Chibro Petition - UJVN Limited Dehradun...

True-up of FY09, FY10, FY11 & MYT Petition for FY14, FY15, FY16based on weighted average rate of 2.66% on Additional Capitalisation. From2008-09 year onwards, Petitioner has claimed depreciation based on relevantcategory of asset. Hence, depreciation recovered till 2007-08 has been dividedamong relevant category of asset in proportion to the percentage of grossvalue of such category of asset in the total Additional Capitalisation.Table 21: Calculation of Actual Depreciation Recovered Till FY 2012-132.3.1 In order to calculate Depreciation from FY 2013-14 to FY 2015-16, Petitionerclaims depreciation on actual Additional Capitalisation only.2.3.2 In accordance with Tariff Regulations 2011, depreciation may be recovered till12 years from the date of Commissioning of the Project at a rate mentioned inthe Regulations and shown in Section 2.3.2. Hence % of depreciation onAdditional Capitalisation from FY 2013-14 onwards needs to be reconciledwith the % of depreciation for the 12 years as per Tariff Regulations 2011.Table 22: Proposed Depreciation % for FY 2013-14 to FY 2015-16Chibro HEP November 2012 Page 21