Report of Indian Institute of Public Administration ... - Ministry of Power

Madhya Gujarat Vij Company Limited (MGVCL)
Salient features of the company are highlighted as under:
Area of operation in Gujarat Central
Area served (sq km) 23,854
Districts serviced 5
Villages serviced 4,426
State Reports (Vol.-III)
Study on `Impact of Restructuring of SEBs’
Circles
Four – Baroda Rural, Baroda City,
Anand and Godhra
Division offices 17
Sub-division offices 89
No. of 11kV feeders 816
No. of consumers 18,12,164
No. of employees 5,415
The company had submitted ARR to GERC in January 2006 for the years 2005-06
and 2006-07. The Commission approved the ARR only for the year 2006-07. The
details of ARR claimed by MGVCL for the year 2006-07and approved by the
commission are given below.
Details of expenditure heads
As claimed by
MGVCL
(Rs lakh)
As approved by the
Commission
Power purchase cost 164044 147568
Employees cost 13470 12675
Repairs and maintenance charges 3257 3198
Administrative and general expenses 2533 2487
Depreciation 6768 3765
Interest on loans 4273 4492
Interest on working capital 2729 2617
Other debits 874 857
Provision for bad debts 668 668
Licensee fee and other charges 70 70
Less interest and other expenses capitalised (-) 3210 (-) 3210
Return on equity 4802 2233
Provision for tax 0 -
Total expenses approved 198205 * 177420
* after allowing non-tariff income, Rs 2,074 lakh
Bulk Supply Tariff for MGVCL is Rs 2.62 per kWh.
9.36