POWER GRID CORPORATION OF INDIA LIMITED Vs. BIHAR STATE ELECTRICITY BOARD
CENTRAL ELECTRICITY REGULATORY COMMISSION
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(1.) THE application has been made for approval of transmission charges for 40% Fixed Series Compensation (the transmissions assets) on existing 400 kV S/C Rengali-Indravati transmission line associated with augmentation of capacity of Gazuwaka HVDC back to back project in Eastern region.
(2.) The administrative approval and expenditure sanction for the scheme for augmentation of capacity of Gazuwaka HVDC 500 MW back to back was accorded by Ministry of Power vide letter dated 22.1.2002 at an estimated cost of Rs.76925 lakh, which included IDC of Rs. 9612 lakh. The apportioned cost of the transmission assets is stated to be Rs. 2730 lakh. Subsequently, the revised cost estimate of the scheme was approved by Ministry of Power vide letter dated 6.1.2004 at Rs. 73927 lakh. The petitioner has, however, not indicated the apportioned cost for the transmission assets against the revised approved cost estimated. As per Ministry of Power letter dated 22.1.2002, the transmission assets were to be completed by January 2005. However, the schedule was revised to June 2005 in the revised approval issued on 6.1.2004. The transmission assets have been declared under commercial operation w.e.f. 1.10.2005. The petitioner has explained that the delay in completion was due to the adverse weather conditions, namely, high temperature of about 50 degree during summer and heavy unpredictable rainfall during rainy seasons. The petitioner has submitted that the reasons for delay were beyond its control.
The details of capital expenditure submitted by the petitioner are as follows:
(3.) THE petitioner has claimed the following transmission charges based on the capital cost of Rs. 1352.82 lakh as on the date of commercial operation:
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