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Orde
In the mApprova(ConducCommistransmis400/220Souther31.3.201 And In the m
Powe
1. Karn2. Tran3. Kera4. Tam
(TAN5. Elect6. Elect7. East
Visak8. Sout
Tirup9. Cent
Hyde10. North
Wara11. Bang
r in Petition No.1
matter of: al under Rct of Busssion(Termsssion tariff 0kV Mysoren Regiona14
matter of: er Grid Cor
Vs
nataka Powsmission C
ala State Elil Nadu Gen
NGEDCO), tricity Depatricity Depaern Power khapatnamthern Powepati tral Power Derabad hern Powerangal galore Elec
CENT
190/TT/2011
Regulation iness) Regs and Condin respect e & Hassa
al Grid from
rporation of
er TransmiCorporation lectricity Boneration anChennai
artment, Goartment, GoDistribution
m er Distributio
Distribution
r Distributio
tricity Supp
TRAL ELEC
Petition N
Coram: Shri S. JayShri M. De Date of HeDate of Or
86 of Cgulations ditions of Tof Hassanan sub-stam the date
f India Limit
ssion Corpof Andhra
oard, Thiruvnd Distributi
ovt. of Goa, ovt. of Pondn Company
on Compan
Company
on Compan
ply Compan
CTRICITY RNEW
o.190/TT/2
yaraman, Meena Dayal
earing: 15.0rder : 11.
Central Ele1999, and
Tariff) Regu–Mysore 4
ations undee of comm
ted, Gurgao
poration, LtPradesh Ltvananthapuion Compa
Panaji dicherry, Poy of Andhra
ny of Andhr
of Andhra
y of Andhr
ny Ltd., Ban
REGULATOW DELHI
2011
Member lan, Membe
05.2011 03.2013
ectricity Red Central ulations 20400 kV D/Cer System
mercial ope
on
d. Bangalotd., Hyderaburam ny Ltd.,
ondicherrya Pradesh L
ra Pradesh
Pradesh L
ra Pradesh
ngalore
ORY COM
er
egulatory Electricity
09,for deteC Line and
Strengtheration i.e.
……P
re bad
Ltd.,
Ltd.,
Ltd.,
Ltd.,
MISSION
Page 1 of 2
CommissioRegulator
ermination oextension o
ening –IX 1.7.2011 t
Petitioner
25
on ry of of in to
Orde
12. Gulb13. Hubl14. Man15. Cham
The foll
1. S2. S
T
determin
and exte
“transmi
from the
Central
Regulati
2. T
IX in S
petitione
including
commiss
3. T
following
r in Petition No.1
barga Electri Electricitygalore Elecmundeswar
owing wer
Shri. M M MShri S S Raj
This petition
nation of tr
ension of 40
ission asse
e date of
Electricity
ions, 2009,
The investm
outhern Re
er vide Me
g an IDC of
sioned on 1
The scope
g transmiss
190/TT/2011
ricity Supplyy Supply Coctricity Suppri Electricity
re present:
Mondal, PGCju, PGCIL
n has been
ansmission
00/220kV M
ets”) under
commercia
y Regulato
(hereinafte
ment approv
egional Gr
emorandum
f `956 lakh
1.7.2011.
of work co
sion line and
y Companyompany Ltdply Company Supply Co
:
CIL
O
n filed by P
n tariff in re
Mysore & H
System St
al operation
ory Comm
er referred t
val of the T
rid” was a
m Ref:- C/C
based on
overed und
d sub-statio
y Ltd., Gulbd., Hubli ny Ltd., Maompany Ltd
RDER
Power Grid
espect of H
Hassan sub
trengthenin
n i.e. 1.7.2
ission (Te
to as “the 2
Transmissio
ccorded by
CP/SR-IX d
1st Quarte
der the pro
on:-
barga
ngalore d., Mysore
Corporatio
Hassan –My
-station (he
ng –IX in S
2011 to 31
erms and
2009 Tariff
on Project “
y the Boa
dated 16.2
r, 2010 pric
oject includ
…
on of India
ysore 400
ereinafter re
Southern Re
.3.2014 ba
Conditions
Regulations
System Str
rd of Direc
.2009 for
ce level. Th
des constru
Page 2 of 2
… Respond
(PGCIL) fo
kV D/C Lin
eferred to a
egional Gr
ased on th
s of Tarif
s”).
rengthening
ctors of th
`12062 lak
he asset wa
uction of th
25
dents
or
ne
as
id
he
ff)
g-
he
kh
as
he
Orde
Tran
(a
Sub-
(a
(b
4. D
5. T
working
6. N
respons
Act, 200
r in Petition No.1
nsmission
a) Hass
-Station
a) Extensio
b) Extensio
Details of th
The details
capital are
No commen
e to the no
03. Reply to
Particulars
DepreciationInterest on LReturn on eInterest on WCapital O & M Expe
T
Particulars
MaintenancO & M expeReceivables
TRate of InteInterest
190/TT/2011
line
an –Mysore
on of Mysore
on of Hassa
e transmiss
submitted
given here
nts or sugg
otices publis
o the petitio
n Loan
equity Working
enses Total
ce Spares enses s Total erest
e 400kV D/
e 400/220k
an 400/220k
sion charge
by the pet
eunder:-
estions hav
shed by the
on has been
2011(pro-
3444
215
2011(pro-r
42
3340
11.3
/C line-100
kV sub-stati
kV sub-stat
es claimed
itioner in s
ve been re
e petitioner
n filed only
1-12 rata)
201
91.35 546.45 600.82 535.58
26.12 300.32 21
-12 rata)
2012
45.22 4725.12 2633.40 36003.74 43475% 11.7
35.58 51
km.
ion (Powerg
ion(Powerg
by the petit
(` in
upport of it
(` in lakh
eceived from
under sect
by Respon
12-13 201
79.05 519.54 593.12 551.07
18.72 361.50 21
2-13 2013-
7.81 506.56 280.25 3564.62 43575% 11.71.07 51
grid)
grid)
tioner are a
lakh)
ts claim fo
h)
m the gene
tion 64 of th
ndent No.4,
13-14
582.44 572.01 596.59
51.13
336.91 39.08
-14
.548.08
.515.135%.13
Page 3 of 2
as under:-
r interest o
eral public
he Electricit
Tamil Nad
25
on
in
ty
du
Orde
Generat
erstwhile
capital c
objection
7. H
record, w
8. Th
addition
petition,
The tota
sub-stat
Capital 9. A
provides
“Tcoridtrof
Aa
r in Petition No.1
tion and D
e Tamil Na
cost, addit
ns have be
Having hear
we proceed
he details o
al capital e
submittedb
al estimated
tion.
cost
As regards
s as under:-
The expendonstruction ask variation eployed, in t
reating the ef loan in the
Apportioneapproved c
12062.0
190/TT/2011
Distribution
adu Electri
tional retur
een dealt wi
rd the repre
d to dispose
of capital co
expenditure
by the petit
d completio
the capital
-
diture incurrand financinduring cons
the event of excess equite event of th
ed cost
Capitexpeincurdate commoper
00 88
Company
icity Board
rn on equi
th in releva
esentatives
e of the pet
ost, as on t
e projected
ioner, are s
on cost inc
cost, Reg
red or projeng charges, struction onthe actual e
ty as normathe actual eq
tal enditure rred up to
of mercial ation
P
2
852.70
y Ltd (TA
d. The resp
ty, capitali
ant paragra
s of the par
tition.
the actual d
to be incu
summarized
cludes initia
gulation 7 (
ected to beany gain or the loan –
equity in exctive loan, oruity less tha
Projected adcapital expe2011-12
2040.42
ANGEDCO)
pondent ha
zation of i
phs of this
rties and p
date of com
rred for the
d as below:
al spares of
1) of the 2
e incurred, loss on acc(i) being eq
ess of 30% r (ii)being eqan 30% of th
dditional enditure
Tc
2012-13
128.21
, successo
as raised t
initial spare
order.
erused the
mmercial op
e asset cov
:-
(` in la
f `145.52 la
2009 Tariff
including incount of forequal to 70%of the funds
qual to the ahe fund dep
Total estimcompletion
11021.3
Page 4 of 2
or entity o
the issue o
es etc. Th
e material o
peration an
vered in thi
akh)
akh pertain
Regulation
nterest durinign exchang
% of the fund deployed, b
actual amouloyed, - up t
mated cost
33
25
of
of
he
on
d
is
ning to
ns
ng ge ds by nt to
Orde
thp
10. T
investme
estimate
length o
capital c
length o
100 km.
whereas
during a
the petit
arrived a
11. T
asset as
dated 2.
Treatme
12. T
station w
Regulati
13. T
Tariff Re
r in Petition No.1
he date of corudence che
TANGEDCO
ent approv
ed cost of
of the line e
cost be adm
of the actua
of line len
s the actua
actual cons
tioner and
at after due
The petition
s on the da
7.2011.
ent of initia
The petition
which exce
ions by `11
The petition
egulations b
190/TT/2011
ommercial oeck.” O in its reply
val for the
`12062 lak
executed is
mitted after
ally execute
gth shown
al line leng
truction of
the respon
e prudence
er has clai
ate of comm
al spares
er has claim
eeds the ce
1.21 lakh.
er has pray
be relaxed
peration of t
y, vide affid
subject sc
kh for exec
s only 95.8
r prudence
ed line. The
in the inve
gth of 95.8
the line. W
ndent. We
check.
med capita
mercial ope
med initial s
eiling limit
yed that the
to allow the
the project, a
davit dated
cheme wa
cuting line
75 km. TA
check duly
e petitioner
stment app
875 km wa
We have co
would like
al cost of `8
eration i.e.
spares of `
specified in
e provision
e excess am
as admitted
8.11.2011,
s accorded
of 100 Km
ANGEDCO
y consideri
r in its rejo
proval was
as after op
nsidered th
to clarify
8852.70 lak
1.7.2011 v
145.52 lakh
n Regulatio
s of Regula
mount on in
by the Com
, has subm
d on 16.2.
m. whereas
has submi
ng the redu
oinder has
based on t
timization
he submiss
that the ca
kh for the t
vide auditor
h pertaining
on 8 of the
ation 8 (iv)
nitial spares
Page 5 of 2
mission, afte
itted that th
.2009 at a
s, the actua
tted that th
uction in th
clarified tha
the estimate
of the rout
sions of bot
apital cost
transmissio
r's certificat
g to the sub
e 2009 Tar
of the 200
s. In suppo
25
er
he
an
al
he
he
at
e,
te
th
is
on
te
b-
iff
09
ort
Orde
of its pra
station a
respectiv
sub-stat
stations
sub-stat
stations
spares h
stations
because
projects
petitione
regardin
14. T
norms s
15. W
for trans
regulatio
equipme
Therefor
norms o
petitione
based o
r in Petition No.1
ayer for rela
are green
vely. Accor
tion equipm
but in the
tion for Mys
. The petit
have been
, the perce
e of less p
having as
er has subm
ng the quan
TANGDECO
pecified in
We are of th
smission lin
ons do no
ents or les
re, there is
only becaus
er's claim f
on the ceilin
190/TT/2011
axation, the
field sub-s
rding to the
ments like IC
instant cas
sore-Hassa
tioner has
procured f
entage of
population
ssets in gr
mitted that g
ntum of initia
O has requ
the 2009 T
he view tha
ne or sub-s
ot distingu
ss numbe
s no justifi
se the proj
for initial s
ng norms sp
e petitioner
stations wh
e petitioner
CTs, Reacto
se there are
an line, whi
further su
for this syst
cost of ini
of equipm
reen field
generally n
al spares fo
uested to r
Tariff Regula
at 2009 Tar
tation of a
ish betwee
r of equip
cation for
ject has le
spares has
pecified for
has submit
hich were c
r, normally
ors etc. are
e only two b
ich is an ex
ubmitted th
tem as is n
tial spares
ents in pre
sub-station
o specific r
or the subje
restrict cap
ations.
riff Regulat
project as
en the pr
pments for
allowing in
ess number
been rest
sub-station
tted that My
commission
large num
e commissio
bays each
xtension pr
at even th
normally do
w.r.t. the
esent proje
ns. In resp
recommend
ect asset.
pitalization o
ions specif
a percenta
rojects hav
r the purp
nitial spare
r of equipm
tricted to t
n i.e. 2.50%
ysore and H
ned in 200
mber of bay
oned in gre
at Mysore
roject for b
hough simi
one for gree
capital co
ect compar
ponse to a
dation is ma
of initial sp
fy the norm
age of capit
ving more
pose of in
s over and
ments. Acco
the admiss
% under Re
Page 6 of 2
Hassan sub
06 and 201
ys and othe
en field sub
and Hassa
oth the sub
lar types o
en field sub
ost is highe
red to othe
a query, th
ade by OEM
pares to th
ms for spare
tal cost. Th
number o
itial spares
d above th
ordingly, th
sible amoun
gulation 8 o
25
b-
0
er
b-
an
b-
of
b-
er
er
he
M
he
es
he
of
s.
he
he
nt
of
Orde
the 2009
lakh has
station e
given he
Des
Sub(incPLC
*Cci
16. In
capital c
excess a
Addition
17. W
Regulati
r in Petition No.1
9 Tariff Re
s been ded
equipment,
ereunder:-
scription P
ao
b-station cluding CC)
Cost pertainivil works an
nitial spares
cost consid
amount of i
Capital
claimed asof comm
opera(a)
nal capital
With regard
ions provid
190/TT/2011
egulations.
ducted pro
PLCC as
Project cost
s on cut-off date
(a)
1483.76*
ning to sub-snd PLCC.
s allowed,
dered for th
nitial spare
l cost s on date mercial ation )
8852.70
expenditu
d to addit
es as unde
Hence, the
oportionately
on the date
Apportio
initial spares claimed
(b)
145.52
station is inc
as above w
he purpose
es claimed,
Excess in
sparesdisallow
(b) 1
ure
ional capit
er:-
e excess in
y from the
e of comme
oned CeilinlimitsReguof 20TariffRegu
2 2
clusive of s
will be revie
e of tariff d
is as under
nitial s
wed
Ca
ope
111.21
tal expend
itial spares
sub-statio
ercial opera
ng s as per ulation 8 009 f
ulation
Inwaac
(c) (/(
.50%
ub-station e
ewed at the
determinatio
r:-
apital cost con date of ceration exc
initial s(c)= (
diture, clau
s amounting
on compone
ation as pe
nitial spare
worked out and allowedas part of capital cost
d)=*((a-b)*c(100-c)%
34.31
equipment, la
e time of tru
on, after de
(` in lakhconsidered commerciacluding excspares (a)-(b)
8741
use 9(1) o
Page 7 of 2
g to `111.2
ent i.e. sub
er the detai
(` in lakhs
d
Excessinitial sparesclaimeand deduct
) (e)=(d)
111.2
and, building
uing up. Th
educting th
h) as l ess
1.49
of the 200
25
21
b-
ls
h) s
s ed
ted -(b)
21
g,
he
he
09
Orde
18. A
19. T
instant p
20. T
`2040.42
operatio
r in Petition No.1
“Additional incurred, oncommercialCommissio
(i) (ii) (iii)
(iv)
(v)
As per 2009
“cut-off datcommercialcommercialMarch of th
Therefore, th
petition is 3
The petition
2 lakh and
on to 31.3.2
Year
2011-12
2012-13
190/TT/2011
Capitalisation the followil operation n, subject to
UndischargWorks defProcuremesubject to tLiabilities tdecree of a
Change i
9 Tariff Reg
te means 31l operation l operation ie year closin
he cut-off d
1.3.2014.
ner has c
d `128.21
012) and 2
Ele
Building &TransmissSub-StatioPLCC
Transmiss
on: (1) The ng counts w
and up too prudence c
ged liabilitiesferred for exent of initial the provisionto meet awaa court; andn Law.”
ulations-
1st march oof the projein the last qng after 3 ye
date in resp
claimed pr
lakh for th
2012-13 res
ement
& Civil workssion Line on
Sub-Totasion Line
Sub-TotaTota
capital expwithin the orio the cut-ocheck:
s; ecution; capital sparns of Regula
ard of arbitra
of the year cect, and incaquarter of thears of the y
ect of the t
rojected ad
he year 20
spectively:-
Additicapi
expend
1
al 2
alal 2
penditure incginal scope off date ma
res within thation 8; ation or for c
closing aftease of the pe year, the ear of comm
ransmissio
dditional c
011-12 (from
ional ital diture
20.00 (BaPa
151.14833.1536.13
040.42 128.21 Ba
pay128.21 168.63
curred or proof work, aft
ay be adm
he original sc
ompliance o
r 2 years oproject is decut-off date
mercial opera
n assets co
capital exp
m date of
(
Reaso
alance/ Rayments)
alance/Retenyment
Page 8 of 2
ojected to ber the date o
mitted by th
cope of wor
of the order o
of the year oeclared undee shall be 31ation”.
overed in th
penditure o
commercia
` in lakh)
on
Retention
ntion
25
be of
he
rk,
or
of er 1st
he
of
al
Orde
21. P
Hence, t
Debt- eq 22. R
“1afe PaPIn Etrinpem (2cofo (3btase
23. D
commer
DET
r in Petition No.1
Projected ad
the same h
quity ratio
Regulation 1
12. Debt-Eqfter 1.4.2009quity in exce
Provided thatctual equity
Provided furtndian rupees
Explanation.ransmission nvestment ofroject, shall quity, provid
meeting the c
2) In case oommercial oor determina
3) Any expee admitted b
ariff, and reerviced in th
Details of de
rcial operati
Capital c
Debt Equity Total
190/TT/2011
dditional ca
has been co
12 of the 20
quity Ratio. 9, if the equess of 30% s
t where equshall be con
ther that thes on the date
.-The premlicensee,
f internal resbe reckone
ded such precapital expen
of the generoperation priation of tariff
nditure incuby the Commenovation ahe manner sp
ebt-equity i
ion are as u
cost as on d
Am
apital expe
onsidered fo
009 regulat
(1) For a pruity actually shall be trea
ity actually dnsidered for e equity invee of each inv
ium, if anyas the cassources crea
ed as paid uemium amounditure of the
rating statioor to 1.4.20for the perio
rred or projemission as and modernipecified in c
in respect o
under:-
date of com1.7.2011
mount 611926228741
nditure cla
or the purpo
ions provid
roject declardeployed is
ated as norm
deployed is ldeterminatio
ested in forevestment.
y, raised byse may beated out of itp capital for
unt and intere generating
on and the t09, debt-equ
od ending 31
ected to be additional caisation expelause (1) of
of the trans
mercial ope
9.152.341.49
imed falls
ose of tariff
es that:-
red under cos more than
mative loan:
less than 30on of tariff: eign currenc
y the genee, while issts free reserr the purposrnal resourceg station or t
transmissionuity ratio allo1.3.2009 sha
incurred on apital expendenditure forthis regulati
smission as
(` in lakeration i.e.
%70.30.
100.
within the
f calculation
ommercial op 30% of the
0% of the ca
cy shall be d
erating comsuing sharerve, for the f
se of computes are actuathe transmis
n system deowed by theall be consid
or after 1.4.diture for detr life extenson.”
ssets as on
kh)
.00
.00
.00
Page 9 of 2
cut-off date
n.
peration on oe capital cos
apital cost, th
designated
mpany or th capital anfunding of thting return o
ally utilised fosion system
eclared undee Commissiodered.
.2009 as matermination osion shall b
n the date o
25
e.
or st,
he
in
he nd he on or
m.
er on
ay of
be
of
Orde
24. A
overleaf
25. D
DET
Return 26. R
“1d (2thsthyb Patim
T
T
r in Petition No.1
As regards
f:-
Debt- equity
Debt Equity Total
on equity
Regulation 1
15. (1) Retuetermined in
2) Return onhermal genetation, and 1ydro generae grossed u
Provided thadditional retmeline spec
Particulars
Debt Equity Total Particulars Debt Equity Total
190/TT/2011
the addit
y ratio as on
Capital coAm
15 of the 20
urn on equitn accordanc
n equity shalerating statio16.5% for theating stationsp as per cla
at in case oturn of 0.5%cified in App
AdditioAm
Additio
tional capit
n 31.3.2014
ost as on 31mount
76373272
10910
009 Tariff R
ty shall be e with regula
l be computons, transme storage tys and run ofuse (3) of th
of projects % shall be al
endix-II:
onal capitalmount
N1428.2
612.12040.4
onal capital89.738.4
128.2
tal expend
4 is as unde
.3.2014
7.202.930.12
Regulations
computed iation 12.
ted on pre-tamission syste
pe generatinf river gener
his regulation
commissionllowed if suc
l expenditu
Normative 291342l expenditu754621
diture, debt
(` in
er:-
(` in lakh)
% 70.0030.00
100.00
provides th
in rupee ter
ax basis at them and runng stations inrating stationn:
ned on or ach projects
re for 2011-%
1re for 2012-
1
t-equity ra
n lakh)
hat:-
rms, on the
he base raten of the rivencluding pumn with ponda
after 1st Apare complet
-12
70.00 30.00 00.00 -13 70.00 30.00 00.00
Page 10 of 2
tio is give
e equity bas
e of 15.5% foer generatinmped storagage and sha
pril, 2009, ated within th
25
en
se
or ng ge all
an he
Orde
Pp (3thco (4coR W (5reoRreC
Pthwthre
27. T
16.2.200
and ext
commiss
the com
the asse
Appendi
addition
As per
petitione
from the
under R
r in Petition No.1
Provided furtroject is not
3) The rate ohe normal taompany or t
4) Rate of reomputed as
Rate of pre-ta
Where t is the
5) The geneecover the sn Equity du
Rate as per espective fi
Commission.
Provided furthe generatin
with the provihe tariff peegulations"
The petition
09, the ass
tension of
sioned with
mmissioning
ets were co
ix-II to the
al RoE of 0
Appendix-I
er has subm
e date of inv
Regulation
190/TT/2011
ther that thecompleted w
of return on ax rate for he transmis
eturn on equper the form
ax return on
e applicable
erating compshortfall or reue to chang
the Incomeinancial yea
her that Annng companyisions of theriod shall b
ner has su
sets under
f 400/220
hin 36 mon
g schedule
ommissione
e 2009 Ta
0.5%, provi
II the qual
mitted that
vestment ap
15 (2) of th
e additionalwithin the tim
equity shallthe year 20sion license
ity shall be rmula given b
equity = Ba
tax rate in a
pany or the tefund the exe in applicae Tax Act,ar directly
nual Fixed cy or the tran relevant Finbe trued u
ubmitted th
SRSS-IX,
kV Mysor
ths from th
works out
ed on 1.7.2
ariff Regula
ded for in R
ifying time
the assets
pproval and
he 2009 Ta
return of 0meline speci
l be compute008-09 appe, as the ca
rounded off tbelow: se rate / (1-t
accordance w
transmissionxcess Annuaable Minimu
1961 (as awithout m
charge with nsmission licnance Acts op in accord
hat as per
namely, 40
re and Ha
he date of i
to 15.12.2
2011. Henc
ations spec
Regulation
line for ad
were been
d therefore
ariff Regula
0.5% shall fied above f
ed by grosslicable to thse may be:
to three dec
t)
with clause
n licensee aal Fixed cham Alternateamended fro
making any
respect to tcensee, as tof the respecdance with
r the inves
00 kV D/C
assan sub
investment
2012, i.e. 1
ce, there is
cifies the
15 of the 2
dditional Ro
n commissi
qualify for
ations. Acc
not be admfor reasons w
ing up the bhe concerne
imal points a
(3) of this re
as the case rge on acco
e/ Corporateom time to
application
the tax rate the case mactive financia
Regulation
stment app
Hassan -
b-stations w
approval.
.3.2012, ag
no time ov
qualifying
2009 Tariff
oE is 28 m
oned within
additional R
cordingly, th
Page 11 of 2
missible if thwhatsoever.
base rate wited generatin
and be
egulation.
may be, shaount of Reture Income Ta
time) of thn before th
applicable tay be, in linal year durin
n 6 of thes
proval date
Mysore lin
were to b
Accordingly
gainst whic
ver-run. Th
timeline fo
Regulations
months. Th
n 28 month
RoE of 0.5%
he petitione
25
he
th ng
all rn ax he he
to ne ng se
ed
ne
be
y,
ch
he
or
s.
he
hs
%
er
Orde
has requ
Tariff Re
28. T
commer
investme
Appendi
addition
29. In
petitione
months
qualify fo
30. T
Regulati
commer
previous
succeed
with the
irrespec
operatio
charges
also sub
1st of th
r in Petition No.1
uested to a
egulations.
TANGEDCO
rcial operat
ent approv
ix – II of 20
al return on
n the RoP f
er to subm
from the d
or additiona
The petition
ion 3(12)(c
rcial operat
s month. Si
ding month
commissio
ctive of the
on of the as
shall be p
bmitted that
he succeed
190/TT/2011
allow additio
O has sub
ion on 1.7.2
val and it
009 Tariff R
n equity ma
for the hear
it documen
date of inv
al RoE.
er in its af
) of 2009 T
tion from t
nce, the tra
after com
oning in the
date of the
ssets shall
ayable from
t the qualify
ing month
onal RoE o
mitted that
2011, whic
exceeds t
Regulations
ay be summ
ring dated
nts showing
vestment a
ffidavit date
Tariff Regula
the 1st da
ansmission
missioning
e previous m
e commissi
be the first
m the date
ying timelin
in which th
of 0.5% und
t the petit
h is 28 mon
the time li
. Hence, th
marily reject
15.5.2011,
g that the a
approval (i.
ed 21.6.201
ations the a
ay of a mo
charges ar
of the ass
month. The
ioning of th
t of the suc
of commer
e of 28 mo
he investme
der Regula
ioner has
nths and 15
ine of 28
he unjust cla
ted.
the Comm
assets wer
e. before
12 has sub
assets can
onth after
re payable
set, it does
petitioner h
he assets, t
cceeding m
rcial operat
onths should
ent approva
ation 15 (2)
put the a
5 days from
months p
aim of the p
mission had
re complete
16.6.2011)
bmitted that
only be dec
commissio
from the fir
s not have
has also su
the date of
month and t
tion. The p
d be reckon
al was gran
Page 12 of 2
of the 200
ssets unde
m the date o
rescribed
petitioner fo
directed th
ed within 2
in order t
t in terms o
clared unde
oning in th
rst day of th
any relatio
ubmitted tha
f commercia
transmissio
etitioner ha
ned from th
nted and no
25
09
er
of
in
or
he
28
to
of
er
he
he
on
at
al
on
as
he
ot
Orde
from the
Commis
normal c
31. W
Regulati
"( (clicse Pchfr Preatmre
A
the first
availabil
the peri
Regulati
timelines
referenc
provision
into serv
be seen
r in Petition No.1
e date of i
ssion while
cases.
We have c
ion 3(12)(c)
(12) ‘date of
c) in relationcensee fromervice after s
Provided thatharge for throm that date
Provided furtegular servittributable to
may approveegular servic
According to
t day of th
lity shall be
od of exec
ions for the
s specified
ce to the inv
n of Regul
vice for the
n whether
190/TT/2011
nvestment
e assessing
considered
) of the 200
commercial
n to the tram 0000 hour
successful c
t the date she element se:
ther that in ice but is o the transme the date oce."
o the above
he month
e accounted
cution of t
e purpose o
d by exten
vestment a
ation 3(12)
purpose of
the asse
approval.
g the com
the subm
09 Tariff Re
l operation’ o
ansmission sof which an
charging and
shall be the shall be pay
case an elprevented
mission licensof commerc
e regulation
and the tr
d for accord
he project
of admissib
nding the
approval till
)(c) of the
f determinin
t was rea
This philos
mpletion tim
issions of
egulations p
or ‘COD’ me
system, the element of
d trial operat
first day of yable and it
ement of thfrom providsee, its suppcial operatio
n, the date
ransmission
dingly. How
prescribed
bility of add
period from
the 1st of t
2009 Tarif
ng the time
ady for co
sophy has
me from in
the petitio
provides as
eans
date declathe transmis
tion:
a calendar s availability
he transmissding such spliers or conon prior to t
of comme
n charges
wever, the p
d in the Ap
ditional RoE
m the due
the succee
ff Regulatio
line for add
mmissionin
been follo
nvestment
oner and r
under:-
ared by the ssion system
month and y shall be a
sion systemservice for
ntractors, thethe element
rcial opera
shall be p
provision ca
ppendix-II
E as it wou
e date com
ding month
ons cannot
ditional RoE
ng within t
Page 13 of 2
owed by th
approval
respondents
transmissiom is in regula
transmissioaccounted fo
m is ready foreasons no
e Commissiot coming int
tion shall b
payable an
annot exten
to the 200
uld dilute th
mputed wit
h. Therefore
be presse
E. It needs t
the timelin
25
he
in
s.
on ar
on or,
or ot
on to
be
nd
nd
09
he
th
e,
ed
to
ne
Orde
recomm
operatio
32. T
17.6.201
Authority
Energisa
station”.
Transmi
energize
dated 1
energize
and 400
been co
line was
as on 1
was iss
1.7.2011
operatio
of our d
RoE in t
request
r in Petition No.1
mended as
on, the purp
The petition
11 address
y along w
ation of 40
The petit
ission Line
ed. Subseq
7.6.2011) t
e 400 kV M
0 kV D/C tw
ompleted in
s ready for i
6.6.2011.
ued on 30
1. Therefor
on as on 16
iscussion,
terms of Re
for addition
190/TT/2011
per Appen
pose of adm
ner has su
sed to Regi
with the a
00 kV Myso
tioner in t
and the e
quently, the
to make it
ysore – 1 &
win conducto
n all respec
inspection
Inspection
0.6.2011. T
re, it cann
6.6.2011 wh
we are of t
egulation 15
nal RoE is r
ndix-II irres
missibility of
ubmitted a
onal Inspec
affidavit da
ore – 1 &2
hat letter
electrical sy
e petitioner
convenien
& 2 Bays, 2
or Hassan-
ct for energ
only on 17.
was carrie
he line wa
not be said
hich would
the view th
5(2) of the
rejected.
spective of
f additional
copy of t
ctorial Orga
ated 21.6.2
2 Bays & 2
has reque
ystem exec
r has requ
nt to inspec
2 Nos 220 k
- Mysore tra
gisation. Th
.6.2011 and
ed out by C
as put unde
d that the
entitle the
hat the petit
2009 Tariff
f the actua
RoE.
the letters
anization (R
2012, rega
220 kV line
ested RIO
cuted so th
uested the
ct the insta
kV line bays
ansmission
herefore, th
d it was not
CEA on 29
er commer
line was
asset for a
tioner is no
f Regulation
al date of
dated 28.
RIO), Centr
arding “Cle
e bays at H
for inspec
hat the sam
RIO, CEA
allation for
s at Hassan
line as the
he subject t
t ready for
9.6.2011 an
rcial operat
ready for
additional R
ot entitled fo
ns and acc
Page 14 of 2
commercia
.5.2011 an
ral Electricit
earance fo
Hassan sub
ction of th
me could b
A (vide lette
approval t
n sub-statio
e works hav
transmissio
energisatio
nd certificat
tion only o
commercia
RoE. In vie
or additiona
ordingly, th
25
al
nd
ty
or
b-
he
be
er
to
on
ve
on
on
te
on
al
w
al
he
Orde
33. T
the tax
relevant
15 of 20
34. In
calculati
Equity the datecommeoperati
26
35. B
Interest 36. R
OAdexCAvRe
TRa
Re
r in Petition No.1
The petition
rates viz.,
t Finance A
009 Tariff R
n view of th
ion of return
on e of
ercial on
Notiequdue ACEthe peri2011
622.34 61
Based on th
t on loan
Regulation 1
pening Equiddition due txpenditure losing Equityverage Equieturn on Equ
Tax rate for tate of Retur
eturn on Equ
190/TT/2011
er’s prayer
MAT, surch
Act, shall be
egulations
e above, th
n of equity:
ional ity to
E for
od 1-12
Averequiconsfor tacalcufor thperio2011
12.13
e above, th
16 of the 20
Particulars
ity to Additiona
y ty uity (Base R
he year 200n on Equity
uity (Pre Tax
r to allow g
harge, any
e settled in a
as amende
he following
-
rage ty
sidered ariff ulation he od 1-12
NoeqduACthpe20
2928.40
he following
009 Tariff R
s
l capital
Rate )
08-09 (MAT)(Pre Tax )
x)
grossing up
other cess
accordance
ed from time
g amount of
otional quity ue to CE for e
eriod 012-13
Aveqcoforcaforpe20
38.46
g return on
Regulations
2011(pro-
266
322915
11.17.
3
p the base
s, charges,
e with the p
e to time.
f equity has
verage uity nsidered r tariff lculations r the riod 12-13
3253.70
equity has
provides th
-12 - rata)
201
622.34 323612.13 3
234.47 327928.40 3255.50% 15.5
.330% 11.3
.481% 17.4
383.94 56
rate of RO
levies etc.
provisions o
s been cons
Notional equity due to ACE for the period 2013-14
0.00
been allow
(` i
hat,-
2-13 2013
34.47 3238.46
72.93 3253.70 3250% 15.5
330% 11481% 17.4
68.78 5
Page 15 of 2
OE based o
., as per th
of Regulatio
sidered for
(` in lakh)Average equity consideredfor tariff calculationfor the period 2013-14
3272.9
wed:-
n lakh) 3-14
272.93 0.00
272.93 272.93 50%
.330% 481%
572.14
25
on
he
on
d
ns
93
Orde
“1co (2thg (3e (4trfra (5thp PoPmg (6by (7mabg2 (8d (9th1se Pptrof
37. In
below:-
r in Petition No.1
16. (1) Theonsidered as
2) The normhe cumulativross normat
3) The repaqual to the d
4) Notwithstaransmission rom the firstnnual depre
5) The rate he basis of troject:
Provided thatutstanding, t
Provided furthmay be, does
enerating co
6) The interey applying th
7) The genemake every e
nd in that eeneficiaries enerating co:1.
8) The chanate of such
9) In case ofhe Central E999, as amettlement of
Provided thaayment on
ransmission f loan.”
n these ca
190/TT/2011
loans arrivs gross norm
mative loan ove repaymentive loan.
yment for thdepreciation
anding any mlicensee, as
t year of comeciation allow
of interest sthe actual lo
t if there is nthe last avaiher that if ths not have aompany or th
est on loan she weighted
erating compeffort to re-finevent the cos
and the netompany or th
ges to the tre-financing
f dispute, anElectricity R
mended fromthe dispute
t the benefiaccount oflicensee du
alculations,
ved at in thmative loan f
outstanding ant as admitte
he year of tallowed for
moratorium s the case mmmercial opwed,.
shall be the oan portfolio
no actual loailable weighte generating
actual loan, the transmiss
shall be calc average rat
pany or the tnance the losts associatt savings shhe transmiss
erms and co.
ny of the parRegulatory Cm time to tim
:
ciary or thef the interesuring the pen
interest o
he manner for calculatio
as on 1.4.20ed by the C
the tariff perthat year:
period availmay be the reperation of t
weighted avo at the begi
an for a partted average g station or tthen the wesion licensee
ulated on thte of interest
transmissionoan as long ated with suc
hall be sharesion license
onditions of
rties may maCommission me, including
e transmissiost claimed ndency of a
on loan ha
indicated inon of interes
009 shall be Commission
riod 2009-14
ed by the geepayment ofhe project a
verage rate inning of ea
ticular year rate of inter
the transmisighted averae as a whole
e normativet.
n licensee, aas it results
ch re-financied between e, as the ca
the loans sh
ake an applic(Conduct og statutory
on customerby the genny dispute a
as been w
n regulationst on loan.
worked out up to 31.3.2
4 shall be d
enerating cof loan shall band shall be
of interest ch year app
but normativrest shall be ssion systemage rate of ie shall be co
e average loa
as the case in net savingng shall be the beneficise may be,
hall be refle
cation in accof Business)
re-enactme
rs shall not nerating comarising out o
worked out
Page 16 of 2
12 shall b
by deductin2009 from th
deemed to b
ompany or thbe consideree equal to th
calculated oplicable to th
ve loan is stconsidered
m, as the casnterest of th
onsidered.
an of the yea
may be, shags on intereborne by tharies and thin the ratio o
cted from th
cordance witRegulation
nt thereof fo
withhold anmpany or thof re-financin
as detaile
25
be
ng he
be
he ed he
on he
till : se he
ar
all st
he he of
he
th s, or
ny he ng
ed
Orde
(a
a
c
(b
e
(c
lic
c
d
(d
a
a
38. D
the Anne [
39. D
GrCuNeAdReNeAvWIn
r in Petition No.1
a) Gross
nd weighte
onsidered a
b) The r
qual to the
c) Notw
censee, the
ommercial
epreciation
d) Weig
s per (a) a
rrive at the
Detailed calc
exure to thi
Details of th
ross Normatumulative Reet Loan-Opeddition due tepayment duet Loan-Closverage Loan
Weighted Aveterest
190/TT/2011
s amount o
ed average
as per the p
repayment
depreciatio
ithstanding
e repaymen
operation
n allowed.
hted avera
above is ap
interest on
culation of
is order.
e interest o
Particula
tive Loan epayment u
ening to additional uring the yeasing n erage Rate o
of loan, rep
e rate of in
petition.
for the ta
on allowed
, moratori
nt of the lo
of the p
age rate of
pplied on th
n loan.
the weighte
on loan wor
ars
pto Previous
capital expear
of Interest on
payment of
nterest on
riff period
for that per
ium period
an shall be
roject and
interest on
he notional
ed average
rked on the
2
(p
s Year
enditure
n Loan 8
f instalmen
actual ave
2009-14 s
riod.
d availed
e considere
shall be
n actual av
l average l
e rate of inte
above bas
2011-12 pro rata)
6119.150.00
6119.151428.29
386.887160.576639.86
8.8641%441.42
nts and rate
erage loan
hall be de
by the t
ed from the
equal to
erage loan
oan during
erest has b
sis is as und
2012-13
7547.45 386.88
7160.57 89.75
573.08 6677.24 6918.90
8.8641% 613.30
Page 17 of 2
e of interes
have bee
eemed to b
transmissio
e first year o
the annua
n worked ou
g the year t
been given
der:-
(` in lakh)2013-14
7637.20959.96
6677.240.00
576.476100.776389.00
8.8637%566.30
25
st
en
be
on
of
al
ut
to
in
Orde
Depreci 40. R
deprecia
“1a (2b Ppcr Pthof (3hyex (4rast Pafb (5shC (6cach
41. T
operatio
r in Petition No.1
iation
Regulation
ation in the
17. (1) The vsset admitte
2) The salvae allowed up
Provided tharovided in threation of th
Provided furthe purpose of sale of elec
3) Land otheydro generaxcluded from
4) Depreciatates specifietation and tr
Provided thatfter a periodalance usefu
5) In case ohall be wor
Commission
6) Depreciatase of commharged on p
The transm
on on 1.7.2
190/TT/2011
17 of the
following m
value base foed by the Co
age value of p to maximu
t in case ofhe agreemee site:
her that the of computatctricity unde
er than the ating stationm the capital
tion shall beed in Appenransmission
t, the remaind of 12 yearsul life of the
of the existinked out by up to 31.3.2
tion shall bemercial operpro rata basis
mission ass
011 and ac
2009 Tarif
manner, nam
or the purpoommission.
the asset shum of 90% of
f hydro genent signed b
capital costtion of deprer long-term
land held un shall not l cost while c
e calculated ndix-III to thesystem:
ning deprecis from date oassets.
ng projects,deducting t
2009 from the
e chargeableration of thes.”
sets in the
ccordingly w
ff Regulati
mely:-
ose of depre
hall be consif the capital
nerating staty the develo
t of the asseeciable valuepower purch
nder lease abe a depre
computing d
annually baese regulatio
iable value aof commerci
the balancthe cumulate gross dep
e from the fe asset for p
e instant p
will comple
ons provid
ciation shall
idered as 10cost of the a
tions, the saopers with t
ets of the hyde shall correhase agreem
and the landeciable assedepreciable v
ased on Straons for the
as on 31st Mial operation
ce depreciabive depreciareciable valu
irst year of art of the ye
petition wer
ete 12 year
des for com
be the capi
0% and deprasset.
alvage valuehe State Go
dro generatiespond to thment at regul
d for reservet and its cvalue of the
aight Line Massets of th
March of then shall be sp
ble value asation as admue of the ass
commercial ear, deprecia
re put on
rs beyond 2Page 18 of 2
mputation o
tal cost of th
reciation sha
e shall be aovernment fo
ing station fohe percentaglated tariff.
oir in case ocost shall basset.
Method and ahe generatin
e year closinpread over th
s on 1.4.200mitted by thsets.
operation. ation shall b
commercia
2013-14 an25
of
he
all
as or
or ge
of be
at ng
ng he
09 he
In be
al
nd
Orde
thus dep
rates sp
42. D
OAPCARDRD
Operati 43. C
norms f
and line
are as u
44. B
operatio
r in Petition No.1
preciation h
ecified in A
Details of th
Opening groAddition durProjected AdClosing GroAverage GroRate of DepDepreciableRemaining DDepreciatio
on & main
Clause (g)
for operatio
. Norms pr
under:-
Based on t
on and main
400 kV D/C(`in lakh/km
400 kV Bay
Assets
190/TT/2011
has been ca
Appendix-III
e depreciat
Particula
oss block ring 2009-14dditional capss Block oss Block
preciation Value
Depreciable on
tenance ex
of Regulat
on and mai
rescribed in
the above
ntenance ex
Elemen
C twin & triplem)
ys (`in lakh/b
alculated a
to the 200
tion worked
rs
4 due to pital expend
Value
xpenses
tion 19 of
intenance e
n respect of
norms, th
xpenses wh
nts
e conductor
ay)
nnually bas
9 Tariff Reg
d out are giv
201(pro
8
iture 2
109
5.88
the 2009 T
expenses b
f the eleme
he petition
hich is allow
(r, T/Line
sed on stra
gulations.
ven hereun
11-12
o -rata) 20
741.49 10040.42
781.91 10761.70 102843% 5.785.53 9785.53 9386.88
Tariff Regu
based on t
ents covere
ner has ca
wed: -
2011-12 (pro-rata)
0.701
58.57
2011-12 (pro-rata)
ight line Me
nder:-
(012-13 2
0781.91 1128.21
0910.12 10846.02 1.2838% 59761.42 9374.54
573.08
ulations pre
the type of
ed in the ins
alculated th
2012-13
0.741
61.92
2012-13
Page 19 of 2
ethod and a
` in lakh) 2013-14
0910.120.00
0910.120910.12
5.2838%9819.118859.15
576.47
escribes th
f sub-statio
stant petitio
(` in lakh)
he followin
(` in lakh)
2013-14
0.783
65.46
2013-14
25
at
he
on
on
ng
)
Orde
45. T
had bee
period 2
the emp
calculati
further s
norms f
1.1.2007
46. I
is filed b
Interest 47. A
the inter
(i A
b
re
a
tr
r in Petition No.1
The petition
en arrived a
2003-04 to
ployees of
ing the O &
submitted th
for O & M
7 is more th
It is clarified
by the petitio
t on workin
As per the 2
rest thereon
i) Receivab
As per Regu
e equivale
eceivables
llowed, rec
ransmission
95.875 Km,T/Line 4 Nos. 400 Total O&M
190/TT/2011
ner has su
at on the ba
2007-08. T
f public se
& M expen
hat it would
expenses
han 50%.
d that, if an
oner in futu
ng capital
2009 Tariff
n are discus
bles
ulation 18(1
nt to two
on the bas
ceivables
n charges.
, 400 kV D/C
kV bays allowable
ubmitted tha
asis of norm
The wage h
ector unde
nses for the
d approach
s in case t
ny, applicati
ure, it will be
Regulation
ssed hereu
1) (c) (i) of
months of
sis of 2 mon
have been
C twin condu
at O & M
malized act
hike of 50%
rtaking has
e tariff peri
the Comm
the impact
ion for revis
e dealt with
s the comp
under:-
the 2009 T
fixed cost
nths transm
n worked
uctor,
expenses f
tual O & M
% on accou
s also bee
od 2009-14
ission for s
of wage h
sion of norm
h in accorda
ponents of t
Tariff Regu
. The petit
mission cha
out on th
50.41
175.71226.12
for the yea
expenses
unt of pay
en conside
4. The pet
uitable revi
hike with e
ms of O&M
ance with la
the working
lations, rec
tioner has
arges. In the
e basis o
71.04
247.68 318.72
Page 20 of 2
ar 2009-14
during the
revision of
ered while
itioner has
ision in the
effect from
M expenses
aw.
g capital an
ceivables w
claimed th
e tariff bein
f 2 month
75.07
261.84336.91
25
nd
will
he
ng
hs
7
4
Orde
(i R
s
m
(i R
a
T
T
(i S
c
48. N
appende
Transm 49. T
summar
r in Petition No.1
ii) Mainten
Regulation 1
pares @ 15
maintenance
iii) O & M e
Regulation 1
nd mainten
The petitione
This has bee
iv) Rate of
SBI base ra
onsidered a
Necessary
ed herein b
MaintenanO & M expReceivableTotal Interest
mission cha
The transm
rized hereu
190/TT/2011
ance spare
18(1)(c)(ii) o
5% per ann
e spares ha
expenses
18(1) (c) (ii
nance expe
er has claim
en conside
interest on
ate of8.25%
as the rate
computatio
below:-
nce Spares penses es
arges
mission cha
nder:-
es
of the 2009
num of the O
as accordin
i) of the 20
enses for on
med O&M e
red in the w
n working
%plus 350B
of interest
ons in su
arges being
9 Tariff Reg
O & M expe
ngly been w
009 Tariff R
ne month a
expenses f
working cap
capital
Bps i.e. 11
on working
pport of i
2011-12(pro- rata
45.225.1
327.4397.7
35.0
g allowed
ulations pro
enses from
worked out.
Regulations
as a compo
for 1 month
pital.
.75%, as o
g capital.
nterest on
a) 2012-1
22 472 26
42 35477 42805 50
for the tra
ovides for m
1.4.2009.
s provides f
nent of wor
of the resp
on 1.4.201
n working
(` in la13 2013-
7.81 50.6.56 28.4.04 350.8.40 428.0.34 50.
ansmission
Page 21 of 2
maintenanc
The value o
for operatio
rking capita
pective yea
1, has bee
capital ar
akh) 14
.54
.08
.37
.98
.41
assets ar
25
ce
of
on
al.
ar.
en
re
re
Orde
DIRIO
Filing fe
50. Th
and pu
11.1.201
filing fee
entitled f
petition,
Licence
51. T
cost ass
allowed
entitled
the 2009
Service
52. Th
tax on t
such se
accordin
r in Petition No.1
DepreciationInterest on LReturn on eqInterest on WO & M Expe
Tee and the
he petitione
blication e
10 in Petiti
e directly fro
for reimbur
directly fro
e fee
The petition
sociated wit
to be reco
for reimbur
9 Tariff Reg
tax
he petitione
transmissio
rvice tax in
ngly this pra
190/TT/2011
n Loan quity Working Capenses Total publicatio
r has soug
expenses.
ion No. 10
om the ben
rsement of t
om the bene
ner has sub
th license f
overed sep
rsement of
gulations.
er has made
on charges
n future. W
ayer is rejec
20(pro
pital
on expense
ht reimburs
In accorda
9/2009, the
neficiaries o
the publica
eficiary on p
bmitted tha
fees had no
parately fro
licence fee
e a prayer
separately
We consider
cted.
011-12 o- rata)
2
386.88441.42383.94
35.05226.12
1473.41es
sement of f
ance with
e petitione
on pro-rata
ation expens
pro-rata ba
at in O&M
ot been cap
om the res
e in accord
to be allow
y from the
r the praye
(2012-13 2
573.08613.30568.78
50.34 318.72
2124.22 2
fee paid by
the Comm
r shall be
basis. The
ses in conn
sis.
norms for t
ptured and
pondents.
dance with
wed to bill a
responden
r of the pe
` in lakh) 2013-14
576.47 566.30 572.14 50.41 336.91
2102.23
y it for filing
mission's o
entitled to
petitioner s
nection with
tariff block
the license
The petitio
Regulation
and recover
nts, if it is s
titioner pre
Page 22 of 2
g the petitio
order date
recover th
shall also b
h the presen
2009-14 t
e fee may
oner shall
42A(1)(b)
r the servic
subjected t
-mature an
25
on
ed
he
be
nt
he
be
be
of
ce
to
nd
Orde
Sharing
53. T
governe
inter-sta
54. Thi
r in Petition No.1
g of transm
The billing,
ed by the pr
ate transmis
is order dis
(M De
190/TT/2011
mission cha
collection
rovisions of
ssion charg
poses of P
sd/- eena DayaMember
arges
& disburse
f Central E
es and loss
etition No.
alan)
ement of th
lectricity Re
ses) Regula
190/TT/201
he transmis
egulatory C
ations, 201
11.
(S
ssion charg
Commission
0 as amend
sd/- . Jayarama
Member
Page 23 of 2
ges shall b
n (sharing o
ded.
an)
25
be
of
Orde
CALCSr. De
1 Bo Gr
CuDONeAdReNeAvRaIntRe
2 Bo
GrCuDONeAdReNeAvRaIntRe
3 Bo
GrCuDONeAdReNeAvRaIntRe
r in Petition No.1
CULATION etails of Loaond XXXIV ross loan opumulative ReOCO/previouet Loan-Opedditions durinepayment duet Loan-Closverage Loan ate of Interesterest ep Schedule
ond XXXIII ross loan opumulative ReOCO/previouet Loan-Opedditions durinepayment duet Loan-Closverage Loan ate of Interesterest ep Schedule
ond XXXV ross loan opumulative ReOCO/previouet Loan-Opedditions durinepayment duet Loan-Closverage Loan ate of Interesterest ep Schedule
190/TT/2011
OF WEIGHan
ening epayment upus year ning ng the year uring the yeasing
st
ening epayment upus year ning ng the year uring the yeasing
st
ening epayment upus year ning ng the year uring the yeasing
st
TED AVERA
pto
ar
pto
ar
pto
ar
AGE RATE 2011-
83
83
838387
12
185
185
185185
81612
48
48
484894
12
OF INTERE-12 2012
34.00 83
0.00
34.00 830.000.00
34.00 8334.00 83.84% 873.73 72 Annual ins
21.10
55.00 185
0.00
55.00 1850.000.00
55.00 18555.00 185.64% 860.27 162 Annual ins
8.7.2
83.00 48
0.00
83.00 480.000.00
83.00 4883.00 48.64% 946.56 42 Annual ins
31.5.
(` in laEST ON LOA2-13 2013
34.00 8
0.00
34.00 80.000.00
34.00 834.00 8
8.84% 873.73stalments fro0.2014
55.00 18
0.00
55.00 180.000.00
55.00 1855.00 18
8.64% 860.27 1stalments fro2014
83.00 4
0.00
83.00 40.000.00
83.00 483.00 4
9.64% 946.56stalments fro.2015
Page 24 of 2
Annexur
akh) AN 3-14
34.00 0.00
34.00 0.00 0.00
34.00 34.00
8.84% 73.73
om
55.00 0.00
55.00 0.00 0.00
55.00 55.00
8.64% 60.27
om
83.00 0.00
83.00 0.00 0.00
83.00 83.00
9.64% 46.56
om
25
re
Orde
4 Bo
GroCuDONeAdReNeAvRaInteRe
5 Bo
GroCuDONeAdReNeAvRaInteRe
To
GroCuDONeAdReNeAv
We Int
r in Petition No.1
ond XXXI oss loan ope
umulative ReOCO/previouet Loan-Openditions durin
epayment duet Loan-Closerage Loan
ate of Intereserest
ep Schedule
ond XXX oss loan ope
umulative ReOCO/previouet Loan-Openditions durin
epayment duet Loan-Closerage Loan
ate of Intereserest
ep Schedule
tal Loan oss loan ope
umulative ReOCO/previouet Loan-Openditions durin
epayment duet Loan-Closerage Loan eighted Aveterest
190/TT/2011
ening epayment upus year ning ng the year uring the yeaing
st
ening epayment upus year ning ng the year uring the yeaing
st
ening epayment upus year ning ng the year uring the yeaing
erage Rate o
pto
ar
pto
ar
pto
ar
of Interest
255
255
255255
82212
47
47
474784
12
619
619
619619
854
51.00 255
0.00
51.00 2550.000.00
51.00 25551.00 255.90% 827.04 222 Annual ins
25.2.
74.00 47
0.00
74.00 470.000.00
74.00 4774.00 47.80% 841.71 42 Annual ins
29.9.
97.00 619
0.00
97.00 6190.000.00
97.00 61997.00 619.86% 849.31 54
51.00 25
0.00
51.00 250.000.00 2
51.00 2351.00 24
8.90% 827.04 2
stalments fro2014
74.00 4
0.00
74.00 40.000.00
74.00 474.00 4
8.80% 841.71
stalments fro2013
97.00 61
0.00
97.00 610.000.00 2
97.00 5997.00 60
8.86% 849.31 5
Page 25 of 2
51.00 0.00
51.00 0.00
12.58 38.42 44.71
8.90% 17.58
om
74.00 0.00
74.00 0.00
39.50 34.50 54.25
8.80% 39.97
om
97.00
0.00
97.00 0.00
52.08 44.92 70.96
8.86% 38.11
25
