Tariff Petition 2008-09 to 2010-11 - WBSEDCL

More documents

Recommendations

Info

TARIFF PETITION- 2008-09,2009-10 & 2010-114.5. Capitalisation of Expenses :Capitalization of expenses are generally made by the erstwhile WBSEB with theprinciple that the actual cost that would be required during the year for the constructionactivities are to be capitalized. This year we also follow the same methodology.Besides, Generation Units, WBSEDCL has got several Distribution Units havingseparate field office for construction as well as (O&M) jobs. WBSEDCL decided that thefollowing quantum of the expenses on account of Salary, Overtime, D.A. and otherallowances of the respective offices as shown against each should be capitalized.Sl.No Type of UnitRate ofCapitalisation1 Construction Divisions/All Projects under constn. 100%2 Dist. HQ 60%3 Corporate Office 60%4 Material Controller 60%5 Distribution Circle Office/Zonal Office 18%6 Uluberia, Coochbehar, Asansol& Durgapur Dist 20%(O&M) Divn.7 Alipurduar Dist (O&M) Divn. 33%8 Jalpaiguri Dist (O&M) Divn. 40%9 All other O&M Divisions (Dist. ) 12%10 Darjeeling Constn-cum-(O&M) Division 57%11 Hydel/Gas Turbine/Salt Lake Complex/HRD 0%Further 100% expenditure on a/c of other Employees cost, Admn. & Gen.Expenses, maintenance expenses, Finance Charges (Bank Charges/Commission), otherdebits i.r.o. Construction Units (Sl.No. 1) should also be capitalized.In accordance with the above, the amount involved for capitalization out of totalexpenses has been calculated for the year 2007-08Capitalisation of expenses other than interest has been estimated for the year2007-08 amounting to Rs 71.34 crores. And for the year 2008-09 it amounts to Rs.78.36crores. The break up of the above figure is given below:West Bengal State Electricity Distribution Company Ltd. 45
TARIFF PETITION- 2008-09,2009-10 & 2010-11(Rs. in crore)Item 2007-08(Estimated)2008-09(Estimated)Employee Cost 67.00 74.14Admn. & Other Expenditure 4.13 4.21Other finance charges 0.21 0.01Total 71.34 78.364.6. Capitalisation of Interest :The rate of capitalisation of Interest during 2007-08 and 2008-09 are worked out at45% and 20%. Considering the same, the amount of capitalisation of interest for FY07-08and FY08-09 has been estimated at Rs 124.28 Crores and Rs.74.04 Crores.4.7. Depreciation :In the WBERC (Terms & Conditions of Tariff) Regulations, 2007, Hon’bleCommission has stipulated that depreciation would be calculated annually based onstraight-line method at the prescribed rates. Depreciation shall be allowed up to maximumof 90% of the original cost of the assets. Cost of depreciation of assets of WBSEDCL,which will be in service during the year 2007-08 and 2008-09 has been computed atRs.235.57 and Rs.310.77 Crores respectively on the basis of above methodology.4.8. Interest and Finance Charges :Details of Govt. Loan and loan from other financial institution and calculation of Interestthere on for all the years are given in the Form-C of Vol-II.West Bengal State Electricity Distribution Company Ltd. 46
Page 1 and 2: WEST BENGALSTATE ELECTRICITYDISTRIB
Page 3 and 4: AndIN THE MATTER OF:West Bengal Sta
Page 5 and 6: Commission (Conduct of Business) Re
Page 7 and 8: A13. The aggregated assets and liab
Page 9 and 10: A2008-09 2009-10 2010-1122. Interes
Page 11 and 12: full documents, information, data e
Page 13 and 14: TARIFF PETITION- 2008-09,2009-10 &
Page 52: TARIFF PETITION- 2008-09,2009-10 &

Tariff Petition 2008-09 to 2010-11 - WBSEDCL

Create successful ePaper yourself

Delete template?

Save as template?