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

Maharashtra
Table: Financial Performance
Parameters
2000
-01
2001
-02
2002
-03
2003
-04
2004
-05
2005
-06
2006
-07
2007
-08
(Rs crore)
2008
-09
Turnover 11888 12702 13447 14454 15072. 15100 16978 21450 24402
PBT (1982) (730) (255) (549) (556) (836) (693) 252 452
PAT (836) (693) 232 417
Interest paid 1522. 1476 1489 1519 1385 245 505 817 1056
Wages and salaries 1660 1770 1747 1812 1293 1422 1486 1553 1623
Equity 3465 3465 3465 3465 3465 1986 1986 1986 1986
Debt outstanding 9690 10444 10412 10098 9447 2793 4249 3630 2384
Net worth 6512 6285 6346 6252 6020 1986 1986 2218 2403
Govt. subsidy 789 493 833 1101 1554 696
APRDP incentive 138
Investments made
for improvement
1013 1055 972 1071 * 1559 3333 3913 3008
Note: Figures are rounded to nearest Rs crore. Figures indicated for the period prior to restructuring
pertain to MSEB as a whole, the values for 2004-05 marked * are under finalisation.
STATUS OF REGULATION/IMPLEMENTATION OF PROVISIONS OF THE
EA, 2003
DETERMINATION OF TARIFF
MERC was established on 12 August 1999. So far, MESB had approached MERC for
revision of tariff on three occasions and MERC has revised the tariff of MSEB in May
2000, January 2002 and March 2004. The following table gives the ARR proposed by
MSEB in 2000-01, 2001-02 and 2003-04 and approved by MERC. Cross-subsidies do
exist however these are getting reduced in each subsequent tariff order. MSEDCL has
recently submitted an ARR and the extent of under recovery or otherwise will be
known after approval of MERC.
Table: Expenses Proposed and Approved by MERC
2000-01 Tariff order 2001-02 Tariff order
(Rs crore)
2003-04 Tariff order
Particulars MSEB MERC MSEB MERC MSEB MERC
proposal approval proposal approval proposal approval
Energy input (MU) 59140 59240 59465 61145 63922 62652
Expense head
Generation of power 3456 3387 3792 3763 4243 4104
Purchase of power 3798 3542 2818 2950 3493 3132
Repairs and maintenance 675 675 672 670 738 737
Employee costs 1519 1419 1840 1704 1695 1655
Administrative and
general expenses
151 151 278 120 145 139
Depreciation 1294 1293 1544 1527 1585 1578
10.49