Karnataka Power Transmission Corporation Limited

Transcription

1 Karnataka Power Transmission Corporation Limited

2 Table of Contents 1. Director s Report Comments of the C & AG of India Auditor s Report and Replies Balance Sheet Profit & Loss Account Schedules Karnataka Power Transmission Corporation Limited, Annual Report

3 BOARD OF DIRECTORS List of Directors (As on the date of AGM) Sl. No. Name Particulars 1 Kum. Shobha Karandlaje Chairperson, KPTCL 2 Sri P. Ravikumar Managing Director 3 Smt. Shamim Banu M. Director 4 Sri. K. Jothiramalingam Director 5 Sri. Yogendra Tripathi Director 6 Sri. L.V. Nagarajan Director 7 Sri. I.S.N. Prasad Director 8 Sri. N.C. Muniyappa Director 9 Sri. P. Manivannan Director 10 Dr. Aditi Raja Director (Finance) 11 Sri. S. Pratap Kumar Director (Transmission) 12 Sri. Yashavanth V Director (Adm & HR) 13 Sri. S. Shivamallu Director 14 Sri. L. Ravi Director 15 Sri. M. Nagaraju Director COMPANY SECRETARY Sri. R. Sridhara FINANCIAL ADVISER Sri. K.R. Jayaprakash STATUTORY AUDITORS M/s. Rao and Swami Bangalore COST AUDITORS M/s KPR & Associates Bangalore 3 Karnataka Power Transmission Corporation Limited, Annual Report

4 DIRECTORS REPORT Dear Members, The Board of Directors of Karnataka Power Transmission Corporation Limited (KPTCL) have immense pleasure in presenting the 12 th Annual Report for the year and the Audited Accounts of the Company for the year ended March 31 st HIGHLIGHTS KPTCL is one of the best Transmission utility in Country having least transmission loss of 3.82 % Total Transformation capacity available in the KPTCL network is MVA KPTCL has a robust network with total transmission capacity of MW Total Energy Handled in the Grid during is MU KERC has awarded incentive to KPTCL for having System reliability of 99.70% KPTCL is the fi rst utility in the country to have SCADA in all Sub-Stations. First step towards Smart grid. Total number of existing Sub-Stations in the State is 945 Total length of Transmission Line existing is Ckms During the year State had recorded maximum Peak Demand of 7815 MWs In order to strengthen the grid and to evacuate new Generation planned in 12 th Plan, KPTCL has planned to establish 338 New Sub-Stations at total capital investment of Rs 12,000 Crores. Two 765 kv Sub-Stations at Raichur and Tumkur are proposed to be established during 12 th plan period. Seven Gas insulated Sub-stations planned for Bangalore city. Bangalore is only city in the country to have 400kV, 220kV and 66kV GIS sub-stations in the Country. Karnataka Power Transmission Corporation Limited, Annual Report

5 follows: ENERGY & DEMAND FORECAST: Energy and Demand Forecast as per 17 th EPS for the State of Karnataka is as Year Energy in MUs Demand in MWs Karnataka Power Transmission Corporation Limited, Annual Report

6 TRANSMISSION LOSS: (in %) FINANCIAL POSITION The Financial Position of the Company for the three Years ending 31st March 2011 is as follows: - (Rs. In Lakhs) Sl. No. Liabilities Particulars a) Paid Up Capital (Including Share Deposit) b) Reserves & Surplus c) Borrowings Government of Karnataka Public Bonds Private Bonds Financial Institutions Cash Credit from Banks Other Funds Karnataka Power Transmission Corporation Limited, Annual Report

7 Sl. No. d) Current Liabilities & Provisions (including Interest Accrued & Due) Total Assets e) Gross Block f) Less Depreciation g) Net Block h) Capital Work in Progress I) Current Assets, Loans & Advances j) Miscellaneous Expenditure Total Capital Employed Net Worth Note: 1. Capital Employed represents Net Fixed Assets including Capital work in progress plus working capital 2. Net Worth represents paid up capital plus Reserves & Surplus less Intangible Assets Working Results follows: Sl. No. The working results of the Company for the three years ending 31st March 2011 are as Particulars I) Profi t (+) / Loss (-) for the year ii) Prior Period Adjustments iii) Profi t (+) / Loss (-) before Tax iv) Tax Provision v) Profi t (+) / Loss (-) after Tax vi) Particulars Percentage of Profi t before tax to: a) Sales b) Gross Fixed Assets c) Capital Employed Karnataka Power Transmission Corporation Limited, Annual Report

8 Sl. No. vii) Particulars Percentage of Profi t after tax to: a) Net Worth b) Equity Capital c) Capital Employed CAPACITY ADDITION PROGRAMME BY KPTCL: Voltage Class kv kv kv kv kv Total Transmission Capacity in MWs Karnataka Power Transmission Corporation Limited, Annual Report

9 DETAILS OF NEW STATIONS AND TRANSMISSION LINES COMMISSIONED AND AUGMENTATION WORKS CARRIED OUT DURING KPTCL, being the State Transmission Utility has been planning to put in place the best System. KPTCL has planned construction of several new stations and augmenting the existing sub-stations during the next couple of years. Year on year, in addition to augmentation, several new stations and lines are commissioned. Following list gives details for the current year on this count: a. Zone-wise Details of New Substations Commissioned during the year under report are as follows: Sl. MVA Total Voltage Date of District Station Name No. added MVA Class in KV Commission Bangalore Transmission Zone 1 B lore Urban Sir_MV_Layout 2 X / B lore Urban Anand Rao_Circle (One Transformer commissioned) 2 X / Ramanagara Chikkagangawadi 1 X / B lore Rural Apparel park KIADB (One Transformer 2 X / commissioned) 5 B lore Rural Thyamagondlu 2 X / B lore Rural T_Begur (One 1 X 12.5 Transformer 1 X 8 commissioned) / Bangalore Urban Suryanagar_KHB 1 X / Bangalore Urban Brigade Gateway_ station (DCW) 2X / B lore Urban REMCO (GIS) 2X / B lore Urban East Division Compound 2X150 2X / Ramanagara Gudemaranahalli 2X / Bangalore Urban Abbigere 2X / Bagalkot Transmission Zone 13 Belgaum Ghataprabha 2X / X10 110/ Bijapur Babeleshwar 1X / Bagalokot Kudala sangama 1X / Karnataka Power Transmission Corporation Limited, Annual Report

10 Sl. No. District Station Name MVA added Total MVA Voltage Class in KV Date of Commission 16 Belgaum MK_Hubli 2X100 1X / / Gulbarga Transmission Zone 17 Bellary Banavikal 1 X / Bellary Choranur 2 X / Koppal Hiregonnagar 1X10 1X /11 110/ Raichur Dadesugur 2X / Hassan Transmission Zone 21 Shimoga Essur_SMG 1X / Shimoga Mallapura 1X / Mysore Transmission Zone 23 Kodagu Suntikoppa 1 X / Mysore Sindhuvallipura 1 X / Kodagu Madikeri 1 X / Mandya Mahadeshwarapura 1 X / Mandya Bannangadi 1 X / Chamarajanagar Terakanambi 2 X / Mysore Vajamangala 2X75 1X /66 66/ Mandya Adichunchanagiri 1X / Mysore Jyothinagar 2X / Kodagu Kushalnagar 2X100 1X / Tumkur Transmission Zone 33 Tumkur Heggere 1 X / Tumkur Thimmasandra 2X / Davanagere Obajjihalli 1X / Tumkur Baktharahalli 1X / Karnataka Power Transmission Corporation Limited, Annual Report

11 b. Zone-wise details of Transmission Lines Commissioned during the year under report are as follows: Sl. No. Particulars District Length of line in CKMs. Date of Bangalore Transmission Zone 1 Construction of 66 KV UG cable from proposed Kengeri Satellite town S/S at Sir_MV_Layout S/S B lore Urban 66 KV KV 1000 Sqmm single core UG cable from Anandrao Circle to R/s NRS at Anand Rao Circle S/S B lore Urban 220 KV KV 1000 Sqmm UG Cable line from Peenya 220 KV Stn. at Peenya S/S B lore Urban 66 KV KV UG cable from 220 KV A Station to A station at Ananda Rao Circle_Evacuation S/S B lore Urban 66 KV KV SC line on DC towers from Jalamangala with a TB at Chikkagangawadi S/S 66 KV Cnstruction of 66 KV LILO line from D.B.Pura KIADB SC line to proposed Apparel Park S/S B lore Rural 66 KV KV SC line on DC towers from Nelamangala- Dobbaspet line at Thyamagondlu S/S B lore Rural 66 KV KV tap line from Nelamangala- Dobbaspet SC line at T-Begur S/S B lore Rural 66 KV Construction of 66 KV LILO line from 66 KV Yerandanahalli _Anekal DC line to 66/11 KV S/S Suryanagar. B lore Urban 66 KV kv LILO UG Cabel from NRS to Brigade Gateway Station B lore Urban 66 KV Construction of 220 KV line from Anand 11 Rao Circle to EDC (4.02kms), EDC to Nimhans (4.93 kms) and HAL to East Division B lore Urban 220 KV Compound 7.90 kms KV 1000Sq mm XLPE cable UG cable (2 Kms) from Vrushabavathi S/S to GIS S/S (REMCO Line) B lore Urban 66 KV Karnataka Power Transmission Corporation Limited, Annual Report

12 Running 66 kv, 630 sq mm. UG cable from B lore 13 cable terminating structure NH7 to proposed 66 KV Urban Attibele S/S kv tap line from Anchepalya-magadi line Ramanagara 66 KV Construction of 66 kv LILO line from one of the Peenya D>G Plant 66 kv 3&4 DC line for a distance of kms (Abbigere) B lore Urban 66 KV Bagalkot Transmission Zone i) Construction of 220 KV MC & DC line passing through KIADB land in front of Narendra 220 KV Station ii) 220 KV DC towers passing through KIADB land infront of 220 KV Narendra Station 110 KV DC towers passing through KIADB land in front of 220 KV Narendra Station Construction of 220 kv DC line from 400kV Narendra S/S to MK Hubli Station Construction of 220 kv DC line from 400kV Narendra S/S to Ghataprabha S/S 110 kv link line from 220 kv S/s Ghataprabha to Mudalagi S/s Ckt 1 and ckt 2 to Gokak line kms, (& 3.68 kms) Construction of 110 KV line with TB (Bableshwar line) Dharwad 220 KV Dharwad 110 KV Belgaum 220 KV Belgaum 220 KV Belgaum 110 KV Bijapur 110 KV Construction of 110 KV DC line to Renebennur 220 KV station to Guttal 110 KV station Haveri 110 KV KV SC line on DC towers from 110 KV Mache S/S kms Belgaum 110 KV Running 110 kv UG cable betn Tower no 4&5 of Mache to Udyambag (0.705 km) Belgaum 110 KV Construction of 110 kv line (4.624 kms) (Kudala sangamma) Bagalkot 110 KV Gulbarga Transmission Zone KV DC line with TB at Banavikal Bellary 66 KV KV SC line from Kudligi - Chornur S/S Bellary 66 KV Karnataka Power Transmission Corporation Limited, Annual Report

13 KV SC line from proposed Hanumasagar S/s, kms with 110 KV Terminal Bays 110 kv LILO line from Sindhanur- Shiraguppa line (Dadesugur) Koppal 110 KV Raichur 110 KV Hassan Transmission Zone Construction of balance stretch of 220 KV DC line between limits of Hulical ridge and Varahi switch yard at Varahi S/S 110 kv SC tap line on DC towers tapping from Shiralkoppa-Shikaripura line 66 kv SC line from Davanagere-Shimoga line-1 (Mallapura) Shimoga 220 KV Shimoga 110 KV Shimoga 66 KV Mysore Transmission Zone KV DC line from Kushalnagar to Madikeri with a SC LILO at Suntikoppa S/S Construction of 66 KV SC tap line on DC towers from Nanjangur-Begur-Gundlupet line at Sindhuvallipura S/S 66 KV DC line from Kushalnagar to Madikeri with a SC LILO at Suntikoppa in Madikeri S/S LILO arrangement to proposed Bherya Station & Construction of TB at Bherya S/S 66 KV DC line from Vajamangala to M-1 line towards FTS at Vajamangala_Evacuation_ Line1 66 KV DC line from Vajamangala to M-1 line towards SFC at Vajamangala_Evacuation_ Line2 66 KV DC line from Vajamangala to M-2 line towards FTS at Vajamangala_Evacuation_ Line3 66 KV DC line from Vajamangala to M-2 line towards SFC at Vajamangala_Evacuation_ Line4 Kodagu 66 KV Mysore 66 KV Kodagu 66 KV Mysore 66 KV Mysore 66 KV Mysore 66 KV Mysore 66 KV Mysore 66 KV Karnataka Power Transmission Corporation Limited, Annual Report

14 KV SC line on DC towers from Tubinakere- Melukote line at Mahadeshwarapura S/S 66 KV SC tap line on DC towers from Pandavapura-KR Pet line at Bannangadi S/S 66 KV SC Tap line on DC towers from chamarajnagar - Gundlupet line to Terakanambi 66/11KV S/S. 66 Kv SC tap line on DC tower from 66 kv Anchepalya-BG Nagar 66 KV LILO line kms b)66kv SC line on DC towers Kms with TB at Santhebachahalli & Jakkanahali Construction of 220 kv LILO line from Hootagalli-TK Halli SC line to Vajamangala Station Construction 66 kv line from FTS-SFC line 0.2 km (Jyothinagar) Mandya 66 KV Mandya 66 KV Chamaraja nagar 66 KV Mandya 66 KV Mandya 66 KV Mysore 220 KV Mysore 66 KV Construction of 220 kv line from Basthipura to Kushalnagar Kodagu 220 KV Conversion of S/C to D/C line (Begur line) Chamaraja nagar 66 KV Tumkur Transmission Zone KV LILO line from Anchepalya- Mallasandra SC line at Heggere S/S Construction of 66 kv DC line from Challakere S/S to Tallak Tap point. Construction of 66 KV LILO line from existing 66 KV Hebbur-Melekote SC line to proposed S/S 66 kv SC lin on DC towers from DVG harapanahalli line 110 kv DC line from proposed 220/110 kv Nittur S/s to link existing KG Temple line for a distance of kms 66 kv SC line from existing 66 kv Anchepalya Hebbur CKT kms (Bhaktarahalli) Tumkur 66 KV Chitradurga 66 KV Tumkur 66 KV Davanagere 66 KV Tumkur 110 KV Tumkur 66 KV Karnataka Power Transmission Corporation Limited, Annual Report

15 c) Zone-wise details of AUGMENTATION OF STATIONS during the year under report are as follows: Sl. No. Name District Voltage Class Capacity MVA Added Date of Commission Bangalore Transmission Zone 1 Brindavan B lore Urban 66 KV Additional 3rd 1 X 20 MVA Transformer, with TB at SRS Peenya Yerendanahalli Replacement of 2x20 Bangalore 66 KV MVA by 2x31.5 MVA, Urban 66/11 Kv Transformer Replacement of 3 Gokula Bangalore 2X12.5 MVA, 66/11 66 KV Urban KV Trs. By 2x20 MVA Transformer Replacement of 4 Nangli Kolar 66 KV 1x12.5 MVA by 1x20 MVA Transformer Replacement of Srinivasapura Kolar 66 KV MVA by 20 MVA Transformer Replacement of Tayalur Kolar 66 KV MVA by 12.5 MVA Transformer Replacement of Sidlagatta C.B.Pura 66 KV MVA by 20 MVA Transformer Baglkot Transmission Zone Gadag Gadag 110 KV 9 PH-Compound Dharwad 110 KV 10 Ainapur Belgaum 110 KV Replacement of 2 X 10 MVA Transformers by 2 X 20 MVA Transformers Additional 1 X 10 MVA Transformer Replacement of 1 X 10 MVA Transformer by 1 X 20 MVA Transformer Karnataka Power Transmission Corporation Limited, Annual Report

16 11 H Hidkal Belgaum 110 KV Additional 1X10 MVA Transformer 12 Haliyal Uttara Additional 1X10 MVA 110 KV Kannada Transformer Gulbarga Transmission Zone Replacement of 1 X 13 HB_Halli Bellary 66 KV 8 MVA Transformer by 1 X 12.5 MVA Transformer 14 Valkamdinni Raichur 110 KV Additional 1X10 MVA Transformer 15 Manna-Ek- Providing additional Bidar 110 KV Khelli 1x10 MVA Transformer 16 Gulbarga west Gulbarga 110 KV Providing additional 1x10 MVA Transformer Replacement of 1x10 17 Shorapur Yadgir 110 KV MVA by 1x20 MV Transformer 18 Shorapur_ Additional 1X10 MVA Yadgir 110 KV aug_1 Transformer Hassan Transmission Zone 19 Manipal Udupi 110 KV 20 Talaguppa Shimoga 400 KV 21 Shivani Chickmagalur 110 KV 22 Bharangi Shimoga 110 KV 23 Muthinakoppa Chickmagalur 110 KV 24 Bhadravathi 2 Shimoga 110 KV Replacement of 2 X 10 MVA Transformers by 2 X 20 MVA Transformers Providing 3rd 315 MVA transformer Additional 1 X 10 MVA Transformer Additional 1 X 10 MVA Transformer Additional 1 X 10 MVA Transformer Replacement of 1x10 MVA by 1x20 MV Transformer Karnataka Power Transmission Corporation Limited, Annual Report

17 Mysore Transmission Zone 25 Halagur Mandya 66 KV 26 Chikkamandya Mandya 66 KV 27 Hanur Chamaraja nagar 66 KV Additional 1 X 8 MVA Transformer Additional 1 X 8 MVA Transformer Replacement of 8 MVA by 12.5 MVA 66/11 kv Transformer Tumkur Transmission Zone 28 Venkatapura Tumkur 66 KV 29 Handanakere Tumkur 110 KV Additional 1 X 8 MVA Transformer Additional 1 X 10 MVA Transformer ABSTRACT OF MAJOR WORKS PROGRESS UPTO THE END OF (a) NEW STATIONS COMMISSIONED : MARCH [ ] Sl. No. Voltage Class Progress upto the end of March 2011 Nos. MVA KV KV KV KV TOTAL (b) AUGMENTATION OF STATIONS : Sl. No. Voltage Class Progress upto the end of March.2011 Nos. MVA KV KV KV KV TOTAL Karnataka Power Transmission Corporation Limited, Annual Report

18 (c) TRANSMISSION LINES COMMISSIONED:- Sl. No. Voltage Class Progress upto the end of March.2011 Nos. CKMs KV KV KV KV TOTAL LOAD DISPATCH The State Load Dispatch Centre is the nerve centre for the planning, operation, monitoring and control of power system. Essential activities of Load Dispatch are : (a) Pre-dispatching activities including scheduling of generation and operational planning. (b) Real time dispatch. (c) Continuous monitoring for the healthiness of the system. (d) Taking appropriate preventive as well as corrective action to deal with the system emergencies Karnataka Power Transmission Corporation Limited, Annual Report

19 (e) Post-dispatch activities relating to system performance for effi cient operation of the power system The State Load Dispatch centre has to closely monitor the control of the frequency, voltage, tie line fl ows, economic generation, switching operations etc. to achieve maximum security and effi ciency. TENDERING AND PROCUREMENT During the year , KPTCL has procured various equipments like, Power Transformers, switchgears, Circuit Breakers, Current Transformers, Isolators, Potential Transformers CVTs, Insulators, Transformer oil required for augmenting the installed capacities in sub stations, besides other associated equipment like Battery Chargers, Battery Sets for replacement of deteriorated batteries in stations. In addition to this, testing and measuring equipments like fl ash point apparatus, on line DC Earth fault locators, Interface tension meter, transformer winding resistance meter etc., required for meeting day to day needs of Relay Testing and R&D Wings has also been procured. Further, 11 KV Switchgears especially required for implementation of Niranthara Jyothi Schemes in ESCOM s for putting up independent and dedicated 11 KV feeders for catering the loads of both lighting and motive power installations of the villages on 24 hrs basis, were also procured. Further during the year KPTCL has awarded many works related to construction of new stations and lines of 66 KV, 110KV, 220 KV and 400KV voltage class covering 46 stations and Kms of 66/110/220 KV Over Head including UG cable lines on total turnkey basis of the order of Rs lakhs. Amongst the works awarded above, the specialized works included are : a) b) c) Establishing 220KV GIS Sub-Station at EPIP and 66/11KV GIS Station at kanteerava stadium. Providing additional 400KV, 500MVA Transformers at 400KV Nelamangala and Hoody Stations. Providing 400KV 63MVAR Bus reactors at 400KV Guttur, Talaguppa, Nelamangala and Hoody stations. 19 Karnataka Power Transmission Corporation Limited, Annual Report

20 d) Laying of 66KV 1000 sqmm UG cable in Bangalore city from 1) 2) 3) 4) 5) 6) Vishwabharathi School to 66KV/11KV Station 220KV A Station to 66/11KV Kanteerava Stadium 66/11KV BMTC to 66/11KV National College 220KV Nimhans Station to 66/11KV Jayanagar Station 220KV EPIP GIS station to 66/11KV Kadugodi 220KV Vikas Tech Park to 66/11KV Devarabesanahalli and Cessna Park station. Following is an abstract of Award of works & Procurment during the fi nancial year WORKS:- Procurement of works during the year No. of Tenders floated Amount in Rs. Lakhs Works involving 66KV GIS Station 2 Nos. 66KV Air insulated Stations 16Nos. 66 O.H. Lines 95.1 Kms. 66KV UG cable kms. 110KV and below works KV TBs 3 Nos. 110KV Air insulated Stations-19 Nos. 110KV OH Lines Kms. 110KV UG cable kms. 110KV TBs 11 Nos. 400KV 500MVA Additional Transformers 2 Nos. 220KV Air insulated Stations -2Nos. 220KV GIS station 1 No. 220KV & above works KV R&M Works 1 Nos. 220KV O.H Lines Kms. 66KV O.H Lines Kms. 66KV TBs 1 No. Karnataka Power Transmission Corporation Limited, Annual Report

21 No. of Tenders awarded Amount in Rs. Lakhs Works involving 66KV GIS Station 1 No. 66KV Air Insulated Stations 20Nos. 66KV O.H. Lines Kms. 110KV and below works kv Air insulated Stations 21 Nos. 110KV O.H. Lines Kms. 66KV UG cable Kms. 66KV TB -1No 110KV TBs. 17 Nos. 400KV 500MVA Additional Transformers 2 Nos. 400KV Reactors-4Nos. 220KV Air insulated Stations 3 Nos. 220KV & above works KV GIS station- 1 No 220KV O.H. Lines Kms. 66 KV O.H. Lines kms. 220KV R&M Works-1 No. 66 KV TBs. 1 Nos. 2. GOODS:- Procurement of Goods during the year Descriptions Power Transformers, Circuit Breakers, Current Transformers, Battery Sets, Battery Chargers, Testing Equipments, 11 KV Switchgears, Isolators, PTs, CVTs Insulators, Transformer oil, fl ash point apparatus, online DC earth fault locator, Interface tension meter Transformer winding resistance meter, Toshiba E Studio 305 Digit copier ext.,and Vehicles. Amount in Works involving Rs. Lakhs Station capacity augmentation, replacements and testing and measuring activities etc., 21 Karnataka Power Transmission Corporation Limited, Annual Report

22 The total cost towards procurement of works, goods and services during the year is Rs lakhs. FOREST WING During the year , State Government Orders were issued for handing over the corridor in forest areas for fi ve Transmission lines viz., 1) Basthipur to Kushalanagar 2) Kushalanagar to Periyapatna 3) Puttur to Karaya 4) Kundapura to Navunda 5) Substation at Magadi. During the year, Ministry of environment and forests of Government of India issued Stage-II approval to Malur-Somanahalli Transmission line and in principle approval (stage-i) has also been accorded for three Transmission lines viz., 1) Vajramatti to Manthur, 2) Hassan to Melagodu and 3) Hassan to Nandikur. CIVIL During the year under report a sum of Rs lakhs have been spent as civil works and Rs Lakhs have been spent as Revenue Expenditure on civil works. A sum of Rs lakhs have been spent during the year for construction of KPTCL Training Institute at Hoody Bangalore. RELAY AND TESTING: Total Nos of stations existing under each RT Circle at the end of FY are as follows: RT Circle 400kV 220kV 110kV 66kV Total RT Circle,Bangalore RT Circle,Hassan RT Circle,Hubli RT Circle,Gulbarga Total Pre-commissioning tests of new stations conducted during the Year RT Cirle Stations commissioned 400kV 220 kv 110kV 66kV New Bays commissioned New IPP commissioned RT Circle, Bangalore RT Circle,Hassan RT Circle,Hubli RT Circle,Gulbarga Total Karnataka Power Transmission Corporation Limited, Annual Report

23 41 numbers of new Stations commissioned during the year Testing and commissioning of 9 new IPP installations were carried out during the year. Testing and commissioning works of 72 numbers of new Bays of different voltage classes were carried out in existing Stations. Details of Testing and Commissioning works related to enhancement of station capacity by augmentation works, adding additional transformers in existing stations, repairs of faulty transformers carried out either through external agency or departmentally. Name of the RT Cirle Enhancement Additional Transformer commissioned Transformers repaired during the year No. of major Breakdowns attended Bangalore Hassan Hubli Gulbarga Total Details of periodical calibration works carried out by the RT Divisions of various RT circles for the year RT Cirle Relays Meters IPP installations EHT consumers RT Circle, Bangalore RT Circle, Hassan RT Circle, Hubli RT Circle, Gulbarga Total Details of capacitance, Tan test conducted by the RT Divisions of various RT circles for the year RT Cirle Current Transformer CVT Bushings Transformer Windings RT Circle, Bangalore RT Circle,Hassan RT Circle,Hubli RT Circle,Gulbarga Total Karnataka Power Transmission Corporation Limited, Annual Report

24 Details of power transformers repaired during the year Sl. No Power Transformer failed at Voltage class in KV Capacity in MVA Make Repaired by Remarks I RT Circle, Bangalore 1 66/11kV Amara Jyothi 66/11 20 BBL M/s BBL, Mumbai Commissioned at Apparel Park 2 220/66kV Hoody 66/ BBL, 4934/7 M/s BBL, Mubai Commissioned at Sarakki MUSS 3 220kV Honnali 220/ CGL M/s KK Rao Commissioned at Anchepalya Station 4 220/66/11kV SRS, Peenya 220/66/ CGL CGL Repaired by fi rm and the transformer is un loaded at Peenya Station 5 66/11kV Punab Gatta 66/ EMCO M/s EMCO Allotted to Mallasandra MUSS 6 220/66/11kV SRS, Peenya 220/66/ CGL M/s ABB Commissioned at 220kV Davanagere Station 7 220/66/11kV Hoody 66/ Victory M/s Victory Commissioned at Hoody Station II RT Circle, Hassan 1 Banavara 110/11 20 Indotech Departmentally 4 Belagola 66/ RIMA M/s RIMA Repaired at station and diverted to 110/11kV MUSS, Badhravathi Repaired and commissioned at Belagola III RT Circle, Hubli 1 110KV Ugar 110/ MVA NGEF Departmentally 2 110KV Ron 110/11 10MVA Voltamp Departmentally 3 110KV Kudachi 110/ MVA NGEF Departmentally Commissioned at 110KV S/s Savalgi Allotted to 110KV S/s Navanagar Allotted to 220KV R/s Sirsi [Else] Karnataka Power Transmission Corporation Limited, Annual Report

25 4 110KV H- Hidkal 110/ MVA NGEF M/s KK Rao Engineering Works, Hyderabad 5 110KV Moratagi 110/33 10MVA GEC Departmentally Commissioned at 110KV S/s Athani Allotted to 110KV S/s Gopanakoppa, Hubli IV RT Circle,Gulbarga 1 110kV Aland 110/33 10MVA APEX 2 110kV Yadgir 110/11 10MVA APEX 3 220kV Humanabad 110/11 10MVA APEX M/s KK Rao Engineering Works, Hyderabad M/s KK Rao Engineering Works, Hyderabad M/s KK Rao Engineering Works, Hyderabad Commissioned at 110kV Alanad Commissioned at 110kv Manna-E-Kheli Commissioned at 110kV Gulbarga West REGULATORY AFFAIRS 1. Transmission Tariff: KPTCL fi led Transmission Tariff application for the second MYT period i.e from FY to on Commission issued Transmission Tariff Order on , approving the Transmission charges for the Years , and as under Amt in Rs. Crs Particulars ARR Filed ARR Approved Transmission Tariff Rs/Mw /month The above transmission tariff for is effective from KPTCL furnished views/ comments on the Draft Regulation on Power procurement from Renewable Energy Sources and Renewable energy Certifi cate frame work. KERC has issued the fi nal regulation on the subject matter on 16 th March Based on the above regulation, KERC also notifi ed, SLDC as the State Agency for Accreditation of Renewable Energy Generators for the purpose of Renewable Energy Certifi cates. 25 Karnataka Power Transmission Corporation Limited, Annual Report

26 4. Petitions: 49 petitions and 13 review petitions were fi led before KERC during FY , out of which 45 petitions and 11 review petitions were fi nalised and orders were passed during HUMAN RESOURCES AND DEVELOPMENT In the emerging power sector scenario, it is utmost necessary to equip the human capital to face the challenges of today & tomorrow. All endeavors have been made for developing human resources, so as to ensure contribution from one & all for organizational development through various Training Programmes. Large numbers of need based training programmes have been arranged successfully. For specialized and focused programmes, offi cers / employees were deputed for training in various reputed institutions. Important Administrative orders issued during are as follows: Appointments in 270 cases under compassionate grounds under Group C and D were issued in KPTCL/ ESCOMs during the year Probationary Mazdoors working in KPTCL/ESCOMs were converted as Junior Lineman by creation of Supernumerary posts vide Order No: KPTCL/ B16/ 4313/ dated: , , , , , & Order No. KPTCL/B5(c)/721/vol2/ dated: according approval for sanction of compensation of a lump sum amount of Rs lakh as ex-gratia as one time fi nancial benefi t to the dependent of Probationary Mazdoor who dies due to electrical accident while on duty w.e.f Karnataka Power Transmission Corporation Limited, Annual Report

27 Appointment orders were issued to selected candidates for 532 posts of Assistant Engineer (Elec.) during June 2010 and for 581 Junior Engineer (El) during September 2010 & for 17 posts of Assistant Accounts Offi cer during February 2011 & who were recruited against Employment Notifi cation No. KPTCL/B16/3439/08-09 dated: Order No. KPTCL/B16/B59/9792/09-10 dated: where in approval was accorded for grant of two advance increments to such of those directly recruited Assistant Executive Engineer/Assistant Engineer who acquires/acquired Post Graduation/Doctorate degrees in fi eld of Engineering after joining the service and to those recruited as AAO who acquires/acquired Doctorate degrees in the fi eld of Finance or Accounts after joining the service in KPTCL/ ESCOMs. Order No. KPTCL/B16/3593/98-99 dated: enhancing the ceiling limit of Retirement Gratuity/Death Gratuity Payable on retirement/death of an employee from Rs lakh to Rs lakh to those of the employees who cease to be in service on account of retirement/death on or after Order No. KPTCL/B16/4682/06-07 dated: enhancing the monthly remuneration payable to physically challenged Revenue Assistants (working on contract basis) for those with B.A/B.sc/B.com/L.L.B qualifi cation from Rs. 3500/- p.m to Rs. 4500/- p.m and for those with S.S.L.C qualifi cation from Rs. 2500/- to Rs. 3500/- p.m. CORPORATE GOVERNANCE KPTCL believes transparency, responsibility, accountability and fairness in all aspects of its operations. Board of KPTCL believes and supports Corporate Governance Practices ensuring observance of best practices in all its dealings. As on 31 st March 2011, the Board of Directors comprised of 15 members. All the Directors take active part in the proceedings of Board and Sub- Committee meetings which add value to the decision making process. Board Meetings: The Governance process in the company includes an effective post- meeting followup, review and reporting process for action taken/pending on decisions of the Board, Board Sub-committees. 27 Karnataka Power Transmission Corporation Limited, Annual Report

28 The meetings of the Board of Directors are scheduled in advance for which notice is given to each Director in writing. The Agenda and other relevant notes are circulated to the Directors well in advance. During , a total number of Three Board meetings took place. Board Sub-Committees: The Sub-Committees of the Board were constituted not only to give more focused attention on important issues but also to expedite decisions on such issues. The Board has delegated certain specifi c powers to some of the Sub-committees towards speeding up decisions. 1. Central Purchases Committee: Central purchases Committee was formed to consider all cases of purchases whether for Transmission Zone, Projects or award of Station/Line Works or any other works and all matters relating to purchases which are beyond the powers delegated to the Chief Engineers, Electricity and within a fi nancial implication of Rs. 20 Crores. The composition of the Central Purchases Committee is as follows: Managing Director, KPTCL Director (Finance), KPTCL Director(Transmission), KPTCL Company Secretary, KPTCL Chairman of the Sub-Committee Member Member Convener The concerned Chief Engineers will be the Coordinating Offi cers. During the year, CPC meetings were held as follows: Sl No. Held on 1 Combined Central Purchases Committee Meeting of KPTCL held on 2 nd, 3 rd, 5 th and 6 th July Name of the Meeting th Tendering & Procurement st Transmission Zone, Bangalore th Transmission Zone, Mysore nd Transmission Zone, Bagalkote th Transmission Zone, Gulbarga th Transmission Zone, Hassan th Transmission Zone, Tumkur Karnataka Power Transmission Corporation Limited, Annual Report

29 2 Central Purchases Committee th Tendering and Procurement Meeting of 110 th T&P KPTCL held on 9 th September Combined Central Purchases Committee Meeting of KPTCL held on 12 th October and adjourned to 27 th November 2010, 2nd December 2010, 8th December 2010 and 24 th December th Tendering & Procurement nd Transmission Zone, Bangalore th Transmission Zone, Mysore rd Transmission Zone, Bagalkote th Transmission Zone, Gulbarga th Transmission Zone, Hassan th Transmission Zone, Tumkur 4 Combined Central Purchases Committee Meeting of KPTCL held on Tuesday the 18 th January 2011 and Wednesday the 19 th January th Tendering & Procurement rd Transmission Zone, Bangalore th Transmission Zone, Mysore th Transmission Zone, Bagalkote th Transmission Zone, Gulbarga th Transmission Zone, Hassan th Transmission Zone, Tumkur 5 Central Purchases Committee Meeting of 113 th Tendering & Procurement, KPTCL held on 14 th February 2011 and adjourned to 21 st February Combined Central Purchases Committee Meeting of KPTCL held on 9 th March 2011 and adjourned to 22 nd March th Transmission Zone, Bangalore th Transmission Zone, Mysore th Transmission Zone, Bagalkote th Transmission Zone, Gulbarga th Transmission Zone, Hassan th Transmission Zone, Tumkur 7 Combined Central Purchases Committee Meeting of KPTCL held on 28 th and 29 th March th Tendering & Procurement th Transmission Zone, Bangalore st Transmission Zone, Mysore th Transmission Zone, Gulbarga th Transmission Zone, Hassan th Transmission Zone, Tumkur 29 Karnataka Power Transmission Corporation Limited, Annual Report

30 2. Borrowings Sub Committee: The Borrowings Sub-Committee has been delegated powers to borrow Long Term Loans from Banks/Financial Institutions on behalf of the Board from time to time. The sub-committee consists of the following members: Principal Secretary to Govt., Energy Department, GoK Principal Secretary to Govt., Finance Department, GoK Managing Director, KPTCL Director (Finance), KPTCL During the year under report, the Borrowing Sub-Committee held the following meetings: Sl. No. For Availing Finance from Amount Rs. in Crores Held on 1 M/s. Bank of India, K.G. Road Branch Rs Crores M/s. Indian Bank, K.G.Road Branch, Bangalore Rs Crores M/s. Vijaya Bank, K.G.Road Branch, Bangalore Rs Crores Rs Crores, 4 M/s. Corporation Bank, M/s. Panjab & Sind Bank & M/s. Canara Bank Rs Crores & Rs Crores respectively. 5 M/s. Vijaya Bank, K.G.Road Branch, Bangalore Rs. 300 Crores Audit Committee: In accordance with the new section 292(A) of Companies Act, 1956, KPTCL has constituted an Audit Committee in the interest of good corporate governance. The composition of the Audit Committee is as follows: 1 Principal Secretary, GoK, Energy Dept. (By name) Chairman/Chairperson 2 Principal Secretary, GoK, Finance Dept.(By name) Member 3 Sri P. Manivannan, Director, KPTCL Member 4 Director (Transmission), KPTCL. (By name) Member Company Secretary, KPTCL Convener Karnataka Power Transmission Corporation Limited, Annual Report

31 During the year under report, the Audit Committee held its meeting on Audit Committee considers and recommends the fi nancial results to the Board. Statutory Auditors are invited to attend the meeting. The committee also invites the Director (Finance), Financial Adviser (Accounts & Resources) and Financial Adviser (Internal Audit) to be present at the meeting. SPORTS: KPTCL Sports Organisation has completed Inter Company Sports activities for the year by conducting all the events at 5 (Five) Centers namely at Bellary, Mysore, Davangere, Hubli and Shimoga. This year Five disciplines were included such as Billiards, Hockey, Yoga, Swimming and Throwball in the Inter-Company tournaments. Our Teams participated in the AIESCB Tournaments in the following events: Men Section :- Bodybuilding, Powerlifting, Athletics, Volleyball, Hockey INTERNATIONAL LEVEL PARTICIPATION & ACHIEVEMENTS BODYBUILDING: Sri Roshan Ferrao, Body Builder of MESCOM, Represented India in the Asia Pecifi c Fitness Championship-2010 held at Roratunga, Cook Island, New Zealand during Aug.2010 and secured Gold medl & also got Mr. Asia Pacific-2010 Title. Sri G.S. Ananda Krishna, Sports Offi cer represented India as a Team Manager in the Asia Pecifi c Fitness Championship-2010 held at Roratunga, Cook Island, New Zealand during Aug Sri Roshan Ferrao, Body Builder of MESCOM, represented India in the WEBBA Championship-2010 held at Germany during Dec NATIONAL LEVEL PARTICIPATION & ACHIEVEMENTS BODYBUILDING: Our Team secured Over-all Championship FIRST place in the 37th AIESCB Tournament held at Jabalpur (M.P.) Sri Roshan Ferrao, Body Builder, got VIDHYUTH SHREE Title for the 7 TH TIME IN SUCCESSION. POWERLIFTING: Our Team secured for the fi rst time Over-all Championship Second place in the 37th AIESCB Tournament held at Jabalpur (M.P.) 31 Karnataka Power Transmission Corporation Limited, Annual Report

32 KABADDI : Sri A. Kiran, KPTCL represented Karnataka in the Kabaddi National Championships held at Chennai (T.N.) Sri A. Kiran, KPTCL represented Karnataka in the Kabaddi National Super Leaque Championships. CRICKET : KPTCL Sports Organisation Cricket Team retained for the year in KSCA League matches in Group-II Division-1. BILLIARDS : Sri D. Rajkumar, KPTCL Participated in Various National Championships and State Ranking Tournaments and secured places. WOMEN SPORTS TENNIKOIT : Smt. Nanda, Smt. Poornima and Smt. Gowramma represented Karnataka State team and participated in the 35 th Senior National Championship-2010 held at Chennai (T.N.). The Management of KPTCL is encouraging for promotion of Sports in the organisation. All the Sports persons are taking lot of interest in participation in the International, National and State level tournaments, through which they brought laurels to our organisation. The Sports Section is taking keen interest in bringing awareness and importance of Sports, Cultural activities and health consciousness among the employees and offi cers for executing their day-to-day work in effective and effi cient manner. STATUTORY AUDITORS C & AG of India have appointed M/s. Rao & Swami, Bangalore as Statutory Auditors for auditing the Accounts of KPTCL for the Financial Year COST AUDITORS Ministry of Corporate Affairs, Govt. of India have approved appointment of M/s KPR & Associates as Cost Auditors for auditing the cost accounts of KPTCL for the Financial Year PARTICULARS OF EMPLOYEES UNDER SECTION 217(2A) The information under section 217(2A) of Companies Act, 1956 read with Company (Particulars of Employees) Rules, 1976 may be taken as NIL. Karnataka Power Transmission Corporation Limited, Annual Report

33 DIRECTORS RESPONSIBILITY STATEMENT Pursuant to the requirement under section 217(2A) of the Companies Act, 1956 with respect of Directors Responsibility Statement, it is hereby confi rmed that: In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures; Accounting policies have been selected and applied consistently and judgments and estimates are made that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the fi nancial year and of the profi t or loss of the company for that period; Proper and suffi cient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the company and for preventing and detecting frauds and other irregularities; and Annual accounts have been prepared on a going concern basis. 33 Karnataka Power Transmission Corporation Limited, Annual Report

34 ACKNOWLEDGEMENTS The Board of Directors would like to place on record its appreciation for all the support and guidance extended by the Government of Karnataka, Government of India, Karnataka Electricity Regulatory Commission, Central Electricity Authority, Central Electricity Regulatory Commission, Power Finance Corporation Ltd., Rural Electrifi cation Corporation, Karnataka Renewable Energy Development Ltd., Commercial Banks & other fi nancial institutions, Ministry of Corporate Affairs, Registrar of Companies and the General Public for their co-operation and active support to KPTCL. The Board of Directors would also like to place on record its appreciation for the untiring efforts and contributions made by the employees at all levels to ensure that the company continues to grow and excel. For & on behalf of the Board Sd/- CHAIRPERSON Karnataka Power Transmission Corporation Limited, Annual Report

35 BALANCE SHEET ABSTRACT AND COMPANY S GENERAL BUSINESS PROFILE (Pursuant to part IV of schedule - VI of the Company Act-1956) Registration details Registration No State Code 8 Balance Sheet date Capital Raised during the year (Amount in Rs.thousands) Public Issue Nil Right Issue Nil Bonds Issue Nil Private placement Nil Position of mobilization & deployment of Funds (Amount in Rs.thousands) Total Liabilities Total assets Sources of Funds (Amount in Rs.thousands) Paid up Capital Secured Loan Share deposit UnSecured Loans Reserves & Surplus Other Funds Application of Funds (Amount in Rs.Thousands) Net Fixed Assets Investments Nil CWIP Misc.Exp Net current Assets Performance of Company (Amount in Rs.thousands) Turnover Total Expenditure Profi t before Tax Profi t after Tax 8693 Earnings per share in Rs Dividend rate % Nil Name of three principal / services of Company Item code No. Product description Nil Transmission of Electricity For Rao & Swami Chartered Accountants Sd/- (K.R.JAYAPRAKASH) Financial Adviser(A&R) Sd/- Sd/- Sd/- Sd/- (N.RAMESH) ( R.SRIDHARA) (ADITI RAJA) (P.RAVIKUMAR) Partner Company Secretary Director (Finance) Managing Director Membership No Place: Bangalore Date: 5 th September Karnataka Power Transmission Corporation Limited, Annual Report

36 COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 619(4) OF THE COMPANIES ACT, 1956 ON THE ACCOUNTS OF KARNATAKA POWER TRANSMISSION CORPORATION LIMITED, BANGALORE, FOR THE YEAR ENDED 31st MARCH The preparation of fi nancial statement of Karnataka Power Transmission Corporation Limited, Bangalore, for the year ended 31st March 2011 in accordance with the fi nancial reporting framework prescribed under Companies Act, 1956 is the responsibility of the management of the Company. The statutory auditors appointed by the Comptroller and Auditor General of India under Section 619(2) of the Companies Act, 1956 are responsible for expressing opinion on these fi nancial statements under section 227 of the Companies Act, 1956 based on independent audit in accordance with the auditing and assurance standards prescribed by their professional body the Institute of Chartered Accountants of India. This is stated to have been done by them vide their Audit Report dated 5th September I, on behalf of the Comptroller and Auditor General of India, have conducted a supplementary audit, under section 619(3)(b) of the Companies Act, 1956, of the fi nancial statements of Karnataka Power Transmission Corporation Limited, Bangalore for the year ended 31st March This supplementary audit has been carried out independently without access to the working papers of the statutory auditors and is limited primarily to inquiries of the statutory auditors and company personnel and a selective examination of some of the accounting records. On the basis of my audit nothing signifi cant has come to my knowledge which would give rise to any comment upon or supplement to Statutory Auditors report under section 619(4) of the Companies Act, For and on behalf of the Comptroller & Auditor General of India Sd/- (D.J. BHADRA) PR. ACCOUNTANT GENERAL (CIVIL & COMMERCIAL AUDIT) KARNATAKA, BANGALORE BANGALORE Dated: 24 September 2011 Karnataka Power Transmission Corporation Limited, Annual Report

37 Rao & Swami, No. 2/1, Connaught Road Chartered Accountants Bangalore Fax : 91(080) AUDITORS REPORT TO THE MEMBERS OF KARNATAKA POWER TRANSMISSION CORPORATION LIMITED We have audited the attached Balance Sheet of Karnataka Power Transmission Corporation Limited ( the Corporation ), as at 31 st March 2011, the Profi t and Loss Account and also the Cash Flow Statement for the year ended on that date, annexed thereto. These fi nancial statements are the responsibility of the Corporation s Management. Our responsibility is to express an opinion on these fi nancial statements based on our audit. The Corporation is governed by the provisions of The Electricity Act, 2003 read with the related rules and regulations. The application of the said Act is in consonance with the provisions of Section 616(c) of The Companies Act, 1956 ( the Act ). Accordingly, the Corporation has compiled the accounts, adopting the principles and policies as enunciated in the Electricity Supply Annual Accounts Rules, 1985 ( ESAAR ). 1. We have conducted our audit in accordance with Auditing Standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the fi nancial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the fi nancial statements. An audit also includes assessing the accounting principles used and signifi cant estimates made by the Management, as well as evaluating the overall fi nancial statements presentation. We believe that our audit provides a reasonable basis for our opinion. 2. Our Notes on Accounts are detailed in Annexure 1 3. As required by the Companies (Auditor s Report) Order, 2003 issued by the Central Government of India in terms of section 227(4A) of the Companies Act, 1956, we 37 Karnataka Power Transmission Corporation Limited, Annual Report