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Project Capacity A MW 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750 3.750
Rs.crores/
Cost per MW B MW 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795 11.795
Rs.In
Project Cost C Crores 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230 44.230
Depreciation Rate D % 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80%
17 Lac /
O&M Expenses E MW 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170
O&M Escalation p.a F % 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72% 5.72%
Receivables Z month 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Debt % 70.00%
Equity % 30.00%
Debt:Equity 2.333
Debt Amount G Rs.crores 30.961 27.865 24.769 21.673 18.577 15.480 12.384 9.288 6.192 3.096 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Rate of Int. on Working Capital WC % 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80%
Rate of Int. on Term Loan L % 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80% 12.80%
Return on Equity P % 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24%
O&M WC1=O*Y/12 Rs.crores 0.053 0.056 0.059 0.063 0.066 0.070 0.074 0.078 0.083 0.088 0.093 0.098 0.104 0.109 0.116 0.122 0.129 0.137 0.145 0.153 0.162 0.171 0.181 0.191 0.202 0.213 0.226 0.239 0.252 0.267 0.282 0.298 0.315 0.333 0.352
Receivables WC2 Rs.crores 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601 1.601
GWC=WC1+W
Gross Working capital Requirement C2 Rs.Crores 1.655 1.658 1.661 1.664 1.668 1.672 1.676 1.680 1.684 1.689 1.694 1.699 1.705 1.711 1.717 1.724 1.731 1.738 1.746 1.754 1.763 1.772 1.782 1.792 1.803 1.815 1.827 1.840 1.854 1.868 1.883 1.899 1.916 1.934 1.954
MBPF@75% 1.000 Rs.Crores 1.655 1.658 1.661 1.664 1.668 1.672 1.676 1.680 1.684 1.689 1.694 1.699 1.705 1.711 1.717 1.724 1.731 1.738 1.746 1.754 1.763 1.772 1.782 1.792 1.803 1.815 1.827 1.840 1.854 1.868 1.883 1.899 1.916 1.934 1.954
Interest on Working Capital W=M*WC Rs.Crores 0.212 0.212 0.213 0.213 0.213 0.214 0.214 0.215 0.216 0.216 0.217 0.218 0.218 0.219 0.220 0.221 0.222 0.222 0.223 0.225 0.226 0.227 0.228 0.229 0.231 0.232 0.234 0.236 0.237 0.239 0.241 0.243 0.245 0.248 0.250
O&M Exp. At 5% escalation p.a. O=C*E Rs.Crores 0.638 0.674 0.713 0.753 0.796 0.842 0.890 0.941 0.995 1.052 1.112 1.175 1.243 1.314 1.389 1.468 1.552 1.641 1.735 1.834 1.939 2.050 2.167 2.291 2.422 2.561 2.707 2.862 3.026 3.199 3.382 3.576 3.780 3.996 4.225
Depreciation S=C*D Rs.Crores 3.096 3.096 3.096 3.096 3.096 3.096 3.096 3.096 3.096 3.096 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354 0.354
Interest On Loan Capital I=G*L Rs.Crores 3.963 3.567 3.170 2.774 2.378 1.981 1.585 1.189 0.793 0.396 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Return On Equity R=H*P Rs.Crores 2.123 2.123 2.123 2.123 2.123 2.123 2.123 2.123 2.123 2.123 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185 3.185
Water Cess – 5 Paisa / Unit 0.050 Rs.Crores 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107 0.107
FC=W+O+S+I+
Total Fixed Cost R+X Rs.Crores 10.138 9.779 9.421 9.066 8.714 8.363 8.016 7.671 7.329 6.990 4.974 5.038 5.106 5.178 5.254 5.334 5.419 5.509 5.604 5.704 5.810 5.922 6.041 6.166 6.298 6.438 6.587 6.743 6.908 7.083 7.268 7.464 7.671 7.889 8.120
Annual PLF PLF % 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650 0.650
GG=A*PLF*876
Gross Generation 0/100000 MU 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353 21.353
Aux.Cons AC % 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000 6.000
Q=(GG*AC)/10
Aux.Cons 0 MU 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281 1.281
Free Power to state Government 0.120 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562 2.562
Net Generation in Year N=GG-Q MU 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509 17.509
PW Factor 0.094 0.914 0.836 0.765 0.699 0.640 0.585 0.535 0.489 0.447 0.409 0.374 0.342 0.313 0.286 0.262 0.239 0.219 0.200 0.183 0.167 0.153 0.140 0.128 0.117 0.107 0.098 0.090 0.082 0.075 0.068 0.063 0.057 0.052 0.048 0.044
FC/Unit=
Fixed cost per Unit FC/10/N Rs./KWH 5.790 5.585 5.381 5.178 4.977 4.777 4.578 4.381 4.186 3.992 2.841 2.877 2.916 2.957 3.001 3.047 3.095 3.146 3.200 3.258 3.318 3.382 3.450 3.522 3.597 3.677 3.762 3.851 3.946 4.046 4.151 4.263 4.381 4.506 4.638
Discounted cost per unit 5.292 4.669 4.116 3.619 3.185 2.795 2.449 2.142 1.871 1.633 1.063 0.984 0.913 0.846 0.786 0.728 0.678 0.629 0.586 0.544 0.508 0.473 0.442 0.412 0.385 0.360 0.339 0.316 0.296 0.275 0.262 0.243 0.228 0.216 0.204
10.226 4.350
44.487
Tariff for Small Hydro Electric Projects
Based upon CSERC formate
Particulars Derivation Unit 1 2 3 4 5 6 7 8 9 10
Project Capacity A MW 1 1 1 1 1 1 1 1 1 1
Cost per MW B Rs.crores/MW 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5
Project Cost C Rs.In Crores 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5
Depreciation Rate D % 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00%
O&M Expenses E % 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%
O&M Escalation p.a F % 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
Working Capital Schedule
O&M Expenditure Y month 1 1 1 1 1 1 1 1 1 1
Receivables Z month 2 2 2 2 2 2 2 2 2 2
Debt % 70%
Equity % 30%
Debt:Equity 2.33
Debt Amount G Rs.crores 3.850 3.465 3.080 2.695 2.310 1.925 1.540 1.155 0.770 0.385
Debt Repayment Years Years 10
Equity Amount H Rs.crores 1.65 1.65 1.65 1.65 1.65 1.65 1.65 1.65 1.65 1.65
Rate of Int. on Working Capital WC % 13.79% 13.79% 13.79% 13.79% 13.79% 13.79% 13.79% 13.79% 13.79% 13.79%
Rate of Int. on Term Loan L % 14.29% 14.29% 14.29% 14.29% 14.29% 14.29% 14.29% 14.29% 14.29% 14.29%
Return on Equity P % 19.00% 19.00% 19.00% 19.00% 19.00% 19.00% 19.00% 19.00% 19.00% 19.00%
Interest on Working Capital
O&M WC1=O*Y/12 Rs.crores 0.0138 0.0138 0.0138 0.0138 0.0138 0.0138 0.0138 0.0138 0.0138 0.0138
Receivables WC2 Rs.crores 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15
Gross Working capital Requirement GWC=WC1+WC2 Rs.Crores 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16
MBPF@75% M=GWC*75% Rs.Crores 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12
Interest on Working Capital W=M*GWC Rs.Crores 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
O&M Exp. At 5% escalation p.a. O=C*E Rs.Crores 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17
Depreciation S=C*D Rs.Crores 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.35
Interest On Loan Capital I=G*L Rs.Crores 0.550 0.495 0.440 0.385 0.330 0.275 0.220 0.165 0.110 0.055
Return On Equity R=H*P Rs.Crores 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31
Water Charges X Rs.Crores 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Total Fixed Cost FC=W+O+S+I+R+X Rs.Crores 1.454 1.399 1.344 1.289 1.234 1.179 1.124 1.069 1.014 0.924
Annual PLF PLF % 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%
Gross Generation GG=A*PLF*8760/100000 MU 0.035 0.035 0.035 0.035 0.035 0.035 0.035 0.035 0.035 0.035
Aux.Cons AC % 2 2 2 2 2 2 2 2 2 2
Aux.Cons Q=(GG*AC)/100 MU 0 0 0 0 0 0 0 0 0 0
Net Generation in Year N=GG-Q MU 0.035 0.035 0.035 0.035 0.035 0.035 0.035 0.035 0.035 0.035
Fixed cost per Unit FC/Unit= FC/10/N Rs./KWH 4.15 3.99 3.83 3.68 3.52 3.36 3.21 3.05 2.89 2.64
Levellised Tariff 3.43