- (1.) The petitioner, NTPC Tamil Nadu Energy Company Ltd. (hereinafter 'NTECL'), a joint venture company of NTPC (shareholding of 50%) and Tamil Nadu Electricity Board (shareholding of 50%) has filed this petition for approval of tariff of Vallur Thermal Power Project, Stage -I (3 x 500 MW) ('the generating station') for the period from the anticipated date of commercial operation of Unit -I (31.8.2012), Unit -II (31.12.2012) and Unit -III (30.9.2013) till 31.3.2014 in accordance with the Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2009 (hereinafter referred to as "the 2009 Tariff Regulations").
(2.) As Unit -I of the generating station was declared under commercial operation on 29.11.2012, the Commission by order dated 24.12.2012 in Dock No. 56/GT/2012 granted provisional tariff for Unit -I of the generating station from 29.11.2012 to 31.3.2013 based on the capital cost of Rs. 319474.75 lakh (85% of the capital cost of Rs. 377535.00 lakh less normative IDC), subject to adjustment as per Regulation 5(3) of the 2009 Tariff Regulations. The petitioner was also directed by the said order to revise the figures in the petition taking into consideration the date of commercial operation of Unit -II of the generating station.
(3.) Thereafter, Unit -II of the generating station was declared under commercial operation on 25.8.2013 and in terms of the prayer made by the petitioner, the Commission by order dated 20.11.2013 granted provisional tariff for Unit -I and Unit -II (combined) of the generating station for the period 2013 -14 (1.4.2013 to 24.8.2013 for Unit -I and from 25.8.2013 to 31.3.2014 for Units I & II) based on the capital cost of Rs. 488251.05 lakh (85% of the capital expenditure of Rs. 574413.00 lakh) as on 25.8.2013, subject to adjustment as per Regulation 5(3) of the 2009 Tariff Regulations. The petitioner was also directed by the said order to revise the figures in the petition taking into consideration the date of commercial operation of Unit -III of the generating station.;