Preliminary Information Memorandum - Rajasthanenergy.rajasthan.gov.in/content/dam/raj/energy/rvunl/pdf/Tenders/... · to provide information about the Chhabra thermal power plant

Preliminary InformationMemorandum

Rajasthan Vidyut Utpadan Nigam LimitedDisinvestment of 2320 MW Chhabra Thermal PowerPlant

Preliminary Information Memorandum Page 2 of 70

Contents

Disclaimer 4

Abbreviations Used ............................................................................................................................. 5

1 Executive Summary ..................................................................................................................... 7

1.1 Introduction ......................................................................................................................... 7

1.2 Project Status ...................................................................................................................... 7

1.3 Clearances and Approvals...................................................................................................... 9

1.4 Fuel Supply Agreement ....................................................................................................... 10

1.5 Power Purchase Agreement................................................................................................. 12

2 Introduction .............................................................................................................................. 14

3 Project Overview ....................................................................................................................... 16

3.1 Project overview ................................................................................................................. 16

3.2 Site location and accessibility .............................................................................................. 16

3.3 Land details........................................................................................................................ 17

3.4 Details of BOP and BTG contract .......................................................................................... 19

3.5 Water Source ..................................................................................................................... 23

3.6 Power Evacuation ............................................................................................................... 23

3.7 Operational Performance of CTPP ........................................................................................ 24

3.8 Plant Organizational Structure and details of employees ........................................................ 27

3.9 Project Cost and Means of Finance ....................................................................................... 29

4 Power Purchase Agreement ....................................................................................................... 35

5 Fuel Supply Arrangement ........................................................................................................... 38

5.1 Unit 1 & 2 ........................................................................................................................... 38

5.2 Unit 3 & 4 .......................................................................................................................... 40

5.3 Unit 5 & 6 ........................................................................................................................... 42

6 Approvals and Clearances .......................................................................................................... 46

7 Structure for Disinvestment ....................................................................................................... 49

7.1 Proposed structure for disinvestment ................................................................................... 49

7.2 Key Investment Consideration ............................................................................................. 50

8 Profile of RVUN ......................................................................................................................... 52

8.1 Company background .......................................................................................................... 52

8.2 Board of Directors .............................................................................................................. 52


8.3 Details of Operational Assets ............................................................................................... 53

8.4 Ongoing Projects of RVUN ................................................................................................... 54

8.5 Financials of RVUN ............................................................................................................. 55

9 Market Scenario and Assessment ............................................................................................... 57

9.1 Existing Demand and Supply scenario in Rajasthan ................................................................ 57

9.2 Future Demand and Supply scenario in Rajasthan .................................................................. 58

9.3 Existing generation capacity (RVUN, IPPs, Central) ............................................................... 59

9.4 Planned capacity addition in generation in Rajasthan (RVUN, IPPs, Central) ............................ 60

9.5 Comparative analysis of generation tariff.............................................................................. 60

9.6 Competitive Bid scenarios (Case 1) in India ........................................................................... 61

10 Annexure .................................................................................................................................. 63


Disclaimer

This Preliminary Information Memorandum (“PIM”) has been prepared by RVUN’s advisor and intendsto provide information about the Chhabra thermal power plant (“CTPP”, “Project”).

The PIM does not purport to be all-inclusive or necessarily to contain all the information that prospectiveBidders may desire in examining the CTPP. The PIM contains selected information to assist therecipient in making an initial decision to proceed with further investigation. The PIM is not intended toform the basis of any investment decision by prospective Bidders. Bidders should carry out their owninvestigations and analysis of CTPP and of the data referred to in the PIM and should consult their ownadvisors before proceeding with any offer. The information contained in the PIM will not constitute orform part of any offer for sale of CTPP nor will any such information form the basis of any contract inrespect thereof. Any Bidder must rely on the terms and conditions contained in such a contract subjectto such limitations and restrictions as may be specified therein.

No representation or warranty, express or implied, is given by the RVUN or any of their respectivedirectors, partners, officers, affiliates, employees, advisors or agents (and any warranty expressed orimplied by statute is hereby excluded) as to the accuracy or completeness of the contents of this PIM orany other document or information supplied, or which may be supplied at any time or any opinions orprojections expressed herein or therein, nor is any such party under any obligation to update the PIM orcorrect any inaccuracies or omissions in it which may exist or become apparent.

In no circumstances will RVUN or any of its subsidiaries or affiliates or its advisors be responsible forany costs or expenses incurred in connection with any appraisal or investigation of the RVUN/CTPP orfor any other costs or expenses incurred by prospective Bidders in connection with the proposedinvestment in the CTPP. In providing this PIM, RVUN and its advisors undertake no obligation to invitethe recipient to proceed with a further investigation of the RVUN/CTPP and its subsidiary companiesnor to provide the recipient with any additional information, nor otherwise to negotiate with or treat withthe recipient in respect of those companies.

Subject to confidentiality under the EoI, a Bidder who deposits Application Processing Fees should bebound by confidentiality as mentioned in the EoI.


Abbreviations UsedACQ Annual Contracted Quantity

AVVNL Ajmer Vidyut Vitran Nigam Ltd

BOP Balance of Plant

BTG Boiler Turbine Generator

CAGR Compounded Annual Growth Rate

CERC Central Electricity Regulatory Commission

COD Commercial Operations Date

DPR Detailed Project Report

DM Demineralization

EPC Engineering, Procurement and Construction

GCV Gross Calorific Value

GoR Government of Rajasthan

JVVNL Jaipur Vidyut Vitran Nigam Ltd

JdVVNL Jodhpur Vidyut Vitran Nigam Ltd

KwH Kilowatt Hour

LD Liquidated Damages

MDO Mine Developer and Operator

MMT Million Metric Tonnes

MoU Memorandum of Understanding

MT Metric Tonnes

MW Mega Watt

MU Million Units or Million KWH

PFC Power Finance Corporation

PGCIL Power Grid Corporation of India Limited

PPA Power Purchase Agreement

PLF Plant Load Factor

PT Pre- Treatment

PWD Public Works Department

REC Rural Electrification Corporation

RERC Rajasthan Electricity Regulatory Commission

RfP Request for Proposal

RVPN Rajasthan Rajya Vidyut Prasaran Nigam Limited

RVUN Rajasthan Rajya Vidyut Utpadan Nigam Limited

SHR Station Heat Rate

SLDC State Load Dispatch Centre


SPV Special Purpose Vehicle

Y-o-Y Year on Year

YTD Year to Date

The words and expressions beginning with capital letters and defined in this document shall, unless

repugnant to the context, have the meaning ascribed thereto herein, and the words beginning with

capital letters and not defined herein shall have the meaning as ascribed to them in the Invitation of

Expression of Interest (“EoI”).


1 Executive Summary

1.1 Introduction

Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RVUN) is a GoR undertaking under the aegis of

Department of Energy. RVUN was established upon unbundling of erstwhile Rajasthan State

Electricity Board (RSEB) into separate companies for generation, transmission and distribution

functions. Pursuant to the restructuring of the erstwhile RSEB, RVUN took over the entire

power generation business under the State ownership w.e.f. 19.7.2000. Present installed capacity

of RVUN is 5957.35 MW. During the budget speech of Financial Year 2014-15, the GoR announced

disinvestment of at least 10% of its stake in RVUN. However, after subsequent discussions and

deliberations, it was felt that an individual plant wise disinvestment strategy would be more beneficial

for RVUN. Subsequently, in January 2016, the GoR decided to go for disinvestment of Chhabra

Thermal Power plant (CTPP), both the operational units (4X250) and units under advance stage of

construction (2*660) together through one transaction.

1.2 Project Status

Project status as on date is summarized in the below table:

Unit No. Capacity Status COD

Unit1 250 MW Operational 11.06.2010

Unit 2 250 MW Operational 15.10.2011



Unit 5 660 MW Under construction Expected COD 30.12.2016

Unit 6 660 MW Under construction Expected COD-30.06.2018

1.2.1 Project Location and Accessibility

Chhabra Thermal Power Project is located near village Chowki Motipura in Tehsil Chabbra, Distt.

Baran (Rajasthan), which is 22 km from Chabbra Town, 10 Km from interstate border of Madhya

Pradesh, 147 Km from Kota. The coordinates are 24.24° N, 77.03° E.

Plant site is well connected to State Highway-51 & located on Bina-Kota line of West Central Railway.

The nearest railway station is Motipura Chowki which is in between Beena- Kota Section. The site lies

between North Latitudes 24 degree 24 inches and East Longitude 77 Degree 03 inches.


1.2.2 Water Resource System

Water requirement for units 1, 2, 3 and 4 is 800 MCFT/ Year (38500 M3/ day) fulfilled through

following sources:

a. 200 MCFT from Bethali

b. 100 MCFT from Parvati River

c. 500 MCFT from Hindlot Dam

Water Requirement for units 5 & 6 would be 1570 MCFT/ Year. Required water would be supplied

from following projects:

a. 300MCFT from Lhasi Irrigation Project

b. 500 MCFT from Audheri Irrigation Project, and

c. 770 MCFT from Parvan Irrigation Project

1.2.3 Power Evacuation

The Power evacuation for CTPP is being done by 400kV Double circuit lines to Dahra Pooling Station

located 130 km away from this plant by Quad Moose conductors. Power evacuation is also being done

through 2 Nos. interconnectors between Phase –III and Phase II 400kV Switchyards of the CTPP.

The proposed 2 X 660 MW units have a 400 kV Switchyard, which is working on one and half breaker

scheme having facility to connect 2 Nos. 400 kV Lines for the purpose of Power evacuation. In order

to evacuate the power as mentioned above, the generated power of the proposed 2 X 660 MW Power

plant will be stepped up to 400kV using 3 Nos. single phase 21kV/400kV/√3 Generator

Transformers. Bus connected Reactors of 50 MVAR capacity shall be used in the 400 KV Switchyard.

The approval of Power evacuation system has been issued by Rajasthan Rajya Vidyut Prasaran Nigam

Limited (RVPN) vide letter no. 595 dated 04.08.09. Power shall be evacuated by 400KV /220 kv

Switchyard with Inter-connecting Transformers (ICT) through 400KV Bhilwara, 400KV Hindaun,

400KV Adani and 220 KV Jhalawar & 200 KV Kawai-Dahara feeders. Detail of tramission lines for

unit 5 and 6 provided below;

Feeder Status

400kV Anta-I Feeder Ready

400kV Anta-II Feeder Ready

1.2.4 Operational Performance of CTPP

Unit wise PLF for operational units i.e. units 1, 2, 3 & 4 is tabulated below:

Unit Name Deemed PLF (April’16)

Unit 1 77.29%


Unit 2 97.6%

Unit 3 88.21%

Unit 4 97.16%

Average PLF 90.06%

1.2.5 Details of EPC Contract

The BTG equipment for unit 1, 2, 3 & 4 has been provided by BHEL and the turnkey contract for unit

5 & 6 is being done by L&T. Detailed terms are mentioned in section 3.4.

1.3 Clearances and Approvals

Units 1 to 4 of CTPP are already operational and “consent to operate” has already been obtained for

the same. For under construction units all the required approval and clearances are in place.The

status of all the approvals is given in the table below:

S. No. Clearances and approvals Status

Operational Units

1 Consent to operate for Unit 1 & 2 Expired on 31.08.2015. renewal application filed

with renewal awaited

2 Consent to operate for Unit 3 & 4 Expired on 23.01.2015. renewal application filed

with renewal awaited

Under construction Units Unit 5 Unit 6

1 Administrative and Financial

Approval of State GovernmentApproval is on record Approval is on record

2 Water availability Approval on record for allocation of water for

both units

3 Environmental Clearance Clearance is on record Clearance is on record

4 Rajasthan State Pollution Control

Board

Approval on record and valid till 31.08.2018 or

till the date of commissioning, whichever is

earlier

5 NOC for Height Clearance Approval on record and valid till 26.10.2015 for

completion of building/chimney. One time

approval is sufficient for this

6 NOC for construction of chimney NOC on record, one time approval is sufficient


1.4 Fuel Supply Agreement

The following table summarizes the fuel requirement and sources of fuel to CTPP:

(All figures in MTPA)

Year 2016-17 2017-18 2018-19 2019-20 2020-21Raw Coal Requirement 5.10 7.64 9.71 9.71 9.71Availability of Raw Coal from different sources to RVUN for CTPPSECL 1.85 1.85 1.85 1.85 1.85Parsa East & Kanta Basan 2.75 4.33 6.13 6.13 6.37Parsa 0 0 0 0.2 0.2Kente Ext. 0 0 0 0.33 1.29Total 4.60 6.18 7.98 8.51 9.71

Short fall to be met throughallocation of Bridge Linkage 0.50 1.48 1.73 1.20 0

Presently, coal deficit for units 1 & 2 is being met through arrangement of additional coal from SECL,

however in future; the deficit is proposed to be met from coal blocks allotted to RVUN, wherein there

is provision of transfer of coal from coal block to power projects, other than power projects having

linkage with CIL.

Till completion of common rail corridor up to mine head of ‘Parsa East & Kanta Basan’, as well as

commencement of mining operations at ‘Parsa” and ‘Kente Extn’ coal blocks, RVUN vide letters dated

16.05.2016 applied to Ministry of coal for grant of bridge linkage for units 3 & 4 (2x250 MW) and

units 5 & 6 (2x660 MW) respectively in line with the “policy guidelines for grant of ‘Bridge Linkage’

issued by Ministry of Coal, GoI on 08.02.2016.


Unit Annual Fuel

Requirement

Sources Transportation

Unit 1 & 2 The annual

requirement is

estimated to be

about 1.85 MT

per annum (FY

17-21)

,considering G11

grade coal at 85%

PLF

Fuel Supply Agreement has

been signed between RVUN

and SECL dated 24.04.12 to

supply coal for 20 years.

As per the FSA, 100% of

‘Annual Contracted Quantity’

(ACQ) (including 5%

imported coal for FY 2016-

17) is committed by SECL.

Currently, the entire coal

required by RVUN for

running units 1 & 2 is being

provided by SECL. The

deficit for Unit 1 & 2 shall be

calculated in accordance

with the CEA guidelines

published, in December

2015.

Mode of transport for delivery will

be either through rail or road

transport. Third party/contractor

has been deployed which lifts coal

from SECL Korba mine, transports

raw coal from Korba mine to

beneficiation plant, beneficiates raw

coal and transports washed coal

from beneficiation plant to railway

siding and further loading onto

railway wagons.


requirement is

estimated to be

about 2.33 MT

per annum (FY

17-21) ,

considering a

Gross Calorific

Value of 4500

Kcal/Kg at 85%

PLF

Government of India has

allotted Parsa East & Kanta

Basan coal mine to RVUNL

on 31-03-2015 and Parsa

coal mine on 08-09-2015

vide order no

103/13/2015/NA for

utilization in end use plant in

accordance with the

provisions of the coal Mines

(Special Provisions) Second

Ordinance, 2014 and the

Coal Mine (Special

Provisions) Rules, 2014.

For units 3 & 4, coal is supplied

from Parsa East & Kanta Basan Coal

Mine situated in Chhattisgarh. Due

to non-availability of rail link upto

mine head, coal is transported via

road for a stretch of 62/85/110 KM

up to nearest railway siding of

Ramanujnagar/ Kamalpur/ Karonji

and rest through rail. Rail link of 37

kms up to mine head is scheduled to

be completed by July

2017.

33 Km of phase-1 from Surajpur

station of Indian Railways to

Ramanujnagar has been completed

and is in operation. Phase-II from


Unit Annual Fuel

Requirement

Sources Transportation

Ramanujnagar to mine head is

under implementation and

scheduled to be commissioned by

July'2017.


requirement of

coal for Unit 5 &

6 of CTPP has

been estimated

to be about 0.92

MTPA for FY17,

which shall

increase to 5.53

MTPA

subsequently (FY

18 to FY 21),

considering a

Gross Calorific

Value of 4500

Kcal/Kg at 85%

PLF

Government of India has

allotted Parsa East & Kanta

Basan coal block to RVUN on

31-03-2015 vide order no

103/13/2015/NA for

utilization in end use plant in

accordance with the

provisions of the coal Mines

(Special Provisions) Second

Ordinance, 2014 and the

Coal Mine (Special

Provisions) Rules, 2014 and

also allotted Kente Extn.

coal block to RVUN on 31-

03-2015 vide order no

13016/26/2004-CA-I/CA-

III(Pt.)(Vol. II) for end use

power under Rule 4 of the

“Auction by Competitive

Bidding of Coal Mines Rules,

2012”

33 Km of phase-1 from Surajpur

station of Indian Railway to

Ramanujnagar has been completed

and is in operation. Phase-II from

Ramanujnagar to mine head is

under implementation and

scheduled to be commissioned by

July'2017.

1.5 Power Purchase Agreement

The PPA for CTPP as well as other RVUN generating units was signed between RVUNL and the three

distribution utilities of Rajasthan on 23.06.2004. Subsequently the amendments to the PPA were

done on 30 April 2005, 07 June 2007, 18 May 2010, and 15 December 2010. Declared Capacity of

RVUN mentioned in supplementary PPA signed on May 18, 2010 includes operational plants as well

as the upcoming plants (which include Unit 5 and Unit 6 of CTPP). As per PPA, 95% of the installed

capacity of CTPP is tied with distribution utilities namely AVVN, JVVN and JdVVN and rest 5% of the


installed capacity is considered as unallocated capacity and the allocation would be done under the

guidance of GoR.

As per existing PPA, the entire generation capacity of RVUN is tied up with the three distribution

companies in the following ratio:

JdVVNL, 32%

JVVNL, 40%

AVVNL, 28% JdVVNL

JVVNL

AVVNL

PPA Break Up


2 Introduction

RVUN is a GoR undertaking, entrusted with the job of development of power projects, in the state

along with operation & maintenance of state owned power stations. The installed capacity of RVUN is

5957.35 MW. As per audited financial for the year 2015, RVUN has accumulated losses of Rs. 4,014.

17 Crore.

In order to bring in operational efficiencies and reduce the burden on the Govt. of Rajasthan (GoR) to

infuse equity for future projects, in the budget for financial year 2014-15, GoR decided the for the

disinvestment of at least 10% of its stake in RVUN. However, after subsequent discussions and

deliberations, it was felt that an individual plant wise disinvestment strategy would be more beneficial

for RVUN. Subsequently, in January 2016, the GoR decided to go for disinvestment of CTPP, both the

operational units (4X250) and units under advance stage of construction (2*660) together through

one transaction

This disinvestment is expected to reduce the monetary burden on GoR as it shall not be required to

infuse the remaining equity for the under-construction units of CTPP. These government funds may

be used for other welfare projects running under the GoR. Moreover, the disinvestment would reduce

the debt burden of RVUN. As per the decision of the GoR, it is proposed that CTPP shall be

disinvested and transferred to the Selected Bidder or SPV as the case may be. The exact mode of

transfer of CTPP to the Successful Bidder shall be mentioned in the RFP document. All the CTPP

assets as well as agreements/linkages and approvals shall be transferred to the Successful Bidder.

All the relevant documents, agreements etc., for the purpose of due-diligence, shall be provided to

the Shortlisted Bidders at the Request for Proposal (RFP) stage. The transfer as well as details of

such transfer of the employees shall be provided at the RFP Bid Stage. It is anticipated that

disinvestment of CTPP shall improve operational efficiency, generate resources for state, and achieve

lower tariff for the consumers.

This PIM provides the details about CTPP, however Bidders are suggested to carry out their own due

diligence before submission of their Applications.

This PIM is divided into the following categories:

· Chapter – 3: Project Overview – This section contains project specific information such as

project’s site location and accessibility, land details, BOP and BTG contract details, water

source, power evacuation, operational performance, organizational structure, project’s cost

and means of finance.

· Chapter – 4: Power Purchase Agreement – This section highlights PPA details of CTPP with

distribution utilities along with the major terms and conditions of PPA including allocation of

power, tariff, effective date an duration of agreement, governing laws etc.


· Chapter - 5: Fuel Supply Details – This section summarizes annual fuel requirement, fuel

linkage details, fuel transportation, fuel pricing and coal deficit plans of CTPP’s units 1 to 6.

· Chapter - 6: Approvals and Clearances – This section contains details of statutory and other

clearances of CTPP’s units.

· Chapter - 7: Structure for Disinvestment - This section comprises of proposed model of

disinvestment and investment highlights

· Chapter - 8: Profile of RVUN – This section comprises of RVUN’s background, RVUN’s board

of directors, details of operational assets, RVUN’s ongoing projects (coal, gas and hydel

projects) and financial performance of RVUN in the financial years of FY13, FY14 and FY15.

· Chapter - 9: Market scenario and assessment – This section provides an overview of the

existing demand and supply scenario of power in Rajasthan, future projections, existing

generation capacity in Rajasthan, planned capacity addition in generation in Rajasthan,

comparative analysis of generation tariff, bid scenarios in India.

· Annexures: Annexures highlight CTPP’s unit wise details inclusive of salient features, asset

details and technology inclusive of BTG and BOP equipment details, employee strength at

CTPP’s units 1 to 6, summary of key milestones for units 5 and 6 and ceiling price details


3 Project Overview

3.1 Project overview

CTPP is a coal based thermal power project having an operational capacity of 1000 MW and advanced

stage under construction capacity of 1320 MW. Unit wise details are as follows:

Unit No. Stage/ Phase Capacity Status COD

Unit1 Stage I/Phase I 250 MW Operational 11.06.2010


Unit 3 Stage I, Phase II 250 MW Operational 19.12.2013


Unit 5 Stage II, Phase III 660 MW Under construction Expected COD 30.12.2016

Unit 6 660 MW Under construction Expected COD-30.06.2018

3.2 Site location and accessibility

CTPP is located near village Chowki Motipura in Tehsil Chabbra, Distt. Baran (Rajasthan) which is 22

Km from Chabbra Town, 10 Km from interstate border of Madhya Pradesh, 147 Km from Kota. The

coordinates are 24.24° N, 77.03° E.

District Baran can be located on the map as given below:


Figure: Location of Baran District

CTPP site is well connected to State Highway-51 & located on Bina-Kota line of West Central Railway.

The nearest railway station is Motipura Chowki which is in between Beena- Kota Section. The site lies

between North Latitudes 24 degree 24 inches and East Longitude 77 Degree 03 inches. Tabulated

below is the snapshot of the accessibility and linkage nodes from the CTPP site location.

From Approximate Distances (Kms.)

Chhabra Railway Station 30 to 35

Chhabra Town 25 to 30

Jaipur Airport 300 to 350

Kota City 125 to 130

Baran Town 60 to 70

3.3 Land details

The land under CTPP’s units 1 to 4 & residential colony measures to a total area of approximately

2,134 bigha including private land, which is spread over 4 different villages. Tabulated below is the

breakup of khasra nos. along with land area:

S. No. Village Khasrano.

Govt. land(figures inbigha)

Gazettenotificationdate of privateland

Private land(figures inbigha)

Remarks

1 Bhatkhedi 143 524.14 12.09.2005 111.14 Land acquiredfor Unit 1 to 4(Stage -I)

2 Chowki 81 392.06 340.153 Mawasavyas 21 112.12 2.01


S. No. Village Khasrano.


Gazettenotificationdate of privateland

Private land(figures inbigha)

Remarks

4 Leetarkhedi 162 570.11 9.02Sub Total 1,598.43 462.32

5 Niyamatpur 8 15.0026.12.2006 Land Acquired

for Unit 1 to 4(Stage I) &also BethaliPump

6 Bhatkhedi 13 14.10

7 Chowki 16 41.04Total

70.148 Teetakhedi

3.11Sub Total

3.11Total 1,671.68 462.32

The land area mentioned above comprises of main power house building, cooling towers, ash handling

plant, ESP units, marshaling yard, switchyard & control room, hydrogen generation unit etc. along

with residential colony which has staff quarters, guest house and recreational areas within the

colony. The surplus land allocated to RVUN for CTPP, shall not be transferred to Selected Bidder

along with the CTPP assets.

Units 5 and Unit 6 are in advanced stages of construction, land required for the project is in

possession of RVUN and the detail of land acquired is tabulated below:

Sr.No. Village Khasra

no.


Gazzettenotificationdate of privateland

Privateland(figures inbigha)

Remarks

1 Mawasvyas 157 465.00

17.07.2009

116.08

Landacquiredfor unit 5to 6 (Stage-II)

2 Teetakhedi 115 577.03 126.04

3 AmanpuraNayagaon 58 300.14 4.05

4 Arniyapar 41 230.09 57.17

5 Hanavatkhedapar 166 596.07 45.06

6 Akodiyapar 18 74.08 89.14Sub Total 2,242.41 437.54

7 Hanavatkhedapar 5 20.03

21.11.2011Addt. landacquiredfor Unit 5to 6(Stage -II)

8 AmanpuraNayagaon 7 20.12

9 Teetakhedi 13 30.0210 Akodiyapar 10 63.0011 Arniyapar 9 51.13

Sub Total 184.30


Sr.No. Village Khasra

no.


Gazzettenotificationdate of privateland

Privateland(figures inbigha)

Remarks

Total 2,426.71 437.54

3.4 Details of BOP and BTG contract

Details of BOP and BTG contracts for units 1 to 4 and other contracts of units 5 & 6 of CTPP are

tabulated below:

S.

No.Particular Of Unit

Type Of

Contract

Name Of

Contractor

Date Of

Sanction COD

Details of BOP and other contracts

1.Unit 1 & 2

(2X250 MW)BOP

M/s Punj Lloyd,

New Delhi11.08.2005

Unit 1 – 11.06.2010

Unit 2- 15.10.2011

2.Unit 3 & 4

(2X250 MW)BOP

M/s Indure Pvt.

Ltd., New Delhi31.01.2007

Unit 3- 19.12.2013

Unit 4 – 31.12.2014

Details of BTG Contract

1.Unit 1 &2

(2X250 MW)BTG

M/s BHEL, New

Delhi11.08.2005

Unit 1 – 11.06.2010

Unit 2- 15.10.2011

2.Unit 3 &4

(2X250 MW)BTG

M/s BHEL, New

Delhi31.01.2007

Unit 3- 19.12.2013

Unit 4 – 31.12.2014

Details of turnkey contracts for units 5 & 6

7 Unit 5 and Unit 6

On-shore

supplies,

Off-shore

supplies

and Civil

works*

L&T -Unit 5 and Unit 6 are

expected to becommissioned by

Dec’16 and Jun’18respectively

*Contract Details in below table

It is further provided that river water system, railway siding system required for all the units are in

place.


Summary of major terms and conditions of EPC contract for Units 5 & 6 (Onshore, Offshore and

EPC) are tabulated below:

All the three contracts pertaining to onshore, offshore and EPC have been awarded to L&T. A brief

summary of the costs as well as major terms and conditions is as follows:

Particular $-million Yen-Million Rs. Crore

Total contractvalue

(in crore)

Off Shore Supplies 31.49 2032.11 5.72 315.44

On shore Supplies 86.06 3059.47 3,489.62 4,170.0

Providing all Services, Erection, Testing,Commissioning & Civil Works

1,202.58 1,202.58

Total Contract Price 117.55 5091.58 4,697.92

Total Contract price in equivalent INR withapplicable Exchange rate as on03.12.2012 1US$ = Rs. 55.12 & 100Japanese Yen = Rs. 67.34 5,688.72

(In Words Rupees Five Thousand Six Hundred Eighty Eight Crores Seventy Two LacsSeventy Nine Thousand One Hundred Four Only)

I. Any variation in rate of applicable Indian taxes, duties, levies etc, variation in applicable

taxes, introduction of new taxes etc. shall be to the account of RVUN

II. Terms of payment

· 5% of the contract price for on shore services as first initial advance against

acceptance of LOI, submission of unconditional bank guarantee

· 5% of contract price for on shore services as second and final advance within 6

months from date of issue of LOI

· 80% of the price of EPC, Civil & Architectural works plus price adjustment along with

100% applicable taxes to be paid on pro rata basis

· 10% of the price for providing all services, erection, testing etc. component of the

contract price plus price adjustment on issuance of Final takeover certificate

III. Project Schedule: The contractual commissioning schedule period for the units shall be 42

months and 45 months for units 5&6 respectively.

IV. LD @0.5% of the contract price of each unit per week subject to a maximum of 10%.

V. LD for shortfall in Guaranteed performance parameters

a. If performance test results during performance guarantee tests deviate from

the guaranteed values, the contractor shall correct the equipment at its own


expense. In case of un-remedied shortfall in guaranteed performance

parameters, the contractor shall pay LD to RVUN as stipulated below:

a) For every 1 kW shortfall in gross power output Rs.0.45 million

b) For every 1T/H decrease in steam flow at SG super-heater outlet

Rs. 5 million

c) For every 1 kW increase in auxiliary powerconsumption

Rs.0.45 million

d) For every 1 kW increase in transformer losses Rs.0.45 million

e) For every 1 kCal/KwH increase in weighted averagegross unit heat rate per unit

Rs. 30 million

f) For every 1 mwc increase in cooling water pressuredrop across condenser

Rs. 50 million

g) For every tonne differential per annum of 33% HCl Rs. 54,000

h) For every tonne differential per annum of 48% NaOH Rs. 5 lakhs

Contract price adjustment

a. Price adjustment in this contract shall not exceed 20% ofb. Escalation to be governed by the following formula

EC1= EC0 (0.2+a.A1/A0 x f1 + b.B1/B0 x f2 + c.C1/C0 x f3 + 0.25 L1/L0 x f4)

Where,

EC0 Ex-works / FOB supply price-component less advance paid (without taxes and

duties, transport, Insurance etc.) of the contract price for equipment, shipment-

wise.

EC1 Adjusted supply price—component of equipment (without Taxes & duties,

transport & insurance, etc) Shipment-wise

a Co-efficient of steel material involved in the Ex-Works /FOB price of the

equipment / materials

b,c Co-efficient of any other material involved in the Ex-Works / FOB price of the

equipment / materials to be selected by the Contractor and indicated in the bid.

a+b+c=0.55

Co-efficient of labour component in the Ex-Works/FOB price of the equipment/

materials = 0.25

A,

B,

C

published price indices of materials corresponding to a.b,c.

L Labour index

Subscript ‘o‘ refers to indices as on 30 days prior to date set for opening of


techno commercial bid

Subscript ‘ I‘ refers to indices as on

One month prior to the date of shipment. for labour and

at the expiry of two—third (2/3) period from the zero date to the date of

Shipment, for materials

fl, f2 and f3 are Exchange Rate Correction Factors for the respective materials

and f4 is the Exchange Rate Correction Factor for labour with reference to the

currency of the country of origin of index and the respective contract currency,

such that

f=Z0/Z1

Where Z is the no. of units of the currency of the country of the origin of index,

which is equivalent to one unit of the respective Contract currency. The

exchange rates to be used for calculation of factor ‘F shall be as per Bills Selling

Exchange Rates Established by the STATE BANK OF INDIA.

For ‘Z0’ subscript ‘o' refers to exchange rates as on the date thirty (30) days

prior to the date of opening of bid Cover No. I

subscript ‘1' refers to exchange rates as of

one month prior to the date of shipment, for labour and

at the expiry of two-third (2/3) period from the’ zero date to the date of

shipment for material

For purposes of this clause, in the event of shipments beyond scheduled date

for supply completion the price adjustment shall be as worked out based on the

(1) supply scheduled completion date and (2) actual date of shipment &

whichever is lesser shall be payable

Summation of EC1 shall be limited to (100 +/- 20)% (Hundred plus / minus

twenty) percentage of total ex-work/FOB price for supply ofequipments

The above formula for price adjustment will be applicable in the currency in

which

The contract price is expressed is different from the currency of origin of labour

and

Material indices. In other cases, formula shall be applied without the exchange

rate

Correction factor ”f”.

II Contract Price Adjustment for the ex-works / FOB price for supply of

mandatory spares

The Contract Price Adjustment for the ex-works / FOB price for supply of


mandatory spares shall be as per the formula for price adjustment of Ex-Works

/ FOB price for the supply of equipment’s, limited to (l00 +/- 20)% (Hundred

plus /minus twenty) percent of the ex-works /FOB price for supply of mandatory

spares.

3.5 Water Source

Water requirement for units 1, 2, 3 and 4 is 800 MCFT/ Year (38500 M3/ day) fulfilled through

following sources:

a. 200 MCFT from Bethali

b. 100 MCFT from Parvati River

c. 500 MCFT from Hindlot Dam

Water Requirement for units 5 & 6 would be 1570 MCFT/ Year. Required water would be supplied

from following projects:

d. 300MCFT from Lhasi Irrigation Project

e. 500 MCFT from Audheri Irrigation Project, and

f. 770 MCFT from Parvan Irrigation Project Parvan Irrigation Project will provide 770 MCFT.

3.6 Power Evacuation

The power evacuation for CTPP is being done by 400 KV Double circuit lines to Dahra Pooling Station

located 130 KMS away from this plant by Quad Moose conductors. Power evacuation is also being

done through 2 Nos. interconnectors between Phase –III and Phase II 400 KV Switchyards of the

CTPP.

The proposed 2 X 660 MW units have a 400 KV Switchyard working on one and half breaker scheme

having facility to connect 2 Nos 400 KV Lines for the purpose of Power evacuation. In order to

evacuate the power as mentioned above, the generated power of the proposed 2 X 660 MW Power

plant will be stepped up to 400kV using 3 Nos. single phase 21kV/400kV/√3 generator transformers.

Bus connected Reactors of 50 MVAR capacity in the 400 KV Switchyard. The approval of power

evacuation system has been issued by RVPN vide letter no. 595 dt. 04.08.09. Power shall be

evacuated by 400KV /220 kv Switchyard with Inter-Connecting Transformers (ICT) through 400 KV

Bhilwara, 400KV Hindaun, 400KV Adani and 220 KV Jhalawar & 200 KV Kawai-Dahara feeders.

Details of transmission lines for unit 5 and 6 are provided below;

Feeder Status

400kV Anta-I Feeder Ready

400kV Anta-II Feeder Ready


3.7 Operational Performance of CTPP

A comparative analysis of PLF of CTPP verses RERC approved PLF is presented in a graph below

Unit wise PLF for operational units i.e. Unit 1, 2, 3 & 4 is tabulated below

Unit Name Deemed PLF (April’16)

Unit 1 77.29%

Unit 2 97.6%

Unit 3 88.21%

Unit 4 97.16%

Total 90.06%

Monthly deemed Plant load Factor for CTPP for FY2015-16 is tabulated in the table below:

DeemedPLF (%)

Apr-15 May-15

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-16

Feb-16

Mar-16

Unit 1 100.07 60.36 0.00 0.00 1.95 0.00 0.00 0.00 0.00 0.00 0.00 20.34

Unit 2 90.9 93.8 99.0 28.7 0.0 17.4 80.0 98.0 61.6 89.9 97.6 88.6

Unit 3 68.2 26.2 51.6 81.8 49.1 75.4 17.0 90.1 94.7 93.8 92.4 98.0

Unit 4 50.9 92.7 88.8 85.0 54.7 73.6 46.0 58.2 94.7 95.9 88.0 93.5

70.50%

66.76%63.27% 64.39%

58.01%

80% 80% 80% 80% 80%

50.00%

55.00%

60.00%

65.00%

70.00%

75.00%

80.00%

85.00%

FY12 FY13 FY14 FY15 FY16

RVUN

RERC


Deemed generation at base load is the units that will be generated if the station was operating as per

the injection schedule without being asked to back down and average actual generation is the units

generated by the station after receiving SLDC’s advice for back down. The PLF calculated based on

deemed generation is known as deemed PLF.

As can be seen from the above, the deemed PLF of the station for 2015-16 was around 60%,

however, this happened as Unit 1 was shut for almost 6 months due to occurrence of fire at the

generator transformer. Some issues pertaining to manpower, tripping, and synchronization of unit 4

were encountered during first half of the year, however, in the period Nov’15 onwards, the PLF has

shown significant improvement and is being maintained at 90% levels. This trend is expected to

continue in the future as all the units have stabilized and no major issues, which may have an adverse

impact on the PLFs, are envisaged.

Power station wise Auxiliary Power Consumption variation

Power station wise Specific Coal Consumption variation

0.00

20.00

40.00

60.00

80.00

100.00

120.00

Unit Wise Deemed PLF

Unit 1 Unit 2 Unit 3 Unit 4

11.60%

10.69% 10.63% 10.70%10.45%

9% 9% 9% 9% 9%

8.00%

8.50%

9.00%

9.50%

10.00%

10.50%

11.00%

11.50%

12.00%


RVUN

RERC


Power station wise Specific Oil Consumption variation

0.660.64 0.65

0.680.65

0.51 0.51 0.51 0.51 0.51

0.40

0.45

0.50

0.55

0.60

0.65

0.70


RVUN

RERC

3.15

1.65

2.74

2.15

3.84

0.5 0.5 0.5 0.5 0.5

0

0.5

1

1.5

2

2.5

3

3.5

4

4.5


RVUN

RERC


3.8 Plant Organizational Structure and details of employees

3.8.1 Plant Organizational Structure

At CTPP, the organizational structure shown below:

Working cells and functional structure of Operations blocks are given below:

Working cells and functional structure of maintenance blocks are given below:

Working cells and functional structure of purchase and stores blocks are given below:

Chief Engineer

Additional ChiefEngineer

Deputy ChiefEngineer (O)

Deputy ChiefEnginner (E)

Deputy ChiefEnginner (M)

ElectricalMaintenance

MechanicalMaintenance C&I Maintenance Maintenance

Planning

Power PlantOperations

CoalHandling Unit

Ash HandlingUnit

CoolingTower andPT Unit

Operationsservices andTariff cell

Superintendent Engineer

Executive Engineer


Working cells and functional structure of Administration blocks are given below:

Working cells and functional structure of Construction blocks are given below

3.8.2 Details of Employees

CTPP employs around 572 people in different catergories. A snap shot of employees is provided in the tablebelow

Employee category No. of employees

Executives 239

Non-Technical Officers 13

Administration Staff 48

Technical Workmen 272

Total employees strength 572

Category wise detail is provided in Annexure III.

MaterialPlanning Procurement

ContractsCell Stores Purchase Cell

TrainingEmployeeBenefits

Townshipand plantsecurity

TownshipMaintenance

Finance andAccounts

IT Cell Safety Legal CellPublicRelation

RegulatoryAffairs

Projectmanagement

CivilConstruction

Mech/ElectConstruction

C&I and ITinstallation

ProjectCommission


3.9 Project Cost and Means of Finance

This section provide the detailed actual project cost, cost approved by RERC and means of finance foroperational and under construction unit of CTPP

3.9.1 Project Cost

Unit 1 and 2

The detailed cost of the unit 1 and 2 are provided in the table below:

(Rs. In crore)

S. No. ParticularsCapex up to15.10.2011

Allocation inUnit 1

Allocation inUnit 2

1 Land and site development 11.41 5.71 5.72 Supply of boiler TG and ESP work 1004.31 508.43 495.883 ETC work of boiler TG and ESP 111.83 59.07 52.764 Balance of work plant supply 810.28 411.53 398.75

5River water system work &supply 41.39 20.57 20.82

6 Const. of township boundary etc. 50.56 25.28 25.287 C& I work & supply 25.89 12.61 13.288 Const of 33 kv Gas & supply 2.72 1.36 1.369 400kv spare bay line 0.82 0.41 0.41

10 Supply of dozers (3 nos.) 4.34 2.17 2.17

11Balance of works for power supply to flyash systems 10.93 5.46 5.47

12 Supply of hydra/ locomotive 7.98 3.99 3.9913 Supply of misc. pumps 0.17 0.09 0.0814 Supply of fire tender 0.86 0.43 0.4315 Other Building 2.15 1.07 1.0816 IDC and capitalised expenditure 521.4 198.13 323.2717 Furniture and fixtures 0.65 0.33 0.3218 Office equipment 0.37 0.18 0.1919 Vehicles 0.11 0.05 0.0620 Other expanses capitalised 30.69 13.81 16.88

21Const. of annicat and raising ofdam 29.53 14.76 14.77

22 Railway siding 50.00 25.00 25.00Total 2718.39 1310.44 1407.95

An additional capex of Rs. 101.61 Cr has been incurred after 15.11.2011 on the unit 1 and 2

resulting total cost of unit 1 and 2 amounted to Rs. 2820.

The details of actual cost and approved cost along with disallowed items are provided in the table

below:


(Rs. In crore)

UnitNo. COD RERC order

ActualCost Approved cost Disallowance

1 11.06.201006.06.2013 2,820.00 2,416.00 404.00

2 15.10.2011

List of disallowed items is as follows:

(Rs. In crore)

Disallowed Elements (Rs. Cr.) Unit 1&2

Work contract tax 22.46Liquidated damages 64.18Interest during construction 149.31Diversion from unit 1&2 to 3&4 66.49Additional Capitalization 101.56Total 404.00

Unit 3 and 4

The detailed cost of the unit 3 and 4 are provided in the table below:

(Rs. In crore)

S.No. Particulars Enhanced cost

Allocation inUnit 3

Allocation inUnit 4

1 Furniture& Fixtures and Office equipment 0.94 0 0.94

2 Generator Island( Steam & Turbine) 1223.37 695.24 528.13

4 BoP (Mechanical & Electrical) 879.34 499.73 379.61

5 Control & Instrumentation 33.56 19.07 14.49

6 Civil Works 40.00 22.73 17.27

7 Water Supply System 79.16 44.98 34.18

8 Water reservoir 11.79 6.70 5.09

9 Colony & Residential Quarter 28.08 15.96 12.12

10 Pre-Fabrication Rooms 5.29 3.01 2.28

11 Other 2.33 1.32 1.01

12 Construction Road 29.00 16.48 12.52

13

Construction and pre commissioningexpenses, Development And pre-operative including overheads,Establishment or AdministrationExpenses, Design EngineeringContingencies and consultancy Charges

21.89 13.37 8.52

14 IDC & FC 689.83 312.02 377.81

15 Entry Tax & Labour Welfare Cess 7.73 0 7.73


S.No. Particulars Enhanced cost

Allocation inUnit 3

Allocation inUnit 4

16 BHEL Spares17 Total Cost incurred as on COD 3052.31 1650.62 1401.69

Sum diverted from unit 1 & 2 (orderdated – 06.06.2013) 66.51Total Capital Cost 3052.31 1650.62 1468.20

The details of actual cost and approved cost along with disallowed items are provided in the tablebelow:

(Rs. In crore)

UnitNo. COD RERC order

ActualCost

Capital costtill COD

Provisionallyapproved cost

Disallowance

3 19.12.2013 22.05.20153,052.31 2966.95 2593.84 373.11

4 30.12.2014 27.10.2015

List of disallowed items

(Rs. In crore)

Disallowed Elements Unit 3&4Construction road 14.40Other Civil work 0.18Furniture 0.94Fab. Rooms 2.28Entry tax 7.73C&I 0.14Others 0.15IDC 347.48Total 373.11

Unit 5 and 6 – Under Construction

A detail of the current estimated cost is provided in the table below:

S. No. Particulars

TotalEstimatedcost

1 Preliminary Investigation 15.001 Land and site development 100.002 Steam Generator Island 3500.003 BOP 2330.00

4Hydro structure for raw water system including water transportto plant 600.00

5 External coal transportation system 100.006 Project Management & contingency 50.007 IDC & Financing cost 1225.00


S. No. Particulars

TotalEstimatedcost

Total 7,920.00

The current cost estimates for unit 5 and 6 is Rs. 7,920 Cr. However, the cost estimates of both units

5 & 6 are currently under revision. For the avoidance of doubt, it is further clarified that any cost

implication which may occur as a result of requirements mentioned under the Gazette of India,

notification number 2620 dated 08.12.2015 has not been considered in the above mentioned cost.

Major Milestones for Unit 5 & 6 are provided in the Annexure IV.

3.9.2 Means of finance

The following table summarizes the sources of funds for project cost:

Disbursement schedule of the project cost for Unit 5&6 and the break-up of the cost along with themeans of finance for the operational units are summarized below:

(Rs. In crore)Particulars Total cost Total Debt Total Equity

Unit 1&2 2,820.00 2,256.00 564.00

Unit 3&4 3,033.50* 2,426.90 606.60

Total 5,835.50 4,682.90 1,170.60

‘* Actual cost of for unit 3 and 4 was Rs. 3052.31 Cr. Balance Rs. 18.81 cr has been arranged

through internal accruals by RVUN.

The estimated project cost, project cost incurred and means of finance for unit 5 and 6 are providedin the table below

(Rs. In crore)Particulars Total cost Total Debt Total Equity

Estimated cost and means offinance

7,908.00* 6,324.00 1,584.00

Actual cost and means offinance

5,361.83 4,296.83 1,065.00

‘*Total project cost for unit 5 and 6 is Rs. 7920.00 Cr. but the funds tied up till date are Rs. 7908.00

Cr. The balance funds of Rs. 18.00 Cr may be arranged through internal accruals, as and when

required.


The schedule of disbursement of debt and equity infusion is provided in the table below:

(Rs. In crore)

ParticularsFinancial Year

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

disbursedState Equityinfusion

150.00 190.00 225.00 500.00 1,065.00

PFC Loan - 770.59 770.58 1,696.49 3,227.66REC loan - 50.00 388.08 631.09 1,069.17Total 150.00 1,010.59 1,383.66 2,817.58 5,361.83

3.9.3 Details of outstanding debt

The details of outstanding debt balance for different stages of CTPP are tabulated below:

(Rs. In crore)

Stage Lender Sanctioned Amount Outstanding as on31.03.2016

Unit 1&2 PFC 2,256.00 1530.05Unit 3&4 PFC 1465.14 1465.14Unit 3&4 REC 961.76 846.82

Unit 5&6 (U/C) PFC 3794 1541.17

Unit 5&6 (U/C) REC 2530 438.08

Total 11006.9 5821.26

The major terms and conditions as per the sanction letter for the Unit 5 & 6 are summarized below;

· Installment of interest and tax payable quarterly on 15th April, 15th July, 15th October and

15th January.

· PFC shall have the Right to reset the rate of interest, at its discretion, from third/tenth year

beginning from date of disbursement.

· Loan to be repaid in 60 equal quarterly installments and first installment will become due on

15th July’15

· Prepayment of loan only after obtaining prior permission from PFC. Such approval may be

granted subject to such conditions as PFC deems fit.

· In case of payment default, additional rate of interest of 2.0%

· Loan shall be guaranteed fully by State govt or SBI or else

o the loan shall be secured with the prescribed coverage ratio of 1.35.


o a first pari passu charge by way of mortgage of all immovable properties of units

5&6.

o A first charge by way of hypothecation of all RVUN’s movable assets

· RVUN to open an escrow account for entire pendency of loan with coverage factor as 1.35

· RVUN shall not sell/transfer or abandon the project at any stage without prior consent of

PFC.


4 Power Purchase Agreement

The PPA for CTPP as well as other RVUN generating units was signed between RVUNL and the three

distribution utilities of Rajasthan on 23.06.2004. Subsequently, the amendments to the PPA were

done on 30.04.2005, 07.06.2007, 18.05.2010, and 15.12.2010. Declared capacity of RVUN

mentioned in supplementary PPA signed on 18.05.2010, mentions operational plants as well as the

upcoming plants, which includes Unit 5 and Unit 6 of CTPP. As per existing PPA, the entire

generation capacity of RVUN - CTPP is tied up with the three Distribution companies in the following

ratio:

Summary of major terms and conditions of PPA:

Parties to the agreement: The agreement was signed between RVUN on one hand and AVVN, JVVN,

and JdVVN. Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN) is the co-signatory of the power

supply agreement. The PPA governs the terms and conditions for sale of power from all RVUN plants

including CTPP. (RVUN to provide details on RVPN’s role)

1. Allocation of Power: As per PPA, 95% of the installed capacity of CTPP is available for

allocation to Distribution Utilities. Rest 5% of the installed capacity is considered as unallocated

capacity and the allocation would be done under the guidance of GoR.

2. Third Party sale of energy: The PPA does not allow RVUN to supply power generated by its

generating stations directly to third party except in a situation where total demand of all the

distribution utilities combined together becomes less than RVUN’s capacity and SLDC advises

RVUN to back down its generation, and such third party sale can be done only:

a. With consent of distribution utility; or

JdVVNL, 32%

JVVNL, 40%

AVVNL, 28% JdVVNL

JVVNL

AVVNL

PPA Break Up


b. if the procurer i.e. distribution utilities does not clear its dues to RVUN as per

schedule.

3. Default to PFC: In case of default of payment to PFC by RVUN, PFC shall have the right to

transfer the project to themselves or to their agents, who will run the plant and sell the

electricity to third party.

4. Start-up and auxiliary back up power: Start-up and auxiliary back up power required by RVUN

power stations as reflected in the energy account shall be adjusted on annual basis from the

energy sent out.

5. Tariff: The tariff of generating units is currently being determined by Hon’ble Rajasthan

Electricity Regulatory Commission as per regulations specified by the commission. The

different component of the tariff are given below:

· Annual Fixed Cost

o O&M Expenses

o Depreciation

o Interest & Finance Charges

o Interest on transitional loan

o Interest on working capital

o Lease Rentals

o Insurance on fixed assets

o Return on Equity (15.50 % allowed as per RERC norms)

o Additional Contribution towards Pension and Gratuity Fund

o Prior Period Charges

o Non-Tariff Income (Subtracted)

· Variable Charge

o Per unit cost of secondary fuel

o Per unit cost of fuel

As a result of above components, the fixed charges determined by RERC for Unit (1 to 2) for

2015-16 of CTPP is Rs 437.64 Cr and variable charge is 2.20 Rs/Kwh. The above mentioned

fixed charge is without return on equity as RVUN has been operating on the principle of “No

Profit No Loss”. However, from April 1, 2016, RERC has allowed ROE in tariff of generating

units of RVUN in a phased manner.

In Interim tariff order for FY 2016-17, Hon’ble RERC allowed an interim tariff of Rs.

3.860/KWh for unit 3 and Rs. 3.268/KWh for unit 4.

6. Effective Date and Duration of Agreement: As per PPA, the agreement shall remain operative

till March 31st, 2029, provided that agreement may be mutually extended, renewed or replaced

by another agreement on such terms and for such further period of time as the parties may

mutually agree. It is clarified that as on the date of the Transaction, the PPA transferred to the


Selected Bidder shall be valid for 25 years from the COD of respective units. The PPA shall have

a provision to mutually extend its term post expiry of said 25 year period.

7. Billing and Payment: According to PPA, all charges shall be billed by RVUN and shall be paid by

distribution utilities with following provisions:

a) RVUN shall raise the bills by 15th of each month for energy supplied to distribution from

its power station as per applicable tariff. Distribution Utilities shall arrange the payment of

such bills within 30 days of.

b) Irrevocable Revolving Letter of Credit shall be opened by distribution utilities in favor of

RVUN for the amount of average monthly billing

8. Force Majeure : No party shall be liable for any claim for any loss or damages whatsoever

arising out of failure to carry out the terms of the agreement to the extent that such a failure is

due to force majeure events such as war, rebellion, mutiny, civil commotion, riots, strike, lock-

out, forces of nature, accident, act of God, and any other reason beyond the control of

concerned party

9. Governing laws: The Electricity Act, 2003, all rules and regulation made thereunder and the

government notification dated February 28, 2004 governs the agreement.

10. Dispute Resolution: All the disputes pertinent to the PPA between the parties should be settled

either through negotiation or through arbitration as provided in Electricity Act 2003 read with

Arbitration and Conciliation Act 1996.


5 Fuel Supply Arrangement

Coal is procured through different sources for ensuring sustainable operation of CTPP. For unit 1 and

2, the fuel Supply agreement has been signed with SECL for 20 years. For unit 3 and 4 and unit 5 and

6, the fuel is sourced from operational ‘Parsa East & Kanta Basan’ and under development ‘Parsa’

(expected to become operational by FY20) coal blocks. For Unit 5 and 6, the fuel shall be sourced

from operational ‘Parsa East & Kanta Basan’ and under development ‘Kente Extn’ (expected to

become operational by FY20) coal blocks. As per the RERC Tariff Regulations, 2014 clause no. 51,

the energy (variable) charges for thermal generating stations shall cover the cost of landed fuel. The

landed cost of fuel shall include price of fuel corresponding to the grade/quality/calorific value of fuel

inclusive of royalty, taxes and duties as applicable, transportation cost by rail/road/gas pipe line or

any other means. Energy charges shall consider landed fuel cost and shall be arrived at after

considering normative transit and handling losses as percentage of the quantity of fuel dispatched by

the fuel supply company during the month.

Summary of Fuel Supply

S no Unit Capacity AnnualRequirement (MT)

Source

1 1 & 2 2x250 MW 1.851 SECL – Korba West

2 3 & 4 2x250 MW 2.332 Parsa East & Kanta Basan and Parsa

3 5 & 6 2x660 MW 5.533 Parsa East & Kanta Basan and Kente Extn.

5.1 Unit 1 & 2

5.1.1 Annual Fuel Requirement

The annual requirement of coal for Unit 1 & 2 of CTPP is estimated to be about 1.85 MT, considering a

Grade 11 coal at 85% PLF.

5.1.2 Fuel Linkage

RVUN procures coal from SECL – Korba West for units 1 & 2 of the Project. On April 24, 2012, Fuel

Supply agreement (FSA) has been signed with SECL for supplying coal to RVUN, for Unit 1 & 2 of

CTPP for a period of 20 years. As per the FSA, 100% of ‘Annual Contracted Quantity’ (ACQ) (including

5% imported coal for FY 2016-17) is committed by SECL. This quantity of coal is sufficient to operate

these units at 65% to 70% PLF.

1 Considering Grade 11 coal at 85% PLF2 Considering a Gross Calorific Value of 4500 Kcal/Kg at 85% PLF for FY 213 Considering a Gross Calorific Value of 4500 Kcal/Kg at 85% PLF for FY 21


This coal is being beneficiated by deploying a contractor, who is lifting the coal from SECL mines on

behalf of RVUN and after beneficiation, supplies washed coal to RVUN.

5.1.3 Fuel Transportation

Mode of transport for delivery will be either through rail or road transport.

Rail Transport- Wagons will be booked on “Freight to Pay” basis as per the arrangements with the

purchaser.

Road Transport- RVUN shall arrange for trucks to lift coal according to arrangements with the SECL.

In case, SECL delivers the coal, transport charges shall be payable by RVUN, if the delivery point is 3

Km beyond the pithead.

5.1.4 Fuel Pricing

The fuel pricing is “As delivered price of coal” and shall be the sum of base price, sizing/crushing

charges, statutory charges and other charges as applicable at the time of delivery of coal.

Components of fuel price

Type of Charges Description

Base Price To be decided on the basis of grade type and vary from time to time

Sizing/Crushing Charges Charges to maintain a diameter of top size of 250 mm

Rapid Loading Charges Pertinent to the contract

Statutory Charges Royalties, Duties, Cesses, Levies, and Taxes

Other Applicable Charges To be specified by CIL/SECL from time to time

As on 30 May 2016 post revision of prices by CIL, landed cost of coal supplied from SECL for CTPP

Unit 1 & 2 is INR 3,739.11 per metric tonne (MT).

5.1.5 Coal Deficit Plans

The deficit for Unit 1 & 2 shall be calculated in accordance with the CEA guidelines published, in

December 2015.

5.1.6 Summary of Terms & Conditions of Fuel Supply agreement

► Fuel Supply Agreement has been signed on April 24, 2012with SECL for supplying coal to

RVUNL for 20 years

► The Annual contracted capacity (ACQ) is 18.49 LTPA

► Quarterly Quantity (QQ) Schedule of SECL supply, given in the contract is as follows:


1st Quarter ( April – June) 25% of ACQ

2nd Quarter (July-September) 22% of ACQ

3rd Quarter (October- December) 25% of ACQ

4th Quarter (January – March) 28% of ACQ

► The monthly Scheduled Quantity (SQ) shall be one third (1/3rd) of the QQ.

► The seller shall make adequate arrangement to access the quality and monitor the same

endeavour that un-graded coal is not loaded into purchaser’s container. If the seller sends any

quantity of such coal the purchaser shall limit the payment of cost of coal to rupees one.

► Sample of coal for quality check shall be collected jointly either manually or through mechanical

sampling method at each of the delivery points

► Samples collected at the loading end shall be analysed as per BIS standard (IS:1350 Part I-

1984) and for determination of ash and moister content as per (IS:1350 Part II-1970)

► The coal will be weighed at the loading end at electronic weighbridge and printouts of actual

weight shall be provide

► The seller shall raise source wise bill for coal supplied on declared grade basis.

5.2 Unit 3 & 4


The annual requirement of coal for Unit 3 & 4 of CTPP is estimated to be about 2.33 MTPA for FY17

to FY21, considering a Gross Calorific Value of 4500 Kcal/Kg at 85% PLF. The year wise coal

requirement of units 3 & 4, availability of coal from Coal allocation for unit 3 & 4 (in MT)

Year 2016-17 2017-18 2018-19 2019-20 2020-21

Raw Coal Requirement 2.33 2.33 2.33 2.33 2.33

Availability of Raw Coal from Coal Mines allocated to RVUN to above TPP

Parsa East & Kanta Basan1.83 1.83 2.13 2.13 2.13

Parsa 0.00 0.00 0.00 0.20 0.20

Total 1.83 1.83 2.13 2.33 2.33

Short fall to be met through allocation ofBridge Linkage

0.5 0.5 0.2 0 0

5.2.1.1 Fuel Sources


Government of India has allotted Parsa East & Kanta Basan coal mine to RVUNL on 31-03-2015 and

Parsa coal mine on 08-09-2015 vide order no 103/13/2015/NA for utilization in end use plant in

accordance with the provisions of the coal Mines (Special Provisions) Second Ordinance, 2014 and

the Coal Mine (Special Provisions) Rules, 2014.

The required quantity of coal can be mined and supplied from ‘Parsa East & Kanta Basan’ coal blocks,

but the production has to be regulated upto road transportation limits, as there has been no rail

connectivity between mine head and nearest railway siding for transportation of coal. The

construction of railway line up to the coal mine head is partially completed and is expected to be fully

operational by July 2017.

Therefore, till completion of Common Rail Corridor up to mine head of ‘Parsa East & Kanta Basan’

coal mine as well as commencement of mining operations at ‘Parsa’ coal block allotted to RVUN,

Ministry of Coal, GoI has been requested to grant above ‘Bridge Linkage’ of coal against ‘Parsa’ coal

block in line with the Ministry of Coal Memorandum dated 08.02.2016 in respect of Policy guidelines

for grant of Bridge Linkage to specified end use plants which have been allotted coal mines.


Rail - The contract between RVUN and Mine developer and operator (MDO) states that company shall

arrange for transportation of coal from mines on “Freight Paid” basis.

For unit-3&4, coal is supplied from Parsa East & Kanta Basan Coal Mine situated in Chhattisgarh. Due

to non-availability of Rail link up to mine head, coal is transported via road for a stretch of

62/85/110 KM up to nearest railway siding of Ramanujnagar/ Kamalpur/ Karonji and rest through

rail. Rail link of 37 kms up to mine head is scheduled to be completed by July 2017. Rail track

corridor up to mine head is being developed by SPV. 33 Km of phase-1 from Surajpur Road station of

Indian Railway to Ramanujnagar has been completed and is in operation. Phase-II from

Ramanujnagar to mine head is under implementation and scheduled to be commissioned by

July'2017. A Track Access Agreement has been executed with SPV.

M/s SRCPL by RVUN for accessing the track & paying the track access charges.

Road - The limit of coal being transported is currently restricted to road transportation limits, as there

is no rail connectivity. Transportation through road is being done by MDO.

5.2.3 Fuel Pricing

MDO has been appointed for development of Parsa East & Kante Basan and Parsa coal blocks, RVUN

shall pay contracted price per MT to the MDO based on the performance of work and delivery of coal

to the delivery point. The contract price should not exceed the ceiling price and comprise of base

price, reimbursable (which shall mean railway freight charge for the delivered coal), service tax and

any other statutory taxes.


As per Coal Mining and Development Agreement, celling price includes; then, current published price

of pithead F Grade Coal less a discount of 8.5% plus Royalty; SED, Crushing charges, taxes (Sales

Tax); Beneficiation Charges, yield losses (increase in cost due to beneficiation) and all other charges

(Transit loss of.1.5 % of total delivered cost, interest charges on Railway fright @ SBI prevailing rate

for private lending for 22-days). Ceiling Price details are given in Annexure V.

As on 1 June, 2016, landed cost of washed coal supplied from Parsa East & Kanta Basan coal block to

CTPP’s Unit 3 & 4 is INR 3,947.17 per metric tonne (MT).


Till completion of Common Rail Corridor up to mine head of ‘Parsa East & Kanta Basan’, as well as

commencement of mining operations at ‘Parsa’ coal block, RVUN vide letters dated 16.05.2016

applied to Ministry of coal for grant of bridge linkage for 2x250 MW CTPP unit-3&4 in line with the

“policy guidelines for grant of ‘Bridge Linkage’ issued by Ministry of Coal, GoI on 08.02.2016.

Requirement of bridge linkage (in MT) for Unit 3 & 4 is stated below:

TPP 2016-17 2017-18 2018-19

CTPP, Units 3 & 4 0.5MTPA 0.5MTPA 0.2 MTPA

Approval from Bridge linkage has been awaited from Ministry of coal.

5.3 Unit 5 & 6


The annual requirement of coal for units 5 & 6 of CTPP has been estimated to be about 0.92 MTPA

for FY17, considering a Gross Calorific Value of 4500 Kcal/Kg at 85% PLF. The year wise coal

requirement, availability of coal from operational ‘Parsa East & Kanta Basan’ and under development

‘Kente Extn’ coal blocks with coal reserves of 200 MT and peak rated capacity of 7 MTPA (scheduled

to be operative by Sept’ 2019 as per Milestone prescribed in Allotment Agreement executed with

Ministry of Coal, GoI) and shortfall of coal is described as per following table:

Coal allocation for unit 5 & 6 (in MT)

Year 2016-17 2017-18 2018-19 2019-20 2020-21

Raw Coal Requirement0.92 3.46 5.53 5.53 5.53

Availability of Raw Coal from Coal Mine allocated to RVUN to above TPP


Parsa East & Kanta Basan0.92 2.50 4.0 4.0 4.24

Kente Ext0.00 0.00 0.00 0.33 1.29

Total 0.92 2.5 4.0 4.32 5.53

Short fall to be met through allocation of BridgeLinkage

0.00 0.96 1.53 1.21 0.00

5.3.2 Fuel Supply from allotted coal blocks

Government of India has allotted Parsa East & Kanta Basan coal mine to RVUN on 31-03-2015 vide

order no 103/13/2015/NA for utilization in end use plant in accordance with the provisions of the

coal Mines (Special Provisions) Second Ordinance, 2014 and the Coal Mine (Special Provisions) Rules,

2014 and also allotted Kenta Extn. Coal block mine to RVUNL on 31-03-2015 vide order no

13016/26/2004-CA-I/CA-III(Pt.)(Vol. II) for end use power under Rule 4 of the “Auction by

Competitive Bidding of Coal Mines Rules, 2012”.

The required quantity of coal can be mined and supplied from ‘Parsa East & Kanta Basan’ coal blocks,

but the production has to be regulated up to road transportation limits, as there has been no rail

connectivity between mine head and nearest railway siding for transportation of coal. The

construction of railway line up to the coal mine head is partially completed and is expected to be fully

operational by July 2017.

Therefore, till completion of Common Rail Corridor up to mine head of ‘Parsa East & Kanta Basan’

coal mine as well as commencement of mining operations at ‘Kente Extn’ coal block allotted to RVUN,

Ministry of Coal, GoI has been requested to grant above ‘Bridge Linkage’ of coal against ‘Kente Extn’

coal block in line with the Ministry of Coal Memorandum dated 08.02.2016 in respect of Policy

guidelines for grant of Bridge Linkage to specified end use plants which have been allotted coal

mines.


Rail - The contract between RVUN and MDO states that RVUN shall arrange for transportation of coal

from mines on “Freight Paid” basis.

The Railway line doesn’t exist as of now, however its construction up to the coal mine head is partially

completed and is expected to be fully operational by July’2017.

Road - The limit of coal being transported is currently restricted to road transportation limits, as

there is no rail connectivity. Transportation through road is being done by MDO.

5.3.4 Fuel Pricing


MDO has been appointed for development of the allocated Parsa East & Kante Basan and Kente Extn

coal blocks, RVUN shall pay contracted price per MT to the MDO based on the performance of work

and delivery of coal to the delivery point. The contract price shall not exceed the ceiling price and

comprise of base price, reimbursable (which shall mean railway freight charge for the delivered coal),

service tax and any other statutory taxes.

As per Coal Mining and Development Agreement, celling price includes; then, current published price

of pithead F Grade Coal less a discount of 8.5% plus Royalty; SED, Crushing charges, taxes (Sales

Tax); Beneficiation Charges, yield losses (increase in cost due to beneficiation) and all other charges

(Transit loss of.1.5 % of total delivered cost, interest charges on Railway fright @ SBI prevailing rate

for private lending for 22-days). Ceiling price details are given in Annexure V.

As on 1 June, 2016, landed cost of washed coal supplied from Parsa East & Kanta Basan coal block

for Units 5 & 6 is INR 3,947.17 per metric tonne (MT).


Till completion of Common Rail Corridor up to mine head of ‘Parsa East & Kanta Basan’, as well as

commencement of mining operations at ‘Kente Extn’ coal block, RVUN vide letters dated 16.05.2016

applied to Ministry of coal for grant of bridge linkage for units 5 & 6 (2x660 MW) in line with the

“policy guidelines for grant of ‘Bridge Linkage’ issued by Ministry of Coal, GoI on 08.02.2016.

Requirement of bridge linkage (in MT) for Unit 5 & 6 is stated below:

TPP 2016-17 2017-18 2018-19

Unit 5 & 6 (2x660 MW) 0.96 MTPA 1.53 MTPA 1.21 MTPA

Approval from Bridge linkage has been awaited from Ministry of coal.

5.3.6 Summary

Summary of coal allocation from various sources for CTPP (in MT) is given below:

Year 2016-17 2017-18 2018-19 2019-20 2020-21Raw CoalRequirement 5.10 7.64 9.71 9.71 9.71

Availability of Raw Coal from Coal Mines allocated to RVUN to above TPPSECL 1.85 1.85 1.85 1.85 1.85Parsa East &Kanta Basan 2.75 4.33 6.13 6.13 6.37

Parsa 0 0 0 0.2 0.2Kente Ext 0 0 0 0.33 1.29Total 4.60 6.18 7.98 8.51 9.71


Year 2016-17 2017-18 2018-19 2019-20 2020-21Short fall to bemet throughallocation ofBridge Linkage

0.50 1.48 1.73 1.20 0


6 Approvals and Clearances

Below mentioned table summarizes the approvals and clearances required for the operation of units 1

to 4 and development of units 5 & 6 respectively. Units 1 to 4 have already started commercial

operations and only consent to operate is required for its operations whereas units 5 & 6 are under

advanced stages of construction for which consent to establish is required. Brief status:

S. No Item Agency Validity Current Status

Units 1 & 2

Statutory Clearances

1. Consent toOperate

Rajasthan StatePollution ControlBoard (RSPCB)

Consent to Operate undersection 25/26 of the Water(Prevention & Control ofPollution) Act, 1974 and undersection 21(4) of Air(Prevention & Control ofPollution) Act, 1981. issued byRSPCB was valid upto31.08.2015

Renewalapplication forconsent tooperate filed on26.04.2016

2. Renewal isawaited

1. Consent toOperate

Rajasthan StatePollution ControlBoard (RSPCB)

Consent to Operate undersection 25/26 of the Water(Prevention & Control ofPollution) Act, 1974 and undersection 21(4) of Air(Prevention & Control ofPollution) Act, 1981. issued byRSPCB was valid upto23.01.2015

Renewalapplication forconsent tooperate filed on27.04.2016

2. Renewal isawaited

Units 3 & 4


1. Consent to

Operate

Rajasthan State

Pollution Control

Board

Previous letter issued was

valid upto 23.01.2015 or the

date of commissioning of the

project, (whichever is earlier)

expired

Renewal and fresh

application for

consent to

operate

(air/water) under

section 21 of the

Air (Prevention

and Control of

Pollution) Act,

1981 filed on 27th

April 2016 by

RVUN for Unit 3


S. No Item Agency Validity Current Statusand Unit 4

respectively.

Renewal is

awaited.

Units 5 & 6


1. Administrative andFinancial Approvalof StateGovernment

GoR, EnergyDepartment

Approval of State Govt.issued on 2nd March 2009for setting up 2*660 MWcoal based extensionproject at CTPP underStage-II (Unit 5 & 6) atChhabra

Only one timeapproval isrequired

2. Water availability Office of theChiefEngineer,WaterResourcesDepartment

Letter dated 11th August2009, gave allocation of1,570 Mcft water forproposed Stage-II

Letter dated22nd November2010, madepartialmodification ofwater allocationto 1,585 Mcftwithamendments inwater sources tobe used

3. EnvironmentalClearance

Governmentof India,Ministry ofEnvironmentand Forests(MoEF)

Environment clearance isissued by MOEF throughletter date 02.02.2015

4. Consent toEstablish

RajasthanState PollutionControl Board

Consent to establish forStage II, Unit 5 & 6extended till 31.08.2018 ortill the date ofcommissioning of unit 5 & 6whichever is earlier andissued by RSPCB on20.04.2015

Consent toestablish forunits 5 and 6issued by RSPCB


S. No Item Agency Validity Current Status

Other Clearances

5. NOC for HeightClearance

AirportsAuthority ofIndia

Certificate issued on 26th

April 2010Validity of 5years from dateof issue (In casebuilding/chimney is notconstructed &completedwithin 5 years, itwill be requiredto obtain a freshNOC fromChairman, AAIor GM (Aero)NorthernRegion)

6. NOC forconstruction ofchimney to supercritical units ofCTPP (Unit 5 & 6)

Governmentof India,Ministry ofDefense

NOC issued on 20th August2010 with validity upto 3years from the date of issue

One timeapproval isrequired


7 Structure for Disinvestment

7.1 Proposed structure for disinvestment

Proposed structure for disinvestment is summarized in the schematic below:

As per the decision of the Government of Rajasthan, it is proposed that CTPP shall be disinvested and

transferred to the Selected Bidder or to special purpose vehicle i.e. a company

constituted/established as per the provisions of Companies Act, 2013 for specific purpose of

purchasing CTPP (activities of which are limited to those for accomplishing the purpose of the

company) (“SPV”), as the case may be. The CTPP may be either:

· Directly transferred to the balance sheet of the Successful Bidder

· Directly transferred to a SPV, which shall be formed by the Successful Bidder; or

· Be first transferred to an existing or new SPV of RVUN and then such SPV shall be

transferred to the Successful Bidder

The exact mode of transfer of CTPP to the Successful Bidder shall be mentioned in the RFP

document. All the CTPP assets as well as agreements/linkages and approvals shall be transferred to

the Successful Bidder/SPV.

The bidding shall be conducted by adopting a two-stage Bidding Process for selection of the

Successful Bidder. The Qualification Stage of the process involves Qualification of interested parties,

whether as a single Bidder or Consortium, who makes an Application in accordance with the

provisions of this EoI. At the end of this stage, RVUN shall notify the Shortlisted Bidders and invite

Directly transferred to aSPV of the SuccessfulBidder

First trans. to an existing ornew SPV of RVUN and thensuch SPV be transferred tothe Successful Bidder

Directly transferred to thebalance sheet of theSuccessful Bidder

CTPP RVUN


them for participation in the second stage of the Bidding Process. The RFP shall be issued only to the

Shortlisted Bidders upon payment of such fees as may be mentioned in the RFP.

7.2 Key Investment Consideration

7.2.1 No offtake risk

The entire capacity of CTPP is tied up under long term PPAs with the Rajasthan

distribution utilities. Power Ministry, Rajasthan and its distribution utilities had signed an

agreement under the Ujwal Discom Assurance Yojana (UDAY) on 27.01.2016, for

operational and financial turnaround of these utilities. The outstanding debt of the

distribution utilities of the state as on 30.15.2015, stood at Rs 80,500 crore, out of

which 75% or Rs 60,500 crore would be taken over by the state. The scheme shall reduce

the financial burden on the utilities, making more reliable in terms of payments.

7.2.2 Fuel linkages

Fuel linkages from SECL (for units 1 & 2) and from captive mines Parsa, Parsa East,

Kanta Basan and Kente extn (for units 3, 4, 5 & 6) are already tied up. Rail infrastructure

will get completed by Jun 2017. Out of the above mentioned coal blocks, only Kente

extension block is under development, other mines are already operational.

7.2.3 Approvals and clearances

Implementation risk mitigated with all the approvals and clearances in place – all 4 units

are operational for more than 2 years now. However, consent to operate application has

been filed for renewal for units 1 to 4 with renewal awaited. Approvals and clearances

for under construction units 5 & 6 are also in place. Sufficient power evacuation

infrastructure is available for transfer of power.

7.2.4 Past Liabilities

It is proposed that the past liabilities of CTPP pertaining to a period prior to the

Transaction date shall be retained with RVUN and will not be transferred to the Selected

Bidder. Only the existing debt or other specified liabilities may be transferred to the

Selected Bidder subject to lender’s approval.

However,

(a) any liabilities which pertain to a period prior to the Transaction date but which

arise or come to the knowledge of RVUN and the Successful Bidder after a period

of 1(one) year from the Transaction date will be borne by the Successful Bidder.


(b) any liabilities occurring due to Selected Bidder’s actions on or after the

Transaction date or which pertains to a period on or after the Transaction date

shall not be attributable to RVUN and shall be borne by the Successful Bidder.

7.2.5 Location

Strategically located in the state of Rajasthan, due to which it has the shortest distance,

amongst all RVUN plants, from the allocated mines resulting in lower coal transportation

costs leading to lower variable charges. CTPP is first in merit order dispatch amongst all

RVUN plants.

7.2.6 Highly reliable vendor group

Globally reputed equipment manufacturers like BHEL have been involved in the

construction of operational units 1 to 4. Units 5 & 6 are being constructed by L&T.

7.2.7 Favorable Financing

Financing with PFC and REC at a debt equity ratio of 80:20 is already in place for all the

6 units.


8 Profile of RVUN

8.1 Company background

RVUN was established in the year 2000 by GoR under the provisions of the Rajasthan Power Sector

Reforms Act, 1999 upon unbundling of erstwhile Rajasthan State Electricity Board (RSEB) into a

Generation Company, a Transmission Company and three Distribution Companies (Discoms) w.e.f.

July 19, 2000 the unbundled entities were:

· Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RVUN), the generation Company.

· Rajasthan Rajya Vidyut Prasaran Nigam Ltd. (RVPN), the transmission Company.

· Jaipur Vidyut Vitran Nigam Ltd. (JVVNL) , a regional distribution company.

· Ajmer Vidyut Vitran Nigam Ltd. (AVVNL) a regional distribution company.

· Jodhpur Vidyut Vitran Nigam Ltd. (JdVVNL) a regional distribution company.

RVUN is the state power generation utility and has been entrusted with the job of development of

power projects under state sector, along with operation & maintenance of state owned power

stations. RVUN supplies power to state DISCOM’s namely; JVVNL, AVVNL and JDVVNL. Being a GoR

undertaking, RVUN’s Board of Directors is appointed by the GoR and its management has rich

industry experience.

8.2 Board of Directors

No Name Designation Place of Posting Director IdentificationNumber (DIN)

01. Sh. N. M. Mathur Chairman & MD, RVUN 03033375

02. Sh. Sanjay Malhotra, IAS Pr. Secretary (Energy), GoR &Chairman & MD, RVPN

00992744

03. Sh. Praveen Gupta, IAS Secretary Finance (Revenue), GoR 03521006

04. Sh. Ram Gopal Gupta Adviser, Energy Deptt., GoR 00173937

05. Sh. Arun Kumar Gupta Director (Finance), RVPN 06948144

06. Sh. Shyam Swaroop Meena Director (Technical), RVUN 03319346

07. Sh. Mahesh Kumar Agarwal Director (Project), RVUN 07316044


8.3 Details of Operational Assets

At present the installed capacity of RVUN is 5957.35 MW. The details of its operational assets along

with capacity are as follows:

S. No Power Station Present Capacity

1. Suratgarh STPS, Suratgarh, Distt-Shriganganagar 1500 MW

2. Kota STPS, Kota 1240 MW

3. Chhabra Thermal Power Project, Chhabra, Distt. Baran 1000MW

4. Kalisindh Thermal Power Station, Kalisindh, Distt. Jhalawar 1200 MW

5. Dholpur CCPS ,Dholpur 330 MW

6. Giral Lignite TPS, Giral, Distt. Barmer 250 MW

7. Ramgarh Gas Thermal Power Station, Distt. Jaisalmer 273.50MW

8. Mahi Hydel Power Station, Distt-Banswara 140 MW

9. Mini Micro Hydel Schemes (10) 23.85 MW

Total 5957.35 MW

RVUN is also managing and operating the following inter-state projects:

S. No Power Station Present Capacity

1. Rana Pratap Sagar Hydel PS (4X43 MW) 172 MW

2. Jawahar Sagar Hydel PS (3X33 MW) 99 MW

Total 271 MW


8.4 Ongoing Projects of RVUN

The projects of RVUN currently under construction are as follows:

S. No Name of unit Capacity Commissioning target

1. Ramgarh Gas Thermal Power Project Stage IV GT 110 MW Jan-2017

2. Ramgarh Gas Thermal Power Project Stage IVSTG 50 MW Mar- 2017

3. Suratgarh Supercritical Thermal Power StationUnit 7 660 MW April 2017

4. Suratgarh Supercritical Thermal Power StationUnit 8 660 MW Aug 2017

5. Chhabra Supercritical Thermal Power StationUnit 5 660 MW Dec 2016

6. Chhabra Supercritical Thermal Power StationUnit 6 660 MW June 2018

83%

10%

3%4%

Generation Mix of RVUN (operational assets)

Coal gas Hydro Power Project O&M of Interstate Hydel Project


8.5 Financials of RVUN

A brief of the Balance sheet for the last 3 years is as follows:

Particulars (in Rs. Cr.) As at 31st March2013

As at 31stMarch 2014

As at 31stMarch 2015

Equity And LiabilitiesShareholders’ funds

Share Capital 5,805 6,574 7,289Reserves & Surplus -374 -695 -3,317Share application money pending 161 132 299

Non-current liabilitiesLong-Term Borrowings 11,962 14,278 2,014Other Long Term Liabilities 609 615 55

Current liabilitiesShort-Term Borrowings 500 500 738Trade Payables 787 382 1,485Other Current Liabilities 3,415 3,210 3,467Short-Term Provisions 289 252 247

23,154 25,247 30,890AssetsNon-current assets

Fixed AssetsTangible Assets 8,210 9,782 15,860Capital Work-In-Progress 9,776 10,567 8,049

Non-Current Investments 0 0 185Deferred Tax Assets (Net)

- - -Long-Term Loans and Advances 1,673 2,197 1,329Other Non-Current Assets 221 201 215

Current AssetsInventories 868 552 1,092Trade Receivables 1,556 991 2,784Cash and Bank Balances 341 114 114Short-Term Loans and Advances 140 325 484Other Current Assets 370 517 778

23,155 25,247 30,890


A brief of profit and loss statement for RVUN for last 3 years is as follows:

Particulars (in Rs. Cr.) FY13 FY14 FY15Revenue

Revenue From Operations 8781 8401 9081Other Income 45 25 30

Total Revenue 8827 8426 9110

ExpensesGeneration & Other Direct Expenses 7166 6908 8854Repairs & Maintenances 222 239 281Employee Benefit Expenses 174 189 223Finance Costs 796 752 1393Depreciation & Amortization Expense 616 593 905Administrative & Other Expenses 54 57 73

Total Expenses 9027 8737 11729

Profit/(Loss) Before Prior Period Item& Tax

-200 -311 -2619

Prior Period Income/(Expenses) 15 -2 -18Profit/(Loss) Before Tax -185 -313 -2637Tax ExpenseCurrent Tax 0 0 0Income Tax (Earlier Year Tax) 0 0 0Deferred Tax 0 0 0Profit/(Loss) For The Year -185 -313 -2637PAT Margin -2.11% -3.72% -29.04%


9 Market Scenario and Assessment

9.1 Existing Demand and Supply scenario in Rajasthan

The power sector in Rajasthan has witnessed substantial improvement over the past decade because

of increase in generation capacity and strengthening of network infrastructure leading to an

improvement in the overall power supply position of the state. However, there are areas in the state

which experience unduly long interruptions in power supply due to inadequacies in the distribution

infrastructure. Moreover, a large portion of non-agriculture consumers in rural areas are supplied

through single phase only. Further, there is a large section of households in the state i.e. about 29 %,

which are yet to be electrified.

Year Demand vs Supply Gap Demand vs Supply Gap

(Peak Hours)

FY 15 ( Till Dec 2014) ~1% ~0.5%

FY 12 3.9% 7.1%

Rajasthan got benefit of about 2339 MW (excluding renewable energy sources) from the power

projects commissioned during 11th Plan

19%

55%

23%

3%

Benefit During 11th Plan

Central State Private Mundra UMPP


9.2 Future Demand and Supply scenario in Rajasthan

The present energy requirement of Rajasthan is of the order of 58.9 BU per year and the introduction

of 24X7 supplies across the State is likely to increase the electricity consumption substantially in the

State.

The demand can be classified in three broad categories:-

a) Demand on account of 24X 7 power supply to already electrified households (MU)

Source: 24*7-Power for all - Rajasthan

b) Demand from electrification of un-electrified households (MU)


49055592

631270666969

79108910

9944

0

2000

4000

6000

8000

10000

12000

2015-16 2016-17 2017-18 2018-19

Rural

Urban

821

1369

2008

2738

447739

1077

1460

0

500

1000

1500

2000

2500

3000

2015-16 2016-17 2017-18 2018-19

Rural

Urban


c) Demand on account of 24X7 power supply to already electrified other than domestic category

(MU)


The projections are in line with 18th EPS of CEA report, according to which the projected energy

requirement of Rajasthan is 89,792 MU by 2018-19. Assuming a load factor of 64% for Rajasthan,

the anticipated Peak demand of the state would be around 16004 MW.

It has been expected that implementation of Time of Day (TOD) tariff in state, adoption of demand

side management, use of energy efficient appliances may reduce the peak demand by around 1000

MW by 2018-19.

9.3 Existing generation capacity (RVUN, IPPs, Central)

The total installed capacity as on November 2015 (including allocated share in Joint & Central

Sector plants) was 17,228 MW from different sources as shown in the chart.

Total Installed Capacity as on Nov 2015 from different sources

39,72143,178

46,96351,108

0

10,000

20,000

30,000

40,000

50,000

60,000

2015-16 2016-17 2017-18 2018-19

55%

5%3%

10%

27% Coal

Gas

Nuclear

Hydel

Other RE


The installed capacity has grown from 15,021 MW to 17,228 MW which is a growth of over 14.7 %

per annum during the last two and a quarter year i.e. from 30.06.2014 to 31.11.2016

Rajasthan is currently meeting its peak demand; however for providing 24X7 power supplies to the

State, the present energy requirement which is of the order of 58.29 BU per year and is likely to

increase to 89.6 BU per year by 2018-19. Therefore the additional contracted capacity required for

meeting the peak demand is tabulated below:

(All numbers in MW) ConventionalNon-

ConventionalTotal

Existing Capacity 11561 3640 15201

Capacity addition by 2018-19 5520 625 6145

Total Capacity by 2018-19 17081 4265 21346

Capacity Available out of Total capacity

to meet the peak demand by 2018-1911957 341 12298

Additional Capacity required to meet

the peak demand of 16000 MW by

2018-19

3702


9.4 Planned capacity addition in generation in Rajasthan (RVUN,IPPs, Central)

GoR has planned coal based projects of 4520 MW in the state, which includes projects of 2920 MW in

state sector, i.e. Kalisindh TPS Units 3 & 4 (2 X 660 MW) & Banswara TPS Units 1 & 2 (2 X 800 MW)

and projects of 1600 MW, i.e. Banswara TPS Units 1 & 2 (2 X 800 MW) under case -2. Also, 3600 MW

of renewable energy has also been planned to be available for the state, beginning FY19. In addition

to these, 2 units of 660 MW (CTPP) are also under construction.

9.5 Comparative analysis of generation tariff

Tariff for CTPP has been compared against the tariff of some other generating plants having similar

technology i.e. 2x250 MW. A comparison has been tabulated in the chart below:


9.6 Competitive Bid scenarios (Case 1) in India*

Many distribution utilities or state nodal agencies such as KSEB, TPDDL, APSPDCL are procuring long

term power through competitive bidding route under DBFOO (Design, Built, Finance, Own, and

Operate) framework.

Under the framework:-

1) Bidders are asked to deliver the power at the state periphery, thereby avoiding Central

Transmission Charges and Central Transmission Losses.

2) Bidders are also asked to bear auxiliary power consumption and dedicated line losses.

3) The fixed charges are generally indexed to change in wholesale price index while variable

charges in case of linkage coal are passed through on actuals while keeping standard

parameters.

4) In case coal is sourced from captive mine the variable charges are also indexed to change in

whole sale price index while maintaining the sanctity of coal mine allotment agreement and

coal mine development and production agreement whichever is applicable.

Below table captures the bid quoted by successful Bidders.

StateBid

Date

Quantum

Awarded

(MW)

L1 Bidder

1st Year

Capacity

Charge

1st Year

Energy

Charge

1st Year

Transmission

Losses &

Charges

1st Year Total

Tariff (cons.

Respective W

points excl. STU)

Start Date

Bihar

BSPHCL,April-16 700 2.930 0.91 N/A 3.84 31st

December,

437.64519.18

386.4

2.2 2.1033.21

0

2

4

6

8

10

0

100

200

300

400

500

600

Chhabra Thermal Power Station(CTPS) -Unit (1 to 2) for FY16

Bina Thermal Power Station -65% Installed Capacity(FY15)

Parichha Extension II (2x250)MW for FY FY16

Fixed Charge (INR Cr. Variable Charge (INR/Kwh)


StateBid

Date

Quantum

Awarded

(MW)

L1 Bidder

1st Year

Capacity

Charge

1st Year

Energy

Charge

1st Year

Transmission

Losses &

Charges

1st Year Total

Tariff (cons.

Respective W

points excl. STU)

Start Date

2017

TPDDL Sep-15 400 3.226 0.764

Included in

Energy

charge

3.991st April

2017

Andhra

Pradesh

(APSPDCL)

Jun-15 2400 2.86 1.41 NA 4.271st January

2017

Kerala Aug-14 400 3.25 1.04 NA 4.29

Kerala Aug-14 200 2.74 0.86 NA 3.60

Many Utilities such as BSPHCL and REMCL also went for midterm (3 Years) power procurement

through competitive bidding route under FOO (Finance Own Operate) framework. Similar trends are

observed in quotes of winning Bidders.

The above analysis in clauses 6.5 and 6.6 respectively clearly indicates that the total tariff for CTPP

is competitive when compared with similar sized plants as well as the current case 1 trends in the

country. Currently, CTPP stands first in merit order dispatch in the state of Rajasthan.

‘* EY analysis


10 Annexure

Annexure – I: Unit wise Details

a. Salient Features Of 4x250 Mw Subcritical Units 1, 2, 3 & 4 (Stage I, Phase I & II)

(1) Installed Capacity 2X250 MW Stage- I, Phase- I2X250 MW Stage- I, Phase- II

(2) Estimated Cost 2820 Crores (Phase- I)

3033 Crores (Phase- II)(3) Land Acquired 526 Hectares (Stage-I)(4) Height of chimney 220 Meter each for Phase-I & II(5) ESP Efficiency 99.89%(6) Coal Requirement and Linkage 5.0 Million Tons per year

Unit-1&2- SECL, Kobra (C.G.) through washery circuit.

Unit-3&4- Parsa East & Kante Basen Coal Blocksthrough Parsa & Kante Colleries Ltd., Ambikapur (C.G.)

(7) Water Requirement 800 MCFT/ Year (38500 M3/ day)(For Phase I&II fromnearby Parvati, Bethali & Hinglot Dam.

(8) Power Evacuation 400KV /220 kv Switchyard with Inter-connectingTransformers (ICT) through 400KV Bhilwara, 400KVHindaun, 400KV Adani and 220 KV Jhalawar & 200KV Kawai-Dahara feeders.

(9) Date of COD Phase -I & IIUnit 1- COD achieved on 11.06.2010Unit 2- COD achieved on 15.10.2011Unit 3- COD achieved on 19.12.2013Unit 4-Commissioned on 30.06.14 & COD is on30/12/14

(10) Environmental Features Zero discharge concept adoptedETP & STP established. Re-cycled water utilization forgreen belt development.100% (Approx.) Fly Ash Utilization by cement & near-by bricks industries.

a. Salient Features Of 2x660 Mw Supercritical Units 5 & 6 (Stage II, Phase III)

(1) Installed Capacity 2X660 MW Stage-II, Phase- III

(2) Estimated Cost 7920 Crores Rs.

(3) Land Acquired 2361 Bigha (597.43 Hec.)

(4) Height of Chimney 275 Meter (Twin Flue)

(5) ESP Efficiency 99.89%


(6) Fuel Requirement

Coa l- 6.5 MTPA

Unit 5 - Parsa East & Kante Basan Coal Block

Unit 6 - Kante Basan Extension Coal Block.

HSD/FO - 11563 KL/Year (for both units)

(7) Water Requirement

1570 MCFT/ YEAR

Lhasi Irrigation Project- 300MCFT

Parvan Irrigation Project- 1270 MCFT

(8) Scheduled Date of CommissioningUnit 5 - September 2016

Unit 6 - June 2018


Annexure – II: Asset Details and Technology

Details of Main BTG & BOP equipment installed at units 1 to 4 (4x250 MW) at CTPP are given below:

S. No. Package Supplier1 Turbine & Auxiliaries BHEL2 Boiler & its Auxiliaries BHEL

3 Generator & its Auxiliaries BHEL

4 All rotary equipments viz. ID, FD, PA fans and Coalmills

BHEL

5 ESP BHEL6 Cooling Tower Paharpur7 Chlorination & Water treatment Plant Triveni Engg. & Industries ltd.8 DM Plant & Pretreatment Plant Triveni Engg. & Industries ltd.9 DM Plant Make-up System Remi Edelstahl Tubulars Ltd.10 Bulk Ammonia, Hydrazine & Phosphate system

Triveni Engg. & Industries ltd.11 Effluent Treatment Palnt12 CW Treatment System Industrial Devices13 Coal Handling System TRF Limited14 DE & DS System WRC15 Bottom Ash Handling System Indure16 Air Conditioning & Ventilation Package C Doctor & Co. Pvt. Ltd.17 Hydrogen Generation plant package Airox Nigen18 Elevators Alikraft/Thysenkrupp19 Electrical BOP- Supply ABB Ltd.20 Transformers ABB Ltd.21 Switchyard ABB Ltd.22 IPBD Reep23 SPBD C&S24 Reactors ABB Ltd.25 MV Switchgear ABB Ltd.26 LV Switchgear C&S27 Service Transformer (Dry & Oil) Voltamp28 CW & ACW KBL29 FPS New age fire protection, HD Fire30 Stop Log Gate Macmet31 Idlers, Pulleys & Spares Elecon32 Belt Vulcanising Machine Nilos India33 Hoists Mangla34 EoT Crane Reva35 Belt Weigher Prayas Engg.36 Stacker cum Reclaimer TRF Limited37 Twin Tripper Elecon


Annexure III - Employee Strength

List of executives employed in CTPP is tabulated hereunder:

S.No. Name Of Post

Pay Scale (Running Pay Band +

Grade Pay)

CTPP,Chhabra(O&M of

Units 1 to4)

CTPP - Units5 & 6

A. Technical Officers:

1 Chief Engineer (E&M) 37400-67000 + 10000 1 1

2 Addl. Chief Engineer (E&M) 37400-67000 + 8700 1

3 Addl. Chief Engineer (Civil) 37400-67000 + 8700 - 1

4 Dy. Chief Engineer (E&M) 15600-39100 + 8200 3 2

5 Dy. Chief Engineer (Civil) 15600-39100 + 8200 0 1

6 Superintending Engineer (E&M) 15600-39100 + 7600 9 5

7 Superintending Engineer (C&I) 15600-39100 + 7600 - 1

8 Superintending Engineer (Civil) 15600-39100 + 7600 2 2

9 Chief Chemist 15600-39100 + 7600 - 1

10 Executive Engineer (E&M) 15600-39100 + 6600 23 19

11 Executive Engineer (C&I) 15600-39100 + 6600 1 3

12 Executive Engineer (Civil) 15600-39100 + 6600 6 5

13 Senior Chemist 15600-39100 + 6600 1 1

14 Assistant Engineer (E&M) 15600-39100 + 5400 45 54

15 Assistant Engineer (C&I) 15600-39100 + 5400 5 8

16 Assistant Engineer (Civil) 15600-39100 + 5400 12 17

17 Assistant Engineer (F&S) 15600-39100 + 5400 1 1

18 Chemists 15600-39100 + 5400 4 3

Total (A) 114 125

List of non-technical officers employed in CTPP is tabulated hereunder:

S.No. Name Of Post

Pay Scale (Running Pay

Band + Grade Pay)

CTPP, Chhabra(O&M Of

Units 1 To 4)

CTPP - Units5 & 6

C. Non- Technical Officers:

1 Chief Accounts Officer 15600-39100 +7600 1

2 Dy. Director (Personnel &Admn.)

15600-39100 +6600 1

3 Sr. Accounts Officer 15600-39100 +6600 1

4 Personnel Officer 15600-39100 + 2


S.No.

Name Of Post Pay Scale(Running Pay

CTPP, Chhabra(O&M Of

CTPP - Units5 & 65400

5 Asstt. Secretary/ Admo/ Eo/Ps

15600-39100 +5400 1

6 Accounts Officer 15600-39100 +5400 3

7 Asstt. Accounts Officer 9300-34800 +4800 2

8 Medical Officer 15600-39100 +5400 2

Total- Non Technical Officers (C) 13

List of ad ministerial staff employed in CTPP is tabulated hereunder:

S. No. Name Of PostPay Scale

(Running Pay Band +Grade Pay)

CTPP, Chhabra(Including Super

Critical Units 5&6)

A. Ministerial Staff:

1 P.A / Stenographer -I 9300-34800 + 4800 2

2 Accountant 9300-34800 + 4200 8

3 Asstt. Personnel Officer 9300-34800 + 4200 2

4 Office Superintendent Gr-I 9300-34800 + 4200 2

5 Compounder Gr-Ii 9300-34800 + 3600 6

6 Junior Accountant 9300-34800 + 3600 22

7 Office Superintendent Gr-II 9300-34800 + 3600 2

8 Staff Nurse 5200-20200 + 2800 4

9 U.D.C. 5200-20200 + 2800 0

Total (A) 48

List of technical workmen employed in CTPP is tabulated hereunder:

S.No. Name Of Post

Pay Scale (Running Pay Band +

Grade Pay)

CTPP, Chhabra(Including Super

Critical Units 5&6)

A. Technical Workmen:

1 Plant Supervisor 9300-34800 + 4200 15

36 Plant Attendant -I 5200-20200 + 2800 25

69 Plant Attendant -II 5200-20200 + 2400 50

75 Helper-I 5200-20200 + 2000 4

81 Plant Attendant -III 5200-20200 + 2000 160

87 Helper-II 4750-7440 + 1750 18

Total 272


Annexure IV –Milestone for units 5 & 6Key milestones for units 5 & 6 are summarized as follows:

Unit 5Milestone BL project

StartBL ProjectFinish

Act/ExcptProject Start

Act/ExcptProject Start

Readiness for PowerEvacuation

August 30,2016

August 30,2016

Unit Synchronized November26,2016

November26,2016

Unit 6

Steam Generator: HydroTest,

June 27,2017 July 28,2017

Steam Generator: Fuel OilFiring System Readiness

October 25,2017

November 25,2017

Steam Generator:Reliability Test

July 21, 2018 August 19,2018

July 21, 2018 August 19,2018

STG: TG on Barring gear November14,2017

November14,2017

STG: Governing Systemtuning

November15,2017

November19,2017

November15,2017

November19,2017

STG: Rolling & GeneratorTesting

May 10, 2018 May 11, 2018 May 10, 2018 May 11, 2018

Control Valves: Testing &Commissioning for UnitSynchronization

August 11,2017

September 9,2017

August 11,2017

September 9,2017


Annexure V – Ceiling PriceBelow table summarizes the calculation of ceiling price for delivery of coal from ‘Parsa East & KanteBasan’ coal block to CTPP,

S.No.

Particulars Prevailing price per MT as on01.06.16

1 Avg. GCV (ADB) of Washed coal (Kcal/kg.) 4900A Raw Coal Cost Grade G11 (Rs./MT of Raw coal)2 Base Rate / MT of SECL at Pithead 810.003 Less 8.5% discount (if applicable as per Clause

5.3)68.85

4 Royalty (if applicable) 113.405 SED (if applicable) 10.006 Chhattisgarh Environment cess 7.507 Chhattisgarh Development cess 7.508 Crushing Charges 100.009 Forest Tax 15.0010 Clean Energy Cess 400.00

Contribution to District Mineral Foundation 34.02Contribution to National Mineral Exploration Trust 2.27

11 Excise duty @ 6% on(2+4+5+6+7+8+9+DMF+NMET)

65.98

12 Total (2-3+4+5+6+7+8+9+10+DMF+NMET+11+12)

1496.82

13 CST on 12 @ 2% 29.9414 Cost of Raw Coal per MT (13+12) 1526.76B Beneficiation15 Increase in Raw Coal cost (without discount) due

to reject generated - Yield @ 77.5%/80.00% ((on(14)+(3)*(1 + CST) ) assuming Royalty SEC andcrushing charges are specific rates, not advalorem, otherwise the pro-rata amount onaccount of discount has to be added back) 15 =[(14) +{(3) X (1 + CST)}] X {(1/Yield) – 1}

463.64 399.25

EscalatedBeneficiationCharges (asper theBeneficiationContract)

Actual BeneficiationCharges

16 Beneficiation Charges including Service Tax. 276.72 341.2517 Cost of Beneficiated Coal per MT [(14+15)] + 16

[ Escalated Beneficiation Charges or ActualBeneficiation Charges per clause no. 5.3.2]

2267.12 2267.26

2267.12


18 Railway freight per MT of washed coal incurred byRVUNL 1380.07

C Other charges ( per MT of washed Coal)19 Transit Loss @ 1.5% (of 18 + 17) 54.7120 Interest on rail freight (18) for 22 days at SBI rate

for private lending (@14.75%) 12.27

21 Total of Other Expenses (20+19) 66.98D Ceiling Price for GCV(ADB) 4900 Kcal/Kg Coal =

(17+21) 2334.10

E Ceiling Price worked out on pro-rata based onGCV (ADB) 4500 Kcal/Kg Coal. 2143.56

Documents

Preliminary Information Memorandum - Rajasthanenergy.rajasthan.gov.in/content/dam/raj/energy/rvunl/pdf/Tenders/... · to provide information about the Chhabra thermal power plant