POWER GRID CORPORATION OF INDIA LIMITED Vs. BIHAR STATE ELECTRICITY BOARD
CENTRAL ELECTRICITY REGULATORY COMMISSION
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(1.) THE petition has been filed for approval for transmission charges for the Hathidah River Crossing Section of 220 kV D/C Biharsharif-Begusarai transmission line belonging to Bihar SEB (the transmission line) in Eastern 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 investment approval for construction of Hathidah River Crossing section of 220 kV D/C Biharsharif-Begusarai transmission line was accorded by the Board of Directors of the petitioner company in its 71st meeting held on 9.3.1998 at an estimated cost of Rs. 1169.00 lakh. The project has been completed at a cost of Rs. 1066.80 lakh. The date of commercial operation of the transmission line is 1.3.2001.
The annual transmission charges for the period from 1.4.2001 to 31.3.2004 were decided by the Commission in its order dated 30.6.2003 in Petition No. 63/2002 at a gross block of Rs. 1066.56 lakh, including de-capitalization of Rs. 0.24 lakh from 1.3.2001 to 31.3.2001 on account of FERV over the gross block of Rs. 1066.80 lakh earlier considered by the Commission for the period up to 31.3.2001. The length of the transmission line is 5.2 ckt-kms for the purpose of claiming O&M expenses.
(3.) THE petitioner has claimed the total transmission charges as under: (Rs. in lakh) 2004-05 2005-06 2006-07 2007-08 2008-09 Depreciation 27.15 27.15 27.15 27.15 27.15 Interest on Loan 66.22 56.57 46.91 37.26 29.04 Return on Equity 28.40 28.40 28.40 28.40 28.40 Advance Against Depreciation 58.21 58.21 58.21 58.21 44.84 Interest on Working Capital 4.49 4.40 4.32 4.25 3.97 O & M Expenses 1.18 1.23 1.28 1.33 1.38 Total 185.65 175.96 166.27 156.60 134.78;
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