TARIFF FILING FORMS ( Transmission) - POWERGRIDapps.powergridindia.com/cerc/docs/Southern...

Part - III

TARIFF FILING FORMS ( Transmission)

400 KV D/C MADURAI-THIRUVANANTHAPURAM TRANSMISSION SYSTEM

PART - IIIForm - 1

Name of the Company : Power Grid Corporation of India Limited

Name of the Project :

Name of the Transmission Element :

Name of Region : SOUTHERN

DOCO : 1/8/2005(Rupees in lacs)

S.No. Particulars 2004-052005-06

(Pro Rata)2006-07 2007-08 2008-09

1 2 5 5 6 7 8

1 Depreciation FORM- 11 443.84 665.76 665.76 665.762 Interest on Loan FORM- 13A 936.95 1353.14 1270.05 1165.753 Return on Equity FORM-1A 641.61 962.41 962.41 962.414 Advance against Depreciation FORM- 14 183.52 324.36 789.365 Interest on Working Capital FORM- 15 59.97 93.74 96.81 105.286 O & M Expenses 302.02 471.39 489.80 509.79

Total 2384.39 3729.96 3809.19 4198.36

Sd/-Petitioner

SUMMARY SHEET

400 KV SUB STATION AT THIRUVANANTHAPURAM AND 400 KV D/C MADURAI-THIRUVANANTHAPURAM TRANSMISSION LINE


1 Detail calculations of Return on Equity, considering equity as per regulation, is annexed at Form-1A

Copy of Madurai-Trivendrum DOCO 01.08.05 TARIFF FINAL

Part - IIIFORM- 1A

Name of the Company : POWERGRID CORPORATION OF INDIA LTD.

Name of the Project :400 KV SUB STATION AT THIRUVANANTHAPURAM AND 400 KV D/C MADURAI-THIRUVANANTHAPURAM TRANSMISSION LINE

Name of the Transmission Element :400 KV SUB STATION AT THIRUVANANTHAPURAM AND 400 KV D/C MADURAI-THIRUVANANTHAPURAM TRANSMISSION LINE

(Rupees in lacs)

EQUITY AS ON 01.08.2005(D.O.C.O.) 6874.39

TOTAL EQUITY CONSIDERED FOR 2005-096874.39

ROE@14% FOR 2005 -09 962.41

Sd/-Petitioner

PART-IIIForm 2

Name of the Company

Name of the Project

Name of the Transmission Element

Transmission lines

S.NO. Name of lineType of line AC/HVDC

S/C or D/C Voltage level kV

Line length

Ckt.Km.

Date of Commercial operation

Covered in this petition (Yes/No)

1 Madurai-Triruvananthapuram Circuit - I 400 216.15 01.08.2005 YES2 Madurai-Triruvananthapuram Circuit - Ii 400 216.15 01.08.2005 YES

Total 432.30Substations

S.NO. Name of Sub-stationType of Substation Conventional/ GIS

Voltage level kV

No. of BaysDate of

Commercial operation

Covered in this petition

(Yes/No)

1 Thiruvananthapuram Conventional 400/220

a Madurai - I 400 1 01.08.2005 YESb Madurai - II 400 1 01.08.2005 YESc ICT - I 400 1 01.08.2005 YESd ICT - II 400 1 01.08.2005 YESe ICT - I 220 1 01.08.2005 YESf ICT - II 220 1 01.08.2005 YES

g220 KV Pothencode line I, II, III & IV

Bays* 220 4 01.08.2005 YES

2 Madurai Conventional 400/220

a Thiruvananthapuram - I 400 1 01.08.2005 YESb Thiruvananthapuram - II 400 1 01.08.2005 YES

Total 12

Sd/-Petitioner

* Feeder is of SEB, Bays are of POWERGRID

AC D/C

No. of transformers / Reactors/SVC etc (with capacity)

2 x 315 MVA

DETAILS OF TRANSMISSION LINES & SUBSTATIONS

POWERGRID CORPORATION OF INDIA LIMITED400 KV SUB STATION AT THIRUVANANTHAPURAM AND 400 KV D/C MADURAI-THIRUVANANTHAPURAM TRANSMISSION LINE400 KV SUB STATION AT THIRUVANANTHAPURAM AND 400 KV D/C MADURAI-THIRUVANANTHAPURAM TRANSMISSION LINE

Y:\REVENUE\CERC PETITIONS\CERC 2004-09\SR commissioned during 2004-05\Filed petitions\Madurai - Trivendram Transmission System\Tariff Calculations\Copy of Madurai-Trivendrum DOCO 01.08.05 TARIFF FINAL

Name of theTransmission Licensee :

Name of the Project


2004-05 2005-06 2006-07 2007-08 2008-091 2 3 4 5 6

Target Availability % 98% 98% 98% 98% 98%Normative O&M per ckt.km Rs. lacs 0.227 0.236 0.246 0.255 0.266Normative O&M per bay Rs. lacs 28.12 29.25 30.42 31.63 32.90Spares for WC as % of O&M % #DIV/0! 54% 54% 55% 56%Recievables in Months for WC months 2 2 2 2 2Rate of Return on Equity (%) % 14 14 14 14 14

Sd/-Petitioner



Particulars Unit As Notified by CERC

PART-IIIFORM-3

Normative Parameters considered for tariff calculations

Power Grid Corporation of India Limited

Part - III

Name of theTransmission Licensee : Power Grid Corporation of India Limited



Name of Region : SOUTHERN

Capital Cost EstimatesBoard of Director/ Agency approving theCapital cost estimates:Date of approval of the Capital costestimates:

Price level of approved estimates

Foreign Exchange rate considered for theCapital cost estimates

Capital Cost excluding IDC & FCForeign Component, if any (In MillionSEK)Domestic Component (Rs. Cr.)Capital cost excluding IDC & FC (Rs.Cr)IDC & FC

Foreign Component, if any (In MillionS )

Domestic Component (Rs. Cr.)

Total IDC & FC (Rs.Cr.)

Rate of taxes & duties considered

Capital cost Including IDC & FC

Foreign Component, if any (In Million US$ or the relevant Currency)

Domestic Component (Rs. Cr.)

Total Capital cost Including IDC & FC(Rs. Cr)

Schedule of Commissioning

(Scheduled DOCO elementwise)§ Scheduled Date of Commercial Operation as Per original Approval* Actual Date of Commercial Operation

Copy of Approval Letter is enclosed as Enclosure-2

PETITIONERSd/-

N/A

195.97 207.12

27-10-2003§ 01.08.2005 *

NIL NIL

23.71 24.60

195.97 207.12

NIL NIL

23.71 24.60

172.26 182.52

NIL NIL

172.26 182.52

As on 3th Qtr. 2000 price level

As On Scheduled COD of October, 2003

NA NA

BOARD OF DIRECTORS, POWERGRID

27.10.2000 (Original) (Revised Cost Estimates under Approval Process)

Present Day Cost Completed Cost

FORM-5A

Abstract of Capital Cost Estimates and Schedule of Commissioning for the New projects



Part - III

nsmission Licensee : Form 5B

Name of the Project


Name of Region SOUTHERN

Sl.No. Break Down

As per original

Estimates ( Based on 4th

Qtr 2000 price level)

As on COD

Variation (Col.3 &5) Reasons for Variation Admitted

Cost

1 2 3 5 6 7 8A TRANSMISSION LINE

1.0 Preliminary works

1.1Preliminary investigation,Right of way, forest clearance, PTCC , general civil works, Compensation etc.

3.40 35.73 32.33Due to increased number of Trees and Compensation paid to Owners as per State government valuation and due to increased forest compensation paid as per assessment. Rs. 1.24 Crs. Expenditure on this account has to be incurred yet.

1.2 Total Preliminary works 3.40 35.73 32.33

2.0 Transmission Lines material

2.1 Towers Steel 18.62 19.39 0.77 Due to increase in line length from 207 Crs to 216.15 Kms. And due to increase in no of Tension Towers because of Steep Hills in the Forest (Kerala Portion). Expenditure of Rs. 1.50 Crs yet to be incurred on account of balance payments.

Conductor 44.62 43.03 (1.59) Less Award cost than the estimated cost received in Competitive bidding.Earth Wire 1.29 0.91 (0.38) Less Award cost than the estimated cost received in Competitive bidding.

Insulators 5.15 8.53 3.38 Due to increase in no of Tension insulators because of Steep Hills in the Forest (Kerala Portion). Expenditure of Rs. 0.57 Crs yet to be incurred on account of balance payments.

2.2 Hardware Fittings 3.44 3.87 0.43 Higher Award Cost than the estimated Cost received in Competitive Bidding

2.3 Conductor and Earthwire Accessories 2.77 2.32 (0.45) Balance Expenditure of Rs. 0.5 Crs yet to be incurred.

Transmission Lines material 75.89 78.05 2.16

2.8 Spares* 1.60

2.9Erection, Stringing & Civil works including foundation

16.01 14.81 (1.20)The awarded cost is higher than the estimated cost as due to difficult terrain benching, revetment has increased and Tower foundations had to be designed for Tension towers. Expenditure of Rs. 2.88 Crs yet to be made on account of Balance Payments.

3.0 Taxes and Duties

3.1 Custom Duty

3.2 Other Taxes & Duties 5.65 15.11 9.46 As per Actuals.

Total Taxes & Duties 5.65 15.11 9.46

Total Transmission Lines material 100.95 143.70 42.75


( Rupees in Crores )

Break-up of Project Cost for Transmission System



Part - III


Name of the Project



Sl.No. Break Down

As per original



As on COD


Cost

1 2 3 5 6 7 8






B. SUBSTATIONS4.0 Preliminary works & land4.1 Design & Engineering4.2 Land4.3 Site preparation

Total Preliminary works & land 5.82 6.31 0.49 As per Actuals.

5.0 Civil Works

5.1 Control Room & Office Building including HVAC

6.62 6.62 0.00

5.2 Township & Colony 2.89 3.17 0.28 Higher Award Cost than the estimated Cost received in Competitive Bidding

5.3 Roads and Drainage 1.92 1.54 (0.38) Increase in Scope due to Canal Diversion. Balance Payment of Rs. 0.98 Crs yet to be made.

5.4Foundation for structures (Included in Item 5.1 Above (Control Room etc.)

5.5 Misc. civil works (Included in Item 5.3 Above (Roads etc.)Total Civil Works 11.43 11.33 (0.10)

6.0 Substation Equipments

6.1

Switchgear (CT,PT, Circuit Breaker, Isolator, LT Transformer, AC/DC Distribution Board, Battery and Battery Charger, Power and Control Cables etc.)

14.43 7.28 (7.15)Less Award Cost than the estimated Cost received in Competitive Bidding. Balance Expenditure of Rs. 3.82 Crs yet to be incurred.

6.2 Transformers 8.90 7.25 (1.65)Less Award Cost than the estimated Cost received in Competitive Bidding. Balance Expenditure of Rs. 0.50 Crs yet to be incurred.

6.3Compensating Equipment( Reactor, SVCs etc)

6.4 Control , Relay & Protection Panel 5.64 2.08 (3.56) Less Award cost than the estimated cost received in Competitive bidding.

6.5 PLCC 1.55 0.76 (0.79) Less Award cost than the estimated cost received in Competitive bidding. Balance Expenditure of Rs. 0.44 Crs yet to be incurred.

6.6 HVDC package6.7 Bus Bars/ conductors/Insulators 1.74 (1.74)6.8 Outdoor lighting 0.67 1.47 0.80 Higher Award Cost than the estimated Cost received in Competitive Bidding

6.9Emergency D.G. Set/Fire Fighting System/ AC Ventilation

1.02 0.73 (0.29) Less Award Cost than the estimated Cost received in Competitive Bidding

6.10 Grounding System6.11 Structure for switchyard 2.87 4.97 2.10 Higher Award Cost than the estimated Cost received in Competitive Bidding

Erection 3.00 1.97 (1.03) Balance Expenditure of Rs. 1.02 Crs yet to be incurred.

Part - III


Name of the Project



Sl.No. Break Down

As per original



As on COD


Cost

1 2 3 5 6 7 8






Total Substation Equipments 39.83 26.51 (13.32)

7.00 Spares 2.30* 0.71 (1.59) As Per Actuals8.0 Taxes and Duties8.1 Custom Duty8.2 Other Taxes & Duties & F&I 2.10 4.406 2.31 8.3 Total Taxes & Duties 2.10* 4.41 2.31 As Per Actuals

Total (Sub-station) 57.08 49.27 (7.81)

9.0Construction and pre-commissioning expenses

9.1 Site supervision & site admn.etc.9.2 Tools and Plants 1.48 1.4 (0.08)

9.3construction Insurance (Included in Item 9.2 Above)Total Construction and pre commissioning expenses

1.48 1.40 (0.08)

10.0 Overheads10.1 Establishment 7.97 16.06 8.08 Due to Time Over run10.2 Audit & Accounts10.3 Contingency 4.78 (4.78)

Total Overheads 12.75 16.06 3.31 Due to Time Over run11.0 Project cost without IDC & FC 172.25 210.42 38.17 12.0 IDC & FC 23.71 33.41 9.70 Due to Time Over run

13.0 Project cost including IDC & FC 195.97 243.83 47.86

* spares cost, taxes & duties included in equipment cost in the Original estimate Cost . Cost given separately for information.

Sd/-Petitioner

Part - IIIForm 5C

Name of theTransmission Licensee

Name of the Project

Name of RegionRs. In Crs.

S.No.Name/No. of

Construction/supply/service package

Details of Lines included in the package

Scope of works1 (in line with head ofcost break-ups as applicable)

Whether awarded throughICB/DCB/ Depatmentally/Deposit Work etc & No. ofbids received

No. of bidsreceived Date of Award

Date of Start ofwork ( LOAdate )

Date of Comple-tion of Work (LOA date )

Value ofAward (Ammended )in (Rs. Cr.)

Firm or WithEscalation inprices

Actual expenditure tillthe completionor up to CODwhichever isearlier

1 2 3 4 5 6 7 8 9 10 11 12

Sd/-

Petitioner

December, 2003 39.124SUB-STATION PACKAGE

(PACKAGE-D) (C-55402-S948-3)

400/220 KV Thiruvananthapuram(New) and Extention of 400/220KV Madurai Sub Stations.

Design, Engineering, Manufacture,Testing, Supply of Specified Equipmentand Matreials on Ex works basis for400/220 KV Thiruvananthapuram (New)and Extention of 400/220 KV MaduraiSub Stations

with escalation

29.60Domestic Competitive Bidding

Six 27.03.2002 27.03.2002

April, 2003 5.69with

Escalation 10.66Domestic Competitive

Bidding Three 12.06.2001 12.06.20013INSULATOR PACKAGE

(PACKAGE-C) (C-55401-L179-3)

400 KV D/C MADURAI-THIRUVANANTHAPURAM TRANSMISSION LINE

Design, Manufacture, Testing and Supplyon F.O.R. Destination Site basis of 120KN and 160 KN Electromechanicalstrength standard Disc insulator for 400KV Madurai-Thiruvananthapuram T/L

January, 2003 41.12with

Escalation 51.76Domestic Competitive

Bidding Three 28.03.2001 28.03.20012CONDUCTOR PACKAGE

(PACKAGE-B) (C-55401-L175-3)


Design, Manufacture, Testing and Supplyon F.O.R. Destination Site basis of ACSRMoose Conductor for 400 KV Madurai-Thiruvananthapuram T/L

July, 2003 34.22With

Escalalation 40.34Domestic Competitive

Bidding Seven 28.03.2001 28.03.20011TOWER PACKAGE

(PACKAGE-A) (C-55401-L195A-3)


Surveying, Profiling, TowerSpotting/Optimization of Tower Locations, Soil Resistivity Measurements, Geo-Technical Investigation, and CheckSurvey, Fabrication and Supply of alltypes of 400 KV D/C Line Towers, TowerAccessories, Earth Wire, HardwareFittings and Conductor and Earth wireAccessories , Selecting and Casting ofFoundations, Erection of Towers,Stringing, Testing and Commissioning ofthe Transmission Line.

Break-up of Construction/Supply/Sevice packagesPower Grid Corporation of India Limited


SOUTHERN

Part - IIIForm 5D

Name of theTransmission Licensee

SOUTHERN

S.NO. Name of lineApportioned approved Cost (Rs. In Lakhs) Cost

based on 3rd Qtr.2000 price levelCompleted/ Anticipated Completion

Cost (Rs. In Lakhs)*

1400 kV D/C Madurai-Thiruvananthapuram Transmission Line

12419.00 18273.05

S.NO. Name of Substation Apportioned approved Cost (Rs. Lacs) Completed Cost (Rs. Lacs)

2New Sub-Station at Thiruvananthapuram and Extention of Madurai Sub Station 7178.00 7452.36

Total 19597.00 25725.41

1 O/P No. 15/03 filed against Fatal Accident Case at Sub Court

Rs. 5,00,000

2O/P No. 25/03 filed against Fatal Accident Case at Sub Court

Rs. 3,00,000

3 123 Nos. Enhancement of Compensation Cases Rs. 29,36,84,604

TOTAL Rs. 29,44,84,604

Sd/-Petitioner

* It is submitted that Some Court Cases are pending before various Courts as given below, Demanding additional claim for Compensation & Others Worth Rs. 29.45 Crs. This amount has not been considered in the calculation of Provisional Tariff. As and when the cases are decided, the Petitioner would like to Approach CERC for inclusion of the expense under this head in the Capital Cost and for Calculation of Tariff.

Name of Region:

Transmission Line

Substations

DETAILS OF ELEMENTWISE COST


Name of the Project 400 KV SUB STATION AT THIRUVANANTHAPURAM AND 400 KV D/C MADURAI-THIRUVANANTHAPURAM TRANSMISSION LINE

Part - IIIFORM- 6

Name of the Company Power Grid Corporation of India Limited

Name of the Project


243.83

DOCO 1/8/2005(Rupees in lacs)

1 2 3 4 5 6 7Loan-Loan-I- domestic INR 15678.00 INR 17509.00Loan-II-ForeignTotal Loan 17509.00

Equity-Foreign

Domestic INR 3919.00 INR 6874.39Notional Equity

Total Equity INR INR 6874.39Debt : Equity Ratio 80.00 : 20.00 71.81 : 28.19Total Cost INR 19597.00 INR 24383.39

Sd/-Petitioner

Financial Package as Approved (Based on 2nd qtr 2002 price

level)

Financial Package as on COD As Admitted on COD

Currency and Amount Currency and Amount Currency and Amount

Financial Package upto COD

400 KV SUB STATION AT THIRUVANANTHAPURAM AND 400 KV D/C MADURAI-THIRUVANANTHAPURAM TRANSMISSION LINE400 KV SUB STATION AT THIRUVANANTHAPURAM AND 400 KV D/C MADURAI-THIRUVANANTHAPURAM TRANSMISSION LINE

Project Cost as on COD/01.08.2005 (in Rs Crores) :


Part - III


Name of the Project


Particulars Package1 Package2 Package3 Package4 Package5 Remarks1 2 3 4 5 6 7

Source of Loan1

Currency2

Amount of Loan sanctionedAmount of Gross Loan drawn upto 31.03.2004/COD 3,4,5,13,15

Interest Type6

Fixed Interest Rate, if applicableBase Rate, if Floating Interest7

Margin, if Floating Interest8

Are there any Caps/Floor9

If above is yes,specify caps/floorMoratorium Period10

Moratorium effective fromRepayment Period11

Repayment effective fromRepayment Frequency12

Repayment Instalment13,14

Base Exchange Rate16

Eastern RegionTransmission element 1Transmission element 2 and so on

TotalWestern RegionTransmission element 2 and so on

TotalNorthern RegionTransmission element 1Transmission element 2 and so on

TotalSouthern RegionTransmission element 1Transmission element 2 and so on

TotalNorth-Eastern RegionTransmission element 1Transmission element 2 and so on

TotalRLDCTotal

Sd/-

Petitioner

Distribution of loan packages to various transmission elements

Loan allocation for all the loans audited upto 31.3.2005 will be submitted Shortly

FORM- 8Details of Allocation of corporate loans to various transmission elements



Part - IIIFORM- 10




:

Date of Commercial Operation

: 1/8/2005

(Rupees in lacs)

Financial Year (Starting from COD)

Expenditure made / yet to be made after COD

From COD to till 31.03.2005

1 2 3 4 5 6 7 8 9 10 11

Amount capitalised in Work/Equipment

1342.02

Financing DetailsLoan-1Loan-2Loan-3 and so onTotal Loan

EquityInternal ResourcesOthers

Total 1342.02

Sd/-Petitioner

Financing of Additional Capitalisation/Estimated Additional Capital Expenditure


Actual Admitted


Part - IIIFORM- 11




(Rupees in lacs)Financial Year Upto

2000-0112001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09

1 2 3 4 5 6 7 8 9 10

Depreciation on Capital Cost As on01.08.2005 (DOCO) 443.84 665.76 665.76 665.76

Depreciation on Additional CapitalisationAmount of Additional CapitalisationDepreciation AmountDetail of FERVAmount of FERV on which depreciation charged (capitalised on 1.4.2004) during the yearCummu. Amount of FERV on which depreciation chargedDepreciation amount

Depreciation recovered during the Year 443.84 665.76 665.76 665.76Advance against Depreciation recovered during the Year 183.52 324.36 789.36Depreciation & Advance against Depreciation recovered during the year 443.84 849.28 990.12 1455.12Cumulative Depreciation & Advance against Depreciation recovered upto the year 443.84 1293.12 2283.24 3738.36

Sd/-Petitioner

Statement of Depreciation



Part - IIIFORM- 12




(Rupees in lacs)

Sl. no.

Name of the Assets

Gross Block as on 01.08.2005 (DOCO)

Depreciation Rates as per

CERC's Depreciation

Rate Schedule

Depreciation Amount

12 3 4= Col.2 X Col.3

1 Land 441.462 Building and Civil Works 957.02 1.80% 17.233 Sub station 5280.84 3.60% 190.114 T/L 17604.10 2.57% 452.435 PLCC 99.97 6.00% 6.00

TOTAL 24383.39 665.76Weighted Average Depreciation Rate (%) 2.73%

Sd/-Petitioner

Calculation of Depreciation Rate



Part - IIIFORM- 13

Sl. no.

Particulars 2004-05 2005-06 (Pro Rata)

2006-07 2007-08 2008-09

1 2 5 6 7 81 BOND IX

Gross loan - Opening 112.00 112.00 112.00 112.00Cumulative repayments of Loans upto previous year/DOCO 22.40 33.60 44.80 56.00

Net loan - Opening 89.60 78.40 67.20 56.00Add: Drawal(s) during the YearLess: Repayment (s) of Loans during the year 11.20 11.20 11.20 11.20Net loan - Closing 78.40 67.20 56.00 44.80Average Net Loan 84.00 72.80 61.60 50.40Rate of Interest on Loan 12.25% 12.25% 12.25% 12.25%Interest on loan 6.86 8.92 7.55 6.17

2 BOND XGross loan - Opening 1066.00 1066.00 1066.00 1066.00Cumulative repayments of Loans upto previous year/DOCO

177.67 177.67 266.50 355.33

Net loan - Opening 888.33 888.33 799.50 710.67Add: Drawal(s) during the YearLess: Repayment (s) of Loans during the year 88.83 88.83 88.83Net loan - Closing 888.33 799.50 710.67 621.83Average Net Loan 888.33 843.92 755.08 666.25Rate of Interest on Loan 10.90% 10.90% 10.90% 10.90%Interest on loan 64.55 91.99 82.30 72.62

3 BOND XI Option - IGross loan - Opening 1052.00 1052.00 1052.00 1052.00Cumulative repayments of Loans upto previous year/DOCO

87.67 175.33 263.00


4 PNB-IIGross loan - Opening 581.00 581.00 581.00 581.00Cumulative repayments of Loans upto previous year/DOCO

48.42 96.83 145.25 193.67


5 OBCGross loan - Opening 484.00 484.00 484.00 484.00Cumulative repayments of Loans upto previous year/DOCO

40.33 80.67 121.00 161.33


6 BOND XIIGross loan - Opening 1874.00 1874.00 1874.00 1874.00Cumulative repayments of Loans upto previous year/DOCO 156.17 312.33 468.50


(Rupees in lacs)

Name of the Transmission Element 400 KV SUB STATION AT THIRUVANANTHAPURAM AND 400 KV D/C MADURAI-THIRUVANANTHAPURAM TRANSMISSION LINE

Calculation of Weighted Average Rate of Interest on Actual Loans




FORM- 13

Sl. no.

Particulars 2004-05 2005-06 (Pro Rata)

2006-07 2007-08 2008-09

1 2 5 6 7 8

(Rupees in lacs)


Calculation of Weighted Average Rate of Interest on Actual Loans



7 BOND XIII Option-IGross loan - Opening 5000.00 5000.00 5000.00 5000.00Cumulative repayments of Loans upto previous year/DOCO

416.67 833.33

Net loan - Opening 5000.00 5000.00 4583.33 4166.67Add: Drawal(s) during the YearLess: Repayment (s) of Loans during the year 416.67 416.67 416.67Net loan - Closing 5000.00 4583.33 4166.67 3750.00Average Net Loan 5000.00 4791.67 4375.00 3958.33Rate of Interest on Loan 8.63% 8.63% 8.63% 8.63%Interest on loan 287.67 413.52 377.56 341.60

8 BOND XVGross loan - Opening 1690.00 1690.00 1690.00 1690.00Cumulative repayments of Loans upto previous year/DOCO

140.83

Net loan - Opening 1690.00 1690.00 1690.00 1549.17Add: Drawal(s) during the YearLess: Repayment (s) of Loans during the year 140.83 140.83Net loan - Closing 1690.00 1690.00 1549.17 1408.33Average Net Loan 1690.00 1690.00 1619.58 1478.75Rate of Interest on Loan 6.68% 6.68% 6.68% 6.68%Interest on loan 75.26 112.89 108.19 98.78

9 BOND XVIGross loan - Opening 4650.00 4650.00 4650.00 4650.00Cumulative repayments of Loans upto previous year/DOCONet loan - Opening 4650.00 4650.00 4650.00 4650.00Add: Drawal(s) during the YearLess: Repayment (s) of Loans during the year 465.00Net loan - Closing 4650.00 4650.00 4650.00 4185.00Average Net Loan 4650.00 4650.00 4650.00 4417.50Rate of Interest on Loan 7.10% 7.10% 7.10% 7.10%Interest on loan 220.10 330.15 330.15 313.64

10 BRIDGE FINANCING FROM IOB (REPLACED WITH BOND XVII ON 22-09-2005) Gross loan - Opening 1000.00Cumulative repayments of Loans upto previous year/DOCONet loan - Opening 1000.00Add: Drawal(s) during the YearLess: Repayment (s) of Loans during the yearNet loan - Closing 1000.00Average Net Loan 1000.00Rate of Interest on Loan 5.90%Interest on loan (From 01.08.2005 to 21.09.2005) 8.41

11 BOND XVII ( Replacement of Bridge Financing from IOB ON 22-09-2005)Gross loan - Opening 1000.00 1000.00 1000.00 1000.00Cumulative repayments of Loans upto previous year/DOCONet loan - Opening 1000.00 1000.00 1000.00 1000.00Add: Drawal(s) during the YearLess: Repayment (s) of Loans during the yearNet loan - Closing 1000.00 1000.00 1000.00 1000.00Average Net Loan 1000.00 1000.00 1000.00 1000.00Rate of Interest on Loan 7.39% 7.39% 7.39% 7.39%Interest on loan 38.67 73.90 73.90 73.90

Gross loan - Opening 17509.00 17509.00 17509.00 17509.00Cumulative repayments of Loans upto previous year/DOCO 288.82 632.60 1481.88 2472.00

Net loan - Opening 17220.18 16876.40 16027.12 15037.00Add: Drawal(s) during the YearLess: Repayment (s) of Loans during the year 343.78 849.28 990.12 1455.12Net loan - Closing 16876.40 16027.12 15037.00 13581.88Average Net Loan 17048.29 16451.76 15532.06 14309.44Interest on loan 936.95 1353.14 1270.05 1165.75Weighted average Rate of Interest on Loans 8.24% 8.22% 8.18% 8.15%

- Proof of Interest Rate is Annexed.

Sd/-Petitioner


Part - IIIFORM- 13A

Name of the Company :Name of the Project :Name of the Transmission Element :

Particulars 2004-05 2005-06 2006-07 2007-08 2008-09

1 2 4 5 6 7Gross loan - Opening 17509.00 17509.00 17509.00 17509.00Cumulative repayments of Loans upto previous year/DOCO

288.82 632.60 1481.88 2472.00

Net loan - Opening 17220.18 16876.40 16027.12 15037.00Increase/Decrease due to ACE during the YearRepayments of Loans during the year 343.78 849.28 990.12 1455.12Net loan - Closing 16876.40 16027.12 15037.00 13581.88Average Net Loan 17048.29 16451.76 15532.06 14309.44Interest on loan 936.95 1353.14 1270.05 1165.75Weighted average Rate of Interest on Loans 8.24% 8.22% 8.18% 8.15%

Sd/-Petitioner

(Rupees in lacs)

Calculation of Interest on LoansPower Grid Corporation of India Limited400 KV SUB STATION AT THIRUVANANTHAPURAM AND 400 KV D/C MADURAI-THIRUVANANTHAPURAM TRANSMISSION LINE


Part - III

Name of the Company :



DOCOName of Region : SOUTHERN

(Rupees in lacs)

Particulars 2004-05 2005-06 2006-07 2007-08 2008-09

1 2 4 5 6 71/10th of the Loan(s) 1750.90 1750.90 1750.90 1750.90Repayment of the Loan(s) as considered for working outInterest on Loan

343.78 849.28 990.12 1455.12

Minimum of the Above 343.78 849.28 990.12 1455.12Less:Depreciation during the year 443.84 665.76 665.76 665.76

(A1) 183.52 324.36 789.36Cumulative Repayment of the Loan(s) as considered forworking out Interest on Loan

288.82 632.60 1481.88 2472.00 3927.12

Less: Cumulative Depreciation 443.84 1109.60 1775.36 2441.12(B1) 288.82 188.76 372.28 696.64 1486.00

Advance Against Depreciation (Minimum of A & B) 183.52 324.36 789.36

Sd/-


1/8/2005

Petitioner

FORM- 14Calculation of Advance Against Depreciation (AAD)




FORM- 15

Sl. No.

ParticularsExisting 2004-05

2005-06 2006-07 2007-08 2008-09

1 2 3 5 6 7 8

1 O & M expenses 37.75 39.28 40.82 42.482 Maintenance Spares 243.83 253.59 268.80 284.933 Recievables 596.10 621.66 634.86 699.73

Total Working Capital 877.68 914.53 944.48 1027.14Rate of Interest 10.25% 10.25% 10.25% 10.25%Interest on Working Capital 89.96 93.74 96.81 105.28

Maintenance spares calculation As on1.08.2005

Historical cost as on 01.08.2005 24383.391% of cost 243.83 253.59 268.80 284.93

6% escalation per annum 243.83 253.59 268.80 284.93

Proof for IWC Interest Rate of 10.25% is annexed

Sd/-Petitioner

(Rupees in lacs)

2004-05 2005-06 06-07 07-08 08-09


Calculation of Interest on Working Capital Name of the Company Power Grid Corporation of India Limited



Part - IIIName of theTransmission Licensee : Power Grid Corporation of India Limited FORM- 16

Draw DownParticulars Quantum in

Foreign currency

Exchange Rate on draw down date

Amount in Indian Rupee

Quantum in Foreign currency






1 Loans1.1 Foreign Loans

1.2 Indian Loans

1.2.1 BOND IX 112.00Draw down Amount IDCFinancing charges

1.2.2 BOND X 1066.00Draw down Amount IDCFinancing charges

1.2.3 BOND XI Option - I 1052.00Draw down Amount IDCFinancing charges

1.2.4 PNB-II 581.00Draw down Amount IDCFinancing charges

1.2.5 OBC 484.00Draw down Amount IDCFinancing charges

1.2.6 BOND XII 1874.00Draw down Amount IDCFinancing charges

1.2.7 BOND XIII Option-I 5000.00Draw down Amount IDCFinancing charges

1.2.8 BOND XV 1690.00Draw down Amount IDCFinancing charges

1.2.9 BOND XVI 4650.00Draw down Amount IDCFinancing charges

NIL

Draw Down Schedule for Calculation of IDC & Financing Charges(Rupees in lacs)

Sl. No.

Quarter 1 Quarter 2 Quarter On (COD)




Part - IIIName of theTransmission Licensee : Power Grid Corporation of India Limited FORM- 16

Draw DownParticulars Quantum in

Foreign currency









Draw Down Schedule for Calculation of IDC & Financing Charges(Rupees in lacs)

Sl. No.

Quarter 1 Quarter 2 Quarter On (COD)



1.2.10

BRIDGE FINANCING FROM IOB (REPLACED WITH BOND XVII ON 22-09-2005) 1000.00Draw down Amount IDCFinancing charges

1.2.11

BOND XVII ( Replacement of Bridge Financing from IOB ON 22-09-2005) 1000.00Draw down Amount IDCFinancing charges

2.0 Total of Loans drawn 17509.00 IDCFinancing chargesEquity

Foreign equity drawn

Indian equity drawn 6874.39

Total equity deployed 6874.39

Sd/-Petitioner

The project has been funded through domestic loans. Domestic loans have been allocated from the common pool based on the phasingof expenditure and IDC has been booked accordingly. As the loans are allocated from common pool, quarter wise drawl is not furnished.


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