JUDGEMENT
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(1.) PETITION has been filed for approval of transmission charges in respect of the transmission assets listed below and sanctioned under the transmission system associated with Pallatana Gas Based Power Project and Bongaigaon Thermal Power Station (the transmission system) in North Eastern Region from 1.1.2012, the anticipated date of commercial operation to 31.3.2014 in terms of the Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2009 (the 2009 Tariff Regulations): -
(i) 400 kV D/C Bongaigaon TPS -Bongaigaon transmission line along with associated bays (Asset I),
(ii) 132 kV D/C Silchar -Badarpur transmission line along with associated bays
(Asset II),
(iii) 132 kV D/C Silchar -Sirkona transmission line along with associated bays
(Asset III),
(iv) 200 MVA, 400/132 kV ICT at Silchar sub -station along with associated bays
(Asset IV),
(v) 50 MVAR switchable line reactors for 400 kV D/C Silchar -Palatana at Silchar sub -station along with associated bays and 63 MVAR Bus Reactor at Silchar S/S along with associated bays (Asset V).
The administrative approval and expenditure sanction for the transmission system was accorded by the Board of Directors of the petitioner company under Memorandum dated 26.2.2010 at estimated cost of Rs. 214400 lakh, including Interest During Construction (IDC) of Rs. 17835 lakh based on 3rd Quarter, 2009 price level. The apportioned approved cost of the transmission assets covered in the present petition (the transmission assets) is as under: -
(2.) AS per the administrative approval, the assets were scheduled to be commissioned within 34 months from the date of administrative approval. As such, the assets were to be commissioned by 1.1.2013. The transmission assets have been declared under commercial operation as indicated below: -
The transmission charges claimed by the petitioner based on the actual date of commercial operation are as under: -
(3.) THE details submitted by the petitioner in support of its claim for interest on working capital are given hereunder: -
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