1. The Commission vide order dated 27.1.2021 in Petition No. 395/TT/2019 had revised the transmission tariff of 2004-2009 and 2009-2014 tariff periods, trued up the transmission tariff of the 2014-2019 tariff period and determined transmission tariff for the period from 1.4.2019 to 31.3.2024 in respect of the following assets under “Vindhyachal Stage-III Transmission System” in Western Region (hereinafter referred to as “the Transmission Project”):
Asset-I: Ckt-III of 400 kV D/C Vindhyachal-Satna transmission line along with associated bays.
Asset-II: 400/220 kV, 315 MVA ICT-II at Satna Sub-station.
Asset-III: Ckt-IV of 400 kV D/C Vindhyachal-Satna line along with associated bays.
Asset-IV: LILO of 400 kV Satna-Bina Ckt-I & II at Bina (Power Grid) Sub-station.
Asset-V: Circuit IV of 400 kV D/C Satna-Bina transmission line.
Asset-VI: Circuit III of 400 kV D/C Satna-Bina transmission line.
Asset VII: LILO of 400 kV D/C Raipur-Rourkela transmission line alongwith associated bays; and
Asset VIII: 400/220 kV 315 MVA ICT-II along with associated bays equipment at Raigarh Sub-station.
2. In order to rectify certain inadvertent errors that have crept in the said order dated 27.1.2021 in Petition No. 395/TT/2019, this corrigendum order is being passed.
2. Certain inadvertent errors have been observed in the order dated 27.1.2021 in paragraph 15 pertaining to the tariff allowed for the transmission assets in earlier orders and in paragraph 16 which gives the details of the transmission tariff claimed by the Petitioner.
3. These inadvertent errors are being rectified in the present corrigendum order in exercise of powers under Regulation 103A of the Central Electricity Regulatory Commission (Conduct of Business) Regulations, 1999.
4. Accordingly, the following changes are being made to the order dated 27.1.2021.
i) Tables under paragraph 15 are revised as follows:
(Rs. in lakh)
Asset-I
Particulars
2006-07
2007-08
2008-09
Depreciation
244.94
502.02
508.91
Interest on Loan
549.68
1098.29
1071.21
Return on Equity
392.12
803.56
813.98
Advance against Depreciation
0.00
0.00
0.00
Interest on Working Capital
31.41
64.01
65.13
O&M Expenses
46.98
97.50
101.61
Total
1265.13
2565.38
2560.84
(Rs. in lakh)
Asset-II
Particulars
2006-07
2007-08
2008-09
Depreciation
23.91
58.23
59.09
Interest on Loan
38.89
91.39
87.89
Return on Equity
27.70
67.44
68.43
Advance against Depreciation
0.00
0.00
0.00
Interest on Working Capital
3.57
8.74
8.95
O&M Expenses
50.70
126.52
131.60
Total
144.78
352.32
355.96
(Rs. in lakh)
Asset-III
Particulars
2006-07
2007-08
2008-09
Depreciation
56.12
168.36
169.07
Interest on Loan
122.68
358.43
345.76
Return on Equity
86.55
259.65
260.80
Advance against Depreciation
0.00
0.00
0.00
Interest on Working Capital
7.58
22.79
23.10
O&M Expenses
31.32
97.50
101.61
Total
304.25
906.73
900.34
(Rs. in lakh)
Asset-IV
Particulars
2007-08
2008-09
Depreciation
89.25
102.60
Interest on Loan
157.27
183.78
Return on Equity
112.56
135.58
Advance against Depreciation
0.00
0.00
Interest on Working Capital
14.55
16.20
O&M Expenses
126.90
131.99
Total
500.53
570.16
(Rs. in lakh)
Asset-V
Particulars
2007-08
2008-09
Depreciation
318.37
446.37
Interest on Loan
708.34
958.14
Return on Equity
495.56
692.17
Advance against Depreciation
0.00
0.00
Interest on Working Capital
49.21
68.05
O&M Expenses
99.58
138.31
Total
1671.06
2303.04
(Rs. in lakh)
Asset-VI
Particulars
2007-08
2008-09
Depreciation
103.11
188.35
Interest on Loan
226.56
396.51
Return on Equity
155.79
281.05
Advance against Depreciation
0.00
0.00
Interest on Working Capital
17.03
30.34
O&M Expenses
77.45
138.31
Total
579.94
1034.56
(Rs. in lakh)
Asset-VII
Particulars
2007-08
2008-09
Depreciation
57.28
244.57
Interest on Loan
100.05
453.73
Return on Equity
72.71
312.70
Advance against Depreciation
0.00
0.00
Interest on Working Capital
9.22
39.27
O&M Expenses
73.50
305.83
Total
312.76
1356.10
(Rs. in lakh)
Asset-VIII
Particulars
2007-08
2008-09
Depreciation
6.79
43.33
Interest on Loan
11.14
73.37
Return on Equity
7.92
50.55
Advance against Depreciation
0.00
0.00
Interest on Working Capital
1.43
9.00
O&M Expenses
21.09
131.60
Total
48.37
307.85
ii) Tables under paragraph 16 are revised as follows:
(Rs. in lakh)
Asset-I
Particulars
2006-07
2007-08
2008-09
Depreciation
244.94
502.02
508.91
Interest on Loan
554.84
1141.02
1157.18
Return on Equity
392.12
803.56
813.98
Advance against Depreciation
0.00
0.00
0.00
Interest on Working Capital
31.68
66.21
68.43
O&M Expenses
46.98
97.50
101.61
Total
1270.55
2610.31
2650.11
(Rs. in lakh)
Asset-II
Particulars
2006-07
2007-08
2008-09
Depreciation
23.91
58.23
59.09
Interest on Loan
39.33
95.87
97.40
Return on Equity
27.70
67.44
68.43
Advance against Depreciation
0.00
0.00
0.00
Interest on Working Capital
3.59
8.92
9.25
O&M Expenses
50.70
126.52
131.60
Total
145.23
356.99
365.77
(Rs. in lakh)
Asset-III
Particulars
2006-07
2007-08
2008-09
Depreciation
56.12
168.36
169.07
Interest on Loan
123.49
370.48
372.12
Return on Equity
86.55
259.65
260.80
Advance against Depreciation
0.00
0.00
0.00
Interest on Working Capital
7.59
23.25
23.86
O&M Expenses
31.32
97.50
101.61
Total
305.07
919.24
927.46
(Rs. in lakh)
Asset-IV
Particulars
2007-08
2008-09
Depreciation
89.25
102.60
Interest on Loan
161.14
195.92
Return on Equity
112.56
135.58
Advance against Depreciation
0.00
0.00
Interest on Working Capital
14.88
17.43
O&M Expenses
126.90
131.99
Total
504.74
583.52
(Rs. in lakh)
Asset-V
Particulars
2007-08
2008-09
Depreciation
318.37
446.37
Interest on Loan
718.56
1004.80
Return on Equity
495.56
692.17
Advance against Depreciation
0.00
0.00
Interest on Working Capital
49.81
70.82
O&M Expenses
99.58
138.31
Total
1681.88
2352.46
(Rs. in lakh)
Asset-VI
Particulars
2007-08
2008-09
Depreciation
103.11
188.35
Interest on Loan
229.27
414.08
Return on Equity
155.79
281.05
Advance against Depreciation
0.00
0.00
Interest on Working Capital
17.23
31.60
O&M Expenses
77.45
138.31
Total
582.86
1053.39
(Rs. in lakh)
Asset-VII
Particulars
2007-08
2008-09
Depreciation
57.28
244.57
Interest on Loan
100.70
470.09
Return on Equity
72.71
312.70
Advance against Depreciation
0.00
0.00
Interest on Working Capital
9.27
40.81
O&M Expenses
73.50
305.83
Total
313.46
1374.01
(Rs. in lakh)
Asset-VIII
Particulars
2007-08
2008-09
Depreciation
6.79
43.33
Interest on Loan
11.19
75.90
Return on Equity
7.92
50.55
Advance against Depreciation
0.00
0.00
Interest on Working Capital
1.43
9.24
O&M Expenses
21.09
131.60
Total
48.42
310.63
5. Except for the above, all other terms contained in the order dated 27.1.2021 in Petition No. 395/TT/2019 remain unchanged.