POWER GRID CORPORATION OF INDIA LIMITED Vs. RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LTD
LAWS(ET)-2005-11-13
CENTRAL ELECTRICITY REGULATORY COMMISSION
Decided on November 28,2005

Appellant
VERSUS
Respondents

JUDGEMENT

- (1.) THE petition has been filed for approval for transmission charges for Salal Stage I Transmission System (the transmission system) in Northern Region for the period from 1.4.2004 to 31.3.2009, based on the Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2004, (hereinafter referred to as "the 2004 regulations"). THE petitioner had also prayed that it be permitted to continue the billing of transmission charges on the same basis as charged on 31.3.2004, pending determination of tariff in the present petition. No other specific relief is prayed for.
(2.) The approval for the revised cost estimate of Rs. 3027 lakh, including IDC of Rs. 315.00 lakh for the transmission system was accorded by the Central Government in Ministry of Power vide letter dated 9.6.1997.The annual transmission charges for the period from 1.4.2001 to 31.3.2004 were decided by the Commission in its order dated 31.7.2003 in Petition No. 20/2002, and for the period up to 31.3.2001 by the Central Government under its notification dated 16.11.1998 which was revised by notification dated 14.5.1999 at a cost of Rs. 3057 lakh. The scope of work included in the transmission system and the date of commercial operation of the respective transmission asset are as stated below: s. Name of the transmission line Date of Actual line No commercial length Ckt- operation km (i) 220 kV Salal- Jammu-I S/C transmission line 10.11.1987 56.33 (ii) 220 kV Jammu-Hiranagar S/C transmission line 10.9.1985 45.93 (iii) 220 kV Hiranagar-Sarna S/C transmission line 10.9.1985 45.29 (iv) 220 kV Sarna-Dasua ckt-I (on D/C tower) 13.4.1983 53.07 transmission line (v) 220 kV Salal-Kishanpur-I D/C transmission line 11.11.1987 113.60 (vi) 220 kV Kishanpur-Udhampur D/C transmission 11.11.1987 44.08 line Total 358.30 The petitioner has claimed the transmission charges as under: (Rs. In lakh) 2004-05 2005-06 2006-07 2007-08 2008-09 Depreciation 78.56 44.05 44.05 44.05 44.05 Interest on Loan 0.26 0.00 0.00 0.00 0.00 Return on Equity 128.59 128.59 128.59 128.59 128.59 Advance against Depreciation 0.00 0.00 0.00 0.00 0.00 Interest on Working Capital 24.63 25.08 26.20 27.36 28.60 O & M Expenses 390.65 406.31 422.76 439.30 457.21 Total 622.59 604.03 621.60 639.30 658.45
(3.) THE details submitted by the petitioner in support of its claim for interest on working capital are given hereunder: (Rs. in lakh 2004-05 2005-06 2006-07 2007-08 2008-09 Maintenance Spares 103.92 110.16 116.77 123.78 131.20 O & M expenses 32.55 33.86 35.23 36.61 38.10 Receivables 103.78 100.67 103.60 106.55 109.74 Total 240.25 244.69 255.60 266.94 279.04 Rate of Interest 10.25% 10.25% 10.25% 10.25% 10.25% Interest 24.63 25.08 26.20 27.36 28.60 ;


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