Audited Project Financial Statements

The audited project financial statements are documents owned by the borrower. The views expressed herein do not necessarily represent those of ADB’s Board of Directors, Management, or staff. These documents are made publicly available in accordance with ADB’s Access to Information Policy and as agreed between ADB and the Assam Power Distribution Company Limited.

PUBLIC: This information is being disclosed to the public in accordance with ADB's Access to Information Policy.

Project Number: 41614-036 Loan/Grant Number: 3200 Period covered: 1 April 2019 to 31 March 2020

India: Assam Power Sector Enhancement Investment Program – Tranche 4

Prepared by

Assam Power Distribution Company Limited

For the Asian Development Bank Date accepted by ADB: 11 December 2020

"fi

Assam Power Sector lnvestmentPro$ram (Tranche'4 )

assam Power llislri[uti0n c0mpany

I,iMiIEdIAPD[I,I

4th Froor

uBij

ureet',

IilH?lTI Bazar

Audited Project Financial

StatementsFor the Financial Year

2019-20

ANrAY Filezarure & Co' G.N.B. ROAD, SILPUKHURI

GUWAHATI.781 OO3

Phone/Fax : 91-361-2667 685HARTER.ED AccouNraNrs

S*ro"H^ro**o&C". G.N.B. ROAD, SiLPUKHURIGUWAHATI - 781 OO3

Phone/Fax : 9 I - 36L -2662 685inf@sanj ayhazarikaandco. comwww. sanjayh azarikaandco. corn

C m eRa'nrtpp,A(--cr I n-lvl.,q x.l-s

lndependent Auditor,s Report

To

Project Director

T,11.A""1f Poyer Sector Enhancement lnvestment program4"' Floor BijuleeBhawan,paltan BazarGuwahati, Assam 781001

Report on the Proiect Financial Statements

lJrsoursemenr ano retaleo notes tor the financial year ended as on 31 .03.2020. . q ,,,

Manaoement's Responsibilitv for the proiect Financial statements f\ L\U

I[ i::Tf.,Y1l1?"-L"']ll:J^::p":'r3l:j":,j9l,l?p-11!:l-"j-tn"s:.opr"(@,/At#.rhat sive a

*"::.1j,i:ij,."I :l^tl"" fli:Tl1 q91it1on, financiar'99rror1nance 91tQt]tfuEXffi;;j;ii;'#;ili;design, relevant to the preparation and presentation oi tn" fin;pciarfi1e$f,ilif"i ;*";il;;;;i;ilr;,;

and are free from material misstatement, whether due to

We have audited the accompanying financial statements of The Assam power Sector Enhancementlnvestment Program, financed by the Asian Development Bank (ADB)under Loan No. 3200,Tranche-4 asimplemented by Assam Power Distribution company Ltd (APDCL) which comprises of the statement ofReceipt and Payments, the Statement of Expenditrr" by Category and Financier,the Statement ofDisbursement and related notes for the financial year ended as on 31 .03.2020. . q ,,,

and are free from materiat misstatement, whether due tofqld F\I& >-

Auditor's Responsibititv . =t t X|}"

our.responsibility is to expresla.{9e{At oL t#ese Project financiat statements based on our audit. weconducted our audit in

?sto6grftqfidli6-erstinoaros on Auotting fromutgated by the tcAt & the comptroler

::1fldlPl ^9:4fliltk{a}os6 sTandards require that *" colrfly with ethicat requirements and ptan and

p!rf9r1n the aufiiildpdfloledsonabte assurance about whether the financiat statements "r";;; tr"r",il."l"ril,misstatement.

An audjt involves performing procedures to obtain audit evidence about the amounts and the disclosures in theprojectfinancial statements. The procedures selected depend on the auditor's judgment, including theassessment of the risks of material misstatement of the financial statements, whethei oue to fraud or error. lnmaking those risk assessments, the auditor considers internal financial control relevant to the Agency,spreparation and fair presentation of the financial statements in order to design audit procedures that areappropriate in the circumstances, but not for the purpose of expressing an opini6n on the effectiveness of theentity internal control. An audit also includes evaluating the approprialeness of the accounting policies usedand the reasonableness of the accounting estimates made by the management, as well as evaluating theoverall presentation of the financial statements"

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ouraudit opinion on the standalone financial statements.

Opinion

ln our opinion and to the best of our information and according to the explanations given to us, the aforesaidproject financial statements give the information required and give a true and fair view in conformity with therelevant Accounting Standard issued by GASAB (Government Accounting Standards Advisory Board) of Govtof lndia ,

a) ln case of Receipts and Payments of the project, thesources and application of funds of the projectforthe financial year ended on 31"'March 2020

b) ln case of Statement of Expenditure, of the expenditure incurred on the project for the year ended onthat date.

c) ln case of Statement of disbursement, the disbursements made by ADB for the financial year endedon 31"tMarch 2020

We also report that:

(a) we have obtained all the information and explanations which to the best ofwere necessary for the purposes of our examination.

and belief

't1t20t2020

, reasonable books and records

of even date annexed.,

httpsJ/udin. icai.org/print-udin I 1 497 697 2

G,N.B. ROAD, SILPUKHURIGUWAHATI - 781 OO3

Phone/ Fax : 9l-361-2667685inf@)sanj ayhazarikaandco. comwww. sanjayhazarikaandco. com

pefiaining to ADB loan no. 320O(agreement dated 20rH

far as it appears from our examination of those books

that although

on this project

S*ro" &C..CHARTERED.A,C( )I.]NTT,A,NTS

(b) ln our

Feb,

and

This report is i

of lndia for bei

As per our

For,

Sanjay Haza

Chartered

FRN : 31

T . Baru

Partner

M. No.: 05564

1/.

15) have been kept by the Agency so

(c) of the loan have been utilised for the purpose as per ADB loan agreement(d) Fina covenants in the loan agreement have been complied with except the following

Clause no 6 of schedule 5 of loan Agreement the state shall cause APDCL to ensure that its

aver accounts receivablesdo not exceed 120 days, as on March 31'tannually. But as per the data

and i Lation provided by management we have worked out the accounts Receivable rations and

the accounts receivable ratio on 31't March 2OL7 is 124.found

be noted that these ratios has no financial implication on this project financialcomputation of these ratios are given in the Addendum I to this Audit Report.

-For 2.09 of the project Agreement separate Accounts and records for the prolect has to bemaintainedaccount been opened for each loan account .The fund received are deposited in the bankaccount of L and the expenditures are made from the DDO(Drawing and Di

and the required for making the payments are transferred fromconcerned account based on the requisition made by the DDO..I

separatefinancial

account is not maintained for each loan account it

It isstatement.

Ptrate the audit observations in the report of CAG

Assam Power Distribution Companv LimitedlAPDCLl

Assam Power Sector Enhancement lnvestment Prosram (Tranche-4)

Loan/Grant No.3200'lND

STATEMENT OF RECEIPTS AND PAYMENTS

REPORT FOR THE YEAR ENDED 31 MATCh 2O2O

Notes 1 to 13 ofthe financial statements form an integral part ofthese financial statements

in (lNR) '000

For,

Assam Power Sector Enhanccment lnvestment Program (Tranche-4)Sanjay Hazarika & Co.

Chartered

FRN:312075E

,

*'b'd;' gh iGn, G uwatratFl

Particula rs

Note

Current Year previous vear I

Cumulative Project to

date

Opening balance (A)

Receipts

Funds received from Government

ADB Loan

Total Receipts (B)

Total(C=A+B)

Payments

lnvestment Costs

Civil Works

Equipment & Materials

Project implementation consultants

Taxes and duties

subtotal (D)

Other Costs

Land & preparatory work

Environmental & social mitigation

lProiect manasement and construction

83,140

4

6

150,000

516,999

200,400

1-,990,467

3s0,400

2,507,466

666,999 2,r90,867 2,857,866

750,139 2,L90,867 2,857,866

11

5,029

574,737

2,868

L89,799

7,979,820

70,647

108.558

5,O29

2,433,957

73,5L5

298,357

7LL,827 2,099,025 2,810,852

1,264

8,518

L84

8,518

7,448

subtotal (E)

Total Pavments (F=D+E)

1,264 8,702 9,966

713,091 2,107,727 2,820,818

:inancing Charges During lmplementation (G) 8

total Project Cost [H=F+Gl

3losing Balance [C -H]

713,091 2,L07,727 2,820,818

4 37,048 83,140 37,048

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d

Loan/Grant No.3200-lND

Statement of Dlsbursement

method are given below in INR'000

Statement of Dlsbursement Note Current Year Prior Year

Cumulative

Prolect to Date

\DB Fund claimed during the year

)irect Payment method of disbursement

subtotal (A)

fotal Expenditure made during the year (B)

Less:

-Expenditure not yet claimed (c )

-Borrower's share (D)

fotal Eligible Expenditure Claimed (B-C-D=E=A)

6.1 4-70,236 2,037,230 2,507,466

470,236 2,037,230 2,507,466

556,328

796.O92

2,r54,490

771.260

2,820,818

470,236 2,037,230 2,507,455

Notes 1 to 13 of the financial statements form an integral part of these financial statements

Note:

The above statement of disbursement is prepared based on the expenditure recognition criteria specified in the ADB Disbursement Handbook. All eligible

claims raised by APDCL (the EA) within the accounting period (year ended 31 March 2020) has been included in the above statement and therefore 'Payments' as

per Annexure 1 (which is based on actual payment/disbursement made) will not match with this statement.

For.

Assam Power Sector Enhancement lnvestment Program [Tranche-4)

A#;iffiHDilt i-b.ti"t comdenY Ltd' -*"iiilh..st.wan,

G udr rtl'l

Sanjay

rNorA/AssAM

Assam Power Distribution Company timitedIAPDctl

Assam PowerSector lnvestment Program (Tranche4)

ADB LOAN REFERENCE: 3200-lND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2020

1. Background

The project is under the externally aided project (EAP) scheme of the Department of Economic Affairs (DEA), Ministry of finance, Government

of tndia(GOt).Multilateral lnstitutionsDivisionof DEAplaystheroleforaccessingthefundsfrommultilateral financial institutions likeAsian

Development Bank (ADB). The Aid, Accounts and Audit Division (AAAD) in the Department is responsible for implementing the financial

covenants laid down in the agreement(s) executed by the DEA and the external funding agencies. This external development assistance from

ADB is received by the Government of lndia on behalf of the State Government of Assam for State sector projects/programmes to be

implemented bv the State Government.

Project Nature and Activities:

The project aims to assist in increased distribution capacity, distribution loss reduction and capacity enhancement for improvement of power

distribution network in the State of Assam.

proiect Oescription: Construction of 33KV and 11KV distribution line and associated 33/11 new sub-stations, capacity addition of existing sub-

stations in Assam for strengthening of distribution system. Commencement date is 12 May 2015 and the loan closing date is 30 June 2019'

The Project shall comprise the following:

Output 1: Enhanced capacity of distribution system including:

(a) augmentation of 9 transformers with capacity addition of 22 MVA;

(b) construction of 20 new 33/11 kV substations with total capacity of 200 MVA;

(c) construction of 730 km of 11 kv lines and 477 km ol 33 kv lines (378.32 km for connecting new substations and 98.8 km for system

strengthening); and

(d) construction of 13 new 33 kV and 11 kV railway and river crossings; 15 new 33 kV terminal bays and 31 km of 11 kV aerlal bunch

conductors.

Output 2: lmproved technology of operations and maintenance including:

(a) introduction of quick response operations and maintenance system by procuring 39 units of well-equipped maintenance and testing

equipment mounted vehicles as well as the 2 new mobile emergency restoration units, and;

(b) installation of 85oo units of information technology (lT) modules for high tension (HT) consumers

Legal Framework and Proiect Operation

Government of Assam (GoA), is to act as an oversight body to support policy and budgetary related matters, and interact with central

Government agencies in relation to the implementation of the project. The overall responsibility for the project implementation lies on the

Executing Agency (EA), Assam power Development company Limited (APDCL). A proiect agreement dated 20 February 2015 was entered

between Asian Development Bank (ADB) on the one hand and the State ofAssam (State) and APDCLon the other hand.

By a framework financing agreement dated 15 September 2009 between the Government of lndia (GOl) and Asian Development Bank (ADB),

ADB has agreed to provide a multitranche financing facitity to GOI for purposes of financing proiects under the Assam Power Sector

Enhancement lnvestment protram. By a periodic financing request dated 25 September 2014 submitted by GOl, a loan has been applied to

ADB to finance this project.

The project is carried out by the State of Assam ("State") and APDCL, and for this purpose GOI would make available to the State and through

the State to APDCL, the proceeds of the Loan provided for upon terms and conditions mutually satisfactory to ADB and GOI and set forth in

the Loan Agreement and in the Project ASreement of even date between ADB, the state and APDCL

Project Cost and Management

The total cost of the project is estimated at USD 68.17 million. The following table shows the lnvestment Plan of the Project whlch is under

Tranche 4

1.3

1.4

s. No. ltem

1 Enhanced capacity of distribution system

2 lmproved technology of operations and maintenance system

3 Contingencies

4 Financing charges during implementation

The pro.iect is being financed as under :

S. No. ltem

1 Asian Development Bank (ADB)

2 Government of Assam (GOA)

Amount (USD

million)

5 1.66

9.74

5,84

0.93

68.L7

Amount (USD Y"Shate

million)

50.20 74

17.97 26

68.t7 100

-m*$lr;xu*;;$Pt.LffiH'effiffi' Gumhethl

rNDIA/ASSAM

Assam Power Distribution Company timitedIAPDCLI

Assam Power Sector lnvestment Program (Tranche-4)

ADB IOAN REFERENCE: 3200-lND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MATCh 2O2O

1.5 Details of Loan from ADB

ADB is financing the supply, erection and commissionint of equipment and associated civil works, consulting services, and contingencies as

Milestones

Approval Date :

Signing Date :

Effectivity Date :

Closing Date :

Loan Terms :

Tuesday, Novembe( 25, Z0L4

Friday, February 20, 2015

Tuesday, May 12, 2015

Sunday, June 30, 2019

25 years including a grace period of 5 years. Repayment will commence from 1 May 2020 and will be paid by GOI

Retroactive Financing Date : ThursdaY, February 20, 2014

Retroactive Financing Amount I I 10,040,000

lnterest Type & Rate : LIBOR based. A commitment charge of 0.15% per year

Department of Expenditure (DoE), Ministry of Finance vide their Office Memorandum No. 54 (l), PF-|IEAP Policy/2015-16 dated 14 October 2016

has directed that the grant-loan ratio on Iending arrangements for loans taken by North Eastern and Himalayan States for Externally Aided Projects

would be 90:10 i.e. 90% ofthe loan is repaid by the Gol and 10% ofthe loan repayment liabilitY is borne by the state Governments with respect of

the 74% of the pro.iect cost. The balance 26% will be the counterpart funding by the States as per the extant guidelines of DEA (Ml Division) issued

vide circular no. 04/0L/2071- FB-ll dated 1 December 2011.

2. STATEMENTOFCOMPTIANCE

The project financial statements are prepared to reflect the financial transactions of the proiect in compliance with the standards / guidelines

approved by the Government of lndia and the relevant para8raphs of the Loan Agreement Loan No. 3200-lND.

Under section 2.09 (b) of the project Agreement, ADB shall disclose the financial statements for the project along with the auditor's opinion on

ADB's website.

3, SIGNIFICANTACCOUNTINGPOLICIES

3.1 Project Financial Statements

This comprises of the Statement of Receipts and Payments for the Project, the Statements of Expenditure by Category and Financier, the Statement

of Disbursement and related notes and appendices to the financial statements.

3.2 Basis of measurement

This project Financial statements have been prepared under the historical cost convention and on cash basis of accounting.

3.3 changes in Accounting policies

There are no changes in accountlng policies.

3.4 Expenses

Expenses incurred on the project are recognized on the cash basis of accountin8, i.e. when the relevant cash is paid, The expenses are recognized in

the statement of receipts and payments under the caption "payments". Additionally, the Project expenses are disclosed in the statement of uses of

funds by Project actlvities.

3.5 Fund Flow mechanism

Funds for the financial assistance from ADB and Counterpart funding is generally released by GOA on the basis of yearly budget submitted by APDCL

for each project. The disbursement method of ADB in this Loan (No. 32OO-lND) is "Direct Payment". Payments are made by ADB to the contractors

directly for eligible expenditure. counterpart Fund received from GoA in the framework of the Loan Agreement No. 3200-lND is recorded in the

statement of receipts and payments as "receipts" and is recotnized at each replenishment'

3.6 Cash and cash equivalents

Government funds are received annually to meet the forecasted expenditure and is received in the Principal Account of the company. Eank

accounts are controlled by the EA. No separate bank accounts are maintained for the Proiect.

Chlst Prcfr{:lMsnagorPropct lmplornonrdtion Unit (EAP)

A$tm Porrer Distribution Compaay Ltd

Bllulee Bhauran, Guvrahati- 1

INDIA/ASSAM

Assam Power Distribution Company Limited[APDCL]

Assam Power Sector lnvestment Prosram (Tranche-4)

ADB IOAN REFERENCE: 3200-lND

NOTES TO THE FINANCIAL STATEMENTS fOR THE YEAR ENDED 31 March 2020

3.7 lncome

lncome hasn't been generated from this project, as the project is still not completed

3.8 Accrued and other liabilities

Liability on account of retention money due to contractors have not been accrued under the cash basis policy and has been disclosed in Note

L2.

3,9 Advances

Mobilisation advance is paid to contractors to finance eligible expenditures and are recovered through adjustments from invoices raised for

goods delivered/services rendered, as per the terms ofthe contract. Such payments are included in the Statement of Expenditure,

3.10 Foreign currency transactions and translation

Items included in the financial statements of the Project are measured using the currency of the prlmary economic environment in which the

entity operates (the functional currency), which is the lndian Rupee (lNR),

Claim applications to ADB for foreign currency denominated transactions as per underlying contracts are converted at the rates prevailing at

the date of transaction. The actual fund released by AAAD is recorded in the Receipt and Payments Account in lNR. Difference between the

actual fund received and the recorded transactlon amount being on account of exchange rate differences are disclosed in Note 9.

lnterest Expense and Financial Charges

lnterest and financial charges are not accounted for in these project accounts, and are paid by the Central Government directly to ADB, Refer

noteT&8below.

Funds Received from the Government

3.11

/NR

Current Yeor

2019-20

Prior Yeor

Till 2018-19

Cumulotive Yeor to dote

150.000

200,400 200,400

1 s0.ooo

1s0.000 200.400 350,400

Notes :

1. Governemnt Counterpart funding represents fund released from GOA against project wise budget submitted by APDCL as per the terms of

the Loan Agreement.

2. ln order to meet the committed expenses of the Pro.iect (out of counterpart funding), funds have been diverted from Loan 2800 to meet

temoorarv shortfall. The fund would be reolenished once the next tranche of monev is received from GOA for this oroiect.

Closing balance of fund

Current Yeor

2019-20

Prior Yeor

2018-19

Cumulotive Yeor to dote

(46,092) 83,140 37,048

(46,0921 83.140 37,O48

Project lmplementatlon

The Pro.iect activity started in the year 2015-16. The process of inviting tender, evaluation and awarding of contracts of various packages were

completed in the years 2015-16 and 2015-17. Construction of new 33/11 KV sub stations, construction of 33 & 11 KV lines & 33 KV Terminal

Bay, Crossings for Railway & River were awarded to M/S NECCON POWER & INFRA LTD in three lots under one package and the progress is

96% (approx) as on 31-03-2020. Augmentation and R&M of 33/11 KV sub-stations, Construction of New 33KV and 11KV lines for and new 11

KV lines with AB Cable system strengthening was awarded to M/S T&T Projects ltd and progress is 91% (approx) as on 31-03-2020. Supply of

Mobile Testing Vehicles for T&C Sub-divisions and Mobile Maintenence vehicles for Sub-divisions was awarded to M/S Hi-Tech Corporation Ltd

and the work has been completed. Supply ofTrailer Mounted 33/KV sub-station for emergency restoration of power was awarded to lV of

M/S Win Power & lnfra PW. ttd. and M/5 ShandongTaikai Oisconnector Company, China and the work is 100% complete as on 31-03-2020.

Supply and installation of intelligent Modems, Testing, lntegration with existing MBC system currently installed in APDCL Data Centre and

commissioning in different towns under 19 circles of APDCL was awarded to M/S Tata Consultancy Services ltd and the work is 100% complete

as on 31.03-2020. Supply ofvarious Sub-station equipments to different central stores under APDCL was awarded in 3 lots toM/5 Tesla

Transformers, M/S CG power & lndustrial Solutions Ltd and JV of M/S Hl Tech Corporation Ltd and M/5 ABN Tower Corporation and the work

was 1OO% complete as on 31-03-2020. All these contracts are turnkey in nature.The Proiect Management Consultancy services awarded to

SMEC was extended upto 31-12-2018 and the consultant has provided the services for the entire period of Contract. The remainlng activities

after sceduled loan closing date are already ln progress and shall be completetd very soon. The financial involvment if any for the unclaimed

amount against the works executed after the scheduled loan closing date shall be borne from own resources.

Government Counterpart funding

Fund diverted from Loan 2800

Total

Government Counterpart fund

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E

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Assam Power Distribution Companv LimitedlAPDCLl

Assam Power Sector Enhancement lnvestment Program (Tranche-4l

Loan/Grant No.3200-l ND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March, 2020

6.1 Funds claimed from ADB using Direct Payment Method

WA-66

WA-67

WA-68

WA.69

WA-70

WA-71

wA-72

WA.73

WA.74

WA-75

WA.76

wA-77

WA.78

WA-79

WA.8O

WA.81

WA.82

WA-83

WA-84

WA-85

WA.86

WA-87

Sub Total - A

Amount

13,105,000

10,462,000

17,351,000

10,034,000

1,071,000

25,827

13,093,000

85,796,000

97,576

24,774,000

26,230,000

258,301

7,928,000

72,505,000

286,602

s1,305,000

8,269,000

9,707,000

222,785

177,156

40,124,000

1,535,000

Amount (lNR)

'000s

13,105

70,462

L7,35t

10,034

L,077

1,797

13,093

86,796

6,728

24,714

26,230

18,308

7,928

72,505

20,664

51,306

8,269

9,707

15,853

L2,656

40,124

1,535

13,105

t0,452

17,357

10,034

13,093

85,796

6,728

24,774

26,230

18,308

7,928

72,505

20,664

51,305

8,269

9,707

15,853

12,656

40,724

1,535

Project Equipment

lmplementation,Erection and

Consultant lnstallationWithdrawal Application (WA) lD Date of claim Currency

A. Disbursed in 2019-20

04104/2019 rNR

26104/2079 tNR

2olos/2019 rNR

20l0s/2019 rNR

30/0s/2019 tNR

3ol0s/2019 AUD

30/0s/2019 rNR

14106/2019 rNR

20106/20t9 usD

1sl06/2019 rNR

0610712019 rNR

t8107/2019 USD

25107/2079|NR

3ol07l2019 rNR

24/0812079 USD

16/09/2019 rNR

12109/2019 INR

20109/2019 rNR

26/09/20t9 USD

30/09/2019 USD

14110/2019 rNR

23110/2019 INR

Withdrawal Application (WA) lD

WA-63

WA.64

WA.65

Sub Total D

Date of claim Currency

12103/2019 INR

12103/2019 rNR

2sl03/2019 tNR

Fund disbursed by ADB in the current year (A+D)

B. Not Yet Disbursed (under process as at 31 March 2020)

Sub Total - B

1s1s1 g=(A+B)

Funds claimed from ADB in earlier years and disbursed in the current year

Amount (lNR)

9,2s7,000

24,629,000

72,877,000

470,236

9,257

24,629

12

516,999

2,868

9,257

24,629

12,877

514,131

&/chrerFroiectTffilwt"

"'J?ffi#S.mYtumhs&1B[ubcBhdtan' t

9 For€itn axchant€ fluctuatlon

disbu6ement reco.d. of AAA0), on..count of foreign currency uanslation.

10 Reconclll.tlon b.tw€.n th..mount3 re.lv€d by ApDCL.nd .cknowlcdg.d by AOB through tFlS

ilithdr.w:l Applic.tion (WA) lo\mount rrcclved ln INR a5

NR Jso/auo

Uara8c

rtc

rot.l Equiv.l.

NR

wa-53

WA.67

wA-80

9,257,000

24,629,0m

!2,477,W13,105,m

10,462,000

17,351,m

10,034,m

1,071,m

L191,m13,093,m

86,796,m

6,728,m24,714,W

25,230,m

18,308,m

7,928,m72,50S,m

20,654,000

51,306,m

8,269,m9,707,m

15,853,000

12,656,m

40,124,m1,535,m

o2/o412019

LOlo4l2Or9

03/0s/2019

1s/0s/2019

tolo6/2019

to/o612019

B/0612019

!a/o5/2019

11 /o6/20ta02lo7 /2019

02/o7 12019

toloT /2019

26lO7l2Ot9

t2/o8/2O!9

t610812019

20lO8/2O19

06109120t9

B/r0120L9

101o9/2019

t!/1o/2019

t7 l10/201921/1O/2OL9

08/tu?ots

9,256,664

24,624,424

12,477,41O

13,104,658

10,462,140

17,350,681

10,034,398

1,07r,114

13,092,502

86,795,613

24,714,t56

26,230,167

i,izi,sit72,504,699

51,305,576

8,269,332

9,707,246

40,124,473

25,82:

97,575.6:

258,3m.6:

286,502.21

222,145_31

777,136.3,

47.8133

69.@01

71.1070

71.9455

70 8299

7 | 3796

1,234,474

6,732,731

18,365,984

20,619,738.58

15,7 37,366

12,645,351

33(

tlt.41(

34i

-14(

,39t

,11r

562.121

491

12)

.15(

,16;

-58,98r

431

30:

44,26',.

42t

-33:

-28(

115,63r

10,64!

-41:

51 @,99?,161 LO67,U' 75,337,04! 669,54t

11 lnvertm€nt O5t

Nole : Iquipment Cost includes trection and ln*allation works.

12 Liabilily on account of Retention Money is du€ to the tollowing conractors as at the year end

13 Dat! otAuthorirataon

TheseprojedfinancialstatementshavebeenauthorizedforissuebytheCGM(F&A) ofAPDCIon 20.11.2020

&_.Chref Proiecn Manager

- . -.Pronct lnrtsm6ntdtion Unit (ElP)

nsud Porpi Dlsributbn Cornpary t'to

B[ulce Bhawan, Guu$r&l

ADB GOVERNMENT TOTAT

:urent Y..r lPrcvioue Yeer I Cu- YG.r lPr.vlou5 Yel Cutr Ycar lPr.viou' Year I cumul.tive

Civil workr

tquipmentr {See not€ b€low)

Proied lmplementrtion Conrultants

Tar€i & outiat

bnd .nd Preperetory Work

467,358 1,956,583 2,433,951

2,46A 70,547 73,515

5029 0 502:

0(o(

189,799 108558 29835;

0 8518 851t

1264 184 144{

5,429 5,029

467,368 1,966,583 2,433,951

2,868 70,647 73,515

149,799 108,558 298,357

, 8,518 8,518

1,264 184 !,44E

66O328 2,154490 2,820,818

MA Neecon Power & lnrra

M/s Ne€con Power & lnfre ltd [[ot 2]

M/s Neecon Power & lnfra Ltd !-ot 3l

M/r winpow€r lnfriT&T Proi€ds l-imited

T€sla Tranaforma15 [imited

9 Foraltn dchrnta fluctu.tlon

disbursement records ofAMD), on account offoreign currency translation.

10 R6onclll.tlon bdw..n th! amounts re.tv.d by APDCL.nd .cknowtcdt.d by ADB throuSh LF|S

11 Invastmant Cort

Note r Equipment Cost includes Erection and tnstaltation works.

12 Liabil[y on account of Retentioo Money is due to the fottowing contr.ctors as at the year €nd

in INR'000

dtat8a8i88iattx$flfllM/s Neecon Power & lnira Lld ltot 1l

M/s Neecon Power & lnfra Ltd ILot 2l

M/s Neecon Power & lnfra Ltd lLot 3l

tvl/5 Winpower lnfra

T&T Projects Limit€d

T€sla Transtormers Limited

8,509

11,118

L3.243

13,105

23,246

8,509

11,118

13,243

25,747

68,@

13 D.t. orAuthorirtlon

Thes€ projed financial statements have been authorized for issue by the CGM(F&A) of ApDCL on 20.11.2020

Chlef ProFct ManegrPq,cl lnplementdtion Unit (EAPI

A$sm Pwrr CIctrtbution Company Lttl

Bliuhc Bhrtan, Gu*ahatl'l

9,256,664

24,528,824

12,877,4t0

10,452,140

17,350,681

10,034,398

1,071,114

13,092,502

46,795,673

24,7 L4,156

26,230,t57

12,5M,699

s1,305/576

&269,332

9t7O7,26

fi,124,473

25,82

97,575.6

286,602.

222,!A5.

tl1,156.3

ADB GOVERNMENT

I cumulativ€ Curr€nlY.ar lPrrviousY.l Cumul.tiv. :urrent Y..r I Pr.vious Ylar I Cumul.tiv€

:ivil works

:quipments lSee note below)

toject lmpl€mentation Consultents

Tarer & outies

-end and Preparetory Worl)roject M.nagement and ConstructionSupervision

467,368 1,966,583 2,413,951

2,868 70,641 73,StS

5029 0 5021

0(0(

149,199 108558 29835;

0 8s18 8511

tz64 184 7441

5,029 - 5,029

467,358 1,966,583 2,433,951

2,868 70,641 73,515

189,799 108,558 298,357

. 8,518 8,518

1,264 184 7,44a

470,235 2,O37,2N 2,507,466 195.092 !17_250 313.3s2 566328 2,154,490

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