Coal News We love to talk!

MAY 12 2015

CERC revises AFC for NHPCs Salal HEP

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 12th MAY 2015

In response to a petition filed by NHPC Limited, the Central Electricity Regulatory Commission (CERC) has approved the revised annual fixed charges (AFC) for 2009–14 following the truing-up and has determined the AFC for 2014–19 for the 690 MW Salal Hydroelectric Plant (HEP) in Jammu and Kashmir. The HEP was commissioned on January 4, 1995.

The NHPC has sought revision in tariff for the period 2009–14 based on the actual additional capital expenditure incurred by the company during 2012–13 and 2013–14.

CERC-approved revised AFC for NHPC’s Salal HEP for 2009–14 (in Rs million)

Particulars

2009–10

2010–11

2011–12

2012–13

2013–14

Return on equity

  1,135.47

  1,124.23

  1,114.15

     941.12

     953.70

Interest on loan

-  

-  

-  

-  

-  

Depreciation

     193.56

     195.58

     198.20

     198.50

     199.65

Interest on working capital

        80.47

        83.30

        86.33

        86.11

        89.96

O&M expenses

  1,054.99

  1,115.34

  1,179.13

  1,246.58

  1,317.88

AFC approved

  2,464.49

  2,518.44

  2,577.81

  2,472.30

  2,561.20

AFC claimed 

  2,464.51

  2,518.43

  2,577.83

  2,472.40

  2,561.43

O&M: operation and maintenance

Source: CERC

 

CERC stated that the difference between the AFC already recovered by the petitioner and the AFC determined in the present order will be adjusted in accordance with Clause (6) of Regulation 6 of the Tariff Regulations, 2009. In the order, the commission also determined the AFC for the Salal HEP for 2014–19 as per the Tariff Regulations, 2014.

CERC-determined AFC for Salal HEP for 2014–19 (in Rs million)

Particulars

2014–15

2015–16

2016–17

2017–18

2018–19

Return on equity

     957.07

     964.57

     977.27

     996.86

  1,019.87

Interest on loan

-  

-  

-  

          1.11

          1.37

Depreciation

     203.00

     212.12

     226.72

     255.01

     285.42

Interest on working capital

     106.42

     112.09

     118.37

     125.52

     133.18

O&M expenses

  1,442.96

  1,538.83

  1,641.07

  1,750.10

  1,866.38

AFC approved

  2,709.44

  2,827.61

  2,963.43

  3,128.61

  3,306.23

AFC claimed

  2,709.69

  2,828.53

  2,971.57

  3,139.63

  3,317.20

O&M: operation and maintenance

Source: CERC

The commission stated that the AFC approved for 2014–19 will be subject to truing-up in accordance with Regulation 8 of the Tariff Regulations, 2014.

Tags

Himachal Pradesh Salal HEP National Hydroelectric Power Corporation Ltd. Central Electricity Regulatory Commission Tariff Electricity Regulatory Commission Electricity

Related News

  • Bescom to replace old meters with electronic ones  Read more
  • CERC approves DB Powers petition for drawl of start-up power and injection of infirm power  Read more
  • New chairman of AP Electricity Regulatory Commission appointed  Read more
  • Waive our power bills, irate Ribandar residents demand  Read more
  • Solar activity to pick up as Regulatory Authority fixes tariff  Read more
  • New solar auction lights the way to Modis green targets, dims coal outlook  Read more
  • More discomforts for discoms  Read more
  • U.P.s energy deficit down on increased power supply: Centre  Read more
  • NTPC, Chhabra deal deadline set to be broken; here is why  Read more
  • UPERC directs SLDC to issue NOC to NPCL for short-term open access  Read more