POWER GRID CORPORATION OF INDIA LIMITED Vs. KARNATAKA POWER TRANSMISSION CORPORATION LTD
CENTRAL ELECTRICITY REGULATORY COMMISSION
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(1.) THE application is made for approval of provisional transmission charges for 40% Fixed Series Compensation on 400 kV S/C Gooty-Neelmangala Circuit-II at Gooty under FSC project (the transmission assets) in Southern Region.
(2.) The investment approval for provision for 40% Fixed Series Compensation (FSC) on both of the circuits of Nagarjunasagar-Cuddapah 400 kV S/C transmission lines at Cuddapah end and also at Gooty end of 2 x S/C 400 kV Gooty -Neelmangala transmission line was accorded by the Board of Directors of the petitioner company under Memo dated 22.10.2002 at an estimated cost of Rs. 57.93 crore (2nd quarter, 2002 price level), which includes IDC of Rs. 4.43 crore. The transmission assets covered in the present petition have been declared under commercial operation w.e.f. 1.5.2005. The petitioner has accordingly claimed provisional transmission charges from the date of commercial operation.
The estimated completion cost of the transmission assets is stated to be Rs. 1479.33 lakh against the apportioned approved cost of Rs.1457.00 lakh. The actual expenditure up to the date of commercial operation, that is, 1.5.2005 was Rs. 1382.24 lakh as per the Chartered Accountant's certificate dated 31.5.2005 placed on record by the petitioner and the balance estimated expenditure is stated to be Rs. 97.09 lakh. The annual provisional transmission charges claimed by the petitioner are given hereunder:
(3.) THE petitioner has claimed provisional transmission charges based on the capital cost of Rs. 1382.24 lakh as on the date of commercial operation. THE petitioner has published notices in the newspapers on the provisional tariff proposal in accordance with the procedure specified by the Commission.;
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