MPERC TARIFF FILING FORMS UNIT -1 (TRUE UP PETITION) (For Financial Years: 2017-18 & 2018-19)
FORM-TPS-1 SUMMARY SHEET Place Anuppur, Madhya Pradesh S. No. Particulars Remarks 2017-18 2018-19 (1) (2) (3) (7) (8) 1.1 Depreciation FORM-TPS-12 213.29 217.80 1.2 Interest on Loan FORM-TPS-13A 356.80 336.94 1.3 Return on Equity FORM-TPS-1(I) 188.10 192.07 1.4 Interest on Working Capital FORM-TPS-13B 57.96 58.10 1.5 O & M Expenses 103.80 110.28 1.6 Cost of Secondary Fuel Oil - - 1.7 Compensation Allowance (If applicable) - - 1.8 Special allowance (If applicable) - - Total - Annual Capacity (Fixed) Charges 919.95 915.19 Number of Days in Operation 365 365 AFC for Number of Days in Operation 919.95 915.19 Less: Other Income 4.32 2.00 Net AFC (after adjusting Other Income) 915.63 913.19 MP's Share of AFC 30% 274.69 273.96 2.1 Landed Fuel Cost (Domestic Coal) Rs/MT 2,708 2,708 % of Fuel Quanitity % 100 100 2.2 Landed Fuel Cost (Imported Coal) Rs/MT - - % of Fuel Quanitity % - - 2.3 Secondary fuel oil cost Rs/Unit 0.014 0.014 Energy Charge Rate ex-bus Rs/Unit 1.917 1.917
FORM 1(I) - Statement Showing Claimed Capital Cost S. No. Particulars 2017-18 2018-19 1 2 4 5 Opening Capital Cost 4,303.40 4,441.99 Add: Addition during the year/ period 138.59 46.09 Less: Decapitalisation during the year/period Less: Reversal during the year/period Add: Discharges during the year/period Closing Capital Cost 4,441.99 4,488.07 Average Capital Cost 4,372.69 4,465.03 FORM 1(II) - Statement Showing Return on Equity S. No. Particulars 2017-18 2018-19 1 2 4 5 Opening Equity 1,194.32 1,232.78 Add: Increase due to addition during the year/period 38.46 12.79 Closing equity 1,232.78 1,245.57 Average equity 1,213.55 1,239.17 Base rate of Return on Equity 15.500% 15.500% Tax Rate (MAT Rate) 0.000% 0.000% Rate of return on equity 15.500% 15.500% Return on equity 188.10 192.07
TPS FORM 2: PLANT CHARACTERISTICS MB POWER (MADHYA PRADESH) ANUPPUR THERMAL POWER PROJECT Unit(s)/ Block(s)/ Parameters Unit-I Unit-II Installed Capacity (MW) 600 MW 600 MW Schedule COD 20-May-15 19-Nov-15 Actual COD/Date of Taken Over (as applicable) 20-May-15 7-Apr-16 Pit Head or Non Pit Head Name of the Boiler Manufacture Name of Turbine Generator Manufacture Main Steams Pressure at Turbine inlet (kg/cm 2 ) abs Main Steam Temperature at Turbine inlet ( C) Reheat Steam Pressure at Turbine inlet (kg/cm 2 ) Reheat Steam Temperature at Turbine inlet ( C) Main Steam flow at Turbine inlet under MCR condition (tons/hr) Main Steam flow at Turbine inlet under VWO condition (tons/hr) Unit Gross electrical output under MCR /Rated condition (MW) Unit Gross electrical output under VWO condition (MW) Guaranteed Design Gross Turbine Cycle Heat Rate (kcal/kwh) 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 ( C) 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 (oc) Steam Temperature at Reheater outlet at BMCR condition (oc) Design / Guaranteed Boiler Efficiency (%) Design Fuel with and without Blending of domestic/imported coal (Max/Min. Values) Non-Pit Head Station M/s. Harbin Boiler Company Ltd. M/s. Harbin Turbine Company Ltd. 166.7 538 32.64 538 1945.70 100 0 33 86.10% Ash (%) - 44/40, Moisture (%) - 16/12, Volatile Matter (%) - 26/20, Gross Clorific Value (Kcal/kWh) - 3800/3200 Type of Cooling Tower Type of cooling system Type of Boiler Feed Pump Fuel Details -Primary Fuel -Secondary Fuel -Alternate Fuels Special Features/Site Specific Features Special Technological Features Environmental Regulation related features Any other special features Induced Draft Closed Cycle Turbo Driven Coal LDO/ HFO
FORM-TPS-3 NORMATIVE PARAMETERS CONSIDERED FOR TARIFF COMPUTATION Particulars Unit 2017-18 2018-19 (1) (2) (5) (6) Base Rate of Return on Equity % 15.50 15.50 Effective Tax Rate % 0.000% 0.000%# Normative % 85.00 85.00 Auxiliary Energy Consumption % 5.75 5.75 Gross Station Heat Rate kcal/kwh 2,361.51 2,361.51 Specific Fuel Oil Consumption ml/kwh 0.50 0.50 FOR WORKING CAPITAL CORRESPONDING TO NORMATIVE ANNUAL PLANT AVAILABILITY FACTOR Cost of Coal for generation in Days 30 30 Cost of coal towards Stock in Days 30 30 Cost of Main Secondary Fuel Oil for WC in Months 2 2 O & M expenses in Months 1 1 Maintenance Spares for WC % of Annual O&M 20 20 Expenses Receivables for WC in Months 2 2 Storage capacity of Primary Fuel in Days 30.00 30.00 SBI Base Rate + 350 basis points as on 01.04.2016 % 12.80 12.80 Blending ratio of domestic coal/imported coal % # Petitioner craves leave to claim tax as applicable as a part of the true-up Petition for FY 2018-19.
FORM-TPS-5 ABSTRACT OF ADMITTED CAPITAL COST Particulars Remarks Last date of order of Commission for the project 6-Sep-18 Reference of petition no. in which the above order was passed 11 of 2018 Following details (admitted/considered) as on 31.03.2016 as approved in above order by the Commission - Capital Cost 4,303.40 - Amount of un-discharged liabilities included in above (& forming part of admitted capital cost) - - Amount of un-discharged liabilities corresponding to above admitted capital cost (but not forming part of admitted capital cost being allowed on cash basis) - - Gross Normative Debt 3,109.08 - Cumulative Repayment 378.17 - Net Normative Debt 2,730.91 - Normative Equity 1,194.32 - Cumulative Depreciation 378.17 - Freehold Land 40.16
FORM-TPS-9A S. No. STATEMENT OF ADDITIONAL CAPITALISATION for FY 2017-18 Head of Work / Equipment ACE Claimed (FY 2017-18) Regulations Accrual Basis Cash Basis (3-4) under which claimed Un-discharged Liability (included in col. 3) IDC (included in col. 3) Justification Cost admitted by the Commission, if any (1) (2) (3) (4) (5) (6) (7) (8) (9) Discharges of un-discharged liabilities (138.59) 138.59 Regulation 20.1 (i) of MPERC Regulations 2015 - (138.59) 138.59 - -
FORM-TPS-9A S. No. STATEMENT OF ADDITIONAL CAPITALISATION FOR FY 2018-19 Head of Work / Equipment ACE Claimed (Projected) Regulations Accrual Basis * Cash Basis (3-4) under which claimed Un-discharged Liability (included in col. 3) IDC (included in col. 3) Justification Cost admitted by the Commission, if any (1) (2) (3) (4) (5) (6) (7) (8) (9) Discharges of un-discharged liabilities (46.09) 46.09 Regulation 20.1 (i) of MPERC Regulations 2015 * FY yet to be concluded - (46.09) 46.09 - -
FORM-TPS-9C STATEMENT SHOWING RECONCILIATION OF ACE CLAIMED WITH THE CAPITAL ADDITIONS AS PER BOOKS S. Particulars 2017-18 2018-19 * No. (1) (2) (5) (6) 1 Auditor Certified Cash Capital Cost - Closing 8,161.77 2 Less: Auditor Certified Cash Capital Cost - Opening 7,835.12 3 Total Additions as per books (On cash basis) 326.65-4 Less: Additions pertaining to Unit-2 188.06 5 Net Additions pertaining to Unit 1 138.59-6 Less: Exclusions (items not allowable/ not claimed) 7 Net Additional Capital Expenditure Claimed 138.59 - * FY yet to be concluded
FORM-TPS-11 S. No. Name of the Assets Depreciation Rates as per MPERC's Depreciation Rate Schedule Gross Block as on 01.04.2017 Additions during FY 2017-18 Gross Block as on 01.04.2018 Average Gross Block for the period FY 2017-18 Depreciation Amount for the period FY 2017-18 Depreciation Amount for the period 2018-19 (1) (2) (3) (4) (5) (6) (7) (8) 1 Freehold Land 0% 150.53 5.68 156.21 153.37 - - 2 Lease Hold Land 3.34% 21.58-21.58 21.58 0.72 0.72 3 Plant & Machinery 5.28% 6,469.10 66.61 6,535.71 6,502.40 343.33 345.09 4 Buildings (Permanent and other civil/structural works) 3.34% 1,269.74 1.44 1,271.18 1,270.46 42.43 42.46 5 Buildings (Temporary Structures and works) 100.00% 0.37-0.37 0.37 0.37 0.37 Other Assets 6 Furniture & Fixtures 6.33% 3.82 0.03 3.85 3.83 0.24 0.24 7 Office Equipments 6.33% 2.87 0.10 2.97 2.92 0.18 0.19 8 Computer 15.00% 3.45 0.16 3.61 3.53 0.53 0.54 9 Vehicles 6.33% 2.22 0.18 2.40 2.31 0.15 0.15 10 Software 15.00% 3.37 0.28 3.65 3.51 0.53 0.55 TOTAL Weighted Average Rate of Depreciation (%) Calculation of Weighted Average Rate of Depreciation 7,927.04 74.49 8,001.53 7,964.28 388.48 390.30 4.88% 4.88% Form-11
FORM-TPS-12 Particulars 2017-18 2018-19 1 4 5 Opening Capital Cost 4,303.40 4,441.99 Closing Capital Cost 4,441.99 4,488.07 Average Capital Cost 4,372.69 4,465.03 Rate of depreciation 4.88% 4.88% Depreciable value 3,899.28 3,961.64 Remaining depreciable value 3,521.11 3,370.19 Depreciation (for the period) 213.29 217.80 Depreciation (annualized) 213.29 217.80 Net Cumulative depreciation at the end of the period STATEMENT OF DEPRECIATION 591.46 809.26
FORM-TPS-13 CALCULATION OF WEIGHTED AVERAGE RATE OF INTEREST ON ACTUAL LOANS MB POWER (MADHYA PRADESH) LIMITED ANUPPUR THERMAL POWER PROJECT (2 x 600 MW) S. Particulars 2017-18 (1) (2) (6) 1 Loan-1 - PTC India Financial Services Limited Net loan - Opening 189.96 Add: Drawal(s) during the Year 0 Less: Repayment (s) of Loans during the year 5.96 Net loan - Closing 184.00 Average Net Loan 186.98 Rate of Interest on Loan on annual basis 13.88% Interest on loan 25.95 2 Loan-2 - Power Finance Corporation Limited Net loan - Opening 1,374.68 Add: Drawal(s) during the Year Less: Repayment (s) of Loans during the year 24.44 Net loan - Closing 1,350.24 Average Net Loan 1,362.46 Rate of Interest on Loan on annual basis 13.47% Interest on loan 183.49 3 Loan-3 - Rural Electrification Corporation Limited Net loan - Opening 804.97 Add: Drawal(s) during the Year Less: Repayment (s) of Loans during the year 23.61 Net loan - Closing 781.37 Average Net Loan 793.17 Rate of Interest on Loan on annual basis 13.10% Interest on loan 103.93 4 Loan-4- State Bank of Patiala Net loan - Opening Add: Drawal(s) during the Year Less: Repayment (s) of Loans during the year Net loan - Closing Loan Closed Average Net Loan Rate of Interest on Loan on annual basis Interest on loan 5 Loan-5 - SBBJ Net loan - Opening Add: Drawal(s) during the Year Less: Repayment (s) of Loans during the year Net loan - Closing Loan Closed Average Net Loan Rate of Interest on Loan on annual basis Interest on loan 6 Loan-6- SBI Net loan - Opening 1,539.60 Add: Drawal(s) during the Year Less: Repayment (s) of Loans during the year 43.14 Net loan - Closing 1,496.47 Average Net Loan 1,518.03 Rate of Interest on Loan on annual basis 13.92% Interest on loan 211.34 7 Loan-7 - Federal Bank Net loan - Opening 47.24 Add: Drawal(s) during the Year 0.18 Less: Repayment (s) of Loans during the year 1.43 Net loan - Closing 45.99 Average Net Loan 46.61 Rate of Interest on Loan on annual basis 13.89% Interest on loan 6.48
S. Particulars 2017-18 (1) (2) (6) 8 Loan-8 - L&T Net loan - Opening 236.8760034 Add: Drawal(s) during the Year 0 Less: Repayment (s) of Loans during the year 6.9493213 Net loan - Closing 229.93 Average Net Loan 233.40 Rate of Interest on Loan on annual basis 13.90% Interest on loan 32.44 9 Loan-9 - PNB Net loan - Opening Add: Drawal(s) during the Year Less: Repayment (s) of Loans during the year Net loan - Closing Average Net Loan Rate of Interest on Loan on annual basis Interest on loan 10 Loan-10 - AXIS Net loan - Opening Loan Closed 559.32 Add: Drawal(s) during the Year 0 Less: Repayment (s) of Loans during the year 13.983 Net loan - Closing 545.34 Average Net Loan 552.33 Rate of Interest on Loan on annual basis 13.95% Interest on loan 77.08 11 Loan-11 - LIC Net loan - Opening 189.520893 Add: Drawal(s) during the Year 0 Less: Repayment (s) of Loans during the year 5.560893 Net loan - Closing 183.96 Average Net Loan 186.74 Rate of Interest on Loan on annual basis 14.31% Interest on loan 26.71 12 Loan-12 - HPPPL Net loan - Opening Add: Drawal(s) during the Year Less: Repayment (s) of Loans during the year Net loan - Closing Average Net Loan Rate of Interest on Loan on annual basis Interest on loan 13 Loan-13 - IIFCL-UK Net loan - Opening Loan Closed 856.14 Add: Drawal(s) during the Year Less: Repayment (s) of Loans during the year 8.65 Net loan - Closing 847.49 Average Net Loan 851.82 Rate of Interest on Loan on annual basis 11.42% Interest on loan 97.25 14 Total Loan Net loan - Opening 5,798.32 Add: Drawal(s) during the Year 0.18 Less: Repayment (s) of Loans during the year 133.72 Net loan - Closing 5,664.78 Average Net Loan 5,731.55 Rate of Interest on Loan on annual basis 13.34% Interest on loan 764.67
FORM-TPS-13A CALCULATION OF INTEREST ON NORMATIVE LOAN Particulars 2017-18 2018-19 1 4 5 Gross loan - Opening 3,109.08 3,209.21 Cumulative repayment of Normative Loan upto previous year 378.17 591.46 Net Normative loan - Opening 2,730.91 2,617.75 Add: Increase due to addition during the year/period 100.13 33.30 Less: Repayment during the year/period 213.29 217.80 Net Normative loan - Closing 2,617.75 2,433.25 Average Normative Loan 2,674.33 2,525.50 Weighted Average rate of Interest 13.34% 13.34% Interest on Loan 356.80 336.94
FORM-TPS-17 Party Asset/ Work Year of actual capitalisation LIABILITY FLOW STATEMENT Liability as on 31.03.2016 2016-17 Liability as on 31.03.2017 31.03.2018 Discharges Reversal Discharges Reversal Discharges Reversal GoMP Freehold Land 2015-16 48.50 2.41 46.09 46.09 46.09 - EPC Contractor Plant & Machinery 2015-16 139.13 43.78 95.35 95.31 - - EPC/Non EPC Contractor Building & Civil Works 2015-16 53.80 21.31 32.49 32.49 - - Related IEDC 2015-16 10.80 - - 10.80 10.80 - - Related IDC 2015-16 - - - - - - - Total 252.23 67.51-184.72 138.60-46.09 46.09 - - 2017-18 Liability as on 2018-19 Liability as on 31.03.2019
Unit-1_Tariff Forms_True-up Tariff for FY 2017-18_13.11.2018_ECR Energy Charge Rate Particulars 2017-18 2018-19 Capacity (MW) 600 600 Target Availability (%) 85% 85% Hours in a Day 24 24 Days in the Year 365 365 Annual Hours of Operation (Hrs) 8,760 8,760 Energy Generated (MU) 4467.60 4467.60 Aux. Power Consumption 5.75% 5.75% Aux. Power Consumption (MU) 256.89 256.89 Energy Sent Out (MU) 4210.71 4210.71 Gross Station Heat Rate (kcal/kwh) 2361.51 2361.51 Specific Fuel Oil Consumption (ml/kwh) 0.50 0.50 Oil Stock Weighted Avg. GCV of Oil (kcal/lit.) 9920 9920 Heat Contribution by Oil (kcal/kwh) 4.96 4.96 Annual Requirement of Oil (ltrs) 2233800 2233800 Oil Stock(2 months) (KL) 372.30 372.30 Weighted Avg. Price of Oil (Rs./KL) 26663 26663 Oil Stock- 2 months- (Rs. in Crore) 0.99 0.99 Coal Stock Weighted Avg. GCV of Coal (kcal/kg) 3587.09 3587.09 Heat Contribution by Coal (kcal/kwh) 2356.55 2356.55 Specific Coal Consumption (kg/kwh) including transit loss 0.662 0.662 Annual Requirement of Coal (MT) 2982342 2982342 Coal Stock (30 days) (MT) 248529 248529 Weighted Avg. Price of Coal (Rs./MT) 2707.61 2707.61 Coal Stock (30 days) - (Rs. in Crore) 67.29 67.29 Variable Charges (Ex Bus) Coal (Rs/kwh) 1.902 1.902 Oil (Rs/kwh) 0.014 0.014 Rs./kwh 1.917 1.917 Variable Charges per year- (Rs. in Crore) 807.19 807.19 Receivables- (Rs. in Crore) Variable Charges -2 months 134.53 134.53 Fixed Charges - 2 months 153.32 152.53 Total 287.86 287.06 Pg - 16 of 17
Other Income Details: S.No. Particulars Amount () 1 Interest Income Bank Deposits 6.02 Others 0.79 2 Scrap Sales 1.04 3 Others 0.74 4 Gain on sale of investments 0.04 Total 8.63