Chibro Petition - UJVN Limited Dehradun...

True-up of FY09, FY10, FY11 & MYT Petition for FY14, FY15, FY162.5.1.3 The same escalation of 7.04% was also considered on A&G and R&Mexpense over the expenses approved for FY 2011-12 to arrive at A&G andR&M expense for FY 2012-13.2.5.1.4 In accordance with provisional accounts, the O&M expenditure figures forFY 2011-12 are available. It is now submitted that in order to arrive at O&Mexpenses for FY 2013-14, 2014-15 and 2015-16, the same escalation hasbeen considered over the O&M components for FY 2011-12, as approvedby the Commission in the Tariff Order dated April 4, 2012. The O&Mexpenses are projected as under:Table 25: Proposed O&M Expenses for FY 2013-14 to 2015-162.5.2 Hence, the O & M expenses amounting to Rs. 47.10 Cores, Rs. 50.42 Cores andRs. 53.97 Cores for the FY 2013-14, 2014-15 and 2015-16 respectively maykindly be considered and allowed.2.6 Interest on Working Capital2.6.1 In accordance with Regulation 34 of Tariff Regulations 2011:“Rate of interest on working capital shall be on normative basis and shall beequal to the State Bank Advance Rate (SBAR) of State Bank of India as on thedate on which the application for determination of tariff is made.”Interest on Working Capital Shall Cover:Operation and maintenance expenses for one month;Maintenance spares @ 15% of operation and maintenance expenses; andReceivables for sale of electricity equivalent to two months of the annualfixed charges calculated on normative capacity index.Chibro HEP November 2012 Page 24