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MSPCL ARR & Tariff Petition for FY15-16
1
Multi Year Tariff Petition of FY 2016-17 to FY 2018-19
and Annual Performance Review of FY 2015-16
and Tariff Petition For FY 2016-17
of Manipur State Power Company Limited
Main Text & Formats
Submitted to:
Joint Electricity Regulatory Commission
for Manipur and Mizoram
By:
Manipur State Power Company Limited
(Imphal) November 15
2
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BEFORE THE HONOURABLE JOINT ELECTRICITY REGULATORY COMMISSION FOR MANIPUR AND MIZORAM
FILING NO __________
CASE NO __________
IN THE MATTER
OF:
Petition for Approval of filing Multi Year Tariff
Petition of FY 2016-17 to FY 2018-19 and Annual
Performance Review of FY 2015-16 and Tariff Petition
For FY 2016-17 of Manipur State Power Company
Limited under Sections 61, 62 and 64 of The
Electricity Act 2003
AND
IN THE MATTER
OF:
THE PETITIONER
Manipur State Power Company Limited
Keisampat, Imphal
.................PETITIONER
PETITIONER, UNDER SECTIONS 61, 62 AND 64 OF THE ELECTRICITY ACT 2003
FILES FOR INITIATIONS OF PROCEEDINGS BY THE HONORABLE COMMISSION
FOR DECIDING ON THE MATTERS CONCERNING THE APPROVAL OF FILING
OF MULTI YEAR TARIFF PETITION OF FY 2016-17 TO FY 2018-19 AND ANNUAL
PERFORMANCE REVIEW OF FY 2015-16 AND TARIFF PETITION FOR FY 2016-17
OF MANIPUR STATE POWER COMPANY LIMITED(herein after referred to as
“MSPCL”)
THE MANIPUR STATE POWER COMPANY LIMITEDRESPECTFULLY SUBMITS:
1. The petitioner, Manipur State Power Company Limitedis the transmission
licensee in the state of Manipur which has been formed after the restructuring
of the erstwhile Electricity Department of Manipur.With effect from 1st
4
February'2014, the Electricity Deparment of Manipur has been restructured
into two companies, the Manipur State Power Company Limited (MSPCL)
responsible for distribution and the Manipur State Power Corporation Limited
(MSPCL) responsible for transmission function.
2. As per Terms and Conditions of JERC MYT regulations' 2014, the ARR and
tariff of transmission and distribution are to be determined separately. In the
last order issued for FY 2015-16, JERC has also issued a directive for filing a
separate petition for determination of transmission charges and distribution&
retail supply business. Now, since the department has been restructured and
the segregated data for transmission and distribution is available, two separate
petitions are being filed for determination of transmission charges and
determination of distribution and retail supply tariff. The present petition is for
Multi Year Tariff Petition of FY 2016-17 to FY 2018-19 and Annual Performance
Review of FY 2015-16 and Tariff Petition for FY 2016-17.
3. Pursuant to the enactment of the Electricity Act, 2003 MSPCL is required to
submit its Annual Revenue Requirement (ARR) and Tariff Petition as per
procedures outlined in Sections 61, 62 and 64 of the Electricity Act, 2003 and
the governing regulations thereof.
4. MSPCL has submitted its ARR and Tariff Petition for determination of Multi
Year Tariff Petition of FY 2016-17 to FY 2018-19 and Annual Performance
Review of FY 2015-16 and Tariff Petition for FY 2016-17 on the basis of the
principles outlined in JERC notified by the Joint Electricity Regulatory
Commission.
5. MSPCL prays to the Honourable Commission to admit the enclosed petition
for Multi Year Tariff of FY 2016-17 to FY 2018-19 and Annual Performance
Review of FY 2015-16 and Tariff Petition for FY 2016-17.
ManipurState Power Company Limited
Petitioner
Place: Imphal
Dated:___November, 2015
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TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION ........................................................................................... 9
1 HISTORICAL BACKGROUND ............................................................................................ 9 2 BACKGROUND OF REGULATORY SETUP ....................................................................... 10 3 CONTENTS OF THIS PETITION ....................................................................................... 12
CHAPTER 2: OVERALL APPROACH FOR PRESENT FILING ................................... 13
1 ANNUAL REVENUE REQUIREMENT AND MULTI YEAR TARIFF PETITION FOR FY
2016-17, FY 2017-18, FY 2018-19 ......................................................................................... 13 2 APPROACH FOR FILING ................................................................................................. 13
CHAPTER 3: ANNUAL PERFORMANCE REVIEW OF FY 2015-16 ............................ 14
1 BACKGROUND ............................................................................................................. 14
CHAPTER 4: AGGREGATE REVENUE REQUIREMENT FOR FY 2016-17 TO FY 2018-19 AND TRANSMISSION CHARGES FOR FY 2016-17 ....................................... 27
CONTRACTED CAPACITY IN MANIPUR ................................................................................ 28
1. OPERATION & MAINTENANCE COSTS ............................................................... 32
A. EMPLOYEE EXPENSE ...................................................................................................... 33 B. REPAIRS & MAINTENANCE EXPENSE ........................................................................... 36 C. ADMINISTRATION & GENERAL EXPENSE ..................................................................... 37
2. CAPITAL EXPENDITURE PLAN ............................................................................... 38
GROSS FIXED ASSETS (GFA) ............................................................................................ 59
3. DEPRECIATION ............................................................................................................ 59
4. INTEREST & FINANCE COSTS ................................................................................. 62
A. INTEREST ON WORKING CAPITAL BORROWINGS ........................................................ 62
5. RETURN ON EQUITY .................................................................................................. 63
6. NON-TARIFF & OTHER INCOME ............................................................................ 63
7. AGGREGATE REVENUE REQUIREMENT ............................................................. 64
8. NORMS OF OPERATION ........................................................................................... 65
9. RECOVERY OF TRANSMISSION ARR AND TRANSMISSION TARIFF PROPOSAL FOR FY 2016-17 ................................................................................................ 66
CHAPTER 4: COMPLIANCE ON DIRECTIVES ............................................................. 67
PRAYER.................................................................................................................................... 70
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LIST OF TABLES
TABLE 1: ENERGY ALLOCATION FROM CENTRAL GENERATING STATIONS .......................... 29 TABLE 4: EMPLOYEE COST (RS. LAKHS) ................................................................................ 35 TABLE 5: REPAIRS & MAINTENANCE EXPENSE ....................................................................... 36 TABLE 6: ADMINISTRATIVE & GENERAL EXPENSES ................................................................ 37 TABLE 7: NET O&M EXPENSES ................................................................................................. 38 TABLE 8 CAPITAL INVESTMENT PLAN ..................................................................................... 43 TABLE 10: CAPITAL EXPENDITURE & PROPOSED CAPITALIZATION ...................................... 59 TABLE 11: GROSS FIXED ASSETS (RS. CRORES) ........................................................................ 59 TABLE 12: DEPRECIATION (RS. CRORES) .................................................................................. 61 TABLE 13 INTEREST ON WORKING CAPITAL (RS. LAKHS) ...................................................... 63 TABLE 14: NON-TARIFF INCOME .............................................................................................. 64 TABLE 15: AGGREGATE REVENUE REQUIREMENT .................................................................. 64 TABLE 16 TRANSMISSION TARIFF ............................................................................................. 66
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Notes: In this Petition: Previous Year is defined as Financial Year 2014-15 (referred to as FY-’15 or FY 14-15) Current Year is defined as Financial Year 2015-16 (referred to as FY-’16 or FY 15-16) Ensuing Year is defined as Financial Year 2016-17 (referred to as FY-’17 or FY 16-17) Multi Year or MYT or MYT period is defined as Financial Year 2016-17 to Financial Year 2018-19 (referred to as FY-’17 to FY-’19 or FY 16-17 to FY 18-19) All currency figures and energy units used in this Petition, unless specifically stated otherwise, are in Rs. Crore (Crs) and Million Units (MUs) This petition contains the Main Text of the Petition and Format (Volume I) and Annexure (Volume II).
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Chapter 1: Introduction
1 Historical Background The commissioning of the two micro hydel sets having capacities of 100 KW and 56
KW at Leimakhong in 1930 by the then Manipur State HE Board marked the
beginning of the use of electricity in Manipur. The Royal palace and main areas of
Imphal Town enjoyed Electricity generated from this captive hydel station. During
the World War-II, two more DG sets of 62 KW and 46 KW capacities were installed
at the old Imphal Power House by the Armed Forces for electrification of Imphal
town and its suburbs. The above installed capacity remained the same till the end
of the first Five Year plan (1951-56) of the post independence period. The second
Five Year Plan (1956-61) however saw a significant change in the demand of power
in the state. The demand has been growing rapidly envisaging more social
acceptance and the gradual promotion of awareness of the people towards the use
of electricity for different purposes. This had necessitated further addition in the
generation capacity and it was accomplished with the installation of a few more
DG sets of various capacities in and around Imphal.
To evacuate the power generated from the captive micro hydel power station (100
+ 56) KW at Leimakhong to specific load centres of Palace Compound and main
bazar area of Imphal, the 20 Km. long, 11 KV line between Imphal&Leimakhong
was constructed for the first time in Manipur in 1930. The state was then having 26
Kms. of 11 KV lines and 45 Kms. of domestic lines to serve very few consumers in
7 villages/Leikais. Both the line and generating stations were owned by the then
Manipur State HE Board, constituted under the ex-officio Chairmanship of the
Political Agent. Subsequently Electricity was kept under the administrative control
of the Public Works Department, Government of Manipur. It was separated from
state PWD and started functioning as an independent Department since February
1970.
The peak load demand of Manipur in 1971 was 3.6 MW only. The demand was met
from the State’s own generating stations and power purchased from the
neighboring states/Electricity Board at the low voltage. The per capita
10
consumption of energy was 4.84 KWh. The demand was kept suppressed due to
lack of generation till the year 1980. The scenario was abruptly changed after the
purchase of bulk power from Assam with the commissioning of 132 KV inter-state
transmission line from Imphal to Dimapur and 6.3 MVA, 132/33 KV sub-station at
Yurembam in December 1981. The situation was further alleviated with the
commissioning of Loktak Hydro Electric Project having a capacity of 3x35 MW on
4th of August 1984.
During the years from 1984 to 1996, a number of Central Sector Power Projects,
mostly hydel projects in the North Eastern Region were commissioned. Every
project has a share of about 7-8% for Manipur. Because of the availability from
such projects, the peak demand of the state has increased gradually and in the
previous financial year, it has increased to more than 200 MW.
After the enactment of Electricity Act 2003, various reforms have been initiated in
the power sector including restructuring of integrated state electricity boards into
separate companies. The Electricity Department of Manipur had also initiated the
process of reforms and restructuring and had engaged M/s SBI Caps to advise the
Department on process of corporatization and restructuring of the Electricity
Department. In FY 2013-14, with effect from 1st Feb'2014, Electricity Department of
Manipur (EDM) has been restructured and separated into two different entities 1)
Manipur State Power Distribution Corporation Limited (MSPCL) and 2) Manipur
State Power Corporation Limited (MSPCL). Accordingly, the tariff filing for
Wheeling and Retail Supply Business will be done by MSPDCL and that of
Transmission will be done by MSPCL and submitted to JERC.
MSPCL would like to submit that the present petition is limited to determination
of Multi Year Tariff Petition of FY 2016-17 to FY 2018-19 and Annual Performance
Review of FY 2015-16 and Tariff Petition for FY 2016-17. MSPCL is filing it’s first
MYT petition as per the newly issued JERC MYT regulations' 2014.
2 Background of Regulatory Setup The State Governments of Manipur and Mizoram, in an aspiration to create an
independent Electricity Regulatory Commission to regulate the affairs of power
sector, authorized Government of India to constitute a Joint Commission as per
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Memorandum of Agreement dated 23rd July, 2004 among the Government of
India and the States of Manipur and Mizoram. Accordingly, under provisions of
Section 83(5) the Electricity Act, 2003, a quasi-judicial independent body as the
Joint Electricity Regulatory Commission for the States of Manipur & Mizoram
(JERC) was constituted by the Central Government vide Govt. of India F. No.
23/3/2002-R&R dt. 18thJanuary, 2005 notified in the Gazette of India,
Extraordinary dated 18th January, 2005. The functioning of the Commission
started on January 2008. The Joint Electricity Regulatory Commission issued its
first Tariff Order for FY 10-11 for the state of Manipur on 15th March, 2011. The
second tariff order was issued by JERC for FY 2012-13 on 14th August'2012.
EDM had filed the tariff petition for FY 2013-14 to JERC in April'2013 but the same
was not admitted by the petition because of the delay in filing of the petition and
since the order had to be issued before the start of the year. The petition for FY
2013-14 was kept by JERC for reference and record purpose. The Petition for FY
2014-15 was filed by EDM before November 2013 and the order has been issued
for the same in February'2014.The Petition for FY 2015-16 was filed by MSPCL
before November 2014 and the order has been issued for the same in February'
2015.
As such, MSPCL is filing the present petition for ARR and Tariff Petition for
determination of Multi Year Tariff Petition of FY 2016-17 to FY 2018-19 and
Annual Performance Review of FY 2015-16 and Tariff Petition for FY 2016-17 by
the required timeline of 30th November' 2015 to enable the issue of the tariff order
before the start of FY 2016-17.
MSPCL is discharging its duties in the matters of;
• Wheeling of electricity and transmission of power within the state for
further use by the distribution licensee;
• Preparing and carrying out schemes for transmission upto 33 kV
Chapter 2 (clause 4) of the Joint Electricity Regulatory Commission (Terms and
Conditions for Determination of Tariff) Regulations, 2010 requires the licensees to
submit the details of expected Aggregate Revenue Requirement for the ensuing
financial year before 30th November every year. To fulfill this statutory
12
requirement, the MSPCL is submitting this Application for approval of the
aggregate revenue requirement for the ensuing Financial Year 2016-17.
MSPCL being a utility undertaking transmissionfunction, the cost and expenses of
transmissionfunctions are being compiled together and it has been decided to file
tariff petition for the same.
In view of above MSPCLhereby submits its Petition for ARR and Tariff Petition
for determination of Multi Year Tariff Petition of FY 2016-17 to FY 2018-19 and
Annual Performance Review of FY 2015-16 and Tariff Petition for FY 2016-17.
3 Contents of this Petition
This Petition covers the actuals for FY 2014-15, revised estimates for FY 2015-16
and the basis, assumptions and projections of individual elements constituting the
determination of ARR for FY 2016-17, FY 2017-18. FY 2018-19. The Joint Electricity
Regulatory Commission for the states of Manipur and Mizoram had issued the
first Tariff Order for Electricity Department-Manipur on 15th March, 2011 for FY
2010-11. Further the Second Tariff Order for Electricity Department-Manipur was
issued on 14th August, 2012 for FY 2012-13. The third order was issued by JERC
for FY 2014-15 on 28th February' 2014. The last and fourth order was issued by
JERC for FY 2015-16 on 28th February' 2015seperately for MSPCL and MSPDCL.
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Chapter 2: Overall Approach for Present Filing
1 Annual Revenue Requirement and Multi Year Tariff Petition for FY 2016-17, FY 2017-18, FY 2018-19
MSPCL is filing the petition for the determination of Annual Revenue Requirement
Petition for the years FY 2016-17, FY 2017-18 and FY 2018-19 based on the past
performance and expected changes in each element of cost and revenue for the
ensuing years. MSPCL has studied the previous trends and taken cognizance of other
internal and external developments to estimate the likely performance for FY 2016-17,
FY 2017-18 and FY 2018-19.
2 Approach for Filing
The present filing for the Annual Revenue Requirement for the FY 2016-17, FY 2017-18
and FY 2018-19 is based on the principles enumerated by the Joint Electricity
Regulatory Commission’s (JERC) in the Terms and Conditions for (Multi Year Tariff)
Regulations, 2014 notified on 9th June, 2014 as well as the present CERC regulations
for the control period FY 2014-19, wherever applicable. The subsequent sections
provide projection for various expenses, the proposed investment plan for multiyear
and the expected revenue requirements for FY 2016-17, FY 2017-18, FY 2018-19 based
on the tariff notifications in force in the area of supply of MSPCL.
Projections of various cost components required for determination of Aggregate
Revenue Requirement for FY 2016-17, FY 2017-18 and FY 2018-19 along with the
rationale for estimation of such cost and the philosophy adopted by MSPCL for
projecting sales, number of consumers and power purchase cost for FY 2016-17, FY
2017-18 and FY 2018-19 has been covered in this section.
For the purpose of projecting the financial & technical parameters for FY 2016-17, FY
2017-18 and FY 2018-19, MSPCL has considered its actual performance during FY
2012-13, FY 2013-14, FY 2014-15 and FY 2015-16(First five months) as base and has
projected the figures for FY 2016-17, FY 2017-18 and FY 2018-19 with supporting
rationales.
MSPCL ARR & Tariff Petition for FY15-16
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Chapter 3: Annual Performance Review of FY 2015-16
As per JERC (Multi Year Tariff) Regulations, 2014, MSPCL is required to submit the
Annual Performance Review (APR) of the current year in each year of the control
period along with the Tariff Petition of the ensuing year. Since the JERC (Multi Year
Tariff) Regulations, 2014 is effective from 1st April, 2015, the APR of FY 2015-16 shall
be carried out under the JERC (Multi Year Tariff) Regulations, 2014.
It may be noted that the truing up petition for the past year i.e. FY 2014-15 is not being
carried out because the tariff order for FY 2014-15 issued by JERC was integrated for
all functions and was applicable for the erstwhile Electricity Department of Manipur.
However, with effect from February' 2014, the erstwhile Electricity Department of
Manipur has been restructured into Manipur State Power Company Limited which
mainly looks after the transmission function and Manipur State Power Distribution
Company Limited which looks after the distribution function. However, the truing up
of FY 2015-16 shall be carried out along with the tariff petition of next year i.e. FY 2017-
18.
1 Background The last tariff order for FY 2015-16 for MSPCL was issued by the Commission on 27
February, 2014. Before issuing the next Tariff Order, it is important to review the
technical as well as financial performance of MSPCL vis-à-vis the Tariff Order issued
by the Commission for the current year i.e. FY 2015-16. The review examines technical
and financial performance of MSPCL in FY 2015-16 with the figures approved for FY
2015-16 in the Tariff Order dated 27 February, 2014. The exercise also attempts to
gauge the effectiveness of the last Tariff Order by evaluating the actual performance as
against the targets set in the last Tariff Order. These aspects are discussed in the
following paras.
It may be noted that the actual truing up of the performance of FY 2015-16 shall be
done next year along with the tariff petition of FY 2017-18 when the audited account
statements are available.
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2 Transmission System Availability
As per JERC MYT regulations’ 2014the target transmission availability proposed for
FY 2015-16 for MSPCL is 98%. The estimated transmission availability for FY 2015-16
is also 98%.
3 Transmission Losses
MSPCL would like to submit that currently all the input and output points of
transmission system are not metered and all the out-going 11 kV feeders as well as
incoming 132 kV lines in the state are not metered. As such, the transmission losses in
the system cannot be measured for MSPCL at this point of time. MSPCL is making all
efforts to complete the metering of all Import and Export points by the end this
Financial Year. IT has placed the purchase order for procurement of 132 and 33 kv
meters.
However, In the absence of any base level of losses, the Commission had approved
intra-state transmission loss of 3.6% on estimated basis. MSPCL requests the
Commission to approve the transmission loss form next year for the tariff of FY 2017-
18 onwards.
4 Energy Requirement
MSPCL would like to submit that the approved energy quantum at the input of
MSPCL network was 851.7 MUs. In actual, the actual energy input at MSPCL
network is estimated to be 782.35 MUs because of lesser drawl by MSPDCL than the
projected figures approved by the Commission.
Table : Energy Requirementand Availability for FY 2015-16
Particulars Approved Actual (till
Aug'15) Estimated
Energy at state periphery of
Manipur 851.76 325.75 782.35
5 Operation and Maintenance Expenses
Employee cost
The Commission had approved an employee cost of Rs. 33.76 crores based on the
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actual data of FY 2013-14 assuming year on year increase of 15%. The actual
expenditure in FY 2015-16 till Sept'15 is Rs. 12.05 crores and based on the latest actual
data, the estimated expenditure in FY 2015-16 7s Rs. 31.06 crores.
MSPCL would like to submit that it has plans of recruting 463 number of employees in
the current year and it has already initiated the process of recrtuitment and the process
is underway. The new employees are expected to be inducted into the company by the
end of this calendar year. Further, around 67 retirements are expected for the current
financial year. As such, the actual employee strength of 874 as on 31.03.2015 is
expected to increase to 1270 by 31.03.2016. The average employee strength is
accordingly estimted to be 1072 for FY 2015-16.
MSPCL would like to submit that the assumed increase of 15% is not sufficient as the
total employee count is expected to increase by around 40% in the current year itself
because of the recruitments which are already in process.
MSPCL is suffering from acute shortage of manpower as on the date of restructuring.
There are only 874 employees against the sanctioned strength of 1585 as on 31.03.2015.
MSPCL plans to fill these vacancies over the control period from FY 2014-15 to FY
2017-18 so that the burden of employee cost does not increase sharply. However,
because of the existing shortage of manpower, the employee cost will increase in the
future years because of the intake planned in current year and the ensuing years.
The data of employees cost and the number of employees is given in the table below.
Table: Employee cost for FY 2015-16 (Rs. Crore)
Employees Cost Approved Actual (till
Sept'15)
Estimated
FY 2015-16
Grand Total 33.76 12.03 31.60
Average number of
employees 1101 860 1072
(b) Repairs and Maintenance expenses
There has been an increase in R&M expenses in the last year on account of huge
increase in asset base. It is submitted that most of the expenses on account of R&M
mainly happens in the last quarter as the funds are mostly released at that time. But
MSPCL expects the estimated expenses to be higher based on the actual R&M works
already done, the payouts for which are pending.
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Table: R & M Expenses for FY 2015-16 (Rs. crore)
MSPCL requests the Commission to approve the expenses for FY 2015-16 as estimated
as the same is necessary for proper maintenance and strengthening of the system and
quality of supply in the region in order to ensure consumer satisfaction.
(c) Administrative and General Expenses
The Commission had approved Rs. 2.37 crores as A&G expenses for MSPCL based on
the item wise projections provided by MSPCL. However, the actual expenses till
Aug'15 are Rs.0.53 crores and the estimated expenses for FY 2015-16 are Rs.3.07 crores.
The actual A&G expenses in FY 2014-15 was Rs.2.93 crores. The estimated expenses are
based on the actual data for FY 2014-15.
MSPCL would like to submit that post restructuring, there has been an increase in
A&G expenses on account of various IT interventions and capacity building initiatives.
As such, MSPCL requests the Commission to consider the actual expenses incurred in
FY 2015-16 and approve the same. The break-up of actual expenses is provided in the
next section.
Table: A&G Expenses of MSPCL for FY 2015-16 (Rs. crore)
A&G Cost Approved Actual (till
Aug'15)
Estimated
FY 2015-16
Grand Total 2.37 0.53 3.07
6 Capital Expenditure Plan for FY 2015-16
The actual progress of various capital expenditure schemes against the approved
figures are given below. MSPCL would like to submit that a majority of the expenses
in the capital investment schemes happens in the last quarter because of the time taken
in clearance of the invoices and release of funds. As such, the actual progress till
September' 15 submitted below is not a direct indicator of the estimated expenditure
for the full year. MSPCL has projected the estimated expenditure based on the
progress of the schemes and the actual expenditure of the past years.
Sl. No. R&M Cost Approved Actual (till
Aug'15)
Estimated
FY 2015-16
1 Grand Total 4.11 0.33 4.00
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Table : Capital Expenditure FY 2015-16 (Rs. crore)
Sl. No.
Name of the Scheme / Work Total Project
Cost
Approved Capital Investment
Actual Investment till Sept'15
Estimted Capital
Expenditure
I Generation Hydro
1 Loktak Down Stream HE Project 867.77 10.00 0.00 2.00
2 Tipaimukh HE project 8138.79 1.00 0.00 0.00
Total : Generation Hydro (I) 9006.56 11.00 0.00 2.00
II Transmission & Distribution
A.1 Ongoing Schemes
A.1.1 132 KV System
1 Installation of line bay equipment at 132 KV terminals at Churachandpur and Kakching 132/33 KV S/Ss
3.56 1.50 0.00 0.50
2 Augmentation of 132/33 KV S/S at Ningthoukhong S/S
4.99 0.90 0.00 0.00
3 Stringing of 2nd Circuit 132 KV line on the existing Double Circuit tower from Ningthoukhong - CCpur line (Rs. 316.29 lakh is for line bay only)
3.16 0.05 0.00 0.50
4 Constn. of 132 KV S/C lineYurembam to Yaingangpokpi
33.71 2.00 0.83 1.93
5 Installation of 132/33 KV S/S at Kongba (NEC scheme with State Plan support)
21.53 1.00 0.00 0.50
6 Installation of 132/33 KV S/S at Hundung (Ukhrul) & its associated line
51.30 5.90 0.50 0.50
7 Re-stringing of 132 KV line from Loktak to Jiribam
8.02 0.05 0.00 0.40
8 Renovation & Modernisation of 132/33 KV sub-station at Yurembam (NEC scheme with State Plan support)
35.41 4.87 0.00 2.26
9 Installation of 132/33 KV S/S at Chandel with associated 132 KV line (NLCPR scheme with State Plan support)
31.10 3.10 0.00 3.00
10 Augmentation of 132/33 KV S/S at Yaingangpokpi by installing additional 20 MVA transformer
6.87 0.05 0.00 1.00
11 Renovation & Modernisation of two nos. of 132/33 KV S/S at Yaingangpokpi&Ningthoukhong (NLCPR scheme with State Plan support)
39.02 6.24 0.00 7.45
12 Renovation & Modernisation of three nos. of 132/33 KV S/S at Kakching, Karong&Churachandpur (NLCPR scheme with
52.93 21.81 7.53 16.77
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Sl. No.
Name of the Scheme / Work Total Project
Cost
Approved Capital Investment
Actual Investment till Sept'15
Estimted Capital
Expenditure
State Plan support)
13 Installation of 132/33 KV S/S at Thanlon with associated line (NLCPR scheme with State Plan support)
109.16 26.81 1.18 22.09
14 Providing of 132 KV Energy Meter 2.00 1.00 0.00 0.50
15 Installation of 2x20 MVA, 132 KV Sub-station along with the associated 132 Kv LI-LO line & related civils works at Thoubal (Support for NEC funding)
0.00 0.00 0.00 18.00
16 Augmentation of Rengpang 132/33 KV sub-station by installing (3x4.16+1x4.16) MVA, 132/33 KV single phase transformers
0.00 0.00 0.00 4.00
Sub-Total A.1.1 402.76 75.28 10.04 79.41
A.1.2 33 KV System
1 Augmentation of existing 33/11 KV Sub-stations at Yurembam, Mongsangei, Kongba, Keishampat, Lamphel, Iroisemba and Nilakuthi by installing 2x10 MVA (14 nos.)
15.91 1.00 0.00 0.50
2 Upgradation of the installed capacities of 33/11 KV S/Ss
20.05 1.50 0.00 1.00
3 Construction of 33 KV D/C line from Leimakhong to Iroisemba (NLCPR scheme with State Plan support)
12.47 0.79 0.59 0.10
4 Construction of 33 KV D/C line from Mongsangei to Khumanlampak via Kongba (NLCPR scheme with State Plan support)
23.36 5.00 0.00 1.00
5 Installation of 33 KV S/S at Thanlon (NLCPR scheme with State Plan support)
15.46 3.00 0.00 0.30
6 Installation of 33/11 KV sub-station at Henglep (NLCPR scheme with State Plan support)
7.05 0.05 0.30 1.21
7 Installation of 33/11 KV sub-station at Chakpikarong (NLCPR scheme with State Plan support)
11.54 1.28 0.00 1.41
8 Installation of 33/11 KV (2x10 MVA) S/S at Mantripukhri
9.12 0.70 0.00 0.00
9 Installation of 33/11 KV (2x5 MVA) S/S at Chingaren
8.69 0.20 0.00 0.10
10 Installation of 33 KV S/S at Willong (NLCPR scheme with State Plan support)
8.98 0.05 0.00 0.00
11 Installation of 33/11 KV (2x1 MVA) S/S at Oinamlong
7.08 2.20 0.83 1.00
12 Installation of 33/11 KV (2x3.15 MVA) S/S at Sagolmang (NLCPR scheme with State Plan support)
7.02 0.00 0.00 0.00
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Sl. No.
Name of the Scheme / Work Total Project
Cost
Approved Capital Investment
Actual Investment till Sept'15
Estimted Capital
Expenditure
13 Installation of 33/11 KV (2x1 MVA) S/S at Sekmaijin (Support for NLCPR funding)
7.33 0.90 0.00 0.82
14 Installation of 33/11 KV (2x1 MVA) S/S at UkhrulKhunjao (NLCPR scheme with State Plan support)
9.49 1.00 0.00 0.21
15 Construction of 33/11 KV S/Ss under APDRP and RGGVY : Land acquisitions of the sub-stations
0.00 0.10 0.00 0.00
16 Installation of 33/11 KV (2x5 MVA) S/S at Chandel (NEC scheme with State Plan support)
4.78 1.75 0.40 0.20
17 Construction of Line bays, equipment foundation and civil works for Machi and Joupi 33/11 KV sub-stations
2.24 0.50 0.00 0.00
18 Installation of 33/11 KV S/S at Jessami with associated 33 KV line
14.68 1.00 0.00 0.10
19 Installation of 33/11 KV S/S at Sinjol with associated 33 KV line
13.54 2.00 0.00 2.00
20 Installation of 33/11 KV (2x5 MVA) S/S at JNIMS with associated 33 KV line
7.99 0.10 0.00 0.00
21 Re-stringing & strengthening of 33 KV line 1.82 0.00 2.00 2.00
22 Installation of 33/11 KV S/S at ThoubalLeishangthem with associated 33 KV line
10.87 0.10 0.25 1.91
23 Erection of 33 KV feeders from Yurembam POWERGRID sub-station
9.32 4.00 5.00 5.00
24 Installation of 2x5 MVA 33/11 KV sub-ststion with associated 33 KV line at Power House site of Loktak Down Stream HE Project (NEC scheme with State Plan support)
13.04 3.80 2.00 2.00
25 Installation of 33/11 KV sub-station with associated 33 KV line at Sugnu (NLCPR scheme with State Plan support)
11.27 2.94 0.41 3.44
26 Installation of 33/11 KV sub-station with associated 33 KV line at Khongjom (NLCPR scheme with State Plan support)
9.87 2.75 0.47 3.23
27 Installation of 33/11 KV sub-station with associated 33 KV line at Sekmai (NLCPR scheme with State Plan support)
9.52 2.70 0.76 3.17
28 Installation of 33/11 KV S/S at Gelnel (NLCPR scheme with State Plan support)
8.45 2.40 0.47 2.87
29 Installation of 33/11 KV sub-station with associated 33 KV line at NungbiKhullen (NLCPR scheme with State Plan support)
11.69 2.94 0.89 3.44
Total: A.1.2 292.62 44.75 14.36 37.01
A.2 New Schemes
A.2.1 400 KV System
21
Sl. No.
Name of the Scheme / Work Total Project
Cost
Approved Capital Investment
Actual Investment till Sept'15
Estimted Capital
Expenditure
1 Installation of 400 KV Sub-Station along with associated line
370.00 90.00 32.76 37.78
A.2.2 132 KVSystem
1 Installation of 132/33 KV sub-station at Morehwth erection of associated 132 KV line.
47.85 20.00 12.58 19.18
2 Installation of 132/33 KV S/S at Thoubal with associated 132 KV line.
39.80 17.00 7.95 7.95
3 Renovation & Modernisation of 132/33 KV S/S at Jiribam with installation of one addl. 20 MvA transformer
2.73 2.70 0.73 1.50
4 Augmentation of 132/33 KV S/S at Ningthoukhong by installing one addl. 20 MVA transformer
2.61 2.10 1.11 0.50
5 Augmentation of 132/33 KV S/S at Kongba by installing one addl. 20 MVA transformer
2.61 2.10 0.00 0.50
6 Composite scheme for Development of Transmission & Distribution Network in NER (World Bank loan)
443.42 7.00 0.00 0.10
7 Erection of 132 KV line (2nd circuit) from Yaingangpokpi to Kakching via Kongba
25.73 5.50 0.00 3.00
8 Erection of 132 KV line (2nd circuit) from Kakching to Churachandpur
11.48 5.50 7.70 7.70
9 Augmentation of 132/33 KV S/S at Rengpang by installing additional 12.5 MVA transformer
5.00 2.00 0.00 2.00
10 Construction of 132 KV S/C line (2nd Circuit) on D/C Towers from Leimatak Power House (NHPC) to 132 KV S/S at Ningthoukhong.
0.00 0.00 0.00 10.00
11 Installation of 132 KV S/S along with associated line at Elangkhangpokpi, Thoubal District
0.00 0.00 0.00 15.00
12 Construction of 132 KV S/C line (3rd Circuit) strung on D/C Towers from 132 KV Yurembam S/S (State) to Yurembam S/S (PGCI).
0.00 0.00 0.00 2.00
13 Installation of 2x12.5 MVA, 132 KV S/S along with associated line at Tipaimukh, Churachandpur District
0.00 0.00 0.00 5.00
Sub-Total : A.2.1 and A.2.2 951.23 153.90 62.84 112.21
A.2.3 33 KV System
1 Installation of GIS 33/11 KV S/S at Capitol Project with associated 33 KV line
16.24 1.00 0.00 0.00
2 Installation of GIS 33/11 KV S/S at Pisum with associated 33 KV line
13.18 1.00 0.00 0.00
3 Installation of 33/11 KV sub-station with associated 33 KV line at Sagolband
8.03 1.00 0.00 0.00
22
Sl. No.
Name of the Scheme / Work Total Project
Cost
Approved Capital Investment
Actual Investment till Sept'15
Estimted Capital
Expenditure
4 Installation of 33/11 KV sub-station with associated 33 KV line at Hiyangthang
8.68 1.00 0.00 0.00
5 Installation of 33/11 KV sub-station with associated 33 KV line at Gumnom
6.40 1.00 0.00 2.04
6 Re-stringing & strengthening of 33 KV line lines 3.00 0.50 0.00 0.00
7 Providing of 33 KV &11 KV feeder meters. 5.00 2.00 0.00 1.00
8 Renovation of 33/11 KV S/S at Khoupum 1.00 0.30 0.00 0.15
9 Installation of 33/11 KV S/S at Moirangpali with associated 33 KV line
10.45 1.00 0.00 0.05
10 Installation of 33/11 KV S/S at Senapati with associated 33 KV line
9.98 0.50 0.00 0.00
11 Augmentation of 33/11 KV Sub-stations at Moreh, Karong, Nambol, Bishnupur, Ningthoukhong, MoirangKhunou, Kangpokpi and Leimakhong.
18.77 1.50 0.00 0.00
12 Installation of 33/11 KV S/S at Mualnuam with associated 33 KV line
12.15 1.00 0.00 0.05
13 Installation of 33/11 KV sub-station with associated 33 KV line at Gamphajol
0.00 0.00 2.00 2.00
14 Re-stringing & strengthening of 33KV line from KhumanLampak to Nilakuthi
0.00 0.00 0.00 0.00
15 Contn. Of 2*1 MVA,33/11 KV SS at Sinjwal 0.00 0.00 0.00 0.00
16 Instln. On 2*2.5 MVA 33 KV SS and related civil works at Phungyar,UkhrulDistrict,Manipur on turn key basis.
0.00 0.00 2.00 2.00
17 Instln. Of 2*2.5 MVA 33 KV SS and related civil works at KasomKhullenUkhrul District Manipur on turn key basis
0.00 0.00 2.00 2.00
18 Instln. Of 2*2.2.5 MVA 33 KV SS and related civil works at MayangkhangSenapati District, Manipur on Turn Key Basis.
0.00 0.00 1.50 1.50
19 Instln. Of 2*2.5 MVA 33 KV SS and related civil works at Mao SenapatiDistrict,Manipur on turn key basis.
0.00 0.00 1.50 1.50
20 Installation of 33/11 KV S/S at Longpi with associated 33 KV line
0.00 0.00 0.00 0.05
21 Installation of 33/11 KV S/S at Nungleiband with associated 33 KV line
0.00 0.00 0.00 0.05
Sub-Total : A.2.3 112.88 11.80 9.00 12.40
III Misc. Schemes 61.89 14.10 6.34 18.33
Total: Normal Plan I+II+III) 10827.95 310.83 102.58 261.35
It may be observed from the above table that the estimated capital expenditure for FY
2015-16 has decreased from the projected figure of Rs.310.83 crores to Rs. 261.35 crores.
Out of the total estimated expenditure, Rs. 102.58 crores has already been spent till
23
September'2015. MSPCL would like to submit that there were some new schemes
which it had to undertake in FY 2015-16 in order to meet the demand, which were not
planned. Details of scheme wise progress is given above.
7 Gross Fixed Assets
The approved and estimated values of GFA for FY 2015-16 is shown below. It is
submitted that the actual value of assets have decreased because the assets transferred
from the erstwhile Electricity Department of Manipur has been transferred at written
down values as on 31.01.2014 and not the gross asset value as projected earlier. A copy
of the financial statements for FY 2014-15 is attached as Annexure for reference.
Further, it may be seen from audited statements that MSPCL is having a Capital
Works in Progress (CWIP) of Rs. 469 crores as on 31.03.2015, which are expenses
incured on ongong projects. Out of this CWIP, a number of projects shall be
commissioned in FY 2015-16. As such, it is estimated that new assets of around Rs. 330
crores shall be capitalized in FY 2015-16, from the existing CWIP and new investment
as plan of FY 2015-16 of Rs. 261.3 crores (as mentioned above).
Against the estimated capitalization of Rs.330 crores, the Commission had approved
only Rs.157 crores. MSPCL has given the detailed scheme wise progress of capital
investment plan and requests the Commission to consider the estimated figures for
projections under this petition.
Table Gross Fixed Assets (Rs. crores)
Particulars Approved Estimated
FY 2015-16
Opening value of assets at the start of year 508.64 194.64
New assets capitalized during the year 157.33 329.35
Closing value of assets at the end of the year 665.97 523.99
7 Depreciation
Based on the category wise assets shown above and the depreciation rates provided by
the Commission in JERC (MYT Tariff) Regulations 2014, the depreciation is calculated
as given below. Because of the decrease in value of assets as provided above, the
depreciation figures have decreased accordingly
Table: Depreciation for FY 2015-16 (Rs. crore)
24
Depreciation Approved Estimated
FY 2015-16
Grand Total 0.88 0.24
8 Interest and Finance Charges
Last year, MSPCL had expected the World Bank projects to be funded through a
small component of 10%. But after detailed discussion with all stakeholders, it has
now been decided that the World Bank projects shall be undertaken directly by
Government of India and the assets after completion shall be handed over to
MSPCL. As such, there shall be no liability of loan for MSPCL on account of World
Bank projects. As such, there is no interest and finance charges estimated during FY
2015-16 and beyond.
Table : Interest and Finance Charges for FY 2015-16 (Rs. crore)
Particulars Approved Actual (till
Aug'15)
Estimated
FY 2015-16
Total Interest and Finance Charges 0.00 0.00 0.00
9 Interest on Working Capital
For APR, MSPCL has calculated the interest on working capital as per the new JERC
(Multi Year Tariff) Regulations, 2014, and based on the estimated figures shown
earlier. The calculation is shown below:
Table: Interest on Working Capital for the FY 2015-16 (Rs. crore)
Sl. No. Particulars CY
2015-16
1 Receivables for two months
calculated on NATAF 5.13
2 Maintenance spares @ 15% of O&M 5.80
3 O&M expenses for 1 month 3.22
4 Total Working Capital 14.15
5 Rate of Interest 14.75%
6 Interest on Working Capital
estimated 2.09
Interest on working capital as approved
by JERC for FY 2015-16 order 1.92
25
10 Return on Equity (with Tax)
JERC (Multi Year Tariff) Regulations, 2014 provides for return at 15.5% on post tax
basis. After inclusion of tax at 20.01%, the effective return rate works out to be 19.38%.
Hence, the estimated value of RoE claimed on an equity amount of Rs. 10.05 crores,
under this APR is 1.95 crores. It may be noted that the Commission had considered the
paid up equity of Rs. 10.00 crores but the actual paid up equity as per account
statements is Rs. 10.05 crores.
Table: Return on Equity for FY 2015-16 (Rs. crore)
Return on Equity Approved Estimated
FY 2015-16
Grand Total 1.86 1.95
11 Non-Tariff Income
The estimated value for FY 2015-16, actual amount till Aug'15 and the approved values
for non tariff income are shown below:
Table: Non-Tariff Income for FY 2015-16(Rs. crore)
Particulars Approved Actual (till
Aug'15)
Estimated
FY 2015-16
Non-Tariff Income 0.38 5.22 11.48
Out of the estimated expenditure of Rs. 11.48 crores, Rs. 7.54 crores is income from
short term open access charges. The other heads are Agency charges, Interest from
FD, bank account etc. MSPCL would like to submit that the energy transacted
through short term open access have seen a very sharp increase and as such the
income from such transactions have also increased.
12 Aggregate Revenue Requirement
Based on the above analysis and approvals, the Aggregate Revenue Requirement
estimated for APR by MSPCL against the figures approved by the Commission for FY
2015-16 is furnished in Table below:
26
Table : Aggregate Revenue Requirement for FY 2015-16 (Rs. crore)
Sr. No. Particulars Approved
Estimated under
APR
Employee costs 33.76 31.60
6 Repair & Maintenance expense 4.11 4.00
7 Adm& Gen. Expenses 2.37 3.07
8 Depreciation 0.88 0.24
9 Interest & Finance Charges 0 0.00
10 Interest on Working capital 1.92 2.09
Total Cost 43.04 41.01
12 Add: Return on Equity / ROE 1.86 1.95
13 Less: Non Tariff income 0.38 11.48
Less: Expenses Capitalized 0.76 0.69
Aggregate Revenue Requirement 43.76 30.78
MSPCL ARR & Tariff Petition for FY15-16
27
Chapter 4: Aggregate Revenue Requirement for FY 2016-17 to FY 2018-19 and Transmission charges for FY 2016-17
MSPCL is submitting its Multi yearTariff petition for the determination of ARR for FY
2016-17 to FY 2018-19, transmission tariff for FY 2016-17 and Annual Performance
Review of FY 2015-16 broadly on the basis of the principles outlined in Tariff
Regulations notified by JERC. MSPCL has considered the past trends and taken
cognizance of other internal and external developments to estimate the likely
performance for for FY 2016-17, FY 2017-18 and FY 2018-19.
The following sections explain in detail the basis and forecasts of the following
elements for FY 2016-17, FY 2017-18 and FY 2018-19:
a. Capital Investment Plan for the current year and ensuing year
b. Determination of Aggregate Revenue Requirement by forecasting
the following costs, other income & returns:
i. Employee Cost
ii. Repairs & Maintenance Cost
iii. Admin & General Cost
iv. Interest Cost
v. Interest on Working Capital
vi. Depreciation
vii. Return on Equity
viii. Non-Tariff Income
c. Additional Revenue through the proposed Tariff Revision and the
arrangements to cover the revenue gap.
28
Contracted Capacity in Manipur
1. Manipur has allocations in Central Sector Generating Stations of NHPC,
NEEPCO (Hydro), NEEPCO(Gas),Tripura Baramura gas basedPower Plant,
OTPC Pallatana unit 1&2(Gas) and NTPC Bongaigaon plant.
2. Further the allocation from various power stations to Manipur has been
listed in the table below:
MSPCL ARR & Tariff Petition for FY15-16
29
Table 1: Energy Allocation from Central Generating Stations
Source FY 14-15 (Actual) FY 16-17 (Proj.) FY 17-18 (Proj.) FY 17-18 (Proj.)
Installed Capacity
Manipur Allocation
(MW)
Avg . Allocation in
%
Manipur Allocation
(MW)
Avg . Allocation in
%
Manipur Allocation
(MW)
Avg . Allocation
in %
Manipur Allocation
(MW)
Avg . Allocation
in %
NEEPCO(Hydro)
Kopili I HEP 200 14.78 7.39% 14.78 7.39% 14.78 7.39% 14.78 7.39%
Kopili II HEP 25 1.74 6.95% 1.74 6.95% 1.74 6.95% 1.74 6.95%
Khandong HEP 50 3.28 6.56% 3.28 6.56% 3.28 6.56% 3.28 6.56%
Ranganadi HEP 405 33.91 8.37% 33.91 8.37% 33.91 8.37% 33.91 8.37%
Doyang HEP 75 5.90 7.87% 5.90 7.87% 5.90 7.87% 5.90 7.87%
New Projects
Kameng HEP Stage I 300 0.00 0.00% 7.00 2.33% 7.00 2.33% 7.00 2.33%
Kameng HEP Stage II
300 0.00 0.00% 0.00 0.00% 7.00 2.33% 7.00 2.33%
Pare HEP 110 0.00 0.00% 4.40 4.00% 4.40 4.00% 4.40 4.00%
Turial HEP 60 0.00 0.00% 0.00 0.00% 2.40 4.00% 2.40 4.00%
Subtotal 1525 59.61
71.01
80.41 80.41
NEEPCO(Gas Based)
Assam Gas based Power Project
291 23.59 8.11% 23.59 8.11% 23.59 8.11% 23.59 8.11%
Agartala Gas Turbine Power
Project 84 6.98 8.31% 6.98 8.31% 6.98 8.31% 6.98 8.31%
Agartala Gas Turbine Power
51 0.00 0.00% 4.24 8.31% 4.24 8.31% 4.24 8.31%
30
Source FY 14-15 (Actual) FY 16-17 (Proj.) FY 17-18 (Proj.) FY 17-18 (Proj.)
Installed Capacity
Manipur Allocation
(MW)
Avg . Allocation in
%
Manipur Allocation
(MW)
Avg . Allocation in
%
Manipur Allocation
(MW)
Avg . Allocation
in %
Manipur Allocation
(MW)
Avg . Allocation
in %
Project- EXT
New Projects
Monarchak Gas Based Power Project
101.00 0.00 0.00% 4.04 4.00% 4.04 4.00% 4.04 4.00%
Subtotal 527 30.57
38.85
38.85 38.85
NHPC(Loktak HEP)
Purchased (20.02 MW) and Free (12.60
MW) 105 31.62 30.12% 39.62 37.73% 39.62 37.73% 39.62 37.73%
Subtotal 105 31.62
39.62
39.62 39.62
TRIPURA
Baramura(Gas Based)(Unit IV &
Unit V) 42 10.50 25% 10.50 25% 10.50 25% 10.50 25%
New Projects
OTPC-(Pallatana-Unit I)
363 21.00 5.79% 21.00 5.79% 21.00 5.79% 21.00 5.79%
OTPC-(Pallatana-Unit II)
363 21.00 5.79% 21.00 5.79% 21.00 5.79% 21.00 5.79%
NTPC
NTPC Bongaigaon Unit I
250 0.00 0.00% 13.33 5.33% 13.33 5.33% 13.33 5.33%
NTPC Bongaigaon Unit II
250 0.00 0.00% 13.33 5.33% 13.33 5.33% 13.33 5.33%
31
Source FY 14-15 (Actual) FY 16-17 (Proj.) FY 17-18 (Proj.) FY 17-18 (Proj.)
Installed Capacity
Manipur Allocation
(MW)
Avg . Allocation in
%
Manipur Allocation
(MW)
Avg . Allocation in
%
Manipur Allocation
(MW)
Avg . Allocation
in %
Manipur Allocation
(MW)
Avg . Allocation
in %
NTPC Bongaigaon Unit II
250 0.00 0.00% 13.33 5.33% 13.33 5.33% 13.33 5.33%
Subtotal 1518 52.5
92.49
92.49 92.49
Total at the End of the Year
3675 174.30
241.97
251.37 251.37
Average Contracted Capacity for the
Year 150.48 218.22 243.37 243.37
MSPCL ARR & Tariff Petition for FY15-16
32
3. It can be seen from the above table that total contracted capacity as on date
in Manipur is174.30 MW which is expected to increase up to 241.97 MW,
251.37 MW and 251.37 MW respectively in FY 2016-17, FY 2017-18 and FY
2018-19 with the expected commissioning of new generating units namely
NTPC Bongaigaon Unit I, II and III, NEEPCO Monarchak Gas Based Power
Project, Kameng HEP, Pare HEP and Tuirial HEP.
4. The own generation of Manipur is very less therefore it mainly relies on the
allocations of power from Central Generating Stations like NHPC,
NEEPCO, OTPC Pallatana Unit I and Tripura based Baramura power plant
to meet its energy requirement. Further, MSPDCL is also expected to start
getting power from NTPC Bongaigaon Unit I and NEEPCO Monarchak Gas
Based Power Project in last quarter of FY 2015-16 and NTPC
BongaigaonUnit II & III in FY 2016-17. The total allocation from NTPC
Bongaigaon Unit I, II & III is 39.99 MW. MSPDCL is also expecting power
from Kameng HEP Stage I and Pare HEP in FY 2016-17 with a share of
11.40 MW and from Kameng HEP Stage II and Tuirial HEP in FY 2017-18
with a share of 9.40 MW. Also MSPDCL’s share from NHPC Loktak HEP
has been increased by 8 MW (Non-Free category).
5. MSPCL proposed to recover the transmission ARR as fixed monthly
charges based on the contracted capacity of the distribution licensee i.e
MSPDCL. The subsequent sections detail the calculation of transmission
ARR.
1. Operation & Maintenance Costs
1. Operation and Maintenance expenses comprise of the following heads:
Employees Expenses which includes the basic pay, dearness pay, dearness
allowances, house rent allowances, and other allowances, new pension
schemepaid to the staff;
Repair and Maintenance (R&M) Expenses, which include all expenditure
incurred on the maintenance and upkeep of transmissionassets; and
33
Administrative and General Expenses, which include all expenditure
incurred in operating a business such as office and IT expenses, consultancy
and regulatory fee etc.
2. As such, the arrear figures have been removed from the actual data of
employee expenses for considering the base of projections for FY 2015-16 and
FY 2016-17, FY 2017-18 and FY 2018-19 respectively. However considering
impact of implementation of upcoming VII pay commission, thetotal projected
Employee cost has been increased by 20% for FY 2017-18 and FY 2018-19.
3. The methodology adopted by MSPCL for projecting the values of each
component of the O&M expense for projecting the values of each component of
the O&M expense for FY 2016-17, FY 2017-18 and FY 2018-19 has been
explained in the following section.
a. Employee Expense
Old Employees of EDM
1. As per the transfer scheme notified by Government of Manipur under the
restructuring exercise, all the employees (including regular employees,
work charge staff and muster roll) of erstwhile Electricity Department have
been transferred to the new companies on deputation for three years. They
have transferred to the new companies on "as-is-where-is" basis". As such,
the old employees of EDM working in distribution area have been
transferred to MSPDCL while those working in transmission function have
been transferred to MSPCL.
2. Under the deputation, all the employees of MSPCL shall have the same pay
structure as existing in EDM and no deputation allowance is being paid to
the employees. Also, the terminal benefits (including pension, gratuity and
leave encashment) of the old regular employees shall continue to be borne
directly by the State Government. The new companies shall only bear the
salary component (including basic, HRA TA, DA etc) of the deputed
employees.
3. The employee expenses for the old employees have been projected based
on the actual payouts made in FY 2014-15 after restructuring by MSPCLand
34
assuming 3% increase in basic pay (including grade pay, additional pay)
annually and 12% increase in dearness allowance.
4. New Employees of MSPCL
MSPCL is suffering from acute shortage of manpower and as on the date of
restructuring, there are only 874employees against the sanctioned strength
of 1585. MSPCL plans to fill these vacancies over a period from FY 2015-16
to FY 2018-19so that the burden of employee cost does not increase sharply
in a single year. The vacancies in MSPCL are for various categories like
Switch Board Operators and Assistants, Line Man, clerical staff etc.
Further, in order to meet the need of corporatization and to strengthen the
key activities of finance, accounts and legal, MSPCLneeds to recruit officer
level staff of Assistant Manager, Managers and Senior Managers for these
functions.
In FY 2015-16, MSPCL plans to recruit 463new employees. Some of these
employees have already joined MSPCL and for the rest, recruitment
process is in progress. Similarly, MSPCL plans to recruit 200, 150, and
100employees respectively for FY 2016-17, FY 2017-18 and FY 2018-19 to fill
up the vacancies in the sanctioned strength and to strengthen the
institutional capability of the new company. The cost of the new employees
has been estimated based on the existing average pay of the old employees.
5. National Pension Scheme:
NPS is a defined contribution based pension scheme launched by
Government of India with effect from January' 2004. Government of
Manipur has also adopted NPS for employees joining after 2005. MSPCL
has around 550, 725 and 850 employees who are eligible under NPS in FY
2016-17, FY 2017-18 and FY 2018-19 respectively and as such, MSPCL
contributes 10% of the basic pay as pension contribution.
6. Projection of Salaries and Cost
For projecting the employees cost, the average basic bay of the employees
(including grade pay and House Rent Allowance) has been increased by
3%.Further, the provision of DA component is increased by 12% in line
35
with the recommendations made by the Sixth Central Pay Commission,
which is to be increased at the rate of 6% every six months and also as per
the policy adopted by State Government in past few years.
7. The total staff strength of MSPCLis projected to increasein the next couple
of yearsbecause of the large number of recruitments ongoing and planned.
The average number of employees in MSPCL is expected to increase from
874in FY 2014-15 to 1072in FY 2015-16 and 1533in FY 2018-19, based on the
number of retirements and recruitments projected, as given above.
8. The MSPCL would like to bring into the notice of Hon’ble Commission that
certain components of employee cost increase should be considered as
uncontrollable factors, especially factors like DA/Basic hike through
Government, revision through VII Pay Commission etc. The MSPCL would
not be in a position to not allow these increases as any deviation will be
against law/policy. The revision in salaries and other incentives are kept at
par with the other departments of Government of Manipur and is a legal
binding on the department to follow the same. Therefore, MSPCL requests
the Commission to adopt a relaxed and realistic approach for employee
expenditure, keeping in view the obligation of the organization towards the
employees.
Table 2: Employee Cost(Rs. Lakhs)
Employees Cost (Rs Cr) FY 2014-15
(Actual) FY 2015-16 (Estimated)
FY 2016-17 (Projected)
FY 2017-18 (Projected)
FY 2018-19 (Projected)
Salaries 8.82 11.15 14.36 16.11 17.41
Additional Pay 2.00 2.53 3.26 3.66 3.95
Dearness Allowance (DA) 11.04 15.16 21.23 29.74 41.65
Medical Expenses Reimbursement
0.05 0.07 0.08 0.09 0.10
Travelling Allowance(Conveyance
Allowance)
0.57 0.72 0.91 0.99 1.04
Provident Fund Contribution/ NPS
0.07 1.24 1.63 2.51 3.56
Any Other Items/ ACP Arrear/ Spl Pay/Cy. All
0.59 0.72 0.90 0.98 1.03
Impact of VII th Pay commission 0.00 10.81 13.75
Net Employee expenses (D)-(E) 23.15 31.60 42.38 64.89 82.48
Opening Employees 874 1270 1411 1509
36
Employees Cost (Rs Cr) FY 2014-15
(Actual) FY 2015-16 (Estimated)
FY 2016-17 (Projected)
FY 2017-18 (Projected)
FY 2018-19 (Projected)
Retirements 67 59 52 53
Recruitments 463 200 150 100
Closing Number of Employees 874 1270 1411 1509 1556
Average Number of Employees 1072 1341 1460 1533
9. MSPCLsubmits to the Hon’ble Commission to approve the employee costs
as projected by the Petitioner.
b. Repairs & Maintenance Expense
1. These expenses include expenses on repairs and maintenance of Plant and
Machinery, Transformers, Lines, cable network etc., Vehicles, Office
equipment, etc.
2. The repair and maintenance expense in FY 2014-15 as per the account
statements has been assumed to the base R&M expenses for MSPCL. Based
on this base, the R&M expenses for next years have been increased based
on ratio of Asset addition and WPI (which is 2%).
3. Based on the above mentioned trend, for the ensuing years, the R&M cost
in expected to increase for the MYT period which is shown in the table
below
4. MSPCL submits to the Commission that it is important for MSPCLto incur
the R&M expenses as mentioned above in order to maintain and strengthen
the system and quality of supply.
Table 3: Repairs & Maintenance Expense
R&M Cost (Rs Cr) FY 2014-15
(Actual) FY 2015-16 (Estimated)
FY 2016-17 (Projected)
FY 2017-18 (Projected)
FY 2018-19 (Projected)
Grand Total 3.93 4.00 7.68 12.50 17.99
1. MSPCL requests the Commission to approve the R&M expense without
any disallowances as the same is necessary for proper maintenance and
37
strengthening of the system and quality of supply in the region in order to
ensure consumer satisfaction.
c. Administration & General Expense
1. Administrative and General (A&G) expense comprise of various sub-heads
including the following:
Travel and conveyance expenses
Hydel investigation expenses
Consultancy and regulatory fees
Office expenses
Publication expenses
Other administration expenses
2. The A&G expense for MSPCL in FY 2014-15 is 2.93 crores, as per the account
statements. MSPCL has projected the A&G expense for FY 2015-16 and for
MYT period for each of the heads based on the expected increase/decrease in
each of the head and taking into account inflationary increase expected in some
heads.
3. For FY 2015-16 total A&G expenses have been projected at Rs. 3.07 Crore and
for FY 2016-17, FY 2017-18 and FY 2018-19 total A&G expenses have been
projected at Rs. 3.22 crore, 3.38 Crore and 3.54 Crores respectively on account
of A&G expenses.
Table 4: Administrative & General Expenses
A&G Cost (Rs Crores) FY 2014-15
(Actual) FY 2015-16 (Estimated)
FY 2016-17 (Projected)
FY 2017-18 (Projected)
FY 2018-19 (Projected)
Telephone, Postage, Telegram & Telex Charges
0.03 0.03 0.04 0.04 0.04
Vehicle Expenses 0.17 0.18 0.19 0.20 0.21
Printing And Stationery 0.15 0.15 0.15 0.15 0.15
Advertisement Expenses 0.13 0.14 0.15 0.16 0.17
Electricity Charges To Offices 1.28 1.36 1.44 1.53 1.62
Miscellaneous Expenses, Meetings, Seminars
0.31 0.33 0.35 0.37 0.39
38
A&G Cost (Rs Crores) FY 2014-15
(Actual) FY 2015-16 (Estimated)
FY 2016-17 (Projected)
FY 2017-18 (Projected)
FY 2018-19 (Projected)
Legal Charges 0.33 0.33 0.33 0.33 0.33
Auditor's Fee,Consultants, License
0.14 0.14 0.14 0.14 0.14
Vehicle Running Expenses Truck / Delivery Van
0.10 0.10 0.11 0.12 0.12
Fabrication Charges, Furniture, Local Purchase
0.29 0.31 0.33 0.35 0.37
Total A&G Expenes 2.93 3.07 3.22 3.38 3.54
4. Considering the above aspects, MSPCL submits to the Commission to approve
the A&G costs in full without any disallowance, as these costs are essentially
required to administer MSPCL’s operation.
O&M charges
5. Based on the above mentioned expenses for employees, A&G expenses and
R&M expenses, the total O&M expense is tabulated below. Around 2% of
employee and A&G expenses is capitalized assuming that this expenses are
incurred for addition of new assets and are of capital nature.
Table 5: Net O&M Expenses
Sl.no ITEMS FY 2014-15
(Actual) FY 2015-16 (Estimated)
FY 2016-17 (Projected)
FY 2017-18 (Projected)
FY 2018-19 (Projected)
(A) Breakup of O&M
expenses
1 Employee Cost 23.15 31.60 42.38 64.89 82.48
2 Repair and Maintenance 3.93 4.00 7.68 12.50 17.99
3 Administrative and General Expenses
2.93 3.07 3.22 3.38 3.54
LESS: O&M expenses
capitalized 0.00 0.69 0.91 1.37 1.72
Net O&M Expenses 30.01 37.98 52.37 79.40 102.30
2. Capital Expenditure Plan
1. Considering the increase in demand from the Distributioncompany and
increased availability for the state, MSPCL would be required to undertake
significant capital expenditure for system augmentation and strengthening.
System augmentation would not only help MSPCL in handling increased load
but would also ensure better quality of supply and network reliability to the
39
consumers. Since, the current transmission loss levels are high, the capital
expenditure would help in reduction in the transmission loss level.
2. Each year, MSPCL prepares an Annual Plan for the capital investment for new
schemes and continuing schemes which it plans to incur in the ensuing year.
The MSPCL has to undertake various capital projects for transmission function
mainly focusing on the strengthening electricity network and augment new
networks for ensuring reliable power to its consumers.
Ongoing Capital Expenditure Schemes undertaken by MSPCL
New generation projects - Loktak downstream hydel project and
Tipaimukh hydel project
Installation of line bay equipment at 132 KV terminals at
Churachandpur and Kakching 132/33 KV S/Ss
Augmentation of 132/33 KV S/S at Ningthoukhong S/S and Karong
S/S
Stringing of 2nd Circuit 132 KV line on the existing Double Circuit
tower from Ningthoukhong - CCpur line
Constn. of 132 KV S/C line Yurembam to Yaingangpokpi
Installation of 132/33 KV S/S at Kongba
Installation of 132/33 KV S/S at Hundung (Ukhrul) & its associated
line
Re-stringing of 132 KV line from Loktak to Jiribam
Renovation &Modernisation of 132/33 KV sub-station at Yurembam
Installation of 132/33 KV S/S at Chandel with associated 132 KV line
Augmentation of 132/33 KV S/S at Yaingangpokpi by installing
additional 20 MVA transformer
Renovation &Modernisation of two nos. of 132/33 KV S/S at
Yaingangpokpi&Ningthoukhong
Renovation &Modernisation of three nos. of 132/33 KV S/S at
Kakching, Karong&Churachandpur
Installation of 132/33 KV S/S at Thanlon with associated line
Providing 132 KV Energy Meter
40
Installation of 2x20 MVA, 132 KV Sub-station along with the
associated 132 Kv LI-LO line & related civils works at Thoubal
Augmentation of Rengpang 132/33 KV sub-station by installing
(3x4.16+1x4.16) MVA, 132/33 KV single phase transformers
Augmentation of existing 33/11 KV Sub-stations at Yurembam,
Mongsangei, Kongba, Keishampat, Lamphel, Iroisemba and Nilakuthi
by installing 2x10 MVA (14 nos.)
Upgradation of the installed capacities of 33/11 KV S/Ss
Construction of 33 KV D/C line from Leimakhong to Iroisemba and
from Mongsangei to Khumanlampak via Kongba
Installation of 33 KV S/S at Thanlon, Henglep, Chakpikarong,
Chingaren, Oinamlong, Sagolmang, UkhrulKhunjao, Chandel,
Jessami, Sinjol, JNIMS, ThoubalLeishangthem, Sugnu, Khongjom,
Sekmai, Gelnel, NungbiKhullen
Construction of Line bays, equipment foundation and civil works for
Machi and Joupi 33/11 KV sub-stations
Re-stringing & strengthening of 33 KV line from Utlou to
Ningthoukhong (20.30 Km.)
Erection of 33 KV feeders from Yurembam POWERGRID sub-station
Installation of 2x5 MVA 33/11 KV sub-ststion with associated 33 KV
line at Power House site of Loktak Down Stream HE Project (NEC
scheme with State Plan support)
Re-stringing & strengthening of 33 KV lines
3. Apart from the above schemes, MSPCL has also planned to new projects for
system strengthening and augmentation and improvement of electricity
infrastructure.
Installation of 400 KV Sub-Station at Thoubal
Construction of 400 KV line on D/C towers from Yurembam to
Thoubal via Nambol
Compensatory Aforestation for stringing of transmission lines
Installation of 132/33 KV sub-station at Morehwth erection of
associated 132 KV line.
41
Augmentation of 132/33 KV S/S at Jiribam (Installation of one old 20
MVA transformers from Yurembam)-Phase-II
Augmentation of 132/33 KV S/S at Ningthoukhong by installing one
addl. 20 MVA transformer
Composite scheme for Development of Transmission & Distribution
Network in NER
Stringing of 132 KV line (2nd circuit) from Yaingangpokpi to
Kakching via Kongba
Erection of 132 KV line (2nd circuit) from Kakching to
Churachandpur
Construction of 132 KV S/C line (2nd Circuit) on D/C Towers from
Leimatak Power House (NHPC) to 132 KV S/S at Ningthoukhong.
Installation of 132 KV S/S along with associated line at
Elangkhangpokpi, Thoubal District
Construction of 132 KV S/C line (3rd Circuit) strung on D/C Towers
from 132 KV Yurembam S/S (State) to Yurembam S/S (PGCI).
Installation of 1x20 MVA transformer at Yaingangpokpi 132/33 KV
sub-station for replacement of old transformer
Installation of 2x12.5 MVA, 132 KV S/S along with associated line at
Tipaimukh, Churachandpur District
Aug. of 33/11 kv S/S at Kangpokpi, Karong, Wangoi with Assosiated
33 kv line 1x3.15- 2x3.15
Installation of 33/11 kv S/S at Wangjing, Yairipok, Heirok, Capitol,
Pisum, Sagolband, Hiyangthang, Gumnom, Moirangpali, Senapati,
KasomKhullen, Gamphazol, Mayangkhang, Mao, Longpi,
Nungleiband, Mualnuam with Assosiated 33 kv line
Augmentation of 33/11 KV Sub-stations at Moreh, Karong, Nambol,
Bishnupur, Ningthoukhong, MoirangKhunou, Kangpokpi and
Leimakhong.
Providing of 33 KV &11 KV feeder meters.
Renovation of 33/11 KV S/S at Khoupum
33 kv and lines Paogi (Ukhrul) and Thuging (Senapati)
R&M of 33 kv s/s Phase I
42
4. Apart from the above schemes, MSPCL has also planned to below mentioned
miclleneous schemes
Survey & Investigation of Irang, Tuivai, MaklangTuyungbi,
Nungleiband
Establishment of State Load Despatch Centre (SLDC) / Information
Technology (IT)
Construction of Administrative Building, Divisional & Sub-Divisional
office buildings, quarters, complain rooms, etc.
Purchase of vehicle, Consultancy fee for Corportisation etc.
5. Following Table depicts the detailed capital investment plan ofMSPCLfor
entire MYT period and the total estimated expenditure in FY 2015-16: Also, the
funding pattern for each scheme is given below
MSPCL ARR & Tariff Petition for FY15-16
43
Table 6 Capital Investment Plan
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
1 2 3 4 5 9 9 10 11
12 9 10 11
12 9 10 11
12
I Generation Hydro
1 Loktak Down Stream HE Project
867.77 0.00 867.77 2.00
10.00 10.00
20.00 20.00
30.00 30.00
2 Tipaimukh HE project 8138.79 0.00 8138.79 0.00
0.00
0.00
0.00
Total : Generation Hydro (I)
9006.56 0.00 9006.56 2.00 0.00 0.00 0.00 10.00 10.00 0.00 0.00 0.00 20.00 20.00 0.00 0.00 0.00 30.00 30.00
II Transmission & Distribution
A.1 Ongoing Schemes
A.1.1
132 KV System
1
Installation of line bay equipment at 132 KV terminals at Churachandpur and Kakching 132/33 KV S/Ss
3.557 0.000 3.557 0.001 3.500
3.500
0.000
0.000
2 Augmentation of 132/33 KV S/S at Ningthoukhong S/S
4.987 4.586 0.400 0.000 0.400
0.400
0.000
0.000
3 Augmentation of 132/33 KV S/S at Karong S/S
6.600 6.506 0.094 0.500 9.400
9.400
0.000
0.000
4
Stringing of 2nd Circuit 132 KV line on the existing Double Circuit tower from Ningthoukhong -
3.163 3.163 0.000 0.500 0.000
0.000
0.000
0.000
44
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
CCpurline (Rs. 316.29 lakh is for line bay only)
5 Constn. of 132 KV S/C line Yurembam to Yaingangpokpi
33.710 28.454 5.256 1.934 3.322
3.322
0.000
0.000
6
Installation of 132/33 KV S/S at Kongba (NEC scheme with State Plan support)
21.532 21.468 0.063 0.500 0.500
0.500
0.000
0.000
7 Installation of 132/33 KV S/S at Hundung (Ukhrul) & its associated line
51.300 39.378 11.922 0.500 6.000
6.000 5.420
5.420
0.000
8 Re-stringing of 132 KV line from Loktak to Jiribam
8.022 0.000 8.022 0.400 3.000
3.000 4.500
4.500
0.000
9
Renovation &Modernisation of 132/33 KV sub-station at Yurembam (NEC scheme with State Plan support)
35.412 31.843 3.568 2.261 1.000
1.000 1.600
1.600
0.000
10
Installation of 132/33 KV S/S at Chandel with associated 132 KV line (NLCPR scheme with State Plan support)
31.100 25.720 5.381 3.000 3.000
3.000 2.380
2.380
0.000
11
Augmentation of 132/33 KV S/S at Yaingangpokpi by installing additional 20 MVA transformer
6.870 6.834 0.037 1.000 0.000
0.000
0.000
0.000
45
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
12
Renovation &Modernisation of two nos. of 132/33 KV S/S at Yaingangpokpi&Ningthoukhong (NLCPR scheme with State Plan support)
39.021 29.645 9.377 7.447 2.000
2.000
0.000
0.000
13
Renovation &Modernisation of three nos. of 132/33 KV S/S at Kakching, Karong&Churachandpur (NLCPR scheme with State Plan support)
52.930 19.491 33.439 16.772
8.000
8.000 4.000
4.000 4.000
4.000
14
Installation of 132/33 KV S/S at Thanlon with associated line (NLCPR scheme with State Plan support)
109.161 32.651 76.510 22.092 5.000 10.00
0 15.00
0 20.00
0 20.00
0 20.000
20.000
15 Providing of 132 KV Energy Meter
3.500 0.000 3.500 0.500 2.000
2.000 1.000
1.000
0.000
16
Compensatory Aforestation for stringing of transmission line from Yaingangpokpi to Hundung
0.000 0.000 0.000 0.000
0.000
0.000
0.000
17
Compensatory Aforestation for stringing of transmission line from Kakching to Chandel
0.000 0.000 0.000 0.000
0.000
0.000
0.000
18
Installation of 2x20 MVA, 132 KV Sub-station along with the associated 132 Kv LI-LO line & related civils
51.012 1.000 50.012 18.000 5.000
10.000
15.000
5.000
6.000
11.000
6.000
6.000
46
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
works at Thoubal (Support for NEC funding)
19
Augmentation of Rengpang 132/33 KV sub-station by installing (3x4.16+1x4.16) MVA, 132/33 KV single phase transformers
10.282 2.000 8.282 4.000 2.000
2.000 1.000
1.000 1.000
1.000
Sub-Total A.1.1 472.16 252.74 219.42 79.41 46.12 18.00 10.00 0.00 74.12 44.90 0.00 6.00 0.00 50.90 31.00 0.00 0.00 0.00 31.00
A.1.2
33 KV System
1
Augmentation of existing 33/11 KV Sub-stations at Yurembam, Mongsangei, Kongba, Keishampat, Lamphel, Iroisemba and Nilakuthi by installing 2x10 MVA (14 nos.)
15.910 0.000 15.910 0.500 5.000
5.000 5.000
5.000 5.000
5.000
2 Upgradation of the installed capacities of 33/11 KV S/Ss
20.050 0.000 20.050 1.000 5.000
5.000 5.000
5.000 5.000
5.000
3
Construction of 33 KV D/C line from Leimakhong to Iroisemba (NLCPR scheme with State Plan support)
12.470 10.695 1.775 0.100 1.770
1.770
0.000
0.000
47
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
4
Construction of 33 KV D/C line from Mongsangei to Khumanlampak via Kongba (NLCPR scheme with State Plan support)
23.360 15.487 7.873 1.000 2.000
2.000 2.000
2.000 2.000
2.000
5 Installation of 33 KV S/S at Thanlon (NLCPR scheme with State Plan support)
15.460 15.000 0.460 0.300 0.500
0.500
0.000
0.000
6
Installation of 33/11 KV sub-station at Henglep (NLCPR scheme with State Plan support)
7.051 5.383 1.668 1.208 0.500
0.500
0.000
0.000
7
Installation of 33/11 KV sub-station at Chakpikarong (NLCPR scheme with State Plan support)
11.540 8.527 3.013 1.410 0.500
0.500
0.000
0.000
8 Installation of 33/11 KV (2x10 MVA) S/S at Mantripukhri
9.114 9.050 0.064 0.000 0.000
0.000
0.000
0.000
9 Installation of 33/11 KV (2x5 MVA) S/S at Chingaren
8.690 8.328 0.362 0.100 0.500
0.500
0.000
0.000
10 Installation of 33 KV S/S at Willong (NLCPR scheme with State Plan support)
8.980 8.980 0.000 0.000 -
0.000
0.000
0.000
11 Installation of 33/11 KV (2x1 MVA) S/S at Oinamlong
7.077 6.169 0.909 1.000 -
0.000
0.000
0.000
48
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
12
Installation of 33/11 KV (2x3.15 MVA) S/S at Sagolmang (NLCPR scheme with State Plan support)
7.025 6.521 0.503 0.000 0.500
0.500
0.000
0.000
13
Installation of 33/11 KV (2x1 MVA) S/S at Sekmaijin (Support for NLCPR funding)
7.333 6.416 0.917 0.823 0.910
0.910
0.000
0.000
14
Installation of 33/11 KV (2x1 MVA) S/S at UkhrulKhunjao (NLCPR scheme with State Plan support)
9.490 8.596 0.894 0.208 0.700
0.700
0.000
0.000
15
Construction of 33/11 KV S/Ss under APDRP and RGGVY : Land acquisitions of the sub-stations
0.000 0.000 0.000 0.000
0.000
0.000
0.000
16
Installation of 33/11 KV (2x5 MVA) S/S at Chandel (NEC scheme with State Plan support)
4.780 4.401 0.379 0.200 0.370
0.370
0.000
0.000
17
Construction of Line bays, equipment foundation and civil works for Machi and Joupi 33/11 KV sub-stations
2.240 0.000 2.240 0.000 1.000
1.000
0.000
0.000
18 Installation of 33/11 KV S/S at Jessami with associated 33 KV line
14.677 0.000 14.677 0.100 0.500
0.500
0.000
0.000
49
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
19 Installation of 33/11 KV S/S at Sinjol with associated 33 KV line
13.538 7.689 5.849 2.000 2.000
2.000
0.000
0.000
20 Installation of 33/11 KV (2x5 MVA) S/S at JNIMS with associated 33 KV line
7.988 7.268 0.721 0.000 0.720
0.720
0.000
0.000
21
Re-stringing & strengthening of 33 KV line from Utlou to Ningthoukhong (20.30 Km.)
1.817 0.000 1.817 0.000 0.900
0.900 0.920
0.920
0.000
22
Installation of 33/11 KV S/S at ThoubalLeishangthem with associated 33 KV line
10.870 5.901 4.969 1.915 1.000
1.000 1.000
1.000 1.000
1.000
23 Erection of 33 KV feeders from Yurembam POWERGRID sub-station
21.824 3.098 18.727 5.000 4.000
4.000 4.000
4.000 5.000
5.000
24
Installation of 2x5 MVA 33/11 KV sub-ststion with associated 33 KV line at Power House site of Loktak Down Stream HE Project (NEC scheme with State Plan support)
13.039 3.738 9.301 2.000 1.000
1.500
2.500 1.000
2.800
3.800 1.000
1.000
25
Installation of 33/11 KV sub-station with associated 33 KV line at Sugnu (NLCPR scheme with State Plan support)
10.303 5.192 5.112 3.440 0.500 1.000
1.500 0.500
0.500
0.000
50
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
26
Installation of 33/11 KV sub-station with associated 33 KV line at Khongjom (NLCPR scheme with State Plan support)
9.019 4.953 4.066 3.226 0.500
0.500 0.500
0.500
0.000
27
Installation of 33/11 KV sub-station with associated 33 KV line at Sekmai (NLCPR scheme with State Plan support)
8.698 5.160 3.538 3.173
0.500
0.500
0.000
0.000
28
Installation of 33/11 KV S/S at Gelnel (NLCPR scheme with State Plan support)
7.805 3.892 3.913 2.869 0.500
0.500 0.500
0.500
0.000
29
Installation of 33/11 KV sub-station with associated 33 KV line at NungbiKhullen (NLCPR scheme with State Plan support)
10.455 5.231 5.224 3.440 0.500 1.000
1.500 0.500
0.500
0.000
30
Installation of 33 kV sub-station at Thinkew (NLCPR scheme with State Plan support)
8.457 0.000 8.457 0.000
0.000
0.000
0.000
31 Re-stringing & strengthening of 33 KV lines
11.000 0.000 11.000 2.000 3.000
3.000 3.000
3.000
0.000
Total: A.1.2 320.06 165.67 154.39 37.01 34.37 2.50 1.50 0.00 38.37 23.92 0.00 2.80 0.00 26.72 19.00 0.00 0.00 0.00 19.00
Total: A.1 Ongoing Schemes
792.22
116.42 80.49 20.50 11.50 0.00 112.4
9 68.82 0.00 8.80
77.62 50.00 0.00 0.00 0.00 50.00
A.2 New Schemes
51
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
A.2.1
400 KV System
1 Installation of 400 KV Sub-Station at Thoubal
170.474 0.000 170.474 45.729 5.000 35.00
0 40.00
0 5.000
20.000
25.000
40.000 25.00
0 65.000
2
Construction of 400 KV line on D/C towers from Yurembam to Thoubal via Nambol
199.074 0.000 199.074 0.000 15.000 35.00
0 50.00
0 15.00
0 35.00
0 50.00
0 50.000
40.000
90.000
A.2.2
132 KVSystem
0.000
0.000
0.000
1
Compensatory Aforestation for stringing of transmission line from Kakching to Moreh
10.000 0.000 10.000 0.000 3.330
3.330 3.330
3.330 3.330
3.330
2
Compensatory Aforestation for stringing of transmission line from Kheljang to Thanlon
10.000
10.000 0.000 3.000
3.000 3.000
3.000 4.000
4.000
3
Installation of 132/33 KV sub-station at Morehwth erection of associated 132 KV line.
81.630 0.000 81.630 19.182 5.000 10.00
0 15.00
0 5.000
10.000
15.000
10.000
10.000
4
Augmentation of 132/33 KV S/S at Jiribam (Installation of one old 20 MVA transformers from Yurembam)-Phase-II
3.659 0.000 3.659 1.500 1.000
1.000 1.000
1.000
0.000
5
Augmentation of 132/33 KV S/S at Ningthoukhong by installing one addl. 20 MVA transformer
4.987
4.987 0.500 1.000
1.000 1.000
1.000 2.500
2.500
52
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
6
Augmentation of 132/33 KV S/S at Kongba by installing one addl. 20 MVA transformer
2.610
2.610 0.500 0.500
0.500 1.000
1.000 1.000
1.000
7
Composite scheme for Development of Transmission & Distribution Network in NER (World Bank loan)
443.420
443.420 0.100 150.00
0 150.0
00 150.0
00 150.0
00 150.000
150.000
8
Stringing of 132 KV line (2nd circuit) from Yaingangpokpi to Kakching via Kongba
25.730
25.730 3.000 7.000
7.000 7.000
7.000 7.000
7.000
9
Erection of 132 KV line (2nd circuit) from Kakching to Churachandpur
11.480 0.000 11.480 7.700 2.000
2.000 2.000
2.000 2.000
2.000
10
Augmentation of 132/33 KV S/S at Rengpang by installing additional 12.5 MVA transformer
17.921
17.921 2.000 5.000
5.000 5.000
5.000 5.000
5.000
11
Construction of 132 KV S/C line (2nd Circuit) on D/C Towers from Leimatak Power House (NHPC) to 132 KV S/S at Ningthoukhong.
18.226
18.226 10.000 3.000
3.000 3.000
3.000 3.000
3.000
12
Installation of 132 KV S/S along with associated line at Elangkhangpokpi, Thoubal District
44.058
44.058 15.000 10.000
10.000
10.000
10.000
10.000
10.000
53
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
13
Construction of 132 KV S/C line (3rd Circuit) strung on D/C Towers from 132 KV Yurembam S/S (State) to Yurembam S/S (PGCI).
96.978
96.978 2.000 2.000
2.000 2.500
2.500 2.500
2.500
14
Installation of 1x20 MVA transformer at Yaingangpokpi 132/33 KV sub-station for replacement of old transformer
5.374
5.374 0.000 2.000
2.000 2.000
2.000 2.000
2.000
15
Installation of 2x12.5 MVA, 132 KV S/S along with associated line at Tipaimukh, Churachandpur District
43.289
43.289 5.000 13.000
13.000
13.000
13.000
14.000
14.000
Sub-Total : (A.2.2) 1188.91 0.00 1188.91 112.21 227.83 80.00 0.00 0.00
307.83
228.83
65.00 0.00 0.00 293.8
3 306.33 65.00 0.00 0.00 371.33
Total : (A.2.1 + A.2.2) 1188.91 0.00 1188.91 112.21 227.83 80.00 0.00 0.00
307.83
228.83
65.00 0.00 0.00 293.8
3 306.33 65.00 0.00 0.00 371.33
A.2.3
33 KV System
1 Installation of GIS 33/11 KV S/S at Capitol Project with associated 33 KV line
16.24
16.240 0.001 5.000
5.000 5.000
5.000 6.000
6.000
2 Installation of GIS 33/11 KV S/S at Pisum with associated 33 KV line
13.18
13.180 0.001 5.000
5.000 5.000
5.000 5.000
5.000
3 Installation of 33/11 KV sub-station with associated 33 KV line at Sagolband
8.03
8.030 0.001 3.000
3.000 3.000
3.000 3.000
3.000
54
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
4 Installation of 33/11 KV sub-station with associated 33 KV line at Hiyangthang
8.68
8.680 0.000 3.000
3.000 3.000
3.000 3.000
3.000
5 Installation of 33/11 KV sub-station with associated 33 KV line at Gumnom
9.53
9.526 2.042 1.000 1.500
2.500 1.500 1.500
3.000 1.500
1.500
6 Providing of 33 KV &11 KV feeder meters.
5.00
5.000 1.000 1.500
1.500 1.500
1.500 1.500
1.500
7 Renovation of 33/11 KV S/S at Khoupum
1.00
1.000 0.150 0.500
0.500 0.500
0.500 0.500
0.500
8 Installation of 33/11 KV S/S at Moirangpali with associated 33 KV line
10.45
10.450 0.050 3.000
3.000 3.000
3.000 3.000
3.000
9 Installation of 33/11 KV S/S at Senapati with associated 33 KV line
9.98
9.980 0.000 3.000
3.000 3.000
3.000 3.000
3.000
10
Augmentation of 33/11 KV Sub-stations at Moreh, Karong, Nambol, Bishnupur, Ningthoukhong, MoirangKhunou, Kangpokpi and Leimakhong.
18.77
18.770 0.001 7.000
7.000 7.000
7.000 7.000
7.000
11 Installation of 33/11 KV S/S at Phungyar with associated 33 KV line
10.45 0.000 10.452 2.000 3.000
3.000 3.000
3.000 3.000
3.000
12 Installation of 33/11 KV S/S at KasomKhullen with associated 33 KV line
10.42 0.000 10.423 2.000 3.000
3.000 3.000
3.000 3.000
3.000
13 Installation of 33/11 KV S/S at Gamphazol with associated 33 KV line
7.76 0.000 7.763 2.000 2.000
2.000 2.000
2.000 2.000
2.000
55
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
14 Installation of 33/11 KV S/S at Mayangkhang with associated 33 KV line
9.63 0.000 9.631 1.500 2.500
2.500 2.500
2.500 2.500
2.500
15 Installation of 33/11 KV S/S at Mao with associated 33 KV line
9.79 0.000 9.786 1.500 3.000
3.000 3.000
3.000 3.000
3.000
16 Installation of 33/11 KV S/S at Longpi with associated 33 KV line
9.00
9.000 0.050 3.000
3.000 3.000
3.000 3.000
3.000
17 Installation of 33/11 KV S/S at Nungleiband with associated 33 KV line
9.00
9.000 0.050 3.000
3.000 3.000
3.000 3.000
3.000
18 Installation of 33/11 KV S/S at Mualnuam with associated 33 KV line
12.15
12.150 0.050 4.000
4.000 4.000
4.000 4.000
4.000
19
Aug. of 33/11 kv S/S at Kangpokpi with Assosiated 33 kv line 1x3.15- 2x3.15
1.52
1.000
1.000 1.000
1.000 1.000
1.000
20 Aug. of 33/11 kv S/S at Karong with Assosiated 33 kv line 2x5
1.76
1.000
1.000 1.000
1.000 1.000
1.000
21 Aug. of 33/11 kv S/S at Wangoi with Assosiated 33 kv line 2x6
10.60
4.000
4.000 4.000
4.000 4.000
4.000
22 Aug. of 33/11 kv S/S at Wangjing with Assosiated 33 kv line 2x7
10.60
4.000
4.000 4.000
4.000 4.000
4.000
23 Aug. of 33/11 kv S/S at Yairipok with Assosiated 33 kv line 2x8
10.60
4.000
4.000 4.000
4.000 4.000
4.000
56
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
24 Aug. of 33/11 kv S/S at Heirok with Assosiated 33 kv line 2x9
10.18
4.000
4.000 4.000
4.000 4.000
4.000
25 33 kv and lines Paogi (Ukhrul)
9.00
3.000
3.000 3.000
3.000 3.000
3.000
26 33 kv& lines Thuging (Senapati)
9.00
3.000
3.000 3.000
3.000 3.000
3.000
27 R&M of 33 kv s/s Phase I 150.00
50.000
50.000
50.000
50.000
50.000
50.000
Sub-Total : A.2.3 392.33 0.00 179.06 12.40 129.50 1.50 0.00 0.00
131.00
130.00
1.50 0.00 0.00 131.5
0 131.00 0.00 0.00 0.00 131.00
Total: A.2 (New Schemes) 1581.23
124.61 357.33 81.50 0.00 0.00
438.83
358.83
66.50 0.00 0.00 425.3
3 437.33 65.00 0.00 0.00 502.33
Total : T&D (II=A.1+A.2) 2373.45
241.02 437.82
102.00
11.50 0.00 551.3
2 427.6
5 66.50 8.80 0.00
502.95
487.33 65.00 0.00 0.00 552.33
III Misc. Schemes
1 Survey & Investigation of Irang(NEC scheme with State Plan support)
1.866
1.866 0.001
0.000
0.000
0.00
2 Survey & Investigation of Tuivai(NEC scheme with State Plan support)
3.120
3.120 0.001
0.000
0.000
0.00
3 Survey & Investigation of MaklangTuyungbi
4.326
4.326 0.001
0.000
0.000
0.00
4 Survey & Investigation of Nungleiband
4.576
4.576 0.001
0.000
0.000
0.00
5 Establishment of State Load Despatch Centre (SLDC) / Information
90.000 0.000 90.000 7.000 30.000
30.000
30.000
30.000
30.000
30.00
57
Sl. No.
Name of the Scheme / Work
Project Cost
(Sanctioned / PIB/ HTC cost)
Cumulative
Expdr. as on Mar,
2015
Amtreqd for
completion of
scheme
Total Plan for
FY 2015-16
Capital Investment during 2016-17 Capital Investment during
2017-18 Capital Investment during 2018-19
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal
State Plan
NLCPR
NEC Equit
y Total
Normal State Plan
NLCPR k
NEC
Equity Total
Technology (IT)
6 Construction of Administrative Building
9.000
1.500 3.000
3.000 3.000
3.000 3.000
3.00
7
Construction of Divisional & Sub-Divisional office buildings, quarters, complain rooms, etc.
7.500 0.000
2.500 2.500
2.500 2.500
2.500 2.500
2.50
8 Purchase of vehicle
0.700 1.500
1.500 1.500
1.500 1.500
1.50
9
Consultancy fee for preparation of bidding documents for allotment of six HE projects
0.100
0.000
0.000
0.00
10 JERC tariff petition
0.150
0.000
0.000
0.00
11 Training
0.100
0.000
0.000
0.00
12 Meetings and seminars
0.100
0.000
0.000
0.00
13 Consultancy fee for Corportisation
0.500 2.500
2.500 2.500
2.500 2.500
2.50
14 Advertisement & printing
0.100
0.000
0.000
0.00
15 Installation of Computer / Computerisation
0.310 0.500
0.500 0.500
0.500 0.500
0.50
Total : III 120.39 0.00 103.89 13.06 40.00 0.00 0.00 0.00 40.00 40.00 0.00 0.00 0.00 40.00 40.00 0.00 0.00 0.00 40.00
IV Payment to Muster-roll and WC Employees
0.00 5.27 7.00
7.00 7.00
7.00 7.00
7.00
Total: Normal Plan I+II+III+IV)
11500.40
418.41 10852.2
2 261.35 484.82 102.0 11.50 10.00
608.32
474.65
66.50 8.80 20.00 569.9
5 534.33 65.00 0.00 30.00 629.33
MSPCL ARR & Tariff Petition for FY15-16
58
6. For FY 2016-17, 2017-18 and FY 2018-19 the MSPCL has proposed a plan capital
expenditure of Rs. 608.32 crores, 569.95 crores and 629.33 crores respectively
under various existing and new schemes, as given above. In FY 2015-16,
Rs.261.36 crores is expected to be spent on capital investment schemes. In the
current year till September'14, around Rs. 102.58 crores has been spent. The
scheme wise progress of ongoing schemes is given in the APR section
Funding of Capital Investment Plan
7. It may be noted that funding for mostof the schemes except that of Loktak
Downstream project, are covered by grants from State Government or grants
from Central Government bodies like NLCPR and NEC. As such, there are no
loans or equity for funding of such schemes. For all these schemes, 100% of the
funding is covered by grants from State Government or Central Government.
These schemes include Normal State Government plan schemes, NLCPR
funding and NEC funding.
8. Loktak Downstream Hydroelectric Corporation Limited, is a Joint Venture
Company(JVC) between NHPC and Government of Manipur with equity
participation of 74:26. The joint venture was incorporated on 23/10/2009 to
execute the Loktak Downstream Hydroelectric Project (66 MW) in Tamenglong
District. The project schedule is to complete by early 13th Plan. The State will
purchase the whole power generated from the project excluding 12% free
power. On this scheme, as part of equity contribution from Government of
Manipur, a contribution of Rs.10 crores, 20 crores and 30 crores is expected in
FY 2016-17, FY 2017-18 and FY 2018-19 respectively
Capitalization
9. The capitalization of the above mentioned scheme in a consolidated manner
has been considered at 30% of the planned capital expenditure in the same
year, 40% in the second year and 30% in the third year. In addition to that, as
on 31/03/2015, huge amount of Rs. 496 crores of capital work in progress
which is expected to be capitalized in a proportion of 40%, 30%, 20% and 10%
in FY 2015-16, FY 2016-17, FY 2017-18 and FY 2018-19 respectively.A brief
summary of the capital expenditure and capitalization for FY 2015-16 and for
entire MYT period is summarized in Table below:
59
Table 7: Capital Expenditure &Proposed Capitalization
Particulars (Rs. Crs) FY 2014-15
(Actual) FY 2015-16 (Estimated)
FY 2016-17 (Projected)
FY 2017-18 (Projected)
FY 2018-19 (Projected)
Capital Expenditure 113.29 261.35 608.32 569.95 629.33
Capitalization during the Year 57.99 329.35 461.75 586.53 646.18
CWIP 469.06 401.07 547.65 531.06 514.21
Gross Fixed Assets (GFA)
1. Based on the draft opening balance sheet as on 31 March '2015 and the
projected capitalization shown below, the value for gross fixed assets have
been taken to project GFA for FY 2015-16 and from FY 2016-17 to FY 2018-19.
2. The opening value of GFA for MSPCLhas been increased by the above
mentioned capitalization in FY 2015-16 and FY 2016-17, FY 2017-18 and FY
2018-19. The total capitalization has been divided among the asset categories
based on the existing proportion as per the opening asset break up. The same is
tabulated here:
Table 8: Gross Fixed Assets (Rs. Crores)
Sl. no.
Category of the Assets 31.03.2015 31.03.2016 31.03.2017 31.03.2017 31.03.2017
1 Land 0.00 0.00 0.00 0.00 0.00
2 Plant & Machinery 168.78 454.37 854.76 1363.36 1923.68
3 Building 25.24 67.96 127.85 203.92 287.73
4 Furniture &Fitings 0.23 0.61 1.14 1.82 2.57
5 Computer 0.01 0.01 0.03 0.04 0.06
6 Office Equipments 0.08 0.22 0.41 0.66 0.93
7 Vehicle 0.30 0.82 1.54 2.46 3.48
8 TOTAL 194.64 523.99 985.73 1572.27 2218.45
3. Depreciation
60
1. Depreciation is charged on the basis of straight-line method, on the GFA in use
at the beginning of the year and addition in assets during the financial year.
The depreciation is based on the original cost of the Gross Fixed Assets.
MSPCL ARR & Tariff Petition for FY15-16
61
Table 9: Depreciation (Rs. crores)
Sl No
.
Name of Asset
Depreciation rate
2015-16 Estimated
2016-17 Projected
2017-18 Projected
2018-19 Projected
Opening Additio
n Depreci
ation Closin
g Openin
g Additi
on Depreciatio
n Closin
g Openin
g Additio
n Depreciation
Closing Openin
g Additi
on
Depreciati
on Closing
1 Land 0.00% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00
2 Plant &
Machinery 5.28% 168.78 285.59 16.45 454.37 454.37 400.39 34.56 854.76 854.76 508.60 58.56 1363.36 1363.36 560.3 86.78 1923.68
2 Building 3.34% 25.24 42.72 1.56 67.96 67.96 59.89 3.27 127.85 127.85 76.07 5.54 203.92 203.92 83.8 8.21 287.73
3 Furniture &Fitings
6.33% 0.23 0.38 0.03 0.61 0.61 0.53 0.06 1.14 1.14 0.68 0.09 1.82 1.82 0.7 0.14 2.57
3 Computer 15.00% 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.03 0.03 0.02 0.01 0.04 0.04 0.0 0.01 0.06
4 Office
Equipments
6.33% 0.08 0.14 0.01 0.22 0.22 0.19 0.02 0.41 0.41 0.25 0.03 0.66 0.66 0.3 0.05 0.93
4 Vehicle 9.50% 0.30 0.52 0.05 0.82 0.82 0.72 0.11 1.54 1.54 0.92 0.19 2.46 2.46 1.0 0.28 3.48
Total
194.64 329.35 18.10 523.99 523.99 461.75 38.02 985.73 985.73 586.53 64.42 1572.27 1572.27 646.18 95.47 2218.45
Percentage of assets not funded through
grants 1%
Depreciation to be
charged 0.24
0.51
0.87
1.29
MSPCL ARR & Tariff Petition for FY15-16
62
2. Further, as per the guidelines of Institute of Chartered Accountant of India
(ICAI) which is Accounting Standard 12, depreciation should not be claimed as
net expenditure for assets funded through government grants. In MSPCL, as
mentioned earlier, most of the funding is through government grants,
depreciation shall not be included under ARR on the assets funded through
government grants. This is because MSPCLis not required to repay or recover
the amount received as grants from the Government.
3. It may be noted here that the State of Manipur has been granted a special status
similar to that of other North-Eastern States. Government of India provides
special assistance for the development of infrastructure facilities in these States.
Accordingly, the infrastructure projects of the State of Manipur, including
those of MSPCL are being supported by issue of Grants through various
Central Government Ministries and Agencies like NLCPR, Ministry of
Development of North Eastern Region (DONER) and North Eastern Council
(NEC).
4. Out of the existing capital investment schemes, only for Loktak, MSPCL is not
funding the schemes through grant but through equity or loan. Last year,
MSPCL had expected the World Bank projects to be funded through a small
component of 10%. But after detailed discussion with all stakeholders, it has
now been decided that the World Bank projects shall be undertaken directly by
Government of India and the assets after completion shall be handed over to
MSPCL. As such, there shall be no liability of loan for MSPCL on account of
World Bank projects.
4. Interest & Finance Costs
a. Interest on Working Capital Borrowings
1. As per the JERC MYT Regulations 2014, MSPCL is entitled to claim interest on
working capital as per the norms provided. The norms state that the working
capital shall cover the following:-
(i) Receivables for two months calculated on NATAF
63
(ii) Maintenance spares @ 15% of O&M
(iii) O&M expenses for 1 month
2. The interest rate has been assumed to be 14.75% based on the latest Prime
Lending Rate of SBI, as per regulations. The information regarding the working
capital for the current and ensuing years is as follows:
Table 10 Interest on Working Capital (Rs. Lakhs)
Sl.no Particulars FY 2014-15
FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19
1 Receivables for two
months calculated on NATAF
4.89 5.13 8.66 13.97 18.90
2 Maintenance spares @
15% of O&M 4.50 5.80 7.99 12.11 15.60
3 O&M expenses for 1
month 2.50 3.22 4.44 6.73 8.67
4 Total Working Capital 11.89 14.15 21.10 32.81 43.17
5 Rate of Interest 14.75% 14.75% 14.75% 14.75% 14.75%
6 Interest on Working
Capital 1.75 2.09 3.11 4.84 6.37
5. Return on Equity
1. As per the JERC MYT Regulations 2014, MSPCL is entitled for a Return on
Equity (RoE) of 19.38 %after grossing up the tax rate of 20.01% in 15.5%. As
such, the average paid up equity in FY 2016-17, FY 2017-18 and FY 2018-
19aretaken as around Rs. 20.05 Crore, 40.05crores Crore and 70.05 Crores
respectively. On average paid up equity, return on equity is claimed at the rate
of 19.38% as given in the Table below
Loan Details Unit
2014-15 2015-16 2016-17 2017-18 2018-19
Actual Estimated Projected
1 Average Equity Rs Crores 10.05 10.05 20.05 40.05 70.05
2 Rate of Return on Equity % 15.5% 15.5% 15.5% 15.5% 15.5%
4 Return on Equity Rs Crores 1.56 1.56 2.33 4.66 8.53
3 Income Tax Rs Crores 0.00 0.39 0.78 1.55 2.72
4 Total Rs Crores 1.56 1.95 3.11 6.21 11.25
6. Non-Tariff & Other Income
64
1. The non tariff income for MSPCL is mainly on account of transmission charges
realized for short term power purchase or sale by the distribution licensee.
These charges are paid to MSPCL for use of intra state transmission system for
short term power purchase or sale on the basis of CERC regulations for Short
Term Open Access'2008 and subsequent amendments thereof.
2. Apart from the above, income is also earned as interest from bank accounts
used for managing the account of short term open access charges and also on
account of Agency charges.
3. For projecting the non-tariff income for MYT period, income of SLDC has been
proportionately increased year on year with the ratio energy projected to be
purchased or sold under bilateral transactions or trading through exchange.
Table 11: Non-tariff Income
Particulars (Rs. Crs) FY 2014-15 FY 2015-
16 FY 2016-
17 FY 2017-
18 FY 2018-
19
Actuals Estimates Projected Estimates Projected
SLDC Income 1.55 7.54 2.95 3.09 3.09
Agency Charges 1.6 3.04 3.22 3.41 3.62
Bank Interest 0.67 0.71 0.75 0.80 0.85
Other Income 0.18 0.19 0.20 0.21 0.23
Total 4.00 11.48 7.13 7.52 7.78
7. Aggregate Revenue Requirement
1. Aggregate Revenue Requirement for FY 2016-17, FY 2017-17 and FY 2018-19
areestimated to be Rs 51.98 Crores, 83.80 Crores and 113.42 Crores
respectively
Table 12: Aggregate Revenue Requirement
Annual Revenue Requirement (Rs Lakhs) FY 2016-17 FY 2017-18 FY 2018-19
Projected Projected Projected
R&M Expense 7.68 12.50 17.99
Employee Expenses 42.38 64.89 82.48
65
Annual Revenue Requirement (Rs Lakhs) FY 2016-17 FY 2017-18 FY 2018-19
Projected Projected Projected
A&G Expense 3.22 3.38 3.54
Depreciation 0.51 0.87 1.29
Interest on Loans 0.00 0.00 0.00
Return on Capital Employed 2.33 4.66 8.53
Interest on Working Capital 3.11 4.84 6.37
Income Tax 0.78 1.55 2.72
Less: Non Tariff Income 7.13 7.52 7.78
Less: Income from Other Business 0.00 0.00 0.00
Less: Expenses Capitalised 0.91 1.37 1.72
Total 51.98 83.80 113.42
8. Norms of Operation
1. Target availability: As per JERC MYT regulations' 2014, the target availability
proposed for FY 2016-17, FY 2017-18 and FY 2018-19 for MSPCL is 98%. It is
proposed that transmission ARR shall be recovered on pro-rata basis if target
availability is below 98%.
2. Transmission loss: MSPCL would like to submit that currently all the input and
output points of transmission system are not metered and all the out-going 11 kV
feeders as well as incoming 132 kV lines in the state are not metered. As such, the
transmission losses in the system cannot be measured for MSPCL at this point of
time. MSPCL is making all efforts to complete the metering of all Import and
Export points by the end this Financial Year. IT has placed the purchase order for
procurement of 132 and 33 kv meters.
However, In the absence of any base level of losses, the Commission had approved
intra-state transmission loss of 3.6% on estimated basis. MSPCL requests the
Commission to approve the transmission loss form next year for the tariff of FY
2017-18 onwards.
66
9. Recovery of transmission ARR and transmission tariff proposal for FY
2016-17
1. The total ARR for the FY 2016-17 is proposed to beRs.51.98 Crores. As per JERC
(Multi Year Tariff) Regulations, 2014, the transmission ARR should be recovered as
fixed monthly charges from all users of long term transmission customer based on
the share of average contracted transmission capacity in the total transmission
capacity. Also, in case the target availability is below normative availability of 98%,
then the transmission ARR shall be recovered on pro-rata basis.
2. Currently, MSPCL has only one long term transmission customer which is the
distribution licensee i.e MSPDCL. AS such, MSPCL has to recover the entire
transmission ARR as fixed monthly charges from MSPDCL.
Table 13 Transmission Tariff
Sl. No. Particulars Amount
1
Transmission ARR to be recovered (if
availability is equal or more than the
normative availability)
RS. 51.98 Crores
2 Transmission Tariff for MSPDCL as Rs.
Lakhs/month in FY 2016-17 Rs. 4.33 Crores Per Month
3 Average Contracted Transmission
Capacity for MSPDCL in FY FY 2016-17 218.22 MW
4
Transmission Tariff as per MW of
contracted capacity for long term
transmission users
Rs. 1.98 Lakhs per Monthper
MW of contracted capacity
3. Rebate:As per per JERC (Multi Year Tariff) Regulations, 2014, for payment of bills
of transmission charges through letter of credit on presentation, a rebate of 2%
shall be allowed. Where payments are made subsequently, through opening of
letter of credit or otherwise, but within a period of one month of presentation of
bills by the transmission licensee, a rebate of 1% shall be allowed.
4. Late payment surcharge: As per per JERC (Multi Year Tariff) Regulations, 2014, in
case the payment of bills of capacity charges and energy charges by beneficiary
(ies) is delayed beyond a period of one month from the date of billing, late
payment surcharge at the rate of 1.25% per month shall be levied.
MSPCL ARR & Tariff Petition for FY15-16
67
Chapter 4: Compliance on Directives
The Hon’ble Commission vide Tariff Order dated 28th February, 2014 had issued a set
of directives to be followed by MSPCL to comply with the JERC regulations and
standards.
In line with the directives, MSPCL has been taken several steps to comply with the
directives. The purpose of this section is to appraise the Hon’ble Commission on
progress made by MSPCL on this matter since the issuance of the aforesaid tariff
order.
Sr. No.
Directive Compliance Status
1 MSPCL was directed to
prepare separate annual
accounts such as balance
sheet, profit and loss account
and relevant schedules and
statements, every year for
regulatory purpose and
submit to the Commission
duly got them audited
After the restructuring, the two Companies
MSPCL and MSPDCL have been
incorporatedand started functioniningseperately
from February 2014. The seperate account
statement for FY 2013-14 for both the entitities
have been prepared and submitted to the
Commission. MSPCL has also completed the
compilation of account statements for FY 2014-
15 and has attached the same with this petition.
2 Maintenance of asset and
depreciation registers
The asset register for MSPCL has been finalized
and submitted to the Commission based on the
transfer scheme notified by the Government of
Manipur.
3 MSPCL should ensure timely
completion of projects and
schemes
MSPCL endeavours to complete in time but got
delayed due to force majeure conditions like
strikes, law and order, untimely monsoons,
transportation bottlenecks etc. In spite of all this
MSPCL is trying hard to ensure timely
completion of projects and schemes. In the
current FY 2015-16, MSPCL has been able to
complete a number of projects and has been able
to capitalize around Rs.330 crores of assets, the
details of which are provided in this petition.
68
Sr. No.
Directive Compliance Status
4 Annual investment plan shall
be submitted to the
Commission and necessary
approval of Commission
shall be obtained for all major
capital works costing Rs. 5
crores or more , before
execution of the works
The annual investment plan is being submitted
every year with the ARR and Tariff Petition to
the Hon'ble Commission. In the present petition
MSPCL is submitting the annual investment
plan of FY 16-17 to FY 18-19 along with the
revised plan of FY 2015-16 to the Commission.
All the major capital investment schemes are
being undertaken by MSPCL with the prior
approval of State Government and as per the
approved schemes of State Government and
Central Government. Most of capital investment
schemes are being funded entirely by grants
from the State Government and as such are not
recovered through tariff from consumers.
5 Concerned Transmission and Distribution companies are directed to comply all those directives issued in tariff Order 2012-13 which are not fully complied with within the time frame specified in para 8.2 above
All the directives will be complied
appropriately by MSPCL and the status report is
submitted here.
6 Transmission losses are not arrived based on proper meter readings. It is reported that metering arrangement is not complete. Losses are estimated and reported at 3.6%. Losses at different voltages shall be arrived from meter readings taken at different input points. Meters of appropriate class shall be provided. MSPCL is in charge of network of 33 kV and above voltages. Meters shall be provided at sending end and receiving end of all feeders of 33 kV and above voltages. From the meter readings losses at different voltages 33 kV and above voltages and
MSPCL is in the process of providing meters for
appropriate class and accuracy at all its iinput
and export points, which shall enable accurate
calculation of voltage wise transmission losses.
The scheme of providing meters at 132 kV and
33 kV has been incorporated in the capital
investment plan submitted above. However,
MSPCL requests the Commission to provide
more time i.e. till FY 2018-19 to complete all
metering as per scheme.
69
Sr. No.
Directive Compliance Status
total system losses shall be arrived and provided for the next Tariff Order for FY 2016-17. Quarterly reports shall be furnished to the Commission on progress of providing meters.
7 As verified from capital investment plan, huge amount is contemplated for improvement of 33 kV systems. The MSPCL is directed to plan for completion of all works well within the targeted dates. Quarterly report on progress achievement may be submitted.
MSPCL endeavours to complete in time but got
delayed due to force majeure conditions like
strikes, law and order, untimely monsoons,
transportation bottlenecks etc. In spite of all this
MSPCL is trying hard to ensure timely
completion of projects and schemes. In the
current FY 2015-16, MSPCL has been able to
complete a number of projects and has been able
to capitalize around Rs.330 crores of assets, the
details of which are provided in this petition.
8 The MSPCL is directed to submit the next ARR & Tariff Petition under MYT for the period FY 2016-17 to FY 2018-19 along with APR for FY 2015-16 within the stipulated time.
The directive is complied with under this
petition.
70
Prayer
1. MSPCL requests the Hon’ble Commission to:
Admit the Aggregate Revenue Requirement of FY 2016-17 to FY 2018-19
and the Transmission Tariff Proposal for FY 16-17 as submitted herewith.
Admit the Annual Performance Review of FY 2015-16,
Condone any inadvertent omissions/ errors/ shortcomings and permit the
Petitioner to add/ change/ modify/ alter this filing and make further
submissions as may be required at a future date.
Permit submission of any additional information required by the
Commission during the processing of this petition.
And pass such other and further orders as are deemed fit and proper in the
facts and circumstances of the case,
71
Annual Revenue Requirement Summary
F1
Rs Crores
Form 2014-15 2015-16 2016-17 2017-18 2018-19
Actual Estimated Projected Projected Projected
1 Energy Available (MU) 788.71 782.35 1051.44 1146.98 1146.98
2 Energy Transmitted (MU) 3 Transmission Loss % A Capacity Charges (Annual Fixed Charges)
1 O&M expenses
a R&M Expense F18 3.93 4.00 7.68 12.50 17.99
b Employee Expenses F19 24.18 31.60 42.38 64.89 82.48
c A&G Expense F20 2.93 3.07 3.22 3.38 3.54
2 Depreciation 0 5.39 0.24 0.51 0.87 1.29
3 Interest on Loans 0 0.00 0.00 0.00 0.00 0.00
4 Return on Capital Employed 0 1.56 1.56 2.33 4.66 8.53
5 Interest on Working Capital F25 1.95 2.09 3.11 4.84 6.37
6 Income Tax F29 0.00 0.39 0.78 1.55 2.72
7 Less: Non Tariff Income F26 4.00 11.48 7.13 7.52 7.78
8 Less: Income from Other Business F27 0.00 0.00 0.00 0.00 0.00
9 Less: Expenses Capitalised F28 0.00 0.69 0.91 1.37 1.72
Total 35.94 30.78 51.98 83.80 113.42
72
Projection of Sales, Connected Load and Demand
Form No: F1a
A) Projection of sales
(MU)
Sl no.
Name of utility to whom energy sold
2014-15 2015-16 2015-16 2016-17 2017-18 2018-19
Till August 2015
Estimated Projected
1 MSPDCL 442.29 188.40 485.03 704.43 825.79 848.73
TOTAL 442.29 188.40 485.03 704.43 825.79 848.73
B) Projection of Connected Load (in
KW)
Sl no.
Name of utility to whom energy sold
2014-15 2015-16 2015-16 2016-17 2017-18 2018-19
Till September
2015
Estimated Projected
1 MSPDCL 451479 460541 469602 495694 523235 552306
TOTAL 451479 460541 469602 495694 523235 552306
C) Projection of Maximum or Peak Demand (in MW)
(Unrestricted)
Sl no.
Name of utility to whom energy sold
2014-15 2015-16 2015-16 2016-17 2017-18 2018-19
Till September
2015
Estimated Projected
1 MSPDCL 158 162 170 200 240 260
TOTAL 158.00 162.00 170.00 200.00 240.00 260.00
73
Details of Transmission Lines and Substations Form No: F2
Transmission Lines
No Name of line Type of line AC/ HVDC
S/C or D/C
No. of Sub-conductors
Voltage level kV
Line length Ckt.-Km.
Date of Commercial operation
Transmission Division No.- I
1 Yurembam to Mongsangei AC D/C 33 KV 8.136 Km 2002
2 Yurembam to KhumanLampak via Iroishemba
AC D/C 33KV 13.478 Km 1999
3 Kongba to khumanLampak AC D/C 33KV 11.00 Km 1982
4 Yurembam to MayangImphal AC S/C 33KV 23.80 Km 1982
5 Yurembam to Ningthoukhong AC S/C 33KV 23.80 Km 1982
6 Ningthoukhong to Churchandpur AC S/C 33KV 27.28 Km 1983
7 Mongsangei to Kakwa AC S/C 33KV 5.00 Km 2012
8 SinamChingin to Lamphel AC D/C 33KV 3.5 Km 1994
9 Thoubal to Kongba AC S/C 33KV 15.00 Km 1987
10 KhumanLampak to Imphal Power House AC S/C 33KV 3.50 Km 1994
11 Moirang to MoirangKhunou AC S/C 33KV 6.50 Km 1994
12 Yurembam to Imphal Airport AC S/C 33KV 7.00 Km 2002
13 Churchandpur to Thinkeu AC S/C 33KV 38.00 Km 2011
14 Thinkeu to Thanlon AC S/C 33KV 75.00 Km 2013
15 Churchandpur to Singhat AC S/C 33KV 38.50 Km
16 Leimatak to Ningthoukhong AC S/C 132 KV 10.50 Km 1990
17 Ningthoukhong to Yurembam AC S/C 132 KV 27.50 Km 1981
18 Yaingangpokpi to Kongba( Single Strung) AC S/C 132 KV 32.284 Km 2012
19 Kongba to Kakching (Single Strung) AC S/C 132 KV 44.953 Km 2012
20 Ningthoukhong to Churchandpur AC D/C 132 KV 23.016 Km 1995
Transmission Division No.- II
74
Details of Transmission Lines and Substations Form No: F2
Transmission Lines
No Name of line Type of line AC/ HVDC
S/C or D/C
No. of Sub-conductors
Voltage level kV
Line length Ckt.-Km.
Date of Commercial operation
1 Yurembam to Noney AC S/C 33KV 34.50 Km 2005
2 Yurembam to Leimakhong AC S/C 33KV 20.00 Km 1984
3 Leimakhong to Kangpokpi AC S/C 33KV 35.00 Km
4 Kangpokpi to Tadubi via Karong AC S/C 33KV 50.00 Km 1994
5 Maram to Lakhamai AC S/C 33KV 40.00 Km 2009
6 Kangpokpi to Tamei AC S/C 33KV 50.00 Km 2011
7 Tamelong to Tousem AC S/C 33KV 42.00 Km 2011
8 Leimakhong to Nilakuthi AC S/C 33KV 9.50 Km
9 Yaingangpokpi to KhumanLampak via Napetpalli (18.40+ 10.00)
AC S/C 33KV 28.40 Km
10 Napetpalli to Saikul AC S/C 33KV 35.00 Km 2003
11 KhumanLampak to Nilakuthi AC S/C 33KV 8.50 Km
12 Yaingangpokpi to Hudung via Litan (12 + 20) AC S/C 33KV 32.00 Km
13 Hundung to Tolloi AC S/C 33KV 28.00 Km 1996
14 Tolloi to Namarei AC S/C 33KV 43.00 Km 2009
15 Namarei to Jessami AC S/C 33KV 50.00 Km 2010
16 Hundung to Kamjong AC S/C 33KV 56.00 Km 1997
17 Kheljang (Ccpur) to Singhat AC S/C 33KV 38.50 Km 2007
18 Jiribam to Shivapurikhan AC S/C 33KV 43.00 Km 2011
19 Yurembam to mao via Karong AC S/C 132 KV 91.375 Km 1981
20 Looping in-Looping Out at Karong AC S/C 132 KV 1.155 Km 1981
21 Yurembam to Yaingangpokpi AC S/C 132 KV 41.362 Km 1993
22 Leimatak to Rengpang AC S/C 132 KV 35.00 Km 1981
23 Rengpang to Jiribam AC S/C 132 KV 47.40 Km 1981
75
Details of Transmission Lines and Substations Form No: F2
Transmission Lines
No Name of line Type of line AC/ HVDC
S/C or D/C
No. of Sub-conductors
Voltage level kV
Line length Ckt.-Km.
Date of Commercial operation
24 Looping in-Looping Out at Rengpang AC D/C 132 KV 4.8 Km 2011
25 Looping in-Looping Out at Jiribam AC S/C 132 KV 0.96 Km 2009
Transmission Division No.- III
1 Kakching to New Chayang AC S/C 33KV 18.40 Km 1989
2 Kakching to MayangImphal AC S/C 33KV 19.00 Km 1985
3 Kakching to Wangjing AC S/C 33KV 7.00Km 1994
4 Kakching to Thoubal AC S/C 33KV 22.00 Km 1994
5 Kakching to Tengnoupal AC S/C 33KV 27.00 Km 1993
6 Kakching to Moreh AC S/C 33KV 35.00 Km 2004
7 New Chayang to Chakpikarong AC D/C 33KV 6.00 Km 2015
8 (Li-Lo) AC D/C 33KV 6.00 Km 2014
9 Kakchinf to Churachanpur AC S/C 132 KV 37.858 Km 1999
10 Kakching to Chandel AC S/C 132 KV 16.065 Km 2015
Substations
No Name of Sub-station Type of Substation
Conventional/ GIS
Voltage level kV
No. of transformers
/ Reactors/ SVC etc
(with capacity)
No. of Bays
Date of Commercial operation
Covered in this petition (Yes/No)
1 132/33/11 KV S/S, Karong Conventional 132 KV 2x20 MVA 5 18-01-1997, 25-03-2011(2nd TFR)
33 KV 1x5 MVA 8
2 132/33/11 KV S/S, Yaingangpokpi Conventional 132 KV 2X20 MVA 8 01-08-1992, 01-07-
76
Details of Transmission Lines and Substations Form No: F2
Transmission Lines
No Name of line Type of line AC/ HVDC
S/C or D/C
No. of Sub-conductors
Voltage level kV
Line length Ckt.-Km.
Date of Commercial operation
1993(2nd TFR)
33 KV 1X1 MVA 7
3 33/11 KV S/S, Maram Conventional 33 KV 1X3.15 MVA 5 14/01/2006
4 33/11 KV S/S, Tadubi Conventional 33 KV 1X3.15 MVA 4 09/07/1993
5 33/11 KV S/S, Lakhamai Conventional 33 KV 2X1 MVA 4 16/01/2010
6 33/11 KV S/S, Kangpokpi Conventional 33 KV 1X3.15 MVA 4 15/02/1992
7 33/11 KV S/S, Leimakhong Conventional 33 KV 1X3 MVA 4 01/04/1979
8 33/11 KV S/S, Willong Conventional 33 KV 2X2.5 MVA 4 20/02/2015
9 33/11 KV S/S, Litan Conventional 33 KV 1X3.15 MVA 4 22/12/1983
10 33/11 KV S/S, Hundung Conventional 33 KV 2X3.15 MVA 5 12/06/1989
11 33/11 KV S/S, Tolloi Conventional 33 KV 1X1 MVA 3 11/05/2005
12 33/11 KV S/S, Kamjong Conventional 33 KV 1X3.15 MVA 4 01/07/2002
13 33/11 KV S/S, Namarei Conventional 33 KV 2X1 MVA 4 16/01/2010
14 33/11 KV S/S, Jessami Conventional 33 KV 2X2.5 MVA 4 02/11/2011
15 33/11 KV S/S, Thoubal Conventional 33 KV 2X5 MVA 4 06-10-1987, 18-04-1993(2nd TFR)
16 33/11 KV S/S, Wangjing Conventional 33 KV 1X3.15 MVA, 1X5
MVA
3 01-05-1995, 24-05-2012(2nd TFR)
17 33/11 KV S/S, Napetpalli Conventional 33 KV 1X5 MVA 4 13/11/1994
18 33/11 KV S/S, Chingarel Conventional 33 KV 2X5 MVA 5 20/10/2014
19 33/11 KV S/S, Saikul Conventional 33 KV 1X3.15 MVA 4 14/02/2005
20 33/11 KV S/S, Nilakuthi Conventional 33 KV 2X10 MVA 4 10/12/1990
Sub-Station Division No.III
1 132/33KV Ningthoukhong Conventional 132/33KV 2x20MVA 7 1x12.5MVA, January 15, 1990 (Dismantle)
77
Details of Transmission Lines and Substations Form No: F2
Transmission Lines
No Name of line Type of line AC/ HVDC
S/C or D/C
No. of Sub-conductors
Voltage level kV
Line length Ckt.-Km.
Date of Commercial operation
1x12.5MVA, February 10, 1990
(Dismantle)
1x20MVA, July 22, 2014
2 132/33KV Kakching Conventional 132/33KV 2x20MVA 6 1x20MVA, July 27, 1994
New 1x20MVA, August 10, 2007
3 132/33KV Churchanpur Conventional 132/33KV 2x20MVA 5 1x20MVA, July 17,2000
4 33/11KV Nambol Conventional 33/11KV 1x5MVA 5 February 22, 2000
5 33/11KV Bishnupur Conventional 33/11KV 1x3.15MVA 4 April 22, 1991
6 33/11KV Ninthoukhong Conventional 33/11KV 2x3.15MVA 5 Jun/79
7 33/11KV Moirang Conventional 33/11KV 2x3.15MVA 5 May 5, 1982
8 33/11KV MoirangKhunou Conventional 33/11KV 1x3.15MVA 4 Sep-96
9 33/11KV Khoupum Conventional 33/11KV 1x1MVA 4 Jul-95
10 33/11KV Kakching Conventional 33/11KV 2x5MVA 8 October 3, 1994
11 33/11KV New Chayang Conventional 33/11KV 1x3.15MVA 4 March 1, 1992
12 33/11KV Sekmaijin Conventional 33/11KV 2x5MVA 4 January 29, 2015
13 33/11KV MayangImphal Conventional 33/11KV 2x3.15MVA 4 August 27, 1983
14 33/11KV Thanlon Conventional 33/11KV 2x1MVA 5 December 23, 2013
15 33/11KV Thinkew Conventional 33/11KV 2x1MVA 5 March 31, 2010
16 33/11KV Singhat Conventional 33/11KV 1x3.15MVA 4 August 11, 2007
17 33/11KV New Lamka Conventional 33/11KV 2x5MVA 5 December 24, 2008
78
Details of Transmission Lines and Substations Form No: F2
Transmission Lines
No Name of line Type of line AC/ HVDC
S/C or D/C
No. of Sub-conductors
Voltage level kV
Line length Ckt.-Km.
Date of Commercial operation
18 33/11KV Churchanpur Conventional 33/11KV 3x5MVA 8 August 14, 1988
19 1x5MVA, 19-02-2006
20 33/11KV Iroisemba Conventional 33/11KV 3x5MVA
21 33/11KV Yurembam Conventional 33/11KV 3x5MVA
22 33/11KV Mongsangei Conventional 33/11KV 20MVA
23 33/11KV Kongba Conventional 33/11KV 20MVA
24 33/11KV KhumanLampak Conventional 33/11KV 20MVA
25 33/11KV Jiribam Conventional 33/11KV 10 MVA
26 33/11KV Rengpang Conventional 33/11KV 3.15 MVA
27 33/11KV Imphal Power house Conventional 33/11KV 3x5MVA
28 33/11KV Tamenglong Conventional 33/11KV 3.15 MVA
29 33/11KV Tangnoupal Conventional 33/11KV 1 MVA
30 33/11KV Airport Conventional 33/11KV 2 MVA
31 33/11KV Moreh Conventional 33/11KV 1x5MVA
32 33/11KV Maram Conventional 33/11KV 3.15MVA
33 33/11KV Noney Conventional 33/11KV 3.15 MVA
34 33/11KV Namrai Conventional 33/11KV 2 MVA
35 33/11KV Kangla Conventional 33/11KV 2x5MVA
36 33/11KV shivapurikhal Conventional 33/11KV 3.15MVA
37 33/11KV Tamei Conventional 33/11KV 3.15MVA
38 33/11KV Tousem Conventional 33/11KV 3.15MVA
39 33/11KV Kakwa Conventional 33/11KV 10 MVA
40 33/11KV Sagolmang Conventional 33/11KV 6.3 MVA
41 33/11KV sangaipat Conventional 33/11KV 20 MVA
42 33/11KV sangaiporu Conventional 33/11KV 20 MVA
79
Details of Transmission Lines and Substations Form No: F2
Transmission Lines
No Name of line Type of line AC/ HVDC
S/C or D/C
No. of Sub-conductors
Voltage level kV
Line length Ckt.-Km.
Date of Commercial operation
43 33/11KV JNIMS Conventional 33/11KV 10 MVA
44 33/11KV Mantripukhri Conventional 33/11KV 10 MVA
80
Statement of Assets not in Use
Form No: F2a
(Rs Crores)
S. No.
Asset details
Date of Acquisition/ Installation
Historical Cost/ Cost
of Acquisition
Date of withdrawal
from operations
Cumulative depreciation
recovered
Proposed residual
value
NIL
81
Normative Parameters Considered for Tariff Computations Form No:
F3
Particulars Unit 2014-15 2015-16 2016-17 2017-18 2018-19
Actual Estimated Projected
1 Base Rate of Return on Equity
% 15.50% 15.50% 15.50% 15.50% 15.50%
2 Tax Rate % 20.01% 20.01% 20.01% 20.01% 20.01%
3 Target Availability % 98.00% 98.00% 98.00% 98.00% 98.00%
4 Maintenance Spares for Working Capital
% of O&M 15% 15% 15% 15% 15%
5 Receivebles for Working Capital
in Months 2 2 2 2 2
6 Base Rate of SBI as on ________________
% 14.75% 14.75% 14.75% 14.75% 14.75%
82
Abstract of admitted Capital Cost for the existing Project Form No:
F4
Particulars Unit Details
1 Capital Cost as admitted by JERC Rs Crores NA
2 Capital cost admitted as on
3 Foreign Component, if any (In Million US $ or the relevant
Currency)
4 Domestic Component Rs Crores
5 Foreign Exchange rate considered for the admitted Capital cost
6 Hedging cost, if any, considered for the admitted Capital cost
7 Total Capital cost admitted Rs Crores
83
Details of Foreign Loans Form No: F5
Details only in respect of loans applicable to the project under petition
Particulars 2016-17 2017-18 2018-19
Date
Amount (Foreign
Currency)
Exchange Rate
Amount (Rs)
Date Amount (Foreign
Currency)
Exchange Rate
Amount (Rs)
Date Amount (Foreign
Currency)
Exchange Rate
Amount (Rs)
Currency11
NIL
Date of loan drawl2
Scheduled Principal Repayment
Scheduled Interest payment
Closing at the end of financial year
In case of Hedging3
At the date of Hedging
Period of hedging
Cost of hedging
Currency21
Date of loan drawl2
Scheduled Principal Repayment
Scheduled Interest payment
Closing at the end of financial year
In case of Hedging3
At the date of Hedging
Period of hedging
Cost of hedging
Currency31
Date of loan drawl2
Scheduled Principal Repayment
Scheduled Interest payment
Closing at the end of financial year
In case of Hedging3
84
Details of Foreign Loans Form No: F5
Details only in respect of loans applicable to the project under petition
Particulars 2016-17 2017-18 2018-19
Date
Amount (Foreign
Currency)
Exchange Rate
Amount (Rs)
Date Amount (Foreign
Currency)
Exchange Rate
Amount (Rs)
Date Amount (Foreign
Currency)
Exchange Rate
Amount (Rs)
At the date of Hedging
Period of hedging
Cost of hedging
85
Details of Foreign Equity Form No: F6
Details only in respect of loans applicable to the project under petition
Particulars 2016-17 2017-18 2018-19
Date
Amount (Foreign
Currency)
Exchange Rate
Amount (Rs)
Date Amount (Foreign
Currency)
Exchange Rate
Amount (Rs)
Date Amount (Foreign
Currency)
Exchange Rate
Amount (Rs)
Currency11
NIL
1 Date of Infusion
2
3
4
Currency21
1 Date of Infusion
2
3
4
Currency31
1 Date of Infusion
2
3
4
86
Capital Cost Estimates and Schedule of Commissioning for New projects
Form No:
F7
Board of Director/ Agency approving the Capital cost
estimates:
Date of approval of the Capital cost estimates:
Present Day Cost
Completed Cost
Price level of approved estimates As of End of ________ Qtr. Of the year _________
As on Scheduled COD of the Station
Foreign Exchange rate considered for the Capital cost estimates
Capital Cost excluding IDC, FC, FERC & Hedging Cost
Foreign Component, if any (In Million US $ or the relevant Currency)
NA
Domestic Component (Rs. Lakhs)
Capital cost excluding IDC, FC, FERC & Hedging Cost (Rs. Lakhs)
IDC, FC, FERC & Hedging Cost
Foreign Component, if any (In Million US $ or the relevant Currency)
NA
Domestic Component (Rs. Lakhs)
Total IDC, FC, FERC & Hedging Cost (Rs. Lakhs)
Rate of taxes & duties considered
Capital cost Including IDC, FC, FERC & Hedging Cost
Foreign Component, if any (In Million US $ or the relevant Currency)
NA
Domestic Component (Rs. Lakhs)
Capital cost Including IDC, FC, FERC & Hedging Cost (Rs. Lakhs)
Schedule of Commissioning
COD of Unit-I/ Block-I NA
COD of Unit-II/ Block-II
-------------------------
---------------------------
COD of last Unit/ Block
87
Break-up of Project Cost for Transmission System Form No: F 8
Rs Crores
No Break Down As per original
estimates
Actual capital
expenditure as on COD
Liabilities/ provisions
Variation (B-C-D)
Reasons for Variation
A B C D E F
A Transmission Line
NIL
1 Preliminary works
1.1 Design & Engineering
1.2 Priliminaryinvestigation,Right of way, forest clearance, PTCC , general civil
works etc.
Total Preliminary works
2 Transmission Lines material
2.1 Towers Steel
2.2 Conductor
2.3 Earth Wire
2.4 Insulators
2.5 Hardware Fittings
2.6 Conductor &Earthwire accessories
2.7 Spares
2.8 Erection, Stringing & Civil works including foundation
Total Transmission Line Materials
3 Taxes and Duties
3.1 Custom Duty
3.2 Other Taxes & Duties
Total Taxes & Duties
Total -Transmission lines
B. Substations
4 Preliminary works & land
4.1 Design & Engineering
88
Break-up of Project Cost for Transmission System Form No: F 8
Rs Crores
No Break Down As per original
estimates
Actual capital
expenditure as on COD
Liabilities/ provisions
Variation (B-C-D)
Reasons for Variation
A B C D E F
4.2 Land
4.3 Site preparation
Total Preliminary works & land
5 Civil Works
5.1 Control Room & Office Building including HVAC
5.2 Township & Colony
5.3 Roads and Drainage
5.4 Foundation for structures
5.5 Misc. civil works
Total Civil Works
6 Substation Equipments
6.1 Switchgear (CT,PT, Circuit Breaker, Isolator etc)
6.2 Transformers
6.3 Compensating Equipment( Reactor, SVCs etc)
6.4 Control , Relay & Protection Panel
6.5 PLCC
6.6 HVDC package
6.7 Bus Bars/ conductors/Insulators
6.8 Outdoor lighting
6.9 Emergency D.G. Set
6.1 Grounding System
6.11 Structure for switchyard
Total Substation Equipments
7 Spares
89
Break-up of Project Cost for Transmission System Form No: F 8
Rs Crores
No Break Down As per original
estimates
Actual capital
expenditure as on COD
Liabilities/ provisions
Variation (B-C-D)
Reasons for Variation
A B C D E F
8 Taxes and Duties
8.1 Custom Duty
8.2 Other Taxes & Duties
Total Taxes & Duties
Total (Sub-station)
9 Construction and pre-commissioning expenses
9.1 Site supervision & site admn.etc.
9.2 Tools and Plants
9.3 construction Insurance
Total Construction and pre commissioning expenses
10 Overheads
10.1 Establishment
10.2 Audit & Accounts
10.3 Contingency
Total Overheads
11 Total Cost (Plant and Equipment)
12 IDC, FC, FERV & Hedging Cost
12.1 Interest During Construction (IDC)
12.2 Financing Charges (FC)
12.3 Foreign Exchange Rate Variation (FERV)
12.4 Hedging Cost
Total of IDC, FC, FERV & Hedging Cost
90
Break-up of Project Cost for Transmission System Form No: F 8
Rs Crores
No Break Down As per original
estimates
Actual capital
expenditure as on COD
Liabilities/ provisions
Variation (B-C-D)
Reasons for Variation
A B C D E F
13 Capital Cost incl IDC, FC, FERV & Hedging Cost
91
Break-up of Construction/ Supply/ Service packages Form No: F9
Particulars 1 2 3 4 5 6 ----
1 Name/ No. of Construction / Supply / Service Package
NA
2 Scope of works1 (in line with head of cost break-ups as
applicable)
3 Whether awarded through ICB/DCB/ Depatmentally/
Deposit Work
4 No. of bids received
5 Date of Award
6 Date of Start of work
7 Date of Completion of Work
8 Value of Award2 in (Rs. Lakhs)
9 Firm or With Escalation in prices
10 Actual capitalexpenditure till the completion or up to
COD whichever is earlier(Rs.Cr.)
11 Taxes & Duties and IEDC
12 IDC, FC, FERV & Hedging Cost
13 Sub -total (9+10+11)
92
Draw Down Schedule for Calculation of IDC & Financing Charges Form No: F10
Rs
Crores
No
Draw Down Quarter 1 Quarter 2 Quarter n (COD)
Particulars Quantum in
Foreign currency
Exchange Rate on
draw down date
Amount in
Indian Rupee
Quantum in Foreign currency
Exchange Rate on
draw down date
Amount in
Indian Rupee
Quantum in Foreign currency
Exchange Rate on draw down
date
Amount in
Indian Rupee
1 Loans
NIL
1.1 Foreign Loans
1.1.1 Foreign Loan 1
Draw down Amount
IDC
Financing charges
1.1.2 Foreign Loan 2
Draw down Amount
IDC
Financing charges
1.1.3 - -
- -
- -
Total Foreign Loans
Draw down Amount
IDC
Financing charges
1.2 Indian Loans
1.2.1 Indian Loan 1
Draw down Amount
IDC
Financing charges
1.2.2 Indian Loan 2
93
Draw Down Schedule for Calculation of IDC & Financing Charges Form No: F10
Rs
Crores
No
Draw Down Quarter 1 Quarter 2 Quarter n (COD)
Particulars Quantum in
Foreign currency
Exchange Rate on
draw down date
Amount in
Indian Rupee
Quantum in Foreign currency
Exchange Rate on
draw down date
Amount in
Indian Rupee
Quantum in Foreign currency
Exchange Rate on draw down
date
Amount in
Indian Rupee
Draw down Amount
IDC
Financing charges
1.2.3 - -
- -
- -
Total Indian Loans
Draw down Amount
IDC
Financing charges
Total of Loans
drawn
IDC
Financing charges
2 Equity
2.1 Foreign equity
drawn
2.2 Indian equity drawn
Total equity
deployed
94
Financial Package UptoCoD Form No: F11
Project Cost as on COD1
Date of Commercial Operation of Transmission Element
Financial Package as Approved
Financial Package as on COD
As Admitted on COD
Currency Amount Currency Amount Currency Amount
Loans
NIL
Loan-I
Loan-II
Loan-III
and so on
Total Loan
Equity
Foreign
Domestic
Total Equity
Debt : Equity Ratio
95
Details of Project Specific Loans Form No: F12
Rs
Crores
Particulars Package
1 Package
2 Package
3 Package
4 Package
5 Package
6
Source of Loan1
NIL
Currency2
Amount of Loan sanctioned
Amount of Gross Loan drawn upto 31.03.2011/ COD 3,4,5,13,15
Interest Type6
Fixed Interest Rate, if applicable
Base Rate, if Floating Interest7
Margin, if Floating Interest8
Are there any Caps/Floor9
If above is yes,specify caps/floor
Moratorium Period10
Moratorium effective from
Repayment Period11
Repayment effective from
Repayment Frequency12
Repayment Instalment13,14
Base Exchange Rate16
Are foreign currency loan hedged?
If above is yes,specify details17, 18, 19
96
Details of Allocation of corporate loans to various transmission projects Form No: F13
Rs
Crores
Particulars Package
1 Package
2 Package
3 Package
4 Package 5
Package 6
Source of Loan1
NIL
Currency2
Amount of Loan sanctioned
Amount of Gross Loan drawn upto 31.03.2011/ COD 3,4,5,13,15
Interest Type6
Fixed Interest Rate, if applicable
Base Rate, if Floating Interest7
Margin, if Floating Interest8
Are there any Caps/Floor9
If above is yes,specify caps/floor
Moratorium Period10
Moratorium effective from
Repayment Period11
Repayment effective from
Repayment Frequency12
Repayment Instalment13,14
Base Exchange Rate16
Are foreign currency loan hedged?
If above is yes,specify details17,
18, 19
97
Statement of Additional Capitalisation after COD Form No: F14
Rs Crores
No Year
Work/ Equipment proposed to be added after COD up to Cut off Date/ Beyond Cut
off Date
Amount capitalised and Proposed to be
capitalised
Justification
Regulations under which
covered
Admitted Cost1
NIL
98
Financing of Additional Capitalisation Form No:
F15
Rs Crores
Financial Year (Starting from COD)
Actual Admitted
Year 1 Year
2 Year
3 Year
4
Year 5
& so on
Year 1
Year 2
Year 3
Year 4 Year 5
& so on
Amount capitalised in Work/ Equipment
NIL
Financing Details
Loan-1
Loan-2
Loan-3 and so on
Total Loan2
Equity
Internal Resources
Others
Total
99
Statement of Capital Cost Form No: F16
Rs Crores
Particulars As on relevant date1
A a Opening Gross Block Amount as per books
NA
b Amount of capital liabilities in A(a) above
c Amount of IDC, FC, FERV & Hedging cost included in A(a) above
d
Amount of IEDC (excluding IDC, FC, FERV & Hedging cost) included in A(a)
B a Opening Gross Block Amount as per books
b Amount of capital liabilities in B(a) above
c Amount of IDC, FC, FERV & Hedging cost included in B(a) above
d
Amount of IEDC (excluding IDC, FC, FERV & Hedging cost) included in B(a)
B a Opening Gross Block Amount as per books
b Amount of capital liabilities in C(a) above
c Amount of IDC, FC, FERV & Hedging cost included in C(a) above
d
Amount of IEDC (excluding IDC, FC, FERV & Hedging cost) included in C(a)
100
Statement of Capital Works in Progress Form No:
F17
Rs Crores
Particulars As on relevant date1
A a Opening CWIP Amount as per books
NA
b Amount of capital liabilities in above
c Amount of IDC, FC, FERV & Hedging cost included in a above
B a Addition/Adjustment in CWIP Amount during the period
b Amount of capital liabilities in above
c Amount of IDC, FC, FERV & Hedging cost included in a above
C a
Capitalization/Transfer to Fixed asset of CWIP Amount during the period
b Amount of capital liabilities in above
c Amount of IDC, FC, FERV & Hedging cost included in a above
D a Closing CWIP Amount as per books
b Amount of capital liabilities in above
c Amount of IDC, FC, FERV & Hedging cost included in a above
101
R&M Expenses Form No:
F18
Rs
Crores
Particulars
2014-15 2015-16 2015-16 2016-17 2017-18 2018-
19
Till September
2015 Estimated Projected
1 Plant and Machinery 0.89 0.07 0.91 1.74 2.83 4.07
2 Building 3.04 0.25 3.10 5.95 9.67 13.92
3 Total 3.93 0.33 4.00 7.68 12.50 17.99
4 Any other items (Capitalisation)
0.00 0.00 0.00 0.00 0.00 0.00
5 Total 3.93 0.33 4.00 7.68 12.50 17.99
102
Employee Expenses Form No: F19
Rs Crores
Particulars
2014-15 2015-16 till September 2015-16 2016-17 2017-18 2018-19
Actual Actual Estimated Projected
1 Salaries 8.82 4.62 11.15 14.36 16.11 17.41
2 Additional Pay 2.00 1.09 2.53 3.26 3.66 3.95
3 Dearness Allowance (DA) 11.04 5.95 15.16 21.23 29.74 41.65
4 Medical Expenses Reimbursement 0.05
0.07 0.08 0.09 0.10
5 Travelling Allowance(Conveyance Allowance) 0.57 0.32 0.72 0.91 0.99 1.04
6 Provident Fund Contribution/ NPS 1.10 0.03 1.24 1.63 2.51 3.56
7 Provision for PF Fund
8 Any Other Items/ ACP Arrear/ Spl Pay/Cy. All 0.59 0.02 0.72 0.90 0.98 1.03
9 Impact of VII th Pay commission
0.00 10.81 13.75
10 Total Employee Costs 24.18 12.03 31.60 42.38 64.89 82.48
11 Less: Employee expenses capitalised 0.00 0.00 0.63 0.85 1.30 1.65
12 Net Employee expenses (D)-(E) 24.18 12.03 30.96 41.53 63.59 80.84
Employee Count 874
1072 1341 1460 1533
Employee at end of year 874
1270 1411 1509 1556
103
Employee Strength
Form No: 19 a
Rs Crores
Particulars
2014-15 2015-16 2016-17 2017-18 2018-19
Working Strength At
The Beginning Of
The Year
Sanctioned Strength At
The Beginning
Of The Year
Working Strength At
The Beginning
Of The Year
Sanctioned Strength At
The Beginning
Of The Year
Working Strength At
The Beginning
Of The Year
Sanctioned Strength At
The Beginning
Of The Year
Working Strength At
The Beginning
Of The Year
Sanctioned Strength At
The Beginning
Of The Year
Working Strength At
The Beginning
Of The Year
Sanctioned Strength At
The Beginning
Of The Year
1 Board of Directors
NA
2 Support staff to Board of
Directors
2(a) Technical
2(b) Administrative
2(c) Accounts & Finance
2(d) Others (please specify)
3 All Other Staff
3(a) Technical
3(a)(i) Officers
3(a)(ii) Staff
3(b) Non-technical
3(b)(i) Administrative
3(b)(i)(a) Officers
3(b)(i)(b) Staff
3(b)(ii) Accounts & Finance
3(b)(ii)(a) Officers
3(b)(ii)(b) Staff
3(b)(iii) Others (please specify)
3(b)(iii)(a) Officers
104
Employee Strength
Form No: 19 a
Rs Crores
Particulars
2014-15 2015-16 2016-17 2017-18 2018-19
Working Strength At
The Beginning Of
The Year
Sanctioned Strength At
The Beginning
Of The Year
Working Strength At
The Beginning
Of The Year
Sanctioned Strength At
The Beginning
Of The Year
Working Strength At
The Beginning
Of The Year
Sanctioned Strength At
The Beginning
Of The Year
Working Strength At
The Beginning
Of The Year
Sanctioned Strength At
The Beginning
Of The Year
Working Strength At
The Beginning
Of The Year
Sanctioned Strength At
The Beginning
Of The Year
3(b)(iii)(b) Staff
Total
105
Administration & General Expenses Form No: F20
Rs Crores
Particulars
2014-15 2015-16 till
October 2015-16 2016-17 2017-18 2018-19
Actual
Estimated Projected
1 Telephone, Postage, Telegram & Telex Charges 0.03 0.00 0.03 0.04 0.04 0.04
2 Vehicle Expenses 0.17 0.07 0.18 0.19 0.20 0.21
3 Printing And Stationery 0.15 0.04 0.15 0.15 0.15 0.15
4 Advertisement Expenses 0.13 0.01 0.14 0.15 0.16 0.17
5 Electricity Charges To Offices 1.28
1.36 1.44 1.53 1.62
6 Miscellaneous Expenses, Meetings, Seminars 0.31 0.05 0.33 0.35 0.37 0.39
7 Legal Charges 0.33
0.33 0.33 0.33 0.33
8 Auditor's Fee,Consultants, License 0.14 0.10 0.14 0.14 0.14 0.14
9 Vehicle Running Expenses Truck / Delivery Van 0.10 0.21 0.10 0.11 0.12 0.12
10 Fabrication Charges, Furniture, Local Purchase 0.29 0.05 0.31 0.33 0.35 0.37
11 Total A&G Expenes 2.93 0.53 3.07 3.22 3.38 3.54
12 Less: A&G Expenses Capitalised 0.00 0.00 0.06 0.06 0.07 0.07
13 Total A&G Expenes 2.93 0.53 3.01 3.16 3.31 3.47
106
Name of Asset
Depreciation rate1
2015-16 2016-17 2017-18 2018-19
Estimated Projected Projected Projected
Opening
Addition
Depreciation
Closing
Opening
Addition
Depreciation
Closing
Opening
Addition
Depreciation
Closing Openi
ng Addition
Depreciation
Closing
1 Land 0.00% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00
2 Plant &
Machinery 5.28% 168.78 285.59 16.45 454.37 454.37 400.39 34.56 854.76
854.76
508.60 58.56 1363.36 1363.36 560.3 86.78 1923.68
2 Building 3.34% 25.24 42.72 1.56 67.96 67.96 59.89 3.27 127.85 127.8
5 76.07 5.54 203.92 203.92 83.8 8.21 287.73
3 Furniture &Fitings
6.33% 0.23 0.38 0.03 0.61 0.61 0.53 0.06 1.14 1.14 0.68 0.09 1.82 1.82 0.7 0.14 2.57
3 Computer 15.00% 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.03 0.03 0.02 0.01 0.04 0.04 0.0 0.01 0.06
4 Office
Equipments 6.33% 0.08 0.14 0.01 0.22 0.22 0.19 0.02 0.41 0.41 0.25 0.03 0.66 0.66 0.3 0.05 0.93
4 Vehicle 9.50% 0.30 0.52 0.05 0.82 0.82 0.72 0.11 1.54 1.54 0.92 0.19 2.46 2.46 1.0 0.28 3.48
Total
194.64 329.35 18.10 523.99 523.99 461.75 38.02 985.73
985.73
586.53 64.42 1572.27 1572.27 646.1
8 95.47 2218.45
Percentage of assets not
funded through grants
1%
Depreciation to
be charged 0.24
0.51
0.87
1.29
107
2014-15 2015-16 2016-17 2017-18 2018-19
Actual Estimates Projection Projection Projection
Additions during
the Year
Balance at the end
of the Year
Additions during
the Year
Balance at the end of
the Year
Additions during
the Year
Balance at the end of
the Year
Additions during
the Year
Balance at the end of
the Year
Additions during
the Year
Balance at the end of
the Year
1 Consumer Contribution towards Cost Of Capital
Assets - 0.00 - 0.00 - 0.00 - 0.00 - 0.00
3 Grant towards Cost Of Capital
Assets 171.56 745.79 261.36 1,007.15 598.32 1,605.47 549.95 2,155.42 599.33 2,754.75
Total 171.56 745.79 261.36 1007.15 598.32 1605.47 549.95 2155.42 599.33 2754.75
108
Loan Details
Loan
Tenure (yrs
)
2015-16 2016-17 2017-18 2018-19
Actual Actual Actual Actual
Rate of Interest
Opening Balance
Amount
received
Principal
repayment
Interest
Due
Closing Balance
Rate of Interest
Openin
g Balance
Amount
received
Principal repayme
nt
Interest Due
Closing
Balanc
e
Rate of Interest
Opening
Balance
Amoun
t received
Principal
repayment
Interest
Due
Closing Balance
Rate of Interest
Opening Balance
Amoun
t received
Principal repayment
Interest Due
Closing Balance
A
Interest charges on State Govt. Loans, Bonds
And Advances
1 State
Government Loans
2 Bonds
3 Foreign
Currency Loans / Credits
4 Debentures
Sub-total
Interest on Long Term
Loans / Credits from the FIs/
banks/ organisations approved by
the State Government
A Secured Loans
0.00
0.00
0.00
0.00
Loan 1
Loan 2
Loan 3
109
Loan Details
Loan
Tenure (yrs
)
2015-16 2016-17 2017-18 2018-19
Actual Actual Actual Actual
Rate of Interest
Opening Balance
Amount
received
Principal
repayment
Interest
Due
Closing Balance
Rate of Interest
Openin
g Balance
Amount
received
Principal repayme
nt
Interest Due
Closing
Balanc
e
Rate of Interest
Opening
Balance
Amoun
t received
Principal
repayment
Interest
Due
Closing Balance
Rate of Interest
Opening Balance
Amoun
t received
Principal repayment
Interest Due
Closing Balance
Loan 4
Sub-total
-
-
-
-
B
Unsecured Loans
Loan 1
Loan 2
Loan 3
Loan 4
Sub-total
-
C Other Interest
& Finance Charges
Cost of raising Finance / Bank
Charges
Interest on
Security Deposit
Penal Interest
Charges
Lease Rentals
Sub-total
0
D Grand Total Of
0
0
0
0
110
Loan Details
Loan
Tenure (yrs
)
2015-16 2016-17 2017-18 2018-19
Actual Actual Actual Actual
Rate of Interest
Opening Balance
Amount
received
Principal
repayment
Interest
Due
Closing Balance
Rate of Interest
Openin
g Balance
Amount
received
Principal repayme
nt
Interest Due
Closing
Balanc
e
Rate of Interest
Opening
Balance
Amoun
t received
Principal
repayment
Interest
Due
Closing Balance
Rate of Interest
Opening Balance
Amoun
t received
Principal repayment
Interest Due
Closing Balance
Interest & Finance
Charges (A + B + C)
E Less: Interest &
Finance Charges Capitalised
Net Total Of Interest &
Finance Charges (D - E)
0
0
0
0
111
Statement of Equity Form No:
F23
Loan Details Unit
2014-15 2015-16 2016-17 2017-18 2018-19
Actual Estimated Projected
1 Average Equity Rs
Crores 10.05 10.05 20.05 40.05 70.05
2 Rate of Return on Equity % 15.5% 15.5% 15.5% 15.5% 15.5%
4 Return on Equity
1.56 1.56 2.33 4.66 8.53
3 Income Tax
0.00 0.39 0.78 1.55 2.72
4 Total
1.56 1.95 3.11 6.21 11.25
112
Return on Capital Employed
Form No.: F24
Rs
Crores
No Loan Details Form
2014-15
2015-16 2015-16 2016-
17 2017-
18 2018-
19
Actual Till September
2015 Estimated Projected
1 Regulated Rate Base
0.00
0.00 0.00 0.00
2 Original Costs of Fixed Assets
3 Accumulated Depreciation
4 Addition in Regulated Rate
Base a Investments during the year
b Depreciation
5 Change in Working Capital
6 Equity F23 10.05
10.05 20.05 40.05 70.05
7 Debt
8 Rate of return on Equity F23 15.5%
15.5% 15.5% 15.5% 15.5%
9 Rate of Return on Debt
10 Weighted Avg Cost of Capital
(WACC)
11 Return on Capital Employed
(RoCE) 1.56
1.56 2.33 4.66 8.53
113
Working Capital Requirements Form No:
F25
Loan Details Unit
2014-15
2015-16 2015-16 2016-
17 2017-
18 2018-
19
Actual Till september
2015 Estimated Projected
1 Receivables for two months
calculated on NATAF Rs
Crores 5.99
5.13 8.66 13.97 18.90
2 Maintenance spares @ 15% of
O&M Rs
Crores 4.66
NA
5.80 7.99 12.11 15.60
3 O&M expenses for 1 month Rs
Crores 2.59 3.22 4.44 6.73 8.67
Total Working Capital
Rs Crores
13.23 14.15 21.10 32.81 43.17
Rate of Interest 14.75%
Interest on Working Capital
Rs Crores
1.95 2.09 3.11 4.84 6.37
114
Details of Non-tariff Income Form No: F26
No Particulars Unit
2014-15
2015-16 2015-16 2016-
17 2017-18 2018-19
Actual Till
September 2015
Estimated Projected
1 SLDC Income Rs
Crores 1.55 3.25 7.54 2.95 3.09 3.09
2 Agency Charges
Rs Crores
1.6 1.52 3.04 3.22 3.41 3.62
3 Bank Interest Rs
Crores 0.67
0.71 0.75 0.80 0.85
4 Other Income Rs
Crores 0.18
0.19 0.20 0.21 0.23
Total
Rs Crores
4.00
11.48 7.13 7.52 7.78
115
No Particulars Unit 2014-15 2015-16 2015-16 2016-17 2017-18 2018-19
Actual Till September 2015
Estimated Projected
1 Rs Crores NIL
2 Rs Crores
3 Rs Crores
4 Rs Crores
5 Rs Crores
6 Rs Crores
7 Rs Crores
8 Rs Crores
9 Rs Crores
10 Rs Crores
Total Rs Crores
116
Expenses Capitalised
Form No: F28
(Rs Crores)
2014-15 2015-16 2015-16 2016-17 2017-18 2018-19
Actual Till
December 2015
Estimated Projected
1 Interest & Finance
charges Capitalised
0.00
0.00 0.00 0.00 0.00
2 Employee expenses
0.00
0.63 0.85 1.30 1.65
3 A&G Expenses 0.00
0.06 0.06 0.07 0.07
4 Others, if any
Grand Total 0.00
0.69 0.91 1.37 1.72
MSPCL ARR & Tariff Petition for FY15-16
117
Income Tax Provisions
Form No: F29
(Rs Crores)
2014-15 2015-16 2015-16 2016-17 2017-18 2018-19
Actual Till
September 2015
Estimated Projected
1 Income Tax on the Retun on
Equity
2 As Per Return Filed For The
Year
3 As Assessed For
The Year
4
Credit/Debit Of Assessment
Year(s) (Give Details)
Total 0.00
0.39 0.78 1.55 2.72
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