Before J&K The State Electricity Regulatory Commission,jkpdd.gov.in/pdf/BussiPlan.pdf · Before J&K The State Electricity Regulatory Commission, Submitted by: Jammu & Kashmir Power

Before J&K The State Electricity Regulatory Commission,

Submitted by:

Jammu & Kashmir Power Development Department

Revised Business Plan of JKPDD-Distribution for 3-Year

MYT Control Period from FY 2013-14 to FY 2015-16

Business Plan for JKPDD-Distribution

Page 2 of 33

CONTENTS

1 BACKGROUND ................................................................................................................. 6

1.1 Introduction to JKPDD ............................................................................................................ 6

1.2 Policy Regulatory framework ................................................................................................. 6

1.3 Multi Year Tariff Distribution Tariff Regulations, 2012 ............................................................. 7

1.4 Unbundling of JKPDD ............................................................................................................. 7

1.5 Revised Submission of Business Plan by JKPDD-D .................................................................... 8

2 SALES & DEMAND FORECAST ........................................................................................... 9

2.1 Sales Forecast ........................................................................................................................ 9

2.2 Energy Requirement and Energy Balancing ........................................................................... 15

2.3 Distribution Loss Trajectory .................................................................................................. 16

3 POWER PROCUREMENT PLAN ....................................................................................... 19

3.1 JKSPDC Stations ................................................................................................................... 19

3.2 Power Purchase from CPSUs................................................................................................. 20

3.3 Purchases from Others ......................................................................................................... 22

3.4 Summary of Power Procurement .......................................................................................... 23

4 CAPITAL INVESTMENT PLAN .......................................................................................... 24


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4.1 RGGVY Works ...................................................................................................................... 24

4.2 PMRP .................................................................................................................................. 24

4.3 R-APDRP Works ................................................................................................................... 25

4.4 New Distribution Works ....................................................................................................... 26

4.5 REC Funded Projects ............................................................................................................ 26

4.6 Technical Interventions and Other Projects ........................................................................... 26

4.7 Total Capital Investment ...................................................................................................... 29

4.8 Capitalisation Schedule ........................................................................................................ 30

4.9 Funding Plan ........................................................................................................................ 30

5 AGGREGATE REVENUE REQUIRMENT ............................................................................. 31

5.1 Power Purchase Cost ............................................................................................................ 31

5.2 Other ARR Components ....................................................................................................... 31

5.3 ARR for MYT control period .................................................................................................. 33


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LIST OF TABLES

Table 1 : Category wise Projected no. of consumers .................................................................................... 9

Table 2 : Connected Load ........................................................................................................................... 13

Table 3 : Sales Forecast ............................................................................................................................... 14

Table 4 : Projected Energy Requirement & Balancing ................................................................................ 16

Table 5 : Projected Distribution Loss Trajectory ......................................................................................... 17

Table 6 : Projected Collection Efficiency Trajectory ................................................................................... 18

Table 7 : Projected Energy Availability from JKSPDC .................................................................................. 19

Table 8 : Projected Energy Available from CPSUs ....................................................................................... 21

Table 9 : Power Purchase from Other sources ........................................................................................... 23

Table 10 : Total Power Procurement Planned ............................................................................................ 23

Table 11 : R-APDRP Projects ....................................................................................................................... 26

Table 12 : Technical Interventions and other projects ............................................................................... 29

Table 13 : Summary of Capital Investment Plan ......................................................................................... 29

Table 14 : Capitalisation Plan ...................................................................................................................... 30

Table 15 : Capital Investment Financing Plan ............................................................................................. 30

Table 16 : Power Procurement Cost ........................................................................................................... 31

Table 17 : Annual Revenue Requirement ................................................................................................... 33


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ABBREVIATIONS

Acronym Definition

A&G Expenses Administrative & General Expenses

CEA Central Electricity Authority

CERC Central Electricity Regulatory Commission

CPP Captive Power Plant

Ckt. Km / ckm Circuit Kilometres

Discom Distribution Company

EA 2003 Electricity Act 2003

G,T and D Generation, Transmission and Distribution

GFA Gross Fixed Assets

GoJK Government of Jammu & Kashmir

GoI Government of India

IPPs Independent Power Producers

JKSERC Jammu & Kashmir State Electricity Regulatory Commission

JKPDD Jammu & Kashmir Power Development Department

JKPDD – D Jammu & Kashmir Power Development Department – Distribution

JKPDD – T Jammu & Kashmir Power Development Department – Transmission

MU Million Units

MYT Multi-Year Tariff

O&M Operations and Maintenance

PGCIL Power Grid Corporation of India Limited

R&M Expenses Repair & Maintenance Expenses

RoE Return on equity

T&D Transmission and Distribution

TERI The Energy and Resources Institute

S/S Sub Station


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1 BACKGROUND

1.1 Introduction to JKPDD

The Power Sector in J&K has seen significant growth since the formation the Jammu & Kashmir Power

Development Department (JKPDD). JKPDD was earlier responsible for generation, transmission &

distribution of electricity in the state for the J&K. Subsequently, the Power Development Corporation

(PDC), a fully Govt. Owned Company, was established in 1999, when the operation and maintenance of

existing generating stations and future generating stations were entrusted to this corporation.

The JKPDD is currently discharging the following functions:-

o Procurement of electricity from the Power Development Corporation (PDC), Central Public

Sector Undertakings and other agencies, carrying out the work of transmission and

distribution / supply in the State and preparing and carrying out the schemes for transmission

and distribution for promoting the use of electricity within the state.

o Supplying electricity in Jammu & Kashmir as per the requirements of the J&K Electricity Act

2010.

o Operating few small generating stations under its control as mentioned above

1.2 Policy Regulatory framework

The Jammu & Kashmir Government (J&K State Government or State Government) has enacted the

Jammu & Kashmir Electricity Act, 2010 under which the Jammu & Kashmir State Electricity Regulatory

Commission (herein after referred to as ‘JKSERC’ or ‘Hon’ble Commission’) has been conferred the

powers to determine the tariffs for electricity, determine the tariff payable for use of the transmission

facilities and to regulate power purchase and procurement process of the transmission and distribution

utilities, including the price of procurement. The Hon’ble Commission has issued tariff regulations and

under the provisions of these regulations, a distribution licensee has to file the application for approval

of its tariff. The last Tariff Order for JKPDD, as a whole, was issued by the Commission on 16th April 2012.


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1.3 Multi Year Tariff Distribution Tariff Regulations, 2012

JKPDD-D’s tariff determination is now governed by “The Jammu & Kashmir State Electricity Regulatory

Commission (Terms and Conditions’ for determination of Distribution Tariff) Regulations, 2012”

(referred to as “MYT Regulations, 2012”) which came into effect on 06th September 2012. The MYT

Regulations, 2012 provide a framework for calculating tariffs on a cost-plus basis initially for a period of

three years and allow the licensee to recover operational expenses including depreciation, interest on

working capital and debt, and return on equity amongst others. The MYT Regulations, 2012 segregate

the items impacting tariffs into controllable and uncontrollable factors. Items that are uncontrollable are

passed through to the consumers. Further, the MYT Regulations, 2012 identifies the uncontrollable and

controllable parameters as follows:

1.3.1 Uncontrollable parameters include

(a) Force Majeure events, such as acts of war, fire, natural calamities, etc.

(b) Change in law;

(c) Taxes and Duties;

(d) Variation in sales; and

(e) Variation in the cost of power generation and/or power purchase due to circumstances, as

specified in the MYT Regulations, 2012

1.3.2 Controllable parameters include

(a) Variations in CAPEX due to time and/or cost overruns/efficiencies;

(b) Variations in AT&C losses;

(c) Variations in Return on Equity (RoE), depreciation and working capital requirements;

(d) Variation in distribution losses;

(e) Variation in Wires Availability and Supply Availability; and

(f) Failure to meet the standards specified in the Standards of Performance Regulations.

1.4 Unbundling of JKPDD

The Government of Jammu & Kashmir, vide GO no. 264 PDD of 2012 dated September 05, 2012, has

ordered for unbundling of JKPDD and setting up of one transmission company, two distribution


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companies (one each for Jammu and Kashmir divisions) and one trading company with holding company

function. In line with the above order, GoJK has ordered for setting up of the following companies vide

GO no. 285 PDD of 2012 dated September 21, 2012:

1. Jammu & Kashmir State Power Transmission Company Limited

2. Jammu & Kashmir State Power Trading Company Limited

3. Jammu Power Distribution Company Limited

4. Kashmir Power Distribution Company Limited

Though unbundling process is in process, as petition for the approval of multi-year tariff needs to be

submitted by November 30, 2012 as per the MYT Regulations, 2012, JKPDD-D (as a deemed licensee) is

now approaching the Hon’ble Commission for approval of Multi Year Tariff for the Financial Years 2013-

14, 2014-15 and 2015-16 as a combined entity for both Jammu and Kashmir divisions.

1.5 Revised Submission of Business Plan by JKPDD-D

JKPDD – Distribution division (“JKPDD-D”) hereby submits its Business Plan for approval of Multi Year

Tariff for the first control period i.e. FY 2013-14, 2014-15 and 2015-16. This Plan is being submitted in

compliance with the provisions of MYT Regulations, 2012. The petitioner has attempted to comply with

the various guidelines in the Act and regulations within the limitations of availability of data.

The revised submission is necessitated to incorporate the fact that the electrified connections as per

the census (but not captured in PDD records) were inadvertently left out. These connections need to

be identified and regularized/metered to have proper accountability and reduce pilferage of

electricity.


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2 SALES & DEMAND FORECAST

2.1 Sales Forecast

2.1.1 Energy Forecast

JKPDD-D caters to a diverse consumer mix constituting of domestic, commercial, HT Industry, LT

Industry and agriculture consumers. The number of consumers in various categories, as projected for

the Control Period is summarized in the Table given below

Table 1 : Category wise Projected no. of consumers

No . Of Consumers

S.No. Consumer Category 2010-11

(Actuals)

2011-12

(Actuals)

2012-13

(Estd.)

2013-14

(Proj.)

2014-15

(Proj.)

2015-16

(Proj.)

1 Domestic

- Metered 526,073 544,964 554,964 780,340 1,166,534 1,733,904

- Unmetered 559,342 585,987 616,893 716,861 525,866 -

2 Non Domestic / Commercial

- Metered 75,719 91,234 95,174 121,316 141,021 176,432

- Unmetered 70,124 63,338 67,191 44,794 29,863 -

3 Agriculture

- Metered 10,409 10,334 10,934 13,394 15,366 18,689

- Unmetered 4,598 4,815 5,599 3,733 2,488 -

4 State / Central Govt. Department

- Metered 9,230 9,420 9,753 10,012 10,278 10,550

- Unmetered - - - - - -

5 Public Street Lighting

- Metered 25 25 25 103 159 269

- Unmetered 352 229 219 153 102 -

6 LT industrial Supply

- Metered 18,631 18,980 19,065 19,420 19,781 20,149

- Unmetered - - - - - -

7 HT Industrial Supply

- Metered 926 649 673 698 724 750


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No . Of Consumers


(Actuals)

2011-12

(Actuals)

2012-13

(Estd.)

2013-14

(Proj.)

2014-15

(Proj.)

2015-16

(Proj.)

- Unmetered - - - - -

8 HT-PIU Industrial Supply

- Metered 13 15 14 15 15 16

- Unmetered - - - - - -

9 LT Public Water Works

- Metered 704 866 915 1,293 1,601 2,136

- Unmetered 854 851 909 606 404 -

10 HT Public Water Works

- Metered 226 118 144 151 159 167

- Unmetered - - - - - -

11 General Purpose / Bulk Supply

- Metered 143 131 132 148 167 187

- Unmetered - - - - - -

Grand Total 1,277,369 1,331,956 1,382,604 1,713,037 1,914,527 1,963,250

To achieve the targeted consumer base as mentioned in above table JKPDD-D is planning to identify

those connections which are electrified as per census 2011 but are not reflecting as registered

consumers as per PDD records. JKPDD is targeting to initially identify and register these consumers as

unmetered consumers in FY 2013-14 and FY 2014-15 and subsequently meter them also by FY 2015-16.

A buffer of 5% in urban and 10% in rural connections has been kept for those consumers which either

already have been regularized or not traceable. Further, rural connection are initially targeted to be

regularized at ¼ kW slab and urban connections are targeted to be regularized at ½ kW slab with

consumption pattern assumed as same as existing pattern in these slabs.


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Table : Target to identify and regularize electrified connections as per census

To Be Registered

No. of

connections

Electrified

%

No. of

households

Electrified

Opening

FY 2013-

14

Overall

Unregistered

Connections

Buffer for

already

Metered/Non

existing

Connections

To be

finally

registered

Targeted

in

FY 2013-

14

Targeted

in

FY 2014-

15

Urban 517,168 98.06% 507,141 354,304 152,837 5% 145,195 108,896 36,299

Rural 1,497,920 80.69% 1,208,706 844,440 364,266 10% 327,839 196,703 131,136

Grand Total 2,015,088 85.15% 1,715,847 1,198,744 517,103 9% 473,034 305,599 167,435

JKPDD-D plans to meter all the unmetered connections in various customer categories. Accordingly, a

plan has been drawn to convert all the unmetered connections to metered connections by the end of

the Control period i.e. FY 2015-16. In view of this, the profile of consumption is also expected to change

over the Control Period. JKPDD-D targets to convert 1/3rd of the existing unmetered consumers (as at

the end of FY 2012-13) to metered connections in FY 2013-14. Further, 50% of remaining unmetered

connections are targeted to be metered in FY 2014-15 and balance unmetered connections are targeted

to be metered in FY 2015-16. This would result in conversion of all the unmetered connection to

metered connections by the end of the Control Period. Such a shift in metering and consumer profile is

likely to have impact the load, billing and revenue profile of JKPDD-D in future. Accordingly, while

considering the conversion from Unmetered Category to Metered Category, the load, number of billed

units is expected to shift correspondingly to the metered category. The proposed metering plan is as

follows:

Table : Proposed Metering Plan

FY 2013-14 (Unmetered Consumers)

S.No. Consumer Category At Start of

FY

Target Conversion from

Unregularized to

Regularized


Unmetered to Metered

(In No.)

At the

end of FY

1 Domestic 616,893 305,599 205,631 716,861

2 Non Domestic / Commercial 67,191 0 22,397 44,794

3 Agriculture 5,599 0 1,866 3,733

4 Public Street Lighting 230 0 77 153


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FY


Unregularized to

Regularized



(In No.)

At the

end of FY

5 LT Public Water Works 909 0 303 606

Grand Total 690,822 305,599 230,274 766,147



FY


Unregularized to

Regularized



(In No.)

At the

end of FY

1 Domestic 716,861 167,435 358,431 525,865

2 Non Domestic / Commercial 44,794 0 14,931 29,863

3 Agriculture 3,733 0 1,244 2,489



Grand Total 766,147 167,435 374,859 558,723


S.N Consumer Category At Start of

FY


Unregularized to

Regularized



(In No.)

At the

end of FY

1 Domestic 525,865 0 525,865 0

2 Non Domestic / Commercial 29,863 0 29,863 0

3 Agriculture 2,489 0 2,489 0



Grand Total 558,723 0 558,723 0

A comprehensive province-wise/circle-wise metering plan with investment for targeted metering of 11.63 lakhs consumers will be submitted separately to the Commission along with the petition for request of “Extension of Deadline of 100% metering in Jammu & Kashmir beyond june 2013 upto the end of the MYT control period”


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2.1.2 Connected Load

In accordance with the growth projected in the number of consumers during MYT Period, the connected

load too is projected to increase. The category wise connected load, as projected for FY 2013-14 to

2015-16 is shown in Table below

Table 2 : Connected Load

Connected Load in MW


(Actuals)

2011-12

(Actuals)

2012-13

(Estd.)

2013-14

(Proj.)

2014-15

(Proj.)

2015-16

(Proj.)

1 Domestic

- Metered 302 369 448 676 1,050 1,651

- Unmetered 295 344 474 538 438 -


- Metered 103 162 187 234 288 371

- Unmetered 66 29 47 39 33 -

3 Agriculture

- Metered 87 58 61 85 105 142

- Unmetered 61 60 64 46 33 -


- Metered 147 167 180 196 212 231

- Unmetered - - - - - -


- Metered 0 1 2 5 7 12

- Unmetered 4 8 9 6 5 -


- Metered 216 229 239 247 256 266

- Unmetered - - - - - -


- Metered 204 234 263 281 300 321

- Unmetered - - - - - -


- Unmetered 25 37 37 38 38 40

- Unmetered - - - - - -


- Metered 22 24 27 44 58 87


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Connected Load in MW


(Actuals)

2011-12

(Actuals)

2012-13

(Estd.)

2013-14

(Proj.)

2014-15

(Proj.)

2015-16

(Proj.)

- Unmetered 37 40 45 33 25 -


- Metered 14 16 18 20 23 26

- Unmetered - - - - - -


- Metered 41 43 44 38 41 43

- Unmetered - - - - - -

Grand Total 1,623 1,822 2,144 2,528 2,911 3,189

2.1.3 Projected Energy Sales

JKPDD-D has estimated the energy sales for FY 2012-13 based on the actual data available for six months

in that regard and it has projected the category-wise energy sales for the MYT Period, considering the

past growth trends in each of the consumer category including growth trend in number of consumers

and connected load. The energy sales for MYT Period have been determined based on compounded

annual growth rate (CAGR) in energy sales in various consumer categories for the past three years (FY

2009-10, FY 2010-11 and FY 2011-12) as well as the growth observed in the first six months of FY 2012-

13. Category wise actual energy sales for FY 2010-11 and FY 2011-12, re-estimated energy sales for

2012-13 and projected energy sales for the MYT Period are given in the following table:

Table 3 : Sales Forecast

Sales in Mus


(Actuals)

2011-12

(Actuals)

2012-13

(Estd.)

2013-14

(Proj.)

2014-15

(Proj.)

2015-16

(Proj.)

1 Domestic

- Metered 542 746 772 1,137 1,744 2,768

- Unmetered 714 845 883 1,003 789 -


- Metered 215 301 347 453 567 773

- Unmetered 113 135 158 130 107 -

3 Agriculture


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Sales in Mus


(Actuals)

2011-12

(Actuals)

2012-13

(Estd.)

2013-14

(Proj.)

2014-15

(Proj.)

2015-16

(Proj.)

- Metered 149 122 160 218 274 379

- Unmetered 49 99 114 90 71 -


- Metered 751 529 507 534 563 577

- Unmetered - - - - - -


- Metered 4 6 6 17 26 45

- Unmetered 25 32 28 21 16 -


- Metered 239 338 369 394 420 420

- Unmetered - - - - - -


- Metered 455 585 596 651 710 774

- Unmetered - - - - -


- Unmetered 123 106 125 126 128 129

- Unmetered - - - - - -


- Metered 73 105 111 221 242 509

- Unmetered 235 275 299 226 246 -


- Metered 279 96 97 102 107 113

- Unmetered - - - - - -


- Metered 95 165 145 154 162 172

- Unmetered - - - - - -

Grand Total 4,059 4,484 4,719 5,478 6,173 6,660

2.2 Energy Requirement and Energy Balancing

JKPDD-D has projected its gross energy requirement based on its sales projection and loss reduction

trajectories assumed during the MYT control period.

The Projected Energy Requirement during the MYT control period is given in the following table:


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Table 4 : Projected Energy Requirement & Balancing

Energy Requirement (MUs) 2010-11

(Actual)

2011-12

(Actual)

2012-13

(Estd.)

2013-14

(Proj.)

2014-15

(Proj.)

2015-16

(Proj.)

Energy Billing 4,059 4,484 4,719 5,478 6,173 6,660

Distribution Losses 58.7% 56.4% 55.5% 50.0% 44.0% 40.0%

Total Energy Requirement at Distribution periphery 9,838 10,284 10,595 10,957 11,023 11,099

Intra-state transmission losses 4.50% 4.05% 4.30% 4.25% 4.20% 4.15%

Total Energy Requirement at Transmission periphery 10,301 10,718 11,071 11,443 11,506 11,580

Energy Procurement/Availability 2010-11

(Actual)

2011-12

(Actual)

2012-13

(Estd.)

2013-14

(Proj.)

2014-15

(Proj.)

2015-16

(Proj.)

Power Purchase from JKSPDC 2,311 2,563 2,546 2,546 2,546 2,546

Power Purchased from CPSUs 8,268 8,532 8,768 9,216 9,216 9,216

(Less) : Interstate Transmission Loss (372) (384) (395) (415) (415) (415)

Additional Tie-up from New Sources 96 159 233

UI/Power Purchased from ST Purchases 94 7 152

Total Energy Available 10,301 10,718 11,071 11,443 11,506 11,580

2.3 Distribution Loss Trajectory

Like all other sectors in the state, the disturbances since 90’s have affected the power sector heavily and

although the state has taken various reform initiatives, yet the pace of these reforms has been slow as

compared to other states of the country due to un-conducive environment for the reforms. The T&D

losses in J&K are of the order of 60% which is one of the highest in the country.

With a view to reform the T&D Sector of the state and make itself sustainable, the State Government

had engaged M/s. TERI (The Energy and Resources Institute, New Delhi) as consultants to prepare a Blue


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Print for turnaround plan of the T&D Sector. The turnaround study focuses on the preparation of a road

map for power sector reforms in the state. The road map is a detailed investment plan and targets for

efficiency improvement keeping in view the uniqueness of the political, legal, social and geographical

environment of the state.

Some of the key investment plans which would help JKPDD-D to reduce distribution losses considerably

and to improve collection efficiencies are:

a) R-APDRP schemes: The main objective of R-APDRP schemes is to bring down T&D losses

considerably. Part A of the scheme covers Ring Fencing, Feeder Metering, DT Metering,

application of IT and SCADA / DMS in distribution sector. Part B is aimed to strengthen

Distribution system in identified areas. The total amount proposed towards R-APDRP schemes is

Rs. 3115.09 crores out of which Rs. 2341.49 crores is expected to be incurred by the end of MYT

control period.

b) Technical intervention projects : JKPDD-D has initiated various technical intervention projects to

strengthen the distribution network, reduce distribution losses and improve collection

efficiencies. It includes

- installation of 100% consumer meeting and effective metering at feeder and DT level to

facilitate energy accounting and auditing

- Computerisation of revenue centres, strengthening and upgrading billing and collection

system to improve collection efficiency.

- Strengthening of SLDC

Considering the capital investment being proposed and other measures being carried out to reduce

distribution losses, Distribution loss trajectory and Collection efficiency trajectory are projected as given

below:

Table 5 : Projected Distribution Loss Trajectory

Particulars 2010-11

(Actuals)

2011-12

(Actuals)

2012-13

(R.E)

2013-14

(Projected)

2014-15

(Projected)

2015-16

(Projected)

Distribution Loss 58.7% 56.4% 55.5% 50.0% 44.0% 40.0%


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Table 6 : Projected Collection Efficiency Trajectory

Distribution Loss Trajectory 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

Collection Efficiency 78% 90% 95% 96% 97% 98%


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3 POWER PROCUREMENT PLAN

The energy requirement for the state is met from the following sources

1. Power Purchase from JKSPDC

2. Power Purchase from CPSUs (including free power from select stations)

3. Power Purchase from other sources

3.1 JKSPDC Stations

For estimating the energy available from JKSPDC stations during FY 2012-13, actual performance during

the first six months period ending September 30, 2012 was considered as the basis. It was assumed that

the availability of energy from these units during the MYT control period would be same as that of 2012-

13 estimated values. The unit-wise energy availability is given in the following table.

Table 7 : Projected Energy Availability from JKSPDC

S. No. Source Plant

Capacity (MW)

2010-11 (Actuals)

MU

2011-12 (Actuals)

MU

2012-13 (Estd.)

MU

2013-14 (Proj.)

MU

2014-15 (Proj.)

MU

2015-16 (Proj.)

MU

1 Diesel# 23.41 20.62 23.76 23.76 23.76 23.76 23.76

2 Stakna 4.00 6.12 4.38 3.13 3.13 3.13 3.13

Sub-Total 27.41 26.74 28.14 26.88 26.88 26.88 26.88

B) Thermal

1 Kalakote 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2 Gas Turbine-I 75.00 0.18 5.43 5.43 5.43 5.43 5.43

3 Gas Turbine-II 100.00 13.86 0.00 0.00 0.00 0.00 0.00

Sub-Total 175.00 14.04 5.43 5.43 5.43 5.43 5.43

C) Hydel

1 LJHP 105.00 377.72 483.29 515.44 515.44 515.44 515.44

2 USHP-I 22.60 33.80 82.12 83.20 83.20 83.20 83.20

3 USHP-II 105.00 291.03 309.54 303.69 303.69 303.69 303.69

4 Ganderbal 15.00 11.75 19.59 18.91 18.91 18.91 18.91

5 Chenani-I 23.30 72.80 87.22 89.99 89.99 89.99 89.99

6 Chenani-II 2.00 5.32 7.40 7.31 7.31 7.31 7.31

7 Chenani-III 7.50 7.27 17.98 21.74 21.74 21.74 21.74


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S. No. Source Plant

Capacity (MW)

2010-11 (Actuals)

MU

2011-12 (Actuals)

MU

2012-13 (Estd.)

MU

2013-14 (Proj.)

MU

2014-15 (Proj.)

MU

2015-16 (Proj.)

MU

8 Sewa-III 9.00 9.29 13.94 12.03 12.03 12.03 12.03

9 Karnah 2.00 1.90 3.11 3.46 3.46 3.46 3.46

10 Sumoor 0.10 0.06 0.13 0.12 0.12 0.12 0.12

11 Bazgo 0.30 0.25 0.70 0.67 0.67 0.67 0.67

12 Hunder 0.40 0.48 0.86 0.78 0.78 0.78 0.78

13 Iqbal Bridge 3.75 4.10 9.28 7.13 7.13 7.13 7.13

14 Sanjak 1.26 0.00 0.00 0.08 0.08 0.08 0.08

15 Badherwah 1.00 0.00 0.41 1.37 1.37 1.37 1.37

16 Pahalgam 3.00 7.88 7.81 8.17 8.17 8.17 8.17

17 Haftal 1.00 0.00 1.57 1.45 1.45 1.45 1.45

18 Marpachoo 0.75 0.16 0.70 0.89 0.89 0.89 0.89

19 Igo-Mercellong 3.00 8.84 11.12 8.79 8.79 8.79 8.79

20 Matchil 0.35 0.00 0.00 0.00 0.00 0.00 0.00

Sub-Total 306.31 832.62 1056.76 1085.18 1085.18 1085.18 1085.18

D) Baglihar 450.00 1437.42 1472.40 1428.54 1428.54 1428.54 1428.54

Const. power for Bhaglihar 0.00 0.00 0.00 0.00 0.00

Sub total 450.00 1437.42 1472.40 1428.54 1428.54 1428.54 1428.54

Grand Total (A+B+C+D) 958.72 2310.82 2562.72 2546.03 2546.03 2546.03 2546.03

# Operated by JKPDD-D

3.2 Power Purchase from CPSUs

JKPDD-D sources power mainly from NTPC, NHPC and other hydro power projects, apart from JKSPDC

generating stations. The details of the units, allocation provided to JKPDD-D by these units and projected

energy available is given in the following table. Apart from NTP and NHPC, JKPDD also has share in

power from SJVNL, THDC, TALA (through PTC), KWHEP (through PTC) and NPCIL Plants (i.e. NAPS &

RAPP).


Page 21 of 33

Table 8 : Projected Energy Available from CPSUs

S. No.

Source Plant

Capacity (MW)

JKPDD Share

2010-11 (Actuals)

MU

2011-12 (Actuals)

MU

2012-13 (Estd.)

MU

2013-14 (Proj.)

MU

2014-15 (Proj.)

MU

2015-16 (Proj.)

MU

A NTPC

1 Anta(G) 419 9.14%

181.37 226.56 248.10 227.01 227.0 227.01 2 Anta(L)

3 Auriaya(G) 663 8.17%

281.59 297.03 315.97 327.80 327.8 327.80

4 Auriaya(L)

5 Dadri(G) 830 7.79%

344.04 407.50 454.12 404.03 404.0 404.03 6 Dadri(L)

7 Unchahar-I 420 3.90% 122.89 117.16 120.99 117.52 117.5 117.52

8 Unchahar-II 420 8.95% 281.29 263.18 267.25 269.69 269.7 269.69

9 Unchahar-III 210 7.97% 114.57 127.14 125.74 120.08 120.1 120.08

10 Rihand-I 1000 8.80% 607.71 645.08 560.46 631.35 631.4 631.35

11 Rihand-II 1000 11.21% 874.54 821.10 847.01 804.25 804.3 804.25

12 Singrauli 2000 1.81% 221.64 206.08 209.29 256.83 256.8 256.83

13 Farraka 1600 0.85% 99.75 90.85 86.98 84.56 84.6 84.56

14 Talcher 1000 0.00% 3.98 0.00 0.00 0.00 0.0 0.00

15 Kahalgaon-I 840 3.69% 185.79 195.52 192.51 197.67 197.7 197.67

16 Kahalgaon-II 1500 5.56% 483.75 453.05 484.76 565.11 565.1 565.11

17 NCTP- Dadri II 980 1.81% 12.90 117.49 105.57 127.26 127.3 127.26

18 Rihand – III 500 8.37% 300.25 300.3 300.25

19 Meija – 6 250 7.06% 119.59 119.6 119.59

A Sub-Total (1-19) 13632 3816 3968 4019 4553 4553 4553

B NTPC JV

Indira Gandhi STPS (Jhajjar)

1000 1.12% 1.57 7.84 7.84 0.00 0.0 0.00

B Sub-Total (NTPC-JV) 1000 1.57 7.84 7.84 0.00 0.0 0.00

C Hydro Power Plants

NHPC Power Plants

1 Salal 690.00 22.39% 726.09 724.21 731.32 674.92 674.9 674.92

Free power 12.00% 388.97 388.11 393.60 361.73 361.7 361.73

2 Tanakpur 94.00 7.68% 28.37 30.70 28.53 33.92 33.9 33.92

3 Chamera-I 540.00 3.90% 93.86 103.33 95.68 83.01 83.0 83.01

4 Chamera-II 300.00 8.98% 108.99 118.22 116.06 131.49 131.5 131.49

5 Chamera-III 9.11% 89.83 96.83 96.8 96.83

6 Uri 480.00 21.96% 664.82 589.55 631.15 554.56 554.6 554.56

Free power 12.00% 363.22 323.46 346.87 303.04 303.0 303.04

7 Dulhasti 390.00 11.36% 223.78 224.31 225.18 248.38 248.4 248.38


Page 22 of 33

S. No.

Source Plant

Capacity (MW)

JKPDD Share

2010-11 (Actuals)

MU

2011-12 (Actuals)

MU

2012-13 (Estd.)

MU

2013-14 (Proj.)

MU

2014-15 (Proj.)

MU

2015-16 (Proj.)

MU

Free power 12.00% 265.26 261.50 259.36 262.37 262.4 262.37

8 Dauhaliganga 280.00 8.28% 78.78 82.42 83.23 91.70 91.7 91.70

9 Sewa II 120.00 9.38% 28.83 42.03 37.03 43.84 43.8 43.84

Free Power 12.00% 43.81 72.03 61.44 56.08 56.1 56.08

10 Chutak 44.00 72.00% 151.52 151.5 151.52

Free Power 12.00% 25.25 25.3 25.25

D Sub-Total - NHPC- Hydro Power

2938 3015 2959.84 3099.28 3118.65 3118.65 3118.65

1 SJVNL (Nathpa Jakri) 1500.00 8.47% 544.26 586.36 547.63 572.52 572.5 572.52

2 THDC 1000.00 6.26% 171.80 226.06 176.25 156.11 156.11 156.11

3 THDC KOTESHWAR 400.00 5.98% 0.00 31.76 58.74 68.24 68.24 68.24

4 PTC (Tala) 1020.00 1.77% 63.12 60.30 58.65 60.69 60.69 60.69

5 PTC (BHEP) 97.99 78.03 78.03 84.68 84.68 84.68

6 PTC (KWHEP) 1.68 67.15 67.15 67.15 67.15

E Others 3920 877.17 984.19 986.43 1009.39 1009.39 1009.39

1 NAPs 440.00 9.64% 145.85 150.54 177.56 162.19 162.19 162.19

2 RAPP 3 & 4 440.00 7.95% 238.04 255.42 249.03 178.34 178.34 178.34

3 RAPP 5 220.00 11.52% 174.77 206.66 231.99 118.44 118.44 118.44

Rebate

Sub-Total (12-13) 1100 558.65 612.62 658.57 458.97 458.97 458.97

Total ( A+B+C+D+E) 8267.98 8532.24 8770.86 9140.01 9140.01 9140.01

3.3 Purchases from Others

JKPDD has entered into banking arrangements with the neighboring states and has banked certain

quantum of surplus energy available in the summer/monsoon months. Actual Net Banking has been

assumed as zero for the MYT period as per the approach followed by the Commission in the past.

However, the gap in the energy availability as per the Energy Balance (as given in table no.13) is

expected to be procured from other sources.


Page 23 of 33

Table 9 : Power Purchase from Other sources

S. No. Source 2010-11 (Actuals)

MU

2011-12 (Actuals)

MU

2012-13 (Estd.)

MU

2013-14 (Proj.)

MU

2014-15 (Proj.)

MU

2015-16 (Proj.)

MU

1 Additional Tie-up from New Sources

96 159 233

2 UI/Power Purchased from ST Purchases 94 7 152

3.4 Summary of Power Procurement

Based on the availability of power from different sources as given in the previous sections, total power

procurement being planned during MYT period to meet the energy requirement is given in the following

table.

Table 10 : Total Power Procurement Planned

Energy Procurement/Availability 2010-11

(Actual)

2011-12

(Actual)

2012-13

(Estd.)

2013-14

(Proj.)

2014-15

(Proj.)

2015-16

(Proj.)

Power Purchase from JKSPDC 2,311 2,563 2,546 2,546 2,546 2,546

Power Purchased from CPSUs 8,268 8,532 8,768 9,216 9,216 9,216

(Less) : Interstate Transmission Loss (372) (384) (395) (415) (415) (415)

Additional Tie-up from New Sources 96 159 233

UI/Power Purchased from ST Purchases 94 7 152

Total Energy Available 10,301 10,718 11,071 11,443 11,506 11,580


Page 24 of 33

4 CAPITAL INVESTMENT PLAN

The following chapter provides information on the capital investment projects being planned, quantum

of investment, its funding and phasing that will be undertaken by JKPDD during 2012-13 and

subsequently over the control period of 2013-14 to 2015-16.

4.1 RGGVY Works

For system improvement and strengthening/ up-gradation of distribution works, PDD has proposed and

submitted 14 schemes for rural electrification in whole of J&K state to REC, to be funded under RGGVY

program. The total estimated cost of all the 14 schemes is Rs. 1051.73 Crores. These proposed schemes

have been sanctioned by the REC at a cost of Rs. 917.02 Crores only under RGGVY program. The

above schemes envisage electrification of 356 virgin villages, un-electrified and de-electrified villages,

which are financially viable for electrification within the Grid System. Under the scheme 303682 rural

household connections are proposed to be provided. The BPL households which are earmarked to be

electrified free of cost are 110337 No’s and 5889 already electrified villages are to be covered for

intensive electrification under the scheme.

Under the guide lines issued by REC, the works are to be executed by Public Sector Undertakings.

Accordingly the State Govt. has entrusted the execution of work in the seven districts namely, Jammu,

Kathua, Udhampur, Srinagar Budgam Kargil and Leh to NHPC. The RGGVY works in the balance districts

namely Poonch, Rajouri, Doda, Anantnag, Pulwama Baramulla and Kupwara has been entrusted to

JKSPD.

Out of total project cost of Rs. 917.01 crores, cumulative capital expenditure upto March 31, 2012 was

Rs. 568.57 crores. JKPDD proposes to incur an amount of Rs. 174.22 crores each in 2012-13 and 2013-14.

4.2 PMRP

With a view to develop infrastructure at 220kV and 132kV level, Hon’ble Prime Minister during his visit

to J&K State in November 2004 announced a Reconstruction Plan at an estimated cost of Rs. 707 Crores

which was subsequently revised to Rs. 1,351 Crores. The scheme envisages construction / augmentation


Page 25 of 33

of transformation and transmission works. The entire remaining plan amount is expected to be incurred

during 2012-13.

4.3 R-APDRP Works

Restructured Accelerated Power Development Programme (R-APDRP) scheme is to bring down T&D

losses considerably existing high levels. The scheme is divided in two parts. Part A is to cover Ring

Fencing, Feeder Metering, DT Metering, application of Information Technology and supervisory Control

and Data Acquisition ( SCADA) /DMS in distribution sector. Part-B is aimed to strengthen Distribution

System in identified project areas. 30 towns have been identified as project areas in J&K state with

population of above 10,000 as per 2001 census. The GoI has sanctioned Rs 151.99 Crores for part-A and

Rs 1665.27 crores for part-B of R-APDRP. DPR for SCADA/DMS for Jammu and Srinagar cities has been

approved at an estimated cost of Rs 52.89 crores.

Also J&K PDD has prepared DPRs in respect of towns/areas with population 4000 and above on the

pattern of R-APDRP with an objective to reduce T&D losses in the state in accordance with directions of

Central Electricity Authority/ Government of India. 283 towns have been identified in the state with

population 4000 and above. Part-A of 283 towns is to cost Rs. 171.61 crores and Part-B will cost Rs.

1073.33 crores. These projects were proposed to be taken up under Phase-II of R-APDRP through a

special dispensation which could not materialize. These schemes are now proposed to be taken up

under National Electricity Fund for which Rural Electrification Corporation is the nodal agency

The summary of total projects planned and phasing of capital expenditure under R-APDRP scheme is

given below:


Page 26 of 33

Table 11 : R-APDRP Projects

Rs. Crores)

Sl .No. Scheme Total Cost Upto FY2012

2012-13 2013-14 2014-15 2015-16

1 R-APDRP Works(Part-A)-PHASE-I

151.99 17.78 120.00 14.21 -

2 R-APDRP (SCADA) )-PHASE-I 52.89 - 20.00 32.89 -

3 R-APDRP Works( Part-B) )-PHASE-I

1665.27 - 65.00 350.00 450.00 500.00

4 R-APDRP Works(Part-A)-PHASE-II

171.61 - - 50.00 100.00 21.61

5 R-APDRP Works(Part-A)-PHASE-II

1073.33 - - 100.00 250.00 250.00

Total (Rs. crores) 3115.09 17.78 205.00 547.10 800.00 771.61

4.4 New Distribution Works

The project wise details of new Distribution works are given in Annexure. The total amount planned

towards New Distribution projects is estimated to be Rs. 1,086.50 crores.

4.5 REC Funded Projects

PDD is also implementing REC schemes in the state. Presently 2 schemes at 132/33kV level, 21schemes

at 66-33/11 kV level and 13 pump set schemes are under implementation in the state. The total amount

of projects planned under REC funding is Rs. 310.05 crores and an amount of Rs. 110.05 was spent till

March 31, 2012.

4.6 Technical Interventions and Other Projects

a) Metering

The present level of metering is only 50% approx. of total consumers. Thus there is considerable

scope to capture the very high level of assessed consumption by improving the metering status

which is otherwise resulting in non assessment of actual power consumption and consequent

recovery. The un-metered consumption not only results in wrong assessment but also

encourages wasteful consumption of power by consumers.


Page 27 of 33

Besides consumer metering, it is also essential to ensure 100% effective metering at feeder and

D.T. level so as to facilitate energy accounting and auditing. Although PDD achieved 100%

metering of feeders in March, 2007, this is an ongoing process and needs to be continued by

replacing defective meters, CT’s, PT’s and allied equipment.

The total amount planned towards Metering is Rs. 143.12 crores which will be incurred in

phased manner. Further, if there is any additional funding requirement at a later stage, same

will be submitted to the Commission for approval along with the detailed justification.

b) Strengthening and upgrading the Billing and Collection System

To improve financial health, besides metering, due importance is required to be given to

strengthening and upgrading billing and collection system. Computerization of revenue centers

is essential to improve the collection efficiency. An amount of Rs. 1.70 crores is expected to be

incurred towards this project till 2018-19.

c) Power factor Correction

The J&K state depends upon the drawl of power from Northern Grid. Due to poor power factor

there is excessive drawl of reactive power which cause consequent poor system voltage and

operation of generating station with less generation capability. The drawl of excessive reactive

energy form the Northern Grid also increases the power purchase bill of the state. Reactive

consumption is required to be reduced for improvement of quality, lowering of energy purchase

bills and improvement of generation capabilities of Power Houses. NRPC has already sanctioned

a scheme at a cost of Rs. 22 crores for reactive compensation in the state. The scheme stands

implemented at 33kV level in the Grid Sub Stations of Kashmir Valley and Jammu. However all

grid sub stations are not covered. Accordingly, an investment of Rs. 50.42 crores is proposed for

power factor improvement at 33kV and 11kV level.

Further in order to improve power factor and voltage at the consumer end, it is proposed to

install LT shunt capacitors at major distribution transformers in the state. The year-wise

requirement of LT shunt capacitors is estimated to be about 41,000 kVAR. The projected total


Page 28 of 33

investment required for power factor improvement by way of installation of LT shunt capacitors

is Rs. 3.02 crores.

d) Strengthening of SLDC

The State Load Dispatch Centre (SLDC) functioning at Gladni, Jammu and Sub Load Dispatch

Centre functioning at Bemina Srinagar need improvement by way of providing RTUs at

substations, which are currently not available and also by way of providing communication

through PLCC/ Fiber Optics. The scheme costing Rs. 75 crores has been assigned to PGCIL for

implementation. In addition, an amount of Rs. 4 crores is budgeted towards new PLCC and

renovation of existing PLCC system.

e) Energy Conservation

Demand Side Management (DSM) initiatives need to be taken up for conservation of energy.

This would include preparation of DSM Plan, assessment of potential, undertaking preliminary

studies, providing CFLs at subsidized rates, providing LED lights and undertaking awareness

campaign through print and electronic media and through seminars, symposia and public

workshops. This would also require restructuring of tariff so as to introduce ToD tariff, Power

factor incentives, seasonal tariff etc. TERI has proposed Rs. 35 crores (till 2018-19) as investment

for taking up energy conservation measures.

f) Training and Capacity Building

National Training Policy for the Power Sector emphasizes a need for all organizations in power

sector to adopt a training policy to ensure training for all personnel for a minimum period of one

week per annum. In this context it is essential to establish Training institute which includes

construction building, training hostel, staff quarters, work shop, Lecture Halls and allied facilities

such as Laboratory, garden and other training aids including transportation facility. On the basis

of the estimation made by TERI, the total requirement of funds for establishing training institute

is Rs. 60 crores which is proposed to be incurred in three years time from 2012-13 to 2014-15.

g) Power System Studies


Page 29 of 33

The power system studies are required to be carried out in the state on a regular basis so as to

assess demand forecast both short term and long term, prepare master plan for planning of

generation, transmission and distribution including short circuit and stability studies, estimation

of T&D losses, identify the overloaded feeders and transformers etc. The total capital

expenditure proposed towards power system studies is Rs. 5.0 crores from 2012-13 to 2018-19.

Table 12 : Technical Interventions and other projects

(Rs. Crs)

# Particulars Total Cost

2012-13 2013-14 2014-15 2015-16

1 Metering 143.12 63.88 12.00 12.77 13.40

2 Computerisation 1.70 0.30 0.30 0.25 0.25

3 Power Factor Correction - HT Capacitors - LT Capacitors

50.42

3.02

6.19 0.37

6.50 0.39

6.83 0.41

7.17 0.43

4 Fire Optic and RTU works (including additions/renovations) - SLDC

79.00 21.50 21.50 35.50 0.50

5 Energy Conservation 35.00 5.00 5.00 5.00 5.00

6 Training & Capacity Building 60.00 14.00 24.00 22.00 0.00

7 Power System Studies 5.00 1.50 1.00 0.50 0.50

Total 377.26 112.74 70.69 83.26 27.25

4.7 Total Capital Investment

Summary of Capital Investment proposed during 2012-13 and MYT control period is given below:

Table 13 : Summary of Capital Investment Plan

# Description Scheme Provision

Upto FY 2012

2012-13 2013-14 2014-15 2015-16

1 RGGVY Projects 917.02 568.57 174.23 174.23 0.00 0.00

2 PMRP Projects 1351.00 1048.55 302.45 0.00 0.00 0.00

3 R-APDRP Projects 3115.09 17.78 205.00 547.10 800.00 771.61

4 New Distribution Works 1086.50 0.00 21.73 86.92 162.98 217.30

5 REC Funded Projects 310.05 110.05 25.00 50.00 50.00 75.00

6 Others 377.26 0.00 112.74 70.69 83.26 27.25

Total (Rs.crores) 7156.92 1744.95 841.15 928.94 1096.24 1091.16


Page 30 of 33

JKPDD-D humbly requests the Hon’ble Commission to approve the above capital investment plan for the

MYT control period.

4.8 Capitalisation Schedule

Based on the year of completion of various projects being undertaken by JKPDD-D, the capitalisation

plan would as given below:

Table 14 : Capitalisation Plan (Rs. crores)

# Description 2012-13 2013-14 2014-15 2015-16

1 RGGVY Projects 87.11 174.23 87.11 0.00

2 PMRP Projects 151.23 151.23 0.00 0.00

3 R-APDRP Projects 102.50 376.05 673.55 785.81

4 New Distribution Works 10.87 54.33 124.95 190.14

5 REC Funded Projects 25.00 50.00 50.00 75.00

6 Others 112.74 70.69 83.26 27.25

Grand Total 489.44 876.52 1018.87 1078.19

4.9 Funding Plan

Entire Capital investment, except REC funded projects, is expected to be funded by way of Government

Grants / Subsidies. The details of total capital expenditure proposed to be incurred during MYT period

and sources of funding are given below:

Table 15 : Capital Investment Financing Plan

(Rs. crores)

# Description Total Amount

(3 yr MYT)

Govt. Grants

Debt Equity

1 New Distribution Works 467.20 467.20 0.00 0.00

2 RGGVY Projects 174.23 174.23 0.00 0.00

3 R-APDRP Projects 2118.71 2118.71 0.00 0.00

4 REC Funded Projects 175.00 0.00 175.00 0.00

5 Others 181.20 181.20 0.00 0.00

Total 3116.33 2941.33 175.00 0.00


Page 31 of 33

5 AGGREGATE REVENUE REQUIRMENT

5.1 Power Purchase Cost

For projecting power procurement cost, tariff for the State owned generating stations has been

escalated at 3% p.a. over 2012-13 approved tariff. For CPSUs, variable charges for coal based plants and

gas based plants have been increased by 5% and 7% respectively for the rates of previous year from

2013-14 onwards. Similarly fixed charges are assumed to grow by 3% for hydel projects and 5% for

thermal based projects for 2014-15 and 2015-16.

Inter-state Transmission charges payable to PGCIL have been included in Power Procurement cost

The total estimated cost to procure power required (as given in Chapter 4) is given below.

Table 16 : Power Procurement Cost

Procurement Cost (Rs.Crores) 2010-11

(Actual)

2011-12

(Actual)

2012-13

(Estd.)

2013-14

(Proj.)

2014-15

(Proj.)

2015-16

(Proj.)

Power Purchase from JKSPDC 561.20 644.19 617.06 631.17 650.10 669.61

Power Purchase from CPSUs 1809.61 2463.56 2526.92 2825.96 2951.85 3078.98

UI/Power Purchase from Others (includes

interest on UI Charges) 78.72 191.69 361.3 - - -

Additional Tie-up from New Sources - - - 28.8 47.7 69.8

Reactive Energy Charges + Wheeling Charges for

Banking/ST Purchases 32.10 40.58 39.0 0.0 0.0 0.0

Inter-state Transmission 234.78 333.40 278.2 278.184 278.184 278.184

Total Procurement 2716.42 3673.41 3822.40 3764.13 3927.88 4096.59

5.2 Other ARR Components

a) Transmission Charges : Inter-state Transmission charges have been included in Power

Procurement Cost. Intra-State Transmission charges payable to JKPDD-T has been taken from

the ARR estimates of JKPDD-T.


Page 32 of 33

b) O & M Expenses : Employee expenses are assumed to grow at 7% over previous year during

MYT period. R&M Expenses and A&G Expenses have been escalated at 5% over previous year

during MYT period.

c) Interest on Term Loans: JKPDD-D has term loans of Rs. 155.71 crores (including loan from REC of

Rs. 155.46 crores) as on March 31, 2012. The company proposes to avail new term loans from

REC against REC funded projects as given in the Capital Investment Plan. Interest payable to REC

has been included under Interest cost.

d) Depreciation : Depreciation has been calculated on opening GFA of Rs. 4,744.16 crores and

additions during the MYT period. Average rate of Depreciation has been taken at 3.60%

e) Interest on Working Capital : Working capital requirement have been computed based on the

norms given in the MYT Regulations, 2012. For computation of working capital, 1 month’s O&M

expenses, Spares (1% of opening GFA) and receivables of 2 months have been taken. Interest

rate has been taken at 15%.

f) Return on Equity : It was assumed that the entire opening GFA has been funded from

Government Grants / subsidies and also entire capital investment for the MYT control period is

proposed to be funded by way of government grants or term debt. As JKPDD-D does not have

normative equity, Return on Equity has not been claimed.

g) Non-Tariff Income : An increase of 5% over 2012-13 estimated non-tariff income has been

considered for MYT control period.


Page 33 of 33

5.3 ARR for MYT control period

ARR for the MYT control period, based on the assumptions mentioned above is given in the following

table:

Table 17 : Annual Revenue Requirement

Annual Revenue Requirement 2011-12

(Actual)

2012-13

(Estd.)

2013-14

(Proj.)

2014-15

(Proj.)

2015-16

(Proj.)

Costs

Power Purchase Cost 3,673.41 3,822.40 3,764.13 3,927.88 4,096.59

Water Usage Charges Payable - 305.65 305.65 305.65 305.65

Transmission Charges 119.49 171.77 203.14 243.88 295.03

Operation and Maintenance Cost 472.15 518.07 553.21 590.77 630.89

Interest Cost 13.99 16.36 19.15 23.10 28.17

Depreciation 80.83 179.60 204.19 238.30 276.05

Interest on Working Capital 0.00 0.00 144.26 153.25 163.08

Total Costs 4,359.87 5,013.85 5,193.72 5,482.83 5,795.46

Add: Return on Equity 0.00 0.00 0.00 0.00 0.00

Less: Non-Tariff Income 13.22 13.42 14.09 14.80 15.54

Annual Revenue Requirement 4,346.65 5,000.43 5,179.63 5,468.03 5,779.92

Documents

Before J&K The State Electricity Regulatory Commission,jkpdd.gov.in/pdf/BussiPlan.pdf · Before J&K The State Electricity Regulatory Commission, Submitted by: Jammu & Kashmir Power