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

State Reports (Vol.-III)
Study on `Impact of Restructuring of SEBs’
Expense Assumptions
Item Basis of forecasting
Percentage
increase
Other income As a percent of revenue
CPSU power purchase cost per unit YoY increase * 5.00
Repairs and maintenance cost YoY increase 4.50
As a per cent of incremental GFA # 2.50
Employee cost FY 06 Increase 10.00
YoY increase 4.50
Provision for bad and doubtful debts As a per cent of Revenue 2.50
Depreciation As a per cent of GFA 6.00
Other finance charges 4.5 per cent YoY increase 4.50
* YoY : Year-on-Year # GFA : Gross Fixed Assets
Business Plan Snapshot (Preliminary draft)
In Rs. Crores FY 06 FY 07 FY 08 FY 09 FY 10
Equity 1,986 1,986 1,986 1,986 1,986
Debt - Equity 67-33 80-20 86-14 88-12 89-11
NFA 3,479 3,756 5,097 7,644 10,106
Revenues 15,100
Retained Earnings (with 14%) (836)
ICG (1,268)
Investment and Financing Plan (Preliminary draft)
A total financing of Rs 15,073 crore is required for an investment of Rs 11,119
crore.
10.52
16,978
(693)
(1,014)
21,450
232
(3)
24,402
417
219
26,496
670
850
Capital Outlay 1,378 2,800 3,052 1,971 1,918
Sales(MU) 46,997 52,158 68,615 78,132 82,526
Distributon Loss 28% 25% 22% 19% 18%
Collection Efficiency 90% 92% 94% 96% 98%
Average PP Cost 3.39 3.39 3.09 3.06 3.12
Average Tariff (Rs.) 3.09 3.15 3.21 3.27 3.33
Rs Crores
5 Year Construction
FY:05-06 FY:06-07 FY:07-08 FY:08-09 FY:09-10
Plan 1378 2800 3052 1971 1918
Physical Contingencies 34 70 76 49 48
Price Contingencies 34 70 76 49 48
IDC 112 393 709 938 1066
Total 1,559 3,333 3,913 3,008 3,080
ICG
Govt Equity
Financed By
(1,234) (916) 283 623 1,333
Debt 2,793 4,249 3,630 2,384 1,746
Total 1,559 3,333 3,913 3,008 3,080