Chibro Petition - UJVN Limited Dehradun...

True-up of FY09, FY10, FY11 & MYT Petition for FY14, FY15, FY161.2.6.1 Head Office/ Corporate Office: 80% of the additional capital expenses havebeen apportioned on 9 LHPs which further have been allocated to each LHPon the basis of the installed capacity.1.2.6.2 General Manager Office/ DGM/ Civil Division: allocated on LHPs within thecontrol of the concerned GM/ DGM which further has been allocated toeach LHP on the basis of the installed capacity.1.2.6.3 The detailed working of such allocation of capital expenditure for the FY2008-09 to 2010-11 is placed at Annexure-6 enclosed.1.2.7 It is respectfully submitted that in order to ensure efficiency and safety as wellas ensuring continuous operation of the plants the additional capitalizationwas required to be incurred which may kindly be considered and allowed bythe Hon’ble commission. Kind attention is invited to Regulation 16 (2) of theTariff Regulations 2004 explicitly permit additional works/service, which maybecome necessary for efficient and successful operation of the plant.1.2.8 The Petitioner respectfully prays that the additional capital expenditureincurred/ accrued as detailed above may kindly be approved.1.3 Debt Equity Ratio1.3.1 In accordance with the Regulation 18 of Tariff Regulations 2004, normativedebt-equity ratio of 70:30 has been considered for True-up of FY-2009, FY-2010 and FY-2011. This normative debt-equity ratio has been considered onGFA as on January 2000 and additional capitalisation incurred till respectivefinancial year.1.4 Return on Equity1.4.1 As explained in Section 1.3, Return on Equity has been computed on anormative equity of 30% on capital base and additional capitalisation.1.4.2 In accordance with Opening GFA of Rs. 87.89 crores as on January 2000,equity amount has been calculated Rs. 26.367 Crores as in FY 2000. Further,after taking into account normative equity percentage of 30% on additionalChibro HEP November 2012 Page 4