MPERC TARIFF FORMS FY , FY , FY

Transcription

1 MPERC TARIFF FORMS FY , FY , FY

2 FORM 1 SUMMARY SHEET Name of the Petitioner Name of the Generation Station Place (Region/District/State) MB POWER (MADHYA PRADESH) LIMITED ANUPPUR THERMAL POWER PROJECT Rs Cr S.No. Particulars Unit Depreciation Form Interest on Loan Form 13A Return on Equity Form 1(i) Interest on Working Capital Form 13B O & M Expenses Compensation Allowance (If applicable) Special allowance (If applicable) Total Rs Crore Share of MP 30% Landed Fuel Cost (Domestic Coal) Rs/MT % of Fuel Quanitity % 100% 100% 100% 2.2 Landed Fuel Cost (Imported Coal) Rs/MT % of Fuel Quanitity % Secondary fuel oil cost Rs/Unit Energy Charge (Fuel) ex-bus (Paise/kWh) Rs/Unit

3 Statement showing claimed capital cost: Petitioner: Generating Station: Anuppur Thermal Power Station ( 2 x 600 MW) FORM- 1(I) Sl.No. Particulars Unit Opening Capital Cost Rs. Cr 4, , , Add: Addition during the year/ period Rs. Cr Less: Decapitalisation during the year/period Rs. Cr Less: Reversal during the year/period Rs. Cr Add: Discharges during the year/period Rs. Cr Closing Capital Cost Rs. Cr 5, , , Average Capital Cost Rs. Cr 5, , , Statement showing Return on Equity FORM- 1(II) Sl.No. Particulars Unit Opening Equity Rs. Cr Opening Equity Normative Add: Increase due to addition during the year/period Less: Decrease due to de-capitalisation during the year/period Less: Decrease due to reversal during the year/period Add: Increase due to discharges during the year/period Rs. Cr Rs. Cr Rs. Cr Rs. Cr Rs. Cr Closing equity Rs. Cr Average equity Rs. Cr Base rate of Return on Equity % 15.50% 15.50% 15.50% Tax Rate (MAT Rate) % % % % Rate of return on equity % % 19.71% 19.71% Return on equity Rs. Cr

4 Plant Characteristics Part-I FORM 2 Name of the Petitioner: Name of the Generating Station: Anuppur Thermal Power Station ( 2 x 600 MW) Unit(s)/Block(s) Parameters Unit-1 Unit-II Installed Capacity (MW) 600 MW 600 MW Schedule COD 5/20/2015 Nov 2015 Actual COD/Date of Taken Over (as applicable) 5/20/2015 4/7/2016 Pit Head or Non Pit Head Name of the Boiler Manufacture Name of Turbine Generator Manufacture Main Steams Pressure at Turbine inlet (kg/cm2) absl. Main Steam Temperature at Turbine inlet ( C)1 Reheat Steam Pressure at Turbine inlet (kg/cm2) 1 Reheat Steam Temperature at Turbine inlet ( C)1 Main Steam flow at Turbine inlet under MCR condition (tons/hr)2 Main Steam flow at Turbine inlet under VWO condition (tons/hr)2 Unit Gross electrical output under MCR /Rated condition (MW)2 Unit Gross electrical output under VWO condition (MW)2 Guaranteed Design Gross Turbine Cycle Heat Rate (kcal/kwh)3 Conditions on which design turbine cycle heat rate guaranteed % MCR % Makeup Water Consumption Design Capacity of Make up Water System Design Capacity of Inlet Cooling System Design Cooling Water Temperature (0C) Back Pressure Steam flow at super heater outlet under BMCR condition (tons/ hr) Steam Pressure at super heater outlet under BMCR condition) (kg/cm2) Steam Temperature at super heater outlet under BMCR condition (0C) Steam Temperature at Reheater outlet at BMCR condition (0C) Design / Guaranteed Boiler Efficiency (%) 4 Design Fuel with and without Blending of domestic/imported coal (Max/Min. Values) Type of Cooling Tower Type of cooling system 5 Type of Boiler Feed Pump 6 Fuel Details 7 -Primary Fuel -Secondary Fuel -Alternate Fuels Special Features/Site Specific Features Special Technological Features Environmental Regulation related features8 Any other special features Non-Pit Head Station M/S Harbin Boiler company Ltd. Turbine - M/S Harbin Turbine company Ltd % Ash (%) - 44/40, Moisture (%) - 16/12, Volatile Matter (%) - 26/20, Induced Draft Closed cycle Turbo Driven Coal LDO/ HFO

5 Normative Parameters Considered For Tariff Computation FORM 3 Name of the Petitioner: Name of the Generating Station: Anuppur Thermal Power Station (2 x 600 MW) Particulars Unit Guaranteed Design heat rate kcal/kwh Base Rate of Return on Equity % Tax Rate % % % % Target Availability % Auxiliary Energy Consumption % Gross Station Heat Rate kcal/kwh Specific Fuel Oil Consumption ml/kwh Cost of Coal/Lignite for WC in Months Cost of Main Secondary Fuel Oil for WC in Months Fuel Cost for WC in Months Not Applicable. Not Applicable. Not Applicable. Liquid Fuel Stock for WC in Months Not Applicable. Not Applicable. Not Applicable. O & M expenses in Months Maintenance Spares for WC % of O&M Charges 20% 20% 20% Receivables for WC in Months Storage capacity of Primary Fuel Prime lending Rate of SBI as on Basis point Blending ratio of domestic coal/imported coal %

6 Details of Foreign loans (Details only in respect of loans applicable to the project under petition) FORM- 4 Name of the Company Name of the Power Station 2 x 600 MW Anuppur Thermal Power Project S. No. Financial Year (Starting from COD) Date Amount (Foreign Currency) Exchange Rate Amount (Rs.) Date Amount (Foreign Currency) Exchange Rate Amount (Rs.) Date Amount (Foreign Exchang Currency) e Rate Amount (Rs.) Date Amount (Foreign Exchang Currency) e Rate Amount (Rs.) Total Loan in 'USD million million million million A.1 At the date of Drawl 2 14/12/ ,769, ,506, /01/ ,500, ,617,303, /2/ ,210, ,683,649, /03/2016 9,200, ,189, Scheduled repayment date of principal 1/5/ Scheduled payment date of interest 14/12/ /01/2016 1/2/ /03/ At the end of Financial year B In case of hedging 3 1 At the date of hedging 1/1/ ,769, ,771, /2/ ,500, ,609,399, /2/ ,210, ,691,241, /6/2016 9,200, ,759, Rate of Interest 11.10% 11.09% 11.13% 11.10% 2 Period of hedging 10 Years 10 Years 10 Years 10 Years 3 Cost of hedging

7 FORMAT 5 B Name of the Petitioner : MB POWER (MADHYA PRADESH) LIMITED Name of the Generating Station: ANUPPUR THERMAL POWER PROJECT S No Break Down Estimated Capital Expenditure as Submitted in Petition 19/2014 Total Estimated Capital Expenditure as per FS Capital Expenditure for Unit 1 as on 31st March 2016 as per FS Actual Cash Expenditure on COD of Unit 1 (upto 20th May 2015) As on As on Undischarged Liability/Provisions (+) Advances (-) as on COD of Unit-I Actual Cash Expenditure on for Unit-I Undischarged Liability/Provisions (+) Advances (-) as on for Unit-I A B C E F 1 Cost of Land & Site Development 1.1 Free Hold Land incl. R&R Lease Hold Land Sub Total- Land & Site Development Plant & Equipment 2.1 Boiler, Turbine & Generator 2, , , , , Coal Handling System Ash Handling System (0.71) 2.4 Water System Fuel Handling & Other Mechanical Systems (0.69) 2.6 Switchyard & Other Electrical Systems Control & Instrumentation Systems (0.26) 2.8 Taxes & Duties (CD, ED & Other taxes) Raw Water Reservoir (5.28) (5.28) 2.10 Temp. Construction & Enabling works (other Assets) Barrage (Barrage + Pump House+Raw Water Pipeline) Railway Siding (0.02) 2.13 Taxes on Barrage & Railway Siding Mandatory Spares (0.20) Sub Total - Plant & Machinery 4, , , , , Building & Civil Works General Civil Works for Main Plant Building, Plant Roads and Drains & Other Misc. Civil Works etc Raw Water Reservoir Township (Boundary Wall, Roads & Parking, External Sewarage, Residential Quarters etc) Ash dyke Other Buildings (Admin Building, canteen watch Towers, Fire Stations, Time Office, Security House, Drivers Rest Room/Helipad) + BOUNDARY WALL Temp. Construction & Enabling works (other Assets) Transportation & Insurance for Non EPC Supplies Taxes on Non EPC items Sub Total - Civil Works 1, Pre-Operative Expenses/Pre-Commissioning Expenses IDC, FC, FERV, Hedging Cost & Contingency 1, , , , , PROJECT COST (wot CD/ED Provision) 7, , , , , Custom & Excise Duty on Offshore/Onshore Equipments Total Capital Expenditure 8, , , , , FERV Losses charged to P&L Unamortized Cost to Borrowings TOTAL 8, , , , ,

8 Details of variables, parameters, optional package etc. for New Project FORM 5D Name of the Petitioner Name of the Generating Station 2 x 600 MW Anuppur Thermal Power Project Unit Size Number of Units 600 MW 2 in No. Greenfield Greenfield/Extension S. No. Variables 1 Coal Quality Calorific Value 3400 Kcal/kg 2 Ash Content 43% 3 Moisture Content 15% 4 Boiler Efficiency Suspended Particulate Matter mg/nm3 <=50 6 Ash Utilization As per applicable MOEF guidelines 7 Boiler Configuration Pulverised corner fired vertical boiler 8 Turbine Heat Rate CW Temperature Water Source Son River 11 Distance of Water Source 5.4 Km 12 Clarifier 2 (nos.) x 2030M 3 /hr 13 Mode of Unloading Oil Unloading by Tanker (by road) 14 Coal Unholding Mechanism Wagon Tippler / Track Hopper 15 Type of Fly Ash Disposal and Distance Lean Slurry / 4.5 kms 16 Type of Bottom Ash Disposal and Distance Lean Slurry / 4.5 kms 17 Type of Soil Blackish Brown Colour silty clay 18 Foundation Type (Chimney) Bored Cast In-Situ Piles 19 Water Table Design Water Table-1m below G.L. 20 Seismic and Wind Zone Zone-III, Basic wind velocity 39m/s 21 Condensate Cooling Method IDCT 22 Desalination/RO Plant NIL 23 Evacuation Voltage Level 400KV 24 Type of Coal (Domestic/Imported) Domestic (However any shortfall in reqiurement is proposed to meet through domestic/ e-auction / imported coal) Parameter/Variables Values Completion Schedule Terms of Payment Performance Guarantee Liability Basis of Price (Firm/Escalation-Linked) Equipment Supplier (Country of Origin) Optional Packages Desalination Plant/RO Plant MGR Railway Siding Unloading Equipment at Jetty Rolling Stock/Locomotive FGD Plant Length of Transmission Line till Tie Point (in km) Unit-1: 20th May 2015 Unit-2: 07th April, 2016 NA Lanco Infratech Limited (LITL) Firm 1. Steam generator - M/S Harbin Boiler Company Ltd., China 2. Steam turbine - M/S Harbin Turbine Company Ltd., China 3. Generator: M/S Harbin Generator Company Ltd., China Yes/No No. No Yes No 2nos. Of Diesel Loco No Nil (as power is evacuated at Plant bus-bar)

9 Financial Package upto COD FORM- 6 Name of the Petitioner Name of the Generating Station 2 x 600 MW Anuppur Thermal Power Project (Rs.Cr) Financial Package Financial Package S. no. Lender as Approved as on Project COD As Admitted on COD Currency and Amount3 Currency and Amount3 Currency and Amount A DEBT A.1 State Bank of India INR 1, INR 1, A.2 AXIS Bank INR INR A.3 SBOP INR INR - A.4 PTC INR INR A.5 L&T INR INR A.6 PNB INR INR - A.7 LIC INR INR A.8 Federal Bank INR INR A.9 SBBJ INR INR - A.10 PFC INR 1, INR 1, A.11 REC INR INR A.12 Additional Debt appraised INR 1, INR - A.13 IIFCL UK* INR - INR A.14 Normative Debt at 70% for Rs Cr INR INR DEBT 6, , Less: Provision for WCM (199.53) (199.53) DEBT (net off provision for WCM) 6, , B EQUITY B.1 Foreign - B.2 Domestic INR 2, INR 2, B.3 Normative Equity at 30% of Rs Cr INR INR B.4 Additional Equity INR - INR TOTAL EQUITY 2, , Less: Provision for WCM (70.47) (70.47) EQUITY (net off provision for WCM) 2, , Debt : Equity Ratio TOTAL CAPITAL COST 8, , Total Debt 6, , Total Equity 2, , *$ 150 M SANCTIONED FROM IIFCL UK

10 Details of Project Specific Loans FORM 7 Name of the Company Name of the Power Station MB POWER (MADHYA PRADESH) LTD. ANUPPUR Thermal Power station (2x600 MW) Particulars Source of Loan 1 SBI Axis Bank SBOP PTC-PFS L&T Infra PNB LIC Federal SBBJ PFC REC IIFCL UK Currency 2 Amount of Loan sanctioned (after downselling of loans) 1, INR , Interest Type 6 Fixed Interest Rate, if applicable Floating NA Base Rate, if Floating Interest (based on Bankers certificate upto Margin, if Floating Interest % 13.91% 14.50% 14.36% 14.07% 15.44% 13.24% 14.54% 15.58% 14.06% 13.10% 12.69% Are there any Caps/Floor 9 If above is yes,specify caps/floor Moratorium Period 10 6 months Moratorium effective from Repayment Period 11 Repayment effective from 10 years After the 6 months from the date of commercial operation of the station 1/5/2016 Repayment Frequency 12 Repayment Instalment 13,14 Base Exchange Rate 16 Are foreign currency loan hedged? Quarterly 40 Installements Yes If above is yes,specify details 17 NA FORM 4 * Based on Banker's Certificates of Outstanding Loans and Interest paid

11 Name of the Petitioner Name of the Generating Station Financing of Additional Capitalisation Anuppur Thermal Power Station (2 x 600 MW) Actual / Anticipated Admitted PART-I FORM TPS- 10 (Rs. Cr) Financial Year (Starting from COD) Year 1 FY Year 3 Year 4 Year 5 Year 1 Year 2 Year 3 Year 4 Year Amount Captalized in Work/Equipment Financing Details Loan Loan 2 Loan 3 & so on Total Loan 2 Equity* Internal Resources Others Total

12 Calculation of Depreciation FORM 11 Name of the Petitioner Name of the Generating Station Anuppur Thermal Power Station ( 2 x 600 MW) Sl. no. Name of the Assets1 Gross Block as on Gross Block as on Average Gross Block Depreciation Rates as per MPERC's Depreciation Rate Schedule Depreciation Amount for FY Land % - 2 Lease Hold Land % Civil & structure works , , % Plant & equipments 3, , , % TOTAL 4, , , Weighted Average Rate of Depreciation (%) 4.78%

13 Statement of Depreciation FORM 12 Name of the Petitioner Name of the Generating Station Anuppur Thermal Power Station ( 2 x 600 MW) Rs Cr Financial Year (Annualized) Opening Capital Cost Closing Capital Cost Average Capital Cost Freehold land Rate of depreciation 4.78% 4.78% 4.78% Depreciable value Balance useful life at the beginning of the period Remaining depreciable value Depreciation (for the period) Depreciation (annualized) Cumulative depreciation at the end of the period Net Cumulative depreciation at the end of the period

14 Calculation of Weighted average rate of Interest on Actual Loan Outstanding PART-I FORM- 13 Name of The Generating Company :- Name of The Power Station :- 2 x 600 MW Anuppur Thermal Power Project (Amount in Crs.) PTC India Financial Services Limited Opening Balance Addition of Loan Downselling of Loan Net Addition of Loan Closing Balance Average Loan Actual Interest Paid Rate of Interest 15.99% 13.68% 13.53% 14.59% 14.36% Power Finance Corporation Limited Opening Balance , Addition of Loan Downselling of Loan Net Addition of Loan Closing Balance , , Average Loan , Actual Interest Paid Rate of Interest 0.00% 0.00% 1.21% 11.29% 14.06% Rural Electrification Corporation Limited Opening Balance Addition of Loan Downselling of Loan Net Addition of Loan Closing Balance Average Loan Actual Interest Paid Rate of Interest 0.00% 0.00% 0.00% 14.50% 13.10% State Bank of Patiala Opening Balance Addition of Loan Downselling of Loan Net Addition of Loan Closing Balance Average Loan Actual Interest Paid Rate of Interest 17.97% 14.24% 14.80% 15.11% 14.50% SBBJ Opening Balance Addition of Loan Downselling of Loan Net Addition of Loan Closing Balance Average Loan Actual Interest Paid Rate of Interest 7.07% 15.41% 15.30% 15.07% 15.58% SBI Opening Balance , , Addition of Loan Downselling of Loan Net Addition of Loan Repayment of Loan Closing Balance , , , Average Loan , , Actual Interest Paid Rate of Interest 13.27% 13.16% 15.00% 14.02% 14.61%

15 Calculation of Weighted average rate of Interest on Actual Loan Outstanding PART-I FORM- 13 Name of The Generating Company :- Name of The Power Station :- PTC India Financial Services Limited 2 x 600 MW Anuppur Thermal Power Project (Amount in Crs.) Federal Bank Opening Balance Addition of Loan Downselling of Loan Net Addition of Loan Closing Balance Average Loan Actual Interest Paid Rate of Interest 7.41% 13.75% 14.50% 14.56% 14.54% L&T Opening Balance Addition of Loan Downselling of Loan Net Addition of Loan Closing Balance Average Loan Actual Interest Paid Rate of Interest 17.56% 13.83% 13.74% 14.30% 14.07% PNB Opening Balance Addition of Loan Downselling of Loan Net Addition of Loan Closing Balance Average Loan Actual Interest Paid Rate of Interest 13.96% 13.77% 13.49% 15.53% 15.44% AXIS Opening Balance Addition of Loan Downselling of Loan Net Addition of Loan Closing Balance Average Loan Actual Interest Paid Rate of Interest 14.83% 14.07% 15.89% 14.87% 13.91% LIC Opening Balance Addition of Loan Downselling of Loan Net Addition of Loan Closing Balance Average Loan Actual Interest Paid Rate of Interest 9.77% 14.47% 14.32% 13.72% 13.24% HPPPL Opening Balance Addition of Loan Downselling of Loan Net Addition of Loan Repayment of Loan Closing Balance Average Loan Actual Interest Paid Rate of Interest 0.00% 0.00% 0.00% 14.00% 14.00%

16 Calculation of Weighted average rate of Interest on Actual Loan Outstanding PART-I FORM- 13 Name of The Generating Company :- Name of The Power Station :- PTC India Financial Services Limited 2 x 600 MW Anuppur Thermal Power Project (Amount in Crs.) IIFCL-UK Opening Balance Addition of Loan Downselling of Loan Net Addition of Loan Closing Balance Average Loan Actual Interest Paid Rate of Interest 0.00% 0.00% 0.00% 0.00% 12.69% Total Opening Balance - 1, , , , Addition of Loan 1, , , , , Downselling of Loan Net Addition of Loan 1, , , , Repayment of Loan Closing Balance 1, , , , , Average Loan , , , , Actual Interest Paid Rate of Interest 13.89% 13.72% 12.43% 13.89% 13.27%

17 Calculation of Interest on Normative Loan FORM 13 A Name of the Company: Name of the Power Station: Anuppur Thermal Power Station ( 2 x 600 MW) Rs Cr Particulars Net Normative loan Opening 3, , , , Add: Increase due to addition during the year/period Less: Decrease due to de-capitalization during the year/ period - Add: Increase due to discharges during the year/period Less: Decrease due to reversal during the year/period Net Normative loan Closing 3, , , , Average Normative Loan 3, , , Weighted average Rate of Interest of actual Loans 13.27% 13.27% 13.27% Interest on Normative loan

18 FORM 13 B Calculation of Interest on Working Capital Name of the Company: Name of the Power Station: Anuppur Thermal Power Station ( 2 x 600 MW) Rs Cr Sl. No. Particulars Cost of Coal/Lignite Cost of Secondary Fuel Oil Fuel Cost Liquid Fuel Stock O & M Expenses Maintenance Spares Receivables Total Working Capital Working capital Margin as on Total Working Capital allowed Rate of Interest 12.80% 12.80% 12.80% 12 Interest on allowed Working Capital WCM funded by Debt as per FS % WCM funded by Equity as per FS % Interest on WCM funded by Long term loans 13.27% Return on WCM 19.71% Total Interest on Working Capital

19 Other Income FORM 13 C Name of the Company: Name of the Power Station: MB POWER (MADHYA PRADESH) LTD. ANUPPUR Thermal Power station (2x600 MW) Rs Cr Particulars FY FY Interest on Loans and advance - Interest received on deposits Income from Investment 1.87 Income from sale of scrap 0.04 Rebate for timely payment - Surcharge on late payment from beneficiaries - Rent from residential building - Misc. receipts (Please Specify Details) 0.02 Less: Transferred to direct expenditure incurred during construction period Gross Income Net Income 10.21

20 FORM 15 Details/Information to be Submitted in respect of Fuel for Computation of Energy Charges 1 Name of the Petitioner Name of the Generating Station MB POWER (MADHYA PRADESH) LTD. ANUPPUR Thermal Power station (2x600 MW) For preceding S No. Month Unit 3rd Month (from COD or from as the case may be ) Jan nd Month (from COD or from as the case may be ) Feb st Month (from COD or from as the case may be ) Mar FSA Non-FSA FSA Non-FSA FSA Non-FSA 1 Quantity of Coal/ Lignite supplied by Coal/Lignite Company (MMT) , ,871 94, ,891 87,701 2 Adjustment (+/-) in quantity supplied made by Coal/Lignite Company (MMT) 3 Coal supplied by Coal/Lignite Company (1+2) (MMT) 4 Normative Transit & Handling Losses (For coal/lignite based Projects) (MMT) 5 Net coal / LigniteSupplied (3-4) (MMT) 6 Amount charged by the Coal/Lignite Company (Rs.) 7 Adjustment (+/-) in amount charged made by Coal/ LigniteCompany (Rs.) 8 Total amount Charged (6+7) (Rs.) 9 Transportation charges by rail/ship/road transport ( Rs.) 10 Adjustment (+/-) in amount charged made by Railways/Transport Company ( Rs.) 11 Demurrage Charges, if any ( Rs.) 12 Cost of diesel in transporting coal through MGR system, if applicable ( Rs.) 13 Total Transportation Charges (9+/ ) ( Rs.) 14 Total amount Charged for coal/ supplied including Transportation (8+13) ( Rs.) 15 Landed cost of coal Rs/MT 2, , , , , , Blending Ratio (Domestic/Imported) 17 Weighted average cost of coal for preceding three months Rs./MT 18 GCV of Domestic Coal as per bill of Coal Company 19 GCV of Imported Coal as per bill Coal Company 20 Weighted average GCV of coal/ Lignite as Billed (kcal/kg) 21 GCV if Domestic Coal as received at Station (kcal/kg) 22 GCV if Imported Coal as received at Station (kcal/kg) 23 Weighted average GCV of coal as Received (kcal/kg) 3, ,615 3,524 3,621 3,515

21 Computation of Energy Charges (Additional form) Part-I Additional Form Name of the Company Name of the Power Station ANUPPUR Thermal Power station (2x600 MW) Description Unit Capacity MW NAPAF % 83% 83% 83% Gross Station Heat Rate Kcal/kWh Auxiliary Energy Consumption % 6.50% 6.50% 6.50% Energy Generation - Gross MU Auxiliary Energy Consumption MU Ex-bus Energy Sent Out MU Specific Oil Consumption ml/kwh Wt. Avg. GCV of Oil KCal/Lt Price of Oil Rs./KL Wt. Avg. GCV of Coal kcal/kg Price of Coal Rs./MT Heat Contribution from SFO Kcal/kWh Oil Consumption KL Heat Contribution from Coal Kcal/kWh Specific Coal Consumption kg/kwh Normative Transit Loss % 0.80% 0.80% 0.80% Coal Consumption MMT Total Cost of Oil Rs Cr Total Cost of Coal Rs Cr Total Fuel Cost Rs Cr Rate of Energy Charge from Secondary Fuel Oil ex-bus Rs/kWh Rate of Energy Charge from Coal ex-bus Rs/kWh Rate of Energy Charge ex-bus per kwh Paise/kWh