POWER GRID CORPORATION OF INDIA LIMITED Vs. RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LIMITED
LAWS(ET)-2005-11-2
CENTRAL ELECTRICITY REGULATORY COMMISSION
Decided on November 30,2005

Appellant
VERSUS
Respondents

JUDGEMENT

- (1.) THE petition has been filed for approval for transmission charges for Singrauli 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 petitioner has claimed the transmission charges as under: (Rs. In lakh) ------------------------------------------------------------------------- 2004-05 2005-06 2006-07 2007-08 2008-09 ------------------------------------------------------------------------- Depreciation 346.56 346.56 346.56 346.56 346.56 Interest on Loan 0.00 0.00 0.00 0.00 0.00 Return on Equity 1022.39 1022.39 1022.39 1022.39 1022.39 Advance against Depreciation 0.00 0.00 0.00 0.00 0.00 Interest on Working Capital 122.76 128.12 133.82 139.74 146.10 O & M Expenses 1102.01 1146.01 1193.18 1238.77 1290.32 ------------------------------------------------------------------------- Total 2593.72 2643.08 2695.95 2747.47 2805.38 ------------------------------------------------------------------------- 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 673.51 713.93 756.76 802.17 850.30 O & M expenses 91.83 95.50 99.43 103.23 107.53 Receivables 342.29 440.51 449.32 457.91 467.56 ------------------------------------------------------------------------- Total 1197.64 1249.94 1305.52 1363.31 1425.39 ------------------------------------------------------------------------- Rate of Interest 10.25% 10.25% 10.25% 10.25% 10.25% Interest 122.76 128.12 133.82 139.74 146.10 -------------------------------------------------------------------------
(3.) THE transmission System associated with Singrauli STPS was approved by the Central Government in Ministry of Power under letter dated 8.1.1987 at a total cost of Rs. 25605 lakh. 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 13/2002, 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. 23596.16 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.No. Name of the transmission line Date of operation Actual line length commercial (Ckt-km) for O &M ------------------------------------------------------------------------------------- (i) 400 kV S/C Singrauli-Anpara-Obra transmission line 5.4.1982 25.06 (ii) 400 kV S/C Singrauli-Kanpur- I transmission line 27.5.83 447.00 (iii) 400 kV S/C Kanpur-Panki-I transmission line 27.5.1983 5.62 (iv) 400 kV S/C Singrauli-Kanpur- II transmission line 14.3.1987 424.15 (v) 400 kV S/C Kanpur-Panki-II transmission line 14.3.1987 5.70 (vi) 400 kV S/C Singrauli- Lucknow transmission line 1.6.1986 408.60 (vii) 400 kV S/C Lucknow- Moradabad transmission line 1.6.1986 331.17 (viii) 400 kV S/C Moradabad- Muradnagar transmission line 1.6.1986 133.00 (ix) 400 kV S/C Muradnagar- Dadri transmission line 16.10.1984 33.10 (x) 400 kV S/C Dadri-Panipat transmission line 16.10.1984 112.32 (xi) 400 kV S/C Kanpur-Agra transmission line 26.11.1986 240.00 (xii) 400 kV S/C Agra-Bassi- Hirapura transmission line 30.11.1986 211.43 ------------------------------------------------------------------------------------- Total 2377.15 ------------------------------------------------------------------------------------- ;


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