Chibro Petition - UJVN Limited Dehradun...

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True-up of FY09, FY10, FY11 & MYT Petition for FY14, FY15, FY16Table 9: Depreciation for FY 2010-11 on Additional Capitalisation (Rs. Crore)1.5.5 It is respectfully prayed that the depreciation proposed in accordance withabove tables as Rs. 0.30 Crore, Rs. 0.36 Crore and Rs. 0.41 Crore for the FY2008-09, FY 2009-10 and FY 2010-11 respectively may kindly be consideredand allowed by the Hon’ble Commission.1.6 Interest on loan capital1.6.1 It is submitted that in terms of the directives of the Hon’ble Commission,interest on normative debt has been considered on the value equivalent to70% of additional capitalisation only.1.6.2 As far as actual loans on operating hydro power projects are concerned, actualloan data is available for MB-II HEP. Hence, Petitioner claims that weightedChibro HEP November 2012 Page 7
True-up of FY09, FY10, FY11 & MYT Petition for FY14, FY15, FY16average rate of interest and finance charges of MB-II hydro electric projectshould also be considered for interest rates on normative loan for other largehydro projects.1.6.3 The details of loans for MB-II hydro power project is attached as Annexure-7Summary of principal amount due and actual interest and finance chargespaid during respective financial years is given as under:Table 10: Weighted Average Rate of Interest for MB-II HEP1.6.4 Accordingly, the interest on normative debt has been calculated as under:-:Table 11: Interest on Loan Capital for Truing Up (Rs. Crore)1.6.5 It is respectfully prayed that the Interest on Loan proposed in accordance withabove table as Rs. 0.48 Crore, Rs. 0.57 Crore and Rs. 0.69 Crore for the FY2008-09, FY 2009-10 and FY 2010-11 respectively may kindly be consideredand allowed by the Hon’ble Commission.1.7 O&M Expenses1.7.1 It is respectfully submitted that O & M expenses for the FY 2008-09, FY 2009-10 and FY 2010-11 have been considered as per the audited accounts.1.7.2 The components of total O&M expenses have been bifurcated into direct andindirect expenses. Direct expenses have been allotted to respective hydroChibro HEP November 2012 Page 8
Page 3 and 4: A. Specific Legal Provisions under
Page 5 and 6: True-up of FY09, FY10, FY11 & MYT P
Page 13: True-up of FY09, FY10, FY11 & MYT P

Chibro Petition - UJVN Limited Dehradun...

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