Transcript Queries raised by Director (Tariff) on ARR and Tariff

Queries raised by Director
(Tariff) on ARR and BSP
Application of
GRIDCO for FY 2010-11
on
09.02.2010
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Energy Demand:
In the absence of any
communication from the DISCOMs, GRIDCO has
considered the energy demand of 20,846 MU for
DISCOMs based on the five year Business Plan
starting from FY 2008-09 submitted before the
Commission for approval. However, the DISCOMs in
their submission have projected 22,005.10 MU for
the FY 2010-11. The views of GRIDCO on DISCOMs’
submission of higher energy demand may be
furnished along with the prospective plan for meeting
such excess energy demand of DISCOMs.
Status of revised PPA of OPGC : As per Govt. of
Orissa,
Energy
Department
Notification
dtd.21.06.2008, OPGC and GRIDCO have to file the
revised/ amended PPA to OERC for approval which
should be effective from 1st April, 2007. The status of
filing of amended PPA in OERC may please be
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furnished by GRIDCO.
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Fixed cost of TTPS: GRIDCO has
proposed total fixed cost (FC) of
Rs.275.66 cr. taking into account the
recent NTPC filing before CERC
(Rs.217.39 cr.) and revised O&M (as
per new CERC Tariff Regulation, 2009)
to the tune of Rs.58.27 cr. Since CERC
is yet to finalise the revised FC of TTPS
as per new tariff norms, the reason for
considering the higher fixed cost may
be furnished.
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CERC has finalized the Terms and Conditions of Tariff
Regulation, 2009 for the next five year period starting from
1st April, 2009 to 31st March, 2014. Since the new tariff
Order for individual station has not yet been finalized by
CERC, GRIDCO has considered the fixed cost for the
Central Thermal Generating Stations as approved by CERC
for the respective stations for FY 2008-09 in its ARR
application for FY 2010-11. But in addition to fixed cost,
GRIDCO has considered the income tax of Rs.94.22 cr for
TSTPS Stage-I, Rs163.72 cr for TSTPS Stage-II, Rs.108.36
cr for FSTPS and Rs.51.68 cr for KHTPS Stage-I as
additional capacity charge which has not been supported by
CERC Regulation, 2009. GRIDCO may explain how the
same shall be considered in the ARR of 2010-11.
Arrear BSP Dues: The Commission had fixed the BSP for
2009-10 taking into consideration Rs.170 cr to be recovered
from CESU & SOUTHCO towards arrear BSP dues. The
amount recovered from them till date may be submitted.
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UI & Trading: The Commission had allowed a gap of
Rs.882.85 crore including repayment liability of
Rs.245.16 crore in its Tariff Order dt.20.03.2009 to be
bridged by earnings from UI and Trading and recovery
of receivables from DISCOMs over and above the
aforesaid mentioned Rs.170 crore. The latest position in
this regard may be furnished.
Miscellaneous Receipts: GRIDCO in its ARR for 201011 has shown an amount of Rs.4.20 crore towards
receivables from NALCO & ICCL on account of supply
of 10 MU emergency power under the head
Miscellaneous Receipt. It is observed from Performance
Review for the year 2008-09 and 2009-10 (upto
September’ 09) that GRIDCO has earned Rs.48.73
crore & Rs.73.78 crore by supplying emergency power
of 144.42 MU & 175.95 MU respectively to NALCO &
ICCL. GRIDCO may clarify the reason for projecting a
low quantum of the order of 10 MU of emergency power
supply to NALCO & ICCL and the resultant low
Miscellaneous Receipts for FY 2010-11.
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Single-Part Vs Two-Part BSP: Some objectors
have opposed the single part tariff proposed by
GRIDCO and are in favour of a two-part tariff.
Views of GRIDCO in this regard may be furnished.
PPAs for OHPC Old Power Stations: PPA for
Rengali Hydro Electric Project has already been
vetted by the Commission with observations for
certain modifications. OHPC & GRIDCO were
asked to submit the modified Rengali PPA along
with the PPAs for Hirakud, Balimela and Upper
Kolab Hydro Electric Projects in line with Rengali
PPA. The same have not yet been submitted till
date. GRIDCO should expedite for early
submission of the PPAs for the said power
stations to the Commission.
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GRIDCO in Schedule 6 of the audited accounts
for 2008-09 has shown an amount of Rs.962.30
cr. towards receivable for a period exceeding
six months prior to 31.03.2009. Details of such
debts along with the upto date status of
recovery may be furnished.
The cash flow for the FY 2009-10 (upto
December, 2009) reveals loan receipt of Rs.900
cr. and during FY 2008-09 the loan receipt is
shown at Rs.300 cr. Hence the total loan works
out to Rs.1200 cr. upto December, 2009. Given
the fact that GRIDCO has no fixed asset of its
own, what is the type of security given by
GRIDCO to financial institutions for obtaining
such loan? Whether for obtaining the above
loans Govt. guarantee has been obtained?
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