Multi-Year Tariff Petition for FY 2013-14 to FY 2015-16 - UERC

More documents

Recommendations

Info

PETITION FOR TRUE-UP OF FY 2004 TO FY 2011-12 &MYT PETITION FOR THE CONTROL PERIOD FY 2013-14 TO FY 2015-16Financial YearTransmission LossFY 2011-12 1.88%It is submitted that the transmission losses depend on:• real power loading of the lines - which depends on the extent of over-drawal by UPCL - which isrecorded by the UI charges payable by the state of Uttarakhand - losses increase as a square ofreal power loading of its transmission lines;• reactive power that the lines carry - which is beyond the discretionary control of PTCUL becausethe same depends on the nature of demand drawn by UPCLPTCUL proposes to continue to maintain low transmission loss levels i.e. below 2% during the controlperiod as also indicated in the Business Plan. However, it is submitted that the loss reduction beyond thecurrent level depends entirely on the users of the transmission network.4.2.3 OPENING GROSS FIXED ASSETSIn the preceding Chapter 2 “Final true-up for FY 2004-05 to FY 2009-10 and provisional true-up for FY2011-12”, the approach for arriving at the opening GFA of Rs 263.17 Cr. has been elaborated by thePetitioner which was the amount of assets transferred to PTCUL post the bifurcation as per notificationno. 87/1/2004-06(3)/259/2003 dated May 31, 2004.In the FY 2005-06 Tariff Order dated 25.04.2005, the Hon‟ble Commission had fixed the opening value ofGFA transferred to PTCUL based on the total asset base of Rs. 508 Crore for UPCL as on November 9,2001 instead of provisional value of Rs. 1058.18 Crore taken by UPCL in its accounts. Accordingly onpro-rata basis, the Commission had considered the value of old transmission assets transferred toPetitioner from transmission assets of UPCL as Rs. 108.26 Crore.The Commission had further allowed additional capitalizations upto 31.3.2003 such that the original valueof the GFA as on 31.3.2003 was fixed at Rs. 126.34 Crore for PTCUL against the value of Rs. 263.17Crore assigned in the provisional transfer scheme. Further, the UERC in all the tariff orders upto FY 2012-13 has consistently directed PTCUL to approach the UERC for suitable adjustment in the opening valueof GFA upon finalisation of the Transfer Scheme.On 27 th April 2012 vide an order No. 117/I(2)/2011-05/19/2002, the Govt of Uttarakhand has approved thevalue of GFA of Rs. 1058.18 Crore taken by UPCL in its accounts as on November 9, 2001. (The copy ofthe same has been endorsed to Hon‟ble UERC by the GoU).Further, the Hon‟ble Commission in its order dated 06.04.2010 had also directed PTCUL to get thescheme wise audit of the transmission assets done in order to reconcile the executed works whichPower Transmission Corporation of Uttarakhand Ltd. Page 27
PETITION FOR TRUE-UP OF FY 2004 TO FY 2011-12 &MYT PETITION FOR THE CONTROL PERIOD FY 2013-14 TO FY 2015-16remained pending with UPCL and were transferred by way of Inter Unit Transactions (IUTs). Thereconciliation of the scheme-wise capital cost is complete and the report of the independent charteredaccountant firm is available (Enclosed as Annexure-4).Accordingly for the purpose of consideration of opening balance of assets for the first year of the controlperiod i.e. FY 2013-14, the petitioner has considered the opening assets of Rs. 263.17 Crore assigned toPTCUL in the transfer scheme in FY 2004-05 and capitalization thereafter (as per the annual accounts).The movement of GFA balances along with the scheme wise classification is provided in the table below:ParticularsTable 20: Classification of GFA balance along major schemes (Figures in Rs Crore)FY2005FY2006FY2007Opening Value 263.39 267.47 295.50 392.94 524.78 557.76 612.81 690.94Additions in the yearREC Old Scheme 3.21 18.86 - 4.61 - 0.02 45.28 44.54NABARD Scheme - - 69.15 93.12 27.87 42.88 12.16 49.41REC New Scheme - - - 30.89 2.90 9.66 20.84 24.32REC-IV Scheme - - - - - - 20.67 22.64REC-V Scheme - - - - - - - 67.14Other than schemes 0.91 1.31 1.34 1.30 2.20 2.71 2.20 16.32Deposit Works - 8.92 28.31 2.09 - - - 42.00Less: Deletion of Assets 0.03 1.07 1.36 0.16 0.23 23.03 16.40Total Net Additions 4.08 28.02 97.44 131.84 32.98 55.05 78.13 249.96FY2008FY2009FY2010FY2011FY2012Closing Value 267.47 295.50 392.94 524.78 557.76 612.81 690.94 940.914.2.4 CAPITAL EXPENDITURE FOR THE CONTROL PERIODAs submitted in the Business Plan for FY 2012-13 to FY 2016-17 for approval of the Hon‟ble Commission,PTCUL is in the process of strengthening its Transmission System (132KV & above) to meet the loadgrowth requirement of Uttarakhand & also for evacuation of power from various generators i.e. Hydro aswell as gas based, which are coming up in Uttarakhand.The physical targets to be achieved during the Control Period as highlighted in the Business Plan arereproduced below:Table 21: Physical Targets for Control PeriodControl Period TargetsS. No Item Unit Annual Plan2013-14Annual Plan2014-15Annual Plan2015-16ControlPeriod1 132 KV Substation No/MVA 2/80 2/190 1/80 5/3502 220 KV Substation No/MVA 1/420 2/330 1/100 4/8503 400 KV Substation No/MVA 1/705 0/0 1/630 2/1335Power Transmission Corporation of Uttarakhand Ltd. Page 28
Page 8 and 9: xPower Transmission Corporationof U
Page 10 and 11: PETITION FOR TRUE-UP OF FY 2004 TO
Page 14 and 15: 1. INTRODUCTIONPETITION FOR TRUE-UP
Page 20 and 21: 2.6 INTEREST ON WORKING CAPITALPETI
Page 26 and 27: * Actual expenditure is inclusive o
Page 28 and 29: 3.1.6 INTEREST ON WORKING CAPITAL L
Page 42 and 43: ParticularsPETITION FOR TRUE-UP OF
Page 44 and 45: EMPn = (EMPn-1) x (1+Gn) x (CPIinfl
Page 50 and 51: 4.3 ANNUAL TRANSMISSION CHARGES OF
Page 68 and 69: Formats for MYT Petition for the Co
Page 84 and 85:
Formats for MYT Petition for the Co
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140:
show all

Multi-Year Tariff Petition for FY 2013-14 to FY 2015-16 - UERC

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?