4.1.
Improvement in performance of Operational parameters
Petitioner is making all efforts to improve the operational
parameters. Petitioner has targeted stiff targets for itself for
FY 11.
4.2. Issues in accounting treatment of expenses
On the direction of Hon’ble Commission, Petitioner has engaged
consultants to rectify the deficiencies in the accounting
treatment of expenses.
4.3. Loan restructuring
The subject is under consideration of Govt of Jharkhand, wherein
Petitioner has requested conversion of loan to equity. However,
there has been no progress on the same.
4.4. Adjustment of Bills & payments/receipt as per revised
cost of power sold to JSEB
Petitioner is constantly following up with JSEB, but JSEB has
expressed their inability to pay the dues shortly.
4.5. Investment in Fixed Deposits
As the issue of loan restructuring is still pending, no change
has been made in the investment pattern.
4.6. Break-up of Repair works
This issue has been discussed at length with Hon’ble Commission
and Commission considered the cost incurred by the Petitioner.
4.7. Data adequacy in next Tariff petition and timelines
Petitioner would like to submit that all efforts have been made
to provide complete data in this petition. However, these data
are based on provisional balance sheet which is available as of
now.
