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2. Background
2.1 Introduction
Tenughat Vidyut Nigam Limited (hereinafter
referred to as “Petitioner”), a wholly owned Generating Company
of Government of Jharkhand was constituted in 1987 under Indian
Company’s Act, 1956. The Petitioner owns and operates an
installed power generation capacity of 420 MW with two units of
210 MW each. The units were commissioned as detailed below:
Unit I -
September 1996
Unit II -
September 1997
With the creation of Jharkhand state on 15th
November 2000 from the erstwhile Bihar State, the Petitioner has
become an undertaking of Government of Jharkhand. But all the
papers relating to Tenughat Thermal Power Station (TTPS) are
still lying with Bihar State Electricity Board, Patna and in
spite of the orders of the Jharkhand High Court the documents
are not made available to the Petitioner. As such the details of
estimated costs of various items related to the project are not
available with the Petitioner. However, based on expenditure
details available with TTPS the total cost of the project
including interest during construction (IDC) is estimated at
Rs.1355.58 crores. This has been audited by Chartered
Accountants. The cost of the project is discussed later in the
petition.
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The Honourable Commission has notified the
regulations on Terms and Conditions for Determination of
Thermal Generation Tariff on 28th July 2004 in
exercise of the powers conferred by Section 61 and 62 read
with Section 181 of the Electricity Act, 2003. The
sub-clause (2) of Clause 5 of these regulations require
the generating company, in case of
existing generating station, to make an application for
determination of tariff as per Appendix I to these
regulations for getting the same approved by the
Honourable Commission. In compliance to this provision,
the Petitioner is filing this petition.
The Honourable Commission had passed tariff
order dated January 03, 2008 for the financial year
2007-08 approving a tariff of Rs 2.05 per unit, which is
inclusive fixed charges of Rs.1.17 per kWh and variable
cost of Rs 0.88 per kWh for the year 2007-08. The
Petitioner seeks revision in tariff on account of,
increase in new capital works and higher operation, higher
employee expenses, capital expenditure, repair and
maintenance expenditure on account of aging of the
existing units of the plant. |
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