Chibro Petition - UJVN Limited Dehradun...

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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
True-up of FY09, FY10, FY11 & MYT Petition for FY14, FY15, FY16Table 23: Proposed Depreciation (Rs. Cr.) for FY 2013-14 to FY 2015-162.3.3 It is respectfully prayed that the depreciation proposed in accordance withabove paragraphs Rs. 0.543 Cr., Rs. 0.503 Cr. and Rs. 0.447 Cr. for the FY 2013-14, FY 2014-15 and FY 2015-16 respectively, may kindly be considered andallowed by the Hon’ble Commission.2.4 Interest on Loan Capital2.4.1 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.2.4.2 Rate of Interest is assumed to be same as calculated for FY 2011-12 which isweighted average rate of interest on actual loan for MB-II hydro powerproject.2.4.3 Accordingly, the interest on normative debt has been calculated as under:-:Chibro HEP November 2012 Page 22
Page 3 and 4: A. Specific Legal Provisions under
Page 5 and 6: True-up of FY09, FY10, FY11 & MYT P
Page 27: True-up of FY09, FY10, FY11 & MYT P

Chibro Petition - UJVN Limited Dehradun...

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