Chibro Petition - UJVN Limited Dehradun...
Chibro Petition - UJVN Limited Dehradun...
Chibro Petition - UJVN Limited Dehradun...
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True-up of FY09, FY10, FY11 & MYT <strong>Petition</strong> for FY14, FY15, FY16the remaining period upto 12 years. The remaining depreciable value as on 31stMarch of the year closing after a period of 12 years from date of commercialoperation shall be spread over the balance life.”2.3.2 In accordance with above provisions and rates provided in Tariff Regulations2011, depreciation has been calculated based on rates tabulated as under:Table 19: Rates of Depreciation as per Tariff Regulations 20112.3.3 In accordance with considerations of Hon’ble Commission, <strong>Petition</strong>er hasconsidered only actual Additional Capitalisation to arrive at GFA as on 1 st April2012.2.3.4 Tariff Regulations 2011 are applicable from Ist April 2013. Hence, till FY 2012-13, <strong>Petition</strong>er has calculated depreciation based on Tariff Regulations 2004.Table 20: Depreciation in FY 2012-132.3.5 In accordance with explanation made in Section 2.3.2, Tariff Regulations 2011allows recovery of major portion of Depreciation in initial 12 years of projectoperation. Hon’ble Commission has approved depreciation till FY 2007-08<strong>Chibro</strong> HEP November 2012 Page 20