension of Vijayawada and Sriperumbudur sub-station with associated bays under system strengthening scheme in Southern Region.

4. That the statements made in the tariff Petition herein are based on petitioner company's official records maintained in the ordinary course of business and I believe them to be true and correct.

5. The documents attached with the petition are legible copies and duly attested by me

VERIFICATION 7%

Solemnly affirmed at Gurgaon on this ... ... g.. .. day of July'2014 that the contents of the above affidavit are true to my knowledge and belief and no part of it is false and nothing material has been concealed there from.

MAHEWDER S. PUN~A ADVOCATE G MO-JAR~

D;ST~. g'~jrG,t,~;.., 1.'. f ana) India

BEFORE THE CENTRAL ELECTRICITY REGLlbATORY COMMISSION

NEW DELHI

PETITION NO.: ..........

IN THE MATTER OF Approval under regulation-86 of CERC (Conduct of Business) Regulations'1 999, CERC (Terms and Conditions of Tariff) Regulations, 2009 and CERC (Terms and Conditions of Tariff) Regulations' 2014 for determination of


400 kV DIC Vijayawada-Nellore Transmission line, 400 kV DIC Nellore- SI-ipel-umbudur line, New 400 kV Switching station at Nellore, extension of Vijayawada and Sriperumbudur sub-station with associated bays under system strengthening scheme in Southern Region.

Power Grid Corporation of India Ltd. --- PETITIONER Registered office: B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi. l 1 0 016. Corporate Centre : 'SAUDAMINI', Plot No-2, Sector-29, Gurgaon-122 001 ( Haryana).

Karnataka Power Transmission Corporation Ltd. Cauvery Bhavan, Bangalore - 560 009 Represented by its Chairman And Others

RESPONDENTS

To The Hon'ble Chairman and his Companion Members of The Hon'ble CERC The humble application filed by the Petitioner

MOST RESPECTFLILLY SHOWETH

1.0 That, Hon'ble Commission have made Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2014 and issued vide notification dated 21.02.2014. These regulations shall remain in force for a period of five (05) years w.e.f. 01.04.2014, unless reviewed earlier or extended by the Hon'ble Commission.

2.0 The Petitioner herein, Power Grid Corporation of lndia Ltd. is a Government Company within the meaning of Companies Act, 1956. In exercise of powers under sub-section (1) of section 38(1) of the Electricity Act 2003, the Government of lndia has declared the Petitioner herein as the Central Transmission Utility (CTU). The petitioner being CTU is deemed to be a transmission licensee under section 14 of the Electricity Act' 2003.

t , i > - 0-

', .

3.0 That the petitioner has executed 400 kV DIC Vijayawada-Nellore transmission line, 400 kV DIC Nellore-Sriperumbudur line, New 400 kV Switching station at Nellore, extension of Vijayawada and Sriperumbudur sub-station with associated bays under system strengthening scheme in Southern Region and the same has been put under commercial operation from 01.03.2003.

4.0 That the final Transmission Tariff based on admitted capital cost of Us. 34594.16 Lakhs as on 31.03.2009 & as well as 34.03.2014 (in view of no add cap during 2009-?A) fer a!! the assets ef the said transl?lssien system co\.lered under this petition for the tariff period 2009 - 2014 up to 31.03.2044 has been approved by the Hon'ble Commission vide its order dated 17.09.201 0 in petition No.: 561201 0, a copy whereof is attached hereto as Encl.-l, pagelb. to 3.3.

5.0 That the Petitioner is required to adjust the yearly impact of MAT as per regulation 6(5) of the amendment to the tariff Regulation 2009-14 period dated 21.06.201 1 in the truing up petition for 2009-14 tariff block.

Regulation 6(5) of the amendment to the tariff Regulation 2009-14: Quote

" Provided further that Annual Fixed Charge with respect to the tax rate applicable to the generating company or the transmission licensee, as the case may be, in line with the provisions of the relevant Finance Acts of the respective year during the tariff period shall be trued up in accordance with Regulation 6 of these regulations."

Unquote

The 2009-14 truing up exercise is to be done at the time of filing tariff petition for next block, i.e. 2014-19 period as per regulation 6(1) of Tariff Regulation 2009-14.

Regulation 6(1) of Tariff Regulation 2009-14:

Quote

"The Commission shall carry out truing up exercise aloqg with the tariff petition filed .

for the next tariff period, with respect to the capital expenditure including additional capital expenditure incurred up to 31.3.2014, as admitted by the Commission after prudence check at the time of truing up."

Unquote The MAT rate applicable to the petitioner for the various years as per the Finance Act of the relevant year and the revised grossed up ROE are as giver1 below:

Year

2009-1 0 201 0-1 1 2011-12 201 2-1 3 2013-14

MAT Rate

16.995 19.931 20.008 20.008 20.961

Grossed up ROE (Base ratel(1 -t) 18.674 19.358 19.377 19.377 19.61 0

In line with above Regulation the tariff for each year of the tariff period 2009-14 block w.r.% the actual tax rate applicable to the petitioner in line with provisions of the relevant Finance Acts has been trued up.

6.0 While filing Tariff petition for 2009-14 period the petitioner had prayed for allowing the floating rate of Interest on loan adjustments. As per Hon'ble Commission order dated 08.06.201 1 in petition no. 23812010, it has been stated that interest on loan was calculated on basis of prevailing rates as on 01.04.2010 and any change in the rates of interest subsequent to 01.04.2010 will be considered at the time of truing up. Accordingly in the instant petition, the truing up on account of impact due to change in MAT rate as well as floating rate of interest is being carried out.

7.0 TRANSMISSION TARIFF

7.1 Tariff for 2009-14 period (MATlF%oating)

In line with the para 5 & 6 above the revised transmission tariff for 2009-14 block is worked out as follows:

Project

400 kV D/C Vijayawada- Nellore transmission line, 400 kV DIC Nellore- Sriperumbud ur line, New 400 kV Switching station at Nellore, extension of Vijayawada and Sriperumbud ur sub-station with bays.

Annual Fixed Cost approved

Revised AFC based on truing up

The tariff for block 2009-14 has been worked out as per Appendix-l, Part Ill of the tariff regulations for period 2009-14 and the Tariff Filing Formats along with the other relevant information and supporting documentation are attached hereto as Encl.- 2, page 33 to .C.

7.2 Tariff for 2014-19 period

That as per regulation 6(l)(i), Regulatory Commission (Terms for transmission of electricity on

20 (3) and regulation 21 of the Central Electricity and Conditions of ISTS shall comprise for recovery

' i

P

of annual fixed cost consisting of (a) Return on Equity, (b) Interest on Loan, (c) Depreciation, (d) Interest on Working Capital and (e) Operation and maintenance expenses. The tariff for block 2014-19 has been worked out as per Appendix-l, Part Ill of the tariff regulations for period 2014-19 and the Tariff Filing Formats along with the other relevant information and supporting documentation (if any) are attached hereto as Encl.- 3, page%@ to .H.

-The capital cost admitted by CERC as on 31.03.2014 is Rs 34594.16 bakhs and same has been considered for computation of tsriff for 2009 -?4 R, 20?4-19 period.

The tariff from 01.04.2014 to 31.03.2019 is summarized below :

1 Period 1 Annual Fixed Cost (Rs. Lakh)# I

# - While calculating Annual fixed O&M charges, rates as specified in the Tariff Regulation12014 have been considered. However, the petitioner is approaching the Hon'ble Commission through review petition for revision in the O&M rates. Thus the Annual Fixed Cost is subject to the outcome of the said review petition.

7,3 The asset will comp!ete ? 2 Yrs. or! 0? .03.20? 5 anc! thus depreciation during 201 5-16, 201 6-1 7, 201 7-1 8 and 201 8-1 9 has been calculated based on the remaining depreciable value to be recovered in the balance- useful life as per clause 27 of the CERC Tariff regulations 2014. The details have been computed and are provided in Form- l 0 A.

at, it is submitted that the petitioner being liable to pay income tax at MAT rate, the E has been calculated @ 19.610 % after grossing up the ROE with MAT rate of

20.961% based on the rate prescribed by the Hon'ble Commission as per illustration under regulation 25 (2) (i) of the Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2014 during 2014-19 period. That as per clause 25 (3) of the above regulation, the grossed up rate of ROE at the end of every financial year shall be trued up based on actual tax paid together with any additional tax demand including interest thereon duly adjusted for any refund of tax including interest received from the IT authorities pertaining to the tariff period 2014-15 to 2018-19 on actual gross income of any financial year. Any under-recovery or over- recovery of grossed up rate on ROE after truing up shall be recovered or refunded to beneficiaries on year to year basis. It is further submitted that adjustment due to any additional tax demand including interest duly adjusted for any refund of tax including interest received from IT authorities shall be recoverable ladjustable during 1 after completion of income tax assessment of the financial year.

7.5 That as provided in clause 39 of the Tariff Regulations 2009 & clause 49 of the Tariff Regulations 2014, the deferred tax liability before 01.04.2009 shall be recovered from the beneficiaries or the long term same gets materialized.

12

,.' ,..'

7.6 Service tax on transmission has been put in the negative list w.e.f. 01.04.2012 and accordingly the Transmission Charges indicated at para 7. 'l & 7.2 above, is exclusive of Service Tax and the same shall be borne and additionally paid by the respondent(s) to the petitioner and the same shall be charged, billed separately by the petitioner if at any time the transmission charges is withdrawn from the negative list. Further, any additional taxes are to be paid by the petitioner on account of demand from Govt 1 Statutory authorities, the same may be allowed to be recovered from the beneficiaries.

7.7 In the tariff calculation for 2014-19 period Interest on Loan has been calculated on the basis of rate prevailing as on 01.04.2014. The change in lnterest rate due to floating rate of interest applicable, if any, for the project needs to be claimed 1 adjusted over the tariff block of five (05) years directly from I with the beneficiaries. However, In tariff calculation for 2009-14 period, lnterest on Loan has been calculated based on actual interest rates for each year.

For the ur o e of the supporting documents for rate of interest, kindly refer pageyl. 4 P& to vs(. 6 r affidavit dtd 30.06.2014 which was filed before the Hon'ble Commission to avoid duplicacylrepeatative submission of voluminous documents in each petition. These documentsldetails are also available on our website www.powergridindia.com.

7.8 The transmission charges at para-7.2 above is inclusive of O&M expenses for the project derived based on the norms for O&M expenditure for Transmission System as specified under regulation 29 (3) (a) of the tariff regulations for block 2014-19. It is the understanding of the petitioner that these norms for O&M expenditure been arrived by the Honibie Commission after considering (i) normalized actual O&M expenses of the petitioner on its various projects in val-ious regions during the year 2008-09, 2009-1 0, 201 0-1 1, 201 1-12 and 201 2-1 3. It is submitted that the wage revision of the employees of the petitioner company is due during 2014-19 and actual impact of wage hike which will be effective from a future date has also not been factored in fixation of the normative O&M rates prescribed for the tariff block 2014-19. The scheme of wage revision applicable to CPSUs being binding on the petitioner, the petitioner reserves the right to approach the Hon'ble Commission for suitable revision in the norms for O&M expenditure for claiming the irr~pact of wage hike, if any, during 2014-19.

The application filing fee, expenses incurred on publication of Notices in News papers and License fee may be allowed to be recovered separately from the respondents in terms of Regulation 52 Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2014. The fees and charges to be paid by the petitioner as ISTS licensee (deemed ISTS licensee) under CERC (Fees and Charges of RLDC and other matters) Regulations as amended from time to time shall also be recoverable from the DlCs as provided under clause 52(2) (a).

7.10 The Transmission Charges and other related Charges indicated at para 7.0 above, is exclusive of incentive, late payment surcharge, FERV, any statutory taxes, levies, duties, cess, filing fees, license fee, RLDC fees and charges or any other kind of imposition (S) and1 or other surcharges etc. whatsoever imposed 1 charged by any Government (Centrailstate) and I or any other local bodies/authorities/reguIatory authorities in relation to transmission of electricity, ey" r~Menta l protection, andlor in respect of any of its installation associated with thediansmlssl~n System and the

!c:

same shall be borne and additionally paid by the respondent(s) to the petitioner and the same shall be charged, billed separately by the petitioner on the respondents.

8 Sharing of Transmission Charges

Tariff for Transmission of Electricity (Annual Fixed Cost) as per para 7.0 above shall be recovered on nionthly basis in accordance with Regulation 43 of Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2074 and sha!! be shared by the benefici~ries, I ~ n g term trsnsmissi~n custemers in Central Electricity Regulatory Commission (Sharing of Inter State Transmission Charges and bosses) Regulations, 2010 dated 15.06.201 0 and amendment to these Regulations issued vide order dated 30.1 1.2012 or as amended from to time.

However, the transmission charges for 2009-14 period upto 30.06.201 1 shall be recovered on monthly basis in accordance with Regulation 23 and shall be shared by the respondents in accordance with regulation 33 of CERC (Terms and Conditions of Tariff) Regulations, 2009.

9 In the circumstances mentioned above it will be just and proper that the transmission tariff for the assets covered under this petition be allowed to be charged from the Respondents on the basis set out in para-7.0 above. The Petitioner submits that the Encl.-l to Encl.-Smay please be treated as integral part of this petition.

PRAYER

It is respectfully prayed that the Hon'ble Comrr~ission may be pleased to

l) Approve the revised Transmission Tariff for 20'09-14 block and transmission tariff for 2014-1 9 block for the assets covered under this petition , as per pa'ra - 7 above.

2) Allow the petitioner to recover the shortfall or refund the excess Annual Fixed Charges, on account of Return on Equity due to change in applicable Minimum AlternateICorporate Income Tax rate as per the Income Tax Act, '1 961 ( as amended from time to time) of the respective financial year directly without making any application before the Commission as provided under clause 25 of the Tariff regulations 2014.

3) Allow the petitioner to recover the deferred tax liability before 01.04.2009 from the beneficiaries or the long term customers IDlCs as and when the same gets materialized.

4) Allow the Petitioner to approach Hon'ble Commission for suitable revision in the norms for O&M expenditure for claiming the impact of wage hike, if any, during period 2014-1 9.

5) Approve the reimbursement of expenditure by the beneficiaries towards petition filing fee, and expenditure on publishing of notices in newspapers in terms of Regulation 52 Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2014, and other expenditure ( if any) in relation to the filing of petition.

6) Allow the petitioner to bill and recover Licepsee fee and RLDC fees and charges,

separately from the respondents in terms of Regulation 52 Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2014.

7) Allow the petitioner to bill and adjust impact on Interest on Loan due to change in Interest rate on account of floating rate of interest applicable during 2814-49 period, if any, from the respondents. (wherever applicable)

8) Allow the Petiti~ner to bill and recover Service tax on Transmission Charges separately from the respondents, if at any time service tax on transmission is withdrawn from negative list at any time in future. Further, any taxes and duties including cess etc. imposed by any statutory/Govtlmunicipal authorities shall be allowed to be recovered from the beneficiaries.

and pass such other relief as Hon'ble Commission deems fit and appropriate under the circumstances of the case and in the interest of justice.

Filed by Power Grid Corporation of India Ltd.

om~ ( p . s m ~ W ) Represented by

Gurgasn Dated: a .07.2044

By. General Manager (Commercial)

CENTRAL ELECTRICITY REGULATORY COMM%SSIQN NEW DELHI

Corarn: 3 . Shri V.S.Verma, Member 2, %hp.: & A R s a m a R a n s r r l p . ~ L \ A e - k r r r

e 9 I II I I W I D Y G G I I U W M Y UlMl Is I W # F ; I I I W F ; I

DATE OF HEARING: 24.6.2016) DATE OF ORDER 17.9.2030

In the matter of

Approval of transmission tariff for 400 kV D/C Vijayawada-Nellore transmission line, 400 kV D/C Nellore-Sriperumbudur line, New 400 kV Switching station at Nellore, extension of Vijayawada and Sriperumbudur sub-station with associated bays under system strengthening scheme in Southern Region for the period from 1 -4.2009 to 31.3.201 4.

And in the matter of

Power Grid Corporation of India Limited, Gurgaon ..Petitioner vs

1. Kerala State Electricity Board, Thiruvanathapuram 2. Tamil Nadu Electricity Board, Chennai 3. Electricity Department, Govt. of Pondicherry, Pondicherry 4. Electricity Department, Government of Goa, Panaji 5. Transmission Corporation of Andhra Pradesh Ltd., Hyderabad 6. Northern Power Distribution Company of Andhra Pradesh Limited, Warangal 7. Eastern Power Distribution Company of Andhra Pradesh Limited, Vishakhapatnam 8. Southern Power Distribution Company of Andhra Pradesh Limited, Tirupati 9. Central Power Distribution Company of Andhra Pradesh Limited, Hydera bad 10.Karnataka Power Transmission Corporation Limited, Bangalore 1 1. Bangalore Electricity Supply Company Ltd., Bangalore 12. Gulbarga Electricity Supply Company Ltd. Gulburga 13. Hubli Electricity Supply Company Ltd., Hubli 14. MESCOM Corporate office, Mangalore 15.Chamundeswari Electricity Supply Corporation Ltd., Mysore.

.Respondents

'The following were present:

1. Shri U.K.Tyagi, PGClL 2. Shri M.M. Mondal, PGClL 3. Shri R.Prasad, PGClL

Order in Pet No.56-2010 Page 1 of 18

4. Shri R.K.Gupta, PGClL 5. Shri V.Vamsi, PGClL

ORDER

The petition has been filed seeking approval of tariff 400 kV D/C

\!ijaya\.~!ac?a-Ne!!or~ Qransmisior! !he, A00 kV C)!C RJe!!ore-.Ciper~-~mbudvr line;

New 400 kV Switching station at Nellore, extension of Vijayawada and

Sriperumbudur sub-station with associated bays (collectively referred to as "the

transmission assets") under system strengthening scheme (the transmission

scheme) in Southern Region for the period 1.4.2009 to 31 -3,201 4 based on the

Central Electricity Regulatory Commission (Terms and Conditions of Tariff)

Regulations, 2009 (hereinafter referred to as "the 2009 regulations"). The

petitioner has made the following additional prayers:-

(a) To invoke the provision of Regulation 44 of the 2009 regulations for

relaxation of regulations 15 (3) of the 2009 regulations so that grossing

up the base rate shall be considering the revised rate of MAT as per the

Finance Act, 2009 for the year 2009-10 and as per the Finance Act,

2010 for the year 2010-1 1 and subsequent years and allow

consequential impact on tariff for 2009-1 4 period accordingly;

(b) To approve reimbursement of petition filing fee and publication of

notices in the newspaper as per the 2009 regulations;

(c) Allow to adjust impact on interest on loan due to floating rate of

interest applicable during 2009-1 4;

(d) Allow to recover the service tax on transmission charges separately

from the respondents, if the petitioner is subjected to such service tax;

and

Order in Pet No.56-2010 Page 2 o f 18

[e) Allow reimbursement of licence fee separately from the respondents.

2. The investment approval for the transmission scheme was accorded by

the Central Government vide letter dated 5.2.2001 at an estimated cost of

7 39628.00 lakh, including IDC of 7 2900.00 lakh. The transmission assets were

declared under commercial operation 1.3.2003.

3. The annual transmission charges for the period from 1.4.2004 to 31.3.2009

were decided by the Commission in its order dated 20.7.2009 in Petition No.

4312009 based on admitted capital of 734594.16 including additional

capitalization for the period 2004-09.

4. The petitioner has claimed the transmission charges as under:

(7 in lakh) 1 1 2009-10 1 2010-11 1 2011-12 1 2012-13 1 2013-14 1

5. The details submitted by the petitioner in support of i ts claim for interest

Depreciation Interest on Loan Return on Equity Interest on Working Capital 0 & M Ex~enses

on working capital are given hereunder:

1820.51 1706.79 101 1.54 132.1 8 751.28

Maintenance Spares 0 & M expenses Receivables Total

6. Reply to the petition has been filed by Tamil Nadu Electricity Board

1820.51 1530.86 1011.54 130.67 794.35

. - .

Rate of Interest Interest

(TNEB). No comments or been received from the general

Page 3 of l 8 Order in Pet No 56-2010

1 12.69 62.61

903.72 1079.02

1820.51 1354.55 1011.54 129.27 839.84

12.25% 132.18

119.15 66.20

881.32 1066.67

1 820.51 1 177.58 1011.54 127.98 887.82

12.25% 130.67

1820.51 1001.28 1011.54

126.84 938.39

125.98 69.99

859.29 1055.26 12.25% 1 29.27

133.17 73.99

837.57 1044.73

140.76 78.20

81 6.43 1035.39

12.25% 127.98

12.25% 126.84

public in response to the notices published by the petitioner under section 64

of the Electricity Act, 2003. TNEB in its reply has made following submission:

(i) To allow reimbursement of impact on tariff on account of

change in income tax rates during the tariff period, if any, at the end of

tariff:

(ii) As such there is no provision in the 2009 regulations for

reimbursement on account of change in the rate of MATICorporate tax

on a yearly basis. However, since a year in the present tariff period has

already elapsed, the rates prevailing on the date of petilion be

considered in awarding tariff and further variations if any may be

allowed to be settled along with truing up exercise at the end of the

tariff period without any interest liability on the beneficiaries ;

(iii) Under para 6.4 of the petition, the petitioner has prayed that the

service tax payable by them be allowed to be recovered from the

beneficiaries. As the petition No. 6212009 pertaining to ,the issue is to be

disposed of by the Commission, therefore, without prejudice to our

rights available, the outcome of the said petition No. 6212009 be made

applicable in this case also.;

(iv) To negate the filing fee claim in line with the decision taken by

the Commission vide its order dated 11.9.2008 in Petition No. l2912005

(Suo motu);

Page 4 of 18 Order in Pet No.56-2010

( v To negate the request for revision of the normative o & M

expenses considering the impact of wage revision, effective from

1 . l 2007 as the regulations does not provide any revision under any

circumstances. TNEB has also raised issues of the reimbursement of

expenditure towards publishing notices and licence fee. The issues

raised by the MPPTCL have been dealt with in the relevant paras of this

order

7. The petitioner has filed its rejoinder vide affidavit dated 9.6.2010. In

regard to first and second issues above , the petitioner has submitted that

unless the revision in MAT rate is effected in computing the ROE, the cash flow

would be adversely affected as tax ~vould have to be paid at revised rate of

MAT 15% @ in accordance with the Finance Act, 2009 whereas cash would

be generated through ROE based on MAT@ 10%. Finance Act, 2010 has

increased the MAT Rate to 18%. Revision of rate of pre-tax return on equity with

the applicable MAT as per the Finance Act, 2009/2010 would save both the

petitioner and the beneficiaries from an add~.l.ional exercise and also avoid

accumulation of arrears in respect of revision of ROE for all the tariff period

2009-14. In regard to service tax, the petitioner has submitted that in the

Finance Act 2010, transmission service has been exempted from service tax.

However, service tax implication, if any, for the period 2009-1 0 shall have to be

shared by the beneficiaries. In regard to 0 8, M the petitioner has submitted

that per ckt. km. and per bay 0 & M rates considered are based on the

2004 regulations . The petitioner has submitted that the wage revision for the

executive levels has already been done, however, for the non-executive


levels, the wage revision shall be done shortly and he will approach before

the Commission for additional manpower cost on account of wage revision

during the period 2009-1 4.

CAPITAL COST

8. As per clause (2) of Regulation 7 of the 2009 regulations, the project cost

admitted by the Commission for determination of tariff prior to 1.4.2009 shall

form the basis for determination of tariff.

9. The petitioner has claimed the capital expenditure of 734594.1 6 lakh,

which was admitted vide order dated 20.7.2009 in Petition No. 4312009. The

petitioner has not claimed any additional capitalization.

10. Accordingly, gross block of 734594.16 lakh as on 31.3.2009 has been

considered for the purpose of tariff.

DEBT- EQUITY RATIO

1 1. Clause (2) of Regulation 12 of the 2009 regulations inter alia provides

"(2) In case of the generating station and the transmission system declared under commercial operation prior to 1.4.2009, debt-equity ratio allowed by the Commission for determination of tariff for the period ending 31.3.2009 shall be considered."

12. The petitioner has claimed tariff based on debt-equity ratio of

83-27:] 6.73 as considered by the Commission in its order dated 20.7.2009 ibid.

The same debt-equity ratio has been considered for the purpose of tariff.


RETURN ON EQUITY

13, Regulation 15 of the 2009 regulations provides that,-

" 15. ( 1 ) Return on equity shall be computed in rupee terms, on the equity base determined in accordance with regulation 12.

(2) Return on equity shall be computed on pre-tax basis at the base rate of 15.5% to be grossed up as per clause (3) of this regulation:

Provided that in case of projects commissioned on or after 1st April, 2009, an additional returr! of 0.5% shal! be allowed if such projects are completed within the timeline specified in Appendix-ll:

Provided further that the additional return of 0.5% shall not be admissible if the project is not completed within the timeline specified above for reasons whatsoever.

(3) The rate of return on equity shall be computed by grossing up the base rate with the normal tax rate for the year 2008-09 applicable to the concerned generating company or the transmission licensee, as the case may be:

Provided that return on equity with respect to the actual tax rate applicable to ihe generating company oi the transmission licensee, as the case may be, in line with the provisions of the relevant Finance Acts of the respective year during the tariff period shall be trued up separately for each year of the tariff period along with the tariff petition filed for the next tariff period.

(4) Rate of return on equity shall be rounded off to three decimal points and be computed as per the formula given below: Rate of pre-tax return on equity = Base rate l ( 1 -t] Where t is the applicable tax rate in accordance with clause (3) of this regulation.

(i) In case of the generating company or the transmission licensee paying Minimum Alternate Tax (MAT) @ 1 1.33% including surcharge and cess:

Rate of return on equity = 15.501 (1 -0.1 133) = 1 7.48 1 %

(ii) In case of generating company or the transmission licensee paying normal corporate tax @ 33.99% including surcharge and cess:

Rate of return on equity = 15.501 ( 1 -0.3399) = 23.481 %."

14. The petitioner has compufed return on equity on pre-tax basis on 1 1.33%

MAT in accordance with tax rate applicable for the year 2008-09 and claimed

return on equity of 7101 1.54 lakh each year during the tariff period @ 17.481%


against the equity base of 55786.52 lakh. This has been found to be in order.

Accordingly, the petitioner shall be entitled to return on equity @ 71 01 1.54 lakh

each year during the tariff period, as claimed.

i 5. in regara io M A T , ine ~omrnission viae iis order aaiea 3.8.2010 in Peiiiion

No. 171201 0 has already taken a decision to amend the 2009 regulations. The

relevant portion of the said order is extracted as under:

"We are of the view that this issue of 'grossing up the base rate with the normal tax rate for the year 2008-09' is generic in nature and therefore, it will be appropriate to make suitable provisions in the 2009 regulations to cater to any future changes in the tax rate. Accordingly, we direct the staff of the Commission to prepare and submit draft amendment to the 2009 regulations for allowing grossing up of base rate of return with the applicable tax rate as per the Finance Act for the relevant year and direct settlement of tax liab~lity between the generaling company/transmission licensee and the beneficiariesllong term transmission customers on year to year basis. Any underlover recovery on account of direct settlement of tax liability shall be subject to the final adjustment at the time of true up exercise,"

16. In view of our above order the prayer of the petitioner will be taken care

of after amendment of the regulations.

INTEREST ON LOAN

17. Regulation 16 of the 2009 regulations provides that,-

" 16. (1 ) The loans arrived at in the manner indicated in regulation 12 shall be considered as gross normative loan for calculation of interest on loan.

(2) The normative loan outstanding as on 1.4.2009 shall be worked out by deducting the cumulative repayment as admitted by the Commission up to 31.3.2009 from the gross normative loan.

(3) The repayment for the year of the tariff period 2009-14 shall be deemed to be equal to the depreciation allowed for that year:

(4) Notwithstanding any moratorium period availed by the generating company or the transmission licensee, as the case may be the repayment of loan shall be considered from the first year of commercial operation of the

Page 8 of l8

(5 ) 'The rate of interest shall be the weighted average rate of interest calculated on the basis of the actual loan portfolio at the beginning of each year applicable to the project:

Provided that if there is no actual loan for a particular year but normative loan is still outstanding, the last available weighted average rate of interest shall be considered: '

Provided further that if the generating station or the transmission system, as the case may be, does not have actual loan, then the weighted average rate of interest of the generating company or the transmission licensee as a whole shall be considered.

(6) The interest on loan shall be calculated on the normative average loan of the year by applying the weighted average rate of interest.

(7) The generating company or the transmission licensee, as the case may be, shall make every effort to re-finance the loan as long as it results in net savings on interest and in that event the costs associated with such re-financing shall be borne by the beneficiaries and the net savings shall be shared between the beneficiaries and the generating company or the transmission licensee, as the case may be, in the ratio of 2: 1.

(8) 'The changes to the terms and conditions of the loans shall be reflected from the date of such re-financing.

(9) In case of dispute, any of the parties may make an application in accordance with the Central Electricity Regulatory Commission (Conduct of Business) Regulations, 1999, as amended from time to time, including statutory re-enactment thereof for settlement of the dispute:

Provided that the beneficiary or the transmission customers shall not withhold any payment on account of the interest claimed by the generating company or the transmission licensee during the pendency of any dispute arising out of re-financing of loan."

18. In our calculation, the interest on loan has been worked out as

detailed below:

(i) Details of net outstanding loan as on 31.3.2009, cumulative

repayment up to 31 -3.2009, rate of interest for Bonds, repayment

schedule for the loans. etc. have been taken from the order

dated 20.7.2009 in Petition No. 4312009 for working out weighted

average rate of interest


[ii) Tariff has been worked out considering normative loan and normative

repayments. Depreciation allowed has been taken as normative

repayment for the period 2009-1 4.

(iii! Weighted average rate of interest on actual loan worked out as

above has been applied on the average loan during the year to

arrive at the interest on loan.

19. OBC and PbIB-ll loans considered by the petitioner have floating rate of

interest. The petilioner has submitted that the change in interest rate due to

floating rate of interest applicable, if any needs to be claimed/adjusted over

the tariff period 2009-14 directly from the beneficiaries. The interest of loan

has been calculated on the basis of interest rates prevailing as on 1.4.2009 as

per the 2009 regulations. Based on the above, the year-wise details of interest

worked out are given hereunder:

,

20. The detailed calculations in support of the weighted revised average rate of

interest are contained in Annexure attached.

Net Loan-Opening

Order in Pet No.56-2010

2013-14

28807.64

171 49.88

1 18939.79 1 171 19.28 1 15298.77 1 13478.26 ( 1 1657.76

Page 10 of 18

Details of loan

Gross Normative Loan Cumulative Repayment up to Previous

2009-10

28807.64

9867.85

Upto 31.3.2009

28807.64

Addition due to Additional 0.00 1 0.00 1 0.00 1 0.00 1 0.00

2010-11

28807.64

I 1688.36

2011-12

28807.64

13508.87

2012-13

28807.64

15329.38

DEPRECIATION

21. Regulation 17 of the 2009 regulations provides for computation of

depreciation in the following manner, namely:

"17. ( 1 ) 'The value base for the purpose of depreciation shall be the capital cost of the asset admitted by the Commission.

(2) The salvage value of the asset shall be considered as 10% and depreciation shall be allowed up to maximum of 90% of the capital cost of the asset.

(3) Land other than the land held under lease and the land for reservoir in case of hydro generating station shall not be a depreciable asset and its cost shall be excluded from the capital cost while computing depreciable value of the asset.

[4) Depreciation shall be calculated annually based on Straight Line Method and at rates specified in Appendix-Ill to these regulations for the assets of the generating station and transmission system:

Provided that, the remaining depreciable value as on 31st March of the year closing after a period of 12 years from date of commercial operation shall be spread over the balance useful life of the assets.

(5) In case of the existing projects, the balance depreciable value as on 1.4.2009 shall be worked out by deducting the cumulative depreciation as admitted by the Commission up to 31.3.2009 from the gross depreciable value of the assets.

(6) Depreciation shall be chargeable from the first year of commercial operation. In case of commercial operation of the asset for part of the year, depreciation shall be charged on pro rata basis."

22. The depreciation has been worked out on the admitted capital

expenditure of 734594.1 6 lakh as on 31.3.2009. Cumulative depreciation up to

31.3.2009 amounting to 79867.85 lakh has been taken as per order dated

20.7.2009 in Petition No. 4312009.


23. For the period 1.4.2009 to 31 -3.2014 the depreciation works out to

T1820.51 lakh each year by applying rate of depreciation of 5.2625% as shown

below:

( T in lakh) Details of Depreciation I I Upto 1 2009-90 1 2010-11 l 2011-12 l 2012-13 1 2013-94 1

( 31.3.2009 1 Gross block as per order dated I 1 34594.1 6 1 34594.1 6 1 34594.1 6 1 34594.1 6 1 34594.1 6 1 34594.1 6 20.7.2009

OPERATION $I MAINTENANCE EXPENSES

Addition during 2009-14 due to ( projected Additional Capitalisation Gross block as on 31.3.2009

24. In accordance with clause (g) of Regulation 19 the 2009 regulations, the

0.00 1 0.00 1 0.00 1 0.00 1 0.00

following norms for 400 kV D/C Vijaywada-Nellore and 400 kV D/C Nellor-

34594.1 6

Sriperumbudur lines and new 400 kV Switching station at Plellore, extension of

Vijaywada and Sriperumbudur sub-station with associated bays are

34594.1 6

prescribed for 0 & M expenses:

34594.1 6

25. 'The petitioner has claimed 0 & M expenses for 529.64 Ckt.km. and 8

bays, which has been allowed. Accordingly, the petitioner's entitlement to

0 & M expenses has been worked out as given hereunder:

(7 in lakh)

400 kV D/C transmission line (7 in lakhlkm) 400 kV sub-stationlbays (3 in lakhl bay)

l I Year I

34594.1 6 34594.1 6

Year


Transmission lines (529.64 km)

O&M expenses for 8 bays

Page 12 of 18

2013-14 0.783 65.46

2009-10 0.627 52.40

- /' / ,

i I - \

2009-10

332.08

4 19.20

2010-11 0.663 55.40

2010-11

35 1 . l 5

443.20

2011-12 0.701 58.57

2012-13 0.741 61.92

2011-12

37 1.28

468.56

2012-13

392.47

495.36

2013-14

41 4.70

523.68

26. The peliiioner has submitted that transmission charges claimed for the

year 2009-14 is inclusive of 0 & M expenses for project derived based on the

norms for expenditure as specified under Regulation 19 (g) of the 2009

regulation. Accordingly, 0 & M expenses for the transmission assets have

been considered as per Regulation 19 (g) of the 2009 regulations. The

petitioner has further submitted that he reserves the right to approach the

Commission for suitable revision in the norms for 0 & M expenditure in case the

impact of wage hike w.e.f 1 .l 2007 is more then 50%. The petitioner has further

submitted that 0 & M norms for the period 2009-14, the cost associated with

license fees had not been captured and the licence fee be allowed to be

recovered separately from the respondents. The petitioner has not made any

claim towards wage hike and licence fee in the present petition, these issues

shall be considered after making the application by the petitioner in this

regard.

INTEREST ON WORKING CAPITAL

27. The components of the working capital and the interest thereon are

discussed hereunder:

(i) Receivables

As per Regulation 18(l] (c] (i) of the 2009 regulations, receivables

will be equivalent to two months average billing calculated on target

availability level. The petitioner has claimed the receivables on the basis

2 months' transmission charges claimed in the petition. In the tariff being

allowed, receivables have been worked out on the basis 2 months'

transmission charges.

Order in Pet No.56-2010 Page 13 o f 18

(ii) Maintenance spares

Regulation 18(1 )(C) (ii) of the 2009 regulations provides for

maintenance spares @ 15% per annum of the 0 & M expenses from

1.4.2009. 'The value of maintenance spares works out to 41 12.69 lakh as

on 1.4.2009.

(iii) 0 & M expenses

Regulation 18(1) [c] (iii) of the 2009 regulations provides for

operation and maintenance expenses for one month as a component

of working capital. The petitioner has claimed O&M expenses for

1 month of O&M expenses of the respective year as claimed in the

petition. This has been considered in the working capital.

(h) Rate of interest on working capital

As per Regulation 18(3) of the 2009 regulations, rate of interest on

working capital shall be on normative basis and shall be equal to the

short-term Prime Lending Rate of State Bank of India as on 1.4.2009 or on

l st April of the year in which the project or part thereof (as the case may

be) is declared under commercial operation, whichever is later. The

interest on working capital is payable on normative basis

notwithstanding that the transmission licensee has not taken working

capital loan from any outside agency. The petitioner has claimed

interest on working capital @ 12.25% based on SBI PLR as on 1.4.2009,

which is in accordance with the 2009 regulations and has been allowed.


28. The necessary computations in suppod of interest on working capital are

appended hereinbelow:

TRANSMISSION CHARGES

(7 in lakh)

29. The transmission charges being allowed for the transmission asset are

summarised below:

Maintenance Spares 0 & M expenses Receivables Total Rate of Interest Interest

Application fee and the publication expenses

30. 'The petitioner has sought approval for the reimbursement of fee paid

by it for filing the petition. In accordance with our decision in order dated

1 1 .l 201 0 in Petition No. 10912009, the petitioner shall be entitled to recover the

filing fee from the beneficiaries.

2009-90 1 12.69 62.61

903.72 1,079.02

12.25% 132.18

0 & M Expenses Total

31. Accordingly, expenses incurred by the petitioner on application filing

fees and publication of notices in connection with the present petition shall

be directly recovered from the bene.riciaries on pro rata basis.


751.28

5422.30

Page 15 of 18

2Q10-11 119.15 66.20

881.32 1,066.67

12.25% 130.67

2012-13 133.17 73.99

837.57 1,044.73

12.25% 127.98

201 1-12 125.98 69.99

859.28 1,055.25

12.25% 129.27

794.35

5287.93

2013-14 140.76 78.20

81 6.43 1,035.38

12.25% 126.83

839.84

5.1 55.71

887.82

5025.43

938.39

4898.56

Service Tax

32. Presently, service tax on transmission service has been exempted by

Government of India vide its notification No. 20/2010 dated 27.2.2010 read

with notification No. 451201 0 dated 20.7.201 0. Therefore, prayer made by the

petitioner for recovery of service tax on transmission charges from the

beneficiaries has become infructuous.

33. In addition to the transmission charges, the petitioner shall be entitled to

other charges like income-tax, surcharge and other cess and taxes in

accordance with the 2009 regulations.

34. The transmission charges allowed shall be recovered on monthly basis in

accordance with Regulation 23 and shall be shared by the respondents in

accordance with Regulation 33 of the 2009 regulations.

35. This order disposes of Petition No. 56/20 10.

sd/- (M.DEENA DAYALAN)

MEMBER


sd /- (V.S.VERMA)

MEMBER

Page 16 of 18


CALCULATlON OF WEIGHTED A\IERAGE RATE OF INTEREST O N LOAN

B in lakh) 2013-14

988.00 980.00

4

the date of commercial

_./ L.'.- : - . &. .. Page 17of 18

! , .. , , .

-c//' ..'.

Details of Loan BONDS IX Gross loan opening Cumulative Repayment up to

2089-10

980.00 588.00

2010-11

980.00 686.00

2011-12

988.00 784.00

2012-13

980.00 882.00

of 18 Order in Pet No.56-2010

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LZES P8 '6E8 LL'ZET SZ'TZTT t9 'ZTPT S'OZ8T

IT-TTOZ

LT'S8PS 8Z'TSL 9tr'EET LS'080T 9Ee669T S'OZ8T

OT-6001

0

0 0 0

0

60 -8OOZ Bu!aS!x3

leW1 a3ueuaau!eyy pue .do

(ea!de3 B u ! y ~ o ~ uo *aul Aqnb3 uo u~naau ueol uo asa~aaul

u o ~ e p a ~ d a a

s~elnxa~ed -

Form OA Calculation of Return on Equity

Name of the Transmission Licensee: Power Grid Corporation of India Limited Name of the Region: SOUTHERN REGION Name of the Project: SR SYSTEM STRENGTHENING ( Vijaywada - Nellore - Sriperumbudur)

Name of the Transmission Element: 400 KV D/C Vijayawada 28" Nellore line, 400 KV D/C Nellore i€" Sriperumbudur line, New 400 KV Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation

1 b Details of Transmission Lines and Substations, Communication System I l ~ a r n e of the Petitioner: Power Grid Corporation of India Limited I I ~ a m e of the Region: SOUTHERN REGION

Name of the Project: SR SYSTEM STRENGTHENING ( Vijaywada - Nellore - Sriperumbudur)

Name of the Transmission element or Communication system: 400 KV DfCVijayawada S€" Nellore line, 400 KV D/C Nellore 1E" Sriperurnbudur line, New 400 KV Nellore, Extension of Vijayawada and Sriperurnbudur Substation

Date of Commercial Operation: 01-Mar-2003 _____I Transmission Lines:

Substations:

Date of

operation

l-Mar-03 Y l-Mar-03 Y

SI.No.

1 2

Communication System:

SI. No. Name of Communication System Type of Technical Particulars Number / length Date of

Communication System operation

-- )I ,: - - .

,

Name of Line

Vijayawada-Nellore

Nellore-Sriperumbudur

SI. No

1

1

,h -13 1

.35 l

4 5 6 7 8

Type of Line AC/HVDC

AC AC

SIC or D/C

DC DC

Name of Sub-stat~on

MADRAS-Madras Bay -I

MADRAS-Madras Bay -11

NELLORE-Nellore Bay -I

NELLORE-Nellore Bay -11 NELLORE-Nellore Bay - I NELLORE-Nellore Bay - II VIJAYAWADA-V~jayawada Bay -I VIJAYAWADA-V~jayawada Bay -11 Total

Line Length CKt. KM

681.288 377.992

Line length

340.644 188.996

No. of Sub- Conductors

2 2

Type of Substation

Voltage level KV

400 KV 400 KV

Voltage level KV

400

400

400

400

400 400 400 400

No. of Transform

ers / Reacotrs/ SVCetc. 765 KV

Date of Commercial

operation

l-Mar-03

l-Mar-03

l-Mar-03

l-Mar-03 l-Mar-03 l-Mar-03 l-Mar-03 l-Mar-03

No. of

400 KV 1

1

1

1

1

1 1

1 R

Covered in the present petition Bays

220KV Yes/No Y

Y

Y

Y

Y Y Y

Y

132 KV & below If No, petition No.

L I

Form 1 l Calculation of ~epreciat ion Rate


Name of the Transmission Element: 400 KV D/C Vijayawada X" Nellore line, 400 KV D/C Nellore S€" Sriperumbudur line, New 400 KV Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation

Date of Commercial Operation: 01-Mar-2003

Particulars

Depreciable Value

Balance useful life of the asset (at the beginning of year)

Elapsed life of the asset (at the beginning of the

year)

Remaining Depreciable Value

Depreciation during the year

Depreciation upto previous year

Cumulative depreciation (incl. of AAD)

Net Normative Loan

Existing 2008- 09

2010-11

31123.29

27

7

19434.93

1820.5

11688.36

13508.86

6

2009-10

31123.29

28

6

21255.43

1820.5

9867.86

11688.36

0

20111-12

31123.29

26

8

17614.43

1820.5

13508.86

15329.36

0

2012-13

31123.29

25

9

15793.93

1820.5

15329.36

17149.86

0

Rs, in Lacs 2013-14

31123.29

24

10

13973.43

1820.5

17149.86

18970.36

0

Petitioner

Form 11 Calculation of Depreciation Rate

Mame of the Transmission Licensee: Power Grid Corooration of India Limited [Mame of the ~egion: SOUTHERN REGION

. Name of the Project: SR SYSTEM STRENGTHENING ( Vijaywada - Nellore - Sriperumbudur) Name of the Transmission Element: 400 KV D/C Vijayawada S€" Mellore line, 400 KW D/C Nellore d€" Sriperumbudur line, Mew 400 KV Switching station at Mellore, Extension of Vijayawada and Sriperumbudur Substation l I I

Date of Commercial Ooeration: 01-Mar-2003

SI. No.

1

Particulars

3 ITR LINE 1 29481.031 0 1 29481.03 1 29481.03 1 5.281 1556.6

1 l La~sed life I I I I I I 7 1

2009-2010 FREEHOLD LAND

4 SUB STATION 5

6

Gross block at the

beginning of the year

4557.261 01 4557.261 4557.261 5.281 240.62

12.72

PLCC LEASEHOLD LAND Total

Add Cap during the

year

0

172.09 0

34594.16

Gross block at the end of

the year

Weighted Average Rate of Depreciation

12.72

5.26

0 0 0

Average Gross Block

12.72

172.09 0

34594.16

Dep. Rate

Rs. in Lacs

Amount

0

172.09 0

34594.16

0

6.33 3.34

10.89 0

1820.5

I Form 111 Calculation of Depreciation Rate

Name o f the Transmission Licensee: Power Grid Corporation o f India Limited Name o f the Region: SOUTHERN REGION

l Name o f the Project: SR SYSTEM STRENGTHENING ( Vijaywada - Nellore - Sriperumbudur) harne o f the Transmission Element: 400 KV D/C Vijayawada X" Nellore line, 400 W B/C Nellore l€" Sriperumbudur line, New 400 KV Switching rtatlnn a? Ne!!~re, EyterxI~ly! ~ l f V ~ ~ ~ Y B W B C ! ~ a d S r I p e r ~ ' r n S ~ d ~ ~ Suhstetic::

I l

I ate of Commercial Operation: 01-Mar-2003

SI. No.

1 2

3 4

Particulars

5 6

2012-2013

FREEHOLD LAND BUILDING TR LINE SUB STATION

1 (FREEHOLD LAND

I l ~ e i a h t e d Average Rate of De~reciation I I I I I 5.261

Gross block at the

beginning of the year

PLCC LEASEHOLD LAND Total

12.72 1 0 1 12.72 1 12.72 1 0 1 0

3 4 5

6

12.72 371.06

29481.03

4557.26 172.09

0

34594.16

2 BUILDING TR LINE SUB STATION PLCC LEASEHOLD LAND Total

l

0 0

0

0

Weighted Average Rate of Depreciation Laosed life

371.061 0 1 371.061 371.061 3.341 12.39

Average Gross Block

Add Cap during the

year

5.26

10

0

0

0

29481.03 4557.26

172.09

0 34594.16

Gross block at the end of

the year

12.72 371.06

29481.03 4557.26

Dep. Rate

172.09

0 34594.16

0

0

0

0 0

Amount

12.72

371.06 29481.03

4557.26

172.09

0 34594.16

29481.03

4557.26 172.09

0 34594.16

0

3.34 5.28 5.28

0 12.39

1556.6 240.62

6.33

3.34

29481.03

4557.26 172.09

0 34594.16

10.89

0

1820.5

5.28

5.28 6.33

3.34

1556.6 240.62

10.89

0

1820.5

%+! ,

Statement of Depreciation a- - -

I Name of the Transmission Li&nsee:Pow~~rid Cor~oration of~ndia~imitedl Name of the Region: SOUTHERN REGION


Name of the Transmission Element or Communication System: 400 KV D/C Vijayawada if" Nellore line, 400 KV D/C Nellore S€" Siriperumbudur

line, New 400 KV Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation

IDate of Commercial O~eration: 01-Mar-2003 F Rs. in Lacs

Particulars 2010-11 2011-12 2012-13

opening Capital Cost 0 34594.1 6 34594.16 34594.16 34594.16 Closing Capital Cost 0 34594.16 34594.16 34594.16 34594.16

I I I I I

Average Capital Cost 0 34594.16 34594.16 34594.16 34594.16

D ,- -- (~reehold Land (AV. Cost) I 12.72

h:. , - /Balance useful life of the asset (at the beginning of year) 0 28

Elapsed life of the asset (at the beginning of the year) 0 6 7 8

I


I Depreciation during the year I ()l 1820.5 1 1820.5 1 1820.5 1 1820.51 1820.5 1 I I

Depreciation upto previous year 0 9867.861 11688.361 13508.861 15329.361 17149.861 I

Cumulative depreciation (incl. of BAD) O i 11688.361 13508.861 15329.36i 17149.861 18970.361

Form 13 Calculation of Weighted Average Rate of Interest on Loans

[ ~ a m e of the Transmission Licensee: Power Grid Corporation of India Limited Name of the Region: SOUTHERN REGION Name of the Project: SR SYSTEM STRENGTHENING ( Vijaywada - Nellore - Sriperumbudur)

,vame of the iialismission ~ i ~ ~ ~ ~ ~ i : 460 i('d ~ ; ~ v i j ~ ~ ~ ~ ~ b ~ 05" ;de;;ore ;iiie, 400 i<t' 2 ; ~ ~ ~ ; i ~ ~ ~ siiiieriiiiibiidiii I

!51e, New 400 KV Switching station at Mellore, Extension of Vijayawada and Sriperumbudur Substation l - I :Date of Commercial Oneration: 01-Mar-2003

I I RS. in ~ a c s l (~art iculars I

BOND IX-DOCO- Gross Opening Loan Cumulative Repayments of Loans upto Previous Year

Existing 2008. 09

Net Loans Opening

Add: Drawl(s) during the year

0 0

Less: Repayment(s) of Loan during t h e year

2009-10

0 0

m

980 588

0

Interest on Loan

2010-11

392 0

Net Closing Loan Average Net Loan Rate of Interest on Loan

0 1 42.02 1 30.011 18.01 1 6 1 0

BOND X-DOCO- Gross Opening Loan Cumulative Repayments of Loans upto Previous Year

980 686

98

I

Net Loans Opening Add: Drawl(s) during the year

2011-12

294

0

0 0 0

0 0

980 784

98

0 0

2012-13

196 0

294 343

12.25

5680 2366.66

2013-14

980

882

98

3313.34 0

980

980

98 0

196 245

12.25

5680

2839.99

0 0

98

2840.01 0

0

98 147

12.25

5680 3313.32

2366.68 0

0 49

12.25

5680 3786.65

0 0

12-25

5680 4259.98

1893.35 0

1420.02 0

Form 13 Calculation of Weighted Average Rate of Interest on Loans

Name o f the Transmission Licensee: Power Grid Cor~oration of India Limited Name of the Region: SOUTHERN REGION Name of the Project: SR SYSTEM STRENGTHENING ( Vijaywada - Nellore - Sriperumbudur)

Name of the Transmission Element: 400 KV D/C Vijayawada I€" Nellore line, 400 KW D/C Nellore a€'' Sriperumbudur Ijne, New 400 KW Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation

!Date of Commercial Operation: 01-Mar-2003

I I I l I I Rs. in ~ a c s l Particulars

BOND XI-option- I-DOCO- Gross Opening Loan Cumulative Repayments of Loans upto Previous Year

Net Loans Opening Add: Drawl(s) during the year

et Closing Loan 0 1 3103.341 2660.01 1 2216.68 1 1773.351 1330.02 1

Existing 2008.

09

0 0

Less: Repayment(s) of Loan during the year

0 0

BOND XII-DOCO-

2009-10

5320 1773.33

0

Average Net Loan Rate of Interest on Loan Interest on Loan

3546.67 0

(Net Loans o p e n i n g 1 01 249.33 1 218.161 186.99) 155.821 124.65 1

2010-11

5320 2216.66

443.33

0 0 0

Gross Opening Loan

Cumulative Repayments of Loans upto Previous Year

3103.34 0

2011-12

5320 2659.99

443.33

3325.01 9.8

325.85

0

0


Less: Repayment(s) of Loan during 1 the year

I I I I I I l

Interest on Loan 0 1 22.671 19.65 1 16.63 1 13.6 1 10.58 1

2660.01 0

Net Closing Loan

?Average Net Loan

Rate of Interest on Loan

2012-13

5320 3103.32

443.33

2881.68 9.8

282.4

374

124.67

0

0

2013-14

532C 3546.65

2216.68 0

0

0

0

1773.35 0

443.33

2438.35 9.8

238.96

374

155.84

0

31.17

443.33

218.16

233.75

9.7

1995.02 9.8

195.51

374

187.01

0

31.17

1551.69 9.8

152.07

186.99

202.58

9.7

374

218.18

0

31.17

374

249.35

155.82

171.41

9.7

0

31.17

0

31.17

124.65

140.24

9.7

93.48

109.07

9.7

Form 13 Calculation of Weiahted Averaae Rate of lnte'rest on Loans

IName of the Transmission Licensee: Power Grid Corporation of India Limited Name of the Region: SOUTHERN REGION Name of the Project: SR SYSTEM STRENGTHENING ( Vijaywada - Nellore - Sriperumbudur)

(Name of the Tra~smisslon Element: 400 KV D/C Vijavawada I€" Nellore line, 400 KV D/C Nellore X'' Sriperumbudur I Ene, New 400 KV Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation

!Date of Commercial O~eration: 01-Mar-2003

l Particulars

BOND - XIII - Option - I-DOCO- 7 upto Previous Year

Existing 20081 2009-101 2010-111 2011-12 1 2012-13 ( 09 2013-14 I

Net Loans Opening I O 1 l l I l

Less: Repayment(s) of Loan during 1 01 916.671 916.671 916.67

Add: Drawl(s) during the year 0 0 0 0

I Average Net Loan

the year

Net Closing Loan

I Rate of lnterest on Loan

C 7333.33 6416.66 5499.99

l Oriental Bank of commerce-DOCO- l Interest on Loan 0

I I I I I l Gross Opening Loan

Cumulative Repayments of Loans ypto Previous Year

672.42

I I I I I I

0

0

Net Loans Opening

/add: Drawl(r] during the year I I I I I I

593.31

0

Less: Repayment(s) of Loan during

the year

1020.41

0

Net Closing Loan

Average Net Loan

514.2

2449

0

0

I I I I I I

2449

1224.49

1428.59

0

0


Interest on Loan

435.1

2449 2449

0

204.08

0 1 9.6) 10.22 l 12.32 1 12.,37 1 12.35

0 1 127.351 114.721 113.1 11 ,/:88.381 63.01

355.99

2449

1428.57

1224.51

1224.51

1326.55

1 / -. / I I c ,. ,'

0

204.08

1632.65

1020.43

1020.43

1122.47

1836.73

0

204.08

816.35

0

816.35

918.39

612.27

204.08 204.08

612.27

714.31

408.19

510.23

1 Form 131 . - . . . . - - Calculation of Weighted Average Rate of lnterest on Loans

Name of the Transmission Licensee: Power Grid Corporation of India Limited Name of the Reeion: SOUTHERN REGION Name of the Project: §R SYSTEM STRENGTHENING (Vijaywada - Nellore - Sriperumbudur)

Name of the Transmission Element: 400 KV D/C Vijayawada I€" Nellore line, 400 KV D/C Nellore l€" Sriperumbudur line, New 400 KV Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation I -

P ~-

! ~ a t e of ~ o m r n e r c i a l ~ ~ e r a t i o n : 01-Mar-2003 P


Particulars

Punjab National Bank- II-DOCO-

Gross Opening Loan

Cumulative Repayments of Loans upto Previous Year

Net Loans Opening

0

0

0

Less: Repayment(s) of Loan during t h e year

Existing 2008 09

I

2010-11 2009-10

2939

1224.59

1714.41

0

Average Net Loan

I I I I I I

01 1591.951 1347.031 1102.111 857.19 1 612.27

Interest on Loan

Summary Gross Opening Loan Cumulative Repayments of Loans upto Previous Year

Net Loans Opening


l

2011-12

2939

1469.51

1469.49

244.92

Net Closing Loan

{less: Repayment(s) of Loan during

the year Net Closing Loan

(Interest on Loan


0

' 0 0

0

Average Net Loan Rate of Interest on Loan

1 : , - I Petitioner

2012-13

2939

1714.43

1224.57

244.92

0

0 1 8.89 ( 9.651 11.81 11.84) 11.6

0

0

Rs. in Lacs 2013-14

O 1 O1 O l O 1 l O 1

141.55

28742 9847.66

18894.34

0 0

2939

1959.35

979.65

2411.5

16482.84

2939

2204.27

734.73

244.92 ,

489.81 1469.49

130

28742 12259.16

16482.84

17688.61 9.43

244.92

2411.5

14071.34

244.92

1224.57

130.04

28742 14670.66

14071.34

15277.11 9.52

2411.5

11659.84

979.65

101.49

28742 17082.16

11659.84

12865.61 9.82

734.73

71.02

28742 19493.66

9248.34

2411.5

9248.34

2313.5

6934.84

10454.11 9.76

8091.61 9.66

Form 13A

Calculation of Interest on Normative Loan I ~ a m e of the Transmission Licensee: Power Grid Cor~oration of India Limited I

~ ~ ~ p p ~ ~ - - - - -

~ a i e of the Region: SOUTHERN REGION

Name of the Project: SR SYSTEM STRENGTHENING ( Vijaywada - Nellore - Sriperumbudur]

Name of the Transmission Element: 400 KV D/C Vijayawada M" Nellore line, 400 KV D/C Nellore d€" Sriperumbudur line, New 400 KV Switching station at Neliore, Extension of Vijayawada and Sriperumbudur Substation


Normative Loans upto Previous

Year

Particulars Existing 2008. 2009-10 2010-11 l f - 1 2

09

Gross Normative Loan Opening

Cumulative Repayments of

I ~ e t Normative Loans O~eninr! I 01 18939.791 17119.29) 15298.791 13478.29) 11657.791

~lncreate/Decrease due to ACE 1 01 01 01 01 01 01

2012-13

0

0

Rs. in Lacs 2013-14

Loan during the year

28807.64

9867.85

during the year Less: Repayment(s) of Normative 0 1820.5 1820.5

Net Closing Normative Loan I 01 17119.291 15298.79( 13478.291 11657.791 9837.29

a v e r a g e L Net Normative Loan 10947.54

28807.64

11688.35

1820.5 1820.5

. l . " j '.' , __C'

28807.64 13508.85

'5.15 actual Loans

28807.64

15329.35

28807.64

171 49.85

I t <

Form l30 I Calculation of interest on Working Cauital llWCl I

p p - - - - - - p p p - -

Name of the Transmission Licensee: Power Grid Corporation of India Limited

Name of the Region: SOUTHERN REGION


Name of the Transmission Element: 400 KV D/C Vijayawada B€" Nellore line, 400 KV D/C Nellore B€" Sriperumbudur line, New 400 KV Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation

I ~ a t e of Commercial Oueration: Of-Mar-2003 I Rs. in Lacs

Particulars 2013-1 4

ITotal working capital I 01 1089.5l 1087.14l 1083.81 1071.811 1062.63)

Op. and Maintenance

Maintenance Spares

Receivables

1 Rate of Interest I 0 l 12.25) 12.251 12.25) 12.251 12.251 p - - p -

Interest on working capital 0 1 133.461 133.17) 132.74 131.3) 130.17

0

0 0

L Petitioner!

,

62.61 112.69 914.2

66.2 119.15 901.79

69.99 125.98 887.83

73.99 133.17

864.65

78.2 140.76

843.67

' L

Summarv Sheet

Name of the Transmission Licensee: Power Grid Corporation of India Limited Name of the Region: SOUTHERN REGION Name of the Project: SR SYSTEM STRENGTHENING (Vijaywada - Nellore - Sriperumbudur)

Name of the Transmission Element or Communication System: 400 KV D/C Vijayawada if" Nellore line, 400 KV D/C Nellore g€" Sriperumbudur line, New 400 KV Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation

IDate of Commercial operation : 01-Mar-2003 I 4

Particulars Existing 2 013-14 2014-15 2015-16 2016-17

Depreciation-(Form No. 10A) 1820.5 1820.5 469.65 46K65 4.69.651 46c651 Interest on Loan-(Form No. 9E) 1001.28 851.08 718.95 643.57 590.52 549.99 Return on Equity-(Form No. 8) 1011.54 1134.74 1134.74 1134.74 1134.94 1134.74 Int. on Working Capital-(Form NO. 11) 126.83 134.95 102.4 102.2 8 Op. and Maintenance-(Form No. 2) 938.39 856.86 885.57 914.84 I-

- - - -- --

Total 4898.54) 4798.13 ( 3311.31) 3265.081 3242.851 32 3449

F o r m t

Details of Transmission Lines and Substations, Communication System

Name of the Petitioner: Power Grid Corporation of India Limited --- b m e of the Region: SOUTHERN REGION I Name of the Project: SR SYSTEM STRENGTHENING ( Vijaywada - Nellore - Sriperumbudur) I Name of the Transmission element or Communication system: 400 KV D/C Vijayawada i€" Nellore line, 400 KV D/C Nellore M" Sriperumbudur line, New 400 KV Nellore, Extension of Vijayawada and Sriperumbudur Substation


Substations:

Transmission Lines: SI.No.

1 2

Communication System:

Name of Line

Vijayawada-Nellore

Nellore-Sriperumbudur

SI. No. Name of Communication System

Type of Line AC/HVDC

AC AC

Line Length CKt. KM

681.288 377.992

Type of Communication System

SIC or D/C

DC DC

Line length

340.644 188.996

Technical Particulars

Date of

operation

l-Mar-03 Y l-Mar-03 Y

No. of Sub- Conductors

2 2

Voltage level KV

400 KV 400 KV

Number / length Date of

operation

('$1 Form 31

Normative parameters considered for tariff computations Name o f the Petitioner :: Power Grid Corporation of India Limited Name of the Reeion :: SOUTHERN REGION

I ~ a m e o f the Proiect :: SR SYSTEM STRENGTHENING [ Viiawada - Nellore - Sri~erumbudurl I Name o f the Transmission Element or Communication System :: 400 KV B/C Vijayawada B€" Nellore line, 400 KV D/C Nellore if" Sriperumbudur line, New 400 KV Switzhing station at Nellore, Extension of Vijayawada and Sriperumbudur Substation

/Date o f Commerdai Operation: 01-Mar-2W3 I

Particulars

I I I I I I I

Normative O&M per KM I Rs.Lakh I

Unit 114

Tax Rate Effective tax rate Grossed up Rate of ROE Target availability - AC System Target availability - HVDC System

I ~ o u b l e Circuit [Bundle conductor with four sub-conductors) I Rs. Lakh I 1.1741 1.0621 1.0971 1.1331 1.171 1 1.211

Double Circuit (Single Conductor) I Rs. Lakh I 0.3361 0.303 1 0.3131 0.3241 0.3341 0.346

Double Circuit (Two and Three Conductor) I Rs. Lakh I 0.7831 0.7071 0.7311 0.755 1 0.781 0.806

Base Rate of Return of Equity

% %

%

%

%

% 11.33%

17.48%

Multicircuit with four or more conductors I Rs. Lakh I

Single Circuit (Twin and Three conductor) I Rs. Lakh I 0.447 1 0.4041 0.4181 0.4321 0.446 1 0.461 I I I I I I I

15.50%1 15.50%1 15.50%1 15.50%1 15.50%1 15.50%

1.863 1 1.925 1 1.989 1 2.055 1 2.123

Single Circuit (Bundled conductor with four sub-conductors) Single Circuit (Single Conductor) Single Circuit (Six conductor)

I I I I I I I I

Normative O&M aer bav

20.96%

19.61%

98% 96%

132KV Sub-station and below 1 Rs. Lakh I 32.73 1 30.15 1 31.151 32.181 33.251 34.36

22OKV Sub-station 1 Rs.Lakh 1 45.821 42.211 43.611 45.061 46.55 1 48.1

Multicircuit with two or three conductors I Rs.Lakn I Rs. Lakh Rs. Lakh Rs. Lakh

20.96%

19.61%

98%

96%

1.241 1.2821 1.3241 1.3681 1.413

0.671

0.224

0.671

400 KV GIS Substation 400KV Sub-station 765KV Sub-station Balia-Bhiwadi HVDC Bipole Scheme HVDC Back-to Back Stations

20.96%

19.61%

98%

96%

Rihand-Dadri HVDC Bipole Scheme Talcher-Kolar HVDC Bipole Scheme

0.606

0.202 0.707

Rs. Lakh Rs. Lakh Rs. Lakh Rs. Lakh Rs. Lakh

Spares for WC as % of O&M

Receivables in Months for WC

Bank Rate as on 1st April, 2014

20.96%

19.61%

98%

96%

Rs. Lakh Rs. Lakh

20.96%

19.61%

98% 96%

0.627

0.209

0.731

65.46

91.64 1326.25

553

%

Months %

1811 2122

0.647

0.216

0.755

51.54

60.3 84.42

1537

578

15

2 13.2

--

1511 1173

0.669

0.223

0.78

53.25

62.3

87.22

1666

627

15 2

13.5

0.691

0.23

0.806

1637 1271

55.02

64.37

90.12

1805

679

15 2

13.5

1774

1378

56.84 66.51

93.11

1955 736

15

2

13.5

58.73

68.71

96.2

2119

797

1922

1493

2082

1617

15 2

13.5

15 2

13.5

Form4 Page 1 of 1

stract o f admitted parameters for the existing transmission assets/elements under project. me of the Petitioner::Power Grid Corporation of India Limited me of the Region::SOUTHERN REGION me of the Project:: SR SYSTEM STRENGTHENING (Vijaywada - Nellore - Sriperumbudur) me of i h e Transmission Element or Communication system:: 400 KV D/C Vijayawada I€" Nellore line, 400 KV D/C Nellore I€" Sriperumbudur ei New 480 KV Switching station at Nellore. Extension of Vijayawada and Sriperumbudur Substation 1

Rs. In Lakhs

me o f t he Assets )CO tition Number

- -iff order Date

rticulars portioned approved Cost/Revised cost estimates, if any ith reference and date of approval) EEHOLD LAND IlLDlNG LINE B STATION

Balance brought forward

0 0 0 0

I

~sset-3

Capital Expenditure admitted

0 0 0 0

itial Spares*

Asset-l 400 KV D/C l-Mar-03


12.72 371.06

29481.03 4557.26

Total Capital Expenditure admitted

12.72 371.06

29481.03 4557.26

0 1

Asset-2


0 0 0 0

Petitioner

. .

. , . ..

Form 4A

Statement of Capital Cost

Name o f the Transmission Licensee: Power Grid Corporation of India Limited Name o f the Region: SOUTHERN REGION

Name of the Projed: SR SYSTEM STRENGTHENING ( Vijapuada - Nellore - Sriperumbudur)

Name o f the Transmission Element: 400 KV D/C Vijayawada X" Nellore line, 400 #V D/C Nellore i€"Sriperumbudur line,

&W 400 KV Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation

(Date of Commercial Operation: 01-Mar-2003

Particulars

A. a) Opening Gross Block Amount as per books

b) Amount of capital liabilities in A(a) above c) Amount of IDC,FC,FERV and Hedging cost included in A(a) above

d) Amount of IEDC (excluding IDC,FC,FERV and Hedging cost) included in A(a) above B. a) Addition in Gross Block Amount during the period b) Amount of capital liabilities in B(a) above c) Amount of IDC,FC,FERV and Hedging cost included in B(a) above

Existing 2013- 14

2870.17

2015-16

33116.13

2014-15

33116.13

1194.89

2870.17

I

2016-17

33116.13

1194.89

d) Amount of IEDC (excluding I DC,FC,FERV and Hedging cost) included in B(a) above

C. a) Closing Gross Block Amount as per Books

b) Amount of capital liabilities in C(a)

above

c) Amount of IDC,FC,FERV and Hedging cost included in C(a) above

d) Amount of IEDC (excluding IDC,FC,FERV and Hedging cost) included in C(a) above

2017-18

33116.13

2870.17 2870.17

1194.89

Rs. in Lacs 2018-19

33116.13

2870.17

33116.13

2870.17

1194.89

1194.89 1194.89

33116.13

2870.17

1194.89

33116.13

2870.17

1194.89

33116.13

2870.17

1194.89

33116.13

2870.17

1194.89

l

Financial Package upto COD (Block Year- 2014-2019) Name of the Transmission Licensee: Power Grid Corporation of lndia Limited


. -. . - -. . - P- -I--- --- - - - . - - - - , irot l l r "I ule I 1011~mission Licensee: Power Grid Corporation of lndia Limited


Name of the Project: SR SYSTEM STRENGTHENING ( Vijaywada - Nellore - Sriperumbudur) t I IName of the Transmission Eiement or Communication Eiement: 400 i(L' D/C Vij~yawzda SE" Kelloie h e , 488 KV D/C ?!e!lc:e M" 1 Criperumbudur line, Mew 400 KV Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation

Date of commercial Operation: 01-Mar-2003 Rs. In Lakhs

I Particulars

I I

Equity

Currency and Amount Loans Loans-Domestic Loans-Foreign

Financial Package as Approved

pppp-p

Total Capital cost with Addcap I

Currency and Amount

Foreign Domestic Notional Total Equity

(Petitioner)

Financial Package as on COD

Currency and Amount

Total Loans

/+----

+?,.G" 'D, F, /;j) , 2: ; :-:.?:h i * . : ... , . ' ' , J , - - .. .D

. . . , . . , . . . , ~ 2

; . T:-\7,

As Admitted by COD / 31.03.2014

IMR

INR

5786.52

28807.64

; S-5 a- LA.!

Calculation of Return on Equity

Name of the Transmission Licensee: Power Grid Cor~oration of India Limited



Name of the Transmission Element or Communication System: 400 KV D/C Vijayawada g€" Nellore line, 400 KV D/C Nellore S€" Sriperumbudur line, New 400 KV Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation

l ~ a t e of Commercial o~eration: Of-Mar-2003 I

Particulars

Opening Equity Notional Equity on Add Cap Total Equity

Average Equity

Rate of Return on Equity (%) Return on Equity

Pro rata Return on Equity

Existing 2013-14

5786.52 0

5786.52 PP

5786.52

e ~ a l c u l a t i o n 7 'x,.xb .(. : ? " \ '

.h$ a% - ? t .. .

2015-1 6 2014-15

17.481 1011.54 1011.54

Grossed up Rate of ROE

5786.52 0

5786.52 5786.52

of Grossed up Rate of ROE

p3 of ROE

"e - ~ i n e 1n-nti.e

@o,hmunication Dis-incentive Fect ive Rate of ROE

MAT Rate

17.481 1 19.61) 19.611 19.611 19.611 19.61

2016-17

19.61 1134.74 1134.74

15.5 O 0

15.5 11.33

2017-18

5786.52 0

5786.52 5786.52

19.61 1134.74 1134.74

5786.52 0

5786.52 5786.52

5786.52

' 5786.52 5786.52 5786.52

19.61 1134.74 1134.74

19.61 1 134.74 1134.74

riperumbudur line, New 400 KV Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation

Less: Repayrnent(s) of Loan during the year

Net Closing Loan Average Net Loan Rate of Interest on Loan Interest on Loan

443.33

1330.02 1551.69

9.8 152.07

443.33

886.66 1108.33

9.8 108.62

443.33

443.33 665 9.8

65.17

443.33

0 221.67

9.8 21.72

0

0 0

9.8 0

0

0 0

9.8 0

Sriperurnbudur line, New 400 KW Switching station at Mellore, Extension of Wijayawada and Sriperurnbudur Substation

S ' Form 9C

Calculation of Weighted Average Rate of lnterest on Actual Loans Name of the Transmission Licensee: Power Grid Corporation of India Limited Name of the Region: SOUTHERN REGION Name of the Project:SR SYSTEM STRENGTHENING ( Vijaywada - Nellore - Sriperumbudur) Name of the Transmission Element or Communication System: 400 KV D/C Vijayawada S€" Nellore line, 400 KV D/C Nellore 86" Sriperumbudur line, New 400 W Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation


Particulars

Punjab National Bank- II-DOCO-

Gross Opening Loan

Cumulative Repayments of Loans upto Previous Year Net Loans Opening


Less: Repayment(s) of Loan during the year

2939

2204.27

I I I I I I

Existing 2013-14

734.73

0

244.92

Net Closing Loan

Average Net Loan


Interest on Loan

2014-15

489.811 244.921 0 1 0 1 0 ( 0

I I I I I I

(Petitioner)

2015-16

2939

2449.16

489.84

0

244.92

612.27

9.35

57.25

Net Closing Loan

Average Net Loan


Interest on Loan

2017-18 2016-17

2939

2939

6934.841 4621.341 2307.841 916.671 0 1 0

Rs. in Lacs 2018-19

2939

2694.08

2939

2939

244.92

0

244.92

367.38

11.6

42.62

8091.61

9.32

753.85

2939

2939

0

0

0

122.46

11.6

14.21

5778.1 1

9.53

550.87

0

0

0

0

11.6

0

3464.61

9.24

320.08

0

0

0

0

11.6

0

1612.27

' 8.8

141.9

0

11.6

0

458.34

8.63

39.55

0

8.63

0

LP' -- L$$ Form 9E

Calculation of Interest on Normative Loan


l

Name of the Transmission Element or Communication System: 400 KV D/C Vijayawada d€" Nellore line, 400 KV D/C Nellore d€" Sriperumbudur line, New 400 KV Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation

l

Date of Commercial O~eration: 01-Mar-2803

Particulars I Existing 2013-1 2014-15 1 2015-161 2016-171 2017-181 14 2018-19 I

-

l ~ e t ~ o r i a t i v e Loans Opening

Gross Normative Loan Opening Cumulative Repayments of Normative Loans upto Previous Year

eate/Decrease due to ACE during the

28807.64 17149.85

Net Closing Normative Loan

Average Net Normative Loan Rate of Interest on Loan

(Petitioner)

%

28807.64 18970.35

interest on Normative Loan Pro rata Interest on Normative Loan

9837.29 10747.54

9.32

28807.64 20790.85

1001.28 1001.28

8016.79 8927.04

9.53

28807.64 21260.5

851.08 851.08

7547.14 7781.97

9.24

28807.64 21730.15

718.95 718.95

28807.64 22199.8

7077.49 7312.32

8.8 643.57 643.57

6607.84 6842.67

8.63

6138.19 6373.02

8.63 590.52 590.52

549.99 549.99

v, " \

pJ Form 10 Calculation of Depreciation Rate


/Name of the Transmission Element or Communication System: 400 KV D/C Vijayawada If" Nellore line, 400 KV D/C Nellore I€" I Sriperumbudur line, New 400 KV Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation Date of Commercial Operation: 01-Mar-2003

51. No.

1 2 3

Particulars

2014-2015 FREEHOLD LAND BUILDING TR LINE

Gross block at the beginning of the

year

12.72 371.06

29481.03

Add Cap during the

year

0 0 0

Gross block at the end of the year

12.72 371.06

29481.03

Average Gross Block

12.72 371.06

29481.03

Dep. Rate Rs. in Lacs

Amount

0 3.34 5.28

0 12.39 1556.6

,%! Form 10A Statement of Depreciation

Name of the Transmission Licensee: Power Grid Corooration of India Limited Name of the Region: SOUTHERN REGION


Name of the Transmission Element or Communication System: 400 KV D/C Vijayawada tif" Nellore line, 400 KV D/C Nellore GC"

Sriperumbudur line, New 400 KV Switching station at Nellore, Extension of Vijayawada and Sriperumbudur Substation


Particulars

I I I I I l Cumulative depreciation (incl. of I 18970.361 20790.89 ( 21260.54 1 21730.191 22199.841 22669.49

-

bbu7 , \,*/iq a ZL-

- p-

(Petitioner) (

Existing 2013-14

Opening Capital Cost Closing Capital Cost

Average Capital Cost Freehold Land (AV. Cost) Rate of Depreciation Depreciable Value

Balance useful life of the asset (at the beginning of year)

Elapsed life of the asset (at the --.beginning of the year)

\


~46reciation during the year j Depreciation upto previous year

2015-16 2014-15

34594.16

34594.16 34594.16

12.72 5.26

31123.29

24

10

13973.43

1820.5

17149.86

2016-17

34594.16

34594.16

34594.16 12.72

5.26

31123.29

23

11

12152.9

1820.5

18970.39

2017-18

Rs. in Lacs 2018-19

34594.16 34594.16

34594.16 12.72

5.26

31123.29

34594.16

34594.16 34594.16

12.72 5.26

31123.29

34594.1 6

34594.16

34594.16 12.72 5.26

31123.29

21

34594.16 34594.16

34594.16 12.72

5.26

31123.29

20

14

9393.1

469.65

21730.19

12

10332.4

469.65

20790.89

19

15

8923.45

469.65

22199.84

13

9862.75

469.65

21260.54

3" I..i, -.A

5-1 ' 1 Form I

Calculation o f Interest on Workinn C a ~ i t a l

Name o f the Transmission Licensee: Power Grid Corporation o f India Limited Name o f the Region: SOUTHERN REGION Name o f the Project: SR SYSTEM STRENGTHENING ( Vijaywada - Nellore - Sriperumbudur)

Name o f the Transmission Element: 400 KV D/C Vijayawada it" Nellore line, 400 KV D/C Nellore dCii Sriperumbudur line, New

400 KV Switching station a t Nellore, Extension o f Vijayawada and Sriperumbudur Substation

Particulars I Existing 2013-14 ] 2014115 ( i015-16 1 2016-17 2017-18 ( 2018-19

Date o f Commercial Operation: 01-Mar-2003

OP. and Maintenance 78.2 71.41 73.8 76.24 78.77 81.38

I I I I RS. in Lacs'

Maintenance Spares Receivables

(Petitioner)

-"--- ,/<?C , L . -

/ C /

f 40.76

816.42

Total working capital Rate o f Interest

Interest on working capital Pro rata Interest on working capital

128.53

799.69

1035.38

12.25

126.83

126.83

1 32.84

551.89

999.63

13.5

134.95

134.95

137.23

544.18

758.53

f 3.5

102.4

102.4

141.78

540.48

146.49

539.08

757.65

13.5

102.28

102.28

761.03

13.5

102.74

102.74

766.95

13.5

103.54

103.54

INDEX

Name of the Company

Name of the Project :

sub-station with associated bays under system strengthening scheme in Southern Region

CHECK LIST PART-111

Power Grid Corporation of India Ltd.

system strengthening scheme in Southern

- ,

I I Ira.C1.. ~pvOan~irm .V.. =f YIj=y=pj=& =R& Sripe?.g~h!d~~r -. I

Name of the Transmission Element:

Form No. FORM- 1 FORM-1A FORM-2 -FORM-3 FORM- 4 FORM-4A FORM-5 FORM-SA

400 kV D/C Wijayawada-Nellore transmission line, 400 kV D/C Nellore-Sriperumbudur line, New 400 kW Switching station at Nellore,

FOR%!-55 FORM-5C FORM-5D FORM-6 FORM- 7 FORM- 8

FORM- 14 1 Not applicable and hence not enclosed

I

I

Checklist of Forms and other information/ documents for tariff filing for Transmission System

FORM-9 FORM-9A FORM- 10 FORM- 11 FORM- 12 FORM- 13

-FORM- 13A FORM - 131 FORM-13B

Tariff Filinq Formats (Transmission) Summary Sheet Calculation of Return on Equity Details of Transmission Lines and Substations Normative Parameters considered for tariff calculations Details of Foreign loans Details of Foreign Equity Abstract of Admitted Cost for the existinq Projects Abstract of Project Cost Estimates and Schedule of Commissioning for the new Projects Element wise Break-up of Project Cost for Transmission System Break-up of Construction/Supply/Sevice packages Details of elementwise cost Financial Package upto COD Details of Project Specific Loans Details of Allocation of corporate loans to various transmission

I I

3 l ~op ies of relevant loan Agreements 4 l ~op ies of the approval of Competent Authority for the Capital cost/

Tick Yes Yes Yes Not applicable and hence not enclosed Not applicable and hence not enclosed Not applicable and hence not enclosed Not applicable and hence not enclose6

Not applicable and hence not enclosed Not applicable and hence not enclosed Not applicable and hence not enclosed Not applicable and hence not enclosed Not applicable and hence not enclosed Not applicable and hence not enclosed

elements Statement of Additional Capitalisation after COD Statement of capital cost Financinq of Additional Capitalisation Calculation of Depreciation Rate Statement of Depreciation Calculation of Weiqhted Averaqe Rate of Interest on Actual Loans Calculation of Interest on Normative Loans Loans in Foreiqn Currency Calculation of Interest on Workinq Capital Draw down Schedule for Calculation of IDC & Financing Charges

l and Financial packaqe. 5 ]copies of the Equity participation agreements and necessaw approval -Not Applicable -

Not applicable and hence not enclosed Not applicable and hence not enclosed Not applicable and hence not enclosed Not applicable and hence not enclosed Yes Yes Yes Yes Not applicable and hence not enclosed Yes

Tick - Not Applicable -

Consolidated Balancesheet of 'POWERGRID & Regional Balance Sheet of SR for FY 2014-15 shall be submitted shortly

Other Information/ Documents

lfor the foreisn equity. 6 lcopies of the BPTA/TSA with the beneficiaries, if any 1 -Not Applicable -

§I. No. 1

- 2

E

Information/Document Certificate of incorporation, Certificate for Commencment of Business, Memorandum of Association, & Articles of Association ( For New Station setup by a company making tariff application for the first time to CERC)

Regionwise and Corporate audited Balance Sheet and Profit & Loss Accounts with all the Schedules & annexures for the new Transmission System & for the relevant years.

l I I 8 l ~ n y other relevant ~nformat~on, (Please specify) I -Not Appl~cable -

7 Detailed note giving reasons of time and cost over run, if applicable. -Not Applicable -

INDEX C Checklist of Forms and other information/ documents for tariff filinp for

I

FORM- 1 1 Summary Sheet 1 / l

,I Transmission Svstem & Communication System

Details of Transn~ission Lines and Substations, Communication

I System

*

1 FORh4- 4A / Statement of Capital cost 1 / .) -... -. .

Form No.

FORM- 4

l

FORM- 4B / Sta ternen t of Capital Works in Progress I

l o(

~ System)

1 Tick 1

Abstract of admitted parameters for the existing transmission

1 assets/elements under project.

FORM- 4C

1 FORM-5A Break-up of Conshuc6an/Supply/Service packages

FORM-5

I FORM-5B 1 Details of element wise cost of the Project

Abstract of Capital Cost Estimates and Schedule of

Commissioning for the New Project/EIement

Element wise Break-up of Project/ Asset/Element Cost for

Transmission System or Communication System

l l l

1 FORM- 6 I Financial Package upto COD l / 1

.(

l I I

1 FORM- 7 1 Statement of Additional Capitalisation after COD I D( 1 FORM- 7A

I FORM- 7B

- ) FORM- 8

Financing of Additional Capitalisation

Statement of Additional Capitalisation during fag end* of the

Project

Calculation of Return on Equity /

FORM-8B

l ( elements l ' I FORM-9

Details of Foreign Equity

Details of additional ROE

Details of Allocation of corporate loans to various transmission I d

Q( 4

FORM-9A

F O R M - 9 ~

,FORM-sC

Details of Project Specific Loans

Details of Foreign loans

Calculation of Weighted Average Rate of 111terest on Actual

d

,

l

1 Loans l

Form No.

1 FORM3 D j Loans in Foreign Currency l

I

FORM-9E 1 Calculation of Interest on Normative Loan V

Title of Tariff Filing Forms (Transmission & Commranica~on

System)

1 FORM- 10 I / Calcula tion of Depreciation Rate

I

l l/

Tick

I

FORM- 10A ( Statement of Depreciation El FORM- 10B Sta ternen t of De-capi talisa tion I

I d 1 I I - l

FORM- 11 3 1 FORM- 12

l 1 Details of time over run I

I D C l

I

I I FORM- 13 I Brcakup of Initial spares I d 1 b(

FORM- 128

I / Other Information/ Documents I 1

Draw Down Schedule for Calculation of IDC & Financing

FORM- 14

FORM- 15

1 S1. No. ( Inforrnation/Document 1 Tick /

1 charges

I

1 ) Cer tifica tc of incorporation, Ccrtifica te for Commencement of l

Other Income as on COD

Actual cash expenditure 4 o(

1 for the first time to CERC) I

Business, Memorandum of Association, & Articles of Association

(For New Project(s) setup by a company making tariff application

l

1 1 Region wise and Corporate audited Balance Sheet and Profit & l lab

d

Loss Accounts with all the Schedules & annexures for the new

Transmission System & Communication System for the relevant

years.

Copies o f relevant loan Agreements

4

5

6

7

Copics of thc approval of Competent Authority for the Capital

Cost and Financial package. 4

Copies of the Equity participation agreements and necessary

approval for the foreign equity.

Copies of the BPTA/TSA/PPA with the beneficiaries, if any

Detailed notc giving reasons of cost and time over run, if

applicable.

P(

"C <

I I List of supporting documents to be submitted: I

Form No.

I a. Detailed Project Report I b. CPM Analysis

Title of Tariff Filing Forms (Transmission & Communisation 1 Tick 1 System)

l l C . PERT chart and Bar Chart d. Justification for cost and time Overrun

pp

Transmission Licensee sl~all submit copy of Cost Audit Report

l l along wi t11 cost accounting records, cost details, sta ternent., I ~ l l schedules etc. for the transmission system as submitted to the I l

Govt. of India for first two years i.e. 2014-15 and 2015-16 at the

time of mid-term true-up in 2016-17 and for balance period of

tariff period 2014-19 at the time of final true-up in 2019-20. In case

o f initial tariff filing the latest available Cost Audit Report should

Note1 : Electronic copy of the petieion (in word format) and detailed calculation as per these formats (in excel format) and any other information submitted shall also be furnished in the form of CD/Floppy disc.

9

be furnished.

Any other relevant information, (Please specify) D(

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