Chibro Petition - UJVN Limited Dehradun...

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True-up of FY09, FY10, FY11 & MYT Petition for FY14, FY15, FY161.7.10 The total O&M expenses after including all components as discussed aboveare tabulated as under:Table 13: Total O&M Expenses for Chibro Power Project (Rs. Crore)Components/FY 2008-09 2009-10 2010-11Net Expenses 21.908 30.130 32.170Concession -Outside ColonyEmployees 0.086 0.091 0.100Total O&M Expenses 21.994 30.221 32.2701.7.11 It is respectfully prayed that the Operation and Maintenance Expensesproposed in accordance with above table as Rs. 21.994 Crore, Rs. 30.221 Croreand Rs. 32.270 Crore for the FY 2008-09, FY 2009-10 and FY 2010-11respectively may kindly be considered and allowed by the Hon’bleCommission.1.8 Interest on Working Capital1.8.1 In accordance with the norms established under Tariff Regulations 2004, thecomponents of working capital are as follows:O&M expense at one month of projected expenses;Maintenance spares @ 1% of project cost escalated @ 6% per annum fromthe date of commercial operation (in case of UJVNL‟s stations transferredfrom UPJVNL, historical cost shall be the cost as on the date of unbundling ofUPSEB to be escalated @ 6% p.a. thereafter); andReceivables at two months of revenue from sale of electricity.1.8.2 Hon’ble Commission, in the previous Tariff Orders dated October 21, 2009,May 10, 2011 and April 4, 2012, pursuant to the request of the Petitioner,while estimating the interest on working capital, had considered the prevailingPLR, so as to effectively capture the existing market conditions. Accordingly, inthe present Tariff Petition also, the Petitioner has considered prevailing SBIChibro HEP November 2012 Page 13
True-up of FY09, FY10, FY11 & MYT Petition for FY14, FY15, FY16PLR as on April 1 st of respective financial year. The details of working capitaland interest thereon for are given hereunder:Table 14: Interest on Working Capital for Truing Up (Rs. Crore)1.8.3 It is respectfully prayed that the Interest on Working Capital proposed inaccordance with above table as Rs. 0.81 Crore, Rs. 1.24 Crore and Rs. 1.27Crore for the FY 2008-09, FY 2009-10 and FY 2010-11 respectively may kindlybe considered and allowed by the Hon’ble Commission.1.9 Non Tariff Income1.9.1 The non-tariff income earned by the Petitioner has been deducted from theAnnual Fixed Charges to arrive at net Annual Fixed Charges.1.10 Total Fixed Charges1.10.1 The gross and net Annual Fixed Charges for Chibro power plant for each of thetariff years is provided in the table below:Table 15: Annual Fixed Charges (Rs. Crore)Chibro HEP November 2012 Page 14
Page 3 and 4: A. Specific Legal Provisions under
Page 5 and 6: True-up of FY09, FY10, FY11 & MYT P
Page 19: True-up of FY09, FY10, FY11 & MYT P

Chibro Petition - UJVN Limited Dehradun...

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