Tariff Petition 2008-09 to 2010-11 - WBSEDCL
Tariff Petition 2008-09 to 2010-11 - WBSEDCL
Tariff Petition 2008-09 to 2010-11 - WBSEDCL
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TARIFF PETITION- <strong>2008</strong>-<strong>09</strong>,20<strong>09</strong>-10 & <strong>2010</strong>-<strong>11</strong>4.9. Interest on Working Capital :In the WBERC (Terms & Conditions of <strong>Tariff</strong>) Regulations, 2007, Hon’ble Commissionhas kindly assessed the Working Capital requirement on normative basis @18 % onestimated annual sale revenue reduced by the amount of Depreciation, DeferredRevenue Expenditure and Return on Equity.4.10. Reserve for Unforeseen Exigencies :In the WBERC (Terms & Conditions of <strong>Tariff</strong>) Regulations, 2007, Hon’bleCommission has kept provision for allowing a reserve for dealing with UnforeseenExigencies up <strong>to</strong> 0.25% of the value of Gross Fixed Assets at the beginning of the year.4.<strong>11</strong>. Release of Withheld and Admissible Amount on account of change in theinterest rate on Govt. Loans :In the tariff order for 2004-05 Hon’ble Commission kindly withhold an amount ofRs.37298 Lakh provisionally from the revenue requirement due <strong>to</strong> non submission of fulldocuments, information, data etc. The Commission has already released Rs 124.33 Cr.and Rs 100.00 Cr. through tariff for 2006-07 and 2007-08 respectively.In this tariff proposal for FY<strong>09</strong>, FY10 and FY<strong>11</strong> one third of the balance withheldamount and two third of the balance withheld amount is being claimed in revenuerequirement for FY<strong>09</strong> and FY10 respectively <strong>to</strong> avoid tariff shock <strong>to</strong> own consumers ofthe <strong>WBSEDCL</strong>.The State Govt. revised the rate of interest on all Govt. loans <strong>to</strong> WBSEB <strong>to</strong> 2%w.e.f. 2001-02 vide G.O. dated <strong>09</strong>.10.2002 which was subsequently withdrawn byanother G.O. dated 16.04.2004. Hon’ble Commission while passing the tariff order ofWBSEB for the year 2004-05 deducted Rs. 637.96 Cr. from the revenue requirement ofWBSEB <strong>to</strong>wards excess interest allowed in the earlier years on the basis of Govt. orderdated 9 th Oc<strong>to</strong>ber 2002 reducing the interest rate <strong>to</strong> 2% with effect from the FY 2001-02.The Govt. Order dated <strong>09</strong>.10.2002 was subsequently withdrawn res<strong>to</strong>ring the rates atwhich the loans were originally sanctioned. Accordingly Rs. 637.96 Cr. deducted asabove now stands refundable <strong>to</strong> <strong>WBSEDCL</strong>. Necessary compliance report has beenWest Bengal State Electricity Distribution Company Ltd. 47
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