3.1
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.1304.91 Crores. This has been audited by Chartered
Accountants. The Capital Cost of the project is discussed later
in the petition.
The petitioner would like to inform the Hon’ble Commission the
investment made by BSEB of the amount Rs.168 Crores, which
though included in our earlier submission under capital cost,
was never treated as an investment. This was due to the fact
that the matter has been sub judice since the time TVNL was
transferred. Recently there are certain developments and an
amount of Rs.427 Cr has been raised by Bihar State Electricity
Board which includes an initial investment of 168 Cr and
carrying cost. The issue is still being debated and an early
order from Central and State Government is expected. Petitioner
wants to bring this into consideration of Hon’ble Commission as
submit that due to this, the loan restructuring as was directed,
has not been initiated.
